<SEC-DOCUMENT>0000812011-24-000091.txt : 20240926
<SEC-HEADER>0000812011-24-000091.hdr.sgml : 20240926
<ACCEPTANCE-DATETIME>20240926160943
ACCESSION NUMBER:		0000812011-24-000091
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		97
CONFORMED PERIOD OF REPORT:	20240731
FILED AS OF DATE:		20240926
DATE AS OF CHANGE:		20240926

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VAIL RESORTS INC
		CENTRAL INDEX KEY:			0000812011
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				510291762
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09614
		FILM NUMBER:		241329057

	BUSINESS ADDRESS:	
		STREET 1:		390 INTERLOCKEN CRESCENT
		STREET 2:		SUITE 1000
		CITY:			BROOMFIELD
		STATE:			CO
		ZIP:			80021
		BUSINESS PHONE:		303-404-1800

	MAIL ADDRESS:	
		STREET 1:		390 INTERLOCKEN CRESCENT
		STREET 2:		SUITE 1000
		CITY:			BROOMFIELD
		STATE:			CO
		ZIP:			80021
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>mtn-20240731.htm
<DESCRIPTION>10-K
<TEXT>
<XBRL>
<?xml version='1.0' encoding='ASCII'?>
<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:d5f9b4a5-ad73-4cf5-9885-aa2f84d9088e,g:b05a5fc7-e025-4429-99bf-42c2b1aa630e,d:e3b544e2e7c945e991471c5324b69364-->
<html xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:country="http://xbrl.sec.gov/country/2023" xmlns:srt="http://fasb.org/srt/2023" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:us-gaap="http://fasb.org/us-gaap/2023" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:mtn="http://www.vailresorts.com/20240731" xmlns:currency="http://xbrl.sec.gov/currency/2023" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12" xmlns:dei="http://xbrl.sec.gov/dei/2023" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns="http://www.w3.org/1999/xhtml" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>mtn-20240731</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="c-1" name="dei:AmendmentFlag" id="f-31">false</ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="dei:DocumentFiscalYearFocus" id="f-32">2024</ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="dei:DocumentFiscalPeriodFocus" id="f-33">FY</ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="dei:EntityCentralIndexKey" id="f-34">0000812011</ix:nonNumeric><ix:nonNumeric contextRef="c-4" name="us-gaap:FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList" id="f-35">http://fasb.org/us-gaap/2023#OtherLiabilities</ix:nonNumeric><ix:nonNumeric contextRef="c-5" name="us-gaap:FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList" id="f-36">http://fasb.org/us-gaap/2023#OtherLiabilities</ix:nonNumeric><ix:nonNumeric contextRef="c-4" name="us-gaap:FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" id="f-37">http://fasb.org/us-gaap/2023#Goodwill</ix:nonNumeric><ix:nonNumeric contextRef="c-5" name="us-gaap:FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" id="f-38">http://fasb.org/us-gaap/2023#Goodwill</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="mtn-20240731.xsd"/></ix:references><ix:resources><xbrli:unit id="usd"><xbrli:measure>iso4217:USD</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:unit id="usdPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:USD</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit><xbrli:unit id="number"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><xbrli:unit id="d"><xbrli:measure>utr:D</xbrli:measure></xbrli:unit><xbrli:unit id="chf"><xbrli:measure>iso4217:CHF</xbrli:measure></xbrli:unit><xbrli:unit id="hour"><xbrli:measure>mtn:hour</xbrli:measure></xbrli:unit><xbrli:context id="c-1"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-2"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-01-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-3"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-09-23</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-4"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-5"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-6"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-7"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-8"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-9"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-10"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-11"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-12"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-13"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-14"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2021-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-15"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2021-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-16"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-17"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-18"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-19"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-20"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-21"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-22"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-23"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2022-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-24"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2022-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-25"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2022-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-26"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2022-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-27"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2022-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-28"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2022-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-29"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2022-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-30"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2022-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-31"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-32"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-33"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-34"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-35"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-36"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-37"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-38"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-39"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-40"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-41"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-42"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-43"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-44"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-45"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-46"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-47"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-48"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-49"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-50"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-51"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-52"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-53"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-54"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-55"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-56"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-57"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-58"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-59"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:LandImprovementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-60"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:LandImprovementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-61"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:BuildingAndBuildingImprovementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-62"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:BuildingAndBuildingImprovementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-63"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:MachineryAndEquipmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-64"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:MachineryAndEquipmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-65"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:FurnitureAndFixturesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-66"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:FurnitureAndFixturesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-67"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:SoftwareAndSoftwareDevelopmentCostsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-68"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:VehiclesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-69"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:VehiclesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-70"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:A6.25NotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-71"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:A00NotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-72"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-73"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:NRPLoanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-74"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:MountainOperatingExpenseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-75"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:MountainOperatingExpenseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-76"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:MountainOperatingExpenseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-77"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:LodgingOperatingExpenseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-78"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:LodgingOperatingExpenseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-79"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:LodgingOperatingExpenseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-80"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:RealEstateOperatingExpenseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-81"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:RealEstateOperatingExpenseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-82"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:RealEstateOperatingExpenseMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-83"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LiftTicketsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LiftTicketsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-84"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LiftTicketsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LiftTicketsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-85"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LiftTicketsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LiftTicketsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-86"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:SkiSchoolMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:SkiSchoolMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-87"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:SkiSchoolMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:SkiSchoolMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-88"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:SkiSchoolMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:SkiSchoolMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-89"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:DiningMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-90"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:DiningMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-91"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:DiningMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-92"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RetailRentalMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:RetailRentalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-93"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RetailRentalMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:RetailRentalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-94"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RetailRentalMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:RetailRentalMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-95"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-96"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-97"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-98"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OwnedHotelRevenueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-99"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OwnedHotelRevenueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-100"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OwnedHotelRevenueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-101"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:ManagedcondominiumroomsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-102"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:ManagedcondominiumroomsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-103"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:ManagedcondominiumroomsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-104"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-105"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-106"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-107"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:TransportationMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-108"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:TransportationMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-109"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:TransportationMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-110"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:GolfMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-111"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:GolfMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-112"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:GolfMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-113"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherLodgingRevenueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-114"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherLodgingRevenueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-115"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherLodgingRevenueMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-116"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LodgingrevenueexcludingpayrollcostreimbursementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-117"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LodgingrevenueexcludingpayrollcostreimbursementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-118"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LodgingrevenueexcludingpayrollcostreimbursementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-119"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:PayrollcostreimbursementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-120"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:PayrollcostreimbursementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-121"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:PayrollcostreimbursementsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-122"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-123"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-124"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:CanyonsObligationMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-125"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:CanyonsObligationMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-126"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-127"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-128"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:NorthstarMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-129"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:NorthstarResortFinanceLeasesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-130"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-18</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-131"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2024-09-25</xbrli:startDate><xbrli:endDate>2024-09-25</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-132"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DividendsAxis">us-gaap:DividendDeclaredMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-24</xbrli:startDate><xbrli:endDate>2024-10-24</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-133"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DividendsAxis">us-gaap:DividendDeclaredMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-08</xbrli:startDate><xbrli:endDate>2024-10-08</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-134"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-135"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-136"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-137"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:TermLoanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-138"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:TermLoanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-139"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:TermLoanMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-140"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.50NotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-141"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.50NotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-142"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.50NotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-143"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.25NotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-144"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.25NotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-145"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.25NotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-146"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-147"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:ConvertibleNotesPayableMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-148"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:ConvertibleNotesPayableMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-149"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerCreditAgreementrevolverMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-150"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerCreditAgreementrevolverMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-151"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerCreditAgreementrevolverMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-152"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-153"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-154"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-155"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-156"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-157"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-158"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-159"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:CanyonsObligationMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-160"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-161"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-162"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-163"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-164"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-165"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-166"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:OtherDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-167"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:OtherDebtMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-168"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:OtherDebtMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-169"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:OtherDebtMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-170"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:A6.50NotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-171"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:ConvertibleNotesPayableMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2020-12-18</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-172"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:ConvertibleNotesPayableMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-173"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:AlpineValleySecuredNoteMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-174"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:BostonMillsBrandywineSecuredNoteMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-175"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:JackFrostBigBoulderSecuredNoteMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-176"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:MountSnowSecuredNoteMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-177"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:HunterMountainSecuredNoteMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-178"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:HunterMountainSecuredNoteMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-179"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-180"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-181"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:MountSnowSecuredNoteMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-182"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:HunterMountainSecuredNoteMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-183"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-184"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BreckenridgeTerraceMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-185"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheaMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BreckenridgeTerraceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-186"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheBMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BreckenridgeTerraceMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-187"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BreckenridgeTerraceMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-188"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TarnesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-189"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheaMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TarnesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-190"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheBMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TarnesMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-191"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TarnesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-192"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BcHousingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-193"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheaMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BcHousingMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-194"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheBMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BcHousingMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-195"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BcHousingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-196"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TenderfootMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-197"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheaMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TenderfootMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-198"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheBMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TenderfootMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-199"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TenderfootMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-200"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheaMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-201"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheBMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-202"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CanyonsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2013-05-28</xbrli:startDate><xbrli:endDate>2013-05-29</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-203"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2013-05-28</xbrli:startDate><xbrli:endDate>2013-05-29</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-204"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CanyonsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-205"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CanyonsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-206"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-207"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:NorthstarResortFinanceLeasesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-208"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-209"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CransMontanaMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-05-02</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-210"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CransMontanaMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2024-05-02</xbrli:startDate><xbrli:endDate>2024-05-02</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-211"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CransMontanaMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-212"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CransMontanaMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-213"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SevenSpringsResortsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-214"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2022-08-03</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-215"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-216"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-03</xbrli:startDate><xbrli:endDate>2022-08-03</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-217"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-218"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-219"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SevenSpringsResortsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-12-31</xbrli:startDate><xbrli:endDate>2021-12-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-220"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SevenSpringsResortsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-221"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SevenSpringsResortsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-222"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CanyonsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-223"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2022-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-224"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2022-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-225"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-226"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-227"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-228"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-229"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-230"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-231"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-232"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-233"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:MoneyMarketFundsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-234"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:MoneyMarketFundsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-235"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CommercialPaperMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-236"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CommercialPaperMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-237"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CertificatesOfDepositMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-238"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CertificatesOfDepositMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-239"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-240"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-241"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:MoneyMarketFundsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-242"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:MoneyMarketFundsMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-243"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CommercialPaperMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-244"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CommercialPaperMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-245"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CertificatesOfDepositMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-246"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CertificatesOfDepositMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-247"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-248"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-249"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:PeakResortsInc.Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-250"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:IncomeTaxAuthorityAxis">us-gaap:ForeignCountryMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-251"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-252"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="dei:LegalEntityAxis">mtn:HollandCreekMetropolitanDistrictMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-253"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">mtn:WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-254"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:NorthstarMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-255"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:PerisherMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-256"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:FallsCreekMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-257"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:HothamMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-258"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:MadRiverMountainMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-259"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:UsernCorporationMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-260"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SwissConfederationLease1Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-261"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SwissConfederationLease2Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-262"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:MunicipalityOfTujetschMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-263"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SwissConfederationLease3Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-264"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SwissConfederationLease4Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-265"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:FederalOfficeOfTransportConcession1Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-266"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:FederalOfficeOfTransportConcession2Member</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-267"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-268"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-269"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:ResortMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-270"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:ResortMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-271"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:ResortMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-272"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RealEstateSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-273"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RealEstateSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-274"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RealEstateSegmentMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-275"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis">mtn:DoubletreeBreckenridgeMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-276"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionDomesticMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-277"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionDomesticMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-278"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionDomesticMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-279"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionForeignMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-280"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionForeignMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-281"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionForeignMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-282"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionDomesticMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-283"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionDomesticMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-284"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionForeignMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-285"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionForeignMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-286"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">country:CA</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-287"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">country:CA</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-288"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">country:CA</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-289"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">country:CA</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-290"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2006-03-09</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-291"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2008-07-16</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-292"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2015-12-04</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-293"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-03-07</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-294"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2006-03-09</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-295"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-09-25</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-296"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-297"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-298"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-299"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-300"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:StockAppreciationRightsSARSMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-301"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:StockAppreciationRightsSARSMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-302"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:StockAppreciationRightsSARSMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-303"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:StockAppreciationRightsSARSMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-304"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:StockAppreciationRightsSARSMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-305"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">mtn:RestrictedStockUnitsRsusMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2023-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-306"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">mtn:RestrictedStockUnitsRsusMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2023-08-01</xbrli:startDate><xbrli:endDate>2024-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-307"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">mtn:RestrictedStockUnitsRsusMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2024-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-308"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">mtn:RestrictedStockUnitsRsusMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-01</xbrli:startDate><xbrli:endDate>2023-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-309"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">mtn:RestrictedStockUnitsRsusMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-08-01</xbrli:startDate><xbrli:endDate>2022-07-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-310"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="mtn:UnrecognizedCompensationExpenseAxis">mtn:ExpectedToBeRecognizedInOneYearMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2025-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-311"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="mtn:UnrecognizedCompensationExpenseAxis">mtn:ExpectedToBeRecognizedInOneYearMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2026-07-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="c-312"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000812011</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="mtn:UnrecognizedCompensationExpenseAxis">mtn:ExpectedToBeRecognizedInOneYearMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:instant>2027-07-31</xbrli:instant></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="ie3b544e2e7c945e991471c5324b69364_1"></div><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:3pt;text-align:center"><span><br/></span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">WASHINGTON, D.C. 20549</span></div><div style="margin-top:5pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="c-1" name="dei:DocumentType" id="f-1">10-K</ix:nonNumeric></span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"/><td style="width:4.635%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:93.165%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:20pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:DocumentAnnualReport" format="ixt-sec:boolballotbox" id="f-2">&#9746;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</span></div></td></tr></table></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the fiscal year ended <ix:nonNumeric contextRef="c-1" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="f-3"><ix:nonNumeric contextRef="c-1" name="dei:CurrentFiscalYearEndDate" format="ixt:date-monthname-day-en" id="f-4">July 31</ix:nonNumeric>, 2024</ix:nonNumeric></span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">or</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"/><td style="width:4.635%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:93.165%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:20pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:DocumentTransitionReport" format="ixt-sec:boolballotbox" id="f-5">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</span></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the transition period from to&#160;</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Commission File Number:&#160;<ix:nonNumeric contextRef="c-1" name="dei:EntityFileNumber" id="f-6">001-09614</ix:nonNumeric> </span></div><div style="margin-top:12pt;text-align:center"><img src="mtn-20240731_g1.jpg" alt="vaila08.jpg" style="height:76px;margin-bottom:5pt;vertical-align:text-bottom;width:434px"/></div><div style="margin-top:5pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityRegistrantName" id="f-7">Vail Resorts, Inc.</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Exact name of registrant as specified in its charter)</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.397%"><tr><td style="width:1.0%"/><td style="width:24.058%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.058%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.173%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:46.211%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:stateprovnameen" id="f-8">Delaware</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityTaxIdentificationNumber" id="f-9">51-0291762</ix:nonNumeric></span></td></tr><tr><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(State or other jurisdiction of incorporation or organization)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(I.R.S. Employer Identification No.)</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:0 1pt"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressAddressLine1" id="f-10">390 Interlocken Crescent</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressCityOrTown" id="f-11">Broomfield,</ix:nonNumeric> </span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressStateOrProvince" format="ixt-sec:stateprovnameen" id="f-12">Colorado</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressPostalZipCode" id="f-13">80021</ix:nonNumeric></span></td></tr><tr><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Address of principal executive offices)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Zip Code)</span></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:246.00pt"><tr><td style="width:1.0pt"/><td style="width:121.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:121.00pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:CityAreaCode" id="f-14">(303)</ix:nonNumeric> </span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:LocalPhoneNumber" id="f-15">404-1800</ix:nonNumeric></span></td></tr><tr style="height:14pt"><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Registrant&#8217;s telephone number, including area code)</span></td></tr></table></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section&#160;12(b) of the Act:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:37.756%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.187%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:37.757%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading Symbol</span></td><td colspan="3" style="border-left:1pt solid #000000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:Security12bTitle" id="f-16">Common Stock, $0.01 par value</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:TradingSymbol" id="f-17">MTN</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000000;border-right:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="f-18">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section&#160;12(g) of the Act:</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:63.75pt"><tr><td style="width:1.0pt"/><td style="width:61.75pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None</span></td></tr><tr style="height:14pt"><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Title of class)</span></td></tr></table></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.&#160;&#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#9746;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;<ix:nonNumeric contextRef="c-1" name="dei:EntityWellKnownSeasonedIssuer" id="f-19">Yes</ix:nonNumeric>&#160;&#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#9744;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;No</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark if the registrant is not required to file reports pursuant to Section&#160;13 or Section&#160;15(d) of the Act.&#160;&#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#9744;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;Yes&#160;&#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#9746;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;<ix:nonNumeric contextRef="c-1" name="dei:EntityVoluntaryFilers" id="f-20">No</ix:nonNumeric> </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant (1)&#160;has filed all reports required to be filed by Section&#160;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2)&#160;has been subject to such filing requirements for the past 90 days.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#9746;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;<ix:nonNumeric contextRef="c-1" name="dei:EntityCurrentReportingStatus" id="f-21">Yes</ix:nonNumeric>&#160;&#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#9744;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;No</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule&#160;405 of Regulation S-T (</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#167; 232.405</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#9746;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;<ix:nonNumeric contextRef="c-1" name="dei:EntityInteractiveDataCurrent" id="f-22">Yes</ix:nonNumeric>&#160; </span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#168;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;No</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:85.964%"><tr><td style="width:1.0%"/><td style="width:24.240%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.811%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.280%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.521%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:36.144%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.304%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityFilerCategory" format="ixt-sec:entityfilercategoryen" id="f-23">Large accelerated filer</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#9746;</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accelerated&#160;filer</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#9744;</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-accelerated filer</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#9744;</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Smaller&#160;reporting&#160;company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntitySmallBusiness" format="ixt-sec:boolballotbox" id="f-24">&#9744;</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Emerging growth company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="f-25">&#9744;</ix:nonNumeric></span></div></td></tr></table></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#9744;</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant has filed a report on and attestation to its management&#8217;s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:IcfrAuditorAttestationFlag" format="ixt-sec:boolballotbox" id="f-26">&#9746;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:DocumentFinStmtErrorCorrectionFlag" format="ixt-sec:boolballotbox" id="f-27">&#9744;</ix:nonNumeric></span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant&#8217;s executive officers during the relevant recovery period pursuant to </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#167;240.10D-1(b)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityShellCompany" format="ixt-sec:boolballotbox" id="f-28">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;Yes&#160;&#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#9746;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;No </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant, based on the closing price of $222.00 per share as reported on the New York Stock Exchange Composite Tape on January&#160;31, 2024 (the last business day of the registrant&#8217;s most recently completed second fiscal quarter) was $<ix:nonFraction unitRef="usd" contextRef="c-2" decimals="0" name="dei:EntityPublicFloat" format="ixt:num-dot-decimal" scale="0" id="f-29">8,336,162,160</ix:nonFraction>.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of September&#160;23, 2024, <ix:nonFraction unitRef="shares" contextRef="c-3" decimals="0" name="dei:EntityCommonStockSharesOutstanding" format="ixt:num-dot-decimal" scale="0" id="f-30">37,485,473</ix:nonFraction> shares of the registrant&#8217;s common stock were outstanding.</span></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">DOCUMENTS INCORPORATED BY REFERENCE</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Portions of the registrant&#8217;s definitive Proxy Statement for its 2024 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission within 120 days of July&#160;31, 2024 are incorporated by reference herein into Part III, Items 10 through 14, of this Annual Report. </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_7"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Table of Contents</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:13.394%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:68.592%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.714%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_13">PART I</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;1.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_16">Business</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_16">4</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;1A.</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_22">Risk Factors</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_22">24</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;1B.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_25">Unresolved Staff Comments</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_25">37</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;1C.</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_1775">Cybersecurity</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_1775">37</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;2.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_28">Properties</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_28">39</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;3.</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_31">Legal Proceedings</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_31">42</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;4.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_34">Mine Safety Disclosures</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_34">42</a></span></div></td></tr><tr><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_37">PART II</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;5.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_40">Market for Registrant&#8217;s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_40">43</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;6.</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_43">Reserved</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_43">44</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;7.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_46">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_46">44</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;7A.</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_91">Quantitative and Qualitative Disclosures About Market Risk</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_91">62</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;8.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_94">Financial Statements and Supplementary Data</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_94">63</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;9.</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_178">Changes in and Disagreements With Accountants on Accounting and Financial Disclosure</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_178">104</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;9A.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_181">Controls and Procedures</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_181">104</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;9B.</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_184">Other Information</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_184">105</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item 9C.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_187">Disclosure Reporting Regarding Foreign Jurisdictions that Prevent Inspections</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_187">105</a></span></div></td></tr><tr><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_190">PART III</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;10.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_193">Directors, Executive Officers and Corporate Governance</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_193">105</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;11.</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_196">Executive Compensation</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_196">105</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;12.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_199">Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_199">105</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;13.</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_202">Certain Relationships and Related Transactions, and Director Independence</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_202">105</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;14.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_205">Principal Accounting Fees and Services</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_205">106</a></span></div></td></tr><tr><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_208">PART IV</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item&#160;15.</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_211">Exhibits, Financial Statement Schedules</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_211">106</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Item 16.</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_214">Form 10-K Summary</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_214">109</a></span></div></td></tr></table></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_10"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">FORWARD-LOOKING STATEMENTS</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Except for any historical information contained herein, the matters discussed or incorporated by reference in this Annual Report on Form 10-K (this &#8220;Form 10-K&#8221;) contain certain forward-looking statements within the meaning of the federal securities laws. These statements relate to analyses and other information, available as of the date hereof which are based on forecasts of future results and estimates of amounts not yet determinable. These statements also relate to our contemplated future prospects, developments and business strategies.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These forward-looking statements are identified by their use of terms and phrases such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;could,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;plan,&#8221; &#8220;predict,&#8221; &#8220;project,&#8221; &#8220;will&#8221; and similar terms and phrases, including references to assumptions. Although we believe that our plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that such plans, intentions or expectations will be achieved. Important factors that could cause actual results to differ materially from our forward-looking statements include, but are not limited to:</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries and our business and results of operations;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks associated with the effects of high or prolonged inflation, elevated interest rates and financial institution disruptions;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">unfavorable weather conditions or the impact of natural disasters or other unexpected events;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">the ultimate amount of refunds that we could be required to refund to our pass product holders for qualifying circumstances under our Epic Coverage program;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">the willingness or ability of our guests to travel due to terrorism, the uncertainty of military conflicts or public health emergencies, and the cost and availability of travel options and changing consumer preferences or discretionary spending habits;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to travel and airline disruptions, and other adverse impacts on the ability of our guests to travel;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to interruptions or disruptions of our information technology systems, data security or cyberattacks;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to our reliance on information technology, including our failure to maintain the integrity of our customer or employee data and our ability to adapt to technological developments or industry trends;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">our ability to acquire, develop and implement relevant technology offerings for customers and partners;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">the seasonality of our business combined with adverse events that may occur during our peak operating periods;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">competition in our mountain and lodging businesses or with other recreational and leisure activities;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to the high fixed cost structure of our business;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">our ability to fund resort capital expenditures, or accurately identify the need for, or anticipate the timing of certain capital expenditures;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to a disruption in our water supply that would impact our snowmaking capabilities and operations;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">our reliance on government permits or approvals for our use of public land or to make operational and capital improvements;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to resource efficiency transformation initiatives;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to federal, state, local and foreign government laws, rules and regulations, including environmental and health and safety laws and regulations;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to changes in security and privacy laws and regulations which could increase our operating costs and adversely affect our ability to market our products, properties and services effectively;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">potential failure to adapt to technological developments or industry trends regarding information technology;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">our ability to successfully launch and promote adoption of new products, technology, services and programs;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to our workforce, including increased labor costs, loss of key personnel and our ability to maintain adequate staffing, including hiring and retaining a sufficient seasonal workforce;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">our ability to successfully integrate acquired businesses, including their integration into our internal controls and infrastructure; our ability to successfully navigate new markets, including Europe; or that acquired businesses may fail to perform in accordance with expectations;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">a deterioration in the quality or reputation of our brands, including our ability to protect our intellectual property and the risk of accidents at our mountain resorts;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to scrutiny and changing expectations regarding our environmental, social and governance practices and reporting;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks associated with international operations, including fluctuations in foreign currency exchange rates where the Company has foreign currency exposure, primarily the Canadian and Australian dollars and the Swiss franc, as compared to the U.S. dollar;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">changes in tax laws, regulations or interpretations, or adverse determinations by taxing authorities;</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">risks related to our indebtedness and our ability to satisfy our debt service requirements under our outstanding debt including our unsecured senior notes, which could reduce our ability to use our cash flow to fund our operations, capital expenditures, future business opportunities and other purposes;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">a materially adverse change in our financial condition;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">adverse consequences of current or future litigation and legal claims;</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">changes in accounting judgments and estimates, accounting principles, policies or guidelines; and</span></div><div style="padding-left:45pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:32.5pt">other risks and uncertainties included under Part I, Item 1A. &#8220;Risk Factors&#8221; in this document.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, our actual results may vary materially from those expected, estimated or projected. Given these uncertainties, users of the information included or incorporated by reference in this Form 10-K, including investors and prospective investors, are cautioned not to place undue reliance on such forward-looking statements. Actual results may differ materially from those suggested by the forward-looking statements that we make for a number of reasons including those described above and in Part I, Item&#160;1A. &#8220;Risk Factors&#8221; of this Form 10-K. All forward-looking statements are made only as of the date hereof. Except as may be required by law, we do not intend to update these forward-looking statements, even if new information, future events or other circumstances have made them incorrect or misleading.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_13"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PART I</span></div><div id="ie3b544e2e7c945e991471c5324b69364_16"></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 1.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:35.36pt">BUSINESS.</span></div><div style="margin-top:15pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">General</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Vail Resorts, Inc., together with its subsidiaries, is referred to throughout this document as &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our&#8221; or the &#8220;Company.&#8221;</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Vail Resorts, Inc., a Delaware corporation, was organized as a holding company in 1997 and operates through various subsidiaries. Our operations are grouped into three reportable segments: Mountain, Lodging and Real Estate, which represented approximately 88%, 12% and 0%, respectively, of our net revenue for our fiscal year ended July&#160;31, 2024 (&#8220;Fiscal 2024&#8221;). </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Mountain segment operates 42 world-class destination mountain resorts and regional ski areas (collectively, our &#8220;Resorts&#8221;). Additionally, the Mountain segment includes ancillary services, primarily including ski school, dining and retail/rental operations.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the Lodging segment, we own and/or manage a collection of luxury hotels and condominiums under our RockResorts brand, other strategic lodging properties and a large number of condominiums located in proximity to our North American mountain resorts, National Park Service (&#8220;NPS&#8221;) concessioner properties including the Grand Teton Lodge Company (&#8220;GTLC&#8221;), which operates destination resorts in Grand Teton National Park, a Colorado resort ground transportation company and mountain resort golf courses.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We refer to &#8220;Resort&#8221; as the combination of the Mountain and Lodging segments. Our Real Estate segment owns, develops and sells real estate in and around our resort communities.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For financial information and other information about the Company&#8217;s segments and geographic areas, see Item 7. &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8221; and Item 8. &#8220;Financial Statements and Supplementary Data.&#8221;</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Mountain Segment</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the Mountain segment, the Company operates the following 42 destination mountain resorts and regional ski areas, including four resorts within the top ten most visited resorts in the United States for the 2023/2024 North American ski season:</span></div><div style="margin-top:6pt;text-align:justify"><img src="mtn-20240731_g2.jpg" alt="MAPUPDATE_20240510 (1).jpg" style="height:301px;margin-bottom:5pt;vertical-align:text-bottom;width:684px"/></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">*Denotes a destination mountain resort, which generally receives a meaningful portion of skier visits from long-distance travelers, as opposed to our regional ski areas, which tend to generate skier visits predominantly from their respective local markets. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Mountain segment derives revenue through the sale of lift tickets, including pass products, as well as a comprehensive offering of amenities available to guests, including ski and snowboard lessons, equipment rentals and retail merchandise sales, a variety of dining venues, private club operations and other winter and summer recreational activities. In addition to providing extensive guest amenities, we also lease some of our owned and leased commercial space to third party operators to add unique restaurants and retail stores to the mix of amenities at the base of our resorts.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Many of our destination mountain resorts operate year-round and provide a comprehensive resort experience to a diverse clientele with an attractive demographic profile. We offer a broad complement of winter and summer recreational activities, including skiing, snowboarding, snowshoeing, snowtubing, sightseeing, mountain biking, guided hiking, zip lines, challenge ropes courses, alpine slides, mountain coasters, children&#8217;s activities and other recreational activities. Collectively, our Resorts are located in close proximity to population centers totaling approximately 110 million people.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Destination Mountain Resorts</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Rocky Mountains (Colorado and Utah Resorts) </span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Vail Mountain Resort (&#8220;Vail Mountain&#8221;) - the most visited mountain resort in the United States (&#8220;U.S.&#8221;) for the 2023/2024 ski season. Vail Mountain offers some of the most expansive and varied terrain in North America with approximately 5,300 skiable acres including seven world renowned back bowls and the resort&#8217;s Blue Sky Basin.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Breckenridge Ski Resort (&#8220;Breckenridge&#8221;) - the second most visited mountain resort in the U.S. for the 2023/2024 ski season with five interconnected peaks offering an expansive variety of terrain for every skill level, including access to above tree line intermediate and expert terrain, and progressive and award-winning terrain parks. </span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Park City Resort (&#8220;Park City&#8221;) - the third most visited mountain resort in the U.S. for the 2023/2024 ski season and the largest by acreage in the U.S. Park City offers 7,300 skiable acres, including diverse terrain for every type of skier and snowboarder. In 2024, the International Olympic Committee selected Salt Lake City as the host for the 2034 Winter Olympics, naming Park City as an official venue for certain competitions.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Keystone Resort (&#8220;Keystone&#8221;) - the ninth most visited mountain resort in the U.S. for the 2023/2024 ski season, as well as the largest area for night skiing in Colorado. In December 2023, we completed our transformational lift-served terrain expansion project in Bergman Bowl, increasing lift-served terrain by 555 acres with the addition of a new six-</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">person high speed lift, and also providing lift-served access to Erickson Bowl. Keystone is a premier destination for families with its &#8220;Kidtopia&#8221; program focused on providing activities for kids on and off the mountain.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Beaver Creek Resort (&#8220;Beaver Creek&#8221;) - the eleventh most visited mountain resort in the U.S. for the 2023/2024 ski season. Beaver Creek is a European-style resort with multiple villages and also includes a world renowned children&#8217;s ski school program focused on providing a first-class experience with unique amenities such as a dedicated children&#8217;s gondola.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Crested Butte Mountain Resort (&#8220;Crested Butte&#8221;) - located in southwest Colorado and includes over 1,500 skiable acres and over 3,000 feet of vertical drop. Crested Butte is known for its historic town, iconic mountain peaks and legendary skiing and riding terrain.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Pacific Northwest (British Columbia, Canada)</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Whistler Blackcomb (&#8220;Whistler Blackcomb&#8221;) - located in the Coast Mountains of British Columbia, Canada, approximately 85 miles (135 kilometers) from the Vancouver International Airport, Whistler Blackcomb is the largest year-round mountain resort in North America, with two mountains connected by the PEAK 2 PEAK gondola, which combined offer over 200 marked runs, over 8,000 skiable acres (3,300 hectares), 14 alpine bowls, three glaciers and one of the longest ski seasons in North America. In the summer Whistler Blackcomb offers a variety of activities, including hiking trails, a bike park and sightseeing. Whistler Blackcomb is a popular destination for international visitors and was home to the 2010 Winter Olympics.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Lake Tahoe Resorts</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Heavenly Mountain Resort (&#8220;Heavenly&#8221;) - the twelfth most visited mountain resort in the U.S. for the 2023/2024 ski season. Located near the South Shore of Lake Tahoe with over 4,800 skiable acres, Heavenly straddles the border of California and Nevada and offers unique and spectacular views of Lake Tahoe. Heavenly offers great nightlife, including its proximity to several casinos. </span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Northstar Resort (&#8220;Northstar&#8221;) - located near the North Shore of Lake Tahoe, Northstar is the premier luxury mountain resort destination near Lake Tahoe which offers premium lodging, a vibrant base area and over 3,000 skiable acres. Northstar&#8217;s village features high-end shops and restaurants, a conference center and a 9,000 square-foot skating rink.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Kirkwood Mountain Resort (&#8220;Kirkwood&#8221;) - located about 35 miles southwest of South Lake Tahoe, offering a unique location atop the Sierra Crest, Kirkwood is recognized for offering some of the best high alpine advanced terrain in&#160;North America with 2,000 feet&#160;of vertical drop and over 2,300 skiable acres.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Switzerland</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Andermatt-Sedrun (&#8220;Andermatt-Sedrun&#8221;) - located approximately 70 miles (110 kilometers) from Zurich, Switzerland in the Ursern Valley of the Swiss Alps and approximately 200 miles (320 kilometers) from Geneva, Switzerland. Andermatt-Sedrun offers nearly 75 miles (120 kilometers) of varied terrain and a top elevation of 9,800 feet (3,000 meters) across the mountains of Andermatt, Sedrun and Gemsstock, with connected access to Disentis, which is independently owned. The ski area spans over 10 miles (16 kilometers) of scenic high alpine terrain between Andermatt and Sedrun, including the iconic Oberalp Pass, and is connected by the Matterhorn Gothard Bahn, a railway which operates year-round.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Crans-Montana Mountain Resort (&#8220;Crans-Montana&#8221;) - during Fiscal 2024, we acquired a controlling interest in Crans-Montana, marking our second owned and operated resort in Europe. Crans-Montana Mountain Resort is located in the Valais canton of Switzerland, approximately 125 miles (200 kilometers) from Geneva and approximately 190 miles (310 kilometers) from Zurich. The resort spans nearly 4,600 feet (1,400 meters) of skiable vertical terrain, and approximately 87 miles (140 kilometers) of trails. Crans-Montana has a legacy of being a renowned outdoor sports destination, having hosted signature events such as the Ski World Cup, Mountain Bike World Cup, Omega European Masters and Caprices Festival. The commune of Crans-Montana has gourmet restaurants and luxury retail stores, as well as five-star hotels, including the recently developed Six Senses lodge and spa, a luxury 45-room ski-in, ski-out chalet-style property situated above the main gondola. Additionally, the International Ski Federation Council has awarded the FIS Alpine World Ski Championships 2027 to Crans-Montana.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Regional Ski Areas</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our ski resort network allows us to connect guests with drive-to access and destination resort access on a single pass product. Building a presence near major metropolitan areas with large populations enables us to drive advance commitment pass product sales among a broad array of guests. </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Northeast</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We own and operate eight regional ski areas in the Northeast that we believe provide a compelling regional and local connection to guests within driving distance from the New York, Boston and the greater New England markets. Stowe is the premier, high-end regional ski area in the Northeast offering outstanding skiing and an exceptional base area experience. Okemo and Mount Snow are compelling regional destinations serving guests in the New York metropolitan area and throughout New England. Hunter Mountain is a day-trip ski area primarily serving the New York metropolitan area. Additionally, we own four ski areas in New Hampshire serving guests throughout New England.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Mid-Atlantic (Pennsylvania)</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We own and operate eight ski areas in the Mid-Atlantic region serving guests in Philadelphia, Pittsburgh, Southern New Jersey, Baltimore and Washington D.C. Our presence in the region allows us to offer compelling local options and easy overnight weekend and holiday trips to our premium Northeast regional ski areas, which are within driving distance from these markets. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Midwest</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We own and operate ten ski areas in the Midwest that draw guests from Chicago, Detroit, Minneapolis, St. Louis, Indianapolis, Cleveland, Columbus, Kansas City and Louisville, among others. Located within close proximity to major metropolitan markets, these ski areas provide beginners with easy access to beginner ski programs and many also offer night skiing for young adults and families. Additionally, the proximity of these ski areas to metropolitan areas allows for regular usage by avid skiers.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Pacific Northwest (U.S.)</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Stevens Pass Resort (&#8220;Stevens Pass&#8217;&#8217;) - located less than 85 miles from Seattle on the crest of Washington State&#8217;s Cascade Range, Stevens Pass offers terrain for all levels across more than 1,100 acres of skiable terrain. Stevens Pass has operated for over 80 years and is known for its numerous bowls, glades and faces, as well as extensive lighted terrain for skiing and riding well into the evening.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Australia</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Australia is an important market for both domestic skiing during the Australian winter and as a source of international visitation to the Northern Hemisphere in the Australian off-season, with typically over one million estimated Australian skier visits annually to North America, Europe and Japan. We own three of the five largest ski areas in Australia, which we serve with the Epic Australia Pass, an Australian dollar denominated pass product marketed specifically to Australian guests. Perisher, located in New South Wales, is the largest ski resort in Australia and targets guests in the Sydney metropolitan area and the broader New South Wales market, while Falls Creek and Mount Hotham are two of the largest ski areas in Victoria and target guests in the Melbourne metropolitan area and the broader Victoria market. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Ski Industry/Competition</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There are approximately 770 ski areas operating in North America with approximately 485 in the U.S., ranging from small ski area operations that service day skiers to large resorts that attract both day skiers and destination guests looking for a comprehensive vacation experience. During the 2023/2024 North American ski season, combined skier visits for all ski areas in North America were approximately 78.4&#160;million. Our North American Resorts had approximately 15.8 million skier visits during the 2023/2024 ski season, representing approximately 20.2% of North American skier visits.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There is limited opportunity for development of new destination ski resorts due to the limited private lands on which ski areas can be built, the difficulty in obtaining the appropriate governmental approvals to build on public lands and the significant capital needed to construct the necessary infrastructure. As such, there have been virtually no new destination ski resorts of scale in North America for nearly 45 years, which has allowed and should continue to allow the best-positioned destination resorts to benefit from future industry growth. Our resorts compete with other major destination mountain resorts, including, among others, Aspen Snowmass, Deer Valley, Jackson Hole, Copper Mountain, Steamboat, Winter Park, Snowbird, Palisades Tahoe, Killington, Mammoth, St. Moritz and Zermatt, as well as other ski areas in Colorado, California, Nevada, Utah, the Pacific Northwest, the Northeast, the Southwest, British Columbia, Canada, Australia and Switzerland, and other destination ski areas worldwide as well as non-ski related vacation options and destinations. Additionally, our pass products compete with other single and multi-resort frequency pass products in North America, including the IKON Pass, the Mountain Collective Pass and various regional and local pass products.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ski industry statistics stated in this section have been derived primarily from data published by the Canadian Ski Council and Kottke National End of Season Surveys as well as other industry publications.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Our Competitive Strengths</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe our premier resorts and business model differentiate our Company from the rest of the ski industry. We own and operate some of the most iconic, branded destination mountain resorts in geographically diverse and important ski destinations in North America, including Colorado, Utah, Lake Tahoe and the Pacific Northwest, including British Columbia, Canada. These resorts are complemented by regional ski areas in the Northeast, Pacific Northwest, Midwest and Mid-Atlantic regions, which are strategically positioned near key U.S. population centers, as well as three ski areas in Australia and two ski resorts in Switzerland. Through our data-driven marketing analytics and personalized marketing capabilities, we target increased penetration of ski pass products, providing our guests with a strong value proposition in return for guests committing to ski or ride at our resorts prior to, or very early into the ski season, which we believe attracts more guests to our resorts. We believe we invest in more capital improvements than our competitors and we create synergies through our owned and operated network of resorts, which enhances our profitability by enabling customers to access our network of resorts with our pass products. Many of our destination mountain resorts located in the U.S. typically rank in the most visited ski resorts in the U.S. (four of the top ten for the 2023/2024 U.S. ski season), and most of our destination mountain resorts are consistently in the top ranked ski resorts in North America according to industry surveys, which we attribute to our ability to provide a high-quality experience.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe the following factors contribute directly to each Resort&#8217;s success:</span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Exceptional Mountain Experience</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">World-Class Destination Mountain Resorts and Integrated Base Resort Areas</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our destination mountain resorts offer a multitude of skiing and snowboarding experiences for the beginner, intermediate, advanced and expert levels. Each destination mountain resort is fully integrated into expansive resort base areas offering a broad array of lodging, dining, retail, nightlife and other amenities, some of which we own or manage.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Snow Conditions</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Resorts in the Rocky Mountain region of Colorado and Utah, the Sierra Nevada Mountains in Lake Tahoe and the Coast Mountains in British Columbia, Canada generally receive abundant snowfall each year, but we have invested significantly in snowmaking systems in these areas which help to provide a more consistent guest experience, especially in the early season. We have made significant investments in our snowmaking systems within the past several years in Colorado that transformed the early-season terrain experience at Vail, Keystone and Beaver Creek. Our other ski areas receive less snowfall than our western North American mountain resorts, but we have invested in snowmaking operations at these resorts in order to provide a consistent experience for our guests. In calendar year 2024, the Company plans to invest in snowmaking projects at Park City, Hunter Mountain and Andermatt-Sedrun in order to enhance the early season guest experience. Additionally, we provide several hundred acres of groomed terrain at each of our mountain resorts with extensive fleets of snow grooming equipment.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Lift Service </span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We systematically upgrade our lifts and put in new lifts to increase uphill capacity and streamline skier traffic to maximize the guest experience. Discretionary capital expenditures expected for calendar year 2024 include, among other projects:</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing Whistler Blackcomb&#8217;s existing four-person high speed Jersey Cream lift with a new six-person high-speed lift, which is expected to provide a meaningful increase to uphill capacity and better distribute guests at a central part of the resort;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing Hunter Mountain&#8217;s existing fixed-grip four-person Broadway lift with a new high-speed six-person lift and relocating the two-person fixed-grip E lift, providing a meaningful increase in uphill capacity and improved access to terrain that is key to the progressive learning experience for our guests;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing Perisher&#8217;s Double and Triple Chairs with a new high-speed six-person lift, which is expected in advance of the 2025 winter season in Australia; and</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">preparatory work for the planned replacement of Park City&#8217;s fixed-grip two-person lift with a new ten-person Sunrise Gondola in calendar year 2025 in partnership with Canyons Village Management Association, which will provide improved access and enhanced guest experience for existing and future developments within Canyons Village.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">In the past several years, we have installed or upgraded several high speed chairlifts and gondolas across our Resorts, including five new or replacement lifts across five Resorts for the 2023/2024 North American ski season, which meaningfully increased lift capacity and reduced wait times at those lift locations. Investments in the past several years include: </span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">a new high-speed six-person lift in Bergman Bowl at Keystone;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing Breckenridge&#8217;s fixed-grip double 5-Chair with a new high-speed four-person lift;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing Whistler Blackcomb&#8217;s existing four-person high speed Fitzsimmons lift with a new high-speed eight-person lift;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing Stevens Pass&#8217; current fixed-grip double Kehr&#8217;s Chair lift with a new four-person lift;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing the three-person fixed-grip Summit Triple lift at Attitash with a new high-speed four-person lift;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">a new high-speed ten-person gondola at Whistler Blackcomb replacing the existing six-person gondola;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing Whistler Blackcomb&#8217;s existing Big Red Express high-speed four-person lift with a high-speed six-person lift;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">a new high-speed four-person lift in Vail&#8217;s Sun Down Bowl;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing the four-person lift in Vail&#8217;s Game Creek Bowl with a new high-speed six-person lift;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing Breckenridge&#8217;s fixed-grip double Rip&#8217;s Ride lift with a high-speed four-person lift;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">a new high-speed six-person chair replacing Northstar&#8217;s Comstock four-person lift;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing Heavenly&#8217;s fixed-grip triple North Bowl lift with a high-speed four-person lift;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">replacing 11 existing lifts at Stowe, Mount Snow, Attitash, Boston Mills, Brandywine, Jack Frost and Big Boulder with new high-speed and fixed-grip lifts;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the 250-acre lift-served terrain expansion in the McCoy Park area of Beaver Creek;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;&#160;&#160;&#160;&#160;a new four-person high speed lift to serve Peak 7 at Breckenridge;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;&#160;&#160;&#160;&#160;replacing the four-person Peru lift at Keystone with a six-person high speed lift;</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;&#160;&#160;&#160;&#160;replacing the Peachtree lift at Crested Butte with a new three-person fixed-grip lift; and</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;&#160;&#160;&#160;&#160;an upgrade of the four-person Quantum lift at Okemo with a six-person high speed lift, and relocating the four-person Quantum lift to replace the Green Ridge three-person fixed-grip lift.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Terrain Parks</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are committed to leading the industry in terrain park design, education and events for the growing segment of freestyle skiers and snowboarders. Each of our destination mountain resorts has multiple terrain parks that include progressively-challenging features. These park structures, coupled with freestyle ski school programs, promote systematic learning from basic to professional skills.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Extraordinary Service and Amenities</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Commitment to the Guest Experience</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our focus is to provide quality service at every touch point of the guest journey. Prior to arrival at our mountain resorts, guests can receive personal assistance through our full-service, central reservations group and through our comprehensive websites to book desired lodging accommodations, lift tickets and pass products, ski school lessons, equipment rentals, activities and other resort services. Upon arrival, our resort staff serve as ambassadors to engage guests, answer questions and foster a customer-focused environment. We are also committed to ongoing technological innovation as a means to further enhance the quality of the guest experience and continue to shape our industry and culture. We recently achieved the following technological milestones:</span></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">My Epic mobile application (&#8220;My Epic App&#8221;) - During the 2023/2024 North American ski season, we launched the My Epic App, which allows our guests to purchase their pass product or lift ticket online and access our Resorts via the new app, utilizing hands free Bluetooth&#174; technology, eliminating the need to wait in line to purchase lift tickets. In addition, the My Epic App allows guests to capture their activity on the mountain (e.g. number of ski days, vertical feet skied and chairlift activity); provides current trail maps along with real-time trail and lift status; allows guests to access real and forecasted lift line wait times; and provides information regarding parking, dining, events and other on-mountain activities. The My Epic App also provides access to My Epic Gear and My Epic Assistant, as discussed below.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">My Epic Gear membership program (&#8220;My Epic Gear&#8221;) - During the 2023/2024 North American ski season, we piloted our new gear membership program, My Epic Gear, to a limited number of Epic Pass holders at Vail, Beaver Creek, Breckenridge and Keystone. The program will be launched for the 2024/2025 ski season at 12 destination and regional resorts across North America, including kids gear, with further expansions planned for future seasons. My Epic Gear provides members with the ability to choose the gear they want from a selection of popular ski and snowboard models, and have that gear delivered to them when and where they want it, with free slopeside pick up and drop off. My Epic Gear is designed to allow users to manage their entire experience from gear selection to boot fitting to delivery all from the new My Epic App. </span></div><div style="margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">My Epic Assistant mobile application (&#8220;My Epic Assistant&#8221;) - During the 2023/2024 North American ski season, we announced the launch of the new My Epic Assistant, a new technology within My Epic App, which is scheduled to launch to a limited number of Epic Pass holders at Vail, Beaver Creek, Breckenridge and Keystone for the upcoming 2024/2025 North American ski season. Expansion of the application is planned to additional resorts in future seasons. Powered by artificial intelligence and resort experts, My Epic Assistant will provide real-time service to allow our guests to navigate their day at our resorts with confidence, efficiency and ease. Whether looking for the latest snow conditions, or on-mountain support with rentals and lessons, guests can simply open the My Epic App and use My Epic Assistant to point them in the right direction.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also solicit guest feedback through a variety of surveys and results, which are used to ensure high levels of customer satisfaction, understand trends and develop future resort programs and amenities. We then utilize this guest feedback to help us focus our capital spending and operational efforts to the areas of the greatest need.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Frontline Talent</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our talent philosophy is designed to enable us to fully achieve our mission and vision by ensuring we have the talent in place to deliver on our future growth plans, and we believe our frontline talent is a strategic advantage. Over the past several years, ongoing investments in frontline talent have driven strong staffing levels, with high engagement and season-to-season return rates, enabling our mountain resorts to deliver strong guest experience results, including on-mountain activities as well as at our restaurants, lodging, ski and ride school, and retail/rental locations. For more information, refer to the &#8220;Human Capital Management&#8221; section.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Season Pass &amp; Epic Day Pass Products</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We offer a variety of pass products, primarily season pass and Epic Day Pass products, for all of our Resorts that are marketed towards both out-of-state and international (&#8220;Destination&#8221;) guests as well as in-state and local (&#8220;Local&#8221;) guests. These pass products are available for purchase prior to the start of the ski season, offering our guests a better value in exchange for their commitment to pass products with access to our Resorts before the season begins. Our pass program drives strong customer loyalty and mitigates exposure to more weather sensitive guests, leading to greater revenue stability and allowing us to capture valuable guest data. Additionally, our pass product customers typically ski more days each season than those guests who do not buy pass products, which leads to additional ancillary spending. In addition, our pass products attract new guests to our Resorts. Our pass products generated approximately 65% of our total lift revenue for Fiscal 2024, and generated approximately 75% of total visitation (excluding complimentary access) for Fiscal 2024. Sales of pass products are a key component of our overall Mountain segment revenue and help create strong synergies among our Resorts. Our pass product offerings range from providing access for a certain number of days to one or a combination of our Resorts to our Epic Pass, which allows pass holders unlimited and unrestricted access to all of our Resorts. The Epic Day Pass is a customizable one to seven day pass product purchased in advance of the season, for those skiers and riders who want to purchase access for a certain number of days during the season, and which is available in three tiers of resort offerings. All of our various pass product options can be found on our consumer website www.snow.com. Information on our websites does not constitute part of this document.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As part of our continued strategy to drive pass product sales and create a stronger connection between key skier markets and our iconic destination mountain resorts, we have continued to expand our portfolio of properties in recent years. We acquired Crans-Montana and Andermatt-Sedrun in May 2024 and August 2022, respectively. These acquisitions represent strategic investments to operate ski resorts in Europe as a part of our continued focus to expand our network of resort offerings, which provides a differentiated suite of options to our guests. In December 2021, we acquired Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area in Pennsylvania (collectively, the &#8220;Seven Springs Resorts&#8221;), which added three regional ski areas strategically located near Pittsburgh, expanding our presence in the Mid-Atlantic region and generating incremental drive-to business from other major metropolitan areas such as Washington DC, Baltimore and Cleveland. Additionally, we enter into strategic long-term season pass alliance agreements with third-party mountain resorts, which for the 2024/2025 ski season include Telluride Ski Resort in Colorado, Hakuba Valley and Rusutsu Resort in Japan, Resorts of the Canadian Rockies in Canada, Les 3 Vall&#233;es in France, Disentis Ski Area and Verbier 4 Vall&#233;es in Switzerland, Skirama Dolomiti in Italy and Ski Arlberg in Austria, which further increase the value proposition of our pass products.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pass product holders also receive additional value in exchange for their advance commitment through our Epic Mountain Rewards program, which provides pass product holders a discount of 20% off on-mountain food and beverage, lodging, group ski school lessons, equipment rentals and more at our North American owned and operated Resorts. Epic Mountain Rewards is available for everyone who purchases an Epic Pass, Epic Local Pass, Epic Day Pass, Epic Military Pass and most of our other pass products, regardless of whether guests plan to ski one day or every day of the season.&#160;Additionally, Epic Coverage is included with the purchase of all pass products for no additional charge and provides refunds in the event of certain resort closures and certain travel restrictions, giving pass holders a refund for any portion of the season that is lost due to qualifying circumstances. Additionally, Epic Coverage provides refunds for qualifying personal circumstances including eligible injuries, job losses and other personal events.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Premier Ski Schools</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our mountain resorts are home to some of the highest quality and most widely recognized ski schools in the industry. Through a combination of outstanding training and abundant work opportunities, our ski schools have become home to many of the most experienced and credentialed professionals in the business. We complement our instructor staff with state-of-the-art facilities and extensive learning terrain, all with a keen attention to guest needs. We offer a wide variety of adult and child group and private lesson options with a goal of creating lifelong skiers and riders and showcasing to our guests all the terrain our resorts have to offer.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Dining</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Resorts provide a variety of quality on-mountain and base village dining venues, ranging from top-rated fine dining restaurants to on-mountain express service restaurants. For the 2023/2024 ski season, we operated approximately 275 dining venues at our Resorts.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Retail/Rental</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have approximately 330 retail/rental locations specializing in sporting goods including ski, snowboard and cycling equipment. Several of our rental locations offer delivery services, bringing ski and snowboard gear and expert advice directly to our guests. In addition to providing a major retail/rental presence at each of our Resorts, we also have retail/rental locations throughout the Colorado Front Range and Minneapolis. Starting with the 2023/2024 North American ski season, we piloted our new rental membership program, My Epic Gear, which reimagines the traditional gear rental and ownership model, with the goal of providing more choices, at a lower cost and less hassle to our customers. The program will be launched for the 2024/2025 ski season at 12 destination and regional resorts across North America, including kids gear, with further expansions planned for future seasons. My Epic Gear provides members with the ability to choose the gear they want from a selection of popular ski and snowboard models, and have it delivered to them when and where they want it, with free slopeside pick up and drop off.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">On-Mountain Activities</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are a ski industry leader in providing comprehensive destination vacation experiences, including on-mountain activities designed to appeal to a broad range of interests. During the winter season, in addition to our offered ski experiences, guests can choose from a variety of non-ski related activities such as snowtubing, snowshoeing, scenic snow cat tours, backcountry expeditions, horse-drawn sleigh rides and high-altitude dining. During the summer season, our mountain resorts offer non-ski related recreational activities including scenic chairlift and gondola rides, mountain biking, horseback riding, guided hiking, 4x4 Jeep tours and our Epic Discovery program at Vail Mountain, Heavenly and Breckenridge. The Epic Discovery program encourages &#8220;learn through play&#8221; by featuring extensive environmental </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">educational elements interspersed between numerous activities, consisting of zip lines, children&#8217;s activities, challenge ropes courses, tubing, mountain excursions, an alpine slide and alpine coasters. The Mountain segment also operates several company-owned mountain resort golf courses, including three in Colorado, one in Vermont and two in Pennsylvania.</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Lodging and Real Estate</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">High quality lodging options are an integral part of providing a complete resort experience. Our owned and managed properties proximate to our mountain resorts, including six RockResorts branded properties (with a seventh RockResorts property planned for opening in 2025 in Keystone, Colorado) and a significant inventory of managed condominium units, provide numerous accommodation options for our mountain resort guests. Our recent real estate efforts have primarily focused on the potential to expand our destination bed base and upgrade our resorts through the sale of land parcels to third-party developers, which in turn provides opportunity for the development of condominiums, luxury hotels, parking and commercial space for restaurants and retail shops. Our Lodging and Real Estate segments have and continue to invest in resort related assets and amenities or seek opportunities to expand and enhance the overall resort experience.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Lodging Segment</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Lodging segment includes owned and managed lodging properties, including those under our luxury hotel brand, RockResorts; managed condominium units which are in and around our mountain resorts in Colorado, Lake Tahoe, Utah, Vermont, New York, Pennsylvania and British Columbia, Canada; two NPS concessioner properties in and near Grand Teton National Park in Wyoming; a resort ground transportation company in Colorado; and company-owned and operated mountain resort golf courses managed by our Lodging operations, including two in Colorado, one in Wyoming, one in Lake Tahoe, California, and one in Park City, Utah. For additional property details, see Item 2. &#8220;Properties&#8221;.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Lodging segment currently includes approximately 5,300 owned and managed hotel rooms and condominium units. Our lodging strategy seeks to complement and enhance our mountain resort operations through our ownership or management of lodging properties and condominiums proximate to our mountain resorts and selective management of luxury resort hotels in premier destination locations.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to our portfolio of owned and managed luxury resort hotels and other hotels and properties, our lodging business also features a Colorado ground transportation company, which represents the first point of contact with many of our guests when they arrive by air to Colorado. We offer year-round ground transportation from Denver International Airport and Eagle County Airport to the Vail Valley (locations in and around Vail, Beaver Creek, Avon and Edwards) and Summit County (which includes Keystone, Breckenridge, Copper Mountain, Frisco and Silverthorne). </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Lodging Industry/Market</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Hotels are categorized by Smith Travel Research, a leading lodging industry research firm, as luxury, upper upscale, upscale, upper midscale, midscale and economy. The service quality and level of accommodations of our RockResorts&#8217; hotels place them in the luxury segment, which represents hotels achieving the highest average daily rates (&#8220;ADR&#8221;) in the industry, and includes such brands as the Four Seasons, Ritz-Carlton and Marriott&#8217;s Luxury Collection hotels. Our other hotels are categorized in the upper upscale and upscale segments of the hotel market. The luxury and upper upscale segments consist of approximately 860,000 rooms at approximately 2,800 properties in the U.S. as of July&#160;31, 2024. For Fiscal 2024, our owned hotels, which include a combination of RockResort hotels as well as other hotels in proximity to our Resorts, had an overall ADR of $317.65, a paid occupancy rate of 50.9% and revenue per available room (&#8220;RevPAR&#8221;) of $161.82, as compared to the upper upscale segment&#8217;s ADR of $225.01, a paid occupancy rate of 68.3% and RevPAR of $153.70. We believe that this comparison to the upper upscale segment is appropriate as our mix of owned hotels include those in the luxury and upper upscale segments, as well as some of our hotels that fall in the upscale segment. The highly seasonal nature of our lodging properties typically results in lower average occupancy as compared to the upper upscale segment of the lodging industry as a whole.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Competition</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Competition in the hotel industry is generally based on quality and consistency of rooms, restaurants, meeting facilities and services, the attractiveness of locations, availability of a global distribution system and price. Our properties compete within their geographic markets with hotels and resorts that include locally-owned independent hotels, as well as facilities owned or managed by national and international chains, including such brands as Four Seasons, Hilton, Hyatt, Marriott, Ritz-Carlton and Westin. Our properties also compete for convention and conference business across the national market. We believe we are highly competitive in the resort hotel niche for the following reasons:</span></div><div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">all of our hotels are located in unique, highly desirable resort destinations;</span></div><div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our hotel portfolio has achieved some of the most prestigious hotel designations in the world, including two properties in our portfolio that are currently rated as AAA 4-Diamond;</span></div><div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">many of our hotels (both owned and managed) are designed to provide a look that feels indigenous to their surroundings, enhancing the guest&#8217;s vacation experience;</span></div><div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">each of our RockResorts hotels provides the same high level of quality and services, while still providing unique characteristics which distinguish the resorts from one another. This appeals to travelers looking for consistency in quality and service offerings together with an experience more unique than typically offered by larger luxury hotel chains;</span></div><div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">many of the hotels in our portfolio provide a wide array of amenities available to the guest such as access to world-class ski and golf resorts, spa and fitness facilities, water sports and a number of other outdoor activities, as well as highly acclaimed dining options;</span></div><div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">conference space with the latest technology is available at most of our hotels. In addition, guests at Keystone can use our company-owned Keystone Conference Center, the largest conference facility in the Colorado Rocky Mountain region with more than 100,000 square feet of meeting, exhibit and function space. The Seven Springs Resorts also provide conference services, offering over 77,000 square feet of meeting and function space;</span></div><div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">we have a central reservations system that leverages our mountain resort reservations system and has an online planning and booking platform, offering our guests a seamless and useful way to make reservations at our resorts; and </span></div><div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">we actively upgrade the quality of the accommodations and amenities available at our hotels through capital improvements. Capital funding for third-party owned properties is provided by the owners of those properties to maintain standards required by our management contracts.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">National Park Concessioner Properties</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We own GTLC, which is based in the Jackson Hole area in Wyoming and operates within Grand Teton National Park under a concession agreement with the NPS with an initial term that would have expired on December 31, 2021. In June 2021, we agreed to an amendment extending the term of the agreement an additional two years, with an expiration date of December 31, 2023. Additionally, in November 2023, we agreed to an amendment to the agreement extending the term until December 31, 2024. The NPS currently expects to release a contract solicitation for the services offered by GTLC by the end of calendar year 2024. We currently expect that our existing agreement will be extended for an additional one year through December 31, 2025 due to the time needed for solicitation, preparation, review and award of a new contract. We expect the NPS to confirm this extension in the fall of 2024. We also own Flagg Ranch, located in Moran, Wyoming and centrally&#160;located between Yellowstone National Park and&#160;Grand Teton National Park&#160;on the John D. Rockefeller, Jr. Memorial Parkway (the &#8220;Parkway&#8221;). Flagg Ranch operates under a concession agreement with the NPS that expires October 31, 2028. GTLC also owns Jackson Hole Golf &amp; Tennis Club (&#8220;JHG&amp;TC&#8221;), located outside Grand Teton National Park near Jackson, Wyoming. GTLC&#8217;s operations within Grand Teton National Park and JHG&amp;TC have operating seasons that generally run from mid-May through the end of September. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We primarily compete with such companies as Aramark Parks &amp; Resorts, Delaware North Companies Parks &amp; Resorts, ExploreUS and Xanterra Parks &amp; Resorts in retaining and obtaining NPS concession agreements. Four full-service concessioners provide accommodations within Grand Teton National Park, including GTLC. In a normal operating season, GTLC offers three lodging options within Grand Teton National Park: Jackson Lake Lodge, a full-service, 385-room resort with 17,000 square feet of conference facilities; Jenny Lake Lodge, a small, rustically elegant retreat with 37 cabins; and Colter Bay Village, a facility with 166 log cabins, 66 tent cabins, 337 campsites and a 112-space recreational vehicle park. We also operate two additional campgrounds separate from these facilities: the 304-site Gros Ventre Campground and 51-site Jenny Lake Campground. GTLC offers dining options as extensive as its lodging options, with cafeterias, casual eateries and fine dining establishments. Additionally we operate 11 retail outlets located throughout the GTLC properties. GTLC&#8217;s resorts provide a wide range of activities for guests to enjoy, including cruises on Jackson Lake, boat rentals, horseback riding, guided fishing, float trips, golf and guided Grand Teton National Park tours. As a result of the extensive amenities offered, as well as </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the tremendous popularity of the National Park System, GTLC&#8217;s accommodations within Grand Teton National Park generally operate near full capacity during their operating season.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Real Estate Segment</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have extensive holdings of real property at our mountain resorts primarily throughout Summit and Eagle Counties in Colorado, as well as proximate to our resorts in Park City and Whistler Blackcomb. The principal activities of our Real Estate segment include the sale of land parcels to third-party developers and planning for future real estate development projects, including zoning and acquisition of applicable permits. We continue undertaking preliminary planning and design work on future projects and are pursuing opportunities with third-party developers rather than undertaking our own significant vertical development projects. In addition to the cash flow generated from real estate development sales, these development activities benefit our Mountain and Lodging segments by (1) creating additional resort lodging and other resort related facilities and venues (primarily restaurants, spas, commercial space, private mountain clubs, skier services facilities and parking structures) that provide us with the opportunity to create new sources of recurring revenue, enhance the guest experience and expand our destination bed base; (2) controlling the architectural themes of our resorts; and (3) expanding our property management and commercial leasing operations.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Marketing and Sales</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Mountain segment&#8217;s marketing and sales efforts are focused on leveraging marketing analytics to drive targeted and personalized marketing to our existing and prospective guests. We capture guest data on the vast majority of guest transactions through sales of our pass products, lift tickets, ski and ride school products, gear rentals, and lodging properties on our e-commerce platform, as well as through our mobile applications and our lift ticket windows. We promote our Resorts using guest-centric omni-channel marketing campaigns leveraging email, direct mail, promotional programs, digital marketing (including social, search and display) and traditional media advertising where appropriate (e.g. targeted print, TV and radio). We also have marketing programs directed at attracting groups, corporate meetings and convention business. Most of our marketing efforts drive traffic to our websites, where we provide our guests with information regarding each of our Resorts, including services and amenities, reservations information, virtual tours and the opportunity to book/purchase our full suite of products (e.g. lift access, lodging, ski and ride school, rentals, etc.) for their visits.&#160;We also enter into strategic alliances with companies to enhance the guest experience at our Resorts, as well as to create opportunities for cross-marketing.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For our Lodging segment, we promote our hotels and lodging properties through marketing and sales programs, which include marketing directly to many of our guests through our digital channels (search, social and display), promotional programs and print media advertising, all of which are designed to drive traffic to our websites and central reservations call center. We also promote comprehensive vacation experiences through various package offerings and promotions (combining lodging, lift tickets, ski school lessons, ski rental equipment, transportation and dining). In addition, our hotels have active sales forces to generate conference and group business. We market our resort properties in conjunction with our mountain resort marketing efforts where appropriate, given the strong synergies across the two businesses.&#160;</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Across both the Mountain and Lodging segments, sales made through our websites and call center allow us to transact directly with our guests, which further expands our customer base and enables analytics to deliver an increasingly guest-centric marketing experience. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Seasonality</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ski resort operations are highly seasonal in nature, with a typical ski season in North America and Europe generally beginning in mid-November and running through mid-April. In an effort to partially mitigate the concentration of our revenue in the winter months in North America, we offer several non-ski related activities in the summer months such as sightseeing, mountain biking, guided hiking, mountain coasters, ziplines, golf (primarily included in the operations of the Lodging segment) and our Epic Discovery program. These activities also help attract destination conference and group business to our Resorts in our off-season. In addition, the operating results of our Australian Resorts, for which the ski season generally occurs from June through early October, partially counterbalances the concentration of our revenues during this seasonally lower period in North America. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our lodging business is also highly seasonal in nature, with peak seasons primarily in the winter months (with the exception of GTLC, Flagg Ranch, certain managed properties and mountain resort golf operations). We actively promote our extensive conference facilities and have added more off-season activities to help offset the seasonality of our lodging business. Additionally, we operate several golf courses proximate to our Resorts, as described above.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Sustainability &amp; Social Responsibility</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Sustainability remains a core philosophy for us. As a company rooted in the great outdoors, we have a unique responsibility to protect and preserve the incredible environments in which we operate. Our corporate sustainability and social responsibility program, EpicPromise, is comprised of four key pillars of our promise: Sustainability, Community Support, Employee Foundation, and Inclusive Access. The environment is our business, and we focus on climate change mitigation and adaptation, resource conservation and building stronger local communities through contributions to local non-profit organizations. Our sustainability efforts are diverse and touch nearly every area of our operations. In 2017, we launched Commitment to Zero, our pledge to have a zero net operating footprint by 2030. This commitment includes (i) achieving zero net emissions by finding operational energy efficiencies, investing in renewable energy and investing in offsets and other emissions reduction projects, (ii) zero waste to landfill and (iii) zero net operating impact to forests and habitat by restoring an acre of forest for every acre displaced by our operations. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a result of this commitment, Vail Resorts was accepted as the first travel and tourism company into RE100, a collaborative initiative uniting more than 400 global and influential businesses committed to 100% renewable electricity. During Fiscal 2024, we continued to make progress toward our Commitment to Zero goals. Specifically, we focused on reducing waste to landfill and expanding our robust composting and recycling programs. As a result of our waste reduction efforts, we were a finalist for the National Ski Area Association&#8217;s (&#8220;NSAA&#8221;) Golden Eagle Overall Environmental Excellence Award at the 2024 NSAA annual conference. Additionally, during Fiscal 2024, we continued to procure renewable electricity from the 82-turbine Plum Creek Wind project we enabled, and the Elektron Solar Project we helped enable began operation in May 2024 and will provide Park City Mountain with 100% clean renewable electricity on the same utility grid Park City Mountain operates. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For over five years, Vail Resorts has been a member and active leader of the Mountain Collaborative for Climate Action, working with leaders from Alterra Mountain Company, Boyne Resorts and POWDR to develop an industry-driven climate commitment. As the ski industry&#8217;s first unified effort to combat climate change, this group continues to advocate for climate-smart policy, innovative waste reduction, and deepened sustainability within the partners&#8217; respective operations. This partnership leverages our leadership in sustainability and is expected to accelerate our collective progress, leading the industry toward long-term transformational change.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, during Fiscal 2024 we sponsored the reforestation of 10 acres in California and Minnesota that were previously impacted by wildfire or in need of native habitat restoration and forest resilience, which addressed 100% of the forests permanently impacted by our operations throughout the year. Through direct EpicPromise grants and contributions from our $1 guest donation program, we partnered with several local environmental organizations to fund environmental stewardship projects, including the National Forest Foundation, the Tahoe Fund, Grand Teton National Park Foundation, Mountain Trails Foundation in Park City and the EnviroFund at Whistler Blackcomb. We also encouraged our employees to help protect the environment and support their local community by volunteering with various local organizations. Vail Resorts was recognized by Newsweek as one of the &#8220;Most Trustworthy Companies in America&#8221; in both 2024 and 2023, which we believe reflects our focus on building customer, investor, and employee trust through listening, learning and adapting to the needs of our team members and guests, while remaining responsible stewards through our industry-leading sustainability efforts.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For Fiscal 2024, our focus for the EpicPromise community impact grant program focused on larger grants in key communities to support housing and childcare. In addition, support continues to be given for food security, equal access to education and other basic needs and services. In the third year of our Epic for Everyone Youth Access in partnership with the Katz Amsterdam Foundation, we hosted 2,584 urban youth to attend a 5-day snowsports program. We also continued our legacy access program with more than 12,000 youth participating in multi-day programs focused on mentorship, leadership and the beneficial impact of outdoor time on mental health. Finally, our EpicPromise Employee Foundation (the &#8220;Foundation&#8221;), which was established in 2015, is a charitable foundation funded by annual contributions from the Company, its employees and its guests. The Foundation supports Vail Resorts&#8217; employees and their families via grants for emergency relief and scholarships. Annually more than $1.0 million in grants and scholarships are provided to help employees in times of need or to pursue educational opportunities. For more information on both the Foundation and our environmental stewardship, visit www.vailresorts.com. Information on our websites does not constitute part of this document.</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Human Capital Management</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At Vail Resorts, our talent philosophy is designed to enable us to fully achieve our mission and vision by ensuring we have the talent in place to deliver on our future growth plans. We are truly passionate about our people, and we are focused on attracting, developing and retaining the best talent and building the best teams around them. At fiscal year end, we employed approximately 7,600 year-round employees. Over the course of our Resorts&#8217; various winter and summer operating seasons in Fiscal 2024, we employed approximately 44,900 seasonal employees. In addition, we employed approximately 300 year-round </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">employees and 200 seasonal employees on behalf of the owners of our managed hotel properties. We consider our employee relations to be positive.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Over the past several years, ongoing investments in frontline talent have driven strong staffing levels, with high engagement and season-to-season return rates, enabling our mountain resorts to deliver strong guest experience results, including on-mountain activities as well as at our restaurants, lodging, ski and ride school, and retail/rental locations. These investments included: (i) competitive wages and benefits for all of our hourly employees, including seasonal frontline staff; (ii) investments in our human resource systems and processes to support full staffing and deliver enhanced employee experience; (iii) differentiated frontline training and leadership development programming; (iv) mental health and wellness programming available for all employees, even if they are not enrolled in an employer-sponsored healthcare plan, which includes free mental health therapy sessions; and (v) unique employee benefits, including ski passes for employees and dependents, complementary ski/ride coupons and a 40% discount for retail and rental gear. Collectively, we believe these investments helped attract top frontline talent from the external market and drove strong frontline retention and return rates.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Vail Resorts talent philosophy recognizes that people are our most important asset in driving our business growth, and outlines the role that leaders play in attracting, developing, engaging, retaining and rewarding high performing, high potential talent, including supporting them to achieve their future career growth. Our talent management system equips leaders with programs and tools to effectively assess, develop and reward talent and includes regular leadership talent review and assessment processes to ensure that the caliber and capability of our talent aligns with the sophistication of our business strategies and processes. We also offer a variety of leadership development programs, which are available to everyone from entry-level seasonal frontline employees to our most senior executives. Our executive team reviews talent strategy and succession planning frequently, including with our Board of Directors, to assess current and future talent needs. We have a strong track record of hiring, developing and preparing high performing, high potential talent for internal mobility and succession. As a result, succession for our year-round senior leadership roles is primarily sourced through internal talent development and promotion, rather than external hires, with an internal fill rate of approximately 80% for Fiscal 2024. Our Chief Executive Officer was an internal successor appointed in November 2021, and over the past year, internal successors were selected for some of the most senior roles in our Company, including the Chief Information Officer and the General Counsel. Nearly all of our appointments of General Managers and Chief Operating Officers of our Resorts for the past three years came from internal succession. Additionally, in December 2022 we appointed a new Executive Vice President and Chief Financial Officer who had previously been with the Company for more than ten years, serving in various senior finance leadership roles.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To ensure we are building high performing teams, we encourage every employee at every level within the Company to continuously grow their leadership by participating in ongoing events that build leadership capability and drive aligned leadership expectations to enable business outcomes. We host an annual leadership summit that brings together our leaders at the director level and above to build understanding and alignment to business priorities, explore emerging leadership topics and build connections across our growing global business and organization. In 2024, we expanded the leadership summit population of employees to include all manager level and above, creating separate, regional, in-person experiences for managers and senior managers across the Company to engage in leadership topics and connection opportunities relevant to their unique leadership roles. We offer ongoing digital leadership series discussions led by our executive team members and enterprise senior leaders for this same population throughout the year and equip leaders with tools and guides to share learnings and insights from these sessions in dialogue with their teams for the benefit of the entire organization. Our leadership philosophy has a very strong emphasis on emotional intelligence and a leader&#8217;s ability to understand their own impact on others, and shape that impact to unlock the potential of their teams.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We offer a broad range of professionally designed leadership development programs, with differentiated development for our highest performing, highest potential employees who make up our long-term leadership succession pipeline. Building upon our culture of leadership development for seasonal, frontline talent, we also provide our signature &#8220;Epic Service&#8221; training. This program inspires and equips frontline talent, who play the most important role in delivering a differentiated guest experience, to practice service-based leadership. We reinforce the principles of this program through a daily in-resort frontline recognition program and manager-led career development conversations for frontline staff. The full Epic Service development platform enables employees to choose curated learning experiences in Leadership, Guest Service and Business &#8211; that align with their motivations and career goals. Results are measured by completion of required training, utilization and impact of the Epic Service recognition program, employee engagement scores, internal frontline talent promotion rates, pipeline readiness of top internal frontline talent for frontline leader roles, and Guest Experience and Net Promoter Scores.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We leverage a quarterly continuous listening survey to measure and understand the key drivers of sustainable engagement among our employees, make timely adjustments to maintain strong alignment, and to care for the needs of our employees. </span></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Vail Resorts Culture</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Core to our human capital management strategy is our mission &#8211; to create an </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Experience of a Lifetime</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for our employees so they can in turn create an </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Experience of a Lifetime</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for our guests. We have a values based leadership culture that places a premium on leader transparency, vulnerability and authenticity. We look for people to join Vail Resorts who are brave, passionate and ambitious. As Vail Resorts employees, we hold ourselves accountable for living these seven core values every day in everything we do: Serve Others, Do Right, Do Good, Be Safe, Have Fun, Be Inclusive and Drive Value. </span></div><div><span><br/></span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Diversity, Equity and Inclusion</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe that diversity, equity and inclusion (&#8220;DEI&#8221;) is core to both our company success and the future growth of our industry. At Vail Resorts, one of our core values is &#8220;Be Inclusive,&#8221; which means that we expect everyone at our Company to be welcoming to others, including all races, gender identities, sexual orientations, abilities and other differences. We have a specific leadership competency, &#8220;Elevate,&#8221; which requires that all our leaders are self-aware of their own inclusive behavior so they can intentionally build diverse representation, bring equity to our business practices, and create inclusive communities in which all people can thrive. We are focused on continuing to move from accountability to action and have added &#8220;Elevate&#8221; as a competency in our annual performance management process for all employees.&#160;&#160;&#160;&#160;</span></div><div style="text-align:center"><img src="mtn-20240731_g3.jpg" alt="11544872209249" style="height:264px;margin-bottom:5pt;vertical-align:text-bottom;width:240px"/><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</span><img src="mtn-20240731_g4.jpg" alt="11544872209267" style="height:264px;margin-bottom:5pt;vertical-align:text-bottom;width:240px"/></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have a long history of building gender diversity throughout the Company. Women represent 54% of our corporate senior leaders at the director level and above and 52% of our corporate roles generally. Eight resorts in our portfolio are led by women, including five of our twelve destination mountain resorts (Vail, Park City, Keystone, Crested Butte, and Whistler Blackcomb). Six of the twelve directors on our Board are women, seven of our twelve executive committee members are women, we are one of only a few Fortune 1000 companies with women in both the Chief Financial Officer and Chief Executive Officer positions, and our Chief Executive Officer, Kirsten Lynch, is the only woman in our industry to head a Fortune 1000 company. While women currently represent approximately 22% of mountain operations senior leadership roles, we continue to strive to bring more gender diversity to these roles, which have historically been male-dominated. We have also developed women in leadership programs and a Women and Allies Employee Resource Group to foster an inclusive culture and ensure equity of our talent practices. Employee Resource Groups and Affinity Groups are part of a framework for under-represented talent to create a community with people who share those parts of their identity and their allies. Collectively, we refer to Employee Resource Groups and Affinity Groups as the &#8220;Employee Inclusion Network.&#8221; An Affinity Group is an employee-led group that provides voluntary connection opportunities for our employees to build supportive relationships with colleagues who identify similarly to one another. An Employee Resources Group is an employee-led group focused on driving systemic change through data-driven recommendations to processes, policies and programs to further Company goals of equity and inclusion. Our Employee Inclusion Network is currently made up of two Employee Resource Groups (Women and Allies &amp; Rainbow Room) and four Affinity Groups (Black Employee Network; Veterans, Partners and Allies; Asian and Pacific Islander and Allies; and La Comunidad - Latine/Hispanic Employees).</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Building on our success with increasing representation of women, we are focused on improving racial diversity at Vail Resorts, as well as in our communities and our industry. We recognize that the future of the sport is inclusion, and the industry is facing a business imperative to inspire the next generation of diverse skiers and riders to join the sport. In the 2023/2024 North American ski season, our youth access programs served more than 12,000 youth who may not have otherwise had access to the sport from across 32 of our mountain communities, including Vail, Heavenly, and Park City, as well as from cities surrounding our regional ski areas, such as Boston, New York, Chicago, Detroit, Philadelphia, St. Louis, and more. Additionally, Vail Resorts offers the adaptive pass with discounted pricing for individuals with permanent disability to enjoy unlimited, </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">unrestricted access to all Vail Resorts owned and operated resorts plus limited access at partner resorts including Telluride Ski Resort in Colorado and Resorts of the Canadian Rockies. This year, nearly 3,400 Epic Adaptive passes were sold, and the Company continues to deepen partnerships with over 50 nonprofit organizations to offer adaptive programming for those with physical and mental barriers, providing impactful in-kind support including lift tickets, ski passes, and office space. Keystone was also selected by the National Brotherhood of Snowsports (&#8220;NBS&#8221;) as the host site for the 2025 NBS Summit to continue the welcoming experience the NBS community had at Vail Mountain in 2023. In service of this vision for the future of the sport, Vail Resorts is investing in building purposeful representation of talent from under-represented communities, embedding equity into leadership competencies and talent processes, and fostering an environment of inclusion where all employees are empowered to bring their full selves to work. Over the past four years, we have increased the representation of talent from under-represented communities in our senior leader positions, built leader capability to &#8220;Lead with Equity,&#8221; and ensured employees have the opportunity to connect and engage with peers who share an identity through the aforementioned Employee Inclusion Network. As part of our commitment to driving sustainable change, we are listening and learning as a company, and the Company is part of CEO Action, Colorado Inclusive Economy and Civic Alliance.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are committed to providing our employees with an </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Experience of a Lifetime</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. We have a holistic set of total rewards programs designed to support all aspects of that experience for people of all races and genders, and we strive for competitiveness against the external market for talent. In addition, as part of our &#8220;Be Inclusive&#8221; core value, we conduct regular pay equity audits and make adjustments as needed.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Code of Conduct states that every employee is entitled to work in a respectful environment that is free of harassment and discrimination and we require our full-time, year-round employees, as well as certain seasonal employees, to complete a Code of Conduct training on an annual basis. This annual requirement includes training on various topics, such as financial integrity, information security, ethical leadership and anti-harassment. In Fiscal 2024, the training was completed by 98% of this employee base. </span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Mountain Safety</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The nature of our on-mountain operations comes with inherent safety risks, and the health and safety of our employees is a top priority. It is the shared responsibility of every employee to actively participate in creating a safe and secure environment and to minimize injuries. To that end, we routinely:</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">provide resources and education to promote safe operating environments at our resorts, including compliance with Occupational Safety and Health Administration standards, as well as to improve overall workplace safety and health. This includes regular and ongoing safety training and assessments as well as safety audits, and all employees are required to take annual slope safety training;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">proactively assess risks to identify and mitigate unsafe conditions and integrate learnings from incidents to prevent future occurrences across our network of resorts; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">hire and train a dedicated health and safety team that oversees resort operations as well as highly trained ski patrol professionals at each resort.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Employee Housing</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While identifying and securing affordable housing options is challenging in some of the communities in which we operate, providing frontline employees affordable housing in our resort communities is a critical aspect of the employee value proposition. For the 2024/2025 North American ski season, we expect to serve approximately 6,100 frontline team members with affordable housing across our Resorts, as well as an additional 1,200 team members at GTLC for the 2025 summer season.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Intellectual Property</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The development of intellectual property is part of our overall business strategy, and we regard our intellectual property as an important element of our success. Accordingly, we protect our intellectual property rights and seek to protect against its unauthorized use through international, national and state laws and common law rights. We file applications for and obtain trademark registrations and have filed for patents to protect inventions and will continue to do so where appropriate. We also seek to maintain our trade secrets and confidential information by nondisclosure policies and through the use of appropriate confidentiality agreements and contractual provisions.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the highly competitive industry in which we operate, trademarks, service marks, trade names and logos are very important in the sales and marketing of our pass products, destination mountain resorts and regional ski areas, lodging properties and services. We seek to register and protect our trademarks, service marks, trade names and logos and have obtained a significant number of registrations for those trademarks. We believe our brands have become synonymous in the travel and leisure industry </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">with a reputation for excellence in service and authentic hospitality. Among other national and international trademark registrations, the Company owns U.S. federal registrations for </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Epic</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">, Epic Pass</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">, Vail Resorts</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">, Vail</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">, Beaver Creek</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">, Breckenridge</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">, Keystone</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Crested Butte &amp; Design</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-style:italic;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">, Kirkwood &amp; Design</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-style:italic;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> Heavenly</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The Company also owns Canadian and U.S. trademark registrations for the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Whistler Blackcomb &amp; Design</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> name and logo, and Swiss trademark registrations for the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">CMA Group</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> Giorgio Rocca</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">name and logos.</span></div><div id="ie3b544e2e7c945e991471c5324b69364_19"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Environmental Compliance and other Laws and Regulations</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our operations are subject to federal, state and local laws and regulations governing the environment, including laws and regulations governing water and sewer discharges, water use, air emissions, soil and groundwater contamination, the maintenance of underground and aboveground storage tanks and the disposal of waste and hazardous materials. Examples of such laws and regulations in the U.S. include the National Environmental Policy Act (NEPA), the California Environmental Quality Act and the Vermont Land Use and Development Act. Internationally, we are subject to the Forest and Range Practices Act and Watershed Sustainability Act in British Columbia as well as the Environmental Planning and Assessment Act 1979 (NSW, Australia) and the Environment Protection Act 1970 and the Environment Protection and Biodiversity Conservation Act 1999 (Victoria, Australia). We are also required to comply with all Swiss regulations, including federal acts and ordinances, as well as Cantonal authorities.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Various federal, state, local and provincial regulations also govern our resort operations, including liquor licensing and food safety regulations applicable to our food and beverage operations and safety standards relating to our lift operations and heli-ski operations at Whistler Blackcomb. In addition, each resort is subject to and must comply with state, county, regional and local government land use regulations and restrictions, including, for example, employee housing ordinances, zoning and density restrictions, noise ordinances and wildlife, water and air quality regulations. We believe that we are in compliance, in all material respects, with environmental and other laws and regulations. Compliance with such provisions has not materially impacted our capital expenditures, earnings, or competitive position, and we do not anticipate that it will have a material impact in the future.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Contracts with Governmental Authorities for Resort Operations</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">U.S. Forest Service Resorts</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The operations of Breckenridge, Vail Mountain, Keystone, Crested Butte, Stevens Pass, Heavenly, Kirkwood, Mount Snow, Attitash and portions of Beaver Creek and Wildcat are conducted on land under the jurisdiction of the U.S. Forest Service (collectively, the &#8220;Forest Service Resorts&#8221;). The 1986 Ski Area Permit Act (the &#8220;1986 Act&#8221;) allows the Forest Service to grant Term Special Use Permits (each, a &#8220;SUP&#8221;) for the operation of ski areas and construction of related facilities on National Forest lands. In November 2011, the 1986 Act was amended by the Ski Area Recreational Opportunity Enhancement Act (the &#8220;Enhancement Act&#8221;) to clarify the Forest Service&#8217;s authority to approve facilities primarily for year-round recreation. Under the 1986 Act and the Enhancement Act, the Forest Service has the authority to review and approve the location, design and construction of improvements in the permit area and many operational matters.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Each individual national forest is required by the National Forest Management Act to develop and maintain a Land and Resource Management Plan (a &#8220;Forest Plan&#8221;), which establishes standards and guidelines for the Forest Service to follow and consider in reviewing and approving our proposed actions.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Each of the Forest Service Resorts operates under a SUP, and the acreage and expiration date information for each SUP is as follows:</span></div><div style="margin-top:11pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:48.391%"><tr><td style="width:1.0%"/><td style="width:39.081%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.537%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:39.082%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Forest Service Resort </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acres</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Expiration Date</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Breckenridge</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,702</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 31, 2029</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vail Mountain</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,353</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 1, 2031</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Keystone</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,376</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 31, 2032</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Beaver Creek</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,801</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">November 8, 2039</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Heavenly</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,050</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">May 1, 2042</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mount Snow</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">894</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 4, 2047</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Attitash</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">279</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 4, 2047</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Wildcat</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">953</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">November 18, 2050</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Kirkwood</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,330</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">March 1, 2052</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stevens Pass</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,443</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">August 31, 2058</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Crested Butte</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,350</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">September 27, 2058</span></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We anticipate requesting a new SUP for each Forest Service Resort prior to its expiration date as provided by Forest Service regulations and the terms of each existing SUP. We are not aware of the Forest Service refusing to issue a new SUP to replace an expiring SUP for a ski resort in operation at the time of expiration. The Forest Service can also terminate a SUP if it determines that termination is required in the public interest. However, to our knowledge, no SUP has ever been terminated by the Forest Service over the opposition of the permit holder.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Each SUP contains a number of requirements, including indemnifying the Forest Service from third-party claims arising out of our operation under the SUP and compliance with applicable laws, such as those relating to water quality and endangered or threatened species. For use of the land authorized by the SUPs, we pay a fee to the Forest Service ranging from 1.5% to 4.0% of adjusted gross revenue for activities authorized by the SUPs. Included in the calculation are sales from, among other things, lift tickets, pass products, ski school lessons, food and beverage, certain summer activities, equipment rentals and retail merchandise.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The SUPs may be revised or amended to accommodate changes initiated by us or by the Forest Service to change the permit area or permitted uses. The Forest Service may amend a SUP if it determines that such amendment is in the public interest. While the Forest Service is required to seek the permit holder&#8217;s consent to any amendment, an amendment can be finalized over a permit holder&#8217;s objection. Permit amendments must be consistent with the Forest Plan and are subject to the provisions of the National Environmental Policy Act (&#8220;NEPA&#8221;), both of which are discussed below.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 1986 Act requires a Master Development Plan (&#8220;MDP&#8221;) for each ski area that is granted a SUP, and all improvements that we propose to make on National Forest System lands under any of our SUPs must be included in a MDP, which describes the existing and proposed facilities, developments and area of activity within the permit area. The MDPs are reviewed by the Forest Service for compliance with the Forest Plan and other applicable laws and, if found to be compliant, are accepted by the Forest Service. Notwithstanding acceptance by the Forest Service of the conceptual MDPs, individual projects still require separate applications and compliance with NEPA and other applicable laws before the Forest Service will approve such projects. We update or amend our MDPs for our Forest Service Resorts from time to time. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Whistler Blackcomb</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Whistler Blackcomb is comprised of two mountains: Whistler Mountain and Blackcomb Mountain. Whistler Mountain and Blackcomb Mountain are located on Crown Land within the traditional territory of the Squamish and Lil&#8217;wat Nations. The relationship between Whistler Blackcomb and Her Majesty, the Queen in Right of British Columbia (the &#8220;Province&#8221;) is largely governed by Master Development Agreements (the &#8220;MDAs&#8221;) between the Province and Whistler Mountain Resort Limited Partnership (&#8220;Whistler LP&#8221;) with respect to Whistler Mountain, and between the Province and Blackcomb Skiing Enterprises Limited Partnership (&#8220;Blackcomb LP&#8221;) with respect to Blackcomb Mountain. Together, Whistler LP and Blackcomb LP are referred to as the &#8220;Partnerships.&#8221;</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The MDAs, which were entered into in February 2017, have a term of 60 years (expiring on February 23, 2077) and are replaceable for an additional 60 years by option exercisable by the Partnerships after the first 30 years of the initial term. In </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">accordance with the MDAs, the Partnerships are obligated to pay annual fees to the Province at a percentage of gross revenues related to the operation of certain activities at Whistler Blackcomb.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The MDAs require that each of the mountains be developed, operated and maintained in accordance with its respective master plan, which contains requirements as to matters such as trail design and development, passenger lift development and environmental concerns. The MDAs grant a general license to use the Whistler Mountain lands and the Blackcomb Mountain lands for the operation and development of Whistler Blackcomb. The MDAs also provide for the granting of specific tenures of land owned by the Province to the Whistler LP or the Blackcomb LP, as applicable, by way of rights-of-way, leases or licenses. Each Partnership is permitted to develop new improvements to Whistler Mountain or Blackcomb Mountain, as the case may be, within standard municipal type development control conditions. We are obligated to indemnify the Province from third-party claims arising out of our operations under the MDAs.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Northeast Resorts</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Stowe and Okemo operate partially on land that we own and partially on land we lease from the State of Vermont. With respect to Stowe, the land we own is on the Spruce Peak side of the resort while the land we lease from the State of Vermont is located on Mt. Mansfield in the Mt. Mansfield State Forest. The initial ten-year term of the lease commenced in June 1967, and the lease provides for eight separate ten-year extension options. The current term of the lease extends through June 2027, and there are three remaining ten-year extension options. With respect to Okemo, we own the Jackson Gore base area land and lease most of the skiable terrain from the State of Vermont. The initial ten-year term of the lease commenced in December 1963, and the lease provides for eight separate ten-year extension options. The current term of the lease extends through December 2033, and there are two remaining ten-year extension options. Under both leases, the land can be used for the development and operation of a ski area including ski trails, ski lifts, warming shelters, restaurants and maintenance facilities. For use of the land under the leases, we pay a fee to the State of Vermont based on revenue for activities authorized by the lease, such as lift tickets, pass products, food and beverage, summer activities and retail merchandise. We are obligated to indemnify the State of Vermont from third-party claims arising out of our operations under the lease.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mount Sunapee lies within the Mount Sunapee State Park and operates on land that we lease from the State of New Hampshire. The initial twenty-year term of the lease commenced in July 1998, and the lease provides for three separate ten-year extension options. The current term of the lease extends through June 2028, and there are two remaining ten-year extension options. The land can be managed and operated as a ski area and summer recreational facility, including all of its support activities, to provide year-round outdoor recreation. For use of the land under the lease, we pay a fee to the State of New Hampshire that includes both a base fee and a fee based on revenue from activities authorized by the lease, such as lift tickets, pass products, food and beverage, summer activities and retail merchandise. We are obligated to indemnify the State of New Hampshire from third-party claims arising out of our operations under the lease.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Laurel Mountain</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Laurel Mountain Ski Area operates within Laurel Mountain State Park (&#8220;State Park&#8221;) under a Concession Lease Agreement (the &#8220;Lease Agreement&#8221;) with the Commonwealth of Pennsylvania, acting through the Department of Conservation and Natural Resources (&#8220;Department&#8221;). The Lease Agreement, first entered into on October 15, 2018, allows for ski operations on approximately 387 acres of the State Park, including the existing ski area, buildings and equipment owned by the Department. The Lease Agreement is automatically renewed for a total of 35 one-year terms through October 31, 2051. We pay a fixed annual rent, as well and an additional amount based on the number of skier visits, with a cap subject to semi-annual consumer price index adjustments.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Australian Resorts</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Perisher is located in the Kosciuszko National Park, the largest national park in New South Wales, Australia. The resort includes four villages (Perisher Valley, Smiggin Holes, Guthega and Blue Cow) and their associated ski fields, as well as the site of the Skitube Alpine Railway at Bullock&#8217;s Flat, which is accredited in accordance with the Rail Safety National Law (NSW) No. 82a. The Office of Environment and Heritage (&#8220;OEH&#8221;), an agency of the New South Wales government, which is part of the Department of Planning and Environment, is responsible for the protection and conservation of the Kosciuszko National Park. The National Parks and Wildlife Act 1974 (NSW) (&#8220;NPW Act&#8221;) establishes the National Parks and Wildlife Service and is responsible for the control and management of the Kosciusko National Park.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The NPW Act requires the Kosciuszko National Park to be managed in accordance with the principles specified in that legislation, including the provision for sustainable visitor or tourist use and enjoyment that is compatible with the conservation of the national park&#8217;s natural and cultural values. The legislation also authorizes the Minister for the Environment and the Minister for Heritage (the &#8220;Minister&#8221;) to grant leases and licenses of land within the Kosciuszko National Park for various </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">purposes, including for purposes related to sustainable visitor or tourist use and enjoyment. Under this power, the Minister has granted to Perisher a lease and a license of specified land within the Kosciusko National Park until June 30, 2048, with an option to renew for an additional period of 20 years. The Minister has also granted Perisher a lease of the parking lot at Perisher Valley that expires on December 31, 2025. Subject to certain conditions being met, the lease for the Perisher Valley parking lot can be extended until June 30, 2048, with an option to renew for a further 20 years. The lease and license provide for the payment of a minimum annual base rent with periodic increases in base rent over the term, turnover rent payments based on a percentage of certain gross revenue, remittance of park user fees and certain other charges, also subject to periodic increases over the term.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Falls Creek and Hotham are located in the Alpine National Park in Victoria, Australia. Falls Creek and Hotham both operate on Crown land permanently reserved under the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Crown Land (Reserves) Act 1978 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Vic), with the exception of three small parcels of freehold land within the Hotham resort area.&#160;Each resort is subject to the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Alpine Resorts (Management) Act 1997 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Vic) (the &#8220;ARM Act&#8221;), which is in place to manage the development, promotion, management and use of the resorts on a sustainable basis and in a manner that is compatible with the alpine environment. The ARM Act established the Alpine Resorts Commission to plan for the direction and sustainable growth of Victoria&#8217;s five alpine resorts (including Falls Creek and Hotham). This includes review and coordination of the implementation of an Alpine Resorts Strategic Plan to which Falls Creek and Hotham are subject.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ARM Act also established each of the Falls Creek Resort Management Board and Hotham Resort Management Board (the &#8220;RMBs&#8221;), each of which is appointed by, and responsible to, the Minister for Energy, Environment and Climate Change (the &#8220;Minister&#8221;). The RMBs are responsible for the management and collection of fees for entrance into the Alpine National Park and from Falls Creek and Hotham ski resorts.&#160;The ARM Act authorizes the RMBs to grant leases subject to Ministerial approval, and under this power, the entities operating the Hotham and Falls Creek resorts have each been leased land within the Alpine National Park under various long-term leases with differing expiration dates. The main lease for the ski field at Falls Creek expires December 31, 2040, while the main lease for the ski field at Hotham expires December 31, 2057. The key ski field leases provide for the payment of rent with both a fixed and variable component, a community service charge payable to the ARCC and a ski patrol contribution payable to RMBs. At Hotham, we also lease land known as &#8216;Dinner Plain&#8217; within the Alpine National Park which expires on June 30, 2031, with an option to extend for a further 10 years.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Alpine Resorts (Management) Regulations 2009</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (Vic) gives the RMBs the power to declare the snow season, temporarily close the resort to entry if there is a significant danger to public safety, determine parts of a resort to which entry is prohibited, set aside areas of the resort for public use, parking, driving of vehicles, or landing of aircraft, and determine the areas for cross country ski trails, skiing, snowboarding and other snow play activities. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Swiss Resorts</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Andermatt-Sedrun - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">acquired by the Company on August 3, 2022, Andermatt-Sedrun is located in the Usern Valley of the Swiss Alps and comprises five mountains (Gemsstock, N&#228;tschen, Sedrun/Oberalp, Realp and Valtgeva). Ski operations are conducted on land owned by Andermatt Swiss Alps AG (&#8220;ASA&#8221;) as freehold or leasehold properties, land owned by Usern Corporation, land owned by the municipality of Tujetsch and land owned by private property owners.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ASA holds three leasehold properties, which are owned by either Usern Corporation, a corporation under public law consisting of all the citizens of the Usern Valley, or the Swiss Confederation, namely the Federal Department of Defense, Civil Protection, and Sport (&#8220;DDPS&#8221;). For the land owned by Usern Corporation, ASA and Usern Corporation have entered into a main framework concession agreement, dated August 13, 2013, which sets forth the terms and conditions for the use of the land in connection with ski infrastructure facilities in the Gemsstock and N&#228;tschen-G&#252;tsch-Oberalp areas (&#8220;Ursern Framework Concession&#8221;). The Ursern Framework Concession was entered into for a fixed term until December 31, 2032. An application for renewal of the Ursern Framework Concession must be submitted at least 12 months prior to the expiration of the concession agreement, and we anticipate applying for the renewal.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the land owned by the Swiss Confederation, ASA has entered into leasehold agreements with the DDPS, which have a term of 50 years expiring on April 10, 2067 and March 13, 2068.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Another part of the land on which the Andermatt-Sedrun resort operations are conducted is owned by the municipality of Tujetsch. By means of a personal easement agreement dated October 12, 2012, ASA was granted various building rights and rights of way in order to build, operate and maintain the T-Bars and chairlifts on Tujetsch's property. The personal easement agreement was entered into for a fixed term until October 12, 2032, and we anticipate applying for renewal.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">With respect to Swiss operations, companies who provide for regular and commercial passenger transportation by rail, road and water as well as by cable cars and elevators must obtain a passenger transport concession from the Federal Office of Transport </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(&#8220;FOT&#8221;). Under the Ursern Framework Concession, ASA was granted the required concessions for all ski infrastructure facilities and the usage of the ski slopes on the property of the Ursern Corporation. In the course of expanding the ski infrastructure facilities Urserntal-Oberalp, the FOT granted ASA passenger transport concessions for a total of 12 cableway installations by means of a plan approval dated May 30, 2014. Each passenger transport concession has a separate expiration date between 2026 and 2042, and we will then be able to apply for an extension or new concession. Additionally, the plan approval included concessions and approvals for ancillary installations such as ski slopes, snowmaking systems, rolling carpets, railway station passenger subway and clearings.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Crans-Montana - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">acquired by the Company on May 2, 2024, Crans-Montana is located in the Valais canton of Switzerland. The acquired operations include: an approximate 84% ownership stake in Remont&#233;es M&#233;caniques Crans Montana Aminona SA (&#8220;CMA&#8221;), which controls and operates all the resort&#8217;s lifts and supporting mountain operations, including four retail and rental locations; full ownership of SportLifeAG, which operates one of the ski schools located at the resort; and full ownership of 11 restaurants located on and around the mountain (operated by Crans-Montana Food and Beverage SA, or &#8220;CMFB&#8221;). </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The municipalities of Crans-Montana and Lens hold a stake in CMA of approximately 9.47% and 3.33%, respectively, which, together with our ownership share, collectively accounts for a total of approximately 96.22% ownership. For the purpose of governing the exercise of selected rights and obligations as shareholders in CMA, we entered into a shareholders&#8217; agreement with the municipalities of Crans-Montana and Lens. The initial fixed term of the agreement expires on December 31, 2035, subject to future automated ten-year renewal periods, unless terminated by us or the municipalities acting jointly. Among other things, the shareholders&#8217; agreement provides for terms and conditions in relation to the election and governance of the board of directors, company policies, dividends, financial aspects and related matters.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The operations of the resort are conducted on land owned by CMA or CMFB as freehold or leasehold properties, land owned by regional civic communities, land owned by the municipalities of Crans-Montana or Lens and land owned by private property owners. Portions of the Crans-Montana resort operations are conducted on land owned by third parties, including local municipalities, via numerous registered easements, building rights, or other agreements. Certain of these building rights are also subject to federal concessions.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As noted above, companies who provide for regular and commercial passenger transportation by rail, road and water as well as by cable cars and elevators must obtain a passenger transport concession from the FOT. Crans-Montana was granted the required concessions for all ski infrastructure facilities and the usage of the ski slopes. Each passenger transport concession is granted for a maximum of 40 years and may then be extended, with the existing concessions having expiration dates between 2032 and 2047.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Concession Agreements</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">National Park Concessioner Properties</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GTLC operates three lodging properties, food and beverage services, retail, camping and other services within the Grand Teton National Park under a concession agreement with the NPS. Our concession agreement with the NPS for GTLC, which had an initial term expiration date of December 31, 2021, was amended in June 2021 to extend the term to December 31, 2023. Additionally, in November 2023, we agreed to an amendment to the agreement extending the term until December 31, 2024. The NPS currently expects to release a contract solicitation for the services offered by GTLC by the end of calendar year 2024. We currently expect that our existing agreement will be extended for an additional one year through December 31, 2025 due to the time needed for solicitation, preparation, review and award of a new contract. We expect the NPS to confirm this extension in the fall of 2024. We pay a fee to the NPS of a percentage of the majority of our sales occurring in Grand Teton National Park.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Flagg Ranch Company, a wholly-owned subsidiary, provides lodging, food and beverage services, retail, service station, recreation and other services on the Parkway located between Grand Teton National Park and Yellowstone National Park. Our concession contract with the NPS for the Parkway expires on October 31, 2028, and we pay a fee to the NPS of a percentage of the majority of our sales occurring in the Parkway. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to expiration of these concession contracts, we will have the opportunity to bid against other prospective concessioners for award of a new contract. The NPS may suspend operations under the concession contract at any time if the NPS determines it is necessary to protect visitors or resources within the Grand Teton National Park or during a Federal Government shutdown. The NPS may also terminate the concession contract for breach, following notice and a 15 day cure period or if it believes termination is necessary to protect visitors or resources within the Grand Teton National Park.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Available Information</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We file with or furnish to the Securities and Exchange Commission (&#8220;SEC&#8221;) reports, including our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;). These reports and proxy statements are available free of charge on our corporate website </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.vailresorts.com</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> as soon as reasonably practicable after they are electronically filed with or furnished to the SEC. We also use our website as a means of disclosing additional information, including for complying with our disclosure obligations under the SEC&#8217;s Regulation FD (Fair Disclosure). Information on our websites does not constitute part of this document. Materials filed with or furnished to the SEC are also made available on its website at&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.sec.gov</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div><div style="text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_22"></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 1A.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:28.14pt">RISK FACTORS.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our operations and financial results are subject to various risks and uncertainties that could adversely affect our financial position, results of operations and cash flows. The risks described below should carefully be considered together with the other information contained in this report.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Risks Related to Our Business</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We are subject to the risk of prolonged weakness in general economic conditions including adverse effects on the overall travel and leisure related industries. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Skiing, travel and tourism are discretionary recreational activities that can entail a relatively high cost of participation and may be adversely affected by economic slowdown or recession. Economic conditions in North America, Europe and parts of the rest of the world, including inflationary pressures, elevated interest rates, supply chain disruption, fluctuating commodity pricing, geopolitical conflicts and uncertainties, increased labor costs and shortages, increased fuel prices, high unemployment, erosion of consumer confidence, health pandemics, sovereign debt issues and financial instability in the global markets, among other factors, could have negative effects on the travel and leisure industry and on our results of operations. As a result of these and other economic uncertainties, we have experienced and may continue to experience changes in booking trends including guest reservations made much closer to the actual date of stay, a decrease in the length of stay, a decrease in consumer spending and/or a decrease in group bookings. We cannot predict what further impact these uncertainties may continue to have on overall travel and leisure or more specifically, on our guest visitation, guest spending or other related trends and the ultimate impact it will have on our results of operations. Additionally, the actual or perceived fear of weakness in the economy could also lead to decreased spending by our guests. This could be further exacerbated by the fact that we charge some of the highest prices for single day lift tickets and ancillary services in the ski industry; however, we offer pass products, including the Epic Day Pass, which are available at a discount to the single day lift ticket prices. In the event of a decrease in visitation and overall guest spending we may decide we need to offer a higher amount of discounts and incentives than we have historically, which would adversely impact our operating results. Our Resorts also serve as a destination for international guests. To the extent there are material changes in exchange rates relative to the U.S. dollar or travel restrictions in place due to inflation, geopolitical conflicts or uncertainties, health pandemics or other factors, it could impact the volume of international visitation, which could have a significant impact on our operating results.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We may be adversely impacted by the effects of high or prolonged inflation and elevated interest rates. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Inflation increases the cost of goods we purchase and services we buy, the cost of capital projects and wages and benefits for our workforce. Although we may take measures to mitigate the impact of inflation through pricing actions or cost reduction measures, if we are not able to offset inflationary costs, our results of operations will be negatively impacted and possibly in a material manner. As a result, the impact of high and prolonged inflation could have a material adverse effect on our business, financial condition, or results of operations. Inflationary pressures also increase the cost of living and cost of travel, which decreases consumers&#8217; disposable income and could impact our guests&#8217; discretionary spending habits or willingness to visit our Resorts, which could reduce customer demand for the products and services that we offer and negatively impact our financial condition or our results of operations. In addition, the existence of inflation in certain economies has resulted in, and may continue to result in, elevated interest rates. Our business could be adversely impacted by increases in the cost of borrowing from elevated interest rates. Elevated interest rates increase the borrowing costs on new debt, including debt we may refinance, as well as any existing variable rate indebtedness, and could affect the fair value of our investments.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We are vulnerable to unfavorable weather conditions and the impact of natural disasters. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our ability to attract guests to our Resorts is partly influenced by weather conditions and by the amount and timing of snowfall during the ski season. Unfavorable weather conditions can adversely affect skier visits and our revenue and profits. Unseasonably warm weather may result in inadequate natural snowfall and reduce skiable terrain, which increases the cost of </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">24</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">snowmaking and could render snowmaking, wholly or partially, ineffective in maintaining quality skiing conditions, including in areas which are not accessible by snowmaking equipment. On the other hand, excessive natural snowfall may significantly increase the costs incurred to groom trails and may make it difficult for guests to access our Resorts.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, there is scientific research that emissions of greenhouse gases continue to alter the composition of the global atmosphere in ways that are affecting and are expected to continue affecting the global climate. The effect of climate change, including any impact of global warming, could have a material adverse effect on our results of operations as a result of decreased snowfall, increased weather variability and/or warmer overall temperatures, which could adversely affect skier visits and our revenue and profits.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues and profits generated from mountain summer activities/sightseeing and golf peak season operations are not nearly sufficient to off-set off-season losses from our other mountain and lodging operations.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This impact could be exacerbated by climate change.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There can be no assurance that our Resorts will receive seasonal snowfalls near their historical averages. An example of weather variability was observed throughout the 2023/2024 North American ski season, where significant weather-related challenges disrupted operating days and impacted demand, including lower snowfall for the full winter season compared to the prior year period across our western North American resorts and limited natural snow and variable temperatures at our Eastern U.S. resorts (comprising the Midwest, Mid-Atlantic, and Northeast). Past ski season snowfall levels or consistency of snow conditions can impact sales of pass products or other advanced bookings. Additionally, the early season snow conditions and skier perceptions of early season snow conditions can influence the momentum and success of the overall ski season. Unfavorable weather conditions can adversely affect our Resorts and lodging properties as guests tend to delay or postpone vacations if conditions differ from those that are typical at such Resorts for a given season. Although we have created geographic diversification to help mitigate the impact of weather variability, there is no way for us to predict future weather patterns or the impact that weather patterns may have on our results of operations or visitation.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A severe natural disaster, such as a forest fire, may interrupt our operations, damage our properties, reduce the number of guests who visit our Resorts in affected areas and negatively impact our revenue and profitability. Damage to our properties could take a long time to repair and there is no guarantee that we would have adequate insurance to cover the costs of repair and recoup lost profits. Furthermore, such a disaster may interrupt or impede access to our affected properties or require evacuations and may cause visits to our affected properties to decrease for an indefinite period. The ability to attract visitors to our Resorts is also influenced by the aesthetics and natural beauty of the outdoor environment where our Resorts are located. A severe forest fire or other severe impacts from naturally occurring events could negatively impact the natural beauty of our Resorts and have a long-term negative impact on our overall guest visitation as it could take several years for the environment to recover.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Our Epic Coverage program may require us to provide significant refunds to our pass product holders, which would result in reduced revenue and could also expose us to the risk of customer complaints and negative perception about our pass products.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Epic Coverage is included with the purchase of all pass products for no additional charge. Epic Coverage offers refunds to pass product holders if certain qualifying personal or Resort closure events occur before or during the ski season, </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">subject to express terms and conditions</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Accordingly, to the extent that a significant volume of qualifying events occur during the ski season, we could be required to provide a significant amount of refunds to our pass product holders, subject to express terms and conditions, which could have a material negative impact on our financial performance and condition.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The estimated amount of refunds reduce the amount of pass product revenue recognized by the Company. To estimate the amount of refunds under Epic Coverage, the Company considers historical claims data for personal events and the Company&#8217;s operating plans for its Resorts. The Company believes the estimates of refunds are reasonable; however, the program is subject to a number of variables and uncertainties, and therefore actual results could vary materially from such estimates, and the Company could be required to refund significantly higher amounts than estimated.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Epic Coverage has also resulted in customer complaints and negative perception by customers who believe they are entitled to a refund for events that do not qualify under the express terms and conditions of the program. Any complaints posted by customers on social media platforms, even if inaccurate, may harm our reputation, and may divert management&#8217;s time and attention away from other business matters.</span></div><div style="text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Leisure travel is particularly susceptible to various factors outside of our control, including terrorism, the uncertainty of military and geopolitical conflicts, the cost and availability of travel options and changing consumer preferences or willingness to travel. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our business is sensitive to the willingness of our guests to travel. Adverse economic conditions, pandemics, acts of terrorism, political events and developments in military and geopolitical conflicts in areas of the world from which we draw our guests could depress the public&#8217;s propensity to travel and cause severe disruptions in both domestic and international air travel and consumer discretionary spending, which could reduce the number of visitors to our Resorts and have an adverse effect on our results of operations. Many of our guests travel by air and the impact of higher prices for commercial airline services, availability of air services and willingness of guests to travel by air could cause a decrease in visitation by Destination guests to our Resorts. Visitation may also decrease if widespread airline or airport disruptions or flight cancellations occur. A significant portion of our guests also travel by vehicle and higher gasoline prices or willingness of guests to travel generally due to safety or traffic concerns could cause a decrease in visitation by guests who would typically drive to our Resorts. Higher cost of travel may also affect the amount that guests are willing to spend at our Resorts and could negatively impact our revenue particularly for lodging, ski school, dining and retail/rental. In addition, economic volatility and uncertainty, supply chain disruptions, increased fuel prices and increases to cost of travel (as a result of geopolitical factors or otherwise) may adversely affect our business and results of operations.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, our success depends on our ability to attract visitors to our Resorts. Changes in consumer tastes and preferences, particularly those affecting the popularity of skiing and snowboarding, and other social and demographic trends could adversely affect the number of skier visits during a ski season. A significant decline in skier visits compared to historical levels would have a material adverse effect on our business, prospects, financial condition, results of operations and cash flows.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Pandemics and public health emergencies could materially disrupt our business and negatively impact our results of operations, cash flows and financial condition.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pandemics and public health emergencies, such as the COVID-19 pandemic, may impact our results of operations, cash flows and financial condition in ways that are uncertain, unpredictable and outside of our control. The extent of the impact of such an event depends on the severity and duration of the public health emergency or pandemic, as well as the nature and duration of federal, state and local laws, orders, rules, emergency temporary standards, regulations and mandates, together with protocols and contractual requirements implemented by our customers, that may be enacted or newly enforced in response. Additionally, our ability to provide our services during such an event may be dependent on the governmental or societal responses to these circumstances in the markets in which we operate. A pandemic or public health emergency is likely to heighten and exacerbate the risks described herein. We experienced many of these risks in connection with the COVID-19 pandemic. Any resurgence of infection rates or the spread of new variants or viruses could adversely affect our revenue, results of operations and cash flows.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Cyberattacks or other interruptions to or disruption of our information technology systems and services could disrupt our business. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our business relies on the continuous operation of information technology systems and services. Despite our efforts, our information networks and systems are vulnerable to service interruptions or to security breaches from inadvertent or intentional actions by our employees or vendors, natural disasters, system or equipment malfunctions, power outages, computer viruses or intentional attacks by malicious third parties, which could persist undetected for an extended period of time. Any interruption to these systems and services could adversely impact our business, including lost revenue, customer claims, damage to reputation, litigation, and/or denial or interruption to our processing of transactions and/or the services we provide to customers. We also provide information to third party service providers and rely on third party service providers for the provision of information technology services. There is a risk that the information held by third parties could be disclosed, otherwise compromised, or disrupted. We carry insurance for many of these adverse events, including cyber security insurance, but our insurance coverage may not always be sufficient to meet all of our liabilities or our losses.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There has been a rise in the number of sophisticated cyberattacks on network and information systems, including ransomware attacks that prevent the target from accessing its own data and/or systems until a ransom is paid. As a result, the risks associated with such an event continue to increase. We have experienced cybersecurity threats and incidents, none of which have been material. We have taken, and continue to take, steps to address these concerns by implementing various cybersecurity risk management strategies, initiatives, and internal controls, with the goal of enhancing cybersecurity. However, there can be no assurance that our internal controls or cybersecurity risk management practices will be effective, and that a system interruption, security breach or unauthorized access will not occur. Cyber threats and attacks are constantly evolving and becoming more sophisticated, which increases the difficulty and cost of detecting and defending against them. In addition, despite our efforts to proactively institute cybersecurity defense mechanisms, such</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">as regular cybersecurity tabletop exercises, control gap analyses, threat modeling, impact analyses, internal and external cybersecurity audits, vulnerability scans, penetration tests, third party </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">analyses, and other cybersecurity threat defense strategies, such strategies may ultimately prove ineffective, as they are, by their nature, largely reactive, and cybersecurity threats are constantly evolving as threat actors become more sophisticated. For additional information regarding our cybersecurity processes, policies and programs, refer to Item 1C. &#8220;Cybersecurity.&#8221; Cyber threats and attacks can have cascading impacts across networks, systems and operations. Any such interruption, breach or unauthorized access to our network or systems, or the networks or systems of our vendors, could adversely affect our business operations and result in the loss of critical or sensitive confidential information or intellectual property, as well as impact our ability to meet regulatory or compliance obligations, and could result in financial, legal, business and reputational harm to us. These events also could result in large expenditures to repair or replace the damaged properties, products, services, networks or information systems to protect them from similar events in the future.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Failure to maintain the integrity and security of our internal, employee or guest data could result in damages to our reputation and subject us to costs, fines or lawsuits. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our business relies on the use of large volumes of data. We collect and retain guest data, including credit card numbers and other sensitive personal information, for various business purposes, such as processing transactions, marketing and other promotional purposes. We also maintain personal information about our employees. We could make faulty decisions if data is inaccurate or incomplete. Maintaining the integrity and security of data can be costly and is critical to our business, and our guests and employees have a high expectation that we will adequately protect their personal information. A significant theft, loss, loss of access to, or fraudulent use of customer, employee, or company data held by us or our service providers could adversely impact our reputation, and could result in significant remedial and other expenses, fines, and/or litigation.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Our business is highly seasonal. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our mountain and lodging operations are highly seasonal in nature. Peak operating season for our North American and European Resorts is from mid-December to mid-April, and accordingly, revenue and profits from our mountain and most of our lodging operations are substantially lower and historically result in losses from late spring to late fall. Conversely, peak operating seasons for our Australian Resorts, GTLC and Flagg Ranch, mountain summer activities (including our Epic Discovery program), sightseeing and our golf courses generally occur from June to the end of September. Revenue and profits generated by our Australian Resorts, GTLC and Flagg Ranch, mountain summer activities/sightseeing and golf peak season operations are not nearly sufficient to fully offset our off-season losses from our other mountain and lodging operations. For Fiscal 2024, approximately 82% of total combined Mountain and Lodging segment net revenue (excluding Lodging segment revenue associated with reimbursement of payroll costs) was earned during our second and third fiscal quarters. This seasonality is partially mitigated by the sale of pass products (which for Fiscal 2024 accounted for approximately 65% of the total lift revenue) predominately occurring during the period prior to the start of the ski season as the cash from those sales is collected in advance and revenue is primarily recognized in the second and third fiscal quarters. In addition, the timing of major holidays and school breaks can impact vacation patterns and therefore visitation at our destination mountain Resorts and regional ski areas. If we were to experience an adverse event or realize a significant deterioration in our operating results during our peak periods (our fiscal second and third quarters) we would be unable to fully recover any significant declines in such fiscal year due to the seasonality of our business. Operating results for any quarter are not necessarily indicative of the results that may be achieved for any subsequent quarter or for a full fiscal year (see Notes to Consolidated Financial Statements).</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We face significant competition. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ski resort and lodging industries are highly competitive. There are approximately 770 ski areas in North America, including approximately 485 in the U.S. that serve local and destination guests, and these ski areas can be more or less impacted by weather conditions based on their location and snowmaking capabilities. The factors that we believe are important to customers include:</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">proximity to population centers;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">availability and cost of transportation to ski areas;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">availability and quality of lodging options and other amenities in resort areas;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">ease of travel to ski areas (including direct flights by major airlines);</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">pricing of lift tickets and/or pass products;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the magnitude, quality and price of related ancillary services (ski school, dining and retail/rental);</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">quality of snowmaking;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">type and quality of skiing and snowboarding offered;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">duration of the ski season;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">weather conditions; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">reputation.</span></div><div style="text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There are many competing options for our guests, including other major resorts in Colorado, Utah, California, Nevada, the Pacific Northwest, Northeast and Southwest United States, and British Columbia, Canada, Australia, Switzerland, and other major destination ski areas worldwide. Our guests can choose from any of these alternatives, as well as non-skiing vacation options and destinations around the world. In addition, other forms of leisure such as sporting events and participation in other competing indoor and outdoor recreational activities are available to potential guests.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our retail/rental business competes with numerous other national, regional, local and online retail and rental businesses. RockResorts hotels, our other hotels and our property management business compete with numerous other hotel and property management companies. Each of these competing businesses may have greater financial resources than we do and they may be able to adapt more quickly to changes in customer requirements or devote greater resources to promotion of their offerings than us. Additionally these competing businesses may offer locations, pricing or other factors that appeal to potential customers.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">The high fixed cost structure of mountain resort operations can result in significantly lower margins if revenues decline. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The cost structure of our mountain Resort operations has a significant fixed component with variable expenses including, but not limited to, land use permit or lease fees and other resort related fees, credit card fees, retail/rental cost of sales, labor, and resort, dining and ski school operations. Any material declines in the economy, elevated geopolitical uncertainties and/or significant changes in historical snowfall patterns, as well as other risk factors discussed herein, could adversely affect revenue. As such, our margins, profits and cash flows may be materially reduced due to declines in revenue given our relatively high fixed cost structure. In addition, inflation has accelerated in the U.S. and globally in recent years due in part to global supply chain issues, the Ukraine-Russia war, a rise in energy prices and strong consumer demand. Increases in expenses as a result of this inflationary environment and other economic factors may adversely impact wages and other labor costs, energy, healthcare, insurance, transportation and fuel, cost of goods, property taxes, minimum lease payments and other expenses and operating costs included in our fixed cost structure, which may also reduce our margin, profits and cash flows.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We may not be able to fund resort capital expenditures, accurately identify the need for, or anticipate the timing of certain capital expenditures, which may adversely impact our business. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We regularly expend capital to construct, maintain and renovate our mountain Resorts and properties in order to remain competitive, maintain the value and brand standards of our mountain Resorts and properties and comply with applicable laws and regulations. We cannot always predict where and when capital will need to be expended in a given fiscal year and capital expenditures can increase due to circumstances beyond our control. We currently anticipate that we will spend approximately $216 million to $221 million on capital projects in calendar year 2024.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our ability to fund capital expenditures will depend on our ability to generate sufficient cash flow from operations and/or to borrow from third parties in the debt market or raise additional capital in the equity market. We cannot provide assurances that our operations will be able to generate sufficient cash flow to fund such capital expenditures or that cash flows generated will be allocated to fund capital expenditures, or that we will be able to obtain sufficient capital from other sources on adequate terms, or at all, especially considering elevated interest rates. Our ability to generate cash flow and to obtain third-party financing will depend upon many factors, including:</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our future operating performance; </span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">general economic conditions, including interest rates, and economic conditions affecting the resort industry, the ski industry and the capital markets; </span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">competition; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">legislative and regulatory matters affecting our operations and business;</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Any inability to generate sufficient cash flows from operations or to obtain adequate third-party financing could cause us to delay or abandon certain projects and/or plans.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Further, our properties and equipment at our mountain Resorts, including parking areas, roads, ski lifts, and other infrastructure, require periodic maintenance capital expenditures in order to maintain standards of satisfactory operating performance and appearance. Although some maintenance capital expenditure projects are routine and normally planned to occur outside of peak operating periods in order to not interfere with business operations, other maintenance capital expenditure projects are non-routine, difficult to predict, and could arise during peak operating periods. If we fail to identify the need for a maintenance project, address a maintenance project timely, or fail to anticipate the criticality of a maintenance project for key infrastructure and therefore defer maintenance projects, we could be forced as a result to temporarily close certain of our facilities, particularly during peak operating periods, and our business and results of operations could be materially adversely impacted.</span></div><div style="text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">A disruption in our water supply would impact our snowmaking capabilities and operations. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our operations are heavily dependent upon our access to adequate supplies of water for snowmaking and to otherwise conduct our operations. Our mountain Resorts are subject to federal, state, provincial and local laws and regulations relating to water rights. Changes in these laws and regulations may adversely affect our operations. In addition, a severe and prolonged drought may adversely affect our water supply and increase the cost of snowmaking. A significant change in law or policy, impact from climate change or any other interference with our access to adequate supplies of water to support our current operations or an expansion of our operations would have a material adverse effect on our business, prospects, financial position, results of operations and cash flows.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We rely on various government permits and landlord approvals at our U.S. resorts. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our U.S. Resort operations require permits and approvals from certain federal, state and local authorities, including the Forest Service, U.S. Army Corps of Engineers, the States of Vermont, New Hampshire and Pennsylvania and the NPS. Virtually all of our ski trails and related activities, including our summer activities, at Vail Mountain, Breckenridge, Keystone, Crested Butte, Stevens Pass, Heavenly, Kirkwood, Mount Snow, Wildcat, a majority of Beaver Creek and portions of Attitash are located on National Forest land. The Forest Service has granted us permits to use these lands, but maintains the right to review and approve many operational matters, as well as the location, design and construction of improvements in these areas. The expiration dates for our permits are set forth in the Business section of this Form 10-K under the heading &#8220;</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Contracts with Governmental Authorities for Resort Operations&#8221;.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Forest Service can terminate or amend these permits if, in its opinion, such termination is required in the public interest. A termination or amendment of any of our permits could have a materially adverse effect on our business and operations. In order to undertake improvements and new development, we must apply for permits and other approvals. These efforts, if unsuccessful, could impact our expansion efforts. Furthermore, Congress may materially increase the fees we pay to the Forest Service for use of these National Forest lands. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Stowe and Okemo are partially located on land we lease from the State of Vermont, Mount Sunapee is located on land we lease from the State of New Hampshire and Laurel Mountain is located on land we lease from the State of Pennsylvania. We are required to seek approval from such states for certain developments and improvements made to the resort. Certain other resorts are operated on land under long-term leases with third parties. For example, operations at our Northstar, Park City and Mad River Mountain Resorts are conducted pursuant to long-term leases with third parties who require us to operate the Resorts in accordance with the terms of the leases and seek certain approvals from the respective landlords for improvements made to the Resorts. The initial lease term for Northstar with affiliates of EPR Properties expires in January 2027 and allows for three 10-year renewal options. We entered into a transaction agreement, master lease agreement and ancillary transaction documents with affiliate companies of Talisker Corporation (&#8220;Talisker&#8221;), and the initial lease term for our Park City resort with Talisker expires in May 2063. Following the initial lease term expiration, we have six 50-year renewal options. Additionally, GTLC and Flagg Ranch operate under concession agreements with the NPS that expire on December 31, 2024 (which we currently expect will be extended in the fall of 2024 for an additional year through December 31, 2025 due to the time needed for solicitation, preparation, review and award of a new contract) and October 31, 2028, respectively. There is no guarantee that at the end of the lease/license or agreements under which we operate our Resorts we will renew or, if desired, be able to negotiate new terms that are favorable to us. Additionally, our Resorts that operate on privately-owned land are subject to local land use regulation and oversight by county and/or town governments, and we may not be able to obtain the requisite approvals needed for resort improvements or expansions. Failure to comply with the provisions, obligations and terms (including renewal requirements and deadlines) of our material permits and leases could adversely impact our operating results.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We rely on foreign government leases and landlord approvals, and are subject to certain related laws and regulations, at our international resorts. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our international Resort operations require permits and approvals from certain foreign authorities, including, but not limited to, the (i) Province of British Columbia; (ii) the New South Wales and Victoria, Australia governments; and (iii) the DDPS, the municipalities of Tujetsch, Crans-Montana, and Lens, regional civic communities, such as Bourgeoisie de Montana and Consortage de l&#8217;Alpage de Mer-dechon, and the FOT in Switzerland. Our operations at Whistler Blackcomb are located on Crown Land within the traditional territory of the Squamish and Lil&#8217;wat Nations, and the operations and future development of both Whistler Mountain and Blackcomb Mountain are governed by Master Development Agreements, which expire on February 23, 2077. We have a lease and a license for Perisher within the Kosciusko National Park which expires in June 2048, with an option to renew for an additional period of 20 years. Perisher relies on a suite of planning approvals (and existing use rights) granted under the Australian EPA Act to operate the resort. Strategic planning documents have been adopted to provide a framework for the assessment and approval of future development at the resort. Perisher also holds a number of environmental approvals to regulate its operations, including an environment protection license and a suite of dangerous goods </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">licenses related to the storage of diesel, heating oil and propane in storage tanks across the resort. Each of Falls Creek and a majority of Hotham is located in the Alpine National Park in Victoria, Australia that is permanently reserved under the Crown Land Act and subject to the ARM Act. The ARM Act established the Falls Creek RMB and the Hotham RMB, which is responsible for the management and collection of fees from Falls Creek and Hotham, respectively, and the ARM Regulations give each of the Falls Creek RMB and the Hotham RMB certain discretion over the operations of Falls Creek and Hotham, respectively, including the authority to (i) declare the snow season, (ii) temporarily close the applicable resort if entry would be a significant danger to public safety and (iii) determine which portions of the applicable resort are open to the public and the activities that are permitted on those portions of such resort. Portions of our operations at Andermatt-Sedrun are located on land owned by (i) the DDPS and subject to two leasehold agreements with ASA, each with a term of 50 years expiring on April 10, 2067 and March 13, 2068; and (ii) the municipality of Tujetsch by means of a personal easement agreement which expires on October 12, 2032 with an option to apply for renewal. We also hold a passenger transport concessions from the FOT, for a total of 12 cableway installations by means of a plan approval dated May 3, 2014. Each passenger transport concession has a separate expiration date between 2026 and 2042, and we will then be able to apply for an extension or new concession. Portions of our operations at Crans-Montana are located on land owned by regional Bourgeoisies, the municipality of Crans-Montana and private property owners, whereby the owners have granted building rights and/or easements for the operations. Such leasehold property rights expire between 2027 and 2094, and we will then be able to negotiate for an extension. These leasehold properties primarily relate to forest and agricultural zones for which usage is needed for the operation of the ski lifts (e.g. passing through of ski lifts or in connection with the arrival or departure stations of the ski lifts) and are spread over the entire ski resort. We also hold passenger transport concessions from the FOT, for a total of 20 cableway installations. Each passenger transport concession has a separate expiration date between 2032 and 2047, and we will then be able to apply for an extension or new concession. There is no guarantee that at the end of the initial lease/license or agreements under which we operate our Resorts we will renew or, if desired, be able to negotiate new terms that are favorable to us. Failure to comply with the provisions, obligations and terms (including renewal requirements and deadlines) of our material permits and leases could adversely impact our operating results.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Any resource efficiency transformation initiatives that we undertake may not deliver the results we expect.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To create organizational effectiveness and scale for operating leverage as we grow globally, we announced a multi-year resource efficiency transformation plan to achieve $100 million in annualized savings by the end of 2026. Our ability to realize anticipated benefits from these plans is subject to many estimates and assumptions, including business, economic and competitive uncertainties and contingencies, and accordingly there can be no assurance that the anticipated savings, operating efficiencies or other benefits will be achieved, within the anticipated timeframes or at all, or that they will not be significantly and materially less than anticipated.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We are subject to extensive environmental and health and safety laws and regulations in the ordinary course of business. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our operations are subject to a variety of federal, state, local and foreign environmental laws and regulations including those relating to air emissions, discharges to water, storage, treatment and disposal of wastes and other liquids, land use, remediation of contaminated sites, protection of natural resources such as wetlands and sustainable visitor or tourist use and enjoyment. For example, future expansions of certain of our mountain facilities must comply with applicable forest plans approved under the National Forest Management Act, federal, state and foreign wildlife protection laws or local zoning requirements, and in Vermont, our operations must comply with Act 250, which regulates the impacts of development to, among other things, waterways, air, wildlife and earth resources, and any projects must be completed pursuant to a Master Plan. In addition, most projects to improve, upgrade or expand our ski areas are subject to environmental review under the NEPA, FRPA, Act 250, the CEQA, the Australian NPW Act, the Australian EPA Act or the Australian EP Act, as applicable. Our ski area improvement proposals may not be approved or may be approved with modifications that substantially increase the cost or decrease the desirability of implementing the project. From time to time our operations are subject to inspections by environmental regulators or other regulatory agencies. We are also subject to worker health and safety requirements as well as various state and local public health laws, rules, regulations and orders. We believe our operations are in substantial compliance with applicable material environmental, health and safety requirements. However, our efforts to comply do not eliminate the risk that we may be held liable, incur fines or be subject to claims for damages, and that the amount of any liability, fines, damages or remediation costs may be material for, among other things, the presence or release of regulated materials at, on or emanating from properties we now or formerly owned or operated, newly discovered environmental impacts or contamination at or from any of our properties, or changes in environmental laws and regulations or their enforcement.</span></div><div style="text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Changes in security and privacy laws and regulations could increase our operating costs, increase our exposure to fines and litigation, and adversely affect our ability to market our products, properties and services effectively. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The information, security and privacy requirements imposed by applicable laws and governmental regulation and the payment card industry are increasingly demanding in the U.S. and other jurisdictions where we operate. Maintaining compliance with applicable security and privacy regulations may increase our operating costs or our exposure to potential fines and litigation in connection with the enforcement of such regulations, particularly in light of the launch of the My Epic App, or otherwise impact our ability to market our products, properties and services to our guests. In addition, any failure to maintain compliance with such regulations may cause us to incur significant penalties and generate negative publicity, require us to change our business practices, increase our costs and adversely affect our business. Any future changes or restrictions in U.S. or international privacy laws could also adversely affect our operations, including our ability to transfer guest data. Changes in U.S. or international law affecting marketing, solicitation or privacy, could adversely affect our marketing activities and force changes in our marketing strategy or increase the costs of marketing. If access to lists of potential customers from travel service providers or other companies with whom we have relationships was prohibited or otherwise restricted, our ability to develop new customers and introduce them to our products could be impaired.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We rely on information technology to operate our businesses and maintain our competitiveness, and any failure to adapt to technological developments or industry trends could harm our business or competitive position. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We depend on the use of sophisticated information technology and systems for central reservations, point of sale, marketing, customer relationship management and communication, procurement, maintaining the privacy of guest and employee data, administration and technologies we make available to our guests. We must continuously improve and upgrade our systems and infrastructure to offer enhanced products, services, features and functionality, while maintaining the reliability and integrity of our systems, network security and infrastructure. Particularly in light of the launch of the My Epic App, we may not be able to maintain our existing systems or replace or introduce new technologies and systems as quickly as we would like or in a cost-effective manner, which may keep us from achieving the desired results in a timely manner, to the extent anticipated, or at all. Also, we may be unable to devote adequate financial resources to new technologies and systems in the future. If any of these events occur, our business and financial performance could suffer.</span></div><div><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We may not be able to hire, train, reward and retain adequate team members and determine and maintain adequate staffing, including our seasonal workforce, which may impact labor costs and our ability to achieve our operating, growth and financial objectives.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our long-term growth and profitability depend partially on our ability to recruit and retain high-quality employees to work in and manage our Resorts. Adequate staffing and retention of qualified employees is a critical factor affecting our guests&#8217; experiences in our Resorts. In addition, our mountain and lodging operations are highly dependent on a large seasonal workforce. Maintaining adequate staffing is complicated and unpredictable. The market for the most qualified talent continues to be highly competitive and we must provide competitive wages, benefits and workplace conditions to attract and retain the most qualified employees, particularly during a time when we have seen significant wage inflation in the market for employees. In addition, in many communities, the supply of resort-area housing is constrained due to market conditions, making it difficult for our employees to obtain available, affordable housing. Further, zoning regulations, protracted approval processes and local anti-development sentiment can prevent or substantially delay new housing projects that we or other parties may pursue to meet the demand for new affordable housing stock.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Changes in immigration laws could also impact our workforce because we typically recruit and hire foreign nationals as part of our seasonal workforce. A shortage of international workers, failure to adequately recruit and retain new domestic employees, higher than expected attrition levels, or increased wages all could affect our ability to open and operate parts of our Resorts, deliver guest service at traditional margins or achieve our labor cost objectives.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are also subject to various federal, state and foreign laws governing matters such as minimum wage requirements, sick leave pay, overtime compensation and other working conditions, work authorization requirements, discrimination and family and medical leave. Cost of labor and labor-related benefits are primary components in the cost of our operations. Labor shortages, affordable employee housing shortages, increased employee turnover and health care mandates can increase our labor costs. We are subject to mandated minimum wage rates and we also experience market-driven pressures to pay wages even higher than mandated minimum wages. This can result in increases not only to the wages of our minimum wage employees but also to the wages paid to employees at wage rates that are above the minimum wage. During Fiscal 2023, we increased our minimum wage for North American employees to $20 per hour and announced a substantial investment in our human resource department to support more normalized staffing and operations at our Resorts. From time to time, we have experienced non-union employees attempting to unionize. While only a very small portion of our employees are unionized at present, we may experience additional union activity in the future, which could lead to disruptions in our business, increases in </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">our operating costs and/or constraints on our operating flexibility. These potential labor impacts could adversely impact our results of operations. For additional details, see &#8220;Business&#8212;Human Capital Management.&#8221;</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We have recently acquired Crans-Montana, which was not subject to rules and regulations promulgated under the Sarbanes-Oxley Act of 2002, as amended ("Sarbanes-Oxley"), and may therefore lack the internal controls that would be required of a U.S. public company, which could ultimately affect our ability to ensure compliance with the requirements of Section 404 of Sarbanes-Oxley. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have recently acquired Crans-Montana, which was not previously subject to the rules and regulations promulgated under Sarbanes-Oxley and accordingly was not required to establish and maintain an internal control infrastructure meeting the standards promulgated under Sarbanes-Oxley. Our assessment of and conclusion on the effectiveness of our internal control over financial reporting as of July 31, 2024 did not include certain elements of the internal controls of Crans-Montana, which was acquired on May 2, 2024.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Although our management will continue to review and evaluate the effectiveness of our internal controls in light of this acquisition, we cannot provide any assurances that there will be no significant deficiencies or material weaknesses in our internal control over financial reporting. Any significant deficiencies or material weaknesses in the internal control structure of our acquired businesses may cause significant deficiencies or material weaknesses in our internal control over financial reporting, which could have a material adverse effect on our business and our ability to comply with Section 404 of Sarbanes-Oxley.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Our business depends on the quality and reputation of our brands, and any deterioration in the quality or reputation of these brands, including as a result of misappropriation of our intellectual property or the risk of accidents occurring at our mountain resorts or competing mountain resorts, may reduce visitation and negatively impact our operations.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A negative public image or other adverse events could affect the reputation of one or more of our mountain Resorts, other destination resorts, hotel properties and other businesses or more generally impact the reputation of our brands. Any resulting harm on our business may be immediate without affording us an opportunity for redress or correction. Our ability to attract and retain guests depends, in part, upon the external perceptions of the Company, the quality and safety of our Resorts, services and activities, including summer activities, and our corporate and management integrity. While we maintain and promote an on-mountain safety program, there are inherent risks associated with our Resort activities. From time to time in the past, accidents and other injuries have occurred on Resort property. An accident or an injury at any of our Resorts or at resorts operated by competitors, particularly an accident or injury involving the safety of guests and employees that receives media attention, could negatively impact our brand or reputation, cause loss of consumer confidence in us, reduce visitation at our Resorts, and negatively impact our results of operations. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The considerable expansion in the use of social media over recent years has compounded the impact of negative publicity. Information posted on social media platforms at any time may be adverse to our interests or may be inaccurate, each of which may harm our reputation or business. If the reputation or perceived quality of our brands declines, our market share, reputation, business, financial condition or results of operations could be adversely impacted. Additionally, our intellectual property, including our trademarks, domain names and other proprietary rights, constitutes a significant part of our value. Any misappropriation, infringement or violation of our intellectual property rights could also diminish the value of our brands and their market acceptance, competitive advantages or goodwill, which could adversely affect our business.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Increased scrutiny and changing expectations from investors, consumers, employees, regulators, and others regarding our environmental, social and governance practices and reporting could cause us to incur additional costs, devote additional resources and expose us to additional risks, which could adversely impact our reputation, customer attraction, access to capital and employee recruitment and retention. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Companies across all industries are facing increasing scrutiny related to their environmental, social and governance (&#8220;ESG&#8221;) practices and reporting. Investors, consumers, employees and other stakeholders have focused increasingly on ESG practices and have placed increasing importance on the implications and social cost of their investments, purchases and other interactions with companies. In 2017, we launched an ambitious Commitment to Zero pledge to have a zero net operating footprint by 2030, which includes commitments to (i) achieving zero net emissions, (ii) zero waste to landfill, and (iii) zero net operating impact to forests. Additionally, we were awarded the NSAA&#8217;s Golden Eagle Climate Change award at the 2023 NSAA annual conference and we were a finalist for the NSAA Golden Eagle Overall Environmental Excellence Award at the 2024 NSAA annual conference; however we may not be able to sustain such recognition for our ESG efforts. If our ESG practices do not meet investor, consumer or employee expectations related to our Commitment to Zero or any other ESG initiative, which continue to evolve, or if we do not maintain recognition for our ESG efforts, our brand, reputation and customer retention may be negatively impacted. </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">32</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our ability to achieve any ESG objective is subject to numerous risks, many of which are outside of our control. Examples of such risks include:</span></div><div><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.8pt">the evolving regulatory requirements affecting ESG practices;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.8pt">the availability of suppliers that can meet sustainability, diversity and other ESG standards that we may set; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.8pt">our ability to recruit, develop and retain diverse talent in our labor markets. </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If we fail, or are perceived to be failing, to meet the standards included in any sustainability disclosure (including our Commitment to Zero pledge included in our annual EpicPromise Progress Report) or the expectations of our various stakeholders, it could negatively impact our reputation, customer attraction and retention, access to capital, and employee retention. In addition, new sustainability rules and regulations have been adopted and may continue to be introduced. Our failure to comply with any applicable rules or regulations could lead to penalties and adversely impact our reputation, customer attraction and retention, access to capital, and employee retention.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Our acquisitions might not be successful. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In recent years, we have completed numerous acquisitions and may continue to acquire certain mountain resorts, hotel properties and other businesses complementary to our own, as well as developable land in proximity to our Resorts. Acquisitions are complex to evaluate, execute and integrate. We cannot ensure that we will be able to accurately evaluate or successfully integrate and manage acquired mountain resorts, properties and businesses and increase our profits from these operations. We continually evaluate potential acquisitions both domestically and internationally and intend to actively pursue acquisition opportunities, some of which could be significant. As a result, we face various risks from acquisitions, including our recent acquisitions of the Seven Springs Resorts, Andermatt-Sedrun and Crans-Montana, some of which include:</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our evaluation of the synergies and/or long-term benefits of an acquired business;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our inability to integrate acquired businesses into our operations as planned;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">diversion of our management&#8217;s attention;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">increased expenditures (including legal, accounting and due diligence expenses, higher administrative costs to support the acquired entities, information technology, personnel and other integration expenses);</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">potential increased debt leverage;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">potential issuance of dilutive equity securities;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">litigation arising from acquisition activity; </span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">potential impairment of goodwill, intangible or tangible assets; </span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">additional risks with respect to current and potential international operations, including by unique laws, regulations and business practices of foreign jurisdictions; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">unanticipated problems or liabilities.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, we run the risk that any new acquisitions may fail to perform in accordance with expectations, and that estimates of the costs of improvements and integration for such properties may prove inaccurate.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We are subject to additional risks with respect to our current and potential international operations and properties.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have and may continue to increase our operations outside of the United States, with international acquisitions to date including Whistler Blackcomb in Canada; Perisher, Hotham and Falls Creek in Australia; and Andermatt-Sedrun and Crans-Montana in Switzerland. We are accordingly subject to a number of risks relating to doing business internationally. We also intend to consider strategic growth opportunities for our portfolio globally through acquisitions in attractive international markets to service demonstrable demand where we believe the anticipated risk-adjusted returns are consistent with our investment objectives. Our international operations and properties and in particular our newly acquired European properties could be affected by factors peculiar to the laws, regulations and business practices of those jurisdictions. These laws, regulations and business practices expose us to risks that are different than or in addition to those commonly found in the United States. Risks relating to our international operations and properties include:</span></div><div><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changing governmental rules and policies, including changes in land use and zoning laws;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">enactment of laws relating to international ownership and laws restricting the ability to remove profits earned from activities within a particular country to a person&#8217;s or company&#8217;s country of origin;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">changes in laws or policies governing foreign trade or investment and use of foreign operations or workers, and any negative sentiments towards multinational companies as a result of any such changes to laws, regulations or policies or due to trends such as political populism and economic nationalism;</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">33</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">variations in currency exchange rates and the imposition of currency controls;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">adverse market conditions caused by terrorism, civil unrest, natural disasters, infectious disease and changes in international, national or local governmental or economic conditions;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">business disruptions arising from public health crises and outbreaks of communicable diseases, including the recent coronavirus outbreak;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the willingness of U.S. or international lenders to make loans in certain countries and changes in the availability, cost and terms of secured and unsecured debt resulting from varying governmental economic policies;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the imposition of unique tax structures and changes in tax rates and other operating expenses in particular countries, including the potential imposition of adverse or confiscatory taxes;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the potential imposition of restrictions on currency conversions or the transfer of funds;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">general political and economic instability; </span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">compliance with international laws and regulations (including anti-corruption regulations, such as the U.S. Foreign Corrupt Practices Act);</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">data security, including requirements that local customer data be stored locally and not transferred to other jurisdictions; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">our limited experience and expertise in foreign countries, particularly European countries, relative to our experience and expertise in the United States;</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If any of the foregoing risks were to materialize, they could materially and adversely affect us.</span></div><div><span><br/></span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exchange rate fluctuations could result in significant foreign currency gains and losses and affect our business results. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are exposed to currency translation risk because the local currency utilized in the operations of Whistler Blackcomb, Perisher, Hotham, Falls Creek, Andermatt-Sedrun and Crans-Montana are different than our functional currency, the U.S. dollar. As a result, changes in foreign exchange rates, in particular between the Canadian dollar, Australian dollar, Swiss franc and the U.S. dollar, affect the amounts we record for our foreign assets, liabilities, revenues and expenses, and could have a negative effect on our financial results. We currently do not enter into hedging arrangements to minimize the impact of foreign currency fluctuations. We expect that our exposure to foreign currency exchange rate fluctuations will increase as our international operations grow and if we acquire additional international resorts.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We are subject to tax laws and regulations in multiple jurisdictions, and changes to those laws and regulations or interpretations thereof or adverse determinations by tax authorities may adversely affect us.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to income and other taxes in the United States and in multiple foreign jurisdictions. Due to economic and political conditions, tax rates in various jurisdictions may be subject to significant change. Our effective tax rates could be affected by changes in the mix of earnings in countries with differing statutory tax rates, changes in the valuation of deferred tax assets and liabilities, or changes in tax laws or their interpretation. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, the Organization for Economic Cooperation and Development reached agreement among various countries to implement a minimum 15% tax rate on certain multinational enterprises, commonly referred to as Pillar Two. Many countries continue to announce changes in their tax laws and regulations based on the Pillar Two proposals. We are continuing to evaluate the impact of these proposed and enacted legislative changes as new guidance becomes available. Some of these legislative changes could impact our effective tax rate and tax liabilities. Given the numerous proposed tax law changes and the uncertainty regarding such proposed legislative changes, the impact of Pillar Two cannot be determined at this time.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are also subject to the examination of tax returns and other tax matters by the Internal Revenue Service and other tax authorities and governmental bodies. We regularly assess the likelihood of an adverse outcome resulting from these examinations to determine the adequacy of our provision for taxes. There can be no assurance as to the outcome of these examinations. If our effective tax rates were to increase or if the ultimate determination of our taxes owed is for an amount in excess of amounts previously accrued, our financial condition, operating results and cash flows could be adversely affected.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Risks Relating to Ownership of our Common Stock</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We cannot provide assurance that we will pay dividends, or if paid, that dividend payments will be consistent with historical levels. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have generally paid quarterly dividends since fiscal 2011 (with the exception of several quarters in Fiscal 2020 and Fiscal 2021 to maintain short-term liquidity in response to the COVID-19 pandemic), which are funded through cash flow from operations, available cash on hand and borrowings under our Credit Facilities. The declaration of dividends is subject to the discretion of our Board of Directors, and is limited by applicable state law concepts of available funds for distribution, as well </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">34</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">as contractual restrictions. As a result, the amount, if any, of the dividends to be paid in the future will depend upon a number of factors, including our available cash on hand, anticipated cash needs, overall financial condition, restrictions contained in our Ninth Amended and Restated Credit Agreement (the &#8220;Vail Holdings Credit Agreement&#8221;), any future contractual restrictions, future prospects for earnings and cash flows, as well as other factors considered relevant by our Board of Directors. In addition, our Board of Directors may also suspend the payment of dividends at any time if it deems such action to be in the best interests of the Company and its stockholders. If we do not pay dividends, the price of our common stock must appreciate for investors to realize a gain on their investment in Vail Resorts, Inc. This appreciation may not occur and our stock may in fact depreciate in value. On September 25, 2024, our Board of Directors approved a cash dividend of $2.22 per share payable on October 24, 2024 to stockholders of record as of October 8, 2024.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Our indebtedness could adversely affect our financial condition and our ability to operate our business, to react to changes in the economy or our industry, to fulfill our obligations under our various notes, to pay our other debts, and could divert our cash flow from operations for debt payments. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have a substantial amount of debt, which requires significant interest and principal payments. As of July&#160;31, 2024, we had $2.8 billion in total indebtedness outstanding. This amount includes (i) $959.8 million of indebtedness pursuant to the term loan facility under the Vail Holdings Credit Agreement that matures in 2029, (ii) $600.0 million aggregate principal amount of our unsecured senior notes due 2032 (the &#8220;6.50% Notes&#8221;), (iii) $575.0 million in aggregate principal amount of 0.0% convertible notes due 2026 (the &#8220;0.0% Convertible Notes&#8221;), (iv) $369.1 million with respect to our obligation associated with the Canyons long-term lease, (v) $114.2 million with respect to the EPR Secured Notes under the master credit and security agreements and other related agreements with EPT Ski Properties, Inc. and its affiliates (&#8220;EPR&#8221;), as amended (collectively, the &#8220;EPR Agreements&#8221;), (vi) $52.6 million with respect to our obligations associated with outstanding debt of certain employee housing entities, (vii) $37.1 million with respect to the New Regional Policy loan between Andermatt-Sedrun and the Canton of Uri and Canton of Graub&#252;nden (the &#8220;NRP Loan&#8221;), and (viii) $27.9 million with respect to our obligations associated with Whistler Blackcomb employee housing leases. We also have a credit agreement at Whistler Blackcomb that matures in 2028 (the &#8220;Whistler Credit Agreement&#8221;), which had no amounts outstanding as of July&#160;31, 2024. Collectively, the Vail Holdings Credit Agreement, the Whistler Credit Agreement, the EPR Agreements and the NRP Loan are referred to herein as the &#8220;Credit Agreements,&#8221; and such facilities, the &#8220;Credit Facilities.&#8221; Our borrowings under the Vail Holdings Credit Agreement are subject to interest rate changes substantially increasing our risk to changes in interest rates. Under the Vail Holdings Credit Agreement, borrowings under the Vail Holdings Credit Agreement, including the term loan facility, bear interest annually at a rate of SOFR plus 1.60%. As of July&#160;31, 2024 we also have, on a cumulative basis, minimum lease payment obligations under operating leases of approximately $371.1 million over the term of the leases. Our level of indebtedness and minimum lease payment obligations could have important consequences. For example, it could:</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">make it more difficult for us to satisfy our obligations under our outstanding debt;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">increase our vulnerability to general adverse economic and industry conditions;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">require us to dedicate a substantial portion of our cash flow from operations to payments on our indebtedness, including the annual payments under the Canyons lease, thereby reducing the availability of our cash flow to fund dividend payments, working capital, capital expenditures, real estate developments, marketing efforts and other general corporate purposes;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">limit our flexibility in planning for, or reacting to, changes in our business and the industry in which we operate;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">place us at a competitive disadvantage compared to our competitors that have less debt; </span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">limit our ability to borrow additional funds, refinance debt, or obtain additional financing for working capital, capital expenditures, debt service requirements, acquisitions or other general corporate purposes;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">make it difficult for us to satisfy our obligations, including debt service requirements under our outstanding debt; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">cause potential or existing customers to not contract with us due to concerns over our ability to meet our financial obligations, such as insuring against our professional liability risks, under such contracts.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Furthermore, our debt under our Credit Facilities bears interest at variable rates, which may be impacted by potential future changes in interest rates due to reference rate reform. We may be able to incur additional indebtedness in the future. The terms of our Credit Facilities, the 0.0% Convertible Notes and the 6.50% Notes do not fully prohibit us from doing so. If we incur additional debt, the related risks that we face could intensify.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, our Credit Facilities also impose significant operating and financial restrictions on us. These restrictions limit our ability and the ability of our subsidiaries to, among other things:</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">incur or guarantee additional debt or issue capital stock;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">pay dividends and make other distributions on, or redeem or repurchase, capital stock;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">make certain investments;</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">35</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">incur certain liens;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">enter into transactions with affiliates;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">merge or consolidate;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">enter into agreements that restrict the ability of subsidiaries to make dividends, distributions or other payments to us or the guarantors;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">designate restricted subsidiaries as unrestricted subsidiaries; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">transfer or sell assets.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The indenture governing the 6.50% Notes contains a number of significant restrictions and covenants that limit our ability to:</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">grant or permit liens;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">engage in sale/leaseback transactions; and</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">engage in a consolidation or merger, or sell, transfer or otherwise dispose of all or substantially all of our assets.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, the Whistler Credit Agreement contains restrictions on the ability of Whistler Mountain Resort Limited Partnership and Blackcomb Skiing Enterprises Limited Partnership (together &#8220;The WB Partnerships&#8221;) and their respective subsidiaries, and the EPR Agreements contain restrictions on the ability of Peak Resorts and its subsidiaries, to make dividends, distributions or other payments to us or the guarantors. We and our subsidiaries are subject to other covenants, representations and warranties in respect of our Credit Facilities, including financial covenants as defined in the Credit Agreements. Events beyond our control may affect our ability to comply with these covenants.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The terms of any future indebtedness we may incur could include more restrictive covenants. We may not be able to maintain compliance with our financial covenants in the future and, if we fail to do so, we may not be able to obtain waivers from the lenders and/or amend the covenants.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There can be no assurance that we will meet the financial covenants contained in our Credit Facilities, when in effect. If we breach any of these restrictions or covenants, or suffer a material adverse change which restricts our borrowing ability under our Credit Facilities, we would not be able to borrow funds thereunder without a waiver. Any inability to borrow could have an adverse effect on our business, financial condition and results of operations. In addition, a breach, if uncured, could cause a default under the applicable agreement(s) governing our indebtedness, in which case such we may be required to repay these borrowings before their due date. We may not have or be able to obtain sufficient funds to make these accelerated payments. If we are forced to refinance these borrowings on less favorable terms or cannot refinance these borrowings, our results of operations and financial condition could be adversely affected.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We may not continue to repurchase our common stock pursuant to our share repurchase program, and any such repurchases may not enhance long-term stockholder value. Share repurchases could also increase the volatility of the price of our common stock and could diminish our cash reserves. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March&#160;9, 2006, the Company&#8217;s Board of Directors approved a share repurchase program, authorizing the Company to repurchase up to 3,000,000 Vail Shares. On July 16, 2008, December 4, 2015 and March 7, 2023, the Company&#8217;s Board of Directors increased the authorization by an additional 3,000,000, 1,500,000 and 2,500,000 Vail Shares, respectively, for a total authorization to repurchase up to 10,000,000 Vail Shares. Since inception of this stock repurchase program through July&#160;31, 2024, the Company has repurchased 9,369,680 shares at a cost of approximately $1,129.4 million, excluding accrued excise tax. As of July&#160;31, 2024, 630,320 Vail Shares remained available to repurchase under the existing share repurchase program, which has no expiration date. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Although our Board of Directors has approved a share repurchase program, the share repurchase program does not obligate us to repurchase any specific dollar amount or to acquire any specific number of shares. The timing and amount of repurchases, if any, will depend upon several factors, including market and business conditions, our liquidity and capital resources, the trading price of our common stock and the nature of other investment opportunities. The repurchase program may be limited, suspended or discontinued at any time without prior notice. In addition, repurchases of our common stock pursuant to our share repurchase program could cause our stock price to be higher than it would be in the absence of such a program and could potentially reduce the market liquidity for our stock. Additionally, our share repurchase program could reduce our available liquidity, which may impact our ability to finance future growth and to pursue possible future strategic opportunities and acquisitions. Further, the Internal Revenue Service recently implemented a nondeductible excise tax equal to 1% of the fair market value of certain corporate share repurchases. There can be no assurance that any share repurchases will enhance stockholder value because the market price of our common stock may decline below levels at which we repurchased shares of stock. Although our share repurchase program is intended to enhance long-term stockholder value, there is no assurance that it will do so and short-term stock price fluctuations could reduce the program&#8217;s effectiveness.</span></div><div style="text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">36</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">General Risk Factors</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We are subject to litigation in the ordinary course of business. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are, from time to time, subject to various asserted or unasserted legal proceedings and claims. Any such proceedings or claims, regardless of merit, could be time consuming and expensive to defend and could divert management&#8217;s attention and resources. While we believe we have adequate insurance coverage and/or accrue for loss contingencies for all known matters that are probable and can be reasonably estimated, we cannot provide any assurance that the outcome of all current or future litigation proceedings and claims will not have a material adverse effect on us and our results of operations.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">We are subject to complex and evolving accounting regulations and use certain estimates and judgments that may differ significantly from actual results. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Implementation of existing and future legislation, rulings, standards and interpretations from the Financial Accounting Standards Board or other regulatory bodies could affect the presentation of our financial statements and related disclosures. Future regulatory requirements could significantly change our current accounting practices and disclosures. Such changes in the presentation of our financial statements and related disclosures could change an investor&#8217;s interpretation or perception of our financial position and results of operations.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We use many methods, estimates and judgments in applying our accounting policies (see &#8220;Critical Accounting Policies&#8221; in Item 7 of this Form 10-K). Such methods, estimates and judgments are, by their nature, subject to substantial risks, uncertainties and assumptions, and factors may arise over time that lead us to change our methods, estimates and judgments. Changes in those methods, estimates and judgments could significantly affect our results of operations.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Anti-takeover provisions affecting us could prevent or delay a change of control that is beneficial to our stockholders. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Provisions of our certificate of incorporation and bylaws, provisions of our debt instruments and other agreements and provisions of applicable Delaware law and applicable federal and state regulations may discourage, delay or prevent a merger or other change of control that holders of our securities may consider favorable. These provisions could:</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">delay, defer or prevent a change in control of our Company;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">discourage bids for our securities at a premium over the market price;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">adversely affect the market price of, and the voting and other rights of the holders of our securities; or</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">impede the ability of the holders of our securities to change our management.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For instance, provisions of the indentures governing our indebtedness stipulate that the Company must repurchase the senior notes at the option of their holders upon the event of a change in control of the Company. Further, a change of control would constitute an event of default under our credit agreements.</span></div><div style="text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_25"></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 1B.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:28.7pt">UNRESOLVED STAFF COMMENTS.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">None.</span></div><div style="text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_1775"></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 1C.&#160;&#160;&#160;&#160;CYBERSECURITY.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Risk Management and Strategy</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cybersecurity is a dynamic and constantly evolving field. We are committed to continuously improving our cybersecurity posture by staying informed about emerging threats, adopting industry best practices, and integrating feedback from our assessments and incidents. Our goal is to maintain a resilient cybersecurity framework that protects our assets and supports our long-term business objectives.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We manage risks from cybersecurity threats through our overall enterprise risk management process, which is overseen by our Board. Our cybersecurity risks are considered individually as part of our enterprise risk management process alongside other risks, and priorities and discussed with our Board. Management has created an information security program, which is comprised of a dedicated information security team and policies, procedures, and processes for assessing, identifying, and managing risks from cybersecurity threats. Our policies, procedures, and processes follow recognized frameworks established by the National Institute of Standards and Technology (&#8220;NIST&#8221;) and the International Organization for Standardization, as well as other relevant standards. Our program is designed to maintain the confidentiality, integrity, security, and availability of data created, collected, stored, and used to operate our business. </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">37</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We identify, assess, and manage risks from cybersecurity threats through various mechanisms, which from time to time may include tabletop exercises, control gap analyses, threat modeling, impact analyses, internal audits, external audits, vulnerability scans, penetration tests, and engagement of third parties to conduct analyses of our information security program. We obtain cybersecurity threat intelligence from recognized forums, third parties, and other sources as part of our risk assessment process. We also maintain a risk-based approach for assessing, identifying, and managing risks from cybersecurity threats associated with third party service providers and other companies with whom we do business. As part of our cybersecurity program, team members receive cybersecurity training and participate in awareness programs including phishing simulation exercises and reminders, and programming and events during Cybersecurity Awareness Month. We also carry cyber security insurance, which is renewed annually and covers cyber events and business interruption. We closely monitor costs of breaches within the industry in an effort to ensure that our coverage is sufficient to address all reasonably foreseeable threats and levels of risk.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We maintain an Incident Response Plan (&#8220;IRP&#8221;), which applies to information security incidents. Our IRP sets out a coordinated, multi-functional approach for investigating, containing, and mitigating incidents, as well as the communication protocol of such incidents to senior management and other key stakeholders pursuant to established thresholds so that decisions regarding the disclosure and reporting of such incidents can be made by management in a timely manner. In general, our incident response process follows the NIST framework and focuses on four phases: (i) preparation; (ii) detection and analysis; (iii) containment, eradication, and recovery; and (iv) post-incident remediation.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Board oversight of cybersecurity risk management is supported by the Audit Committee, which regularly reviews internal reports from management with respect to information technology and cybersecurity issues, and interacts with our enterprise risk management function and our Chief Information Officer (&#8220;CIO&#8221;) regarding major cybersecurity risk areas and recommended actions to address such risks. </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Cybersecurity Governance</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Information Security and Compliance teams, in coordination with the Board and Audit Committee, oversees the management of risks from cybersecurity threats, including the policies, standards, processes, and practices that our CIO and our Vice President of Information Security, in coordination with our Information Technology Senior Leadership Team, develop and implement to address risks from cybersecurity threats. The Board and the Audit Committee each receive regular presentations and reports on cybersecurity risks, which address a wide range of topics including, for example, recent developments, evolving standards, vulnerability assessments, third-party and independent reviews, the threat environment, technological trends, and information security considerations arising with respect to our peers and third parties. The Board and the Audit Committee are also informed of any cybersecurity incident that meets established reporting thresholds, as well as ongoing updates regarding such incident until it has been addressed. At least once each quarter, the Audit Committee discusses our approach to cybersecurity risk management with our CIO, and at least annually, or more frequently as necessary, our CIO meets with the Board to discuss cybersecurity risk management.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our CIO and our Vice President of Information Security are principally responsible for overseeing our cybersecurity risk management program, in partnership with other business leaders across company. Our CIO serves as Chair of our Cybersecurity Incident Materiality Assessment Council and works in coordination with the other members of our Executive Committee.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our CIO has served in various roles in information technology and information security for over 27 years, including in technology leadership roles such as Chief Information Officer, Vice President Business Technology, Vice President Business Information Services, Senior Director of Mountain Technology, Director of Resort Application Development, and Director of Order Management Systems leadership roles for large public companies. Our CIO holds a B.B.A. in Management Information Systems and Accounting from University of Oklahoma.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Vice President of Information Security has served in various roles in information technology and information security for over 27 years, including as Vice President of Information Security for large public companies. In addition, our Vice President of Information Security has previously held roles including Vice President of Information Security and Technology, Senior Director Information Technology, Director IT Security and Compliance, and Senior IT Audit Manager. Our Vice President of Information Security holds several certifications including CISSP, CISA, CISSM, and PCI-ISA. Our Vice President of Information Security holds a B.S. in Management Information Systems from Iowa State University and an MBA from Auburn University.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our CIO and Vice President of Information Security, in coordination with our Legal, Internal Audit, and Compliance teams, work collaboratively across the company to implement a program designed to protect our information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with our security IRP. To facilitate </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">38</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the success of this program, multidisciplinary teams throughout the company are deployed to address cybersecurity threats and to respond to cybersecurity incidents in accordance with our incident response and recovery plans. Through the ongoing communications from these teams, the CIO, the Vice President of Information Security, and our Cybersecurity Incident Materiality Assessment Council monitor the prevention, detection, mitigation, and remediation of cybersecurity incidents in real time, and report such incidents to the Audit Committee when appropriate.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Audit Committee reviews our cybersecurity management strategy and initiatives on a regular basis and oversees the management of risks from cybersecurity threats, including the policies, processes, and practices implemented by the Company to address such risks. The Audit Committee also routinely receives reports on the cybersecurity landscape, regulatory requirements, industry standards, and emerging threats. Prompt and timely information regarding any significant cybersecurity incident as specified in our IRP, including ongoing updates as the incident unfolds and until it has been addressed, are also provided to both the Board and the Audit Committee. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We do not currently believe cybersecurity threats, including as a result of any previous cybersecurity incidents, have materially affected or are reasonably likely to affect us, including our business strategy, results of operations, or financial condition; however, we could experience a cybersecurity incident that materially affects us in the future.</span></div><div><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_28"></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 2.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:35.36pt">PROPERTIES.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table sets forth the principal properties that we own or lease for use in our operations:</span></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:43.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.536%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:41.130%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Location</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ownership</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Use</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Afton Alps, MN</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, clubhouse, buildings, commercial space and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Alpine Valley Resort, OH</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, golf course, clubhouse, buildings, commercial space and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Andermatt Ski Resort, Switzerland</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings, commercial space and other improvements, and dining facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Andermatt Ski Resort, Switzerland</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including buildings, commercial space, parking and other improvements, dining facilities and employee housing</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Andermatt Ski Resort, Switzerland</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Easement</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including third party land use rights, and dining facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Andermatt Ski Resort, Switzerland</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Concession contract</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including third party land use rights</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Arrowhead Mountain, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management and commercial space</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Attitash Mountain, NH</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings, commercial space and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Attitash Mountain, NH (279 acres)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">BC Housing RiverEdge, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26% Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Employee housing facilities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Bachelor Gulch Village, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management and commercial space</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Beaver Creek Resort, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management, commercial space and real estate held for sale or development</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Beaver Creek Mountain, CO (3,801 acres)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Beaver Creek Mountain Resort, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Golf course, clubhouse, commercial space&#160;and residential condominium units</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Big Boulder Mountain, PA</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Boston Mills, OH</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Brandywine, OH</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">39</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:43.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.536%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:41.130%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Location</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ownership</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Use</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Breckenridge Ski Resort, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management, commercial space and real estate held for sale or development</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Breckenridge Mountain, CO (5,702 acres)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Breckenridge Terrace, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50% Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Employee housing facilities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Broomfield, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Corporate offices</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Colter Bay Village, WY</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Concession contract</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lodging and dining facilities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Crans-Montana Mountain Resort, Switzerland</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">84% Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements and commercial space</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Crans-Montana Mountain Resort, Switzerland</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski school and dining operations</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Crested Butte Mountain Resort, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Buildings, other improvements and land used for operation of Crested Butte Mountain Resort</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Crested Butte Mountain Resort, CO (4,350 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Crotched Mountain, NH</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Eagle-Vail, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Warehouse facility</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Edwards, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Administrative offices</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Falls Creek Alpine Resort, Victoria, Australia (1,112 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Headwaters Lodge &amp; Cabins at Flagg Ranch, WY</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Concession contract</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lodging and dining facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Heavenly Mountain Resort, CA&#160;&amp; NV</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements and commercial space</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Heavenly Mountain, CA&#160;&amp; NV (7,050 acres)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Hidden Valley Resort, MO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Hidden Valley Resort, PA</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Hotham Alpine Resort, Victoria, Australia (791 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Hunter Mountain, NY</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, golf course, clubhouse, buildings, commercial space and other improvements.</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Jack Frost Ski Resort, PA</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Jackson Hole Golf&#160;&amp; Tennis Club, WY</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Golf course, clubhouse, tennis and dining facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Jackson Lake Lodge, WY</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Concession contract</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lodging, dining and conference facilities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Jenny Lake Lodge, WY</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Concession contract</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lodging and dining facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Keystone Conference Center, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Conference facility</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Keystone Lodge, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lodging, spa, dining and conference facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Keystone Resort, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements, commercial space, property management, dining and real estate held for sale or development</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Keystone Mountain, CO (8,376 acres)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Keystone Ranch, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Golf course, clubhouse and dining facilities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Kirkwood Mountain Resort, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management and commercial space </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Kirkwood Mountain, CA (2,330 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Laurel Mountain, PA</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Liberty Mountain Resort, PA</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, golf course, clubhouse, buildings and other improvements</span></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">40</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:43.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.536%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:41.130%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Location</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ownership</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Use</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mad River Mountain, OH</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mount Snow, VT</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, golf course, clubhouse, buildings, commercial space and other improvements.</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mount Snow, VT (894 acres)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mount Sunapee Resort, NH (850 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned/Leased</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements and commercial space</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mt. Brighton, MI</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings, commercial space and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mt. Mansfield, VT (1,400 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased </span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements used for operation of Stowe Mountain Resort</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Northstar California Resort, CA (7,200 acres)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, golf course, commercial space, dining facilities, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Northstar Village, CA</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Commercial space, ski resort operations, dining facilities, buildings, property management and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Okemo Mountain Resort, VT</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management and commercial space</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Okemo Mountain, VT (1,223 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, dining facilities, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Paoli Peaks, IN</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned/Leased</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Park City Mountain, UT (8,900 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations including ski lifts, ski trails, buildings, commercial space, dining facilities, property management, conference facilities and other improvements (including areas previously referred to as Canyons Resort, UT)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Park City Mountain, UT (220 acres)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, dining facilities, commercial space, buildings, real estate held for sale or development and other improvements </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Perisher Ski Resort, NSW, Australia (3,335 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned/Leased/Licensed</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> </span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, dining facilities, commercial space, railway, buildings, lodging, conference facilities and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Red Cliffs Lodge, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Dining facilities, ski resort operations, commercial space, administrative offices</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Red Sky Ranch, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Golf courses, clubhouses, dining facilities and real estate held for sale or development</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">River Course at Keystone, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Golf course and clubhouse</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Roundtop Mountain Resort, PA</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings, commercial space and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Seven Springs Resort, PA</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, dining facilities, commercial space, lodging, property management, conference facilities and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Snow Creek, MO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SSI Venture, Inc. (&#8220;VRR&#8221;) Properties; CO, CA, NV, UT, MN &amp; BC, Canada</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned/Leased</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Approximately 245 rental and retail stores (of which approximately 85 stores are currently held under lease) for recreational products, 7 leased warehouses and 4 My Epic Gear member services locations.</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski Tip Lodge, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lodging and dining facilities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stevens Pass, WA</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Employee housing and guest parking facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stevens Pass Mountain, WA (2,443 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stevens Pass Ski Resort, WA</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements and commercial space</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stowe Mountain Resort, VT</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements and commercial space</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Arrabelle at Vail Square, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lodging, spa, dining and conference facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Lodge at Vail, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lodging, spa, dining and conference facilities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Osprey at Beaver Creek, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lodging, dining and conference facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Tarnes at Beaver Creek, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">31% Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Employee housing facilities</span></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">41</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:43.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.536%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:41.130%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Location</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ownership</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Use</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Tenderfoot Housing, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50% Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Employee housing facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Pines Lodge at Beaver Creek, CO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lodging, dining and conference facilities</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Vail Mountain, CO</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management, commercial space and real estate held for sale or development</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Vail Mountain, CO (12,353 acres)</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Whistler Blackcomb Resort, BC, Canada</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">75% Owned</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management, commercial space and real estate held for sale or development</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Whistler Mountain and Blackcomb Mountain, BC, Canada</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">MDA</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Whistler Blackcomb Resort, BC, Canada</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Leased</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Employee housing facilities</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Whitetail Resort, PA</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski resort operations, including ski lifts, ski trails, golf course, buildings, commercial space and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Wildcat Mountain, NH (953 acres)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SUP</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Wilmot Mountain, WI</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Owned</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ski trails, ski lifts, buildings and other improvements</span></td></tr></table></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Many of our properties are used across all segments in complementary and interdependent ways.</span></div><div style="text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_31"></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 3.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:35.36pt">LEGAL PROCEEDINGS.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are a party to various lawsuits arising in the ordinary course of business. We believe that we have adequate insurance coverage and/or have accrued for all estimable and probable loss contingencies for asserted and unasserted matters and that, although the ultimate outcome of such claims cannot be ascertained, current pending and threatened claims are not expected, individually or in the aggregate, to have a material adverse impact on our financial position, results of operations and cash flows. For additional information, see Notes to Consolidated Financial Statements.</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_34"></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 4.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:35.36pt">MINE SAFETY DISCLOSURES.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Not applicable.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">42</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_37"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PART II</span></div><div id="ie3b544e2e7c945e991471c5324b69364_40"></div><div style="margin-top:12pt;padding-left:72pt;text-align:justify;text-indent:-72pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 5.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:35.36pt">MARKET FOR REGISTRANT&#8217;S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Market and Stockholders </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our common stock is traded on the New York Stock Exchange (&#8220;NYSE&#8221;) under the symbol &#8220;MTN.&#8221; As of September&#160;23, 2024, 37,485,473 shares of common stock were outstanding, held by approximately 231 holders of record.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Dividend Policy</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In fiscal 2011, our Board of Directors approved the commencement of a regular quarterly cash dividend on our common stock, subject to quarterly declaration, which has typically been increased on an annual basis. The amount, if any, of dividends to be paid in the future will depend on our available cash on hand, anticipated cash needs, overall financial condition, restrictions contained in our Ninth Amended and Restated Credit Agreement (the &#8220;Vail Holdings Credit Agreement&#8221;), future prospects for earnings and cash flows, as well as other factors considered relevant by our Board of Directors. On September 25, 2024, our Board of Directors approved a cash dividend of $2.22 per share payable on October 24, 2024 to stockholders of record as of October 8, 2024. We expect to fund the dividend with available cash on hand.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Repurchase of Equity Securities</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table sets forth our purchases of shares of our common stock during the fourth quarter of our fiscal year ended July&#160;31, 2024 (&#8220;Fiscal 2024&#8221;):</span></div><div style="margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:25.361%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.736%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.736%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.736%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.741%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Period</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total&#160;Number&#160;of</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Shares&#160;Purchased</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average&#160;Price</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Paid&#160;per&#160;Share</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total&#160;Number&#160;of</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Shares&#160;Purchased</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">as&#160;Part&#160;of&#160;Publicly</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Announced Plans</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">or Programs </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(2)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Maximum</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Number&#160;of&#160;Shares</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">that May Yet Be</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Purchased Under</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">the Plans or</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Programs </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(2)</span></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">May 1, 2024 - May 31, 2024</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">768,910&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">June 1, 2024 - June 30, 2024</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138,590&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">180.38&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138,590&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">630,320&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2024 - July 31, 2024</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">630,320&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138,590&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">180.38&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138,590&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">630,320&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:6pt;padding-left:27pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1) &#160;&#160;&#160;&#160;Average price per share excludes any excise tax imposed on stock repurchases as part of the Inflation Reduction Act of 2022.</span></div><div style="padding-left:27pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2) &#160;&#160;&#160;&#160;The share repurchase program is conducted under authorizations made from time to time by our Board of Directors. The Board of Directors initially authorized the repurchase of up to 3,000,000 Vail Shares (March 9, 2006), and later authorized additional repurchases of up to 3,000,000 Vail Shares (July 16, 2008), 1,500,000 Vail Shares (December 4, 2015), and 2,500,000 Vail Shares (March 7, 2023), for a total authorization to repurchase up to 10,000,000 Vail Shares. From inception of this stock repurchase program through July&#160;31, 2024, the Company has repurchased 9,369,680 shares at a cost of approximately $1,129.4 million, excluding excise tax. As of July&#160;31, 2024, 630,320 shares remained available to repurchase under the existing repurchase authorization. On September 25, 2024, the Company&#8217;s Board of Directors approved an increase in the number of shares authorized to be repurchased under the share repurchase program by an additional 1,100,000 Vail Shares. As a result, 1,730,320 Vail Shares are available to repurchase under the share repurchase program. Repurchases under these authorizations may be made from time to time at prevailing prices as permitted by applicable laws, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and subject to market conditions and other factors. The timing as well as the number of Vail Shares that may be repurchased under the program will depend on several factors, including our future financial performance, our available cash resources and competing uses for cash that may arise in the future, the restrictions in our Vail Holdings Credit Agreement, prevailing prices of Vail Shares and the number of Vail Shares that become available for sale at prices that we believe are attractive. These authorizations have no expiration date.</span></div><div style="margin-top:12pt;padding-left:27pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Performance Graph </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The total return graph below is presented for the period from the beginning of our fiscal year ended July 31, 2020 through the end of Fiscal 2024. The comparison assumes that $100 was invested at the beginning of the period in our common stock (&#8220;MTN&#8221;), The Russell 2000 Stock Index, The Standard&#160;&amp; Poor&#8217;s 500 Stock Index and the Dow Jones U.S. Travel and Leisure </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">43</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Stock Index, with dividends reinvested where applicable. We include the Dow Jones U.S. Travel and Leisure Index as we believe we compete in the travel and leisure industry.</span></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The performance graph is not deemed filed with the Securities and Exchange Commission (&#8220;SEC&#8221;) and is not to be incorporated by reference into any of our filings under the Securities Act of 1933 or the Exchange Act, unless such filings specifically incorporate the performance graph by reference therein.</span></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:center"><img src="mtn-20240731_g5.jpg" alt="5.0 Stock Performance Data 10-K Graph.jpg" style="height:333px;margin-bottom:5pt;vertical-align:text-bottom;width:556px"/></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:28.724%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.595%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.595%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.595%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.595%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.595%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.601%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">As of July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2019</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.00&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73.31&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116.51&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92.40&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94.94&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76.48&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Russell 2000</span></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.00&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91.14&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138.48&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">118.64&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">127.97&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">146.17&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Standard&#160;&amp; Poor&#8217;s 500</span></div></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.00&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120.87&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">164.90&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">157.22&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">177.64&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">216.97&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dow Jones U.S. Travel and Leisure</span></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.00&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88.25&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">129.66&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">105.59&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138.95&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">144.40&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div id="ie3b544e2e7c945e991471c5324b69364_43"></div><div style="margin-top:18pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 6.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:35.36pt">[Reserved]</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_46"></div><div style="padding-left:72pt;text-align:justify;text-indent:-72pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 7.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:35.36pt">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations (&#8220;MD&amp;A&#8221;) should be read in conjunction with the Consolidated Financial Statements and notes related thereto included in this Form 10-K. To the extent that the following MD&amp;A contains statements which are not of a historical nature, such statements are forward-looking statements which involve risks and uncertainties. These risks include, but are not limited to, those discussed in Item&#160;1A. &#8220;Risk Factors&#8221; in this Form 10-K. The following discussion and analysis should be read in conjunction with the Forward-Looking Statements section and Item&#160;1A. &#8220;Risk Factors,&#8221; each included in this Form 10-K.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The MD&amp;A includes discussion of financial performance within each of our three segments. We have chosen to specifically include segment Reported EBITDA (defined as segment net revenue less segment operating expense, plus segment equity investment income or loss, and for the Real Estate segment, plus gain or loss on sale of real property) in the following discussion because we consider this measurement to be a significant indication of our financial performance. We utilize segment Reported EBITDA in evaluating our performance and in allocating resources to our segments. Net Debt (defined as long-term debt, net plus long-term debt due within one year less cash and cash equivalents) is included in the following discussion because we consider this measurement to be a significant indication of our available capital resources. We also </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">believe that Net Debt is an important measurement as it is an indicator of our ability to obtain additional capital resources for our future cash needs. Resort Reported EBITDA (defined as the combination of segment Reported EBITDA of our Mountain and Lodging segments), Total Reported EBITDA (which is Resort Reported EBITDA plus segment Reported EBITDA from our Real Estate segment) and Net Debt are not measures of financial performance or liquidity defined under accounting principles generally accepted in the United States (&#8220;GAAP&#8221;). Refer to the end of the Results of Operations section for a reconciliation of net income attributable to Vail Resorts, Inc. to Total Reported EBITDA and Resort Reported EBITDA, and long-term debt, net to Net Debt.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Items excluded from Resort Reported EBITDA, Total Reported EBITDA and Net Debt are significant components in understanding and assessing financial performance or liquidity. Resort Reported EBITDA, Total Reported EBITDA and Net Debt should not be considered in isolation or as an alternative to, or substitute for, net income, net change in cash and cash equivalents or other financial statement data presented in the Consolidated Financial Statements. Because Resort Reported EBITDA, Total Reported EBITDA and Net Debt are not measurements determined in accordance with GAAP and are thus susceptible to varying calculations, Resort Reported EBITDA, Total Reported EBITDA and Net Debt, as presented herein, may not be comparable to other similarly titled measures of other companies. In addition, our segment Reported EBITDA (i.e. Mountain, Lodging and Real Estate), the measure of segment profit or loss required to be disclosed in accordance with GAAP, may not be comparable to other similarly titled measures of other companies.</span></div><div id="ie3b544e2e7c945e991471c5324b69364_49"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Overview</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our operations are grouped into three integrated and interdependent segments: Mountain, Lodging and Real Estate. We refer to &#8220;Resort&#8221; as the combination of the Mountain and Lodging segments. The Mountain, Lodging and Real Estate segments represented approximately 88%, 12% and 0%, respectively, of our net revenue for Fiscal 2024.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Mountain Segment</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the Mountain segment, the Company operates the following 42 destination mountain resorts and regional ski areas (collectively, &#8220;Resorts&#8221;): </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><img src="mtn-20240731_g2.jpg" alt="MAPUPDATE_20240510 (1).jpg" style="height:301px;margin-bottom:5pt;vertical-align:text-bottom;width:684px"/></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">*Denotes a destination mountain resort, which generally receives a meaningful portion of skier visits from long-distance travelers, as opposed to our regional ski areas, which tend to generate skier visits predominantly from their respective local markets.</span></div><div style="text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">45</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, we operate ancillary services, primarily including ski school, dining and retail/rental operations, and for our Australian ski areas, including lodging and transportation operations. Mountain segment revenue is seasonal, with the majority of revenue earned from our North American and European ski operations occurring in our second and third fiscal quarters and the majority of revenue earned from our Australian ski operations occurring in our first and fourth fiscal quarters. Our North American and European Resorts typically experience their peak operating season for the Mountain segment from mid-December through mid-April, and our Australian ski areas typically experience their peak operating season from June to earl</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">y October</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Our largest source of Mountain segment revenue comes from the sale of lift tickets (including pass products), which represented approximately 57%, 56%, and 59% of Mountain segment net revenue for Fiscal 2024, the fiscal year ended July&#160;31, 2023 (&#8220;Fiscal 2023&#8221;) and the fiscal year ended July&#160;31, 2022 (&#8220;Fiscal 2022&#8221;), respectively.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lift revenue is driven by volume and pricing. Pricing is impacted by absolute pricing, as well as both the demographic and geographic mix of guests, which impacts the price points at which various products are purchased. The demographic mix of guests that visit our North American Resorts is divided into two primary categories: (i) out-of-state and international (&#8220;Destination&#8221;) guests and (ii) in-state and local (&#8220;Local&#8221;) guests. The geographic mix depends on levels of visitation to our destination mountain resorts versus our regional ski areas. For both the 2023/2024 and 2022/2023 North American ski seasons, Destination guests comprised approximately 57% of our North American destination mountain resort skier visits (excluding complimentary access), while Local guests comprised approximately 43%, which compares to approximately 58% and 42%, respectively, for the 2021/2022 North American ski season. Skier visitation at our regional ski areas is largely comprised of Local guests. Destination guests generally purchase our higher-priced lift tickets (including pass products) and utilize more ancillary services such as ski school, dining and retail/rental, as well as lodging at or around our mountain resorts. Additionally, Destination guest visitation is less likely to be impacted by changes in the weather during the current season, but may be more impacted by adverse economic conditions, the global geopolitical climate, travel disruptions or weather conditions in the immediately preceding ski season. Local guests tend to be more value-oriented and weather-sensitive.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We offer a variety of pass products for all of our Resorts, marketed toward both Destination and Local guests. Our pass product offerings range from providing access to one or a combination of our Resorts for a certain number of days to our Epic Pass, which allows pass holders unlimited and unrestricted access to all of our Resorts. The Epic Day Pass is a customizable one to seven day pass product purchased in advance of the season, for those skiers and riders who want to purchase access for a certain number of days during the season, and which is available in three tiers of resort access offerings. Our pass products provide a compelling value proposition to our guests, which in turn assists us in developing a loyal base of customers who commit to ski at our Resorts generally in advance of the ski season and typically ski more days each season at our Resorts than those guests who do not buy pass products. Additionally, we enter into strategic long-term pass alliance agreements with third-party mountain resorts, which further increase the value proposition of our pass products. For the 2024/2025 ski season, our pass alliances include Telluride Ski Resort in Colorado, Hakuba Valley and Rusutsu Resort in Japan, Resorts of the Canadian Rockies in Canada, Les 3 Vall&#233;es in France, Disentis Ski Area and Verbier 4 Vall&#233;es in Switzerland, Skirama Dolomiti in Italy and Ski Arlberg in Austria. Our pass program drives strong customer loyalty; mitigates exposure to more weather sensitive guests; generates additional ancillary spending; and provides cash flow in advance of winter season operations. In addition, our pass program attracts new guests to our Resorts. All of our pass products, including the Epic Pass and Epic Day Pass, are predominately sold prior to the start of the ski season. Pass product revenue, although primarily collected prior to the ski season, is recognized in our Consolidated Statements of Operations throughout the ski season on a straight-line basis using the number of skiable days of the season-to-date period relative to the total estimated number of skiable days of the season.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lift revenue consists of pass product lift revenue (&#8220;pass revenue&#8221;) and non-pass product lift revenue (&#8220;non-pass revenue&#8221;). Approximately 65%, 61% and 61% of total lift revenue was derived from pass revenue for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The cost structure of our mountain resort operations has a significant fixed component with variable expenses including, but not limited to, land use permit or lease fees, credit card fees, retail/rental cost of sales and labor, ski school labor and expenses associated with our dining operations; as such, profit margins can fluctuate greatly based on the level of revenues.</span></div><div style="margin-bottom:6pt;margin-top:14pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Lodging Segment</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operations within the Lodging segment include: (i)&#160;ownership/management of a group of luxury hotels through the RockResorts brand proximate to our Colorado and Utah mountain resorts; (ii)&#160;ownership/management of non-RockResorts branded hotels and condominiums proximate to our North American Resorts; (iii)&#160;National Park Service (&#8220;NPS&#8221;) concessioner properties, including the Grand Teton Lodge Company (&#8220;GTLC&#8221;); (iv)&#160;a Colorado resort ground transportation company; and (v)&#160;mountain resort golf courses.</span></div><div style="text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">46</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The performance of our lodging properties (including managed condominium rooms) proximate to our Resorts, and our Colorado resort ground transportation company, are closely aligned with the performance of the Mountain segment and generally experience similar seasonal trends, particularly with respect to visitation by Destination guests. Revenues from such properties represented approximately 68%, 71% and 73% of Lodging segment net revenue (excluding Lodging segment revenue associated with the reimbursement of payroll costs) for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. Management primarily focuses on Lodging net revenue excluding payroll cost reimbursements and Lodging operating expense excluding reimbursed payroll costs (which are not measures of financial performance under GAAP) as the reimbursements are made based upon the costs incurred with no added margin and as such, the revenue and corresponding expense do not affect our Lodging Reported EBITDA, which we use to evaluate Lodging segment performance. Revenue of the Lodging segment during our first and fourth fiscal quarters is generated primarily by the operations of our NPS concessioner properties (as their peak operating season generally occurs during the months of June to October), as well as golf operations and seasonally low operations from our other owned and managed properties and businesses.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Real Estate Segment</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The principal activities of our Real Estate segment include the sale of land parcels to third-party developers and planning for future real estate development projects, including zoning and acquisition of applicable permits. We continue undertaking preliminary planning and design work on future projects and are pursuing opportunities with third-party developers rather than undertaking our own significant vertical development projects. Real estate development projects by third-party developers most often result in the creation of certain resort assets that provide additional benefit to the Mountain segment. We believe that, due to our low carrying cost of real estate land investments, we are well situated to promote future projects by third-party developers while limiting our financial risk. Our revenue from the Real Estate segment and associated expense can fluctuate significantly based upon the timing of closings and the type of real estate being sold, causing volatility in the Real Estate segment&#8217;s operating results from period to period.</span></div><div id="ie3b544e2e7c945e991471c5324b69364_52"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Recent Trends, Risks and Uncertainties</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have identified the following important factors (as well as risks and uncertainties associated with such factors) that could impact our future financial performance or condition:</span></div><div style="padding-left:27pt;text-align:justify"><span><br/></span></div><div style="padding-left:27pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Our overall results for the year highlight the stability and resilience of our advance commitment strategy. Skier visitation declined 9.5% compared to the prior year, driven by unfavorable conditions across our resorts in North America and Australia, combined with the impact of broader industry normalization post-COVID following record visitation in North America during the 2022/2023 ski season. In North America, snowfall across our western resorts was down 28% from the prior year and our Eastern U.S. resorts (comprising the Midwest, Mid-Atlantic and Northeast) experienced limited natural snow and variable temperatures. Despite industry normalization and challenging conditions, Resort Reported EBITDA, excluding the impact of the Crans-Montana acquisition, remained consistent with prior year results. Performance was supported by strong growth in ancillary spending per visit across ski school, dining, and rental businesses at our resorts, and by strong delivery of the guest experience and cost discipline across our operations.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:27pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Overall weather conditions, including the timing and amount of snowfall, can have an impact on Mountain and Lodging revenue, particularly with regard to skier visits and the duration and frequency of guest visitation. To help mitigate this impact, we sell a variety of pass products prior to the beginning of the ski season, which results in a more stabilized stream of lift revenue. Additionally, our pass products provide a compelling value proposition to our guests, which in turn create a guest commitment predominately prior to the start of the ski season. In March 2024, we began our season pass sales program for the 2024/2025 North American ski season. Pass product sales through September 20, 2024 for the upcoming 2024/2025 North American ski season decreased approximately 3% in units and increased approximately 3% in sales dollars as compared to the prior year period through September 22, 2023. Pass product sales are adjusted to eliminate the impact of foreign currency by applying an exchange rate of $0.74 between the Canadian dollar and U.S. dollar in both periods for Whistler Blackcomb pass sales. We cannot predict if these trends will continue through the 2024 North American pass sales campaign or the overall impact that pass sales will have on lift revenue for the 2024/2025 North American ski season.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:27pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">The economies in the countries in which we operate and from which we attract our guests may be impacted by economic challenges associated with elevated inflation, prolonged elevated interest rates, geopolitical conflicts, political uncertainty and financial institution disruptions and/or fluctuating commodity prices that could adversely impact our business, including decreased guest spending or visitation or increased costs of operations. Skiing, travel and tourism are discretionary recreational activities that can entail a relatively high cost of participation. As a result, economic downturns and other negative impacts to consumer discretionary spending may have a pronounced impact on visitation to our </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">47</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Resorts. We cannot predict the extent to which we may be impacted by such potential economic challenges, whether in North America or globally.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:27pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">As of July&#160;31, 2024, we had $322.8 million of cash and cash equivalents, as well as $407.9 million available under the revolver component of the Vail Holdings Credit Agreement, which represents the total commitment of $500.0 million less certain letters of credit outstanding of $92.1 million. Additionally, we have a credit facility which supports the liquidity needs of Whistler Blackcomb (the &#8220;Whistler Credit Agreement&#8221;). As of July&#160;31, 2024, we had C$296.6 million ($214.8 million) available under the revolver component of the Whistler Credit Agreement which represents the total commitment of C$300.0 million ($217.3 million) less letters of credit outstanding of C$3.4 million ($2.5 million). We believe that our existing cash and cash equivalents, availability under our credit agreements and the continued positive cash flow from operating activities of our Mountain and Lodging segments less resort capital expenditures will continue to provide us with sufficient liquidity to fund our operations.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:27pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">On May 2, 2024, we acquired Crans-Montana Mountain Resort (&#8220;Crans-Montana&#8221;) in Switzerland from CPI Property Group for a cash purchase price of CHF 97.2 million ($106.8 million), after adjustments for certain agreed-upon items. We acquired (i) an 84% ownership stake in Remont&#233;es M&#233;caniques Crans Montana Aminona SA, which controls and operates all of the lifts and supporting mountain operations, including four retail and rental locations; (ii) 100% ownership of SportLife AG, which operates one of the ski schools located at the resort; and (iii) 100% ownership of 11 restaurants located on and around the mountain. The acquisition was funded with cash on hand. We plan to include unlimited and unrestricted access to Crans-Montana on the Epic Pass for the 2024/2025 ski season, as well as provide access on other pass products. We cannot predict the ultimate impact the acquisition of Crans-Montana will have on our future results of operations.</span></div><div id="ie3b544e2e7c945e991471c5324b69364_55"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Results of Operations</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Summary</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Shown below is a summary of operating results for Fiscal 2024, Fiscal 2023 and Fiscal 2022 (in thousands):</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:50.437%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.567%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230,405&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,148&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">347,923&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income before provision for income taxes</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">345,095&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">373,517&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">457,161&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain Reported EBITDA</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">802,072&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">822,570&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">811,167&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging Reported EBITDA</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,018&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,267&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,747&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Resort Reported EBITDA</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">825,090&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">834,837&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">836,914&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate Reported EBITDA</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,475&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,728)</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,927)</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A discussion of segment results, including reconciliations of net income attributable to Vail Resorts, Inc. to Total Reported EBITDA, and other items can be found below. The consolidated results of operations, including any consolidated financial metrics pertaining thereto, include the operations of Crans-Montana (acquired May 2, 2024), Andermatt-Sedrun (acquired August 3, 2022) and Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area in Pennsylvania (collectively, the &#8220;Seven Springs Resorts,&#8221; acquired December 31, 2021) prospectively from their respective dates of acquisition.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The sections titled &#8220;Fiscal 2024 compared to Fiscal 2023&#8221; in each of the Mountain and Lodging segment discussions below provide comparisons of financial and operating performance for Fiscal 2024 to Fiscal 2023, unless otherwise noted. Discussion of our financial results for Fiscal 2023 compared to Fiscal 2022 can be found in our Annual Report on Form 10-K for Fiscal 2023, which was filed on September 28, 2023.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">48</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_58"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Mountain Segment</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mountain segment operating results for Fiscal 2024, Fiscal 2023 and Fiscal 2022 are presented by category as follows (in thousands, except effective ticket price (&#8220;ETP)):</span></div><div style="margin-top:11pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:32.282%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.637%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.637%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.637%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.637%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.642%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Percentage</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Increase/(Decrease)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024/2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023/2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain net revenue:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lift </span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,442,784&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,420,900&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,310,213&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ski school</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">304,548&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">287,275&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223,645&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.0&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28.5&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dining</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227,572&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">224,642&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">163,705&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37.2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail/rental</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">317,196&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">361,484&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">311,768&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12.3)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252,270&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">203,783&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Mountain net revenue</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,544,370&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,540,906&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,213,114&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.8&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr style="height:6pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain operating expense:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Labor and labor-related benefits</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">731,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">744,613&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">561,266&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.8)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32.7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail cost of sales</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">107,093&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">118,717&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99,024&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9.8)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Resort related fees</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">110,113&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,797&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93,177&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">350,788&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">325,903&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">292,412&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.5&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">444,204&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">424,911&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">358,648&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18.5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Mountain operating expense</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,743,351&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,718,941&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,404,527&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.4&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22.4&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain equity investment income, net</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,053&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,580&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74.0&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(76.6)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain Reported EBITDA</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">802,072&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">822,570&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">811,167&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.5)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.4&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total skier visits</span></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,564&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,410&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,298&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9.5)</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.2&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ETP</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">82.14&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73.20&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75.74&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.2&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3.4)</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="padding-left:13.5pt;text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mountain Reported EBITDA includes $23.2 million, $21.2 million and $20.9 million of stock-based compensation expense for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal 2024 compared to Fiscal 2023</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mountain Reported EBITDA decreased $20.5 million, or 2.5%. The decrease was primarily driven by (i) challenging conditions at our North American resorts for a large portion of the 2023/2024 ski season compared to the prior year, as well as broader industry normalization post-COVID following record visitation in North America during the 2022/2023 ski season, which led to a decline in both Local and Destination skier visitation and decreases in non-pass revenue and retail/rental revenue; (ii) our Australian operations, which experienced weather-related challenges that impacted terrain during the 2023 and 2024 Australian ski seasons, compared to record visitation and favorable snow conditions during the 2022 ski season; and (iii) increases in general and administrative expenses, property tax expense and repairs and maintenance expense, each including the impact of inflation. These decreases were partially offset by (i) an increase in pass revenue, driven by an increase in pass product sales for the 2023/2024 North American ski season compared to the prior year; (ii) strong growth in spending per visit in our ski school and dining businesses compared to the prior year; (iii) decreased labor and labor-related benefits due to disciplined cost management in response to decreased skier visits; and (iv) other decreases in variable expenses. Mountain segment results also include $8.0 million and $3.1 million of acquisition and integration related expenses for Fiscal 2024 and Fiscal 2023, respectively.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lift revenue increased $21.9 million, or 1.5%, primarily due to an increase in pass revenue of 9.4%, which was primarily driven by an increase in pass product sales for the 2023/2024 North American ski season compared to the prior year, partially offset by a decrease in non-pass revenue of 10.7%, primarily driven by challenging conditions at our North American resorts for a large portion of the season compared to the prior year, as well as broader industry normalization post-COVID following record visitation in North America during the 2022/2023 ski season, and a decrease in non-pass revenue at our Australian resorts as a result of decreased visitation from weather-related challenges that impacted terrain during the 2023 and 2024 Australian ski seasons, compared to record visitation and favorable snow conditions in the 2022 Australian ski season. The decrease in non-pass revenue was partially offset by an increase in non-pass ETP of 11.2%.</span></div><div style="text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">49</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ski school revenue increased $17.3 million, or 6.0%, and dining revenue increased $2.9 million, or 1.3%, both primarily as a result of an increase in guest spending per visit at our North American resorts. Retail/rental revenue decreased $44.3 million, or 12.3%, for which retail sales decreased $29.2&#160;million, or 13.8%, and rental sales decreased $15.2&#160;million, or 10.1%. The decrease in both retail and rental revenue was primarily driven by a decrease in skier visitation of 9.5%, which impacted sales at our on-mountain retail outlets in North America, as well as broader industry-wide customer spending trends and our exit of certain leased store operations which we operated in the prior year, which resulted in a revenue reduction of approximately $18.2 million.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other revenue mainly consists of summer revenues, other mountain activities revenue, employee housing revenue, guest services revenue, commercial leasing revenue, marketing and internet advertising revenue, private club revenue (which includes both club dues and amortization of initiation fees), municipal services revenue and other recreation activity revenue. Other revenue also includes Australian resort lodging and transportation revenue. Other revenue increased $5.7&#160;million, or 2.3%, primarily driven by an increase in guest spending per visit at our North American resorts.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating expense increased $24.4 million, or 1.4%, which was primarily attributable to an increase in general and administrative expenses, property tax expense, and repairs and maintenance expense, partially offset by reduced labor hours at our North American Resorts in the current year as a result of challenging weather conditions that existed for a large portion of the season, which impacted our ability to operate at full capacity, as well as disciplined cost management. Operating expense includes $8.0 million and $3.1 million of acquisition and integration related expenses for Fiscal 2024 and Fiscal 2023, respectively.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Labor and labor-related benefits decreased 1.8%, primarily attributable to reduced labor hours at our North American Resorts in the current year as a result of challenging weather conditions that existed for a large portion of the season, which impacted our ability to operate at full capacity, as well as disciplined cost management. Retail cost of sales decreased 9.8%, compared to a decrease in retail sales of 13.8%, reflecting decreased margins on retail products driven by higher sales of discounted inventory. Resort related fees increased 5.1% primarily as a result of an increase in revenues on which those fees are based. General and administrative expense increased 7.6%, primarily due to an increase in allocated corporate overhead costs across nearly all corporate functions (which includes the incremental impact of our prior year investments in employee wages, which went into effect in October 2022, and the impact of updated allocations of general and administrative expenses between segments which offsets primarily with decreases in the Lodging segment). Other expense increased 4.5%, primarily due to increased property taxes ($5.0&#160;million), acquisition and integration related expenses ($4.9&#160;million), repairs and maintenance expense ($4.6&#160;million), professional services expense ($3.3&#160;million) and utilities expense ($2.5&#160;million), including the impact of inflation, partially offset by decreased dining cost of sales ($3.8&#160;million) and fuel expenses ($3.4 million).</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mountain equity investment income, net primarily includes our share of income from the operations of a real estate brokerage company.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_61"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Lodging Segment</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lodging segment operating results for Fiscal 2024, Fiscal 2023 and Fiscal 2022 are presented by category as follows (in thousands, except average daily rate (&#8220;ADR&#8221;) and revenue per available room (&#8220;RevPAR&#8221;)):</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:32.331%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.656%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.656%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.656%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.656%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.513%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Percentage</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Increase/(Decrease)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024/2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023/2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging net revenue:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Owned hotel rooms</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83,977&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80,117&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80,579&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.6)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Managed&#160;condominium&#160;rooms</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86,199&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96,785&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,704&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10.9)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.9)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dining</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63,255&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62,445&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,569&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28.6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transportation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,309&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,242&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,021&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.0&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4.9)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Golf</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,722&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,737&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,975&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.1&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,368&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55,816&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.0&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20.0&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging net revenue (excluding payroll cost reimbursements)</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">319,830&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">323,142&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">300,348&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.0)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.6&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payroll cost reimbursements</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,287&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,251&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,742&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5.6)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Lodging net revenue</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">336,117&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">340,393&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">312,090&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.3)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.1&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging operating expense:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Labor&#160;and&#160;labor-related&#160;benefits</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">139,840&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">148,915&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">128,884&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6.1)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15.5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59,239&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63,562&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55,081&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6.8)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15.4&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,733&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98,398&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,636&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.7)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging operating expense (excluding reimbursed payroll costs)</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">296,812&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">310,875&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274,601&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4.5)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13.2&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reimbursed payroll costs</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,287&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,251&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,742&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5.6)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46.9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Lodging operating expense</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">313,099&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">328,126&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">286,343&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4.6)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.6&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging Reported EBITDA</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,018&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,267&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,747&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87.6&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(52.4)</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:32.331%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.656%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.656%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.656%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.656%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.513%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Owned hotel statistics</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">:</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ADR</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">317.65&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">312.15&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">309.78&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">RevPar</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161.82&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">160.75&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">170.84&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.7&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5.9)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Managed condominium statistics:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ADR</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">424.13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">416.77&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">410.13&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">RevPar</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">118.91&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">124.41&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">122.15&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4.4)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Owned hotel and managed condominium statistics (combined):</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ADR</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">381.60&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">378.62&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">373.89&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">RevPar</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">130.41&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133.48&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133.53&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.3)</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lodging Reported EBITDA includes $3.3 million, $4.0 million and $3.7 million of stock-based compensation expense for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal 2024 compared to Fiscal 2023</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lodging Reported EBITDA increased $10.8 million, or 87.6%, driven by a decrease in labor and labor-related benefits primarily associated with strong cost management and lower staffing required to support a reduced inventory of managed condominium rooms, as well as a decrease in general and administrative expense, partially offset by a decrease in revenues primarily due to a reduction in our inventory of available managed condominium rooms proximate to our mountain resorts.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">51</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenue from owned hotel rooms increased $3.9 million, or 4.8%, primarily due to an increase in revenue at GTLC as a result of improved visitation which was assisted by favorable weather conditions, and which enabled increased room pricing for owned hotel rooms and resulted in higher ADR. Revenue from managed condominium rooms decreased $10.6 million, or 10.9% primarily due to a reduction in our inventory of available managed condominium rooms proximate to our mountain resorts, as well as decreased demand, including the impact of decreased skier visitation driven by challenging weather conditions at our North American resorts for a large portion of the season compared to the prior year.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating expense (excluding reimbursed payroll costs) decreased 4.5%. Labor and labor-related benefits decreased 6.1%, primarily associated with strong cost management and lower staffing required to support a reduced inventory of managed condominium rooms. General and administrative expense decreased 6.8% compared to the prior year, primarily due to a decrease in allocated corporate overhead costs, including the impact of updated allocations of general and administrative expenses between segments which offsets primarily with increases in the Mountain segment.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenue from payroll cost reimbursement and the corresponding reimbursed payroll costs relate to payroll costs at managed hotel properties where we are the employer and all payroll costs are reimbursed by the owners of the properties under contractual arrangements. Since the reimbursements are made based upon the costs incurred with no added margin, the revenue and corresponding expense have no effect on our Lodging Reported EBITDA.</span></div><div id="ie3b544e2e7c945e991471c5324b69364_64"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Real Estate Segment</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our Real Estate net revenue is primarily determined by the timing of closings and the mix of real estate sold in any given period. Different types of projects have different revenue and profit margins; therefore, as the real estate inventory mix changes, it can greatly impact Real Estate segment net revenue, operating expense, gain or loss on sale of real property and Real Estate Reported EBITDA.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Real Estate segment operating results for Fiscal 2024, Fiscal 2023 and Fiscal 2022 are presented by category as follows (in thousands):</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.830%"><tr><td style="width:1.0%"/><td style="width:33.071%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.473%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.539%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.473%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.539%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.473%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.539%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.473%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.539%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.481%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Percentage</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Increase/(Decrease)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024/2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023/2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Real Estate net revenue</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,704&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,065&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">708&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(41.7)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,039.1&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate operating expense:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cost of sales (including sales commissions)</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,607&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,146&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">251&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(29.9)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,950.2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,907&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,489&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,660&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.6&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3.0)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Real Estate operating expense</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,514&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,635&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,911&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10.5)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79.9&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain on sale of real property</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,285&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">842&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">646.4&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(34.0)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate Reported EBITDA</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,475&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,728)</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,927)</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">185.4&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56.0&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal 2024</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During Fiscal 2024, we closed on the sale of a land parcel in Keystone, CO for $4.2&#160;million, which was recorded within Real Estate net revenue, with a corresponding cost of sale of $3.6&#160;million. Additionally, we recorded a gain on sale of real property for $6.3&#160;million related to a land parcel sale in Beaver Creek, CO, which closed for proceeds of $6.5&#160;million.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other operating expense of $5.9 million was primarily comprised of general and administrative costs, such as labor and labor-related benefits, professional services and allocated corporate overhead costs.</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal 2023</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During Fiscal 2023, we closed on the sale of a land parcel in Keystone for $7.5 million, which was recorded within Real Estate net revenue, with a corresponding cost of sale (including sales commission) of $5.1 million.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other operating expense of $5.5 million was primarily comprised of general and administrative costs, such as labor and labor-related benefits, professional services and allocated corporate overhead costs.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">52</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_67"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Other Items</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to segment operating results, the following items contributed to our overall financial position and results of operations (in thousands).</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.538%"><tr><td style="width:1.0%"/><td style="width:40.888%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.027%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.027%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.027%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.730%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.737%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Percentage Increase/(Decrease)</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024/2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023/2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(276,493)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(268,501)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(252,391)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.4&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense, net </span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(161,839)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(153,022)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(148,183)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3.3)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment income and other, net </span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,592&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,744&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,718&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(21.7)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">538.6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(98,816)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(88,414)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(88,824)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.5)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effective tax rate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28.6)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23.7)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(19.4)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.9 pts</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.3 pts</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Depreciation and amortization</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Depreciation and amortization expense for Fiscal 2024 increased $8.0 million compared to the prior year, primarily due to depreciation expense recorded for capital projects recently completed at our Resorts and assets acquired in the acquisition of Crans-Montana ($3.4 million).</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Interest expense, net. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest expense, net for Fiscal 2024 increased $8.8 million compared to the prior year, primarily due to an increase in variable interest rates associated with the unhedged portion of our term loan borrowings under the Vail Holdings Credit Agreement.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investment income and other, net. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Investment income and other, net for Fiscal 2024 decreased $5.2 million compared to Fiscal 2023, primarily as a result of decreased average balances of interest-earning investments, as excess cash balances were utilized during Fiscal 2024 for share repurchases and the cash purchase price for the acquisition of Crans-Montana.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Provision for income taxes.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;The effective tax rate for Fiscal 2024 was 28.6%, compared to 23.7% for Fiscal 2023. The increase in the effective tax rate was primarily due to an increase in net unfavorable discrete items impacting the tax provision in the current period, including a decrease in the impact of the lapse of the statute of limitations for an uncertain tax position ($5.9 million) and a nonrecurring foreign partnership basis adjustment ($4.7 million).</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">53</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_70"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reconciliation of Non-GAAP Measures</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table reconciles net income attributable to Vail Resorts, Inc. to Total Reported EBITDA for Fiscal 2024, Fiscal 2023 and Fiscal 2022 (in thousands): </span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:53.445%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.562%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.562%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.565%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230,405&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,148&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">347,923&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,874&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,955&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,414&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,279&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,103&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">368,337&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98,816&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,414&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,824&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income before provision for income taxes</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">345,095&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">373,517&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">457,161&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,493&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,501&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252,391&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss (gain) on disposal of fixed assets and other, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,633&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,070&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(43,992)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value of contingent consideration</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47,957&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,836&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,280&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment income and other, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,592)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,744)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,718)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign currency loss on intercompany loans</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,140&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,907&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,682&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161,839&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">153,022&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">148,183&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Reported EBITDA</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">826,565&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">833,109&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">832,987&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain Reported EBITDA</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">802,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">822,570&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">811,167&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging Reported EBITDA</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,018&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,267&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,747&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Resort Reported EBITDA</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">825,090&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">834,837&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">836,914&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate Reported EBITDA</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,475&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,728)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,927)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Reported EBITDA</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">826,565&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">833,109&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">832,987&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table reconciles long-term debt, net to Net Debt (defined as long-term debt, net plus long-term debt due within one year less cash and cash equivalents) (in thousands):</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:66.835%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.567%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt, net</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,721,597&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,750,675&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt due within one year</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,153&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69,160&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total debt</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,778,750&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,819,835&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: cash and cash equivalents</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322,827&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">562,975&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net Debt</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,455,923&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,256,860&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="text-align:center"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_73"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Liquidity and Capital Resources</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Changes in significant sources and uses of cash for Fiscal 2024, Fiscal 2023 and Fiscal 2022 are presented by categories as follows (in thousands):</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.970%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.544%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net cash provided by operating activities</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">586,774&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">639,563&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">710,499&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net cash used in investing activities</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(241,069)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(273,167)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(347,917)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net cash used in financing activities</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(574,788)</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(915,708)</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(493,136)</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Historically, we have lower cash available at the end of each first and fourth fiscal quarter-ends as compared to our second and third fiscal quarter-ends, primarily due to the seasonality of our Mountain segment operations.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">54</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal 2024 compared to Fiscal 2023</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We generated $586.8 million of cash from operating activities during Fiscal 2024, a decrease of $52.8 million compared to $639.6 million generated during Fiscal 2023. The decrease in operating cash flows was primarily a result of (i) an increase in income tax payments of approximately $35.0&#160;million, driven by overpayments, net operating loss carryforwards and other deductions in the prior year which offset our estimated payments during Fiscal 2023; (ii) an increase in cash interest payments ($6.1 million); and (iii) a decrease in investment income collected ($5.2 million). </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash used in investing activities for Fiscal 2024 decreased by $32.1 million, primarily due to (i) a decrease in capital expenditures of approximately $103.7&#160;million as compared to the prior year, driven by our significant investments in lift upgrades impacting Fiscal 2023; (ii) prior year short-term bank deposit investments of $86.8&#160;million, which were invested in deposits with maturity dates of more than three months at the date of purchase and were therefore not reflected as cash equivalents as of July 31, 2023, of which $57.6 million and $38.0 million matured during the Fiscal 2024 and Fiscal 2023, respectively; and (iii) $38.6&#160;million of cash paid to Andermatt Swiss Alps AG upon closing the acquisition of Andermatt-Sedrun, net of cash acquired, on August 3, 2022. These decreases in cash used in investing activities were partially offset by the prior year return of a cash deposit of approximately $114.5&#160;million (CHF&#160;110.0&#160;million) originally made in July 2022 in conjunction with the acquisition of Andermatt-Sedrun, which closed on August 3, 2022. The cash deposit was invested into Andermatt-Sedrun, which is included in our consolidated financial statements subsequent to the acquisition being completed. Additionally, the decreases were also partially offset by the cash purchase price of $94.4&#160;million, net of cash acquired of $12.4&#160;million, related to the acquisition of Crans-Montana on May 2, 2024.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash used in financing activities decreased by $340.9 million during Fiscal 2024 compared to Fiscal 2023, primarily due to a decrease in repurchases of common stock of $350.0&#160;million.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Significant Sources of Cash</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We had $322.8 million of cash and cash equivalents as of July&#160;31, 2024, compared to $563.0 million as of July&#160;31, 2023, and the decrease was primarily attributable to the cash purchase price associated with the acquisition of Crans-Montana, net of cash acquired, and share repurchases completed during Fiscal 2024. We currently anticipate that our Mountain and Lodging segment operating results will continue to provide a significant source of future operating cash flows (primarily generated in our second and third fiscal quarters).</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to our $322.8 million of cash and cash equivalents at July&#160;31, 2024, we had $407.9 million available under the revolver component of our Vail Holdings Credit Agreement as of July&#160;31, 2024 (which represents the total commitment of $500.0 million less outstanding letters of credit of $92.1 million). Additionally, we had C$296.6 million ($214.8 million) available under the revolver component of our Whistler Credit Agreement (which represents the total commitment of C$300.0&#160;million ($217.3 million) less certain outstanding letters of credit of C$3.4 million ($2.5 million)). We expect that our liquidity needs in the near term will be met by continued use of our existing cash and cash equivalents, operating cash flows and borrowings under both the Vail Holdings Credit Agreement and Whistler Credit Agreement, if needed. Under the Vail Holdings Credit Agreement and the Whistler Credit Agreement, any new borrowings would be priced at the Secured Overnight Financing Rate plus 1.60% and Canadian Overnight Repo Rate Average plus 1.75%, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Significant Uses of Cash</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Capital Expenditures</span></div><div style="margin-top:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have historically invested significant amounts of cash in capital expenditures for our resort operations, and we expect to continue to do so, subject to operating performance particularly as it relates to discretionary projects. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Currently planned capital expenditures primarily include investments that will allow us to maintain our high-quality standards for the guest experience, as well as certain incremental discretionary improvements at our Resorts, throughout our owned hotels and in technology that can impact the full network. We evaluate discretionary capital improvements based on an expected level of return on investment.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">55</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We currently anticipate that we will spend approximately $189&#160;million to $194&#160;million on resort capital expenditures during calendar year 2024, excluding $13&#160;million of incremental capital investments in premium fleet and fulfillment infrastructure to support the official launch of My Epic Gear for the 2024/2025 winter season at 12 destination mountain resorts and regional ski areas across North America, $8&#160;million of growth capital investments at Andermatt-Sedrun, $1&#160;million of reimbursable capital, and investments at Crans-Montana, which we expect will include $3 million of maintenance capital expenditures and $2 million associated with integration activities at Crans-Montana. Including My Epic Gear premium fleet, fulfillment infrastructure capital, one-time investments, and investments at Crans-Montana, our total capital plan for calendar year 2024 is expected to be approximately $216&#160;million to $221&#160;million. Included in these estimated capital expenditures are approximately $117&#160;million to $122&#160;million of maintenance capital expenditures (excluding Crans-Montana), which are necessary to maintain appearance and level of service appropriate to our resorts. We currently plan to utilize cash on hand, borrowings available under our credit agreements and/or cash flow generated from future operations to provide the cash necessary to complete our capital plans.</span></div><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Approximately $81 million was spent for capital expenditures in calendar year 2024 as of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, leaving approximately $135 million to $140 million to spend in the remainder of calendar year 2024.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Acquisition of Crans-Montana</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 2, 2024, we acquired Crans-Montana for a purchase price of CHF 97.2 million ($106.8 million), after adjustments for certain agreed-upon items, which was funded with cash on hand.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Debt</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, principal payments on $2.0 billion of our $2.8 billion in long-term debt outstanding as of July&#160;31, 2024 are not due until fiscal year 2029 and beyond.&#160;As of both July&#160;31, 2024 and 2023, total long-term debt, net (including long-term debt due within one year) was $2.8 billion. Net Debt (defined as long-term debt, net plus long-term debt due within one year less cash and cash equivalents) was $2.5&#160;billion and $2.3&#160;billion as of July&#160;31, 2024 and 2023, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, the Vail Holdings Credit Agreement provides for (i) a revolving loan facility in an aggregate principal amount of $500.0 million and (ii) a term loan facility of $959.8&#160;million, and the Whistler Credit Agreement provides for a revolving loan facility in an aggregate principal amount of C$300.0 million. We expect that our liquidity needs in the near term will be met by continued use of our existing cash and cash equivalents, operating cash flows and borrowings under the Vail Holdings Credit Agreement and the Whistler Credit Agreement, if needed.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our debt service requirements can be impacted by changing interest rates as we had approximately $0.6&#160;billion of net variable-rate debt outstanding as of July&#160;31, 2024 (net of $400.0&#160;million of interest rate swap agreements which hedged the variable interest rate component of the Vail Holdings Credit Agreement, and which expired on September 23, 2024). A 100-basis point change in our borrowing rates would cause our annual interest payments on our net variable-rate debt to change by approximately $6.1&#160;million based on the rates in effect as of July 31, 2024, which does not include the impact of the expiration of the interest rate swaps. Additionally, the annual payments associated with the financing of the Canyons Resort transaction increase by the greater of CPI less 1%, or 2%. The fluctuation in our debt service requirements, in addition to interest rate and inflation changes, may be impacted by future borrowings under our credit agreements or other alternative financing arrangements we may enter into. Our long term liquidity needs depend upon operating results that impact the borrowing capacity under our credit agreements. We can respond to liquidity impacts of changes in the business and economic environment by managing our capital expenditures, variable operating expenses, the timing of new real estate development activity and the payment of cash dividends on our common stock.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 8, 2024, we completed our offering of $600 million aggregate principal amount of 6.50% senior notes due 2032 at par (the &#8220;Notes&#8221;). The Notes are unsecured senior obligations of the Company and will be guaranteed by certain of our domestic subsidiaries (other than certain excluded subsidiaries). The net proceeds, together with cash on hand, funded the redemption of all $600 million of our outstanding 6.25% Senior Notes due 2025 at a redemption price equal to 100% of their principal amount and all related fees and expenses. We will pay interest on the Notes on May 15 and November 15 of each year commencing on November 15, 2024. The Notes will mature on May 15, 2032. The Notes are redeemable, in whole or in part, at any time on or after May 15, 2027 at the redemption prices specified in a 2024 Indenture dated as of May 8, 2024 (the &#8220;2024 Indenture&#8221;) plus accrued and unpaid interest. Prior to May 15, 2027, we may redeem some or all of the Notes at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, plus a &#8220;make-whole&#8221; premium as specified in the 2024 Indenture. In addition, prior to May&#160;15, 2027, we may redeem up to 40% of the aggregate principal amount of the Notes with an amount not to exceed the net cash proceeds from certain equity offerings at the redemption price of 106.50% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest. The Notes are senior unsecured obligations of the Company and rank equally in right of payment with existing and future senior indebtedness of the Company and the guarantors (as defined in the 2024 Indenture).</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">56</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2024 Indenture contains covenants that, among other things, restrict the ability of the Company and the guarantors to incur liens on assets; merge or consolidate with another company or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the Company&#8217;s assets or engage in Sale and Leaseback Transactions (as defined in the 2024 Indenture). The 2024 Indenture does not contain any financial maintenance covenants. Certain of the covenants will not apply to the Notes so long as the Notes have investment grade ratings from two specified rating agencies and no event of default has occurred and is continuing under the 2024 Indenture. The 2024 Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the 2024 Indenture, certain defaults on certain other indebtedness, certain events of bankruptcy, insolvency or reorganization, and invalidity of the guarantees of the Notes issued pursuant to the 2024 Indenture.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Material Cash Requirements</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As part of our ongoing operations, we enter into arrangements that obligate us to make future payments under contracts such as debt agreements and construction agreements in conjunction with our resort capital expenditures. Debt obligations, which totaled $2.8&#160;billion as of July&#160;31, 2024, are recognized as liabilities in our Consolidated Balance Sheet. Obligations under construction contracts and other purchase commitments are not recognized as liabilities in our Consolidated Balance Sheet until services and/or goods are received. A summary of our material cash obligations as of July&#160;31, 2024 (excluding obligations presented elsewhere, including Notes to Consolidated Financial Statements) is presented below (in thousands):</span></div><div style="margin-top:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:36.765%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.742%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.742%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.742%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.742%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.747%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Payments Due by Period</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fiscal</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2-3</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">4-5</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">More than</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">years</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">years</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">5 years</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,481,028&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">171,107&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">912,578&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,007,745&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,389,598&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Service contracts</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,577&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,480&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,317&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">780&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Purchase obligations and other </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">591,423&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">409,398&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93,811&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,119&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">85,095&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total contractual cash obligations</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,118,028&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">613,985&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,017,706&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,011,644&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,474,693&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;padding-left:13.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Long-term debt includes principal payments, fixed-rate interest payments (including payments that are required under interest rate swaps) and estimated variable interest payments utilizing interest rates in effect at July&#160;31, 2024, and assumes all debt outstanding as of July&#160;31, 2024 will be held to maturity. The future annual interest obligations noted herein are estimated only in relation to debt outstanding as of July&#160;31, 2024, and do not reflect interest obligations on potential future debt or refinancing. </span></div><div style="margin-top:6pt;padding-left:13.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Long-term debt also includes $12.8 million of proceeds resulting from real estate transactions accounted for as financing arrangements, which are expected to be recognized on the Company&#8217;s Statements of Operations in future years as a result of the anticipated resolution of continuing involvement, with no associated cash outflow.</span></div><div style="margin-top:6pt;padding-left:13.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(2) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Purchase obligations and other primarily includes amounts which are classified as trade payables ($141.2 million), accrued payroll and benefits ($104.2 million), accrued fees and assessments ($33.9 million), contingent consideration liability ($104.2 million) and accrued taxes (including taxes for uncertain tax positions) ($112.5 million) on our Consolidated Balance Sheet as of July&#160;31, 2024. These amounts also include other commitments for goods and services not yet received, including construction contracts and minimum commitments under season pass alliance agreements, which are not included on our Consolidated Balance Sheet as of July&#160;31, 2024 in accordance with GAAP.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">57</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Share Repurchase Program</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our share repurchase program is conducted under authorizations made from time to time by our Board of Directors. On March&#160;9, 2006, our Board of Directors initially authorized the repurchase of up to 3,000,000 shares of Vail Shares and later authorized additional repurchases of up to 3,000,000 additional Vail Shares (July 16, 2008), 1,500,000 Vail Shares (December 4, 2015), and 2,500,000 Vail Shares (March 7, 2023), for a total authorization to repurchase shares of up to 10,000,000 Vail Shares. During Fiscal 2024, we repurchased 721,378 shares (at an average price of $207.93) for a total cost of approximately $150.0&#160;million, excluding accrued excise tax. Since the inception of this stock repurchase program through&#160;July&#160;31, 2024, we have repurchased 9,369,680 Vail Shares at a cost of approximately $1,129.4&#160;million. As of July&#160;31, 2024, 630,320 Vail Shares remained available to repurchase under the existing repurchase authorization. On September 25, 2024, the Company&#8217;s Board of Directors approved an increase in the number of shares authorized to be repurchased under the share repurchase program by an additional 1,100,000 Vail Shares. As a result, 1,730,320 Vail Shares are available to repurchase under the share repurchase program. Vail Shares purchased pursuant to the repurchase program will be held as treasury shares and may be used for the issuance of shares under our share award plan. Repurchases under the program may be made from time to time at prevailing prices as permitted by applicable laws, and subject to market conditions and other factors. The timing, as well as the number of Vail Shares that may be repurchased under the program, will depend on several factors, including our future financial performance, our available cash resources and competing uses for cash that may arise in the future, the restrictions in our Vail Holdings Credit Agreement, prevailing prices of Vail Shares and the number of Vail Shares that become available for sale at prices that we believe are attractive. The share repurchase program has no expiration date.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Dividend Payments</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During Fiscal 2024, we paid cash dividends of $8.56 per share ($323.7&#160;million). During Fiscal 2023, we paid cash dividends of $7.94 per share ($314.4 million, including cash dividends paid to Exchangeco shareholders). On September 25, 2024, our Board of Directors approved a cash dividend of $2.22 per share payable on October 24, 2024 to stockholders of record as of October 8, 2024. We expect to fund the dividend with available cash on hand. The amount, if any, of dividends to be paid in the future will depend on our available cash on hand, anticipated cash needs, overall financial condition, restrictions contained in our Vail Holdings Credit Agreement, future prospects for earnings and cash flows, as well as other factors considered relevant by our Board of Directors.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Covenants and Limitations</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We must abide by certain restrictive financial covenants under our credit agreements. The most restrictive of those covenants include the following: for the Vail Holdings Credit Agreement, Net Funded Debt to Adjusted EBITDA ratio, Secured Net Funded Debt to Adjusted EBITDA ratio and the Interest Coverage ratio (each as defined in the Vail Holdings Credit Agreement); for the Whistler Credit Agreement, Consolidated Total Leverage Ratio and Consolidated Interest Coverage Ratio (each as defined in the Whistler Credit Agreement); and for the EPR Secured Notes, Maximum Leverage Ratio and Consolidated Fixed Charge Ratio (each as defined in the EPR Agreements). Additionally, the New Regional Policy loan between Andermatt-Sedrun and the Canton of Uri and Canton of Graub&#252;nden dated June 24, 2016 includes restrictive covenants requiring certain minimum financial results (as defined in the agreement). In addition, our financing arrangements limit our ability to make certain restricted payments, pay dividends on or redeem or repurchase stock, make certain investments, make certain affiliate transfers and may limit our ability to enter into certain mergers, consolidations or sales of assets and incur certain indebtedness. Our borrowing availability under the Vail Holdings Credit Agreement is primarily determined by the Net Funded Debt to Adjusted EBITDA ratio, which is based on our operating performance, as defined in the Vail Holdings Credit Agreement. Our borrowing availability under the Whistler Credit Agreement is primarily determined by the Consolidated Total Leverage Ratio, which is based on the operating performance of the loan parties, as defined in the Whistler Credit Agreement.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We were in compliance with all restrictive financial covenants in our debt instruments as of July&#160;31, 2024. We expect that we will continue to meet all applicable financial maintenance covenants in effect in our credit agreements throughout the year ending July 31, 2025; however, there can be no assurance that we will continue to meet such financial covenants. If such covenants are not met, we would be required to seek a waiver or amendment from the banks participating in our credit agreements. There can be no assurance that such waiver or amendment would be granted, which could have a material adverse impact on our liquidity.</span></div><div id="ie3b544e2e7c945e991471c5324b69364_79"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Off Balance Sheet Arrangements</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We do not have off balance sheet transactions that are expected to have a material effect on our financial condition, revenue, expenses, results of operations, liquidity, capital expenditures or capital resources.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">58</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_82"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Critical Accounting Policies</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of Consolidated Financial Statements in conformity with GAAP requires us to select accounting policies and to make judgments and estimates affecting the application of those accounting policies. In applying our accounting policies, different business conditions or the use of different assumptions may result in materially different amounts reported in the Consolidated Financial Statements.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have identified the most critical accounting policies which were determined by considering accounting policies that involve the most complex or subjective decisions or assessments. We also have other policies considered key accounting policies; however, these policies do not meet the definition of critical accounting policies because they do not generally require us to make estimates or judgments that are complex or subjective. We have reviewed these critical accounting policies and related disclosures with our Audit Committee of the Board of Directors.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Goodwill and Intangible Assets</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Description</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The carrying value of goodwill and indefinite-lived intangible assets are evaluated for possible impairment on an annual basis or between annual tests if an event occurs or circumstances change that would more likely than not reduce the estimated fair value of a reporting unit or indefinite-lived intangible asset below its carrying value. Definite-lived intangible assets are evaluated for impairment only when there is evidence that events or changes in circumstances indicate that the carrying amount of these assets may not be recoverable. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Judgments and Uncertainties</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Application of the goodwill and indefinite-lived intangible asset impairment test requires judgment, including the identification of reporting units, determination of the type of impairment test that should be performed, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units and determination of the estimated fair value of reporting units and indefinite-lived intangible assets. We have the option to first perform a qualitative analysis to determine whether it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset exceeds the carrying amount. If it is determined, based on qualitative factors, that the fair value of the reporting unit or indefinite-lived intangible asset is more likely than not less than its carrying amount, or if significant changes to macro-economic factors related to the reporting unit or intangible asset have occurred that could materially impact the estimated fair value since the previous quantitative analysis was performed, a quantitative impairment test may be required. The quantitative test includes determination of the estimated fair value of our reporting units using a discounted cash flow analysis and determination of the estimated fair value of indefinite-lived intangible assets primarily using the income approach based upon estimated future revenue streams. These analyses require significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, available industry/market data (to the extent available), estimation of the long-term rate of growth for our business including expectations and assumptions regarding the impact of general economic conditions on our business, estimation of terminal value, determination of the respective weighted average cost of capital and market participant assumptions. Changes in these estimates and assumptions could materially affect the determination of estimated fair value and the amount of any potential impairment for each reporting unit or indefinite-lived intangible asset. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Effect if Actual Results Differ From Assumptions</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Goodwill and indefinite-lived intangible assets are tested for impairment at least annually as of May&#160;1. If the net carrying value of the reporting units or assets exceed their estimated fair value, an impairment will be recognized in an amount equal to that excess; otherwise, no impairment loss is recognized. During Fiscal 2024, we performed qualitative analyses of our reporting units and indefinite-lived intangible assets and determined that the estimated fair value of all material reporting units and indefinite-lived intangible assets exceeded their respective carrying values.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fair value determinations require considerable judgment and are sensitive to changes in underlying assumptions and factors. As a result, there can be no assurance that the estimates and assumptions made for purposes of the annual goodwill or indefinite-lived asset impairment tests are accurate. Examples of events or circumstances that could reasonably be expected to negatively affect the underlying key assumptions and ultimately impact the estimated fair value of our reporting units may include such items as: (1)&#160;prolonged adverse weather conditions resulting in a sustained decline in guest visitation; (2) a prolonged weakness in the general economic conditions in which guest visitation and spending is adversely impacted; and (3)&#160;volatility in the equity and debt markets which could result in a higher discount rate.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">59</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While we believe that our estimates and judgments are reasonable and while historical quantitative tests concluded that the estimated fair values of our reporting units and indefinite-lived assets that are in excess of carrying values, if our assumptions are not realized, it is possible that an impairment charge may need to be recorded in the future. However, it is not possible at this time to determine if an impairment charge would result or if such a charge would be material. As of July&#160;31, 2024, we had $1,678.0 million of goodwill and $252.2 million of indefinite-lived intangible assets recorded on our Consolidated Balance Sheet. There can be no assurance that the estimates and assumptions made for purposes of the annual goodwill and indefinite-lived intangible asset impairment tests will prove to be an accurate prediction of the future.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Tax Contingencies</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Description</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We must make certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments occur in the calculation of tax credits and deductions and in the calculation of certain tax assets and liabilities, which arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes, as well as the interest and penalties relating to uncertain tax positions. The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. We recognize liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires us to estimate and measure the largest tax benefit that is cumulatively greater than 50% likely of being reversed upon ultimate settlement. It is inherently difficult and subjective to estimate such amounts, as this requires us to determine the probability of various possible outcomes. This evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, interpretation of tax law, effectively settled issues under audit and new audit activity. A significant amount of time may pass before a particular matter, for which we may have established a reserve, is audited and fully resolved.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Judgments and Uncertainties</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The estimates of our tax contingencies reserve contain uncertainty because management must use judgment to estimate the potential exposure associated with our various filing positions.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Effect if Actual Results Differ From Assumptions</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe the estimates and judgments we have made related to tax contingencies are reasonable and we have adequate reserves for uncertain tax positions. Our reserves for uncertain tax positions, including any income tax related interest and penalties, are $57.1 million as of July&#160;31, 2024. This reserve solely relates to the treatment of the Canyons lease payments obligation as payments of debt obligations and that the tax basis in Canyons goodwill is deductible. Actual results could differ and we may be exposed to increases or decreases in those reserves and tax provisions that could be material.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">An unfavorable tax settlement could require the use of cash and could possibly result in increased tax expense and effective tax rate and/or adjustments to our deferred tax assets and deferred tax liabilities in the year of resolution. A favorable tax settlement could possibly result in a reduction in our tax expense, effective tax rate, income taxes payable, other long-term liabilities and/or adjustments to our deferred tax assets and deferred tax liabilities in the year of settlement or in future years.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Depreciable Lives of Assets</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Description</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mountain and lodging operational assets, furniture and fixtures, computer equipment, software, vehicles and leasehold improvements are primarily depreciated using the straight-line method over the estimated useful life of the asset. Assets may become obsolete or require replacement before the end of their useful life in which the remaining book value would be written-off or we could incur costs to remove or dispose of assets no longer in use.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Judgments and Uncertainties</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The estimates of our useful lives of the assets contain uncertainty because management must use judgment to estimate the useful life of the asset.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">60</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Effect if Actual Results Differ From Assumptions</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Although we believe the estimates and judgments discussed herein are reasonable, actual results could differ, and we may be exposed to increased expense related to depreciable assets disposed of, removed or taken out of service prior to its originally estimated useful life, which may be material. A 10% decrease in the estimated useful lives of depreciable assets would have increased depreciation expense by approximately $30.3 million for Fiscal 2024.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Business Combinations</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Description</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A component of our growth strategy has been to acquire and integrate businesses that complement our existing operations. We account for business combinations in accordance with the guidance for business combinations and related literature. Accordingly, we allocate the purchase price of acquired businesses to the identifiable tangible and intangible assets acquired and liabilities assumed based upon their estimated fair values at the date of acquisition. The difference between the purchase price and the estimated fair value of assets acquired and liabilities assumed is recorded as goodwill. In determining the estimated fair values of assets acquired and liabilities assumed in a business combination, we use various recognized valuation methods including present value modeling and referenced market values (where available). Valuations are performed by management or independent valuation specialists under management&#8217;s supervision, where appropriate. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Judgments and Uncertainties</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accounting for business combinations requires our management to make significant estimates and assumptions, especially at the acquisition date, including our estimates for intangible assets, contractual obligations assumed and contingent consideration, where applicable. Although we believe the assumptions and estimates we have made in the past have been reasonable and appropriate, they are based in part on historical experience and information obtained from the management of the acquired companies and are inherently uncertain. Examples of critical estimates in valuing certain of the intangible assets we have acquired include, but are not limited to: determination of weighted average cost of capital, market participant assumptions, royalty rates, terminal multiples and estimates of future cash flows to be generated by the acquired assets. In addition to the estimates and assumptions applied to valuing intangible assets acquired, the determination of the estimated fair value of contingent consideration, including estimating the likelihood and timing of achieving the relevant thresholds for contingent consideration payments, requires the use of subjective judgments. We estimate the fair value of the Park City contingent consideration payments using an option pricing valuation model which incorporates, among other factors, projected achievement of specified financial performance measures, discount rates and volatility for the respective business. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Effect if Actual Results Differ From Assumptions</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe that the estimated fair values assigned to the assets acquired and liabilities assumed are based on reasonable assumptions that a marketplace participant would use. While we use our best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date, our estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, we may record adjustments, which could be significant, to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the estimated fair values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments would be recorded on our Consolidated Statements of Operations. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We recognize the fair value of contingent consideration, if any, at the date of acquisition as part of the consideration transferred to acquire a business. The liability associated with contingent consideration is remeasured to fair value at each reporting period subsequent to the date of acquisition taking into consideration changes in financial projections and long-term growth rates, among other factors, that may impact the timing and amount of contingent consideration payments until the term of the agreement has expired or the contingency is resolved. Increases in the fair value of contingent consideration are recorded as losses on our Consolidated Statements of Operations, while decreases in fair value are recorded as gains. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">New Accounting Standards</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to the Summary of Significant Accounting Policies within the Notes to Consolidated Financial Statements for a discussion of new accounting standards.</span></div><div id="ie3b544e2e7c945e991471c5324b69364_88"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Seasonality and Quarterly Results</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our mountain and lodging operations are seasonal in nature, with a typical peak operating season in North America and Europe generally beginning in mid-December and running through mid-April. In particular, revenue and profits for our North American and European mountain and most of our lodging operations are substantially lower and historically result in losses from late </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">61</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">spring to late fall. Conversely, peak operating seasons for our NPS concessioner properties, our mountain resort golf courses and our Australian resorts&#8217; ski season generally occur during the North American summer months, and these operations typically incur operating losses during the North American and European winter months. Revenue and profits generated by NPS concessioner properties&#8217; summer operations, golf operations and Australian resorts&#8217; ski operations are not sufficient to fully offset our off-season losses from our North American and European mountain and other lodging operations. During Fiscal 2024, approximately 82% of total combined Mountain and Lodging segment net revenue (excluding Lodging segment revenue associated with reimbursement of payroll costs) was earned during the second and third fiscal quarters. Therefore, the operating results for any three-month period are not necessarily indicative of the results that may be achieved for any subsequent quarter or for a full year (see Notes to Consolidated Financial Statements).</span></div><div id="ie3b544e2e7c945e991471c5324b69364_91"></div><div style="margin-top:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM&#160;7A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Interest Rate Risk.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Our exposure to market risk is limited primarily to the fluctuating interest rates associated with variable rate indebtedness. At July&#160;31, 2024, we had approximately $0.6 billion of net variable rate indebtedness (after taking into consideration $400.0 million in interest rate swaps which converts variable-rate debt to fixed-rate debt, which expired on September 23, 2024), representing approximately 22% of our total debt outstanding, at an average interest rate during Fiscal 2024 of approximately 6.9%. Based on variable-rate borrowings outstanding as of July&#160;31, 2024, a 100-basis point (or 1.0%) change in our borrowing rates would result in our annual interest payments changing by $6.1 million. Our market risk exposure fluctuates based on changes in underlying interest rates, as well as our potential entry into future interest rate hedging instruments or expiration of existing interest rate hedging agreements.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Foreign Currency Exchange Rate Risk. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are exposed to currency translation risk because the results of our international entities are reported in local currency, which we then translate to U.S. dollars for inclusion in our Consolidated Financial Statements. As a result, changes between the foreign exchange rates, in particular the Canadian dollar, Australian dollar and Swiss franc compared to the U.S. dollar, affect the amounts we record for our foreign assets, liabilities, revenues and expenses, and could have a negative effect on our financial results. Additionally, we have foreign currency transaction exposure from an intercompany loan to Whistler Blackcomb that is not deemed to be permanently invested, which has and could materially change due to fluctuations in the Canadian dollar exchange rate. The results of Whistler Blackcomb are reported in Canadian dollars; the results of our Australian resorts are reported in Australian dollars; and the results of our Swiss resorts are reported in Swiss francs, each of which we then translate to U.S. dollars for inclusion in our Consolidated Financial Statements. We do not currently enter into hedging arrangements to minimize the impact of foreign currency fluctuations on our operations.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the amounts of foreign currency translation adjustments, representing losses, and foreign currency loss on intercompany loans recognized in comprehensive income (in thousands):</span></div><div style="margin-top:14pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.538%"><tr><td style="width:1.0%"/><td style="width:52.312%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.736%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.736%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.334%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign currency translation adjustments</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(67,384)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,439)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(46,493)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign currency loss on intercompany loans</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,140)</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,907)</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,682)</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:9pt;text-align:center"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">62</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_94"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:18pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 8.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:35.36pt">FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Vail Resorts, Inc.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Consolidated Financial Statements for the Years Ended July&#160;31, 2024, 2023 and 2022</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:82.087%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.713%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_97">Management&#8217;s Report on Internal Control Over Financial Reporting</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_97">64</a></span></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_100">Report of Independent Registered Public Accounting Firm</a> (PCAOB ID <ix:nonNumeric contextRef="c-1" name="dei:AuditorFirmId" id="f-39">238</ix:nonNumeric>)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_100">65</a></span></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Consolidated Financial Statements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_103">Consolidated Balance Sheets</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_103">67</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_106">Consolidated Statements of Operations</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_106">68</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_109">Consolidated Statements of Comprehensive Income</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_109">69</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_112">Consolidated Statements of Stockholders&#8217; Equity</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_112">70</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_115">Consolidated Statements of Cash Flows</a></span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_115">71</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_118">Notes to Consolidated Financial Statements</a></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="#ie3b544e2e7c945e991471c5324b69364_118">72</a></span></div></td></tr></table></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">63</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_97"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Management&#8217;s Report on Internal Control over Financial Reporting</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management of Vail Resorts, Inc. (the &#8220;Company&#8221;) is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Securities Exchange Act of 1934. The Company&#8217;s internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles in the United States of America.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of the effectiveness of internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management, including the Company&#8217;s Chief Executive Officer and Chief Financial Officer, assessed the effectiveness of the Company&#8217;s internal control over financial reporting as of July&#160;31, 2024. In making this assessment, management used the criteria established in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Internal Control-Integrated Framework </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">issued by the Committee of Sponsoring Organizations of the Treadway Commission in 2013. Based on this assessment, management concluded that, as of July&#160;31, 2024, the Company&#8217;s internal control over financial reporting was effective. Management&#8217;s evaluation and conclusion on the effectiveness of internal control over financial reporting as of July 31, 2024 excluded certain elements of internal controls of Crans-Montana Mountain Resort (&#8220;Crans-Montana,&#8221; acquired May 2, 2024) due to the timing of this acquisition. Those elements of the acquired resort&#8217;s internal controls over financial reporting that have been excluded represent approximately 0.4% of total consolidated assets and approximately 0.1% of total consolidated net revenues of the Company as of and for the year ended July 31, 2024.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s independent registered public accounting firm, PricewaterhouseCoopers LLP, has issued an attestation report on the effectiveness of the Company&#8217;s internal control over financial reporting as of July&#160;31, 2024, as stated in the Report of Independent Registered Public Accounting Firm on the following page.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">64</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_100"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Report of Independent Registered Public Accounting Firm</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Board of Directors and Stockholders</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of Vail Resorts, Inc.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Opinions on the Financial Statements and Internal Control over Financial Reporting</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have audited the accompanying consolidated balance sheets of Vail Resorts, Inc.</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and its subsidiaries</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(the &#8220;Company&#8221;) as of July&#160;31, 2024</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and 2023,</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and the related consolidated statements of operations, of comprehensive income, of stockholders&#8217; equity and of cash flows for each of the three years in the period ended July&#160;31, 2024, including the related notes (collectively referred to as the &#8220;consolidated financial statements&#8221;).</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also have audited the Company's internal control over financial reporting as of July&#160;31, 2024, based on criteria established in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Internal Control - Integrated Framework</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2013)</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In our opinion, the consolidated</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">financial statements referred to above present fairly, in all material respects, the financial position of the Company as of July&#160;31, 2024</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and 2023</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and the results of its</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">operations and its</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">cash flows for each of the three years in the period ended July&#160;31, 2024</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of July&#160;31, 2024, based on criteria established in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Internal Control - Integrated Framework</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2013)</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">issued by the COSO.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis for Opinions</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's management is responsible for these consolidated financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management&#8217;s Annual Report on Internal Control over Financial Reporting. Our responsibility is to express opinions on the Company&#8217;s consolidated</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">financial statements and on the Company's internal control over financial reporting based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">financial statements are free of material misstatement, whether due to error or fraud, and whether effective internal control over financial reporting was maintained in all material respects.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our audits of the consolidated</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">financial statements included performing procedures to assess the risks of material misstatement of the consolidated</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">financial statements. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As described in Management&#8217;s Report on Internal Control over Financial Reporting, management has excluded Crans-Montana Mountain Resort from its assessment of internal control over financial reporting as of July 31, 2024 because it was acquired by the Company in a purchase business combination during the year ended July 31, 2024. We have also excluded Crans-Montana from our audit of internal control over financial reporting. Crans-Montana is a subsidiary whose total assets and total revenues excluded from management&#8217;s assessment and our audit of internal control over financial reporting represent 0.4% and less than 0.1%, respectively, of the related consolidated financial statement amounts as of and for the year ended July 31, 2024.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Definition and Limitations of Internal Control over Financial Reporting</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A company&#8217;s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company&#8217;s internal control over financial reporting includes those policies and procedures that (i)&#160;pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii)&#160;provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">65</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii)&#160;provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company&#8217;s assets that could have a material effect on the financial statements.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Critical Audit Matters</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that (i) relates to accounts or disclosures that are material to the consolidated financial statements and (ii) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.</span></div><div><span><br/></span></div><div style="padding-right:2.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Fair Value Measurement of the Contingent Consideration </span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As described in Note</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to the consolidated</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">financial statements, the Company has established a liability of $104.2 million as of July&#160;31, 2024 for additional amounts that management believes are likely to be paid to the previous owner of Park City (the &#8220;Contingent Consideration&#8221;). The Company remeasures the Contingent Consideration to fair value at each reporting date until the contingency is resolved. The estimated fair value of Contingent Consideration includes the future period resort operations of Park City in the calculation of EBITDA on which participating contingent payments are made, which is determined on the basis of estimated subsequent year performance, escalated by an assumed annual growth factor and discounted to net present value. Fair value is estimated using an option pricing valuation model. As described by management, significant assumptions in determining the fair value under this model included future period Park City EBITDA, discount rate and volatility.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The principal considerations for our determination that performing procedures relating to the fair value measurement of the Contingent Consideration is a critical audit matter are (i) the significant judgment by management when developing the fair value measurement, which in turn led to a high degree of auditor judgment, subjectivity, and effort in performing procedures and evaluating audit evidence related to management&#8217;s significant assumptions for the future period Park City EBITDA, discount rate, and volatility; and (ii) the audit effort involved the use of professionals with specialized skill and knowledge. </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to management&#8217;s fair value measurement of the Contingent Consideration including controls over the Company&#8217;s significant assumptions. The procedures also included, among others, testing management&#8217;s process for developing the fair value measurement and evaluating the significant assumptions used by management, related to the future period Park City EBITDA, discount rate, and volatility. Evaluating management&#8217;s assumptions related to the future period Park City EBITDA, discount rate, and volatility involved evaluating whether the assumptions used by management were reasonable considering (i) the current and past period EBITDA performance of Park City; (ii) the consistency with external market data; and (iii) whether these assumptions were consistent with evidence obtained in other areas of the audit. Professionals with specialized skill and knowledge were used to assist in the evaluation of the Company&#8217;s discount rate and volatility assumptions.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">/s/ <ix:nonNumeric contextRef="c-1" name="dei:AuditorName" id="f-40">PricewaterhouseCoopers LLP</ix:nonNumeric></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:AuditorLocation" id="f-41">Denver, Colorado</ix:nonNumeric></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">September 26, 2024</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have served as the Company&#8217;s auditor since 2002.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">66</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_103"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Vail Resorts, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consolidated Balance Sheets</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(In thousands, except per share amounts)</span></div><div><span><br/></span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.807%"><tr><td style="width:1.0%"/><td style="width:69.004%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.847%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.849%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" format="ixt:num-dot-decimal" scale="3" id="f-42">322,827</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:CashAndCashEquivalentsAtCarryingValue" format="ixt:num-dot-decimal" scale="3" id="f-43">562,975</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue" format="ixt:num-dot-decimal" scale="3" id="f-44">14,236</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue" format="ixt:num-dot-decimal" scale="3" id="f-45">10,118</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade receivables, net of allowances</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:AccountsReceivableNetCurrent" format="ixt:num-dot-decimal" scale="3" id="f-46">375,752</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:AccountsReceivableNetCurrent" format="ixt:num-dot-decimal" scale="3" id="f-47">381,067</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Inventories, net of reserves</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:InventoryNet" format="ixt:num-dot-decimal" scale="3" id="f-48">118,988</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:InventoryNet" format="ixt:num-dot-decimal" scale="3" id="f-49">132,548</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other current assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:OtherAssetsCurrent" format="ixt:num-dot-decimal" scale="3" id="f-50">79,558</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:OtherAssetsCurrent" format="ixt:num-dot-decimal" scale="3" id="f-51">121,403</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total current assets</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:AssetsCurrent" format="ixt:num-dot-decimal" scale="3" id="f-52">911,361</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:AssetsCurrent" format="ixt:num-dot-decimal" scale="3" id="f-53">1,208,111</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment, net (Note 8)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:PropertyPlantAndEquipmentNet" format="ixt:num-dot-decimal" scale="3" id="f-54">2,422,635</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:PropertyPlantAndEquipmentNet" format="ixt:num-dot-decimal" scale="3" id="f-55">2,371,557</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate held for sale or investment</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:InventoryRealEstate" format="ixt:num-dot-decimal" scale="3" id="f-56">86,548</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:InventoryRealEstate" format="ixt:num-dot-decimal" scale="3" id="f-57">90,207</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill, net (Note 8)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-58">1,677,975</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-59">1,720,344</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets, net (Note 8)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:IntangibleAssetsNetExcludingGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-60">302,535</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:IntangibleAssetsNetExcludingGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-61">309,345</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating right-of-use assets (Note 4)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:OperatingLeaseRightOfUseAsset" format="ixt:num-dot-decimal" scale="3" id="f-62">256,627</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:OperatingLeaseRightOfUseAsset" format="ixt:num-dot-decimal" scale="3" id="f-63">192,289</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other assets</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:OtherAssetsNoncurrent" format="ixt:num-dot-decimal" scale="3" id="f-64">40,756</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:OtherAssetsNoncurrent" format="ixt:num-dot-decimal" scale="3" id="f-65">55,901</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:Assets" format="ixt:num-dot-decimal" scale="3" id="f-66">5,698,437</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:Assets" format="ixt:num-dot-decimal" scale="3" id="f-67">5,947,754</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities and Stockholders&#8217; Equity</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current liabilities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accounts payable and accrued liabilities (Note 8)</span></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:AccountsPayableAccruedLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-68">1,000,798</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:AccountsPayableAccruedLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-69">978,021</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income taxes payable</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:AccruedIncomeTaxesCurrent" format="ixt:num-dot-decimal" scale="3" id="f-70">55,358</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:AccruedIncomeTaxesCurrent" format="ixt:num-dot-decimal" scale="3" id="f-71">83,514</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt due within one year (Note 6)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent" format="ixt:num-dot-decimal" scale="3" id="f-72">57,153</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent" format="ixt:num-dot-decimal" scale="3" id="f-73">69,160</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total current liabilities</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LiabilitiesCurrent" format="ixt:num-dot-decimal" scale="3" id="f-74">1,113,309</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:LiabilitiesCurrent" format="ixt:num-dot-decimal" scale="3" id="f-75">1,130,695</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt, net (Note 6)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebtAndCapitalLeaseObligations" format="ixt:num-dot-decimal" scale="3" id="f-76">2,721,597</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:LongTermDebtAndCapitalLeaseObligations" format="ixt:num-dot-decimal" scale="3" id="f-77">2,750,675</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease liabilities (Note 4)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:OperatingLeaseLiabilityNoncurrent" format="ixt:num-dot-decimal" scale="3" id="f-78">233,465</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:OperatingLeaseLiabilityNoncurrent" format="ixt:num-dot-decimal" scale="3" id="f-79">168,326</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other long-term liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:OtherLongTermLiabilitiesNoncurrent" format="ixt:num-dot-decimal" scale="3" id="f-80">311,768</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:OtherLongTermLiabilitiesNoncurrent" format="ixt:num-dot-decimal" scale="3" id="f-81">286,261</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income taxes, net (Note 10)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredIncomeTaxLiabilitiesNet" format="ixt:num-dot-decimal" scale="3" id="f-82">279,815</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredIncomeTaxLiabilitiesNet" format="ixt:num-dot-decimal" scale="3" id="f-83">276,137</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total liabilities</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:Liabilities" format="ixt:num-dot-decimal" scale="3" id="f-84">4,659,954</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:Liabilities" format="ixt:num-dot-decimal" scale="3" id="f-85">4,612,094</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commitments and contingencies (Note 11)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"><ix:nonFraction unitRef="usd" contextRef="c-4" xsi:nil="true" name="us-gaap:CommitmentsAndContingencies" id="f-86"/></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"><ix:nonFraction unitRef="usd" contextRef="c-5" xsi:nil="true" name="us-gaap:CommitmentsAndContingencies" id="f-87"/></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stockholders&#8217; equity:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Preferred stock, $<ix:nonFraction unitRef="usdPerShare" contextRef="c-4" decimals="2" name="us-gaap:PreferredStockParOrStatedValuePerShare" scale="0" id="f-88"><ix:nonFraction unitRef="usdPerShare" contextRef="c-5" decimals="2" name="us-gaap:PreferredStockParOrStatedValuePerShare" scale="0" id="f-89">0.01</ix:nonFraction></ix:nonFraction> par value, <ix:nonFraction unitRef="shares" contextRef="c-5" decimals="-3" name="us-gaap:PreferredStockSharesAuthorized" format="ixt:num-dot-decimal" scale="3" id="f-90"><ix:nonFraction unitRef="shares" contextRef="c-4" decimals="-3" name="us-gaap:PreferredStockSharesAuthorized" format="ixt:num-dot-decimal" scale="3" id="f-91">25,000</ix:nonFraction></ix:nonFraction> shares authorized, <ix:nonFraction unitRef="shares" contextRef="c-5" decimals="0" name="us-gaap:PreferredStockSharesOutstanding" format="ixt:fixed-zero" scale="3" id="f-92"><ix:nonFraction unitRef="shares" contextRef="c-5" decimals="0" name="us-gaap:PreferredStockSharesIssued" format="ixt:fixed-zero" scale="3" id="f-93"><ix:nonFraction unitRef="shares" contextRef="c-4" decimals="0" name="us-gaap:PreferredStockSharesOutstanding" format="ixt:fixed-zero" scale="3" id="f-94"><ix:nonFraction unitRef="shares" contextRef="c-4" decimals="0" name="us-gaap:PreferredStockSharesIssued" format="ixt:fixed-zero" scale="3" id="f-95">no</ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction> shares issued and outstanding</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:PreferredStockValue" format="ixt:fixed-zero" scale="3" id="f-96">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:PreferredStockValue" format="ixt:fixed-zero" scale="3" id="f-97">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Common stock, $<ix:nonFraction unitRef="usdPerShare" contextRef="c-4" decimals="2" name="us-gaap:CommonStockParOrStatedValuePerShare" scale="0" id="f-98"><ix:nonFraction unitRef="usdPerShare" contextRef="c-5" decimals="2" name="us-gaap:CommonStockParOrStatedValuePerShare" scale="0" id="f-99">0.01</ix:nonFraction></ix:nonFraction> par value, <ix:nonFraction unitRef="shares" contextRef="c-5" decimals="0" name="us-gaap:CommonStockSharesAuthorized" format="ixt:num-dot-decimal" scale="3" id="f-100"><ix:nonFraction unitRef="shares" contextRef="c-4" decimals="0" name="us-gaap:CommonStockSharesAuthorized" format="ixt:num-dot-decimal" scale="3" id="f-101">100,000</ix:nonFraction></ix:nonFraction> shares authorized and <ix:nonFraction unitRef="shares" contextRef="c-4" decimals="0" name="us-gaap:CommonStockSharesIssued" format="ixt:num-dot-decimal" scale="3" id="f-102">46,855</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="c-5" decimals="0" name="us-gaap:CommonStockSharesIssued" format="ixt:num-dot-decimal" scale="3" id="f-103">46,798</ix:nonFraction> shares issued, respectively</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="f-104">469</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:CommonStockValue" scale="3" id="f-105">468</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additional paid-in capital</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:AdditionalPaidInCapitalCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-106">1,145,610</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:AdditionalPaidInCapitalCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-107">1,124,433</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated other comprehensive loss</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" sign="-" name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-108">67,288</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" sign="-" name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-109">10,358</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retained earnings</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:RetainedEarningsAccumulatedDeficit" format="ixt:num-dot-decimal" scale="3" id="f-110">780,431</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:RetainedEarningsAccumulatedDeficit" format="ixt:num-dot-decimal" scale="3" id="f-111">873,710</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Treasury stock, at cost; <ix:nonFraction unitRef="shares" contextRef="c-4" decimals="-3" name="us-gaap:TreasuryStockCommonShares" format="ixt:num-dot-decimal" scale="3" id="f-112">9,370</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="c-5" decimals="-3" name="us-gaap:TreasuryStockCommonShares" format="ixt:num-dot-decimal" scale="3" id="f-113">8,648</ix:nonFraction> shares, respectively (Note 13)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:TreasuryStockCarryingBasis" format="ixt:num-dot-decimal" scale="3" id="f-114">1,135,685</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:TreasuryStockCarryingBasis" format="ixt:num-dot-decimal" scale="3" id="f-115">984,306</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Vail Resorts, Inc. stockholders&#8217; equity</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:StockholdersEquity" format="ixt:num-dot-decimal" scale="3" id="f-116">723,537</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:StockholdersEquity" format="ixt:num-dot-decimal" scale="3" id="f-117">1,003,947</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:MinorityInterest" format="ixt:num-dot-decimal" scale="3" id="f-118">314,946</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:MinorityInterest" format="ixt:num-dot-decimal" scale="3" id="f-119">331,713</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total stockholders&#8217; equity</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-120">1,038,483</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-121">1,335,660</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total liabilities and stockholders&#8217; equity</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LiabilitiesAndStockholdersEquity" format="ixt:num-dot-decimal" scale="3" id="f-122">5,698,437</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:LiabilitiesAndStockholdersEquity" format="ixt:num-dot-decimal" scale="3" id="f-123">5,947,754</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying Notes are an integral part of these Consolidated Financial Statements.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">67</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_106"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Vail Resorts, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consolidated Statements of Operations</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(In thousands, except per share amounts)</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%"><tr><td style="width:1.0%"/><td style="width:53.651%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.982%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.982%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.985%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net revenue:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain and Lodging services and other</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainandLodgingservicesandotherrevenue" format="ixt:num-dot-decimal" scale="3" id="f-124">2,388,227</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainandLodgingservicesandotherrevenue" format="ixt:num-dot-decimal" scale="3" id="f-125">2,372,175</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainandLodgingservicesandotherrevenue" format="ixt:num-dot-decimal" scale="3" id="f-126">2,116,547</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain and Lodging retail and dining</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainandLodgingretailanddiningrevenue" format="ixt:num-dot-decimal" scale="3" id="f-127">492,260</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainandLodgingretailanddiningrevenue" format="ixt:num-dot-decimal" scale="3" id="f-128">509,124</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainandLodgingretailanddiningrevenue" format="ixt:num-dot-decimal" scale="3" id="f-129">408,657</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Resort net revenue</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:ResortRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-130">2,880,487</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:ResortRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-131">2,881,299</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:ResortRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-132">2,525,204</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:RealEstateRevenue" format="ixt:num-dot-decimal" scale="3" id="f-133">4,704</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:RealEstateRevenue" format="ixt:num-dot-decimal" scale="3" id="f-134">8,065</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:RealEstateRevenue" scale="3" id="f-135">708</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net revenue</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-136">2,885,191</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-137">2,889,364</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-138">2,525,912</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating expense (exclusive of depreciation and amortization shown separately below):</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain and Lodging operating expense</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainandLodgingoperatingexpenses" format="ixt:num-dot-decimal" scale="3" id="f-139">1,458,369</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainandLodgingoperatingexpenses" format="ixt:num-dot-decimal" scale="3" id="f-140">1,454,324</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainandLodgingoperatingexpenses" format="ixt:num-dot-decimal" scale="3" id="f-141">1,180,963</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain and Lodging retail and dining cost of products sold</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainandLodgingcostofproductssold" format="ixt:num-dot-decimal" scale="3" id="f-142">188,054</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainandLodgingcostofproductssold" format="ixt:num-dot-decimal" scale="3" id="f-143">203,278</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainandLodgingcostofproductssold" format="ixt:num-dot-decimal" scale="3" id="f-144">162,414</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainandLodginggeneralandadministrativeexpense" format="ixt:num-dot-decimal" scale="3" id="f-145">410,027</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainandLodginggeneralandadministrativeexpense" format="ixt:num-dot-decimal" scale="3" id="f-146">389,465</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainandLodginggeneralandadministrativeexpense" format="ixt:num-dot-decimal" scale="3" id="f-147">347,493</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Resort operating expense</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:ResortExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-148">2,056,450</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:ResortExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-149">2,047,067</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:ResortExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-150">1,690,870</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:RealEstateExpense" format="ixt:num-dot-decimal" scale="3" id="f-151">9,514</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:RealEstateExpense" format="ixt:num-dot-decimal" scale="3" id="f-152">10,635</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:RealEstateExpense" format="ixt:num-dot-decimal" scale="3" id="f-153">5,911</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total segment operating expense</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:OperatingCostsExpensesAndCostOfSales" format="ixt:num-dot-decimal" scale="3" id="f-154">2,065,964</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:OperatingCostsExpensesAndCostOfSales" format="ixt:num-dot-decimal" scale="3" id="f-155">2,057,702</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:OperatingCostsExpensesAndCostOfSales" format="ixt:num-dot-decimal" scale="3" id="f-156">1,696,781</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other operating (expense) income:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:DepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-157">276,493</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:DepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-158">268,501</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:DepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-159">252,391</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain on sale of real property</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:GainOnSaleOfRealProperty" format="ixt:num-dot-decimal" scale="3" id="f-160">6,285</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:GainOnSaleOfRealProperty" scale="3" id="f-161">842</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:GainOnSaleOfRealProperty" format="ixt:num-dot-decimal" scale="3" id="f-162">1,276</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value of contingent consideration (Note 9)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:ChangeinFairValueofContingentConsideration" format="ixt:num-dot-decimal" scale="3" id="f-163">47,957</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:ChangeinFairValueofContingentConsideration" format="ixt:num-dot-decimal" scale="3" id="f-164">49,836</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:ChangeinFairValueofContingentConsideration" format="ixt:num-dot-decimal" scale="3" id="f-165">20,280</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Loss) gain on disposal of fixed assets and other, net</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:GainLossOnDispositionOfAssets" format="ixt:num-dot-decimal" scale="3" id="f-166">9,633</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:GainLossOnDispositionOfAssets" format="ixt:num-dot-decimal" scale="3" id="f-167">9,070</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:GainLossOnDispositionOfAssets" format="ixt:num-dot-decimal" scale="3" id="f-168">43,992</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income from operations</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:OperatingIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-169">491,429</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:OperatingIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-170">505,097</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:OperatingIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-171">601,728</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense, net </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:InterestExpense" format="ixt:num-dot-decimal" scale="3" id="f-172">161,839</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:InterestExpense" format="ixt:num-dot-decimal" scale="3" id="f-173">153,022</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:InterestExpense" format="ixt:num-dot-decimal" scale="3" id="f-174">148,183</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain equity investment income, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainEquityInvestmentIncomeLossNet" format="ixt:num-dot-decimal" scale="3" id="f-175">1,053</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainEquityInvestmentIncomeLossNet" scale="3" id="f-176">605</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainEquityInvestmentIncomeLossNet" format="ixt:num-dot-decimal" scale="3" id="f-177">2,580</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment income and other, net </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:InvestmentIncomeInterest" format="ixt:num-dot-decimal" scale="3" id="f-178">18,592</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:InvestmentIncomeInterest" format="ixt:num-dot-decimal" scale="3" id="f-179">23,744</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:InvestmentIncomeInterest" format="ixt:num-dot-decimal" scale="3" id="f-180">3,718</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign currency loss on intercompany loans (Note 6)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:ForeignCurrencyTransactionGainLossBeforeTax" format="ixt:num-dot-decimal" scale="3" id="f-181">4,140</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:ForeignCurrencyTransactionGainLossBeforeTax" format="ixt:num-dot-decimal" scale="3" id="f-182">2,907</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:ForeignCurrencyTransactionGainLossBeforeTax" format="ixt:num-dot-decimal" scale="3" id="f-183">2,682</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income before provision for income taxes</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-184">345,095</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-185">373,517</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-186">457,161</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes (Note 10)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:IncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-187">98,816</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:IncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-188">88,414</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-189">88,824</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-190">246,279</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-191">285,103</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-192">368,337</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to noncontrolling interests</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-193">15,874</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-194">16,955</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-195">20,414</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to Vail Resorts, Inc.</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-196">230,405</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-197">268,148</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-198">347,923</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Per share amounts (Note 5):</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Basic net income per share attributable to Vail Resorts, Inc.</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="us-gaap:EarningsPerShareBasic" scale="0" id="f-199">6.08</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="us-gaap:EarningsPerShareBasic" scale="0" id="f-200">6.76</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-7" decimals="2" name="us-gaap:EarningsPerShareBasic" scale="0" id="f-201">8.60</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Diluted net income per share attributable to Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="us-gaap:EarningsPerShareDiluted" scale="0" id="f-202">6.07</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="us-gaap:EarningsPerShareDiluted" scale="0" id="f-203">6.74</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-7" decimals="2" name="us-gaap:EarningsPerShareDiluted" scale="0" id="f-204">8.55</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash dividends declared per share</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="us-gaap:CommonStockDividendsPerShareDeclared" scale="0" id="f-205">8.56</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="us-gaap:CommonStockDividendsPerShareDeclared" scale="0" id="f-206">7.94</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-7" decimals="2" name="us-gaap:CommonStockDividendsPerShareDeclared" scale="0" id="f-207">5.58</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying Notes are an integral part of these Consolidated Financial Statements.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">68</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_109"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Vail Resorts, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consolidated Statements of Comprehensive Income</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(In thousands)</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span><br/></span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.660%"><tr><td style="width:1.0%"/><td style="width:53.989%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.870%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.870%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.871%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-208">246,279</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-209">285,103</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-210">368,337</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign currency translation adjustments</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-211">67,384</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-212">25,439</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-213">46,493</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value of hedging instruments, net of tax</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1" format="ixt:num-dot-decimal" scale="3" id="f-214">11,149</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1" format="ixt:num-dot-decimal" scale="3" id="f-215">3,691</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1" format="ixt:num-dot-decimal" scale="3" id="f-216">18,906</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comprehensive income</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-217">167,746</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-218">263,355</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-219">340,750</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comprehensive loss (income) attributable to noncontrolling interests</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-220">5,729</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-221">16,488</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-222">9,703</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Comprehensive income attributable to Vail Resorts, Inc.</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-223">173,475</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-224">246,867</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-225">331,047</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying Notes are an integral part of these Consolidated Financial Statements.</span></div><div style="text-align:center"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">69</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_112"></div><hr style="page-break-after:always"/><div style="min-height:4.5pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:3pt;text-align:center"><span><br/></span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Vail Resorts, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consolidated Statements of Stockholders&#8217; Equity</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(In thousands, except share amounts)</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.117%"><tr><td style="width:1.0%"/><td style="width:29.661%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.911%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:6.911%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.087%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.911%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.911%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.879%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.911%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.918%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Common Stock</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Additional<br/>Paid in<br/>Capital</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Accumulated Other Comprehensive Income (Loss)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Retained<br/>Earnings</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Treasury<br/>Stock</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total Vail Resorts, Inc. Stockholders&#8217; Equity</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Noncontrolling<br/>Interests</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total<br/>Stockholders&#8217;<br/>Equity</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Vail Resorts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Balance, July 31, 2021</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-8" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="f-226">466</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-9" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-227">1,196,993</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-10" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-228">27,799</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-11" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-229">773,752</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-12" decimals="-3" sign="-" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-230">404,411</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-13" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-231">1,594,599</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-14" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-232">234,469</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-15" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-233">1,829,068</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Comprehensive income:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net income</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-16" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-234">347,923</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-235">347,923</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-236">20,414</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-237">368,337</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Foreign currency translation adjustments</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-19" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-238">35,782</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-239">35,782</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-240">10,711</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-241">46,493</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Change in estimated fair value of hedging instruments, net of tax</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-19" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" format="ixt:num-dot-decimal" scale="3" id="f-242">18,906</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" format="ixt:num-dot-decimal" scale="3" id="f-243">18,906</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" format="ixt:num-dot-decimal" scale="3" id="f-244">18,906</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total comprehensive income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-245">331,047</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-246">9,703</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-247">340,750</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Stock-based compensation expense (Note 14)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-20" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-248">24,885</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-249">24,885</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-250">24,885</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Issuance of shares under share award plan, net of shares withheld for employee taxes (Note 14)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-21" decimals="-3" sign="-" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" scale="3" id="f-251">1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-20" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-252">37,301</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-253">37,300</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-254">37,300</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Repurchases of common stock (Note 13)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-22" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" format="ixt:num-dot-decimal" scale="3" id="f-255">75,006</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" format="ixt:num-dot-decimal" scale="3" id="f-256">75,006</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" format="ixt:num-dot-decimal" scale="3" id="f-257">75,006</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Dividends (Note 5)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-16" decimals="-3" name="us-gaap:DividendsCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-258">225,786</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-17" decimals="-3" name="us-gaap:DividendsCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-259">225,786</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:DividendsCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-260">225,786</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Distributions to noncontrolling interests, net </span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-18" decimals="-3" name="us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" format="ixt:num-dot-decimal" scale="3" id="f-261">9,127</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" format="ixt:num-dot-decimal" scale="3" id="f-262">9,127</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Balance, July 31, 2022</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-23" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="f-263">467</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-24" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-264">1,184,577</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-25" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-265">10,923</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-26" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-266">895,889</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-27" decimals="-3" sign="-" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-267">479,417</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-28" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-268">1,612,439</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-29" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-269">235,045</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-30" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-270">1,847,484</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Comprehensive income:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net income</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-31" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-271">268,148</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-32" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-272">268,148</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-33" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-273">16,955</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-274">285,103</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Foreign currency translation adjustments</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-34" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-275">24,972</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-32" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-276">24,972</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-33" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" scale="3" id="f-277">467</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-278">25,439</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Change in estimated fair value of hedging instruments, net of tax</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-34" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" format="ixt:num-dot-decimal" scale="3" id="f-279">3,691</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-32" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" format="ixt:num-dot-decimal" scale="3" id="f-280">3,691</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" format="ixt:num-dot-decimal" scale="3" id="f-281">3,691</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total comprehensive income</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-32" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-282">246,867</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-33" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-283">16,488</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-284">263,355</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cumulative effect of adoption of ASU 2020-06 (Note 6)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-35" decimals="-3" sign="-" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt" format="ixt:num-dot-decimal" scale="3" id="f-285">80,066</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-31" decimals="-3" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt" format="ixt:num-dot-decimal" scale="3" id="f-286">24,023</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-32" decimals="-3" sign="-" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt" format="ixt:num-dot-decimal" scale="3" id="f-287">56,043</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt" format="ixt:num-dot-decimal" scale="3" id="f-288">56,043</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Stock-based compensation expense (Note 14)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-35" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-289">25,409</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-32" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-290">25,409</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-291">25,409</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Issuance of shares under share award plan, net of shares withheld for employee taxes (Note 14)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-36" decimals="-3" sign="-" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" scale="3" id="f-292">1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-35" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-293">5,487</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-32" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-294">5,486</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-295">5,486</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Repurchases of common stock (Note 13)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-37" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" format="ixt:num-dot-decimal" scale="3" id="f-296">504,889</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-32" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" format="ixt:num-dot-decimal" scale="3" id="f-297">504,889</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" format="ixt:num-dot-decimal" scale="3" id="f-298">504,889</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Dividends (Note 5)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-31" decimals="-3" name="us-gaap:DividendsCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-299">314,350</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-32" decimals="-3" name="us-gaap:DividendsCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-300">314,350</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:DividendsCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-301">314,350</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Estimated acquisition date fair value of noncontrolling interests (Note 7)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-33" decimals="-3" name="us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination" format="ixt:num-dot-decimal" scale="3" id="f-302">91,524</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination" format="ixt:num-dot-decimal" scale="3" id="f-303">91,524</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Distributions to noncontrolling interests, net </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-33" decimals="-3" name="us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" format="ixt:num-dot-decimal" scale="3" id="f-304">11,344</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" format="ixt:num-dot-decimal" scale="3" id="f-305">11,344</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Balance, July 31, 2023</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-38" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="f-306">468</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-39" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-307">1,124,433</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-40" decimals="-3" sign="-" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-308">10,358</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-41" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-309">873,710</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-42" decimals="-3" sign="-" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-310">984,306</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-43" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-311">1,003,947</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-44" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-312">331,713</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-313">1,335,660</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Comprehensive income (loss):</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net income</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-45" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-314">230,405</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-46" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-315">230,405</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-47" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-316">15,874</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-317">246,279</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Foreign currency translation adjustments</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-48" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-318">45,781</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-46" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-319">45,781</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-47" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-320">21,603</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-321">67,384</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Change in estimated fair value of hedging instruments, net of tax</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-48" decimals="-3" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" format="ixt:num-dot-decimal" scale="3" id="f-322">11,149</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-46" decimals="-3" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" format="ixt:num-dot-decimal" scale="3" id="f-323">11,149</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" format="ixt:num-dot-decimal" scale="3" id="f-324">11,149</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total comprehensive income (loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-46" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-325">173,475</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-47" decimals="-3" sign="-" name="us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-326">5,729</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-327">167,746</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Stock-based compensation expense (Note 14)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-49" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-328">26,803</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-46" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-329">26,803</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-330">26,803</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Issuance of shares under share award plan, net of shares withheld for employee taxes (Note 14)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-50" decimals="-3" sign="-" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" scale="3" id="f-331">1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-49" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-332">5,626</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-46" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-333">5,625</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-334">5,625</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Repurchases of common stock (Note 13)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-51" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" format="ixt:num-dot-decimal" scale="3" id="f-335">151,379</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-46" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" format="ixt:num-dot-decimal" scale="3" id="f-336">151,379</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:StockRepurchasedDuringPeriodValue" format="ixt:num-dot-decimal" scale="3" id="f-337">151,379</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Dividends (Note 5)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-45" decimals="-3" name="us-gaap:DividendsCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-338">323,684</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-46" decimals="-3" name="us-gaap:DividendsCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-339">323,684</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:DividendsCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-340">323,684</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Estimated acquisition date fair value of noncontrolling interests (Note 7)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-47" decimals="-3" name="us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination" format="ixt:num-dot-decimal" scale="3" id="f-341">14,084</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination" format="ixt:num-dot-decimal" scale="3" id="f-342">14,084</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Distributions to noncontrolling interests, net </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-47" decimals="-3" name="us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" format="ixt:num-dot-decimal" scale="3" id="f-343">25,122</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" format="ixt:num-dot-decimal" scale="3" id="f-344">25,122</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Balance, July 31, 2024</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-52" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" scale="3" id="f-345">469</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-53" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-346">1,145,610</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-54" decimals="-3" sign="-" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-347">67,288</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-55" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-348">780,431</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-56" decimals="-3" sign="-" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-349">1,135,685</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-57" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-350">723,537</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-58" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-351">314,946</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-352">1,038,483</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying Notes are an integral part of these Consolidated Financial Statements.</span></div><div style="height:0pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">70</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_115"></div><hr style="page-break-after:always"/><div style="min-height:13.5pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Vail Resorts, Inc.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consolidated Statements of Cash Flows</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(In thousands)</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:85.000%"><tr><td style="width:1.0%"/><td style="width:53.651%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.982%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.982%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.985%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash flows from operating activities:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net income</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-353">246,279</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-354">285,103</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-355">368,337</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjustments to reconcile net income to net cash provided by operating activities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:DepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-356">276,493</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:DepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-357">268,501</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:DepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-358">252,391</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stock-based compensation expense</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-359">26,803</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-360">25,409</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-361">24,885</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred income taxes, net</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:DeferredIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-362">12,095</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:DeferredIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-363">24,065</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:DeferredIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-364">9,390</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss (gain) on disposal of fixed assets and other, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:GainLossOnDispositionOfAssets1" format="ixt:num-dot-decimal" scale="3" id="f-365">9,633</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:GainLossOnDispositionOfAssets1" format="ixt:num-dot-decimal" scale="3" id="f-366">9,070</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:GainLossOnDispositionOfAssets1" format="ixt:num-dot-decimal" scale="3" id="f-367">43,992</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in estimated fair value of contingent consideration</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:ChangeinFairValueofContingentConsideration" format="ixt:num-dot-decimal" scale="3" id="f-368">47,957</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:ChangeinFairValueofContingentConsideration" format="ixt:num-dot-decimal" scale="3" id="f-369">49,836</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:ChangeinFairValueofContingentConsideration" format="ixt:num-dot-decimal" scale="3" id="f-370">20,280</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other non-cash (income) expense, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:OtherNoncashIncome" format="ixt:num-dot-decimal" scale="3" id="f-371">7,754</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:OtherNoncashIncome" format="ixt:num-dot-decimal" scale="3" id="f-372">4,687</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:OtherNoncashExpense" format="ixt:num-dot-decimal" scale="3" id="f-373">3,510</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Changes in assets and liabilities, net of effects of acquisitions:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade receivables, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:IncreaseDecreaseInAccountsReceivable" format="ixt:num-dot-decimal" scale="3" id="f-374">12,887</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:IncreaseDecreaseInAccountsReceivable" format="ixt:num-dot-decimal" scale="3" id="f-375">4,248</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncreaseDecreaseInAccountsReceivable" format="ixt:num-dot-decimal" scale="3" id="f-376">39,010</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Inventories, net</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:IncreaseDecreaseInInventories" format="ixt:num-dot-decimal" scale="3" id="f-377">13,190</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:IncreaseDecreaseInInventories" format="ixt:num-dot-decimal" scale="3" id="f-378">23,418</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncreaseDecreaseInInventories" format="ixt:num-dot-decimal" scale="3" id="f-379">28,048</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accounts payable and accrued liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-380">9,369</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-381">7,509</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-382">41,078</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred revenue</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:IncreaseDecreaseInDeferredRevenue" format="ixt:num-dot-decimal" scale="3" id="f-383">2,647</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:IncreaseDecreaseInDeferredRevenue" format="ixt:num-dot-decimal" scale="3" id="f-384">60,268</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncreaseDecreaseInDeferredRevenue" format="ixt:num-dot-decimal" scale="3" id="f-385">48,973</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income taxes payable</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable" format="ixt:num-dot-decimal" scale="3" id="f-386">42,794</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable" format="ixt:num-dot-decimal" scale="3" id="f-387">32,270</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable" format="ixt:num-dot-decimal" scale="3" id="f-388">81,307</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other assets and liabilities, net</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet" format="ixt:num-dot-decimal" scale="3" id="f-389">20,031</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet" format="ixt:num-dot-decimal" scale="3" id="f-390">19,053</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet" format="ixt:num-dot-decimal" scale="3" id="f-391">9,822</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net cash provided by operating activities</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:NetCashProvidedByUsedInOperatingActivities" format="ixt:num-dot-decimal" scale="3" id="f-392">586,774</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:NetCashProvidedByUsedInOperatingActivities" format="ixt:num-dot-decimal" scale="3" id="f-393">639,563</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:NetCashProvidedByUsedInOperatingActivities" format="ixt:num-dot-decimal" scale="3" id="f-394">710,499</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash flows from investing activities:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Capital expenditures</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:PaymentsToAcquireProductiveAssets" format="ixt:num-dot-decimal" scale="3" id="f-395">211,197</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:PaymentsToAcquireProductiveAssets" format="ixt:num-dot-decimal" scale="3" id="f-396">314,912</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:PaymentsToAcquireProductiveAssets" format="ixt:num-dot-decimal" scale="3" id="f-397">192,817</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Acquisition of businesses, net of cash acquired</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired" format="ixt:num-dot-decimal" scale="3" id="f-398">94,356</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired" format="ixt:num-dot-decimal" scale="3" id="f-399">38,567</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired" format="ixt:num-dot-decimal" scale="3" id="f-400">116,337</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deposit returned (paid) for acquisition of business</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:BusinessCombinationDepositsReturned" format="ixt:fixed-zero" scale="3" id="f-401">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:BusinessCombinationDepositsReturned" format="ixt:num-dot-decimal" scale="3" id="f-402">114,506</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:BusinessCombinationDeposits" format="ixt:num-dot-decimal" scale="3" id="f-403">114,414</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Investments in short-term deposits</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:PaymentsToAcquireShortTermInvestments" format="ixt:fixed-zero" scale="3" id="f-404">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:PaymentsToAcquireShortTermInvestments" format="ixt:num-dot-decimal" scale="3" id="f-405">86,756</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:PaymentsToAcquireShortTermInvestments" format="ixt:fixed-zero" scale="3" id="f-406">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Maturity of short-term deposits</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments" format="ixt:num-dot-decimal" scale="3" id="f-407">57,647</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments" format="ixt:num-dot-decimal" scale="3" id="f-408">37,978</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments" format="ixt:fixed-zero" scale="3" id="f-409">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash received from disposal of fixed assets</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment" scale="3" id="f-410">337</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="3" id="f-411">5,674</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="3" id="f-412">66,264</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other investing activities, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:PaymentsForProceedsFromOtherInvestingActivities" format="ixt:num-dot-decimal" scale="3" id="f-413">6,500</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:PaymentsForProceedsFromOtherInvestingActivities" format="ixt:num-dot-decimal" scale="3" id="f-414">8,910</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:PaymentsForProceedsFromOtherInvestingActivities" format="ixt:num-dot-decimal" scale="3" id="f-415">9,387</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net cash used in investing activities</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:NetCashProvidedByUsedInInvestingActivities" format="ixt:num-dot-decimal" scale="3" id="f-416">241,069</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:NetCashProvidedByUsedInInvestingActivities" format="ixt:num-dot-decimal" scale="3" id="f-417">273,167</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:NetCashProvidedByUsedInInvestingActivities" format="ixt:num-dot-decimal" scale="3" id="f-418">347,917</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash flows from financing activities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds from borrowings under 6.50% Notes</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:ProceedsFrom6.50SeniorNotes" format="ixt:num-dot-decimal" scale="3" id="f-419">600,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:ProceedsFrom6.50SeniorNotes" format="ixt:fixed-zero" scale="3" id="f-420">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:ProceedsFrom6.50SeniorNotes" format="ixt:fixed-zero" scale="3" id="f-421">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repayments of borrowings under Vail Holdings Credit Agreement</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:RepaymentsofTermLoan" format="ixt:num-dot-decimal" scale="3" id="f-422">55,859</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:RepaymentsofTermLoan" format="ixt:num-dot-decimal" scale="3" id="f-423">62,500</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:RepaymentsofTermLoan" format="ixt:num-dot-decimal" scale="3" id="f-424">62,500</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repayments of borrowings under 6.25% Notes</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:RepaymentsOfBorrowingsUnder6.25Notes" format="ixt:num-dot-decimal" scale="3" id="f-425">600,000</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:RepaymentsOfBorrowingsUnder6.25Notes" format="ixt:fixed-zero" scale="3" id="f-426">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:RepaymentsOfBorrowingsUnder6.25Notes" format="ixt:fixed-zero" scale="3" id="f-427">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repayments of borrowings under Whistler Credit Agreement</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:RepaymentsofWhistlerCreditAgreementrevolver" format="ixt:fixed-zero" scale="3" id="f-428">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:RepaymentsofWhistlerCreditAgreementrevolver" format="ixt:num-dot-decimal" scale="3" id="f-429">11,389</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:RepaymentsofWhistlerCreditAgreementrevolver" format="ixt:num-dot-decimal" scale="3" id="f-430">32,633</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repayment of EB-5 Development Notes</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:RepaymentOfEB5DevelopmentNotes" format="ixt:fixed-zero" scale="3" id="f-431">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:RepaymentOfEB5DevelopmentNotes" format="ixt:fixed-zero" scale="3" id="f-432">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:RepaymentOfEB5DevelopmentNotes" format="ixt:num-dot-decimal" scale="3" id="f-433">51,500</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Employee taxes paid for share award exercises</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-434">5,625</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-435">5,486</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation" format="ixt:num-dot-decimal" scale="3" id="f-436">37,300</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repurchases of common stock</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:PaymentsForRepurchaseOfCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-437">150,000</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:PaymentsForRepurchaseOfCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-438">500,000</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:PaymentsForRepurchaseOfCommonStock" format="ixt:num-dot-decimal" scale="3" id="f-439">75,006</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Dividends paid</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:PaymentsOfDividends" format="ixt:num-dot-decimal" scale="3" id="f-440">323,684</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:PaymentsOfDividends" format="ixt:num-dot-decimal" scale="3" id="f-441">314,350</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:PaymentsOfDividends" format="ixt:num-dot-decimal" scale="3" id="f-442">225,786</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other financing activities, net</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:ProceedsFromPaymentsForOtherFinancingActivities" format="ixt:num-dot-decimal" scale="3" id="f-443">39,620</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:ProceedsFromPaymentsForOtherFinancingActivities" format="ixt:num-dot-decimal" scale="3" id="f-444">21,983</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:ProceedsFromPaymentsForOtherFinancingActivities" format="ixt:num-dot-decimal" scale="3" id="f-445">8,411</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net cash used in financing activities</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:NetCashProvidedByUsedInFinancingActivities" format="ixt:num-dot-decimal" scale="3" id="f-446">574,788</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:NetCashProvidedByUsedInFinancingActivities" format="ixt:num-dot-decimal" scale="3" id="f-447">915,708</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:NetCashProvidedByUsedInFinancingActivities" format="ixt:num-dot-decimal" scale="3" id="f-448">493,136</ix:nonFraction>)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Effect of exchange rate changes on cash, cash equivalents and restricted cash</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" format="ixt:num-dot-decimal" scale="3" id="f-449">6,947</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" format="ixt:num-dot-decimal" scale="3" id="f-450">3,702</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" format="ixt:num-dot-decimal" scale="3" id="f-451">1,913</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net decrease in cash, cash equivalents and restricted cash</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" format="ixt:num-dot-decimal" scale="3" id="f-452">236,030</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" format="ixt:num-dot-decimal" scale="3" id="f-453">553,014</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" format="ixt:num-dot-decimal" scale="3" id="f-454">132,467</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash, cash equivalents and restricted cash:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Beginning of period</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" format="ixt:num-dot-decimal" scale="3" id="f-455">573,093</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-30" decimals="-3" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" format="ixt:num-dot-decimal" scale="3" id="f-456">1,126,107</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-15" decimals="-3" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" format="ixt:num-dot-decimal" scale="3" id="f-457">1,258,574</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">End of period</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" format="ixt:num-dot-decimal" scale="3" id="f-458">337,063</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" format="ixt:num-dot-decimal" scale="3" id="f-459">573,093</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-30" decimals="-3" name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" format="ixt:num-dot-decimal" scale="3" id="f-460">1,126,107</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash paid for interest</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:InterestPaidNet" format="ixt:num-dot-decimal" scale="3" id="f-461">146,559</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:InterestPaidNet" format="ixt:num-dot-decimal" scale="3" id="f-462">140,599</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:InterestPaidNet" format="ixt:num-dot-decimal" scale="3" id="f-463">114,074</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Taxes paid, net</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:IncomeTaxesPaid" format="ixt:num-dot-decimal" scale="3" id="f-464">129,350</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:IncomeTaxesPaid" format="ixt:num-dot-decimal" scale="3" id="f-465">94,342</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncomeTaxesPaid" format="ixt:num-dot-decimal" scale="3" id="f-466">19,692</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-cash investing activities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accrued capital expenditures</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:CapitalExpendituresIncurredButNotYetPaid" format="ixt:num-dot-decimal" scale="3" id="f-467">24,872</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:CapitalExpendituresIncurredButNotYetPaid" format="ixt:num-dot-decimal" scale="3" id="f-468">23,210</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:CapitalExpendituresIncurredButNotYetPaid" format="ixt:num-dot-decimal" scale="3" id="f-469">30,556</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying Notes are an integral part of these Consolidated Financial Statements.</span></div><div style="margin-top:9pt;text-align:center"><span><br/></span></div><div style="height:13.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">71</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_118"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Notes to Consolidated Financial Statements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div id="ie3b544e2e7c945e991471c5324b69364_121"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.</span><ix:nonNumeric contextRef="c-1" name="us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" id="f-470" continuedAt="f-470-1" escape="true"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:28.5pt">Organization and Business</span></ix:nonNumeric></div><ix:continuation id="f-470-1" continuedAt="f-470-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Vail Resorts, Inc. (&#8220;Vail Resorts&#8221;) is organized as a holding company and operates through various subsidiaries. Vail Resorts and its subsidiaries (collectively, the &#8220;Company&#8221;) operate in three reportable segments: Mountain, Lodging and Real Estate. The Company refers to &#8220;Resort&#8221; as the combination of the Mountain and Lodging segments. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the Mountain segment, the Company operates the following 42 destination mountain resorts and regional ski areas, (collectively, &#8220;Resorts&#8221;): </span></div><div style="margin-top:6pt;text-align:justify"><img src="mtn-20240731_g2.jpg" alt="MAPUPDATE_20240510 (1).jpg" style="height:301px;margin-bottom:5pt;vertical-align:text-bottom;width:684px"/></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">*Denotes a destination mountain resort, which generally receives a meaningful portion of skier visits from long-distance travelers, as opposed to the Company&#8217;s regional ski areas, which tend to generate skier visits predominantly from their respective local markets. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, the Mountain segment includes ancillary services, primarily including ski school, dining and retail/rental operations, and for the Company&#8217;s Australian ski areas, including lodging and transportation operations. Several of the resorts located in the United States (&#8220;U.S.&#8221;) operate primarily on federal land under the terms of Special Use Permits granted by the U.S. Department of Agriculture Forest Service. The operations of Whistler Blackcomb are conducted on land owned by the government of the Province of British Columbia, Canada within the traditional territory of the Squamish and Lil&#8217;wat Nations. The operations of the Company&#8217;s Australian ski areas are conducted pursuant to long-term leases and licenses on land owned by the governments of New South Wales and Victoria, Australia. A portion of the operations of Andermatt-Sedrun are conducted on land owned by the Swiss Confederation, for which operations are conducted under leasehold agreements and pursuant to a personal easement on land owned by the municipality of Tujetsch.</span><span style="color:#ee2724;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Portions of the Crans-Montana resort operations are conducted on land owned third parties, including local municipalities, via numerous registered easements, building rights (which may be subject to federal concessions), or other agreements. Okemo, Mount Sunapee and Stowe operate on land leased from the respective states in which the resorts are located and on land owned by the Company.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the Lodging segment, the Company owns and/or manages a collection of luxury hotels and condominiums under its RockResorts brand; other strategic lodging properties and a large number of condominiums located in proximity to the Company&#8217;s North American mountain resorts; National Park Service (&#8220;NPS&#8221;) concessioner properties including the Grand Teton Lodge Company, which operates destination resorts in Grand Teton National Park; a Colorado resort ground transportation company and mountain resort golf courses.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s Real Estate segment primarily owns, develops and sells real estate in and around the Company&#8217;s resort communities.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s mountain business and its lodging properties at or around the Company&#8217;s mountain resorts are seasonal in nature, and typically experience their peak operating seasons primarily from mid-December through mid-April in North </span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">72</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-470-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">America and Europe. The peak operating season at the Company&#8217;s Australian resorts, NPS concessioner properties and golf courses generally occurs from June to early October.</span></div></ix:continuation><div id="ie3b544e2e7c945e991471c5324b69364_124"></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2.</span><ix:nonNumeric contextRef="c-1" name="us-gaap:SignificantAccountingPoliciesTextBlock" id="f-471" continuedAt="f-471-1" escape="true"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:28.5pt">Summary of Significant Accounting Policies</span></ix:nonNumeric></div><ix:continuation id="f-471-1" continuedAt="f-471-2"><ix:nonNumeric contextRef="c-1" name="us-gaap:ConsolidationPolicyTextBlock" id="f-472" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Principles of Consolidation &#8212; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying Consolidated Financial Statements include the accounts of the Company and its consolidated subsidiaries for which the Company has a controlling financial interest. Investments in which the Company does not have a controlling financial interest, but has significant influence, are accounted for under the equity method. All significant intercompany transactions have been eliminated in consolidation.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:CashAndCashEquivalentsPolicyTextBlock" id="f-473" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Cash and Cash Equivalents &#8212; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company considers all highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:TradeAndOtherAccountsReceivablePolicy" id="f-474" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounts Receivable &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company records trade accounts receivable in the normal course of business related to the sale of products or services. The allowance for doubtful accounts is based on a specific reserve analysis and on a percentage of accounts receivable and takes into consideration such factors as historical write-offs, the economic climate and other factors that could affect collectability. Write-offs are evaluated on a case by case basis.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:InventoryPolicyTextBlock" id="f-475" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Inventories &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company&#8217;s inventories consist primarily of purchased retail goods, food and beverage items and spare parts. Inventories are stated at the lower of cost or net realizable value, determined using primarily an average weighted cost method. The Company records a reserve for estimated shrinkage and obsolete or unusable inventory.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:PropertyPlantAndEquipmentPolicyTextBlock" id="f-476" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Property, Plant and Equipment &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Property, plant and equipment is carried at cost net of accumulated depreciation. Costs of repairs and maintenance are expensed as incurred. Expenditures that improve the functionality of the related asset or extend the useful life are capitalized. When property, plant and equipment is retired or otherwise disposed of, the related gain or loss is included in income from operations. Leasehold improvements are amortized on the straight-line method over the shorter of the remaining lease term or estimated useful life of the asset. <ix:nonNumeric contextRef="c-1" name="mtn:ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock" id="f-477" continuedAt="f-477-1" escape="true">Depreciation is calculated on the straight-line method, including property, plant and equipment under finance leases, generally based on the following useful lives:</ix:nonNumeric></span></div><ix:continuation id="f-477-1"><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:76.465%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.335%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated&#160;Life<br/>in Years</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land improvements</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-59" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-478">10</ix:nonNumeric>-<ix:nonNumeric contextRef="c-60" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-479">35</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Buildings and building improvements</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-61" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-480">7</ix:nonNumeric>-<ix:nonNumeric contextRef="c-62" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-481">30</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Machinery and equipment</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-63" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-482">2</ix:nonNumeric>-<ix:nonNumeric contextRef="c-64" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-483">30</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Furniture and fixtures</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-65" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-484">3</ix:nonNumeric>-<ix:nonNumeric contextRef="c-66" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-485">10</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Software</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-67" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-486">3</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vehicles</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-68" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-487">3</ix:nonNumeric>-<ix:nonNumeric contextRef="c-69" name="us-gaap:PropertyPlantAndEquipmentUsefulLife" format="ixt-sec:duryear" id="f-488">10</ix:nonNumeric></span></div></td></tr></table></div></ix:continuation></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><ix:nonNumeric contextRef="c-1" name="us-gaap:RealEstateHeldForDevelopmentAndSalePolicy" id="f-489" continuedAt="f-489-1" escape="true"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Real Estate Held for Sale or Investment &#8212;</span></ix:nonNumeric><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="f-489-1"> The Company capitalizes as real estate held for sale or investment the original land acquisition cost, direct construction and development costs, property taxes, interest paid and other related costs related to real estate under development. Sales and marketing expenses are charged against income in the period incurred.</ix:continuation> </span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:DeferredChargesPolicyTextBlock" id="f-490" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Deferred Financing Costs &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Certain costs incurred with the issuance of debt and debt securities are capitalized and included as a reduction in the net carrying value of long-term debt, net of accumulated amortization, with the exception of costs incurred related to line-of-credit arrangements, which are included in deferred charges and other assets, net of accumulated amortization. Amortization of such deferred financing costs are recorded to interest expense, net on the Company&#8217;s Consolidated Statements of Operations over the respective term of the applicable debt instruments. When debt is extinguished prior to its maturity date, the amortization of the remaining unamortized deferred financing costs, or pro-rata portion thereof, is charged to loss on extinguishment of debt.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock" id="f-491" continuedAt="f-491-1" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Goodwill and Intangible Assets &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company has classified as goodwill the cost in excess of estimated fair value of the net assets of businesses acquired in purchase transactions. The Company&#8217;s major intangible asset classes are trademarks, water rights, customer lists, property management contracts and Forest Service permits. Goodwill and various indefinite-lived intangible assets, including certain trademarks, water rights and certain property management contracts, are not amortized but are subject to at least annual impairment testing. The Company tests these non-amortizing assets annually (or more often, if necessary) for impairment as of May&#160;1. Definite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives.</span></div></ix:nonNumeric></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">73</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-471-2" continuedAt="f-471-3"><ix:continuation id="f-491-1"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the testing of goodwill and other indefinite-lived intangible assets for impairment, the Company may perform a qualitative analysis to determine whether it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset exceeds the carrying amount, which includes an evaluation as to whether there have been significant changes to macro-economic factors related to the reporting unit or intangible asset that could materially impact fair value. If it is determined, based on qualitative factors, that the fair value of the reporting unit or indefinite-lived intangible asset is more likely than not less than carrying amount, or if significant changes to macro-economic factors related to the reporting unit or intangible asset have occurred that could materially impact estimated fair values since the previous quantitative analysis was performed, a quantitative impairment test would be required, in which the Company would determine the estimated fair value of its reporting units using discounted cash flow analyses and determine the estimated fair value of its indefinite-lived intangible assets using an income approach. The quantitative test for impairment consists of a comparison of the estimated fair value of the assets with their respective net carrying values. If the net carrying amount of the assets exceed their respective estimated fair values, an impairment loss would be recognized for indefinite-lived intangibles, including goodwill, in an amount equal to that excess. If the net carrying amount of the assets does not exceed their respective estimated fair values, no impairment loss is recognized. The Company determined that there were no impairments of goodwill or definite and indefinite-lived assets for the years ended July&#160;31, 2024, 2023 and 2022.</span></div></ix:continuation><ix:nonNumeric contextRef="c-1" name="us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" id="f-492" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Long-Lived Assets &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company evaluates potential impairment of long-lived assets and long-lived assets to be disposed of whenever events or changes in circumstances indicate that the net carrying amount of an asset group may not be fully recoverable. If the sum of the expected cash flows, on an undiscounted basis, is less than the net carrying amount of the asset group, an impairment loss is recognized in the amount by which the net carrying amount of the asset group exceeds its estimated fair value. The Company determined that there were no impairments of long-lived assets for the years ended July&#160;31, 2024, 2023 and 2022.</span></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue Recognition &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company&#8217;s significant accounting policies with regard to revenue recognition are discussed in Note 3, Revenues.</span></div><div style="margin-top:12pt;text-align:justify"><ix:nonNumeric contextRef="c-1" name="us-gaap:RealEstatePolicyTextBlock" id="f-493" continuedAt="f-493-1" escape="true"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Real Estate Cost of Sales &#8212;</span></ix:nonNumeric><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="f-493-1"> Costs of real estate transactions include direct project costs, common cost allocations (primarily determined on relative sales value) and sales commission expense. The Company utilizes the relative sales value method to determine cost of sales for condominium units sold within a project when specific identification of costs cannot be reasonably determined.</ix:continuation> </span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" id="f-494" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Foreign Currency Translation &#8212; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The functional currency of the Company&#8217;s entities operating outside of the United States is the principal currency of the economic environment in which the entity primarily generates and expends cash, which is generally the local currency. The assets and liabilities of these foreign operations are translated at the exchange rate in effect as of the balance sheet dates. Income and expense items are translated using the average exchange rate for the period. Translation adjustments from currency exchange, including intercompany transactions of a long-term nature, are recorded in accumulated other comprehensive (loss) income as a separate component of stockholders&#8217; equity. Intercompany transactions that are not of a long-term nature are reported as gains and losses within &#8220;segment operating expense&#8221; and for intercompany loans within &#8220;foreign currency loss on intercompany loans&#8221; on the Company&#8217;s Consolidated Statements of Operations.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:LiabilityReserveEstimatePolicy" id="f-495" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reserve Estimates &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company uses estimates to record reserves for certain liabilities, including medical claims, workers&#8217; compensation claims, third-party loss contingencies and property taxes, among other items. The Company estimates the probable costs related to these liabilities that will be incurred and records that amount as a liability in its Consolidated Financial Statements. Additionally, the Company records, as applicable, receivables related to insurance recoveries for loss contingencies if deemed probable of recovery. These estimates are reviewed and adjusted as the facts and circumstances change. The Company records legal costs related to defending claims as they are incurred.</span></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><ix:nonNumeric contextRef="c-1" name="us-gaap:AdvertisingCostsPolicyTextBlock" id="f-496" continuedAt="f-496-1" escape="true"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Advertising Costs &#8212;</span></ix:nonNumeric><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="f-496-1"> Advertising costs are expensed at the time such advertising commences. Advertising expense for the years ended July&#160;31, 2024, 2023 and 2022 was $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:AdvertisingExpense" scale="6" id="f-497">49.8</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:AdvertisingExpense" scale="6" id="f-498">47.2</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:AdvertisingExpense" scale="6" id="f-499">47.7</ix:nonFraction> million, respectively, and was recorded within Mountain and Lodging operating expense on the Company&#8217;s Consolidated Statement of Operations.</ix:continuation> </span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:IncomeTaxPolicyTextBlock" id="f-500" continuedAt="f-500-1" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Taxes &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Income tax expense includes U.S. (federal and state) and foreign income taxes. The Company&#8217;s provision for income taxes is based on pre-tax income, changes in deferred tax assets and liabilities and changes in estimates with regard to uncertain tax positions. Deferred tax assets and liabilities are recorded for the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported in the accompanying Consolidated Balance Sheets and for operating loss and tax credit carrybacks or carryforwards. The change in deferred tax assets and liabilities for the period measures the deferred tax provision or benefit for the period. Effects of changes in enacted tax laws on deferred tax assets and liabilities are reflected as adjustments to the tax provision or benefit in the period of enactment. The Company&#8217;s deferred tax assets have been reduced by a valuation allowance to the extent it is deemed to be more likely than not that some or </span></div></ix:nonNumeric></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">74</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-471-3" continuedAt="f-471-4"><ix:continuation id="f-500-1"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">all of the deferred tax assets will not be realized. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is &#8220;more-likely-than-not&#8221; to be sustained, on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the largest tax benefit that is cumulatively greater than 50% likely of being realized upon ultimate settlement. Interest and penalties accrued in connection with uncertain tax positions are recognized as a component of income tax expense. See Note 10, Income Taxes, for more information.</span></div></ix:continuation><ix:nonNumeric contextRef="c-1" name="us-gaap:FairValueOfFinancialInstrumentsPolicy" id="f-501" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Fair Value of Financial Instruments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8212; The estimated fair values of the 6.50% Notes and the 0.0% Convertible Notes (each as defined in Note 6, Long-Term Debt) are based on quoted market prices (a Level 2 input). The estimated fair value of the EPR Secured Notes and the NRP Loan (both as defined in Note 6, Long-Term Debt) have been estimated using analyses based on current borrowing rates for comparable debt instruments with similar maturity dates (a Level 2 input). <ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock" id="f-502" continuedAt="f-502-1" escape="true">The carrying values, including any unamortized premium or discount, and estimated fair values of the 6.50% Notes, 0.0% Convertible Notes, EPR Secured Notes and NRP Loan as of July&#160;31, 2024 are presented below (in thousands):</ix:nonNumeric></span></div><ix:continuation id="f-502-1"><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"/><td style="width:59.724%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.487%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.489%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.50% Notes</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-3" name="us-gaap:NotesAndLoansPayable" format="ixt:num-dot-decimal" scale="3" id="f-503">600,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-70" decimals="-3" name="us-gaap:DebtInstrumentFairValue" format="ixt:num-dot-decimal" scale="3" id="f-504">614,982</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.0% Convertible Notes</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-3" name="us-gaap:NotesAndLoansPayable" format="ixt:num-dot-decimal" scale="3" id="f-505">575,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-71" decimals="-3" name="us-gaap:DebtInstrumentFairValue" format="ixt:num-dot-decimal" scale="3" id="f-506">530,311</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">EPR Secured Notes</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-3" name="us-gaap:NotesAndLoansPayable" format="ixt:num-dot-decimal" scale="3" id="f-507">130,899</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-3" name="us-gaap:DebtInstrumentFairValue" format="ixt:num-dot-decimal" scale="3" id="f-508">182,926</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NRP Loan</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-3" name="us-gaap:NotesAndLoansPayable" format="ixt:num-dot-decimal" scale="3" id="f-509">37,305</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-73" decimals="-3" name="us-gaap:DebtInstrumentFairValue" format="ixt:num-dot-decimal" scale="3" id="f-510">31,809</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The carrying values for all other material financial instruments not included in the above table approximate their respective fair value due to their short-term nature or the variable nature of their associated interest rates.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy" id="f-511" escape="true"><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Stock-Based Compensation &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Stock-based compensation expense is measured at the grant date based upon the estimated fair value of the award and is recognized as expense over the applicable vesting period of the award generally using the straight-line method (see Note 14, Stock Compensation Plan, for more information). Forfeitures are recorded as they occur. <ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock" id="f-512" continuedAt="f-512-1" escape="true">The following table shows total net stock-based compensation expense for the years ended July&#160;31, 2024, 2023 and 2022 included on the accompanying Consolidated Statements of Operations (in thousands):</ix:nonNumeric></span><ix:continuation id="f-512-1" continuedAt="f-512-2"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></ix:continuation></div><ix:continuation id="f-512-2"><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.970%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.544%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain stock-based compensation expense</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-74" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-513">23,234</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-75" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-514">21,242</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-76" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-515">20,892</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging stock-based compensation expense</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-77" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-516">3,349</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-78" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-517">3,972</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-79" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-518">3,737</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate stock-based compensation expense</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-80" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" scale="3" id="f-519">220</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-81" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" scale="3" id="f-520">195</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-82" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" scale="3" id="f-521">256</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-tax stock-based compensation expense</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-522">26,803</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-523">25,409</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-524">24,885</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: benefit from income taxes</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-525">6,157</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-526">5,951</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" format="ixt:num-dot-decimal" scale="3" id="f-527">6,189</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net stock-based compensation expense</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-528">20,646</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-529">19,458</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax" format="ixt:num-dot-decimal" scale="3" id="f-530">18,696</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="mtn:ConcentrationOfCreditRiskPolicyTextBlock" id="f-531" escape="true"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company&#8217;s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and restricted cash. The Company places its cash and cash investments in accounts with high-quality credit institutions. The Company does not enter into financial instruments for trading or speculative purposes. Concentration of credit risk with respect to accounts and notes receivables is limited due to the wide variety of customers and markets in which the Company conducts business, as well as their dispersion across many geographical areas. The Company performs ongoing credit evaluations of its customers and generally does not require collateral, but does require advance deposits on certain transactions.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" id="f-532" continuedAt="f-532-1" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounting for Hedging Instruments &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> From time to time, the Company enters into interest rate swaps to hedge the variability in cash flows associated with variable-rate borrowings by converting the floating interest rate to a fixed interest rate (the &#8220;Interest Rate Swaps&#8221;). As of July&#160;31, 2024, the Company hedged the future cash flows associated with $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-6" name="mtn:InterestRateSwapNotionalAmount" scale="6" id="f-533">400.0</ix:nonFraction> million of the principal amount outstanding of its Vail Holdings Credit Agreement (as defined in Note 6, Long-Term Debt), which were designated as cash flow hedges. These interest rate swaps expired on September 23, 2024.The accounting for changes in fair value of hedging instruments depends on the effectiveness of the hedge. In order to qualify for hedge accounting, the underlying hedged item must expose the Company to risks associated with market fluctuations and the financial instrument used must reduce the Company&#8217;s exposure to market fluctuation throughout the hedge period. Changes in estimated fair value of the Interest Rate Swaps are recorded within change in estimated fair value of hedging instruments, net of tax, on the </span></div></ix:nonNumeric></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">75</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-471-4"><ix:continuation id="f-532-1"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company&#8217;s Consolidated Statements of Comprehensive Income, and such change was recorded as a (loss) gain of $(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" format="ixt:num-dot-decimal" scale="6" id="f-534">11.1</ix:nonFraction>)&#160;million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" format="ixt:num-dot-decimal" scale="6" id="f-535">3.7</ix:nonFraction>&#160;million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" format="ixt:num-dot-decimal" scale="6" id="f-536">18.9</ix:nonFraction>&#160;million during the years ended July&#160;31, 2024, 2023 and 2022, respectively. Amounts are reclassified into interest expense, net from other comprehensive income during the period in which the hedged item affects earnings. During the years ended July&#160;31, 2024, 2023 and 2022, gains (losses) of $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" format="ixt:num-dot-decimal" scale="6" id="f-537">16.1</ix:nonFraction>&#160;million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" format="ixt:num-dot-decimal" scale="6" id="f-538">11.0</ix:nonFraction>&#160;million and $(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" sign="-" name="us-gaap:InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" format="ixt:num-dot-decimal" scale="6" id="f-539">4.3</ix:nonFraction>)&#160;million, respectively, were reclassified into interest expense, net from other comprehensive income. See Note 9, Fair Value Measurements, for more information.</span></div></ix:continuation><ix:nonNumeric contextRef="c-1" name="us-gaap:LesseeLeasesPolicyTextBlock" id="f-540" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Leases &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there is one or more assets identified and the right to control the use of any identified asset is conveyed to the Company for a period of time in exchange for consideration. Control over the use of an identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. Generally, the Company classifies a lease as a finance lease if the terms of the agreement effectively transfer control of the underlying asset; otherwise, it is classified as an operating lease.&#160;For contracts that contain lease and non-lease components, the Company accounts for these components separately. For leases with terms greater than twelve months, the associated lease right-of-use (&#8220;ROU&#8221;) assets and lease liabilities are recognized at the estimated present value of future lease payments over the lease term at commencement date. The Company&#8217;s leases do not provide a readily determinable implicit rate; therefore, the Company uses an estimated incremental borrowing rate to discount the future minimum lease payments. For leases containing fixed rental escalation clauses, the escalators are factored into the determination of future minimum lease payments. The Company includes options to extend a lease when it is reasonably certain that such options will be exercised. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. See&#160;Note 4, Leases, for more information.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:UseOfEstimates" id="f-541" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" id="f-542" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recently Issued Accounting Standards</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock" id="f-543" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Standards Being Evaluated</span></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In November 2023, the Financial Accounting Standards Board (the &#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2023-07, &#8220;Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,&#8221; which is intended to improve reportable segment disclosures, primarily through incorporating enhanced segment disclosure requirements set forth by the Securities and Exchange Commission into U.S. GAAP. The enhanced disclosures will primarily require public entities to include specific disclosures regarding &#8220;significant expenses&#8221; that are regularly provided to or easily computed from information provided to the chief operating decision maker (&#8220;CODM&#8221;) and included within segment profit and loss. This ASU also requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 (the Company&#8217;s fiscal year ending July 31, 2025), and interim periods within fiscal years beginning after December 15, 2024 (the Company&#8217;s fiscal quarter ending October 31, 2025), with early adoption permitted. The Company will adopt the standard during the fourth quarter of its fiscal year ending July 31, 2025 and is in the process of evaluating the effect that the adoption of this standard will have on its Consolidated Financial Statements.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2023, the FASB issued ASU 2023-09, &#8220;Income Taxes (Topic 740): Improvements to Income Tax Disclosures,&#8221; which includes amendments that further enhance the transparency and decision usefulness of income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. This update is effective for annual periods beginning after December 15, 2024 (the Company&#8217;s fiscal year ending July 31, 2026), though early adoption is permitted. The Company is in the process of evaluating the effect that the adoption of this standard will have on its Consolidated Financial Statements, including determining the timing of adoption.</span></div></ix:nonNumeric></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">76</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_127"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:nonNumeric contextRef="c-1" name="us-gaap:RevenueFromContractWithCustomerTextBlock" id="f-544" continuedAt="f-544-1" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.&#160;&#160;&#160;&#160;Revenues</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:RevenueRecognitionPolicyTextBlock" id="f-545" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue Recognition</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following provides information about the Company&#8217;s composition of revenue recognized from contracts with customers and other revenues, the performance obligations under those contracts, and the significant judgments made in accounting for those contracts:</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Mountain revenue is derived from a wide variety of sources, including, among other things: lift revenue, which includes sales of lift tickets and pass products; ski school revenue, which includes the revenue derived from ski school operations; dining revenue, which includes both casual and fine dining on-mountain operations; retail sales and equipment rentals; and other on-mountain revenue, which includes private ski club revenue (which includes both club dues and amortization of initiation fees), marketing revenue, municipal services and lodging and transportation operations at the Company&#8217;s Australian ski areas. The Company also includes other sources of revenue, primarily related to commercial leasing and employee housing leasing arrangements, within other mountain revenue. Revenue is recognized over time as performance obligations are satisfied as control of the good or service (e.g. access to ski areas, provision of ski school services, etc.) is transferred to the customer, except for the Company&#8217;s retail sales and dining operations revenues which are recognized at a point in time when performance obligations are satisfied by transferring control of the underlying goods to the customer. The Company records deferred revenue primarily related to the sale of pass products. Deferred revenue is generally recognized throughout the ski season as the Company&#8217;s performance obligations are satisfied as control of the service (e.g. access to ski areas throughout the ski season) is transferred to the customer. 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, which is based on the number of skiable days in the ski season relative to the estimated total skiable days in the ski season, and 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 relative to the remaining services promised under the contract. </span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Epic Coverage is included with the purchase of all pass products for no additional charge, and offers refunds if certain personal or resort closure events occur before or during the ski season. The estimated amount of refunds reduce the amount of pass product revenue recognized by the Company, and is remeasured at each reporting date.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Epic Mountain Rewards provides pass product holders a discount on ancillary purchases at the Company&#8217;s North American owned and operated Resorts. Epic Mountain Rewards constitutes an option to purchase additional products and services at a discount, and as a result, the Company allocates a portion of the pass product transaction price to these other lines of business which is recorded as revenue as discounts occur.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Lodging revenue is derived from a wide variety of sources, including, among other things: revenue from owned hotel rooms and managed hotel rooms; revenue from hotel dining operations; transportation revenue which relates to the Company&#8217;s Colorado resort ground transportation operations; and other lodging revenue which includes property management services, managed properties other costs reimbursements, private golf club revenue (which includes both club dues and amortization of initiation fees) and golf course fees. Lodging revenue also includes managed hotel property payroll cost reimbursements related to payroll costs at managed properties where the Company is the employer, which are reimbursed by the owner with no added margin. Therefore, these revenues and corresponding expenses have no net effect on the Company&#8217;s operating income or net income. Other than revenue from dining operations, lodging revenue is mostly recognized over time as performance obligations are satisfied as control of the service (e.g. nightly hotel room access) is transferred to the customer.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Real estate revenue primarily relates to the sale of development land parcels. Real estate revenue is generally recognized at a point in time when performance obligations have been satisfied, which is usually upon closing of the sales transaction and in an amount that reflects the consideration to which the Company expects to be entitled.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For certain contracts that have an original term length of one year or less, the Company uses the practical expedient applicable to such contracts and does not consider the time value of money. For contracts with an expected term in excess of one year, the Company has considered whether such contracts may contain a financing component. Taxes collected from customers and remitted to governmental authorities are generally excluded from revenue on the accompanying Consolidated Statements of Operations.</span></div></ix:nonNumeric></ix:nonNumeric><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">77</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-544-1" continuedAt="f-544-2"><ix:nonNumeric contextRef="c-1" name="us-gaap:DisaggregationOfRevenueTableTextBlock" id="f-546" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Disaggregation of Revenues</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents net revenues disaggregated by segment and major revenue type for the years ended July&#160;31, 2024, 2023 and 2022 (in thousands):</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"/><td style="width:57.490%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.534%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.969%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.534%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.969%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.534%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.970%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain net revenue:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lift</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-83" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-547">1,442,784</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-84" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-548">1,420,900</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-85" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-549">1,310,213</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ski School</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-86" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-550">304,548</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-87" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-551">287,275</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-88" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-552">223,645</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dining</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-89" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-553">227,572</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-90" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-554">224,642</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-91" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-555">163,705</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail/Rental</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-92" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-556">317,196</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-93" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-557">361,484</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-94" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-558">311,768</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-95" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-559">252,270</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-96" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-560">246,605</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-97" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-561">203,783</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Mountain net revenue</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-562">2,544,370</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-563">2,540,906</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-564">2,213,114</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging net revenue:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Owned hotel rooms</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-98" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-565">83,977</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-99" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-566">80,117</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-100" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-567">80,579</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Managed condominium rooms</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-101" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-568">86,199</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-102" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-569">96,785</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-103" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-570">97,704</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dining </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-104" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-571">63,255</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-105" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-572">62,445</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-106" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-573">48,569</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transportation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-107" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-574">16,309</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-108" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-575">15,242</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-109" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-576">16,021</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Golf</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-110" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-577">13,722</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-111" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-578">12,737</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-112" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-579">10,975</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-113" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-580">56,368</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-114" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-581">55,816</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-115" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-582">46,500</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-116" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-583">319,830</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-117" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-584">323,142</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-118" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-585">300,348</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payroll cost reimbursements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-119" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-586">16,287</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-120" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-587">17,251</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-121" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-588">11,742</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Lodging net revenue </span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-589">336,117</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-590">340,393</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-591">312,090</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Resort net revenue</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:ResortRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-592">2,880,487</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:ResortRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-593">2,881,299</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:ResortRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-594">2,525,204</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Real Estate net revenue</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:RealEstateRevenue" format="ixt:num-dot-decimal" scale="3" id="f-595">4,704</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:RealEstateRevenue" format="ixt:num-dot-decimal" scale="3" id="f-596">8,065</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:RealEstateRevenue" scale="3" id="f-597">708</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net revenue</span></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-598">2,885,191</ix:nonFraction>&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-599">2,889,364</ix:nonFraction>&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-600">2,525,912</ix:nonFraction>&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Arrangements with Multiple Performance Obligations</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Several of the Company&#8217;s contracts with customers include multiple performance obligations, primarily related to bundled services such as ski school packages, lodging packages and events (e.g. weddings and conferences). For such contracts, revenue is allocated to each distinct and separate performance obligation based on its relative standalone selling price. The standalone selling prices are generally based on observable prices charged to customers or estimated based on historical experience and information.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Contract Balances</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Contract liabilities are recorded primarily as deferred revenues when payments are received or due in advance of the Company&#8217;s performance, including amounts which may be refundable. The deferred revenue balance is primarily related to accounts receivable or cash payments recorded in advance of satisfying the Company&#8217;s performance obligations related to sales of pass products prior to the start of the ski season, private club initiation fees and other related advance purchase products, including advance purchase lift tickets, multiple-day lift tickets, ski school lessons, equipment rentals and lodging advance deposits. Due to the seasonality of the Company&#8217;s operations, its largest deferred revenue balances occur during the North American pass product selling window, which generally begins in the third quarter of its fiscal year. Deferred revenue balances of a short-term nature were $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:ContractWithCustomerLiabilityCurrent" scale="6" id="f-601">575.8</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="us-gaap:ContractWithCustomerLiabilityCurrent" scale="6" id="f-602">572.6</ix:nonFraction> million as of July&#160;31, 2024 and 2023, respectively. For the year ended July&#160;31, 2024, the Company recognized approximately $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:ContractWithCustomerLiabilityRevenueRecognized" format="ixt:num-dot-decimal" scale="6" id="f-603">547.0</ix:nonFraction>&#160;million of net revenue that was included in the deferred revenue balance as of July&#160;31, 2023. Deferred revenue balances of a long-term nature, comprised primarily of long-term private club initiation fee revenue, were $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:ContractWithCustomerLiabilityNoncurrent" format="ixt:num-dot-decimal" scale="6" id="f-604">104.9</ix:nonFraction>&#160;million and $<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="us-gaap:ContractWithCustomerLiabilityNoncurrent" scale="6" id="f-605">109.7</ix:nonFraction> million as of July&#160;31, 2024 and 2023, respectively. As of July&#160;31, 2024, the weighted average remaining period over which revenue for unsatisfied performance obligations on long-term private club contracts will be recognized was approximately <ix:nonFraction unitRef="number" contextRef="c-1" decimals="INF" name="mtn:PrivateClubRecognizedInitiationFeesAverageRemainingPeriod" scale="0" id="f-606">15</ix:nonFraction> years. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Contract assets are recorded as trade receivables when the right to consideration is unconditional. Payments from customers are based on billing terms established in the contracts with customers, which vary by the type of customer, the location and the products or services offered. The term between invoicing and when payment is due is not significant. For certain products or </span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">78</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-544-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">services and customer types, contracts require payment before the products are delivered or services are provided to the customer. Impairment losses related to contract assets are recognized through the Company&#8217;s allowance for doubtful accounts analysis. Contract asset write-offs are evaluated on an individual basis.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Costs to Obtain Contracts with Customers</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company expects that credit card fees and sales commissions paid in order to obtain season ski pass products contracts are recoverable. Accordingly, the Company records these amounts as assets when they are paid prior to the start of the ski season. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:CapitalizedContractCostNet" scale="6" id="f-607">5.2</ix:nonFraction> million of costs to obtain contracts with customers were recorded within other current assets on the Company&#8217;s Consolidated Balance Sheet. Deferred credit card fees and sales commissions are amortized commensurate with the recognition of pass product revenue. The Company recorded amortization of $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:CapitalizedContractCostAmortization" scale="6" id="f-608">28.6</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:CapitalizedContractCostAmortization" scale="6" id="f-609">25.2</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:CapitalizedContractCostAmortization" scale="6" id="f-610">22.1</ix:nonFraction> million for these costs during the years ended July&#160;31, 2024, 2023 and 2022, respectively, which were recorded within Mountain and Lodging operating expense on the accompanying Consolidated Statement of Operations.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has elected to expense credit card fees and sales commissions related to non-pass products and services as incurred, as the amortization period is generally one year or less for the time between customer purchase and utilization. These fees are recorded within Mountain and Lodging operating expense on the Company&#8217;s Consolidated Statements of Operations.</span></div></ix:continuation><div id="ie3b544e2e7c945e991471c5324b69364_130"></div><ix:nonNumeric contextRef="c-1" name="us-gaap:LesseeOperatingLeasesTextBlock" id="f-611" continuedAt="f-611-1" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.&#160;&#160;&#160;&#160;Leases</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s operating leases consist primarily of resort land and land improvements, commercial and retail space, office space, employee residential units, vehicles and other equipment. The Company determines if an arrangement is or contains a lease at contract inception or modification. The Company&#8217;s lease contracts generally range from&#160;<ix:nonNumeric contextRef="c-122" name="mtn:LesseeOperatingAndFinanceLeaseTerm" format="ixt-sec:duryear" id="f-612">1</ix:nonNumeric> year&#160;to&#160;approximately <ix:nonNumeric contextRef="c-123" name="mtn:LesseeOperatingAndFinanceLeaseTerm" format="ixt-sec:duryear" id="f-613">70</ix:nonNumeric>&#160;years, with some lease contracts containing one or more lease extension options, exercisable at the Company&#8217;s discretion. The Company generally does not include these lease extension options in the initial lease term as it is not reasonably certain that it will exercise such options at contract inception. In addition, certain lease arrangements contain fixed and variable lease payments. The variable lease payments are primarily contingent rental payments based on: (i) a percentage of revenue related to the leased property; (ii) payments based on a percentage of sales over contractual levels; or (iii) lease payments adjusted for changes in an index or market value. These variable lease payments are typically recognized when the underlying event occurs and are included in operating expenses on the Company&#8217;s Consolidated Statements of Operations in the same line item as the expense arising from the respective fixed lease payments. The Company&#8217;s lease agreements may also include non-lease components, such as common area maintenance and insurance, which are accounted for separately. Future lease payments that are contingent or represent non-lease components are not included in the measurement of the operating lease liability. The Company&#8217;s lease agreements do not contain any material residual value guarantees or restrictive covenants. Lease expense related to lease payments is recognized on a straight-line basis over the term of the lease.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s leases do not provide a readily determinable implicit rate. As a result, the Company measures the lease liability using an estimated incremental borrowing rate which is intended to reflect the rate of interest the Company would pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. The Company applies the estimated incremental borrowing rates at a portfolio level based on the economic environment associated with the lease.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company uses the long-lived assets impairment guidance to determine recognition and measurement of an ROU asset impairment, if any. The Company monitors for events or changes in circumstances that require a reassessment.</span></div></ix:nonNumeric><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">79</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-611-1" continuedAt="f-611-2"><ix:nonNumeric contextRef="c-1" name="us-gaap:LeaseCostTableTextBlock" id="f-614" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The components of lease expense for the years ended July&#160;31, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 and 2022</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> were as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:44.806%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.443%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.443%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.448%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Finance leases:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of the finance ROU assets</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:FinanceLeaseRightOfUseAssetAmortization" format="ixt:num-dot-decimal" scale="3" id="f-615">11,811</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:FinanceLeaseRightOfUseAssetAmortization" format="ixt:num-dot-decimal" scale="3" id="f-616">11,701</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:FinanceLeaseRightOfUseAssetAmortization" format="ixt:num-dot-decimal" scale="3" id="f-617">9,011</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest on lease liabilities </span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:FinanceLeaseInterestExpense" format="ixt:num-dot-decimal" scale="3" id="f-618">41,258</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:FinanceLeaseInterestExpense" format="ixt:num-dot-decimal" scale="3" id="f-619">40,098</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:FinanceLeaseInterestExpense" format="ixt:num-dot-decimal" scale="3" id="f-620">35,881</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating leases:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease expense</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:OperatingLeaseCost" format="ixt:num-dot-decimal" scale="3" id="f-621">46,613</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:OperatingLeaseCost" format="ixt:num-dot-decimal" scale="3" id="f-622">45,385</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:OperatingLeaseCost" format="ixt:num-dot-decimal" scale="3" id="f-623">43,295</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Short-term lease expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ShortTermLeaseCost" format="ixt:num-dot-decimal" scale="3" id="f-624">22,434</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ShortTermLeaseCost" format="ixt:num-dot-decimal" scale="3" id="f-625">22,759</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ShortTermLeaseCost" format="ixt:num-dot-decimal" scale="3" id="f-626">15,614</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Variable lease expense </span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:VariableLeaseCost" format="ixt:num-dot-decimal" scale="3" id="f-627">2,694</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:VariableLeaseCost" format="ixt:num-dot-decimal" scale="3" id="f-628">3,204</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:VariableLeaseCost" format="ixt:num-dot-decimal" scale="3" id="f-629">2,309</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:3pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Short-term lease expense is attributable to leases with terms of 12 months or less and no ROU assets or lease liabilities are included within the Company&#8217;s Consolidated Balance Sheets.</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:CashFlowSupplementalDisclosuresTextBlock" id="f-630" escape="true"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the supplemental cash flow information associated with the Company&#8217;s leasing activities for the years ended </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 and 2022 (in thousands):</span></div><div style="margin-top:8pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:45.976%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.859%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.859%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.446%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cash flow supplemental information:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash outflows for operating and short-term leases </span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:OperatingLeasePayments" format="ixt:num-dot-decimal" scale="3" id="f-631">64,724</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:OperatingLeasePayments" format="ixt:num-dot-decimal" scale="3" id="f-632">65,216</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:OperatingLeasePayments" format="ixt:num-dot-decimal" scale="3" id="f-633">59,818</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash outflows for lease- and non-lease components of finance leases</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:OperatingCashOutflowsforFinanceLeases" format="ixt:num-dot-decimal" scale="3" id="f-634">54,469</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:OperatingCashOutflowsforFinanceLeases" format="ixt:num-dot-decimal" scale="3" id="f-635">54,788</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:OperatingCashOutflowsforFinanceLeases" format="ixt:num-dot-decimal" scale="3" id="f-636">37,573</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-cash supplemental information:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating ROU assets obtained in exchange for operating lease obligations </span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" format="ixt:num-dot-decimal" scale="3" id="f-637">106,501</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" format="ixt:num-dot-decimal" scale="3" id="f-638">30,342</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" format="ixt:num-dot-decimal" scale="3" id="f-639">23,190</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance ROU assets obtained in exchange for finance lease obligations</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability" format="ixt:num-dot-decimal" scale="3" id="f-640">14,093</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability" format="ixt:num-dot-decimal" scale="3" id="f-641">39,114</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability" format="ixt:fixed-zero" scale="3" id="f-642">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="mtn:WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock" id="f-643" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weighted-average remaining lease terms and discount rates as of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024 and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 are as follows:</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:63.081%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.443%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.446%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted-average remaining lease term (in years)</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating leases</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-4" name="us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1" format="ixt-sec:duryear" id="f-644">11.0</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-5" name="us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1" format="ixt-sec:duryear" id="f-645">9.2</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance leases </span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-4" name="us-gaap:FinanceLeaseWeightedAverageRemainingLeaseTerm1" format="ixt-sec:duryear" id="f-646">36.0</ix:nonNumeric></span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-5" name="us-gaap:FinanceLeaseWeightedAverageRemainingLeaseTerm1" format="ixt-sec:duryear" id="f-647">37.6</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted-average discount rate </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating leases</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-4" decimals="INF" name="us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent" scale="-2" id="f-648">5.8</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-5" decimals="INF" name="us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent" scale="-2" id="f-649">4.9</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance leases </span></td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-4" decimals="INF" name="us-gaap:FinanceLeaseWeightedAverageDiscountRatePercent" scale="-2" id="f-650">9.9</ix:nonFraction>&#160;</span></td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-5" decimals="INF" name="us-gaap:FinanceLeaseWeightedAverageDiscountRatePercent" scale="-2" id="f-651">9.9</ix:nonFraction>&#160;</span></td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">80</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-611-2"><ix:nonNumeric contextRef="c-1" name="mtn:ScheduleofFutureMinimumLeasePaymentsTableTextBlock" id="f-652" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future fixed lease payments for operating and finance leases as of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> reflected by fiscal year (August 1 through July 31) are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:63.081%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.443%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.446%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Operating Leases </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Finance Leases </span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" format="ixt:num-dot-decimal" scale="3" id="f-653">50,284</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FinanceLeaseLiabilityPaymentsDueNextTwelveMonths" format="ixt:num-dot-decimal" scale="3" id="f-654">37,253</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" format="ixt:num-dot-decimal" scale="3" id="f-655">46,337</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FinanceLeaseLiabilityPaymentsDueYearTwo" format="ixt:num-dot-decimal" scale="3" id="f-656">37,447</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree" format="ixt:num-dot-decimal" scale="3" id="f-657">41,961</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FinanceLeaseLiabilityPaymentsDueYearThree" format="ixt:num-dot-decimal" scale="3" id="f-658">37,647</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFour" format="ixt:num-dot-decimal" scale="3" id="f-659">36,095</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FinanceLeaseLiabilityPaymentsDueYearFour" format="ixt:num-dot-decimal" scale="3" id="f-660">37,644</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFive" format="ixt:num-dot-decimal" scale="3" id="f-661">30,038</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FinanceLeaseLiabilityPaymentsDueYearFive" format="ixt:num-dot-decimal" scale="3" id="f-662">38,900</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" format="ixt:num-dot-decimal" scale="3" id="f-663">166,347</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FinanceLeaseLiabilityPaymentsDueAfterYearFive" format="ixt:num-dot-decimal" scale="3" id="f-664">1,696,212</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total future minimum lease payments </span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue" format="ixt:num-dot-decimal" scale="3" id="f-665">371,062</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FinanceLeaseLiabilityPaymentsDue" format="ixt:num-dot-decimal" scale="3" id="f-666">1,885,103</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less amount representing interest </span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" format="ixt:num-dot-decimal" scale="3" id="f-667">104,986</ix:nonFraction>)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FinanceLeaseLiabilityUndiscountedExcessAmount" format="ixt:num-dot-decimal" scale="3" id="f-668">1,467,013</ix:nonFraction>)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total lease liabilities </span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:OperatingLeaseLiability" format="ixt:num-dot-decimal" scale="3" id="f-669">266,076</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FinanceLeaseLiability" format="ixt:num-dot-decimal" scale="3" id="f-670">418,090</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The current portion of operating lease liabilities of approximately $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="mtn:CurrentOperatingLeaseLiability" format="ixt:num-dot-decimal" scale="6" id="f-671">32.6</ix:nonFraction>&#160;million and $<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="mtn:CurrentOperatingLeaseLiability" format="ixt:num-dot-decimal" scale="6" id="f-672">36.9</ix:nonFraction>&#160;million as of July&#160;31, 2024 and 2023, respectively, is recorded within accounts payables and accrued liabilities in the accompanying Consolidated Balance Sheets. Finance lease liabilities are recorded within long-term debt, net in the accompanying Consolidated Balance Sheets.</span></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Canyons finance lease obligation was $<ix:nonFraction unitRef="usd" contextRef="c-124" decimals="-5" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="6" id="f-673">369.1</ix:nonFraction>&#160;million and $<ix:nonFraction unitRef="usd" contextRef="c-125" decimals="-5" name="us-gaap:LongTermDebt" scale="6" id="f-674">363.4</ix:nonFraction> million as of July&#160;31, 2024 and 2023, respectively, which represents the estimated annual fixed lease payments for the remaining period of the initial 50 year term of the lease assuming annual increases at the floor of 2% and discounted using an interest rate of 10%. As of July&#160;31, 2024 and 2023, respectively, the Company has recorded $<ix:nonFraction unitRef="usd" contextRef="c-124" decimals="-5" name="us-gaap:FinanceLeaseRightOfUseAsset" scale="6" id="f-675">81.9</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-125" decimals="-5" name="us-gaap:FinanceLeaseRightOfUseAsset" format="ixt:num-dot-decimal" scale="6" id="f-676">90.2</ix:nonFraction>&#160;million of net finance lease ROU assets in connection with the Canyons lease, net of $<ix:nonFraction unitRef="usd" contextRef="c-124" decimals="-5" name="us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization" scale="6" id="f-677">101.7</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-125" decimals="-5" name="us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization" scale="6" id="f-678">93.4</ix:nonFraction> million of accumulated amortization, which is included within property, plant and equipment, net in the Company&#8217;s Consolidated Balance Sheets.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Whistler Blackcomb employee housing finance lease obligation was $<ix:nonFraction unitRef="usd" contextRef="c-126" decimals="-5" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="6" id="f-679">27.9</ix:nonFraction>&#160;million and $<ix:nonFraction unitRef="usd" contextRef="c-127" decimals="-5" name="us-gaap:LongTermDebt" scale="6" id="f-680">29.5</ix:nonFraction> million as of July&#160;31, 2024 and 2023, respectively, which represents the minimum lease payments for the remaining period of the initial 20 year term of the lease, net of amounts representing interest, discounted using an interest rate of 6.95%. As of July&#160;31, 2024 and 2023, respectively, the Company has recorded $<ix:nonFraction unitRef="usd" contextRef="c-126" decimals="-5" name="us-gaap:FinanceLeaseRightOfUseAsset" format="ixt:num-dot-decimal" scale="6" id="f-681">25.7</ix:nonFraction>&#160;million and $<ix:nonFraction unitRef="usd" contextRef="c-127" decimals="-5" name="us-gaap:FinanceLeaseRightOfUseAsset" scale="6" id="f-682">27.5</ix:nonFraction> million of net finance lease ROU assets in connection with these leases, net of $<ix:nonFraction unitRef="usd" contextRef="c-126" decimals="-5" name="us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization" format="ixt:num-dot-decimal" scale="6" id="f-683">2.5</ix:nonFraction>&#160;million and $<ix:nonFraction unitRef="usd" contextRef="c-127" decimals="-5" name="us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization" scale="6" id="f-684">1.1</ix:nonFraction> million of accumulated amortization, which is included within property, plant and equipment, net in the Company&#8217;s Consolidated Balance Sheet.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended July 31, 2024, the Company reassessed its lease agreements for the operations of Northstar Resort (&#8220;Northstar&#8221;), for which the initial lease terms expire in January 2027 and the agreements provide for three 10-year optional lease extensions. Prior to the year ended July 31, 2024, the Company had not determined that it was reasonably certain to exercise any of the optional lease extensions for Northstar and, accordingly, only the initial lease terms were considered in the measurement of the ROU assets and lease liabilities. During the year ended July 31, 2024, due to near-term operating decisions which would be influenced by the decision to extend the lease, the Company reassessed the lease extensions and determined that it was reasonably certain that it will exercise the first of its 10-year optional lease extensions at Northstar, and as a result, the Company recorded incremental operating ROU assets and operating lease liabilities of $<ix:nonFraction unitRef="usd" contextRef="c-128" decimals="-5" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="6" id="f-685">75.7</ix:nonFraction>&#160;million each. Additionally, the Company recorded finance lease ROU assets of $<ix:nonFraction unitRef="usd" contextRef="c-129" decimals="-5" name="us-gaap:FinanceLeaseRightOfUseAsset" format="ixt:num-dot-decimal" scale="6" id="f-686">13.1</ix:nonFraction>&#160;million and finance lease obligations of $<ix:nonFraction unitRef="usd" contextRef="c-129" decimals="-5" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="6" id="f-687">12.8</ix:nonFraction>&#160;million as of July&#160;31, 2024, which represent the minimum lease payments for the remaining 13 year reassessed term of the lease, net of amounts representing interest, related to assets for which the Company determined that the remaining reassessed lease term represented a major part of the remaining economic life of such assets. As of the remeasurement date for the Northstar leases, the ROU assets and liabilities were discounted using an interest rate of 6.6%.</span></div></ix:continuation><div id="ie3b544e2e7c945e991471c5324b69364_133"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5.&#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="us-gaap:EarningsPerShareTextBlock" id="f-688" continuedAt="f-688-1" escape="true">Net Income per Common Share</ix:nonNumeric></span></div><ix:continuation id="f-688-1" continuedAt="f-688-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Earnings per Share</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Basic earnings per share (&#8220;EPS&#8221;) excludes dilution and is computed by dividing net income attributable to Vail Resorts stockholders by the weighted-average shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, resulting in the issuance of shares of common stock that would then share in the earnings of Vail Resorts.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the Company&#8217;s acquisition of Whistler Blackcomb in October 2016, the Company issued consideration in the form of shares of Vail Resorts common stock (the &#8220;Vail Shares&#8221;), redeemable preferred shares of the Company&#8217;s wholly-</span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">81</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-688-2" continuedAt="f-688-3"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">owned Canadian subsidiary Whistler Blackcomb Holdings Inc. (&#8220;Exchangeco Shares&#8221;) or cash (or a combination thereof). Effective September 26, 2022, all Exchangeco Shares had been exchanged for Vail Shares. Both Vail Shares and Exchangeco Shares have a par value of $0.01&#160;per share, and Exchangeco Shares, while they were outstanding, were substantially the economic equivalent of the Vail Shares. The Company&#8217;s calculation of weighted-average shares outstanding as of July&#160;31, 2023 included the Exchangeco Shares for the period they were outstanding during the fiscal year, but there were no Exchangeco Shares that remained outstanding as of July&#160;31, 2023.</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" id="f-689" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Presented below is basic and diluted EPS for the years ended July&#160;31, 2024, 2023 and 2022 (in thousands, except per share amounts):</span></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"/><td style="width:42.346%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.325%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.325%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.325%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.325%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.325%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.329%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="18" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Basic</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Diluted</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Basic</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Diluted</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Basic</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Diluted</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net income per share:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to Vail Resorts</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-690">230,405</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-691">230,405</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-692">268,148</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-693">268,148</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-694">347,923</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-695">347,923</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted-average Vail Shares outstanding</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingCommon" format="ixt:num-dot-decimal" scale="3" id="f-696">37,868</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingCommon" format="ixt:num-dot-decimal" scale="3" id="f-697">37,868</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingCommon" format="ixt:num-dot-decimal" scale="3" id="f-698">39,654</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingCommon" format="ixt:num-dot-decimal" scale="3" id="f-699">39,654</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingCommon" format="ixt:num-dot-decimal" scale="3" id="f-700">40,433</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingCommon" format="ixt:num-dot-decimal" scale="3" id="f-701">40,433</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted-average Exchangeco shares outstanding</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingExchangeable" format="ixt:fixed-zero" scale="3" id="f-702">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingExchangeable" format="ixt:fixed-zero" scale="3" id="f-703">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingExchangeable" format="ixt:fixed-zero" scale="3" id="f-704">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingExchangeable" format="ixt:fixed-zero" scale="3" id="f-705">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingExchangeable" scale="3" id="f-706">32</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="mtn:WeightedAverageNumberofSharesOutstandingExchangeable" scale="3" id="f-707">32</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Weighted-average shares outstanding</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" format="ixt:num-dot-decimal" scale="3" id="f-708">37,868</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" format="ixt:num-dot-decimal" scale="3" id="f-709">37,868</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" format="ixt:num-dot-decimal" scale="3" id="f-710">39,654</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" format="ixt:num-dot-decimal" scale="3" id="f-711">39,654</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" format="ixt:num-dot-decimal" scale="3" id="f-712">40,465</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" format="ixt:num-dot-decimal" scale="3" id="f-713">40,465</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effect of dilutive securities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment" scale="3" id="f-714">89</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment" scale="3" id="f-715">106</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment" scale="3" id="f-716">222</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total shares</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" format="ixt:num-dot-decimal" scale="3" id="f-717">37,868</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" format="ixt:num-dot-decimal" scale="3" id="f-718">37,957</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" format="ixt:num-dot-decimal" scale="3" id="f-719">39,654</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" format="ixt:num-dot-decimal" scale="3" id="f-720">39,760</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" format="ixt:num-dot-decimal" scale="3" id="f-721">40,465</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" format="ixt:num-dot-decimal" scale="3" id="f-722">40,687</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income per share attributable to Vail Resorts, Inc.</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="us-gaap:EarningsPerShareBasic" scale="0" id="f-723">6.08</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="us-gaap:EarningsPerShareDiluted" scale="0" id="f-724">6.07</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="us-gaap:EarningsPerShareBasic" scale="0" id="f-725">6.76</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="us-gaap:EarningsPerShareDiluted" scale="0" id="f-726">6.74</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-7" decimals="2" name="us-gaap:EarningsPerShareBasic" scale="0" id="f-727">8.60</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-7" decimals="2" name="us-gaap:EarningsPerShareDiluted" scale="0" id="f-728">8.55</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 that were excluded from the calculation of diluted EPS because the effect of their inclusion would have been anti-dilutive totaled approximately <ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" format="ixt:num-dot-decimal" scale="0" id="f-729">12,000</ix:nonFraction>, <ix:nonFraction unitRef="shares" contextRef="c-6" decimals="0" name="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" format="ixt:num-dot-decimal" scale="0" id="f-730">22,000</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="c-7" decimals="0" name="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" format="ixt:num-dot-decimal" scale="0" id="f-731">6,000</ix:nonFraction> for the years ended July&#160;31, 2024, 2023 and 2022, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2020, the Company completed an offering of $<ix:nonFraction unitRef="usd" contextRef="c-130" decimals="-6" name="us-gaap:DebtInstrumentFaceAmount" format="ixt:num-dot-decimal" scale="6" id="f-732">575.0</ix:nonFraction>&#160;million in aggregate principal amount of <ix:nonFraction unitRef="number" contextRef="c-130" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-733">0.0</ix:nonFraction>% Convertible Notes (as defined in Note 6, Long-Term Debt). The Company is required to settle the principal amount of the <ix:nonFraction unitRef="number" contextRef="c-130" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-734">0.0</ix:nonFraction>% Convertible Notes in cash and has the option to settle the conversion spread in cash or shares. The Company uses the if-converted method to calculate the impact of convertible instruments on diluted EPS when the instruments may be settled in cash or shares. If the conversion value of the <ix:nonFraction unitRef="number" contextRef="c-130" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-735">0.0</ix:nonFraction>% Convertible Notes exceeds their conversion price, then the Company will calculate its diluted EPS as if all the notes were converted into common stock at the beginning of the period. However, if reflecting the <ix:nonFraction unitRef="number" contextRef="c-130" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-736">0.0</ix:nonFraction>% Convertible Notes in diluted EPS in this manner is anti-dilutive, or if the conversion value of the notes does not exceed their conversion price for a reporting period, then the shares underlying the notes will not be reflected in the Company&#8217;s calculation of diluted EPS. For the years ended July&#160;31, 2024, 2023 and 2022, the price of Vail Shares did not exceed the conversion price and therefore there was no impact to diluted EPS during those periods.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Dividends</span></div></ix:continuation><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:continuation id="f-688-3">During the years ended July&#160;31, 2024, 2023, and 2022 the Company paid cash dividends of $<ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="us-gaap:CommonStockDividendsPerShareCashPaid" scale="0" id="f-737">8.56</ix:nonFraction> per share, $<ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="us-gaap:CommonStockDividendsPerShareCashPaid" scale="0" id="f-738">7.94</ix:nonFraction> per share, and $<ix:nonFraction unitRef="usdPerShare" contextRef="c-7" decimals="2" name="us-gaap:CommonStockDividendsPerShareCashPaid" scale="0" id="f-739">5.58</ix:nonFraction> per share, respectively ($<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:PaymentsOfDividends" format="ixt:num-dot-decimal" scale="6" id="f-740">323.7</ix:nonFraction>&#160;million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:PaymentsOfDividends" format="ixt:num-dot-decimal" scale="6" id="f-741">314.4</ix:nonFraction>&#160;million, and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:PaymentsOfDividends" scale="6" id="f-742">225.8</ix:nonFraction> million respectively, including cash dividends paid to Exchangeco shareholders). On September 25, 2024, the Company&#8217;s Board of Directors approved a cash dividend of $<ix:nonFraction unitRef="usdPerShare" contextRef="c-131" decimals="2" name="us-gaap:CommonStockDividendsPerShareDeclared" format="ixt:num-dot-decimal" id="f-743">2.22</ix:nonFraction> per share payable on <ix:nonNumeric contextRef="c-132" name="us-gaap:DividendPayableDateToBePaidDayMonthAndYear" format="ixt:date-monthname-day-year-en" id="f-744">October 24, 2024</ix:nonNumeric> to stockholders of record as of <ix:nonNumeric contextRef="c-133" name="us-gaap:DividendsPayableDateOfRecordDayMonthAndYear" format="ixt:date-monthname-day-year-en" id="f-745">October 8, 2024</ix:nonNumeric>.</ix:continuation> </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">82</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_136"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">6.&#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfDebtInstrumentsTextBlock" id="f-747" continuedAt="f-747-1" escape="true"><ix:nonNumeric contextRef="c-1" name="us-gaap:DebtDisclosureTextBlock" id="f-746" continuedAt="f-746-1" escape="true">Long-Term Debt</ix:nonNumeric></ix:nonNumeric></span></div><ix:continuation id="f-747-1" continuedAt="f-747-2"><ix:continuation id="f-746-1" continuedAt="f-746-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Long-term debt as of July&#160;31, 2024 and 2023 is summarized as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.970%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.544%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,<br/>2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,<br/>2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vail Holdings Credit Agreement revolver</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (a)</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-134" name="mtn:DebtInstrumentYearofMaturity" id="f-748">2029</ix:nonNumeric></span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-135" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:fixed-zero" scale="3" id="f-749">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-136" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:fixed-zero" scale="3" id="f-750">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vail Holdings Credit Agreement term loan</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (a)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-137" name="mtn:DebtInstrumentYearofMaturity" id="f-751">2029</ix:nonNumeric></span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-138" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-752">959,766</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-139" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-753">1,015,625</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.50% Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (b)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-140" name="mtn:DebtInstrumentYearofMaturity" id="f-754">2032</ix:nonNumeric></span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-141" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-755">600,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-142" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:fixed-zero" scale="3" id="f-756">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.25% Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (b)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-143" name="mtn:DebtInstrumentYearofMaturity" id="f-757">2025</ix:nonNumeric></span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-144" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:fixed-zero" scale="3" id="f-758">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-145" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-759">600,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.0% Convertible Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (c)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-146" name="mtn:DebtInstrumentYearofMaturity" id="f-760">2026</ix:nonNumeric></span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-761">575,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-148" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-762">575,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Whistler Credit Agreement revolver</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (d)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-149" name="mtn:DebtInstrumentYearofMaturity" id="f-763">2028</ix:nonNumeric></span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-150" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:fixed-zero" scale="3" id="f-764">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-151" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:fixed-zero" scale="3" id="f-765">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">EPR Secured Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (e)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-152" name="mtn:DebtInstrumentYearofMaturity" id="f-766">2034</ix:nonNumeric>-<ix:nonNumeric contextRef="c-153" name="mtn:DebtInstrumentYearofMaturity" id="f-767">2036</ix:nonNumeric></span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-72" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-768">114,162</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-154" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-769">114,162</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Employee housing bonds</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (f)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-155" name="mtn:DebtInstrumentYearofMaturity" id="f-770">2027</ix:nonNumeric>-<ix:nonNumeric contextRef="c-156" name="mtn:DebtInstrumentYearofMaturity" id="f-771">2039</ix:nonNumeric></span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-157" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-772">52,575</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-158" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-773">52,575</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Canyons obligation</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (g)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-159" name="mtn:DebtInstrumentYearofMaturity" id="f-774">2063</ix:nonNumeric></span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-124" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-775">369,143</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-125" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-776">363,386</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NRP Loan</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (h)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-160" name="mtn:DebtInstrumentYearofMaturity" id="f-777">2036</ix:nonNumeric></span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-161" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-778">37,088</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-162" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-779">40,399</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Whistler Blackcomb employee housing leases </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(i)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-163" name="mtn:DebtInstrumentYearofMaturity" id="f-780">2042</ix:nonNumeric></span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-164" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-781">27,887</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-165" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-782">29,491</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (j)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-166" name="mtn:DebtInstrumentYearofMaturity" id="f-783">2024</ix:nonNumeric>-<ix:nonNumeric contextRef="c-167" name="mtn:DebtInstrumentYearofMaturity" id="f-784">2037</ix:nonNumeric></span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-168" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-785">52,017</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-169" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-786">35,011</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total debt</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-787">2,787,638</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-788">2,825,649</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Unamortized premiums, discounts and debt issuance costs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(k)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" format="ixt:num-dot-decimal" scale="3" id="f-789">8,888</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" format="ixt:num-dot-decimal" scale="3" id="f-790">5,814</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Current maturities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(l)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebtCurrent" format="ixt:num-dot-decimal" scale="3" id="f-791">57,153</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:LongTermDebtCurrent" format="ixt:num-dot-decimal" scale="3" id="f-792">69,160</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt, net</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebtNoncurrent" format="ixt:num-dot-decimal" scale="3" id="f-793">2,721,597</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:LongTermDebtNoncurrent" format="ixt:num-dot-decimal" scale="3" id="f-794">2,750,675</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(a)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt">On April 24, 2024, Vail Holdings, Inc. (&#8220;VHI&#8221;), which is a wholly-owned subsidiary of the Company, Bank of America, N.A., as administrative agent, and certain lenders entered into the Ninth Amended and Restated Credit Agreement (the &#8220;Vail Holdings Credit Agreement&#8221;). The Vail Holdings Credit Agreement matures on April 24, 2029 and consists of a $<ix:nonFraction unitRef="usd" contextRef="c-135" decimals="-5" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" scale="6" id="f-795">500.0</ix:nonFraction> million revolving credit facility and a term loan facility, which had an outstanding balance of $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:LineOfCredit" format="ixt:num-dot-decimal" scale="6" id="f-796">959.8</ix:nonFraction>&#160;million as of July 31, 2024. The term loan facility is subject to quarterly amortization of principal of approximately $<ix:nonFraction unitRef="usd" contextRef="c-137" decimals="-5" name="us-gaap:DebtInstrumentPeriodicPayment" scale="6" id="f-797">12.3</ix:nonFraction> million and the final payment of all amounts outstanding, plus accrued and unpaid interest due in upon maturity in April 2029. VHI&#8217;s obligations under the Vail Holdings Credit Agreement are guaranteed by the Company and certain of its subsidiaries and are collateralized by a pledge of all the capital stock of VHI and substantially all of its subsidiaries (with certain additional exceptions for the pledge of the capital stock of foreign subsidiaries). In addition, pursuant to the terms of the Vail Holdings Credit Agreement, VHI has the ability to increase availability (under the revolver or in the form of term loans) to an aggregate principal amount not to exceed the greater of (i) $2.75 billion and (ii) the product of 3.5 and the trailing twelve-month Adjusted EBITDA, as defined in the Vail Holdings Credit Agreement. The proceeds of the loans made under the Vail Holdings Credit Agreement may be used to fund the Company&#8217;s working capital needs, capital expenditures, acquisitions, investments and other general corporate purposes, including the issuance of letters of credit. Borrowings under the Vail Holdings Credit Agreement, including the term loan facility, bear interest annually at the Secured Overnight Financing Rate (&#8220;SOFR&#8221;) plus a spread of <ix:nonFraction unitRef="number" contextRef="c-134" decimals="INF" name="us-gaap:DebtInstrumentBasisSpreadOnVariableRate1" scale="-2" id="f-798">1.60</ix:nonFraction>% as of July&#160;31, 2024 (<ix:nonFraction unitRef="number" contextRef="c-138" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-799">6.94</ix:nonFraction>% as of July&#160;31, 2024). Interest rate margins may fluctuate based upon the ratio of the Company&#8217;s Net Funded Debt to Adjusted EBITDA on a trailing four-quarter basis. The Vail Holdings Credit Agreement provides for affirmative and negative covenants that restrict, among other things, the Company&#8217;s ability to incur indebtedness, dispose of assets, make distributions and make investments. The Vail Holdings Credit Agreement also includes a quarterly unused commitment fee, which is equal to a percentage determined by the Net Funded Debt to Adjusted EBITDA ratio, as each such term is defined in the Vail Holdings Credit Agreement, multiplied by the daily amount by which the Vail Holdings Credit Agreement commitment exceeds the total of outstanding loans and outstanding letters of credit (<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="4" name="us-gaap:DebtInstrumentUnusedBorrowingCapacityFee" scale="-2" id="f-800">0.30</ix:nonFraction>% as of July&#160;31, 2024). The Company was party to various interest rate swap agreements as of July 31, 2024 which hedged the cash flows associated with the SOFR-based variable interest rate component of $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-6" name="mtn:MtnInterestRateSwapNotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-801">400.0</ix:nonFraction>&#160;million in principal amount of its Vail Holdings Credit Agreement at an effective rate of <ix:nonFraction unitRef="number" contextRef="c-4" decimals="4" name="us-gaap:DerivativeFixedInterestRate" scale="-2" id="f-802">1.38</ix:nonFraction>%. These interest rate swaps expired on September 23, 2024.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(b)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">On May 8, 2024, the Company completed an offering of $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-6" name="us-gaap:ProceedsFromUnsecuredNotesPayable" format="ixt:num-dot-decimal" scale="6" id="f-803"><ix:nonFraction unitRef="usd" contextRef="c-170" decimals="-5" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" format="ixt:num-dot-decimal" scale="6" id="f-804">600.0</ix:nonFraction></ix:nonFraction>&#160;million aggregate principal amount of <ix:nonFraction unitRef="number" contextRef="c-141" decimals="3" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-805">6.50</ix:nonFraction>% senior notes due 2032 at par, and the net proceeds were used to fund the redemption of all $<ix:nonFraction unitRef="usd" contextRef="c-170" decimals="-5" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" format="ixt:num-dot-decimal" scale="6" id="f-806">600.0</ix:nonFraction>&#160;million of the outstanding 6.25% Notes due 2025 at par.&#160;The 6.50% Notes are unsecured senior obligations of the Company and are guaranteed by certain of the Company&#8217;s domestic subsidiaries.</span></div></ix:continuation></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">83</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-747-2" continuedAt="f-747-3"><ix:continuation id="f-746-2" continuedAt="f-746-3"><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company will pay interest on the 6.50% Notes on May 15 and November 15 of each year commencing on November 15, 2024, and the 6.50% Notes will mature on May 15, 2032. The 6.50% Notes are redeemable, in whole or in part, at any time on or after May 15, 2027 at the redemption prices specified in a 2024 Indenture dated as of May 8, 2024 (the &#8220;2024 Indenture&#8221;) plus accrued and unpaid interest. Prior to May 15, 2027, the Company may redeem some or all of the 6.50% Notes at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, plus a &#8220;make-whole&#8221; premium as specified in the 2024 Indenture. In addition, prior to May 15, 2027, the Company may redeem up to 40% of the aggregate principal amount of the 6.50% Notes with an amount not to exceed the net cash proceeds from certain equity offerings at the redemption price of 106.50% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The 6.50% Notes are senior unsecured obligations of the Company and rank equally in right of payment with existing and future senior indebtedness of the Company and the guarantors (as defined in the 2024 Indenture).</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2024 Indenture requires that, upon the occurrence of a Change of Control Repurchase Event (as defined in the 2024 Indenture), the Company shall offer to purchase all of the outstanding Notes at a purchase price in cash equal to 101% of the outstanding principal amount of the 6.50% Notes, plus accrued and unpaid interest. If the Company or certain of its subsidiaries dispose of assets, under certain circumstances, the Company will be required to either invest the net cash proceeds from such assets sales in its business within a specified period of time, repay certain senior secured debt or debt of its non-guarantor subsidiaries, or make an offer to purchase a principal amount of the 6.50% Notes equal to the excess net cash proceeds at a purchase price of 100% of their principal amount, plus accrued and unpaid interest.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2024 Indenture contains covenants that, among other things, restrict the ability of the Company and the guarantors to incur liens on assets; merge or consolidate with another company or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the Company&#8217;s assets or engage in Sale and Leaseback Transactions (as defined in the 2024 Indenture). The 2024 Indenture does not contain any financial maintenance covenants. Certain of the covenants will not apply to the 6.50% Notes so long as the 6.50% Notes have investment grade ratings from two specified rating agencies and no event of default has occurred and is continuing under the 2024 Indenture. The 2024 Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the 2024 Indenture, certain defaults on certain other indebtedness, certain events of bankruptcy, insolvency or reorganization, and invalidity of the guarantees of the 6.50% Notes issued pursuant to the 2024 Indenture.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(c)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt">On December 18, 2020, the Company completed an offering of $575.0&#160;million in aggregate principal amount of 0.0% Convertible Notes due 2026 in a private placement conducted pursuant to Rule 144A of the Securities Act of 1933, as amended (the &#8220;0.0% Convertible Notes&#8221;). The 0.0% Convertible Notes were issued under an indenture dated December 18, 2020 (the &#8220;Convertible Indenture&#8221;) between the Company and U.S. Bank National Association, as Trustee. The 0.0% Convertible Notes do not bear regular interest and the principal amount does not accrete. The 0.0% Convertible Notes mature on January 1, 2026, unless earlier repurchased, redeemed or converted.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 0.0% Convertible Notes are general senior unsecured obligations of the Company. The 0.0% Convertible Notes rank senior in right of payment to any future debt that is expressly subordinated, equal in right of payment with the Company&#8217;s existing and future liabilities that are not so subordinated, and are subordinated to all of the Company&#8217;s existing and future secured debt to the extent of the value of the assets securing such debt. The 0.0% Convertible Notes will also be structurally subordinated to all of the existing and future liabilities and obligations of the Company&#8217;s subsidiaries, including such subsidiaries&#8217; guarantees of the 6.50% Notes.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The initial conversion rate was 2.4560 shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $<ix:nonFraction unitRef="usdPerShare" contextRef="c-171" decimals="2" name="us-gaap:DebtInstrumentConvertibleConversionPrice1" format="ixt:num-dot-decimal" id="f-807">407.17</ix:nonFraction> per share, and is subject to adjustment upon the occurrence of certain specified events as described in the Convertible Indenture, including the payment of cash dividends. As of July&#160;31, 2024, the conversion rate of the 0.0% Convertible Notes, adjusted for cash dividends paid since the issuance date, was 2.7075 shares per $1,000 principal amount of notes (the &#8220;Conversion Rate&#8221;), which represents a conversion price of $<ix:nonFraction unitRef="usdPerShare" contextRef="c-147" decimals="2" name="us-gaap:DebtInstrumentConvertibleConversionPrice1" scale="0" id="f-808">369.35</ix:nonFraction> per share (the &#8220;Conversion Price&#8221;). The principal amount of the 0.0% Convertible Notes is required to be settled in cash. The Company will settle the in the money component of conversions by paying cash, delivering shares of its common stock, or a combination of the two, at its option.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Holders may convert their notes, at their option, only under the following circumstances:</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">during any calendar quarter commencing after the calendar quarter ending on March 31, 2021 if the last reported sale price per share of our common stock exceeds <ix:nonFraction unitRef="number" contextRef="c-172" decimals="1" name="us-gaap:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger" scale="-2" id="f-809">130</ix:nonFraction>% of the Conversion Price for each of at least <ix:nonFraction unitRef="d" contextRef="c-172" decimals="0" name="us-gaap:DebtInstrumentConvertibleThresholdTradingDays" id="f-810">20</ix:nonFraction> trading days (whether or not consecutive) during the <ix:nonFraction unitRef="d" contextRef="c-172" decimals="0" name="us-gaap:DebtInstrumentConvertibleThresholdConsecutiveTradingDays1" id="f-811">30</ix:nonFraction> consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter;</span></div></ix:continuation></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">84</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-747-3" continuedAt="f-747-4"><ix:continuation id="f-746-3" continuedAt="f-746-4"><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">during the five consecutive business days immediately after any <ix:nonFraction unitRef="d" contextRef="c-172" decimals="0" name="mtn:DebtInstrumentConvertibleMeasurementPeriod" id="f-812">10</ix:nonFraction> consecutive trading day period (such 10 consecutive trading day period, the &#8220;Measurement Period&#8221;) in which the trading price per $1,000 principal amount of notes for each trading day of the Measurement Period was less than <ix:nonFraction unitRef="number" contextRef="c-172" decimals="0" name="mtn:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1" format="ixt:num-dot-decimal" id="f-813">98</ix:nonFraction>% of the product of the last reported sale price per share of our common stock on such trading day and the Conversion Rate on such trading day;</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">upon the occurrence of certain corporate events or distributions on our common stock, as described in the Convertible Indenture;</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">if the Company calls the 0.0% Convertible Notes for redemption; or</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">at any time from, and including, July 1, 2025 until the close of business on the scheduled trading day immediately before the maturity date.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 0.0% Convertible Notes will be redeemable, in whole or in part, at the Company&#8217;s option at any time, and from time to time, on or after January 1, 2024 and on or before the 25th scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the notes to be redeemed, plus accrued and unpaid special and additional interest, if any, to, but excluding, the redemption date, but only if the last reported sale price per share of the Company&#8217;s common stock exceeds <ix:nonFraction unitRef="number" contextRef="c-172" decimals="1" name="us-gaap:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger" scale="-2" id="f-814">130</ix:nonFraction>% of the Conversion Price for a specified period of time. If the Company elects to redeem less than all of the 0.0% Convertible Notes, at least $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="mtn:ConvertibleDebtPartialRedemptionMinimumRemainingBalance" format="ixt:num-dot-decimal" scale="6" id="f-815">50.0</ix:nonFraction>&#160;million aggregate principal amount of notes must be outstanding and not subject to redemption as of the relevant redemption notice date. Calling any 0.0% Convertible Notes for redemption will constitute a make-whole fundamental change with respect to such notes, in which case the Conversion Rate applicable to the conversion of such notes will be increased in certain circumstances if such notes are converted after they are called for redemption.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, upon the occurrence of a fundamental change (as defined in the Convertible Indenture), holders of the 0.0% Convertible Notes may require the Company to repurchase all or a portion of their notes at a cash repurchase price equal to the principal amount of the notes to be repurchased, plus any accrued and unpaid special and additional interest, if any, to, but excluding, the applicable repurchase date. If certain fundamental changes referred to as make-whole fundamental changes (as defined in the Convertible Indenture) occur, the Conversion Rate for the 0.0% Convertible Notes may be increased for a specified period of time.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Convertible Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the Convertible Indenture, certain defaults on certain other indebtedness, and certain events of bankruptcy, insolvency or reorganization. The Company may elect, at its option, that the sole remedy for an event of default relating to certain failures by the Company to comply with certain reporting covenants in the Convertible Indenture will consist exclusively of the right of the holders of the 0.0% Convertible Notes to receive additional interest on the notes for up to 360 days following such failure.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to the adoption of ASU 2020-06 on August 1, 2022, the Company separately accounted for the liability and equity components of the 0.0% Convertible Notes. The liability component at issuance was recognized at estimated fair value based on the fair value of a similar debt instrument that does not have an embedded convertible feature, and was determined to be $<ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-3" name="us-gaap:LongTermDebtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-816">465.3</ix:nonFraction>&#160;million and was recorded within long-term debt, net on the Company&#8217;s Consolidated Balance Sheet.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The excess of the principal amount of the 0.0% Convertible Notes over the initial fair value of the liability component represented a debt discount of $<ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-3" name="us-gaap:DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent" format="ixt:num-dot-decimal" scale="6" id="f-817">109.7</ix:nonFraction>&#160;million and was being amortized to interest expense, net over the term through July 31, 2022 (prior to the adoption of ASU 2020-06). The balance of the unamortized debt discount was $<ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-5" name="us-gaap:DebtInstrumentUnamortizedDiscountPremiumNet" format="ixt:num-dot-decimal" scale="6" id="f-818">76.7</ix:nonFraction>&#160;million as of July 31, 2022. The carrying amount of the equity component representing the conversion option was approximately $<ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-3" name="us-gaap:DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent" format="ixt:num-dot-decimal" scale="6" id="f-819">109.7</ix:nonFraction>&#160;million and was determined by deducting the initial fair value of the liability component from the total proceeds of the 0.0% Convertible Notes of $<ix:nonFraction unitRef="usd" contextRef="c-147" decimals="-3" name="us-gaap:DebtInstrumentFaceAmount" format="ixt:num-dot-decimal" scale="6" id="f-820">575.0</ix:nonFraction>&#160;million. Additionally, the Company recorded deferred tax liabilities of approximately $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature" format="ixt:num-dot-decimal" scale="6" id="f-821">27.5</ix:nonFraction>&#160;million related to the equity component of the 0.0% Convertible Notes on the date of issuance, which decreased the recorded value of the equity component. As of July 31, 2022, the equity component was recorded within additional paid-in-capital on the Company&#8217;s Consolidated Balance Sheet. The Company adopted ASU 2020-06 on August 1, 2022 using the modified retrospective method, and as a result, the Company reclassified the equity component of its 0.0% Convertible Notes to long-term debt, net, and no longer records non-cash interest expense related to the amortization of the debt discount effective as of the adoption date. </span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(d)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">Whistler Mountain Resort Limited Partnership (&#8220;Whistler LP&#8221;) and Blackcomb Skiing Enterprises Limited Partnership (&#8220;Blackcomb LP&#8221; and together with Whistler LP, the &#8220;WB Partnerships&#8221;) are party to a credit agreement consisting of a C$<ix:nonFraction unitRef="usd" contextRef="c-150" decimals="-6" name="us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity" format="ixt:num-dot-decimal" scale="6" id="f-822">300.0</ix:nonFraction>&#160;million credit facility which was originally dated as of <ix:nonNumeric contextRef="c-149" name="us-gaap:LineOfCreditFacilityInitiationDate1" format="ixt:date-monthname-day-year-en" id="f-823">November 12, 2013</ix:nonNumeric>, by and among Whistler LP, Blackcomb LP, certain subsidiaries of Whistler LP and Blackcomb LP party thereto as guarantors, the financial institutions party thereto as lenders and The Toronto-Dominion Bank (&#8220;TD&#8221;), as administrative agent. On April 14, 2023, the WB Partnerships along with other parties to the original agreement entered into the Second Amended and Restated Credit Agreement (as amended, the &#8220;Whistler Credit Agreement&#8221;). The amended Whistler Credit Agreement (i) extended the </span></div></ix:continuation></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">85</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-747-4" continuedAt="f-747-5"><ix:continuation id="f-746-4" continuedAt="f-746-5"><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">maturity date of the revolving credit facility to April 14, 2028; (ii) contained customary LIBOR replacement language for the use of rates based on SOFR with regard to borrowings under the facility made in U.S. dollars; and (iii) contained customary forward-looking transition language for the Canadian Dollar Offered Rate (&#8220;CDOR&#8221;) with regard to borrowings under the facility made in Canadian dollars, including, but not limited to, the use of rates based on the Canadian Overnight Repo Rate Average (&#8220;CORRA&#8221;), which is a measure of the cost of overnight general collateral funding using Government of Canada treasury bills and bonds as collateral for repurchase transactions, and for which such transition occurred in June 2024. On June 27, 2024, TD issued a notice of benchmark replacement and the implementation of benchmark replacement confirming changes. This notice established the CDOR replacement as the Adjusted Term CORRA, which is the sum of (i) Term CORRA and (ii) 0.29547% for an available tenor of one-month&#8217;s duration, and 0.32138% for an available tenor of three months&#8217; duration, provided that, if the Adjusted Term CORRA as so determined shall ever be less than a floor of 0.00%, then the Adjusted Term CORRA shall be deemed to be 0.00%. No other significant terms of the agreement were amended. As of July&#160;31, 2024, there were no borrowings under the Whistler Credit Agreement. The Whistler Credit Agreement also includes a quarterly unused commitment fee based on the Consolidated Total Leverage Ratio, which as of July&#160;31, 2024 is equal to <ix:nonFraction unitRef="number" contextRef="c-149" decimals="6" name="us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" scale="-2" id="f-824">0.39</ix:nonFraction>% per annum.&#160;The Whistler Credit Agreement provides for affirmative and negative covenants that restrict, among other things, the WB Partnerships&#8217; ability to incur indebtedness and liens, dispose of assets, make capital expenditures, make distributions and make investments. In addition, the Whistler Credit Agreement includes the restrictive financial covenants (leverage ratios and interest coverage ratios) customary for facilities of this type.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(e)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt">In September 2019, in conjunction with the acquisition of Peak Resorts, Inc. (&#8220;Peak Resorts&#8221;), the Company assumed various secured borrowings (the &#8220;EPR Secured Notes&#8221;) under the master credit and security agreements and other related agreements, as amended, (collectively, the &#8220;EPR Agreements&#8221;) with EPT Ski Properties, Inc. and its affiliates (&#8220;EPR&#8221;). The EPR Secured Notes include the following:</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-23.27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">i.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Alpine Valley Secured Note. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The $<ix:nonFraction unitRef="usd" contextRef="c-173" decimals="-5" name="us-gaap:LongTermDebt" scale="6" id="f-825">4.6</ix:nonFraction> million Alpine Valley Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of <ix:nonFraction unitRef="number" contextRef="c-173" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-826">11.90</ix:nonFraction>%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-26.04pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ii.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Boston Mills/Brandywine Secured Note.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The $<ix:nonFraction unitRef="usd" contextRef="c-174" decimals="-5" name="us-gaap:LongTermDebt" scale="6" id="f-827">23.3</ix:nonFraction> million Boston Mills/Brandywine Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of <ix:nonFraction unitRef="number" contextRef="c-174" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-828">11.41</ix:nonFraction>%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-28.81pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">iii.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Jack Frost/Big Boulder Secured Note. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The $<ix:nonFraction unitRef="usd" contextRef="c-175" decimals="-5" name="us-gaap:LongTermDebt" scale="6" id="f-829">14.3</ix:nonFraction> million Jack Frost/Big Boulder Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of <ix:nonFraction unitRef="number" contextRef="c-175" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-830">11.41</ix:nonFraction>%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-28.27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">iv.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Mount Snow Secured Note.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The $<ix:nonFraction unitRef="usd" contextRef="c-176" decimals="-5" name="us-gaap:LongTermDebt" scale="6" id="f-831">51.1</ix:nonFraction> million Mount Snow Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of <ix:nonFraction unitRef="number" contextRef="c-176" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-832">12.50</ix:nonFraction>%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-25.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">v.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Hunter Mountain Secured Note.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The $<ix:nonFraction unitRef="usd" contextRef="c-177" decimals="-5" name="us-gaap:LongTermDebt" scale="6" id="f-833">21.0</ix:nonFraction> million Hunter Mountain Secured Note provides for interest payments through its maturity on January 5, 2036. As of July&#160;31, 2024, interest on this note accrued at a rate of <ix:nonFraction unitRef="number" contextRef="c-177" decimals="4" name="us-gaap:DebtInstrumentInterestRateStatedPercentage" scale="-2" id="f-834">9.19</ix:nonFraction>%.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The EPR Secured Notes are secured by all or substantially all of the assets of Peak Resorts and its subsidiaries, including mortgages on the Alpine Valley, Boston Mills, Brandywine, Jack Frost, Big Boulder, Mount Snow and Hunter Mountain ski resorts. The EPR Secured Notes bear interest at specified interest rates, as discussed above, which are subject to increase each year by the lesser of (i) three times the percentage increase in the Consumer Price Index (&#8220;CPI&#8221;) or (ii) a capped index (the &#8220;Capped CPI Index&#8221;), which is <ix:nonFraction unitRef="number" contextRef="c-178" decimals="INF" name="mtn:AnnualInterestRateIncreaseCap" scale="-2" id="f-835">1.75</ix:nonFraction>% for the Hunter Mountain Secured Note and <ix:nonFraction unitRef="number" contextRef="c-179" decimals="INF" name="mtn:AnnualInterestRateIncreaseCap" scale="-2" id="f-836">1.50</ix:nonFraction>% for all other notes. The EPR Agreements provide for affirmative and negative covenants that restrict, among other things, the ability of Peak Resorts and its subsidiaries to incur indebtedness, dispose of assets, make distributions and make investments. In addition, the EPR Agreements include restrictive covenants, including maximum leverage ratio and consolidated fixed charge ratio. An additional contingent interest payment would be due to EPR if, on a calendar year basis, the gross receipts from the properties securing any of the individual EPR Secured Notes (the &#8220;Gross Receipts&#8221;) are more than the result (the &#8220;Interest Quotient&#8221;) of dividing the total interest charges for the EPR Secured Notes by a specified percentage rate (the &#8220;Additional Interest Rate&#8221;). In such a case, the additional interest payment would equal the difference between the Gross Receipts and the Interest Quotient multiplied by the Additional Interest Rate. This calculation is made on an aggregated basis for the notes secured by the Jack Frost, Big Boulder, Boston Mills, Brandywine and Alpine Valley ski resorts, where the Additional Interest Rate is <ix:nonFraction unitRef="number" contextRef="c-180" decimals="2" name="mtn:EPRAdditionalInterestRate" scale="-2" id="f-837">10.0</ix:nonFraction>%; on a standalone basis for the note secured by the Company&#8217;s Mount Snow ski resort, where the Additional Interest Rate is <ix:nonFraction unitRef="number" contextRef="c-181" decimals="2" name="mtn:EPRAdditionalInterestRate" scale="-2" id="f-838">12.0</ix:nonFraction>%; and on a standalone basis for the note secured by the Company&#8217;s Hunter Mountain ski resort, where the Additional Interest Rate is <ix:nonFraction unitRef="number" contextRef="c-182" decimals="2" name="mtn:EPRAdditionalInterestRate" scale="-2" id="f-839">8.0</ix:nonFraction>%. Peak Resorts does not have the right to prepay the EPR Secured Notes. The EPR Secured Notes were recorded at their estimated fair value in conjunction with the acquisition of Peak Resorts on September 24, 2019. The EPR Agreements grant EPR certain other rights including the option to purchase </span></div></ix:continuation></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">86</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-747-5" continuedAt="f-747-6"><ix:continuation id="f-746-5" continuedAt="f-746-6"><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the Boston Mills, Brandywine, Jack Frost, Big Boulder or Alpine Valley resorts, which is exercisable no sooner than two years and no later than one year prior to the maturity dates of the applicable EPR Secured Note for such properties, with any closings to be held on the applicable maturity dates; and, if EPR exercises the purchase option, EPR will enter into an agreement with the Company for the lease of each acquired property for an initial term of 20 years, plus options to extend the lease for two additional periods of ten years each.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(f)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.01pt">The Company has recorded the outstanding debt of four Employee Housing Entities (each an &#8220;Employee Housing Entity&#8221; and collectively the &#8220;Employee Housing Entities&#8221;): Breckenridge Terrace, Tarnes, BC Housing and Tenderfoot. The proceeds of the Employee Housing Bonds were used to develop apartment complexes designated primarily for use by the Company&#8217;s seasonal employees at its Colorado mountain resorts. The Employee Housing Bonds are variable rate, interest-only instruments with interest rates tied to <ix:nonNumeric contextRef="c-183" name="us-gaap:DebtInstrumentDescriptionOfVariableRateBasis" id="f-840">SOFR plus 0% to 0.20%</ix:nonNumeric> (<ix:nonFraction unitRef="number" contextRef="c-155" decimals="INF" name="us-gaap:DebtInstrumentInterestRateDuringPeriod" scale="-2" id="f-841">5.53</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="c-156" decimals="INF" name="us-gaap:DebtInstrumentInterestRateDuringPeriod" scale="-2" id="f-842">5.73</ix:nonFraction>% as of July&#160;31, 2024).</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest on the Employee Housing Bonds is paid monthly in arrears and the interest rate is adjusted weekly. No principal payments are due on the Employee Housing Bonds until maturity. Each Employee Housing Entity&#8217;s bonds were issued in two series. The bonds for each Employee Housing Entity are backed by letters of credit issued under the Vail Holdings Credit Agreement. The table below presents the principal amounts outstanding for the Employee Housing Bonds as of July&#160;31, 2024 (in thousands):&#160;&#160;&#160;&#160;</span></div><div style="margin-top:8pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.491%"><tr><td style="width:1.0%"/><td style="width:34.051%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.112%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.112%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.112%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.113%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Maturity</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Tranche&#160;A</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Tranche&#160;B</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Breckenridge Terrace</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-184" name="mtn:DebtInstrumentYearofMaturity" id="f-843">2039</ix:nonNumeric></span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-185" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-844">14,980</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-186" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-845">5,000</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-187" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-846">19,980</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Tarnes</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-188" name="mtn:DebtInstrumentYearofMaturity" id="f-847">2039</ix:nonNumeric></span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-189" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-848">8,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-190" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-849">2,410</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-191" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-850">10,410</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">BC Housing</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-192" name="mtn:DebtInstrumentYearofMaturity" id="f-851">2027</ix:nonNumeric></span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-193" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-852">9,100</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-194" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-853">1,500</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-195" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-854">10,600</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Tenderfoot</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-196" name="mtn:DebtInstrumentYearofMaturity" id="f-855">2035</ix:nonNumeric></span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-197" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-856">5,700</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-198" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-857">5,885</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-199" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-858">11,585</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></div></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-200" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-859">37,780</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-201" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-860">14,795</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-157" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-861">52,575</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(g)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">On <ix:nonNumeric contextRef="c-202" name="us-gaap:BusinessAcquisitionEffectiveDateOfAcquisition1" format="ixt:date-monthname-day-year-en" id="f-862">May 24, 2013</ix:nonNumeric>, VR CPC Holdings, Inc. (&#8220;VR CPC&#8221;), a wholly-owned subsidiary of the Company, entered into a transaction agreement with affiliate companies of Talisker Corporation (&#8220;Talisker&#8221;) pursuant to which the parties entered into a master lease agreement (the &#8220;Park City Lease&#8221;) and certain ancillary transaction documents on <ix:nonNumeric contextRef="c-203" name="mtn:InitialCapitalLeaseTerm" id="f-863">May 29, 2013</ix:nonNumeric> related to the former stand-alone Canyons Resort (&#8220;Canyons&#8221;), pursuant to which the Company assumed the resort operations of the Canyons. The Park City Lease between VR CPC and Talisker has an initial term of <ix:nonNumeric contextRef="c-202" name="mtn:InitialCapitalLeaseTerm" id="f-864">50 years</ix:nonNumeric> with <ix:nonNumeric contextRef="c-202" name="mtn:OptionalLeaseRenewalTerm" id="f-865">six 50-year renewal options</ix:nonNumeric>. The Park City Lease provides for $<ix:nonFraction unitRef="usd" contextRef="c-202" decimals="-6" name="mtn:MinimumCapitalLeasePaymentAnnual" scale="6" id="f-866">25</ix:nonFraction> million in annual payments, which increase each year by an <ix:nonNumeric contextRef="c-202" name="mtn:AdjustmentsToCapitalLeaseAnnualPayments" id="f-867">inflation-linked index of CPI less 1% per annum, with a floor of 2%</ix:nonNumeric>. Vail Resorts has guaranteed the payments under the Park City Lease. The obligation at July&#160;31, 2024 represents future lease payments for the remaining initial lease term of <ix:nonNumeric contextRef="c-202" name="mtn:InitialCapitalLeaseTerm" id="f-868">50 years</ix:nonNumeric> (including annual increases at the floor of 2%) discounted using an interest rate of <ix:nonFraction unitRef="number" contextRef="c-204" decimals="INF" name="us-gaap:DebtInstrumentInterestRateEffectivePercentage" scale="-2" id="f-869">10</ix:nonFraction>%, and includes accumulated accreted interest expense of approximately $<ix:nonFraction unitRef="usd" contextRef="c-205" decimals="5" name="us-gaap:AccretionExpense" format="ixt:num-dot-decimal" scale="6" id="f-870">63.8</ix:nonFraction>&#160;million.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(h)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">On August 3, 2022 in conjunction with the acquisition of Andermatt-Sedrun (see Note 7, Acquisitions), the Company assumed the New Regional Policy loan between Andermatt-Sedrun and the Canton of Uri and Canton of Graub&#252;nden dated June 24, 2016 (the &#8220;NRP Loan&#8221;), with an initial principal balance of CHF 40.0 million. Amounts outstanding under the NRP Loan bear interest at 0.63% per annum until the maturity date, which is September 30, 2036, with semi-annual required payments of principal amortization and accrued interest. In addition, the NRP Loan agreement includes restrictive covenants requiring certain minimum financial results (as defined in the agreement).</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">During the year ended July 31, 2023, the Company entered into new finance lease agreements for employee housing units at Whistler Blackcomb. The leases have a term of <ix:nonNumeric contextRef="c-206" name="mtn:InitialCapitalLeaseTerm" id="f-871">20 years</ix:nonNumeric> with no renewal options. The obligation at July&#160;31, 2024 represents future lease payments for the remaining period of the initial <ix:nonNumeric contextRef="c-207" name="mtn:InitialCapitalLeaseTerm" id="f-872">20 year term</ix:nonNumeric> of the lease (including annual increases at the floor of 3%) discounted using an interest rate of <ix:nonFraction unitRef="number" contextRef="c-208" decimals="INF" name="us-gaap:DebtInstrumentInterestRateEffectivePercentage" format="ixt:num-dot-decimal" id="f-873">6.95</ix:nonFraction>%.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(j)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">During the year ended July 31, 2019, the Company completed two real estate sales transactions that were accounted for as financing arrangements as a result of the Company&#8217;s continuing involvement with the underlying assets that were sold, including but not limited to, the obligation to repurchase finished commercial space from the development projects upon completion. The Company received approximately&#160;$<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:SaleLeasebackTransactionHistoricalCost" format="ixt:num-dot-decimal" scale="6" id="f-874">12.8</ix:nonFraction>&#160;million&#160;of proceeds for these sales transactions through the year ended July&#160;31, 2024, which are reflected within long-term debt, net. </span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(k)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">In connection with the various business combinations, the Company estimated the acquisition date fair values of certain debt instruments assumed, and recorded any difference between such estimated fair values and the par value of debt instruments as unamortized premiums and discounts, as appropriate, which are amortized and recorded to interest expense, net on the Company&#8217;s Consolidated Statements of Operations over the respective term of the applicable debt instruments. </span></div></ix:continuation></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">87</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-747-6"><ix:continuation id="f-746-6"><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, certain costs incurred with regard to the issuance of debt instruments are capitalized and included as a reduction in the net carrying value of long-term debt, net of accumulated amortization, with the exception of costs incurred related to line-of-credit arrangements, which are included in deferred charges and other assets, net of accumulated amortization. Amortization of such deferred financing costs are recorded to interest expense, net on the Company&#8217;s Consolidated Statements of Operations over the respective term of the applicable debt instruments.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(l)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">Current maturities represent principal payments due in the next 12 months.</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" id="f-875" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Aggregate maturities for debt outstanding, including finance lease obligations, as of July&#160;31, 2024 reflected by fiscal year are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:83.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.567%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" format="ixt:num-dot-decimal" scale="3" id="f-876">64,586</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" format="ixt:num-dot-decimal" scale="3" id="f-877">632,202</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" format="ixt:num-dot-decimal" scale="3" id="f-878">74,719</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" format="ixt:num-dot-decimal" scale="3" id="f-879">55,772</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" format="ixt:num-dot-decimal" scale="3" id="f-880">770,033</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" format="ixt:num-dot-decimal" scale="3" id="f-881">1,190,326</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total debt</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:LongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-882">2,787,638</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company recorded interest expense of $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:InterestExpenseDebt" scale="6" id="f-883">161.8</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:InterestExpenseDebt" scale="6" id="f-884">153.0</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:InterestExpenseDebt" scale="6" id="f-885">148.2</ix:nonFraction> million for the years ended July&#160;31, 2024, 2023 and 2022, respectively, of which $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:AmortizationOfFinancingCosts" scale="6" id="f-886">6.3</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:AmortizationOfFinancingCosts" scale="6" id="f-887">6.7</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:AmortizationOfFinancingCosts" scale="6" id="f-888">5.9</ix:nonFraction> million, respectively, was amortization of deferred financing costs. The Company was in compliance with all of its financial and operating covenants required to be maintained under its debt instruments for all periods presented.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the acquisition of Whistler Blackcomb, VHI funded a portion of the purchase price through an intercompany loan to Whistler Blackcomb, which was effective as of November 1, 2016 and&#160;requires foreign currency remeasurement to Canadian dollars, the functional currency for Whistler Blackcomb. As a result, foreign currency fluctuations associated with the loan are recorded within the Company&#8217;s results of operations. The Company recognized approximately&#160;$<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" sign="-" name="us-gaap:ForeignCurrencyTransactionGainLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-889">4.1</ix:nonFraction>&#160;million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" sign="-" name="us-gaap:ForeignCurrencyTransactionGainLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-890">2.9</ix:nonFraction>&#160;million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" sign="-" name="us-gaap:ForeignCurrencyTransactionGainLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-891">2.7</ix:nonFraction>&#160;million of non-cash foreign currency loss on the intercompany loan to Whistler Blackcomb during the years ended July&#160;31, 2024, 2023 and 2022, respectively, on its Consolidated Statements of Operations. During the year ended July 31, 2024, Whistler Blackcomb repaid $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:RepaymentsOfNotesPayable" format="ixt:num-dot-decimal" scale="6" id="f-892">65.0</ix:nonFraction>&#160;million of the outstanding principal on the intercompany loan and as of July&#160;31, 2024, the remaining balance of the intercompany loan was $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:IntercompanyForeignCurrencyBalanceAmount" scale="6" id="f-893">32.1</ix:nonFraction> million.</span></div></ix:continuation></ix:continuation><div id="ie3b544e2e7c945e991471c5324b69364_139"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">7. &#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="us-gaap:BusinessCombinationDisclosureTextBlock" id="f-894" continuedAt="f-894-1" escape="true">Acquisitions</ix:nonNumeric></span></div><ix:continuation id="f-894-1" continuedAt="f-894-2"><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Crans-Montana Mountain Resort</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 2, 2024, the Company acquired Crans-Montana in Switzerland from CPI Property Group (&#8220;CPIPG&#8221;). The Company acquired (i) an approximate <ix:nonFraction unitRef="number" contextRef="c-209" decimals="2" name="us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired" scale="-2" id="f-895">84</ix:nonFraction>% ownership stake in Romont&#233;es M&#233;caniques Crans Montana Aminona SA (&#8220;CMA&#8221;), which controls and operates all of the lifts and supporting mountain operations, including four retail and rental locations; (ii) 100% ownership of SportLife AG, which operates one of the ski schools located at the resort; and (iii) 100% ownership of 11 restaurants located on and around the mountain. The acquisition was funded with cash on hand. As of May 2, 2024 the total fair value of the consideration paid was $<ix:nonFraction unitRef="usd" contextRef="c-210" decimals="-5" name="us-gaap:BusinessCombinationConsiderationTransferred1" scale="6" id="f-896">106.8</ix:nonFraction> million (CHF&#160;<ix:nonFraction unitRef="chf" contextRef="c-210" decimals="-3" name="us-gaap:BusinessCombinationConsiderationTransferred1" format="ixt:num-dot-decimal" scale="6" id="f-897">97.2</ix:nonFraction>&#160;million).</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Portions of the Crans-Montana resort operations are conducted on land owned by third parties via numerous registered easements, building rights (which may be subject to federal concessions), or other agreements. The municipality of Crans-Montana, the municipality of Lens and CPIPG collectively retained in total an approximate 16% ownership stake in CMA. The Company entered into a shareholders&#8217; agreement with the municipalities of Crans-Montana and Lens (the &#8220;Crans Agreement&#8221;) for an initial fixed term until December 31, 2035. Thereafter, the Crans Agreement shall continue to be in effect for successive renewal periods of ten years unless terminated by either the Company or the municipalities acting jointly. The Crans Agreement provides for various terms and conditions in relation to the election and governance of the board of directors, company policies, dividends, financial aspects and related matters. The noncontrolling shares may be traded without restriction.</span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">88</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-894-2" continuedAt="f-894-3"><ix:nonNumeric contextRef="c-210" name="us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" id="f-898" escape="true"><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:84.280%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.520%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash consideration paid by Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-210" decimals="-3" name="us-gaap:BusinessCombinationConsiderationTransferred1" format="ixt:num-dot-decimal" scale="3" id="f-899">106,809</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated fair value of noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-211" decimals="-3" name="us-gaap:BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" format="ixt:num-dot-decimal" scale="3" id="f-900">14,084</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total estimated purchase consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-212" decimals="-3" name="us-gaap:BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1" format="ixt:num-dot-decimal" scale="3" id="f-901">120,893</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Allocation of total estimated purchase consideration:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-211" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets" format="ixt:num-dot-decimal" scale="3" id="f-902">21,207</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-211" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="3" id="f-903">114,232</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-212" decimals="-3" name="us-gaap:GoodwillAcquiredDuringPeriod" format="ixt:num-dot-decimal" scale="3" id="f-904">2,796</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-211" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-905">8,262</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-211" decimals="-3" name="us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized" format="ixt:num-dot-decimal" scale="3" id="f-906">25,604</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-211" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-907">120,893</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Identifiable intangible assets acquired in the transaction were primarily related to a trade name. The process of estimating the fair value of the property, plant, and equipment includes the use of certain estimates and assumptions related to replacement cost and physical condition at the time of acquisition. The excess of the purchase price over the aggregate estimated fair values of the assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected synergies, the assembled workforce of the resort and other factors, and is not expected to be deductible for income tax purposes. The operating results of Crans-Montana are reported within the Mountain segment prospectively from the date of acquisition. The Company recognized $<ix:nonFraction unitRef="usd" contextRef="c-213" decimals="-5" name="us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed" format="ixt:num-dot-decimal" scale="6" id="f-908">6.9</ix:nonFraction>&#160;million of acquisition related expenses associated with the transaction within Mountain operating expense on its Consolidated Statement of Operations for the year ended July 31, 2024. The operating results of the acquired resort is reported within the Mountain segment prospectively from the date of acquisition.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The estimated fair values of assets acquired and liabilities assumed in the acquisition of Crans-Montana are preliminary and are based on the information that was available as of the acquisition date. The Company believes that this information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed; however, the Company may obtain additional information necessary to finalize those estimated fair values. Therefore, the preliminary measurements of estimated fair values reflected are subject to change. The Company expects to finalize the valuation and complete the purchase consideration allocation no later than one year from the acquisition date.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Andermatt-Sedrun</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 3, 2022, through a wholly-owned subsidiary, the Company acquired a <ix:nonFraction unitRef="number" contextRef="c-214" decimals="2" name="us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired" scale="-2" id="f-909">55</ix:nonFraction>% controlling interest in Andermatt-Sedrun from Andermatt Swiss Alps AG (&#8220;ASA&#8221;). The consideration paid consisted of an investment of $<ix:nonFraction unitRef="usd" contextRef="c-215" decimals="-5" name="mtn:BusinessCombinationDeposits" format="ixt:num-dot-decimal" scale="6" id="f-910">114.4</ix:nonFraction>&#160;million (CHF&#160;<ix:nonFraction unitRef="chf" contextRef="c-215" decimals="-6" name="mtn:BusinessCombinationDeposits" format="ixt:num-dot-decimal" scale="6" id="f-911">110.0</ix:nonFraction>&#160;million) into Andermatt-Sedrun for use in capital investments to enhance the guest experience on mountain (which was prepaid to fund the acquisition and was recorded in other current assets on the Company&#8217;s Consolidated Balance Sheet as of July 31, 2022) and $<ix:nonFraction unitRef="usd" contextRef="c-214" decimals="-5" name="mtn:MtnBusinessCombinationRemainderPayment" format="ixt:num-dot-decimal" scale="6" id="f-912">41.3</ix:nonFraction>&#160;million (CHF&#160;<ix:nonFraction unitRef="chf" contextRef="c-214" decimals="-5" name="mtn:MtnBusinessCombinationRemainderPayment" format="ixt:num-dot-decimal" scale="6" id="f-913">39.3</ix:nonFraction>&#160;million) paid to ASA (which was paid on August 3, 2022, commensurate with closing). As of August 3, 2022 the total fair value of the consideration paid was $<ix:nonFraction unitRef="usd" contextRef="c-216" decimals="-5" name="us-gaap:BusinessCombinationConsiderationTransferred1" format="ixt:num-dot-decimal" scale="6" id="f-914">155.4</ix:nonFraction>&#160;million (CHF&#160;<ix:nonFraction unitRef="chf" contextRef="c-216" decimals="-5" name="us-gaap:BusinessCombinationConsiderationTransferred1" format="ixt:num-dot-decimal" scale="6" id="f-915">149.3</ix:nonFraction>&#160;million).</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Andermatt-Sedrun operates mountain and ski-related assets, including lifts, most of the restaurants and a ski school operation at the ski area. Ski operations are conducted on land owned by ASA as freehold or leasehold properties, land owned by Usern Corporation, land owned by the municipality of Tujetsch and land owned by private property owners. ASA retained a 40% ownership stake, with a group of existing shareholders comprising the remaining 5% ownership stake. ASA and the other noncontrolling economic interests contain certain protective rights pursuant to a shareholder agreement (the &#8220;Andermatt Agreement&#8221;) and no ability to participate in the day-to-day operations of Andermatt-Sedrun. The Andermatt Agreement provides that no dividend distributions be made by Andermatt-Sedrun until the end of the fiscal year ending July 31, 2026, after which time there shall be annual distributions of 50% of the available cash (as defined in the Andermatt Agreement) for the most recently completed fiscal year.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, the distribution rights are non-transferable and transfer of the noncontrolling interests are limited.</span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">89</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-894-3" continuedAt="f-894-4"><ix:nonNumeric contextRef="c-216" name="us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" id="f-916" escape="true"><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:84.280%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.520%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash consideration paid by Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-216" decimals="-3" name="us-gaap:BusinessCombinationConsiderationTransferred1" format="ixt:num-dot-decimal" scale="3" id="f-917">155,365</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated fair value of noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-217" decimals="-3" name="us-gaap:BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" format="ixt:num-dot-decimal" scale="3" id="f-918">91,524</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total estimated purchase consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-218" decimals="-3" name="us-gaap:BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1" format="ixt:num-dot-decimal" scale="3" id="f-919">246,889</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Allocation of total estimated purchase consideration:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-217" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets" format="ixt:num-dot-decimal" scale="3" id="f-920">119,867</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-217" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="3" id="f-921">176,805</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-218" decimals="-3" name="us-gaap:GoodwillAcquiredDuringPeriod" format="ixt:num-dot-decimal" scale="3" id="f-922">3,368</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-217" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-923">7,476</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assumed long-term debt</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-217" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" format="ixt:num-dot-decimal" scale="3" id="f-924">44,130</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-217" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-925">16,497</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-217" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" format="ixt:num-dot-decimal" scale="3" id="f-926">246,889</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Identifiable intangible assets acquired in the transaction were primarily related to a trade name. The process of estimating the fair value of the property, plant, and equipment includes the use of certain estimates and assumptions related to replacement cost and physical condition at the time of acquisition. The excess of the purchase price over the aggregate estimated fair values of the assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected synergies, the assembled workforce of the resort and other factors, and is not expected to be deductible for income tax purposes. The operating results of Andermatt-Sedrun are reported within the Mountain segment prospectively from the date of acquisition.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Seven Springs Mountain Resort, Hidden Valley Resort &amp; Laurel Mountain Ski Area</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 31, 2021, the Company, through a wholly-owned subsidiary, acquired Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area in Pennsylvania (collectively, the &#8220;Seven Springs Resorts&#8221;) from Seven Springs Mountain Resort, Inc. and its affiliates for a cash purchase price of approximately $<ix:nonFraction unitRef="usd" contextRef="c-219" decimals="-5" name="us-gaap:BusinessCombinationConsiderationTransferred1" format="ixt:num-dot-decimal" scale="6" id="f-927">116.5</ix:nonFraction>&#160;million, after adjustments for certain agreed-upon terms, which the Company funded with cash on hand. The acquisition included the mountain operations of the resorts, including base area skier services (food and beverage, retail and rental, lift ticket offices and ski and snowboard school facilities), as well as a hotel, conference center and other related operations.</span></div><ix:nonNumeric contextRef="c-219" name="us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" id="f-928" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:84.280%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.520%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-220" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables" format="ixt:num-dot-decimal" scale="3" id="f-929">2,932</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-220" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="3" id="f-930">118,415</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-213" decimals="-3" name="us-gaap:GoodwillAcquiredDuringPeriod" format="ixt:num-dot-decimal" scale="3" id="f-931">5,041</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-220" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-932">5,335</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-220" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-933">15,222</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-220" decimals="-3" name="us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" format="ixt:num-dot-decimal" scale="3" id="f-934">116,501</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">90</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><ix:continuation id="f-894-4"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Identifiable intangible assets acquired in the transaction were primarily related to advanced lodging bookings and trade names. The process of estimating the fair value of the property, plant, and equipment includes the use of certain estimates and assumptions related to replacement cost and physical condition at the time of acquisition. The excess of the purchase price over the aggregate estimated fair values of the assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected synergies, the assembled workforce of the resorts and other factors, and is not expected to be deductible for income tax purposes. The Company recognized $<ix:nonFraction unitRef="usd" contextRef="c-221" decimals="-5" name="us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed" format="ixt:num-dot-decimal" scale="6" id="f-935">2.8</ix:nonFraction>&#160;million of acquisition related expenses associated with the transaction within Mountain and Lodging operating expense on its Consolidated Statement of Operations for the year ended July 31, 2022. The operating results of the acquired resorts are reported within the Mountain and Lodging segments prospectively from the date of acquisition.</span></div></ix:continuation><div id="ie3b544e2e7c945e991471c5324b69364_142"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">8.&#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="us-gaap:SupplementalBalanceSheetDisclosuresTextBlock" id="f-936" continuedAt="f-936-1" escape="true">Supplementary Balance Sheet Information</ix:nonNumeric></span></div><ix:continuation id="f-936-1" continuedAt="f-936-2"><ix:nonNumeric contextRef="c-1" name="us-gaap:OtherCurrentAssetsTextBlock" id="f-937" escape="true"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of other current assets follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:67.567%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.567%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepaid expenses</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:PrepaidExpenseCurrent" format="ixt:num-dot-decimal" scale="3" id="f-938">51,519</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:PrepaidExpenseCurrent" format="ixt:num-dot-decimal" scale="3" id="f-939">43,218</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:OtherAssetsMiscellaneousCurrent" format="ixt:num-dot-decimal" scale="3" id="f-940">28,039</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:OtherAssetsMiscellaneousCurrent" format="ixt:num-dot-decimal" scale="3" id="f-941">78,185</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other current assets</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:OtherAssetsCurrent" format="ixt:num-dot-decimal" scale="3" id="f-942">79,558</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:OtherAssetsCurrent" format="ixt:num-dot-decimal" scale="3" id="f-943">121,403</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:PropertyPlantAndEquipmentTextBlock" id="f-944" escape="true"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of property, plant and equipment, including finance lease assets, follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:67.567%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.567%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land and land improvements</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:LandAndLandImprovementsGross" format="ixt:num-dot-decimal" scale="3" id="f-945">804,287</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:LandAndLandImprovementsGross" format="ixt:num-dot-decimal" scale="3" id="f-946">796,730</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Buildings and building improvements</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:BuildingsAndImprovementsGross" format="ixt:num-dot-decimal" scale="3" id="f-947">1,682,734</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:BuildingsAndImprovementsGross" format="ixt:num-dot-decimal" scale="3" id="f-948">1,643,517</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Machinery and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:MachineryAndEquipmentGross" format="ixt:num-dot-decimal" scale="3" id="f-949">1,984,549</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:MachineryAndEquipmentGross" format="ixt:num-dot-decimal" scale="3" id="f-950">1,792,378</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Furniture and fixtures</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FurnitureAndFixturesGross" format="ixt:num-dot-decimal" scale="3" id="f-951">316,510</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:FurnitureAndFixturesGross" format="ixt:num-dot-decimal" scale="3" id="f-952">298,725</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Software</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:CapitalizedComputerSoftwareGross" format="ixt:num-dot-decimal" scale="3" id="f-953">161,502</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:CapitalizedComputerSoftwareGross" format="ixt:num-dot-decimal" scale="3" id="f-954">152,033</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vehicles</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:VehiclesGross" format="ixt:num-dot-decimal" scale="3" id="f-955">91,951</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:VehiclesGross" format="ixt:num-dot-decimal" scale="3" id="f-956">87,298</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Construction in progress</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:ConstructionInProgressGross" format="ixt:num-dot-decimal" scale="3" id="f-957">116,872</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:ConstructionInProgressGross" format="ixt:num-dot-decimal" scale="3" id="f-958">134,113</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross property, plant and equipment</span></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:PropertyPlantAndEquipmentGross" format="ixt:num-dot-decimal" scale="3" id="f-959">5,158,405</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:PropertyPlantAndEquipmentGross" format="ixt:num-dot-decimal" scale="3" id="f-960">4,904,794</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated depreciation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="3" id="f-961">2,735,770</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="3" id="f-962">2,533,237</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment, net</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:PropertyPlantAndEquipmentNet" format="ixt:num-dot-decimal" scale="3" id="f-963">2,422,635</ix:nonFraction>&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:PropertyPlantAndEquipmentNet" format="ixt:num-dot-decimal" scale="3" id="f-964">2,371,557</ix:nonFraction>&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation expense, which included depreciation of assets recorded under finance leases, for the years ended July&#160;31, 2024, 2023 and 2022 totaled $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:Depreciation" scale="6" id="f-965">271.8</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:Depreciation" scale="6" id="f-966">263.4</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:Depreciation" scale="6" id="f-967">247.2</ix:nonFraction> million, respectively.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the composition of property, plant and equipment recorded under finance leases as of July&#160;31, 2024 and 2023 (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:67.567%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.567%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-204" decimals="-3" name="mtn:FinanceLeasedAssetsLand" format="ixt:num-dot-decimal" scale="3" id="f-968">31,818</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-222" decimals="-3" name="mtn:FinanceLeasedAssetsLand" format="ixt:num-dot-decimal" scale="3" id="f-969">31,818</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land improvements</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-204" decimals="-3" name="mtn:FinanceLeasedAssetsLandImprovements" format="ixt:num-dot-decimal" scale="3" id="f-970">49,228</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-222" decimals="-3" name="mtn:FinanceLeasedAssetsLandImprovements" format="ixt:num-dot-decimal" scale="3" id="f-971">49,228</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Buildings and building improvements</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-204" decimals="-3" name="mtn:FinanceLeasedAssetsBuildingsAndBuildingImprovements" format="ixt:num-dot-decimal" scale="3" id="f-972">70,310</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-222" decimals="-3" name="mtn:FinanceLeasedAssetsBuildingsAndBuildingImprovements" format="ixt:num-dot-decimal" scale="3" id="f-973">70,917</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Machinery and equipment</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-204" decimals="-3" name="mtn:CapitalLeasedAssetsMachineryandEquipment" format="ixt:num-dot-decimal" scale="3" id="f-974">85,416</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-222" decimals="-3" name="mtn:CapitalLeasedAssetsMachineryandEquipment" format="ixt:num-dot-decimal" scale="3" id="f-975">71,527</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross property, plant and equipment</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-204" decimals="-3" name="us-gaap:FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization" format="ixt:num-dot-decimal" scale="3" id="f-976">236,772</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-222" decimals="-3" name="us-gaap:FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization" format="ixt:num-dot-decimal" scale="3" id="f-977">223,490</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated depreciation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-204" decimals="-3" name="mtn:FinanceLeasedAssetsAccumulatedDepreciation" format="ixt:num-dot-decimal" scale="3" id="f-978">107,740</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-222" decimals="-3" name="mtn:FinanceLeasedAssetsAccumulatedDepreciation" format="ixt:num-dot-decimal" scale="3" id="f-979">96,257</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment, net</span></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-204" decimals="-3" name="mtn:FinanceLeasedAssetsNet" format="ixt:num-dot-decimal" scale="3" id="f-980">129,032</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-222" decimals="-3" name="mtn:FinanceLeasedAssetsNet" format="ixt:num-dot-decimal" scale="3" id="f-981">127,233</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">91</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-936-2" continuedAt="f-936-3"><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock" id="f-982" escape="true"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of goodwill and intangible assets follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:67.567%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.567%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:GoodwillGross" format="ixt:num-dot-decimal" scale="3" id="f-983">1,721,017</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:GoodwillGross" format="ixt:num-dot-decimal" scale="3" id="f-984">1,763,386</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated impairments</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:GoodwillImpairedAccumulatedImpairmentLoss" format="ixt:num-dot-decimal" scale="3" id="f-985">25,688</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:GoodwillImpairedAccumulatedImpairmentLoss" format="ixt:num-dot-decimal" scale="3" id="f-986">25,688</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:GoodwillAccumulatedAmortization" format="ixt:num-dot-decimal" scale="3" id="f-987">17,354</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:GoodwillAccumulatedAmortization" format="ixt:num-dot-decimal" scale="3" id="f-988">17,354</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill, net</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-989">1,677,975</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-990">1,720,344</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Indefinite-lived intangible assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trademarks</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:IndefiniteLivedTrademarks" format="ixt:num-dot-decimal" scale="3" id="f-991">235,858</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:IndefiniteLivedTrademarks" format="ixt:num-dot-decimal" scale="3" id="f-992">237,921</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:OtherIndefiniteLivedIntangibleAssets" format="ixt:num-dot-decimal" scale="3" id="f-993">41,081</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:OtherIndefiniteLivedIntangibleAssets" format="ixt:num-dot-decimal" scale="3" id="f-994">41,224</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross indefinite-lived intangible assets</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-995">276,939</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-996">279,145</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:IndefiniteLivedIntangibleAssetsAccumulatedAmortization" format="ixt:num-dot-decimal" scale="3" id="f-997">24,751</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:IndefiniteLivedIntangibleAssetsAccumulatedAmortization" format="ixt:num-dot-decimal" scale="3" id="f-998">24,713</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Indefinite-lived intangible assets, net</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:IndefiniteLivedIntangibleAssetsExcludingGoodwillNet" format="ixt:num-dot-decimal" scale="3" id="f-999">252,188</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:IndefiniteLivedIntangibleAssetsExcludingGoodwillNet" format="ixt:num-dot-decimal" scale="3" id="f-1000">254,432</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Amortizable intangible assets</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trademarks</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FiniteLivedTradeNamesGross" format="ixt:num-dot-decimal" scale="3" id="f-1001">38,008</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:FiniteLivedTradeNamesGross" format="ixt:num-dot-decimal" scale="3" id="f-1002">38,008</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:OtherFiniteLivedIntangibleAssetsGross" format="ixt:num-dot-decimal" scale="3" id="f-1003">71,198</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:OtherFiniteLivedIntangibleAssetsGross" format="ixt:num-dot-decimal" scale="3" id="f-1004">71,570</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross amortizable intangible assets</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsGross" format="ixt:num-dot-decimal" scale="3" id="f-1005">109,206</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsGross" format="ixt:num-dot-decimal" scale="3" id="f-1006">109,578</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1007">58,859</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1008">54,665</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortizable intangible assets, net</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsNet" format="ixt:num-dot-decimal" scale="3" id="f-1009">50,347</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsNet" format="ixt:num-dot-decimal" scale="3" id="f-1010">54,913</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross intangible assets</span></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:GrossIntangibleAssetsExcludingGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-1011">386,145</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:GrossIntangibleAssetsExcludingGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-1012">388,723</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total accumulated amortization</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:AccumulatedAmortizationExcludingGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-1013">83,610</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:AccumulatedAmortizationExcludingGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-1014">79,378</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total intangible assets, net</span></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:IntangibleAssetsNetExcludingGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-1015">302,535</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:IntangibleAssetsNetExcludingGoodwill" format="ixt:num-dot-decimal" scale="3" id="f-1016">309,345</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amortization expense for intangible assets subject to amortization for the years ended July&#160;31, 2024, 2023 and 2022 totaled $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:AmortizationOfIntangibleAssets" scale="6" id="f-1017">4.7</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:AmortizationOfIntangibleAssets" scale="6" id="f-1018">5.1</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:AmortizationOfIntangibleAssets" scale="6" id="f-1019">5.2</ix:nonFraction> million, respectively, and is estimated to be approximately&#160;$<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" scale="6" id="f-1020"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" scale="6" id="f-1021"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" scale="6" id="f-1022"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" scale="6" id="f-1023"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" scale="6" id="f-1024">2.6</ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction> million annually, on average, for the next five fiscal years.</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfGoodwillTextBlock" id="f-1025" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The changes in the net carrying amount of goodwill allocated between the Company&#8217;s segments for the years ended July&#160;31, 2024 and 2023 are as follows (in thousands): </span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.970%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.544%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Mountain </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Lodging </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Goodwill,&#160;net </span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at July 31, 2022</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-223" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-1026">1,709,922</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-224" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-1027">45,006</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-30" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-1028">1,754,928</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition (including measurement period adjustments)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-225" decimals="-3" name="us-gaap:GoodwillAcquiredDuringPeriod" format="ixt:num-dot-decimal" scale="3" id="f-1029">3,368</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-226" decimals="-3" name="us-gaap:GoodwillAcquiredDuringPeriod" format="ixt:fixed-zero" scale="3" id="f-1030">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:GoodwillAcquiredDuringPeriod" format="ixt:num-dot-decimal" scale="3" id="f-1031">3,368</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Disposal of retail and rental stores </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-225" decimals="-3" name="us-gaap:GoodwillWrittenOffRelatedToSaleOfBusinessUnit" format="ixt:num-dot-decimal" scale="3" id="f-1032">5,975</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-226" decimals="-3" name="us-gaap:GoodwillWrittenOffRelatedToSaleOfBusinessUnit" format="ixt:fixed-zero" scale="3" id="f-1033">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:GoodwillWrittenOffRelatedToSaleOfBusinessUnit" format="ixt:num-dot-decimal" scale="3" id="f-1034">5,975</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effects of changes in foreign currency exchange rates</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-225" decimals="-3" sign="-" name="us-gaap:GoodwillForeignCurrencyTranslationGainLoss" format="ixt:num-dot-decimal" scale="3" id="f-1035">31,977</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-226" decimals="-3" name="us-gaap:GoodwillForeignCurrencyTranslationGainLoss" format="ixt:fixed-zero" scale="3" id="f-1036">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:GoodwillForeignCurrencyTranslationGainLoss" format="ixt:num-dot-decimal" scale="3" id="f-1037">31,977</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at July 31, 2023</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-227" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-1038">1,675,338</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-228" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-1039">45,006</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-1040">1,720,344</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-229" decimals="-3" name="us-gaap:GoodwillAcquiredDuringPeriod" format="ixt:num-dot-decimal" scale="3" id="f-1041">2,796</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-230" decimals="-3" name="us-gaap:GoodwillAcquiredDuringPeriod" format="ixt:fixed-zero" scale="3" id="f-1042">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:GoodwillAcquiredDuringPeriod" format="ixt:num-dot-decimal" scale="3" id="f-1043">2,796</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effects of changes in foreign currency exchange rates</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-229" decimals="-3" sign="-" name="us-gaap:GoodwillForeignCurrencyTranslationGainLoss" format="ixt:num-dot-decimal" scale="3" id="f-1044">45,165</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-230" decimals="-3" name="us-gaap:GoodwillForeignCurrencyTranslationGainLoss" format="ixt:fixed-zero" scale="3" id="f-1045">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:GoodwillForeignCurrencyTranslationGainLoss" format="ixt:num-dot-decimal" scale="3" id="f-1046">45,165</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at July 31, 2024</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-231" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-1047">1,632,969</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-232" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-1048">45,006</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:Goodwill" format="ixt:num-dot-decimal" scale="3" id="f-1049">1,677,975</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> During the year ended July 31, 2023, the Company completed a sale of five retail and rental stores in Telluride, Colorado to an unrelated party for cash, which the Company determined constituted the sale of a business.</span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">92</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" id="f-1050" escape="true"><ix:continuation id="f-936-3"><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of accounts payable and accrued liabilities follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:67.567%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.567%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade payables</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:AccountsPayableTradeCurrent" format="ixt:num-dot-decimal" scale="3" id="f-1051">141,246</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:AccountsPayableTradeCurrent" format="ixt:num-dot-decimal" scale="3" id="f-1052">148,521</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred revenue</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredRevenueCurrent" format="ixt:num-dot-decimal" scale="3" id="f-1053">575,766</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredRevenueCurrent" format="ixt:num-dot-decimal" scale="3" id="f-1054">572,602</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued salaries, wages and deferred compensation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:AccruedSalariesCurrent" format="ixt:num-dot-decimal" scale="3" id="f-1055">43,269</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:AccruedSalariesCurrent" format="ixt:num-dot-decimal" scale="3" id="f-1056">38,908</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued benefits</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:AccruedEmployeeBenefitsCurrent" format="ixt:num-dot-decimal" scale="3" id="f-1057">60,940</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:AccruedEmployeeBenefitsCurrent" format="ixt:num-dot-decimal" scale="3" id="f-1058">60,466</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deposits</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:Deposits" format="ixt:num-dot-decimal" scale="3" id="f-1059">44,500</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:Deposits" format="ixt:num-dot-decimal" scale="3" id="f-1060">37,798</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:CurrentOperatingLeaseLiability" format="ixt:num-dot-decimal" scale="3" id="f-1061">32,611</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:CurrentOperatingLeaseLiability" format="ixt:num-dot-decimal" scale="3" id="f-1062">36,904</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other accruals</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:OtherAccruedLiabilitiesCurrent" format="ixt:num-dot-decimal" scale="3" id="f-1063">102,467</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:OtherAccruedLiabilitiesCurrent" format="ixt:num-dot-decimal" scale="3" id="f-1064">82,822</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total accounts payable and accrued liabilities</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:AccountsPayableAccruedLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-1065">1,000,798</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:AccountsPayableAccruedLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-1066">978,021</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric><div id="ie3b544e2e7c945e991471c5324b69364_148"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">9.&#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="us-gaap:FairValueDisclosuresTextBlock" id="f-1067" continuedAt="f-1067-1" escape="true">Fair Value Measurements</ix:nonNumeric></span></div><ix:continuation id="f-1067-1" continuedAt="f-1067-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company utilizes FASB-issued fair value guidance that establishes how reporting entities should measure fair value for measurement and disclosure purposes.&#160;The guidance establishes a common definition of fair value applicable to all assets and liabilities measured at fair value and prioritizes the inputs into valuation techniques used to measure fair value.&#160;Accordingly, the Company uses valuation techniques which maximize the use of observable inputs and minimize the use of unobservable inputs when determining fair value.&#160;The three levels of the hierarchy are as follows:</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Level 1: Inputs that reflect unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities;</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Level 2: Inputs include quoted prices for similar assets and liabilities in active and inactive markets or that are observable for the asset or liability either directly or indirectly; and</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Level 3: Unobservable inputs which are supported by little or no market activity.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes the Company&#8217;s cash equivalents, other current assets, Interest Rate Swaps and Contingent Consideration (defined below) measured at estimated fair value (all other assets and liabilities measured at fair value are immaterial) (in thousands).</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" id="f-1068" escape="true"><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:36.326%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.545%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated Fair Value Measurement as of July 31, 2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Description</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level&#160;1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level&#160;2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level&#160;3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Money Market</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-233" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" scale="3" id="f-1069">896</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-234" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" scale="3" id="f-1070">896</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commercial Paper</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-235" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1071">2,401</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-236" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1072">2,401</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates of Deposit</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-237" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1073">101,989</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-238" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1074">101,989</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest Rate Swaps</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:InterestRateCashFlowHedgeAssetAtFairValue" format="ixt:num-dot-decimal" scale="3" id="f-1075">2,343</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-239" decimals="-3" name="us-gaap:InterestRateCashFlowHedgeAssetAtFairValue" format="ixt:num-dot-decimal" scale="3" id="f-1076">2,343</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent Consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:ContingentConsiderationFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1077">104,200</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-240" decimals="-3" name="mtn:ContingentConsiderationFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1078">104,200</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated Fair Value Measurement as of July 31, 2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Description</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Money Market</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-241" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1079">170,872</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-242" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1080">170,872</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commercial Paper</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-243" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1081">2,401</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-244" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1082">2,401</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates of Deposit</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-245" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1083">144,365</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-246" decimals="-3" name="us-gaap:CashAndCashEquivalentsFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1084">144,365</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest Rate Swaps</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:InterestRateCashFlowHedgeAssetAtFairValue" format="ixt:num-dot-decimal" scale="3" id="f-1085">17,229</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-247" decimals="-3" name="us-gaap:InterestRateCashFlowHedgeAssetAtFairValue" format="ixt:num-dot-decimal" scale="3" id="f-1086">17,229</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent Consideration </span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:ContingentConsiderationFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1087">73,300</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-248" decimals="-3" name="mtn:ContingentConsiderationFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1088">73,300</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">93</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-1067-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s cash equivalents, other current assets and Interest Rate Swaps are measured utilizing quoted market prices or pricing models whereby all significant inputs are either observable or corroborated by observable market data. The Company is party to various interest rate swap agreements which hedge the cash flows associated with the SOFR-based variable interest rate component of $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="mtn:InterestRateSwapNotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-1089">400.0</ix:nonFraction>&#160;million in principal amount of its Vail Holdings Credit Agreement. Changes in the estimated fair value are recognized in change in estimated fair value of hedging instruments on the Company&#8217;s Consolidated Statements of Comprehensive Income. The estimated fair value of the Interest Rate Swaps was included as an asset within other current assets and deferred charges and other assets as of July&#160;31, 2024 and 2023, respectively, in the Company&#8217;s Consolidated Balance Sheets.</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" id="f-1090" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The changes in Contingent Consideration during the years ended July&#160;31, 2024 and 2023 were as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:83.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.567%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Contingent Consideration</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance as of July 31, 2022</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-30" decimals="-3" name="mtn:ContingentConsiderationFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1091">42,400</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payment</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:PaymentsForRent" format="ixt:num-dot-decimal" scale="3" id="f-1092">18,936</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1" format="ixt:num-dot-decimal" scale="3" id="f-1093">49,836</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance as of July 31,2023</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:ContingentConsiderationFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1094">73,300</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payment</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:PaymentsForRent" format="ixt:num-dot-decimal" scale="3" id="f-1095">17,057</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1" format="ixt:num-dot-decimal" scale="3" id="f-1096">47,957</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance as of July 31, 2024</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-240" decimals="-3" name="mtn:ContingentConsiderationFairValueDisclosure" format="ixt:num-dot-decimal" scale="3" id="f-1097">104,200</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Park City Lease provides for participating contingent payments (the &#8220;Contingent Consideration&#8221;) to the landlord of <ix:nonNumeric contextRef="c-205" name="us-gaap:BusinessCombinationContingentConsiderationArrangementsDescription" id="f-1098">42% of the amount by which EBITDA for the Park City resort operations, as calculated under the Park City Lease, exceeds approximately $35 million, as established upon the Company&#8217;s acquisition of the resort, with such threshold amount subsequently increased annually by an inflation linked index and a 10% adjustment for any capital improvements or investments made under the Park City Lease by the Company.</ix:nonNumeric> Contingent Consideration is classified as a liability, which is remeasured to fair value at each reporting date until the contingency is resolved. The Company estimated the fair value of the Contingent Consideration payments using an option pricing valuation model. <ix:nonNumeric contextRef="c-1" name="mtn:ContingentConsiderationKeyAssumptionsforValuation" id="f-1099">The estimated fair value of Contingent Consideration includes future period resort operations of Park City in the calculation of EBITDA on which participating contingent payments are made, which is determined on the basis of estimated subsequent year performance, escalated by an assumed annual growth factor and discounted to net present value. Other significant assumptions included a discount rate of 11.1%, and volatility of 14.5%, which together with future period Park City EBITDA, are all unobservable inputs and thus are considered Level 3 inputs.</ix:nonNumeric> During the year ended July&#160;31, 2024, the Company made a payment to the landlord for Contingent Consideration of approximately $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:PaymentsForRent" format="ixt:num-dot-decimal" scale="6" id="f-1100">17.1</ix:nonFraction>&#160;million.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended July&#160;31, 2024, the Company observed a continued trend of improved performance at the resort relative to expectations, which were based on an average of historical results that the Company calculated in the prior year. Accordingly, the Company performed a reassessment of its long-term EBITDA assumptions used to estimate the fair value of the liability by updating the average of historical results used to estimate future year EBITDA performance. As a result, the Company recorded an increase in the liability of approximately $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1" format="ixt:num-dot-decimal" scale="6" id="f-1101">48.0</ix:nonFraction>&#160;million which was primarily related to an increase in expected long-term EBITDA performance for Park City as well as the expected payment to be made in October 2024 for the resort&#8217;s performance for the year ending July 31, 2024. Future period EBITDA performance for Park City may differ significantly from these estimates, which could have a material impact on the estimated fair value of the Contingent Consideration liability.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The estimated fair value of the Contingent Consideration is approximately $<ix:nonFraction unitRef="usd" contextRef="c-240" decimals="-3" name="mtn:ContingentConsiderationFairValueDisclosure" format="ixt:num-dot-decimal" scale="6" id="f-1102">104.2</ix:nonFraction>&#160;million, which is reflected in accounts payable and other long-term liabilities in the Company&#8217;s Consolidated Balance Sheet as of July&#160;31, 2024. <ix:nonNumeric contextRef="c-1" name="us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription" id="f-1103">The Company prepared a sensitivity analysis to evaluate the effect that changes on certain key assumptions would have on the estimated fair value of the Contingent Consideration. A change in the discount rate of 100 basis points or a 5% change in estimated subsequent year performance of the resort would result in a change in the estimated fair value within the range of approximately $14.6 million to $20.1 million.</ix:nonNumeric></span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">94</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_151"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">10.&#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="us-gaap:IncomeTaxDisclosureTextBlock" id="f-1104" continuedAt="f-1104-1" escape="true">Income Taxes</ix:nonNumeric></span></div><ix:continuation id="f-1104-1" continuedAt="f-1104-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to taxation in U.S. federal, state and local jurisdictions and various non-U.S. jurisdictions, including Australia, Canada, the Netherlands and Switzerland. The Company&#8217;s effective tax rate is impacted by the tax laws, regulations, practices and interpretations in the jurisdictions in which it operates and may fluctuate significantly from period to period depending on, among other things, the geographic mix of the Company&#8217;s profits and losses, changes in tax laws and regulations or their application and interpretation, the outcome of tax audits and changes in valuation allowances associated with the Company&#8217;s deferred tax assets.</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" id="f-1105" escape="true"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">U.S. and foreign components of income before provision for income taxes are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.970%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.544%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="0" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" format="ixt:num-dot-decimal" scale="3" id="f-1106">225,408</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="0" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" format="ixt:num-dot-decimal" scale="3" id="f-1107">217,971</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="0" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" format="ixt:num-dot-decimal" scale="3" id="f-1108">387,729</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="0" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign" format="ixt:num-dot-decimal" scale="3" id="f-1109">119,687</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="0" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign" format="ixt:num-dot-decimal" scale="3" id="f-1110">155,546</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="0" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign" format="ixt:num-dot-decimal" scale="3" id="f-1111">69,432</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income before income taxes</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="0" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-1112">345,095</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="0" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-1113">373,517</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="0" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-1114">457,161</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes. <ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" id="f-1115" continuedAt="f-1115-1" escape="true">Significant components of the Company&#8217;s deferred tax liabilities and assets are as follows (in thousands):</ix:nonNumeric></span></div><ix:continuation id="f-1115-1"><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:67.567%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.567%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax liabilities:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="3" id="f-1116">200,197</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="3" id="f-1117">211,995</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets" format="ixt:num-dot-decimal" scale="3" id="f-1118">160,002</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets" format="ixt:num-dot-decimal" scale="3" id="f-1119">143,402</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease right of use assets</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxLiabilitiesLeasingArrangements" format="ixt:num-dot-decimal" scale="3" id="f-1120">61,730</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxLiabilitiesLeasingArrangements" format="ixt:num-dot-decimal" scale="3" id="f-1121">45,913</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxLiabilitiesOther" format="ixt:num-dot-decimal" scale="3" id="f-1122">18,774</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxLiabilitiesOther" format="ixt:num-dot-decimal" scale="3" id="f-1123">22,115</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredIncomeTaxLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-1124">440,703</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredIncomeTaxLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-1125">423,425</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax assets:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Canyons obligation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:DeferredTaxAssetCanyonsObligation" format="ixt:num-dot-decimal" scale="3" id="f-1126">18,813</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:DeferredTaxAssetCanyonsObligation" format="ixt:num-dot-decimal" scale="3" id="f-1127">18,631</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock-based compensation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" format="ixt:num-dot-decimal" scale="3" id="f-1128">9,110</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" format="ixt:num-dot-decimal" scale="3" id="f-1129">9,370</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment in Partnerships</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxAssetsInvestments" format="ixt:num-dot-decimal" scale="3" id="f-1130">5,097</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxAssetsInvestments" format="ixt:num-dot-decimal" scale="3" id="f-1131">10,430</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred compensation and other accrued benefits</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1132">11,339</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1133">11,099</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent Consideration</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies" format="ixt:num-dot-decimal" scale="3" id="f-1134">25,251</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies" format="ixt:num-dot-decimal" scale="3" id="f-1135">18,423</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net operating loss carryforwards and other tax credits</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxAssetsOperatingLossCarryforwards" format="ixt:num-dot-decimal" scale="3" id="f-1136">20,082</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxAssetsOperatingLossCarryforwards" format="ixt:num-dot-decimal" scale="3" id="f-1137">14,864</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:DeferredTaxAssetsOperatingLeaseLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-1138">64,550</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="mtn:DeferredTaxAssetsOperatingLeaseLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-1139">48,953</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxAssetsOther" format="ixt:num-dot-decimal" scale="3" id="f-1140">25,892</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxAssetsOther" format="ixt:num-dot-decimal" scale="3" id="f-1141">28,988</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxAssetsGross" format="ixt:num-dot-decimal" scale="3" id="f-1142">180,134</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxAssetsGross" format="ixt:num-dot-decimal" scale="3" id="f-1143">160,758</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Valuation allowance for deferred income taxes</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxAssetsValuationAllowance" format="ixt:num-dot-decimal" scale="3" id="f-1144">15,553</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxAssetsValuationAllowance" format="ixt:num-dot-decimal" scale="3" id="f-1145">9,603</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax assets, net of valuation allowance</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxAssetsNet" format="ixt:num-dot-decimal" scale="3" id="f-1146">164,581</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxAssetsNet" format="ixt:num-dot-decimal" scale="3" id="f-1147">151,155</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net deferred income tax liability</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-1148">276,122</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-1149">272,270</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><ix:nonNumeric contextRef="c-1" name="mtn:BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock" id="f-1150" escape="true"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The components of deferred income taxes recognized in the accompanying Consolidated Balance Sheets are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:59.897%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.401%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.402%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax asset</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredIncomeTaxAssetsNet" format="ixt:num-dot-decimal" scale="3" id="f-1151">3,693</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredIncomeTaxAssetsNet" format="ixt:num-dot-decimal" scale="3" id="f-1152">3,867</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax liability</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredIncomeTaxLiabilitiesNet" format="ixt:num-dot-decimal" scale="3" id="f-1153">279,815</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredIncomeTaxLiabilitiesNet" format="ixt:num-dot-decimal" scale="3" id="f-1154">276,137</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net deferred income tax liability</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-1155">276,122</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="3" id="f-1156">272,270</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">95</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-1104-2" continuedAt="f-1104-3"><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" id="f-1157" escape="true"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant components of the provision for income taxes are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.970%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.544%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Federal</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:CurrentFederalTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1158">44,759</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:CurrentFederalTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1159">17,473</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:CurrentFederalTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1160">62,974</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:CurrentStateAndLocalTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1161">10,550</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:CurrentStateAndLocalTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1162">6,759</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:CurrentStateAndLocalTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1163">13,938</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:CurrentForeignTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1164">31,412</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:CurrentForeignTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1165">40,117</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:CurrentForeignTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1166">21,302</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total current</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:CurrentIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1167">86,721</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:CurrentIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1168">64,349</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:CurrentIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1169">98,214</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Federal</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:DeferredFederalIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1170">6,764</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:DeferredFederalIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1171">23,813</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:DeferredFederalIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1172">6,910</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit" scale="3" id="f-1173">461</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1174">1,372</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1175">1,966</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:DeferredForeignIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1176">5,792</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:DeferredForeignIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1177">1,120</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:DeferredForeignIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1178">4,446</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total deferred</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:DeferredIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1179">12,095</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:DeferredIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1180">24,065</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:DeferredIncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1181">9,390</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:IncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1182">98,816</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:IncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1183">88,414</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1184">88,824</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" id="f-1185" escape="true"><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A reconciliation of the income tax provision for continuing operations and the amount computed by applying the United States federal statutory income tax rate to income before income taxes is as follows:</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.970%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.544%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At U.S. federal income tax rate</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" scale="-2" id="f-1186">21.0</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-6" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" scale="-2" id="f-1187">21.0</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" scale="-2" id="f-1188">21.0</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State income tax, net of federal benefit</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" scale="-2" id="f-1189">2.9</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-6" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" scale="-2" id="f-1190">2.2</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" scale="-2" id="f-1191">3.8</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in uncertain tax positions</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" name="mtn:EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" scale="-2" id="f-1192">0.1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="c-6" decimals="3" name="mtn:EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" scale="-2" id="f-1193">1.5</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="c-7" decimals="3" name="mtn:EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" scale="-2" id="f-1194">1.2</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock-based compensation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent" scale="-2" id="f-1195">0.3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-6" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent" scale="-2" id="f-1196">0.7</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="c-7" decimals="3" sign="-" name="us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent" scale="-2" id="f-1197">3.6</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign partnership basis adjustment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" name="mtn:EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" scale="-2" id="f-1198">1.4</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-6" decimals="3" name="mtn:EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" format="ixt:fixed-zero" scale="-2" id="f-1199">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="3" name="mtn:EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" format="ixt:fixed-zero" scale="-2" id="f-1200">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense" scale="-2" id="f-1201">1.0</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="c-6" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense" scale="-2" id="f-1202">1.0</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="c-7" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense" scale="-2" id="f-1203">1.2</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign taxes</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" scale="-2" id="f-1204">3.6</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-6" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" scale="-2" id="f-1205">3.2</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" scale="-2" id="f-1206">0.1</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments" scale="-2" id="f-1207">0.3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="number" contextRef="c-6" decimals="3" sign="-" name="us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments" scale="-2" id="f-1208">0.9</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="3" name="us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments" scale="-2" id="f-1209">0.5</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effective tax rate</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" name="us-gaap:EffectiveIncomeTaxRateContinuingOperations" scale="-2" id="f-1210">28.6</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-6" decimals="3" name="us-gaap:EffectiveIncomeTaxRateContinuingOperations" scale="-2" id="f-1211">23.7</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="3" name="us-gaap:EffectiveIncomeTaxRateContinuingOperations" scale="-2" id="f-1212">19.4</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:SummaryOfIncomeTaxContingenciesTextBlock" id="f-1213" escape="true"><div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A reconciliation of the beginning and ending amount of unrecognized tax benefits associated with uncertain tax positions, excluding associated deferred tax benefits and accrued interest and penalties, if applicable, is as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.970%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.544%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance, beginning of year</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:UnrecognizedTaxBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1214">51,680</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-30" decimals="-3" name="us-gaap:UnrecognizedTaxBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1215">62,909</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-15" decimals="-3" name="us-gaap:UnrecognizedTaxBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1216">67,857</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions for tax positions of prior years</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" format="ixt:num-dot-decimal" scale="3" id="f-1217">10,866</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" format="ixt:num-dot-decimal" scale="3" id="f-1218">11,025</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" format="ixt:num-dot-decimal" scale="3" id="f-1219">11,179</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lapse of statute of limitations</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" format="ixt:num-dot-decimal" scale="3" id="f-1220">11,558</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" format="ixt:num-dot-decimal" scale="3" id="f-1221">22,254</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" format="ixt:num-dot-decimal" scale="3" id="f-1222">16,127</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance, end of year</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:UnrecognizedTaxBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1223">50,988</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:UnrecognizedTaxBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1224">51,680</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-30" decimals="-3" name="us-gaap:UnrecognizedTaxBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1225">62,909</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, the Company&#8217;s unrecognized tax benefits associated with uncertain tax positions relate to the treatment of the Talisker lease payments as payments of debt obligations and that the tax basis in Canyons goodwill is deductible, and are included within other long-term liabilities in the accompanying Consolidated Balance Sheets.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, the Company had recorded $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:UnrecognizedTaxBenefits" format="ixt:num-dot-decimal" scale="6" id="f-1226">51.0</ix:nonFraction>&#160;million of uncertain tax positions as well as $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" format="ixt:num-dot-decimal" scale="6" id="f-1227">6.1</ix:nonFraction>&#160;million of accrued interest and penalties. During the year ended July&#160;31, 2024, the Company experienced a reduction in the uncertain tax positions due to the lapse of the statute of limitations of $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" format="ixt:num-dot-decimal" scale="6" id="f-1228">11.6</ix:nonFraction>&#160;million, which was partially offset with an increase to the uncertain tax position of $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" format="ixt:num-dot-decimal" scale="6" id="f-1229">10.9</ix:nonFraction>&#160;million. The Company also recognized a tax benefit of $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense" format="ixt:num-dot-decimal" scale="6" id="f-1230">1.0</ix:nonFraction>&#160;million from a reduction in accrued interest and penalties during the year ended July&#160;31, 2024. The Company is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. Additionally, the Company expects a reduction to its uncertain tax positions for the fiscal year ending July&#160;31, 2025, due to the lapse of the statute of limitations.</span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">96</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-1104-3"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s major tax jurisdictions in which it files income tax returns are the U.S. federal jurisdiction, various state jurisdictions, Australia, Canada and Switzerland. The Company&#8217;s U.S. federal and state income tax returns are generally subject to tax examinations for the tax years 2020 through the current period. The Company&#8217;s Australian and Canadian income tax returns are generally subject to examination for the tax years 2019 through the current period, and Swiss income tax returns are generally subject to examination for the tax years 2018 through the current period. Additionally, to the extent the Company has NOLs that have been carried back or are available for carryforward, the tax years to which the NOL was carried back or in which the NOL was generated may still be adjusted by the taxing authorities to the extent the NOLs are utilized.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has NOL carryforwards totaling $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:OperatingLossCarryforwards" format="ixt:num-dot-decimal" scale="6" id="f-1231">92.6</ix:nonFraction>&#160;million, primarily comprised of $<ix:nonFraction unitRef="usd" contextRef="c-249" decimals="-5" name="us-gaap:OperatingLossCarryforwards" format="ixt:num-dot-decimal" scale="6" id="f-1232">5.9</ix:nonFraction>&#160;million of federal and state NOLs as a result of the acquisition of Peak Resorts in September 2019 that will expire beginning July 31, 2034 and non-U.S. NOLs of $<ix:nonFraction unitRef="usd" contextRef="c-250" decimals="-5" name="us-gaap:OperatingLossCarryforwards" format="ixt:num-dot-decimal" scale="6" id="f-1233">86.7</ix:nonFraction>&#160;million (for which a portion will begin expiring July 31, 2025, and a portion will carry forward indefinitely). In connection with Peak Resorts&#8217; initial public offering in November 2014, as well as the Company&#8217;s acquisition of Peak Resorts in September 2019, Peak Resorts had two ownership changes pursuant to the provisions of the Tax Reform Act of 1986. As a result, the Company&#8217;s usage of its eligible Federal NOL carryforwards will be limited each year by these ownership changes; however, management believes the full benefit of those carryforwards will be realized prior to their respective expiration dates. As of July 31, 2024, the Company has recorded a valuation allowance of $10.4 million on non-U.S. NOL carryforwards, as the Company has determined that it is more likely than not that the associated NOL carryforwards will not be realized. The Company has also recorded a valuation allowance of $4.2 million on foreign tax credit carryforwards, as the Company has determined that it is more likely than not that these foreign tax credit carryforwards will not be realized. Additionally, the Company has $1.0 million of foreign deferred tax assets, for which a valuation allowance of $1.0 million has been recorded.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company may be required to record additional valuation allowances if, among other things, adverse economic conditions negatively impact the Company&#8217;s ability to realize its deferred tax assets. Evaluating and estimating the Company&#8217;s tax provision, current and deferred tax assets and liabilities and other tax accruals requires significant management judgment. The Company intends to indefinitely reinvest undistributed earnings, if any, in its foreign subsidiaries. It is not practical at this time to determine the income tax liability related to any remaining undistributed earnings.</span></div></ix:continuation><div id="ie3b544e2e7c945e991471c5324b69364_157"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">11.&#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="us-gaap:CommitmentsAndContingenciesDisclosureTextBlock" id="f-1234" continuedAt="f-1234-1" escape="true">Commitments and Contingencies</ix:nonNumeric></span></div><ix:continuation id="f-1234-1" continuedAt="f-1234-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Guarantees/Indemnifications</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, the Company had various letters of credit outstanding totaling $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:LettersOfCreditOutstandingAmount" format="ixt:num-dot-decimal" scale="6" id="f-1235">96.0</ix:nonFraction>&#160;million, consisting of $<ix:nonFraction unitRef="usd" contextRef="c-251" decimals="-5" name="us-gaap:LettersOfCreditOutstandingAmount" format="ixt:num-dot-decimal" scale="6" id="f-1236">53.4</ix:nonFraction>&#160;million to support the Employee Housing Bonds; $<ix:nonFraction unitRef="usd" contextRef="c-252" decimals="-5" name="us-gaap:LettersOfCreditOutstandingAmount" format="ixt:num-dot-decimal" scale="6" id="f-1237">6.4</ix:nonFraction>&#160;million to support bonds issued by Holland Creek Metropolitan District; and $<ix:nonFraction unitRef="usd" contextRef="c-253" decimals="-5" name="us-gaap:LettersOfCreditOutstandingAmount" format="ixt:num-dot-decimal" scale="6" id="f-1238">36.2</ix:nonFraction>&#160;million primarily for workers&#8217; compensation, a wind energy purchase agreement and insurance-related deductibles, as well as other standby letters of credit. The Company also had surety bonds of $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="mtn:SuretyBondsOutstanding" format="ixt:num-dot-decimal" scale="6" id="f-1239">9.5</ix:nonFraction>&#160;million as of July&#160;31, 2024, primarily to provide collateral for its U.S. workers compensation self-insurance programs.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the guarantees noted above, the Company has entered into contracts in the normal course of business that include certain indemnifications under which it could be required to make payments to third parties upon the occurrence or non-occurrence of certain future events. These indemnities include indemnities related to licensees in connection with third-parties&#8217; use of the Company&#8217;s trademarks and logos, liabilities associated with the infringement of other parties&#8217; technology and software products, liabilities associated with the use of easements, liabilities associated with employment of contract workers and the Company&#8217;s use of trustees, and liabilities associated with the Company&#8217;s use of public lands and environmental matters. The duration of these indemnities generally is indefinite and generally do not limit the future payments the Company could be obligated to make.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As permitted under applicable law, the Company and certain of its subsidiaries have agreed to indemnify their directors and officers over their lifetimes for certain events or occurrences while the officer or director is, or was, serving the Company or its subsidiaries in such a capacity. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has a director and officer insurance policy that should enable the Company to recover a portion of any amounts paid.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unless otherwise noted, the Company has not recorded any significant liabilities for the letters of credit, indemnities and other guarantees noted above in the accompanying Consolidated Financial Statements, either because the Company has recorded on its Consolidated Balance Sheets the underlying liability associated with the guarantee, the guarantee is with respect to the Company&#8217;s own performance and is therefore not subject to the measurement requirements as prescribed by GAAP, or because the Company has calculated the estimated fair value of the indemnification or guarantee to be immaterial based on the current facts and circumstances that would trigger a payment under the indemnification clause. In addition, with respect to certain indemnifications it is not possible to determine the maximum potential amount of liability under these potential obligations due </span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">97</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-1234-2" continuedAt="f-1234-3"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to the unique set of facts and circumstances likely to be involved in each particular claim and indemnification provision. Historically, payments made by the Company under these obligations have not been material.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As noted above, the Company makes certain indemnifications to licensees for their use of the Company&#8217;s trademarks and logos. The Company does not record any liabilities with respect to these indemnifications.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Commitments</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The operations of Northstar are conducted on land and with operating assets owned by affiliates of EPR Properties, a real-estate investment trust, primarily under operating leases which were assumed in the acquisition of Northstar by the Company. In addition, the leases provide for the payment of percentage rent of certain gross revenues generated at the property over a revenue threshold which is incrementally adjusted annually. The initial term of the leases expires in fiscal <ix:nonNumeric contextRef="c-254" name="mtn:LeaseExpirationYear" id="f-1240">2027</ix:nonNumeric> and allows for <ix:nonFraction unitRef="number" contextRef="c-1" decimals="INF" name="mtn:NumberOfOptionalLeaseRenewalTerms" format="ixt-sec:numwordsen" scale="0" id="f-1241">three</ix:nonFraction> <ix:nonNumeric contextRef="c-254" name="mtn:OptionalLeaseRenewalTerm" id="f-1242">10</ix:nonNumeric>-year extensions at the Company&#8217;s option. The operations of Perisher are conducted on land under a license and lease granted by the Office of Environment and Heritage, an agency of the New South Wales government, which initially commenced in 2008, and which the Company assumed in its acquisition of Perisher. The lease and license has a term that expires in fiscal <ix:nonNumeric contextRef="c-255" name="mtn:LeaseExpirationYear" id="f-1243">2048</ix:nonNumeric> and allows for an option to renew for an additional <ix:nonNumeric contextRef="c-255" name="mtn:OptionalLeaseRenewalTerm" id="f-1244">20 years</ix:nonNumeric>. The lease and license provide for the payment of an initial minimum annual base rent, with annual CPI increases, and percentage rent <ix:nonNumeric contextRef="c-255" name="mtn:DescriptionofPercentageRent" id="f-1245">of certain gross revenue</ix:nonNumeric> generated at the property. The operations of Falls Creek and Hotham are conducted on land under leases granted by the Governor of the State of Victoria, Australia and its dependencies, which initially commenced in 1991 and 1992, respectively, which the Company assumed in its acquisition of Falls Creek and Hotham in April 2019. The leases have terms that expire in fiscal <ix:nonNumeric contextRef="c-256" name="mtn:LeaseExpirationYear" id="f-1246">2041</ix:nonNumeric> for Falls Creek and fiscal <ix:nonNumeric contextRef="c-257" name="mtn:LeaseExpirationYear" id="f-1247">2058</ix:nonNumeric> for Hotham, and provide for the payment of rent with both a fixed and variable component. The operations of Mad River Mountain are conducted on land under a lease granted by EPT Mad River, Inc., which initially commenced in 2005, which the Company assumed in its acquisition of Peak Resorts in September 2019. The lease has a term that expires in the year ending <ix:nonNumeric contextRef="c-258" name="us-gaap:LeaseExpirationDate1" format="ixt:date-monthname-day-year-en" id="f-1248">July&#160;31, 2035</ix:nonNumeric>, and provides for the payment of an initial minimum annual base rent, with annual CPI increases, and percentage rent of certain gross revenue generated at the property. The operations of Laurel Mountain are conducted on land under a concessioner lease agreement with the Commonwealth of Pennsylvania, acting through the Department of Conservation and Natural Resources (&#8220;Department&#8221;), which initially commenced in 2018, which the Company assumed in its acquisition of the Seven Springs Resorts in December 2021. The agreement has a term that expires in the year ending July 31, <ix:nonNumeric contextRef="c-213" name="mtn:LeaseExpirationYear" id="f-1249">2052</ix:nonNumeric>, and provides for the payment of an initial minimum annual base rent, with bi-annual CPI increases, and additional rent based on skier visits. The operations of Andermatt-Sedrun are conducted on (i) land owned by ASA as freehold or leasehold properties, including land owned by Usern Corporation, for which operations are conducted under a main framework concession agreement that expires in the year ending July 31, <ix:nonNumeric contextRef="c-259" name="mtn:LeaseExpirationYear" id="f-1250">2033</ix:nonNumeric> and provides for annual concession and administrative fee payments, and land owned by the Swiss Confederation, for which operations are conducted under leasehold agreements which expire in the years ending July 31, <ix:nonNumeric contextRef="c-260" name="mtn:LeaseExpirationYear" id="f-1251">2067</ix:nonNumeric> and <ix:nonNumeric contextRef="c-261" name="mtn:LeaseExpirationYear" id="f-1252">2068</ix:nonNumeric>; (ii) land owned by the municipality of Tujetsch, for which operations are conducted under various building rights and rights of way which expire in the year ending July 31, <ix:nonNumeric contextRef="c-262" name="mtn:LeaseExpirationYear" id="f-1253">2033</ix:nonNumeric> and provide for annual concession fee payments; and (iii) land owned by private property owners. Portions of our operations at Crans-Montana are located on land owned by regional Bourgeoisies, the municipality of Crans-Montana and private property owners, whereby the owners have granted building rights and/or easements for the operations. Such leasehold property rights expire between <ix:nonNumeric contextRef="c-263" name="mtn:LeaseExpirationYear" id="f-1254">2027</ix:nonNumeric> and <ix:nonNumeric contextRef="c-264" name="mtn:LeaseExpirationYear" id="f-1255">2094</ix:nonNumeric>, and we will then be able to negotiate for an extension. These leasehold properties primarily relate to forest and agricultural zones for which usage is needed for the operation of the ski lifts (e.g. passing through of ski lifts or in connection with the arrival or departure stations of the ski lifts) and are spread over the entire ski resort. The transportation and ski infrastructure operations of Andermatt-Sedrun and Crans-Montana also operate under various concessions from the Federal Office of Transport, which have terms expiring in the years ending July 31, <ix:nonNumeric contextRef="c-265" name="mtn:LeaseExpirationYear" id="f-1256">2032</ix:nonNumeric> through <ix:nonNumeric contextRef="c-266" name="mtn:LeaseExpirationYear" id="f-1257">2047</ix:nonNumeric>. Additionally, the Company has entered into strategic long-term season pass alliance agreements with third-party mountain resorts in which the Company has committed to pay minimum revenue guarantees over the remaining terms of these agreements.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has executed or assumed as lessee other operating leases for the rental of office and commercial space, employee residential units and land primarily through fiscal <ix:nonNumeric contextRef="c-205" name="mtn:LeaseExpirationYear" id="f-1258">2095</ix:nonNumeric>. Certain of these leases have renewal terms at the Company&#8217;s option, escalation clauses, rent holidays and leasehold improvement incentives. Rent holidays and rent escalation clauses are recognized on a straight-line basis over the lease term. Leasehold improvement incentives are recorded as leasehold improvements and amortized over the shorter of their economic lives or the term of the lease. For the years ended July&#160;31, 2024, 2023 and 2022, the Company recorded lease expense (including for the lease obligations discussed above), excluding executory costs, related to these agreements of $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:OperatingLeaseExpense" scale="6" id="f-1259">71.7</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:OperatingLeaseExpense" scale="6" id="f-1260">71.3</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:OperatingLeaseExpense" scale="6" id="f-1261">61.2</ix:nonFraction> million, respectively, which is included on the accompanying Consolidated Statements of Operations. See Note 4, Leases, for additional information regarding the Company&#8217;s leasing arrangements.</span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">98</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-1234-3"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Self-Insurance</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is self-insured for claims under its U.S. health benefit plans and for the majority of workers&#8217; compensation claims in the U.S. Workers compensation claims in the U.S. are subject to stop loss policies. The self-insurance liability related to workers&#8217; compensation is determined actuarially based on claims filed. The self-insurance liability related to claims under the Company&#8217;s U.S. health benefit plans is determined based on analysis of actual claims. The amounts related to these claims are included as a component of accrued benefits in accounts payable and accrued liabilities (see Note 8, Supplementary Balance Sheet Information).</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Legal</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a party to various lawsuits arising in the ordinary course of business. The Company will assess the probability of an unfavorable outcome of any material litigation, claims or assessments to determine whether a liability had been incurred and whether it is probable that one or more future events will occur confirming the fact of the loss. In the event that an unfavorable outcome is determined to be probable and the amount of the loss can be reasonably estimated, the Company will establish an accrual for the litigation, claim or assessment. In addition, in the event an unfavorable outcome is determined to be less than probable, but reasonably possible, the Company will disclose an estimate of the possible loss or range of such loss; however, when a reasonable estimate cannot be made, the Company will provide disclosure to that effect. Litigation is inherently uncertain and may result in adverse rulings or decisions. Additionally, the Company may enter into settlements or be subject to judgments that may, individually or in the aggregate, have a material adverse effect on its results of operations. Accordingly, actual results could differ materially. Management believes the Company has adequate insurance coverage and/or has accrued for all loss contingencies for asserted and unasserted matters deemed to be probable and reasonably estimable losses. As of July&#160;31, 2024 and 2023, the accruals for such loss contingencies were not material individually or in the aggregate.</span></div></ix:continuation><div id="ie3b544e2e7c945e991471c5324b69364_160"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">12.&#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="us-gaap:SegmentReportingDisclosureTextBlock" id="f-1262" continuedAt="f-1262-1" escape="true">Segment and Geographic Area Information</ix:nonNumeric></span></div><ix:continuation id="f-1262-1" continuedAt="f-1262-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Segment Information</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has three reportable segments: Mountain, Lodging and Real Estate. The Company refers to &#8220;Resort&#8221; as the combination of the Mountain and Lodging segments. The Mountain segment includes the operations of the Company&#8217;s mountain resorts/ski areas and related ancillary activities. The Lodging segment includes the operations of the Company&#8217;s owned hotels, RockResorts, NPS concessioner properties, condominium management, Colorado resort ground transportation operations and mountain resort golf operations. The Real Estate segment owns, develops and sells real estate in and around the Company&#8217;s resort communities. The Company&#8217;s reportable segments, although integral to the success of the others, offer distinctly different products and services and require different types of management focus. As such, these segments are managed separately.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company reports its segment results using Reported EBITDA (defined as segment net revenue less segment operating expenses, plus segment equity investment income or loss, and for the Real Estate segment, plus gain or loss on sale of real property). The Company reports segment results in a manner consistent with management&#8217;s internal reporting of operating results to the chief operating decision maker (Chief Executive Officer) for purposes of evaluating segment performance.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Items excluded from Reported EBITDA are significant components in understanding and assessing financial performance. Reported EBITDA should not be considered in isolation or as an alternative to, or substitute for, net income, net change in cash and cash equivalents or other financial statement data presented in the accompanying Consolidated Financial Statements as indicators of financial performance or liquidity.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company utilizes Reported EBITDA in evaluating the performance of the Company and in allocating resources to its segments. Mountain Reported EBITDA consists of Mountain net revenue less Mountain operating expense plus Mountain equity investment income or loss. Lodging Reported EBITDA consists of Lodging net revenue less Lodging operating expense. Real Estate Reported EBITDA consists of Real Estate net revenue less Real Estate operating expense plus gain or loss on sale of real property. All segment expenses include an allocation of corporate administrative expense. Assets are not used to evaluate performance, except as shown in the table below. The accounting policies specific to each segment are the same as those described in Note 2, Summary of Significant Accounting Policies.</span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">99</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-1262-2" continuedAt="f-1262-3"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents key financial information by reportable segment, which is used by management in evaluating performance and allocating resources (in thousands):</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock" id="f-1263" escape="true"><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.970%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.544%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net revenue:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1264"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1265">2,544,370</ix:nonFraction></ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1266"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1267">2,540,906</ix:nonFraction></ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1268"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1269">2,213,114</ix:nonFraction></ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1270">336,117</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1271">340,393</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:LodgingRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1272">312,090</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Resort net revenue</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:ResortRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1273">2,880,487</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:ResortRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1274">2,881,299</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:ResortRevenueNet" format="ixt:num-dot-decimal" scale="3" id="f-1275">2,525,204</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:RealEstateRevenue" format="ixt:num-dot-decimal" scale="3" id="f-1276">4,704</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:RealEstateRevenue" format="ixt:num-dot-decimal" scale="3" id="f-1277">8,065</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:RealEstateRevenue" scale="3" id="f-1278">708</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net revenue</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1279">2,885,191</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1280">2,889,364</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1281">2,525,912</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Segment operating expense:</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-1282">1,743,351</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-1283">1,718,941</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-1284">1,404,527</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:LodgingExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-1285">313,099</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:LodgingExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-1286">328,126</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:LodgingExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-1287">286,343</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Resort operating expense</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:ResortExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-1288">2,056,450</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:ResortExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-1289">2,047,067</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:ResortExpensesNet" format="ixt:num-dot-decimal" scale="3" id="f-1290">1,690,870</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:RealEstateExpense" format="ixt:num-dot-decimal" scale="3" id="f-1291">9,514</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:RealEstateExpense" format="ixt:num-dot-decimal" scale="3" id="f-1292">10,635</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:RealEstateExpense" format="ixt:num-dot-decimal" scale="3" id="f-1293">5,911</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total segment operating expense</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:OperatingCostsExpensesAndCostOfSales" format="ixt:num-dot-decimal" scale="3" id="f-1294">2,065,964</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:OperatingCostsExpensesAndCostOfSales" format="ixt:num-dot-decimal" scale="3" id="f-1295">2,057,702</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:OperatingCostsExpensesAndCostOfSales" format="ixt:num-dot-decimal" scale="3" id="f-1296">1,696,781</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain on sale of real property</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:GainOnSaleOfRealProperty" format="ixt:num-dot-decimal" scale="3" id="f-1297">6,285</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:GainOnSaleOfRealProperty" scale="3" id="f-1298">842</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:GainOnSaleOfRealProperty" format="ixt:num-dot-decimal" scale="3" id="f-1299">1,276</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain equity investment income, net</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:MountainEquityInvestmentIncomeLossNet" format="ixt:num-dot-decimal" scale="3" id="f-1300">1,053</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:MountainEquityInvestmentIncomeLossNet" scale="3" id="f-1301">605</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:MountainEquityInvestmentIncomeLossNet" format="ixt:num-dot-decimal" scale="3" id="f-1302">2,580</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reported EBITDA:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-229" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1303">802,072</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-225" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1304">822,570</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-267" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1305">811,167</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-230" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1306">23,018</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-226" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1307">12,267</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-268" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1308">25,747</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Resort</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-269" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1309">825,090</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-270" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1310">834,837</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-271" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1311">836,914</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-272" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1312">1,475</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-273" decimals="-3" sign="-" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1313">1,728</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-274" decimals="-3" sign="-" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1314">3,927</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Reported EBITDA</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1315">826,565</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1316">833,109</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1317">832,987</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate held for sale or investment</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:InventoryRealEstate" format="ixt:num-dot-decimal" scale="3" id="f-1318">86,548</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:InventoryRealEstate" format="ixt:num-dot-decimal" scale="3" id="f-1319">90,207</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-30" decimals="-3" name="us-gaap:InventoryRealEstate" format="ixt:num-dot-decimal" scale="3" id="f-1320">95,983</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reconciliation of net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-1321">230,405</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-1322">268,148</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:NetIncomeLoss" format="ixt:num-dot-decimal" scale="3" id="f-1323">347,923</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-1324">15,874</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-1325">16,955</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:NetIncomeLossAttributableToNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-1326">20,414</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-1327">246,279</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-1328">285,103</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:ProfitLoss" format="ixt:num-dot-decimal" scale="3" id="f-1329">368,337</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:IncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1330">98,816</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:IncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1331">88,414</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncomeTaxExpenseBenefit" format="ixt:num-dot-decimal" scale="3" id="f-1332">88,824</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income before provision for income taxes</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-1333">345,095</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-1334">373,517</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" format="ixt:num-dot-decimal" scale="3" id="f-1335">457,161</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:DepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1336">276,493</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:DepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1337">268,501</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:DepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1338">252,391</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss (gain) on disposal of fixed assets and other, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:GainLossOnDispositionOfAssets" format="ixt:num-dot-decimal" scale="3" id="f-1339">9,633</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:GainLossOnDispositionOfAssets" format="ixt:num-dot-decimal" scale="3" id="f-1340">9,070</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:GainLossOnDispositionOfAssets" format="ixt:num-dot-decimal" scale="3" id="f-1341">43,992</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value of contingent consideration</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:ChangeinFairValueofContingentConsideration" format="ixt:num-dot-decimal" scale="3" id="f-1342">47,957</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:ChangeinFairValueofContingentConsideration" format="ixt:num-dot-decimal" scale="3" id="f-1343">49,836</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:ChangeinFairValueofContingentConsideration" format="ixt:num-dot-decimal" scale="3" id="f-1344">20,280</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment income and other, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:InvestmentIncomeInterest" format="ixt:num-dot-decimal" scale="3" id="f-1345">18,592</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:InvestmentIncomeInterest" format="ixt:num-dot-decimal" scale="3" id="f-1346">23,744</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:InvestmentIncomeInterest" format="ixt:num-dot-decimal" scale="3" id="f-1347">3,718</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign currency loss on intercompany loans</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" sign="-" name="us-gaap:ForeignCurrencyTransactionGainLossBeforeTax" format="ixt:num-dot-decimal" scale="3" id="f-1348">4,140</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" sign="-" name="us-gaap:ForeignCurrencyTransactionGainLossBeforeTax" format="ixt:num-dot-decimal" scale="3" id="f-1349">2,907</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" sign="-" name="us-gaap:ForeignCurrencyTransactionGainLossBeforeTax" format="ixt:num-dot-decimal" scale="3" id="f-1350">2,682</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:InterestExpense" format="ixt:num-dot-decimal" scale="3" id="f-1351">161,839</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:InterestExpense" format="ixt:num-dot-decimal" scale="3" id="f-1352">153,022</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:InterestExpense" format="ixt:num-dot-decimal" scale="3" id="f-1353">148,183</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Reported EBITDA</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1354">826,565</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1355">833,109</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="mtn:EarningBeforeInterestTaxesDepreciationAndAmortization" format="ixt:num-dot-decimal" scale="3" id="f-1356">832,987</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:6pt;padding-left:13.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> During the year ended July 31, 2022, the Company recognized a gain of $<ix:nonFraction unitRef="usd" contextRef="c-275" decimals="-5" name="us-gaap:GainLossOnSaleOfPropertyPlantEquipment" format="ixt:num-dot-decimal" scale="6" id="f-1357">32.2</ix:nonFraction>&#160;million from the sale of a hotel property in Breckenridge.</span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">100</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:nonNumeric contextRef="c-1" name="us-gaap:RevenueFromExternalCustomersByGeographicAreasTableTextBlock" id="f-1358" escape="true"><ix:continuation id="f-1262-3"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Geographic Information</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net revenue and long-lived assets, excluding financial instruments and deferred tax assets, by geographic region are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"/><td style="width:51.694%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.635%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.635%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.636%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net revenue</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-276" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1359">2,386,749</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-277" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1360">2,366,342</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-278" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1361">2,228,708</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">International </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-279" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1362">498,442</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-280" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1363">523,022</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-281" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1364">297,204</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net revenue</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1365">2,885,191</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1366">2,889,364</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-3" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="3" id="f-1367">2,525,912</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Long-lived assets</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-282" decimals="-3" name="us-gaap:NoncurrentAssets" format="ixt:num-dot-decimal" scale="3" id="f-1368">2,858,275</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-283" decimals="-3" name="us-gaap:NoncurrentAssets" format="ixt:num-dot-decimal" scale="3" id="f-1369">2,853,758</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">International </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-284" decimals="-3" name="us-gaap:NoncurrentAssets" format="ixt:num-dot-decimal" scale="3" id="f-1370">1,925,108</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-285" decimals="-3" name="us-gaap:NoncurrentAssets" format="ixt:num-dot-decimal" scale="3" id="f-1371">1,882,018</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total long-lived assets</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:NoncurrentAssets" format="ixt:num-dot-decimal" scale="3" id="f-1372">4,783,383</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-3" name="us-gaap:NoncurrentAssets" format="ixt:num-dot-decimal" scale="3" id="f-1373">4,735,776</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The only individual international country (i.e. except the U.S.) to account for more than 10% of the Company&#8217;s net revenue was Canada. Canada accounted for $<ix:nonFraction unitRef="usd" contextRef="c-286" decimals="-5" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="6" id="f-1374">326.2</ix:nonFraction>&#160;million and $<ix:nonFraction unitRef="usd" contextRef="c-287" decimals="-5" name="us-gaap:Revenues" format="ixt:num-dot-decimal" scale="6" id="f-1375">321.7</ix:nonFraction>&#160;million of net revenue for the year ended July&#160;31, 2024 and 2023, respectively. For the year ended July 31, 2022, no individual international country accounted for more than 10% of the Company&#8217;s net revenue.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The only individual international country to account for more than 10% of the Company&#8217;s long-lived assets was Canada. Canada accounted for $<ix:nonFraction unitRef="usd" contextRef="c-288" decimals="-3" name="us-gaap:NoncurrentAssets" format="ixt:num-dot-decimal" scale="6" id="f-1376">1,373.8</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-289" decimals="-3" name="us-gaap:NoncurrentAssets" format="ixt:num-dot-decimal" scale="6" id="f-1377">1,446.0</ix:nonFraction> million of long-lived assets as of July&#160;31, 2024 and 2023, respectively.</span></div></ix:continuation></ix:nonNumeric><div id="ie3b544e2e7c945e991471c5324b69364_166"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">13.&#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfTreasuryStockByClassTextBlock" id="f-1378" continuedAt="f-1378-1" escape="true">Share Repurchase Program</ix:nonNumeric></span></div><ix:continuation id="f-1378-1"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March&#160;9, 2006, the Company&#8217;s Board of Directors approved a share repurchase program, authorizing the Company to repurchase up to <ix:nonFraction unitRef="shares" contextRef="c-290" decimals="0" name="us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" format="ixt:num-dot-decimal" scale="0" id="f-1379">3,000,000</ix:nonFraction> Vail Shares. On July 16, 2008, December 4, 2015 and March 7, 2023, the Company&#8217;s Board of Directors increased the authorization by an additional <ix:nonFraction unitRef="shares" contextRef="c-291" decimals="0" name="mtn:StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" format="ixt:num-dot-decimal" scale="0" id="f-1380">3,000,000</ix:nonFraction>, <ix:nonFraction unitRef="shares" contextRef="c-292" decimals="0" name="mtn:StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" format="ixt:num-dot-decimal" scale="0" id="f-1381">1,500,000</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="c-293" decimals="0" name="mtn:StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" format="ixt:num-dot-decimal" scale="0" id="f-1382">2,500,000</ix:nonFraction> Vail Shares, respectively, for a total authorization to repurchase up to <ix:nonFraction unitRef="shares" contextRef="c-4" decimals="0" name="us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" format="ixt:num-dot-decimal" scale="0" id="f-1383">10,000,000</ix:nonFraction> Vail Shares. During the years ended July&#160;31, 2024, 2023 and 2022, the Company repurchased <ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="us-gaap:TreasuryStockSharesAcquired" format="ixt:num-dot-decimal" scale="0" id="f-1384">721,378</ix:nonFraction>, <ix:nonFraction unitRef="shares" contextRef="c-6" decimals="0" name="us-gaap:TreasuryStockSharesAcquired" format="ixt:num-dot-decimal" scale="0" id="f-1385">2,182,594</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="c-7" decimals="0" name="us-gaap:TreasuryStockSharesAcquired" format="ixt:num-dot-decimal" scale="0" id="f-1386">304,567</ix:nonFraction> Vail Shares, respectively (at a total cost of $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:PaymentsForRepurchaseOfCommonStock" format="ixt:num-dot-decimal" scale="6" id="f-1387">150.0</ix:nonFraction>&#160;million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:PaymentsForRepurchaseOfCommonStock" scale="6" id="f-1388">500.0</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:PaymentsForRepurchaseOfCommonStock" scale="6" id="f-1389">75.0</ix:nonFraction> million, respectively, excluding accrued excise tax, as discussed further below). Since inception of this stock repurchase program through July&#160;31, 2024, the Company has repurchased <ix:nonFraction unitRef="shares" contextRef="c-4" decimals="0" name="us-gaap:TreasuryStockCommonShares" format="ixt:num-dot-decimal" scale="0" id="f-1390">9,369,680</ix:nonFraction> shares at a cost of approximately $<ix:nonFraction unitRef="usd" contextRef="c-294" decimals="-5" name="us-gaap:PaymentsForRepurchaseOfCommonStock" format="ixt:num-dot-decimal" scale="6" id="f-1391">1,129.4</ix:nonFraction> million. As of July&#160;31, 2024, <ix:nonFraction unitRef="shares" contextRef="c-4" decimals="0" name="us-gaap:StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased" format="ixt:num-dot-decimal" scale="0" id="f-1392">630,320</ix:nonFraction> Vail Shares remained available to repurchase under the existing share repurchase program. On September 25, 2024, the Company&#8217;s Board of Directors approved an increase in the number of shares authorized to be repurchased under the share repurchase program by an additional <ix:nonFraction unitRef="shares" contextRef="c-295" decimals="0" name="us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" format="ixt:num-dot-decimal" scale="0" id="f-1393">1,100,000</ix:nonFraction> Vail Shares. As a result, <ix:nonFraction unitRef="shares" contextRef="c-295" decimals="0" name="us-gaap:TreasuryStockCommonShares" format="ixt:num-dot-decimal" scale="0" id="f-1394">1,730,320</ix:nonFraction> Vail Shares are available to repurchase under the share repurchase program, which has no expiration date. Vail Shares purchased pursuant to the repurchase program will be held as treasury shares and may be used for issuance under the Company&#8217;s employee share award plan.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 16, 2022 the U.S. government enacted the Inflation Reduction Act of 2022, which imposed a 1.0% excise tax on share repurchases (net of estimated share issuances) made after December 31, 2022. As a result, the Company accrued approximately $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:SalesAndExciseTaxPayableCurrentAndNoncurrent" scale="6" id="f-1395">1.4</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-5" decimals="-5" name="us-gaap:SalesAndExciseTaxPayableCurrentAndNoncurrent" scale="6" id="f-1396">4.9</ix:nonFraction> million of excise tax in connection with the share repurchases it completed during the years ended July&#160;31, 2024 and 2023, which was recorded as an adjustment to the cost basis of repurchased shares in treasury stock and accounts payable and accrued liabilities on the Company&#8217;s Consolidated Balance Sheets as of July&#160;31, 2024 and 2023.</span></div></ix:continuation><div id="ie3b544e2e7c945e991471c5324b69364_169"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">14.&#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" id="f-1397" continuedAt="f-1397-1" escape="true">Stock Compensation Plan</ix:nonNumeric></span></div><ix:continuation id="f-1397-1" continuedAt="f-1397-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has a share award plan (the &#8220;Plan&#8221;) which has been approved by the Company&#8217;s stockholders. Under the Plan, up to <ix:nonFraction unitRef="shares" contextRef="c-4" decimals="-5" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" scale="6" id="f-1398">4.4</ix:nonFraction> million shares of common stock could be issued in the form of options, stock appreciation rights, restricted shares, restricted share units, performance shares, performance share units, dividend equivalents or other share-based awards to employees, directors or consultants of the Company or its subsidiaries or affiliates. The terms of awards granted under the Plan, including exercise price, vesting period and life, are set by the Compensation Committee of the Board of Directors. All share-</span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">101</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-1397-2" continuedAt="f-1397-3"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">based awards (except for restricted shares and restricted share units) granted under the Plan have a life of <ix:nonNumeric contextRef="c-1" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" format="ixt-sec:durwordsen" id="f-1399">ten years</ix:nonNumeric>. Most awards vest ratably over <ix:nonNumeric contextRef="c-1" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" format="ixt-sec:durwordsen" id="f-1400">three years</ix:nonNumeric>; however, some have been granted with different vesting schedules. Of the awards outstanding, none have been granted to non-employees (except those granted to non-employee members of the Board of Directors of the Company) under the Plan. At July&#160;31, 2024, approximately <ix:nonFraction unitRef="shares" contextRef="c-4" decimals="-5" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" scale="6" id="f-1401">1.8</ix:nonFraction> million share-based awards were available to be granted under the Plan.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The fair value of stock-settled stock appreciation rights (&#8220;SARs&#8221;) granted in the years ended July&#160;31, 2024, 2023 and 2022 were estimated on the date of grant using a lattice-based option valuation model that applies the assumptions noted in the table below. A lattice-based model considers factors such as exercise behavior, and assumes employees will exercise equity awards at different times over the contractual life of the equity awards. As a lattice-based model considers these factors, and is more flexible, the Company considers it to be a better method of valuing equity awards than a closed-form Black-Scholes model. Because lattice-based option valuation models incorporate ranges of assumptions for inputs, those ranges are disclosed. Expected volatility is based on historical volatility of the Company&#8217;s stock. The Company uses historical data to estimate equity award exercises and employee terminations within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The expected term of equity awards granted is derived from the output of the option valuation model and represents the period of time that equity awards granted are expected to be outstanding; the range given below results from certain groups of employees exhibiting different behavior. <ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" id="f-1402" continuedAt="f-1402-1" escape="true">The risk-free rate for periods within the contractual life of the equity award is based on the United States Treasury yield curve in effect at the time of grant.</ix:nonNumeric></span></div><ix:continuation id="f-1402-1"><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:51.970%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.543%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.544%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected volatility</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" scale="-2" id="f-1403">30.0</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-6" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" scale="-2" id="f-1404">30.0</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" scale="-2" id="f-1405">31.0</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected dividend yield</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" scale="-2" id="f-1406">3.4</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-6" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" scale="-2" id="f-1407">3.2</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" scale="-2" id="f-1408">2.1</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected term (average in years)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-122" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" format="ixt-sec:duryear" id="f-1409">6.4</ix:nonNumeric>-<ix:nonNumeric contextRef="c-123" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" format="ixt-sec:duryear" id="f-1410">6.7</ix:nonNumeric></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-296" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" format="ixt-sec:duryear" id="f-1411">6.5</ix:nonNumeric>-<ix:nonNumeric contextRef="c-297" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" format="ixt-sec:duryear" id="f-1412">6.8</ix:nonNumeric></span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-298" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" format="ixt-sec:duryear" id="f-1413">6.4</ix:nonNumeric>-<ix:nonNumeric contextRef="c-299" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" format="ixt-sec:duryear" id="f-1414">6.8</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk-free rate</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-6" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum" scale="-2" id="f-1415">4.0</ix:nonFraction>-<ix:nonFraction unitRef="number" contextRef="c-1" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum" scale="-2" id="f-1416">5.4</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum" scale="-2" id="f-1417">2.7</ix:nonFraction>-<ix:nonFraction unitRef="number" contextRef="c-6" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum" scale="-2" id="f-1418">3.0</ix:nonFraction>%</span></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="number" contextRef="c-7" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum" scale="-2" id="f-1419">0.1</ix:nonFraction>-<ix:nonFraction unitRef="number" contextRef="c-7" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum" scale="-2" id="f-1420">1.2</ix:nonFraction>%</span></div></td></tr></table></div></ix:continuation><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company records actual forfeitures related to unvested awards upon employee terminations. </span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock" id="f-1421" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of aggregate SARs award activity under the Plan as of July&#160;31, 2024, 2023 and 2022, and changes during the years then ended is presented below (in thousands, except exercise price and contractual term):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:35.649%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.712%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.712%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.712%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.715%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Awards</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Exercise Price</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Remaining<br/>Contractual Term</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Aggregate<br/>Intrinsic<br/>Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2021</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-15" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" scale="3" id="f-1422">873</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-15" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" scale="0" id="f-1423">181.17</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="mtn:ShareBasedCompensationArrangementSarsGrantedInPeriod" scale="3" id="f-1424">97</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-7" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" scale="0" id="f-1425">360.69</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercised</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="mtn:StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" scale="3" id="f-1426">278</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-7" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" scale="0" id="f-1427">93.32</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited or expired</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="c-7" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" scale="3" id="f-1428">13</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-7" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" scale="0" id="f-1429">271.04</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2022</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-30" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" scale="3" id="f-1430">679</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-30" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" scale="0" id="f-1431">241.13</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="mtn:ShareBasedCompensationArrangementSarsGrantedInPeriod" scale="3" id="f-1432">176</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" scale="0" id="f-1433">220.73</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercised</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="mtn:StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" scale="3" id="f-1434">92</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" scale="0" id="f-1435">222.14</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited or expired</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="c-6" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" scale="3" id="f-1436">53</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-6" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" scale="0" id="f-1437">280.09</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2023</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-5" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" scale="3" id="f-1438">710</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-5" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" scale="0" id="f-1439">235.69</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="mtn:ShareBasedCompensationArrangementSarsGrantedInPeriod" scale="3" id="f-1440">181</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" scale="0" id="f-1441">226.71</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercised</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="mtn:StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" scale="3" id="f-1442">15</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" scale="0" id="f-1443">197.88</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited or expired</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="c-1" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" scale="3" id="f-1444">125</ix:nonFraction>)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-1" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" scale="0" id="f-1445">244.56</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2024</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-4" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" scale="3" id="f-1446">751</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-4" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" scale="0" id="f-1447">232.81</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm" format="ixt-sec:duryear" id="f-1448">6.0</ix:nonNumeric> years</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue" format="ixt:num-dot-decimal" scale="3" id="f-1449">5,049</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vested and expected to vest at July 31, 2024</span></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-4" decimals="-3" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" scale="3" id="f-1450">741</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-4" decimals="2" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" scale="0" id="f-1451">232.88</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" format="ixt-sec:duryear" id="f-1452">5.9</ix:nonNumeric> years</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" format="ixt:num-dot-decimal" scale="3" id="f-1453">5,049</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercisable at July 31, 2024</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-4" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber" scale="3" id="f-1454">497</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-4" decimals="2" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice" scale="0" id="f-1455">230.76</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm" format="ixt-sec:duryear" id="f-1456">4.6</ix:nonNumeric> years</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue" format="ixt:num-dot-decimal" scale="3" id="f-1457">5,049</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The weighted-average grant-date estimated fair value of SARs granted during the years ended July&#160;31, 2024, 2023 and 2022 was $<ix:nonFraction unitRef="usdPerShare" contextRef="c-300" decimals="2" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1458">60.03</ix:nonFraction>, $<ix:nonFraction unitRef="usdPerShare" contextRef="c-301" decimals="2" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1459">55.37</ix:nonFraction> and $<ix:nonFraction unitRef="usdPerShare" contextRef="c-302" decimals="2" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1460">96.20</ix:nonFraction>, respectively. The total intrinsic value of SARs exercised during the years ended July&#160;31, 2024, 2023 and 2022 was $<ix:nonFraction unitRef="usd" contextRef="c-300" decimals="-5" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" scale="6" id="f-1461">0.5</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-301" decimals="-5" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" scale="6" id="f-1462">3.0</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-302" decimals="-5" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" scale="6" id="f-1463">69.1</ix:nonFraction> million, respectively. The Company had <ix:nonFraction unitRef="shares" contextRef="c-300" decimals="0" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" format="ixt:num-dot-decimal" scale="0" id="f-1464">119,000</ix:nonFraction>, <ix:nonFraction unitRef="shares" contextRef="c-301" decimals="0" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" format="ixt:num-dot-decimal" scale="0" id="f-1465">120,000</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="c-302" decimals="0" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" format="ixt:num-dot-decimal" scale="0" id="f-1466">160,000</ix:nonFraction> SARs that vested during the years ended July&#160;31, 2024, 2023 and 2022, respectively.&#160;These awards had total estimated fair </span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">102</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-1397-3"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">values of $<ix:nonFraction unitRef="usd" contextRef="c-300" decimals="-5" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" scale="6" id="f-1467">0.9</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-301" decimals="-5" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" scale="6" id="f-1468">0.0</ix:nonFraction> million (due to the exercise prices exceeding the market prices at the date of vesting) and $<ix:nonFraction unitRef="usd" contextRef="c-302" decimals="-5" name="us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" format="ixt:num-dot-decimal" scale="6" id="f-1469">16.2</ix:nonFraction>&#160;million at the date of vesting for the years ended July&#160;31, 2024, 2023 and 2022, respectively.</span></div><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" id="f-1470" escape="true"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of the status of the Company&#8217;s nonvested SARs as of July&#160;31, 2024 and changes during the year then ended is presented below (in thousands, except fair value amounts):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:63.812%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.443%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.445%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Awards</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Grant-Date<br/>Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2023</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-303" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" scale="3" id="f-1471">251</ix:nonFraction></span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-303" decimals="2" name="mtn:ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" scale="0" id="f-1472">62.96</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-300" decimals="-3" name="mtn:ShareBasedCompensationArrangementSarsGrantsInPeriod" scale="3" id="f-1473">181</ix:nonFraction></span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-300" decimals="2" name="mtn:ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1474">60.03</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vested</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="c-300" decimals="-3" name="mtn:ShareBasedCompensationArrangementSarsVestedInPeriod" scale="3" id="f-1475">119</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-300" decimals="2" name="mtn:ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1476">62.88</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="c-300" decimals="-3" name="mtn:ShareBasedCompensationArrangementSarsForfeitedInPeriod" scale="3" id="f-1477">60</ix:nonFraction>)</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-300" decimals="2" name="mtn:ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1478">63.21</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2024</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-304" decimals="-3" name="mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" scale="3" id="f-1479">253</ix:nonFraction></span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-304" decimals="2" name="mtn:ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" scale="0" id="f-1480">60.73</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="us-gaap:ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock" id="f-1481" escape="true"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of the status of the Company&#8217;s nonvested restricted share units as of July&#160;31, 2024 and changes during the year then ended is presented below (in thousands, except fair value amounts):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:63.760%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.469%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.471%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Awards</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Grant-Date<br/>Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2023</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-305" decimals="-3" name="mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" scale="3" id="f-1482">169</ix:nonFraction></span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-305" decimals="2" name="mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" scale="0" id="f-1483">227.87</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-306" decimals="-3" name="mtn:ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod" scale="3" id="f-1484">132</ix:nonFraction></span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-306" decimals="2" name="mtn:ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1485">204.68</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vested</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="c-306" decimals="-3" name="mtn:NumberOfRestrictedStockUnitsVestedDuringPeriod" scale="3" id="f-1486">80</ix:nonFraction>)</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-306" decimals="2" name="mtn:ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1487">232.56</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(<ix:nonFraction unitRef="shares" contextRef="c-306" decimals="-3" name="mtn:ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod" scale="3" id="f-1488">27</ix:nonFraction>)</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-306" decimals="2" name="mtn:ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1489">213.55</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2024</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="shares" contextRef="c-307" decimals="-3" name="mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" scale="3" id="f-1490">194</ix:nonFraction></span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonFraction unitRef="usdPerShare" contextRef="c-307" decimals="2" name="mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" scale="0" id="f-1491">212.14</ix:nonFraction>&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company granted <ix:nonFraction unitRef="shares" contextRef="c-306" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" format="ixt:num-dot-decimal" scale="0" id="f-1492">132,000</ix:nonFraction> restricted share units during the year ended July&#160;31, 2024 with a weighted-average grant-date estimated fair value of $<ix:nonFraction unitRef="usdPerShare" contextRef="c-306" decimals="2" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1493">204.68</ix:nonFraction>. The Company granted <ix:nonFraction unitRef="shares" contextRef="c-308" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" format="ixt:num-dot-decimal" scale="0" id="f-1494">127,000</ix:nonFraction> restricted share units during the year ended July&#160;31, 2023 with a weighted-average grant-date estimated fair value of $<ix:nonFraction unitRef="usdPerShare" contextRef="c-308" decimals="2" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1495">199.14</ix:nonFraction>. The Company granted <ix:nonFraction unitRef="shares" contextRef="c-309" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" format="ixt:num-dot-decimal" scale="0" id="f-1496">68,000</ix:nonFraction> restricted share units during the year ended July&#160;31, 2022 with a weighted-average grant-date estimated fair value of $<ix:nonFraction unitRef="usdPerShare" contextRef="c-309" decimals="2" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" scale="0" id="f-1497">336.57</ix:nonFraction>. The Company had <ix:nonFraction unitRef="shares" contextRef="c-306" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" format="ixt:num-dot-decimal" scale="0" id="f-1498">80,000</ix:nonFraction>, <ix:nonFraction unitRef="shares" contextRef="c-308" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" format="ixt:num-dot-decimal" scale="0" id="f-1499">63,000</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="c-309" decimals="INF" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" format="ixt:num-dot-decimal" scale="0" id="f-1500">68,000</ix:nonFraction> restricted share units that vested during the years ended July&#160;31, 2024, 2023 and 2022, respectively. These units had a total estimated fair value of $<ix:nonFraction unitRef="usd" contextRef="c-306" decimals="-5" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" scale="6" id="f-1501">18.4</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-308" decimals="-5" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" scale="6" id="f-1502">13.3</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-309" decimals="-5" name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" scale="6" id="f-1503">23.7</ix:nonFraction> million at the date of vesting for the years ended July&#160;31, 2024, 2023 and 2022, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, there was $<ix:nonFraction unitRef="usd" contextRef="c-4" decimals="-5" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="6" id="f-1504">33.9</ix:nonFraction> million of total unrecognized compensation expense related to nonvested share-based compensation arrangements granted under the Plan, of which $<ix:nonFraction unitRef="usd" contextRef="c-310" decimals="-5" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="6" id="f-1505">20.3</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-311" decimals="-5" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="6" id="f-1506">11.8</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-312" decimals="-5" name="us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" scale="6" id="f-1507">1.8</ix:nonFraction> million of expense is expected to be recognized in the years ending July&#160;31, 2025, 2026 and 2027, respectively, assuming no share-based awards are granted in the future or forfeited. The tax benefit realized or expected to be realized from SARs exercised and restricted stock units vested was $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions" scale="6" id="f-1508">0.8</ix:nonFraction> million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions" scale="6" id="f-1509">2.5</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions" scale="6" id="f-1510">23.0</ix:nonFraction> million for the years ended July&#160;31, 2024, 2023 and 2022, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has a policy of using either authorized and unissued shares, including shares acquired by purchase in the open market, to satisfy equity award exercises.</span></div></ix:continuation><div id="ie3b544e2e7c945e991471c5324b69364_172"></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">15.&#160;&#160;&#160;&#160;<ix:nonNumeric contextRef="c-1" name="mtn:RetirementAndProfitSharingTextBlock" id="f-1511" continuedAt="f-1511-1" escape="true">Retirement and Profit Sharing Plans</ix:nonNumeric></span></div><ix:continuation id="f-1511-1" continuedAt="f-1511-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains a defined contribution retirement plan (the &#8220;Retirement Plan&#8221;), qualified under Section&#160;401(k) of the Internal Revenue Code, for its U.S. employees. Under this Retirement Plan, U.S. employees are eligible to make before-tax contributions on the first day of the calendar month following the later of: (i)&#160;their employment commencement date or (ii)&#160;the date they turn 21. Participants may contribute&#160;up to <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="mtn:DefinedContributionPlanEmployeeContributionPercentage" scale="-2" id="f-1512">100</ix:nonFraction>%&#160;of their qualifying annual compensation up to the annual maximum specified by the Internal Revenue Code. When the Company participates in 401(k) contribution matching, it matches an amount equal to <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent" scale="-2" id="f-1513">50</ix:nonFraction>% of each participant&#8217;s contribution up to <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="mtn:DefinedContributionPlanEmployerContributionPercentage" scale="-2" id="f-1514">6</ix:nonFraction>% of a participant&#8217;s bi-weekly&#160;qualifying compensation starting the pay period containing the first day of the month after obtaining the later of: (i)&#160;<ix:nonNumeric contextRef="c-1" name="mtn:DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths" format="ixt-sec:durmonth" id="f-1515">12</ix:nonNumeric> months of employment with at least <ix:nonFraction unitRef="hour" contextRef="c-1" decimals="INF" name="mtn:DefinedContributionPlanIndividualRequisiteServicePeriodInHours" format="ixt:num-dot-decimal" scale="0" id="f-1516">1,000</ix:nonFraction> service hours from the commencement date or (ii) if 1,000 hours within the first 12 months was not completed, then after the employee completed a cumulative&#160;<ix:nonFraction unitRef="hour" contextRef="c-1" decimals="INF" name="mtn:DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours" format="ixt:num-dot-decimal" scale="0" id="f-1517">1,500</ix:nonFraction> service hours. The Company&#8217;s matching contribution is entirely discretionary and may be reduced or eliminated at any time.</span></div></ix:continuation><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">103</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><ix:continuation id="f-1511-2"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total Retirement Plan expense recognized by the Company for the years ended July&#160;31, 2024, 2023 and 2022 was $<ix:nonFraction unitRef="usd" contextRef="c-1" decimals="-5" name="us-gaap:DefinedContributionPlanCostRecognized" format="ixt:num-dot-decimal" scale="6" id="f-1518">10.8</ix:nonFraction>&#160;million, $<ix:nonFraction unitRef="usd" contextRef="c-6" decimals="-5" name="us-gaap:DefinedContributionPlanCostRecognized" scale="6" id="f-1519">9.8</ix:nonFraction> million and $<ix:nonFraction unitRef="usd" contextRef="c-7" decimals="-5" name="us-gaap:DefinedContributionPlanCostRecognized" scale="6" id="f-1520">8.5</ix:nonFraction> million, respectively.</span></div></ix:continuation><div style="text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_178"></div><div style="padding-left:72pt;text-align:justify;text-indent:-72pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 9.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:35.36pt">CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">None.</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_181"></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 9A.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:28.14pt">CONTROLS AND PROCEDURES.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Disclosure Controls and Procedures</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management of the Company, including the Chief Executive Officer (&#8220;CEO&#8221;) and Chief Financial Officer (&#8220;CFO&#8221;), have evaluated the effectiveness of the Company&#8217;s disclosure controls and procedures as of the end of the period covered by this Form 10-K. The term &#8220;disclosure controls and procedures&#8221; means controls and other procedures established by the Company that are designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC&#8217;s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Company&#8217;s management, including its CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Based upon their evaluation of the Company&#8217;s disclosure controls and procedures, the CEO and the CFO concluded that, as of the end of the period covered by this Form 10-K, the disclosure controls are effective to provide reasonable assurance that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to management, including the CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure and are effective to provide reasonable assurance that such information is recorded, processed, summarized and reported within the time periods specified by the SEC&#8217;s rules and forms.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company, including its CEO and CFO, does not expect that the Company&#8217;s controls and procedures will prevent or detect all error and all fraud. A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Management&#8217;s Annual Report on Internal Control Over Financial Reporting</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The report of management required by this item is contained in Item&#160;8. of this Form 10-K under the caption &#8220;Management&#8217;s Report on Internal Control over Financial Reporting.&#8221;</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Attestation Report of the Independent Registered Public Accounting Firm</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The attestation report required by this item is contained in Item&#160;8. of this Form 10-K under the caption &#8220;Report of Independent Registered Public Accounting Firm.&#8221;</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Changes in Internal Control Over Financial Reporting</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 2, 2024, we completed our acquisition of Crans-Montana. Crans-Montana was not previously subject to the rules and regulations promulgated under Sarbanes-Oxley and accordingly was not required to establish and maintain an internal control infrastructure meeting the standards promulgated under Sarbanes-Oxley. Our assessment of and conclusion on the effectiveness of our internal control over financial reporting as of July 31, 2024 did not include certain elements of the internal controls of Crans-Montana. This exclusion is in accordance with the Securities and Exchange Commission&#8217;s general guidance that an assessment of a recently acquired business may be omitted from our scope in the year of acquisition.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 3, 2022, we completed our acquisition of Andermatt-Sedrun. Andermatt-Sedrun was not previously subject to the rules and regulations promulgated under Sarbanes-Oxley and accordingly was not required to establish and maintain an internal control infrastructure meeting the standards promulgated under Sarbanes-Oxley. Our assessment of and conclusion on the effectiveness of our internal control over financial reporting as of July 31, 2023 did not include certain elements of the internal controls of Andermatt-Sedrun. However, as of July 31, 2024, Andermatt-Sedrun is now included within our assessment of and conclusion on the effectiveness of our internal control over financial reporting.</span></div><div style="text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">104</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Excluding Crans-Montana and Andermatt-Sedrun, there were no changes in the Company&#8217;s internal control over financial reporting during the year ended July&#160;31, 2024 that have materially affected, or are reasonably likely to materially affect, the Company&#8217;s internal control over financial reporting.</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_184"></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 9B.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:28.7pt">OTHER INFORMATION.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Director and Officer Rule 10b5-1 Trading Arrangements</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended July 31, 2024, none of the Company&#8217;s directors or &#8220;officers&#8221; (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified or terminated &#8220;Rule 10b5-1 trading arrangements&#8221; or &#8220;non-Rule 10b5-1 trading arrangements&#8221; (each as defined in Item 408 of Regulation S-K).</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_187"></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 9C.&#160;&#160;&#160;&#160;DISCLOSURE REPORTING REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Not applicable.</span></div><div style="margin-top:12pt"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_190"></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PART III</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We expect to file with the SEC in October 2024 (and, in any event, not later than 120 days after the close of our last fiscal year), a definitive Proxy Statement, pursuant to SEC Regulation 14A in connection with our Annual Meeting of Shareholders to be held in December 2024.</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_193"></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 10.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:30.36pt">DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The information required by this item is incorporated herein by reference from the Company&#8217;s definitive Proxy Statement for the 2024 annual meeting of stockholders under the sections entitled &#8220;Information with Respect to Nominees,&#8221; &#8220;Management&#8221; and &#8220;Corporate Governance.&#8221;</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_196"></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 11.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:30.36pt">EXECUTIVE COMPENSATION.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The information required by this item is incorporated herein by reference from the Company&#8217;s definitive Proxy Statement for the 2024 annual meeting of stockholders under the section entitled &#8220;Executive Compensation.&#8221;</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_199"></div><div style="padding-left:72pt;text-align:justify;text-indent:-72pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 12.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:30.36pt">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The information required by this item is incorporated herein by reference from the Company&#8217;s definitive Proxy Statement for the 2024 annual meeting of stockholders under the sections entitled &#8220;Security Ownership of Directors and Executive Officers,&#8221; &#8220;Information as to Certain Stockholders&#8221; and &#8220;Executive Compensation - Securities Authorized for Issuance under Equity Compensation Plans.&#8221;</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_202"></div><div style="padding-left:67.5pt;text-align:justify;text-indent:-67.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 13.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:25.86pt">CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The information required by this item is incorporated herein by reference from the Company&#8217;s definitive Proxy Statement for the 2024 annual meeting of stockholders under the sections entitled &#8220;Determinations Regarding Independence&#8221; and &#8220;Transactions with Related Persons.&#8221;</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">105</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_205"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 14.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:30.36pt">PRINCIPAL ACCOUNTING FEES AND SERVICES.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The information required by this item is incorporated herein by reference from the Company&#8217;s definitive Proxy Statement for the 2024 annual meeting of stockholders under the section entitled &#8220;Proposal 2. Ratification of the Selection of Independent Registered Public Accounting Firm.&#8221;</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div id="ie3b544e2e7c945e991471c5324b69364_208"></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PART IV</span></div><div id="ie3b544e2e7c945e991471c5324b69364_211"></div><div style="-sec-extract:summary;margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 15.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:30.36pt">EXHIBITS, FINANCIAL STATEMENT SCHEDULES.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">a)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:28.24pt">Index to Financial Statements.</span></div><div style="margin-top:12pt;padding-left:81pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:24.34pt">See Item 8. &#8220;Financial Statements and Supplementary Data&#8221; for the index to the Financial Statements.</span></div><div style="margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:24.34pt">Schedules have been omitted because they are not required or not applicable, or the required information is shown in the financial statements or notes to the financial statements.</span></div><div style="margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:24.34pt">See the Index to Exhibits below.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following exhibits are either filed or furnished herewith (as applicable) or, if so indicated, incorporated by reference to the documents indicated in parentheses, which have previously been filed or furnished (as applicable) with the Securities and Exchange Commission.</span></div><div style="margin-top:11pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:7.844%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:89.223%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Posted<br/>Exhibit<br/>Number</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Description</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.1</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000110465913045415/a13-13329_1ex2d1.htm">Transaction Agreement, dated as of May 24, 2013, between VR CPC Holdings, Inc. and ASC Utah LLC, Talisker Land Holdings, LLC, Talisker Canyons Lands LLC, Talisker Canyons Leaseco LLC, American Skiing Company Resort Properties LLC, Talisker Canyons Propco LLC and Talisker Canyons Finance Co LLC. (Incorporated by reference to Exhibit 2.1 on Form 8-K of Vail Resorts, Inc. filed on May 30, 2013) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.2</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201114000028/exhibit212015-q1.htm">Purchase and Sale Agreement, dated as of September 11, 2014, between VR CPC Holdings, Inc. and Greater Park City Company, Powdr Corp., Greater Properties, Inc., Park Properties, Inc. and Powdr Development Company. (Incorporated by reference to Exhibit 2.1 on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2014) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.3</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201116000098/exhibit21-arrangementagree.htm">Arrangement Agreement, dated as of August 5, 2016, between Vail Resorts, Inc., 1068877 B.C. Ltd. and Whistler Blackcomb Holdings Inc. (Incorporated by reference to Exhibit 2.1 on Form 8-K of Vail Resorts, Inc. filed on August 8, 2016) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.4</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201119000043/mergeragreement.htm">Agreement and Plan of Merger, dated as of July 20, 2019, by and among Vail Holdings, Inc., VRAD Holdings, Inc. and Peak Resorts, Inc., and solely with respect to Section 9.14, Vail Resorts, Inc. (Incorporated by reference to Exhibit 2.1 on Form 8-K of Vail Resorts, Inc. filed on July 22, 2019) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000010/exhibit3.htm">Amended and Restated Certificate of Incorporation of Vail Resorts, Inc., dated January 5, 2005. (Incorporated by reference to Exhibit 3.1 on Form 10-Q of Vail Resorts, Inc. for the quarter ended January 31, 2005)(File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000110465911068271/a11-31184_1ex3d1.htm">Certificate of Amendment of Amended and Restated Certificate of Incorporation of Vail Resorts, Inc., dated December 7, 2011. (Incorporated by reference to Exhibit 3.1 on Form 8-K of Vail Resorts, Inc. filed on December 8, 2011) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.3</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000110465916150413/a16-20037_1ex3d1.htm">Certificate of Designations of Special Voting Preferred Stock of Vail Resorts, Inc., dated October 17, 2016. (Incorporated by reference to Exhibit 3.1 on Form 8-K of Vail Resorts, Inc. filed on October 17, 2016) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.4</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201124000006/exhibit31-secondamendedand.htm">Second Amended and Restated Bylaws of Vail Resorts, Inc., dated February 2, 2024. (Incorporated by reference to Exhibit 3.1 on Form 8-K of Vail Resorts, Inc. filed on February 6, 2014) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.1</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201124000050/vailresorts-indenture2024.htm">Indenture, dated May 8, 2024, by and among Vail Resorts, Inc., the Guarantors named therein and U.S. Bank Trust Company, National Association, as Trustee (Incorporated by reference to Exhibit 4.1 of Form 8-K of Vail Resorts, Inc. filed on May 8, 2024) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.2</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201120000134/exhibit41-convertinden.htm">Indenture, dated December 18, 2020, by and between Vail Resorts, Inc. and U.S. Bank National Association, as Trustee (including the form of 0.00% Convertible Senior Note due 2026). (Incorporated by reference to Exhibit 4.1 on Form 8-K of Vail Resorts, Inc. filed on December 18, 2020) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.3</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201120000123/exhibit41descriptionof.htm">Description of Securities (Incorporated by reference to Exhibit 4.1 on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2020 (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.1</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201117000079/ex1012017-q4.htm">Forest Service Unified Permit for Heavenly ski area, dated April 29, 2002 (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">106</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:11pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:7.844%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:89.223%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Posted<br/>Exhibit<br/>Number</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Description</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2(a)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201102000023/exhibit992a.htm">Forest Service Unified Permit for Keystone ski area, dated December 30, 1996. (Incorporated by reference to Exhibit 99.2(a) on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2002) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2(b)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201102000023/exhibit992b.htm">Amendment No. 2 to Forest Service Unified Permit for Keystone ski area. (Incorporated by reference to Exhibit 99.2(b) on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2002) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2(c)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit103c.htm">Amendment No. 3 to Forest Service Unified Permit for Keystone ski area. (Incorporated by reference to Exhibit 10.3 (c) on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2(d)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit103d.htm">Amendment No. 4 to Forest Service Unified Permit for Keystone ski area. (Incorporated by reference to Exhibit 10.3 (d) on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2(e)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit103e.htm">Amendment No. 5 to Forest Service Unified Permit for Keystone ski area. (Incorporated by reference to Exhibit 10.3 (e) on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.3(a)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201102000023/exhibit993a.htm">Forest Service Unified Permit for Breckenridge ski area, dated December 31, 1996. (Incorporated by reference to Exhibit 99.3(a) on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2002) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.3(b)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201102000023/exhibit993b.htm">Amendment No. 1 to Forest Service Unified Permit for Breckenridge ski area. (Incorporated by reference to Exhibit 99.3(b) on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2002) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.3(c)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit104c.htm">Amendment No. 2 to Forest Service Unified Permit for Breckenridge ski area. (Incorporated by reference to Exhibit 10.4 (c) on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.3(d)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit104d.htm">Amendment No. 3 to Forest Service Unified Permit for Breckenridge ski area. (Incorporated by reference to Exhibit 10.4 (d) on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.3(e)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit104e.htm">Amendment No. 4 to Forest Service Unified Permit for Breckenridge ski area. (Incorporated by reference to Exhibit 10.4 (e) on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.3(f)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201106000008/exhibit104f.htm">Amendment No. 5 to Forest Service Unified Permit for Breckenridge ski area. (Incorporated by reference to Exhibit 10.4(f) on Form 10-Q of Vail Resorts, Inc. for the quarter ended January&#160;31, 2006) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.4(a)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201102000023/exhibit994a.htm">Forest Service Unified Permit for Beaver Creek ski area. (Incorporated by reference to Exhibit 99.4(a) on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2002) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.4(b)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201102000023/exhibit994b.htm">Exhibits to Forest Service Unified Permit for Beaver Creek ski area. (Incorporated by reference to Exhibit 99.4(b) on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2002) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.4(c)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit105c.htm">Amendment No. 1 to Forest Service Unified Permit for Beaver Creek ski area. (Incorporated by reference to Exhibit 10.5(c) on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.4(d)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit105d.htm">Amendment No. 2 to Forest Service Unified Permit for Beaver Creek ski area. (Incorporated by reference to Exhibit 10.5(d) on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.4(e)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit105e.htm">Amendment to Forest Service Unified Permit for Beaver Creek ski area. (Incorporated by reference to Exhibit 10.5(e) on Form 10-K of Vail Resorts, Inc. for the year ended July&#160;31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.4(f)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201108000026/exhibit10_4f.htm">Amendment No. 3 to Forest Service Unified Permit for Beaver Creek ski area. (Incorporated by reference to Exhibit 10.4(f) on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2008) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.5(a)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201102000023/exhibit995a.htm">Forest Service Unified Permit for Vail ski area, dated November 23, 1993. (Incorporated by reference to Exhibit 99.5(a) on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2002) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.5(b)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201102000023/exhibit995b.htm">Exhibits to Forest Service Unified Permit for Vail ski area. (Incorporated by reference to Exhibit 99.5(b) on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2002) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.5(c)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201102000023/exhibit995c.htm">Amendment No. 2 to Forest Service Unified Permit for Vail ski area. (Incorporated by reference to Exhibit 99.5(c) on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2002) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.5(d)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit106d.htm">Amendment No. 3 to Forest Service Unified Permit for Vail ski area. (Incorporated by reference to Exhibit 10.6 (d) on Form 10-K of Vail Resorts, Inc. for the year ended July&#160;31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.5(e)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201105000035/exhibit106e.htm">Amendment No. 4 to Forest Service Unified Permit for Vail ski area. (Incorporated by reference to Exhibit 10.6 (e) on Form 10-K of Vail Resorts, Inc. for the year ended July&#160;31, 2005) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.6*</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201109000036/exhibit99_1.htm">Vail Resorts, Inc. Amended and Restated 2002 Long Term Incentive and Share Award Plan. (Incorporated by reference to Exhibit 99.1 on Form 8-K of Vail Resorts, Inc. filed on December 10,&#160;2009) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.7*</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201109000030/exhibit10_22.htm">Vail Resorts Deferred Compensation Plan, effective as of January 1, 2005. (Incorporated by reference to Exhibit 10.22 on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2009) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.8*</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201121000128/lynchemploymentagreement.htm">Executive Employment Agreement, between Vail Resorts, Inc. and Kirsten A. Lynch effective November 1, 2021. (Incorporated by reference to Exhibit 10.1 of the report on Form 8-K of Vail Resorts, Inc. filed on November 1, 2021) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.9</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201121000118/formofindemnificationagree.htm">Form of Indemnification Agreement. (Incorporated by reference to Exhibit 10.1 of the report on Form 8-K of Vail Resorts, Inc. filed on October 13, 2021 (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.10</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000110465913045415/a13-13329_1ex10d1.htm">Master Agreement of Lease, dated May 29, 2013, between VR CPC Holdings, Inc. and Talisker Canyons Leaseco LLC. (Incorporated by reference to Exhibit 10.1 on Form 8-K of Vail Resorts, Inc. filed on May 30, 2013) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">107</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:11pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:7.844%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:89.223%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Posted<br/>Exhibit<br/>Number</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Description</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.11</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000110465913045415/a13-13329_1ex10d2.htm">Guaranty of Vail Resorts, Inc., dated May 29, 2013, in connection with the Master Agreement of Lease between VR CPC Holdings, Inc. and Talisker Canyons Leaseco LLC. (Incorporated by reference to Exhibit 10.2 on Form 8-K of Vail Resorts, Inc. filed on May 30, 2013) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.12*</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201123000062/exhibit102managementincent.htm">Vail Resorts, Inc. Management Incentive Plan (amended September 13, 2023) (Incorporated by reference to Exhibit 10.2 on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2023) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.13*</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000110465915083185/a15-24404_2ex10d1.htm">Vail Resorts, Inc. 2015 Omnibus Incentive Plan (Incorporated by reference to Exhibit 10.1 on&#160;Form 8-K&#160;of Vail Resorts, Inc. filed on December 7, 2015) (File Number 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.14*</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201120000059/exhibit1017.htm">Form of Restricted Share Unit Agreement (effective September 23, 2020) (Incorporated by reference to Exhibit 10.17 on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2020) (File Number 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.15*</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201120000059/exhibit1018.htm">Form of Share Appreciation Rights Agreement (effective September 23, 2020) (Incorporated by reference to Exhibit 10.18 on Form 10-K of Vail Resorts, Inc. for the year ended July 31, 2020) (File Number 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.16</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201124000060/exhibit101ninthamendedandr.htm">Ninth Amended and Restated Credit Agreement, dated April 24, 2024 among Vail Holdings, Inc., as borrower, Bank of America, N.A. as administrative agent, U.S. Bank National Association and Wells Fargo, National Association as co-syndication Agents, and the Lenders party thereto</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201124000060/exhibit101ninthamendedandr.htm"> (Incorporated by reference to Exh</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201124000060/exhibit101ninthamendedandr.htm">ibit 10.1 </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201124000060/exhibit101ninthamendedandr.htm">on Form 10-Q </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201124000060/exhibit101ninthamendedandr.htm">o</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201124000060/exhibit101ninthamendedandr.htm">f Vail Resorts, I</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201124000060/exhibit101ninthamendedandr.htm">nc. for the quarter ended April 30, 2024) (File No. 001-09614)</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201124000060/exhibit101ninthamendedandr.htm">.</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.17</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201123000036/whistler-secondamendedandr.htm">Second Amended and Restated Credit Agreement, dated as of April 14, 2023, among Whistler Mountain Resort Limited Partnership and Blackcomb Skiing Enterprises Limited Partnership, as borrowers, the Guarantors Party hereto, the Financial Institutions named herein, The Toronto-Dominion Bank, as administrative agent, on its own behalf and on behalf of the Lenders (Incorporated by reference to Exhibit 10.1 on Form 10-Q of Vail Resorts, Inc. for the quarter ended April 30, 2023) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.18</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201117000006/exhibit101whistlermda.htm">Whistler Mountain Master Development Agreement, dated as of February 23, 2017, between Her Majesty the Queen in Right of the Province of British Columbia and Whistler Mountain Resort Limited Partnership (Incorporated by reference to Exhibit 10.1 on Form 8-K of Vail Resorts, Inc. filed on February 27, 2017) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.19</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201117000006/exhibit102blackcombmda.htm">Blackcomb Mountain Master Development Agreement, dated as of February 23, 2017, between Her Majesty the Queen in Right of the Province of British Columbia and Blackcomb Skiing Enterprises Limited Partnership (Incorporated by reference to Exhibit 10.2 on Form 8-K of Vail Resorts, Inc. filed on February 27, 2017) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.20</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201123000062/exhibit101ryanbennettsever.htm">Form of Separation Agreement and General Release by and between Ryan Bennett and Vail Resorts, Inc</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="https://www.sec.gov/Archives/edgar/data/812011/000081201123000062/exhibit101ryanbennettsever.htm">. dated October 12, 2023 (Incorporated by reference to Exhibit 10.1 on Form 10-Q of Vail Resorts, Inc. for the quarter ended October 31, 2023) (File No. 001-09614).</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19.1</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="a5tharinsidertradingcompli.htm">Vail Resorts, Inc. Fifth Amended and Restated Insider Trading Compliance Program.</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit212024-q4.htm">Subsidiaries of Vail Resorts, Inc.</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit232024-q4.htm">Consent of Independent Registered Public Accounting Firm.</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Power of Attorney. Included on signature pages hereto.</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31.1</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit3112024-q4.htm">Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31.2</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit3122024-q4.htm">Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit322024-q4.htm">Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97.1</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="amendedexecutivecompensati.htm">Amended Executive Compensation Clawback Policy dated October 2, 2023.</a></span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.INS</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Instance Document - the instance document does not appear in the interactive data file as its XBRL tags are embedded within the inline XBRL document.</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.SCH</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Schema Document.</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.CAL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Calculation Linkbase Document.</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.DEF</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Definition Linkbase Document.</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.LAB</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Label Linkbase Document.</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101.PRE</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">XBRL Taxonomy Extension Presentation Linkbase Document.</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The cover page from this Annual Report on Form 10-K, formatted in inline XBRL.</span></td><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">*Management contracts and compensatory plans and arrangements.</span></div><div style="margin-top:5pt;text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">108</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_214"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ITEM 16.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:30.36pt">FORM 10-K SUMMARY.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">None.</span></div><div style="margin-top:12pt;text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">109</span></div></div></div><div id="ie3b544e2e7c945e991471c5324b69364_217"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of Section&#160;13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</span></div><div style="margin-top:11pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:87.134%"><tr><td style="width:1.0%"/><td style="width:41.853%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.597%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:51.250%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date: September&#160;26, 2024</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vail Resorts, Inc.</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Angela A. Korch</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Angela A. Korch</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President and <br/>Chief Financial Officer<br/>(Principal Financial Officer)</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date: September&#160;26, 2024</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vail Resorts, Inc.</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Nathan Gronberg</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nathan Gronberg</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vice President, Controller and <br/>Chief Accounting Officer<br/>(Principal Accounting Officer)</span></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">POWER OF ATTORNEY</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Each person whose signature appears below hereby constitutes and appoints Angela A. Korch or Nathan Gronberg his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments or supplements to this Form 10-K and to file the same with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing necessary or appropriate to be done with this Form 10-K and any amendments or supplements hereto, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated on September&#160;26, 2024.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">110</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-top:9pt"><span><br/></span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.005%"><tr><td style="width:1.0%"/><td style="width:44.934%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:52.866%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Kirsten A. Lynch</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Executive Officer</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Kirsten A. Lynch</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Principal Executive Officer)</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Angela A. Korch</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President and Chief Financial Officer</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Angela A. Korch</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Principal Financial Officer)</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Nathan Gronberg</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vice President, Controller and Chief Accounting Officer</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nathan Gronberg</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Principal Accounting Officer)</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Robert A. Katz</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Chairperson of the Board</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Robert A. Katz</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Reginald Chambers</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reginald Chambers</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Susan L. Decker</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Susan L. Decker</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Iris Knobloch</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Iris Knobloch</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Nadia Rawlinson</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nadia Rawlinson</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ John T. Redmond</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">John T. Redmond</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Michele Romanow</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Michele Romanow</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Hilary A. Schneider</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Hilary A. Schneider</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ D. Bruce Sewell</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">D. Bruce Sewell</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ John F. Sorte</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">John F. Sorte</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Peter A. Vaughn</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Peter A. Vaughn</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</span></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">111</span></div></div></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-19.1
<SEQUENCE>2
<FILENAME>a5tharinsidertradingcompli.htm
<DESCRIPTION>FIFTH AMENDED AND RESTATED INSIDER TRADING COMPLIANCE PROGRAM
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="ia9f1474bb4074960961b96e2ba0081f2_35"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 19.1</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Effective Date&#58; 12&#47;08&#47;2020</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">FIFTH AMENDED AND RESTATED</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">INSIDER TRADING COMPLIANCE PROGRAM</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">______________________________________________________________________</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">In order to take an active role in the prevention of insider trading violations by its officers, directors, employees and other related individuals, Vail Resorts, Inc. and its subsidiaries (collectively, the &#8220;Company&#8221;) has adopted the policies and procedures described in this Insider Trading Compliance Program (the &#8220;Policy&#8221;). The Company has adopted the policies set forth below, which prohibit trading based on material, nonpublic information regarding the Company (&#8220;Material Nonpublic Information&#8221; or &#8220;MNPI&#8221;). The Company opposes the unauthorized disclosure of any nonpublic information acquired in the work-place and the misuse of Material Nonpublic Information in securities trading. Any such actions will be deemed violations of the Policy and can lead to immediate termination of employment with the Company, as well as potential civil liability and criminal prosecution.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">A. Inquiries</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">When in doubt about a matter covered in this Policy, or if you have any questions, please contact the Company&#8217;s General Counsel.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">B. Persons to Whom the Policy Applies</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">This Policy, and its prohibition on trading based on Material Nonpublic Information, applies to </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">all</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> employees and members of the Board of Directors of the Company. The Company may also determine that other persons should be subject to this Policy, such as contractors or consultants who have access to Material Nonpublic Information. Family members who reside with a person listed above (including a spouse, a child, a child away at college, stepchildren, grandchildren, parents, stepparents, grandparents, siblings and in-laws), anyone else who lives in such person&#8217;s household, and any family members who do not live in such person&#8217;s household but whose transactions in Company Securities are directed by such person or are subject to such person&#8217;s influence or control, such as parents or children who consult with such person before they trade in Company Securities (collectively referred to as &#8220;Family Members&#8221;) are also covered by the Policy (together with all employees and members of the Board of Directors, &#8220;Covered Persons&#8221;).</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">In addition, the Policy imposes certain additional restrictions on the group of persons</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">listed below (collectively, &#8220;Insiders&#8221;)&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Members of the Board of Directors&#59;</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Executive officers and other appointed corporate officers&#59;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Members of the Company&#8217;s internal executive committee (the &#8220;Executive Committee&#8221;)&#59; and</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Grade 27+ employees.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Please review each provision of this Policy carefully to determine whether it applies to you.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">C. Transactions to Which the Policy Applies</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">This Policy applies to all transactions in the Company&#8217;s securities, including common stock, options for common stock, stock appreciation rights, restricted stock, restricted stock units and any other securities the Company may issue from time to time, such as preferred stock, warrants, debt securities and convertible debentures, as well as to derivative securities relating to the Company&#8217;s stock, whether or not issued by the Company, such as exchange-traded options (collectively, the &#8220;Securities&#8221; and each, a &#8220;Security&#8221;). It is the general policy of the Company that no Covered Person shall misuse, intentionally or unintentionally, Material Nonpublic Information in connection with the Covered Person&#8217;s relationship with the Company.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">The Policy requires that&#58;</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;padding-left:13.8pt">all Insiders shall be prohibited from trading or offering to purchase, sell, gift or donate any Securities of the Company except during the period that begins at the open of market on the first Trading Day (as defined below) following one full Trading Day after the date of public disclosure of the Company&#8217;s financial results for a particular fiscal quarter or year and ends at the close of trading ten (10) Trading Days later (or, if such day is not a Trading Day, the next Trading Day thereafter)&#59;</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;padding-left:13.8pt">any Insider or other Covered Person as may be designated by senior management may be subject to special blackout periods during which certain Insiders will be prohibited from trading any Securities of the Company, even though the Trading Window would otherwise be open&#59;</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;padding-left:13.8pt">no Insider may engage in short sales or in any hedging or similar transaction that is designed to directly hedge or offset any decrease in the market value of the Company&#8217;s Securities, including through the use or purchase of derivatives or other financial instruments, which includes, but is not limited to, trading in put or call options, collar transactions, prepaid variable forward contracts, equity swaps or exchange funds&#59;</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;padding-left:13.8pt">no Insider may hold Securities of the Company in a margin account or pledge Securities of the Company as collateral for a loan&#59; and</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;padding-left:13.8pt">executive officers, members of the Executive Committee and members of the Board of Directors must pre-clear </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">all</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> trading activity, including during a Trading Window.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">More specifically, the Company has adopted the following policies&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">1. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Trading on Material Nonpublic Information.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(a) No Covered Person shall engage in any transaction involving a purchase, sale, gift or donation of the Company&#8217;s Securities, including any offer to purchase or offer to sell, during any period commencing with the date that he or she is aware of or possesses Material Nonpublic Information concerning the Company, and ending at the open of market on the first Trading Day following one full Trading Day after the date of public disclosure of that information, or at such time as such Material Nonpublic Information is no longer material. As used herein, the term &#8220;Trading Day&#8221; shall mean a day on which the New York Stock Exchange and The Nasdaq Stock Market are open for trading. A &#8220;Trading Day&#8221; begins at the time trading begins on such day. This restriction on trading does not apply to transactions made under a trading plan adopted pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) and approved by the Company (an &#8220;Approved Rule 10b5-1 Trading Plan&#8221;) or other exempted transactions set forth in Section 2(d) of the Policy. Rule 10b5-1 trading plans, along with the required approval process for such plans, are described in Section G of this Policy.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(b) Pursuant to federal and state securities laws, a Covered Person may be subject to (i) a civil penalty of up to three times the profit gained or loss avoided plus disgorgement of any profit realized, (ii) a criminal fine of up to $5,000,000 (no matter how small the profit) and (iii) up to 20 years in jail for engaging in transactions in the Company&#8217;s Securities at a time when he or she has knowledge of Material Nonpublic Information regarding the Company.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(c) A Covered Person may also be liable for improper transactions by any person (commonly referred to as a &#8220;tippee&#8221;) to whom he or she has disclosed Material Nonpublic Information regarding the Company or to whom he or she has made recommendations or expressed opinions on the basis of such information as to trading in the Company&#8217;s Securities. The Securities and Exchange Commission (the &#8220;SEC&#8221;), the stock exchanges and the National Association of Securities Dealers, Inc. use sophisticated electronic surveillance techniques to uncover insider trading.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(d) No Covered Person shall disclose (&#8220;tip&#8221;) Material Nonpublic Information to any other person (including co-workers (except to the extent that person requires the information to perform his or her duties), customers, suppliers and friends and Family Members). This includes disclosure through &#8220;anonymous&#8221; communications online and elsewhere and via any social media sites. Penalties and disciplinary actions for revealing any Material Nonpublic Information can be imposed whether or not any person trades on the basis of such information. In addition, no Covered Person or related person shall make recommendations or express opinions on the basis of Material Nonpublic Information as to trading in the Company&#8217;s Securities.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">2. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Blackout Period and Trading Window.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Any period during which Insiders are prohibited from trading is referred to herein as a &#8220;blackout period.&#8221; A &#8220;blackout period&#8221; is a </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">particularly sensitive period of time for transactions in the Company&#8217;s Securities from the perspective of compliance with applicable securities laws. This sensitivity is due to the fact that many Insiders will, during that period, often be aware of or possess Material Nonpublic Information.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(a) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Quarterly Trading Window. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">To ensure compliance with this Policy and applicable federal and state securities laws, the Company requires that all Insiders refrain from conducting transactions involving the purchase or sale of the Company&#8217;s securities other than during the period that begins at the opening of market on the first Trading Day following one full Trading Day after the date of public disclosure of the Company&#8217;s financial results for a particular fiscal quarter or year and ends at the close of trading on the tenth (10th) Trading Day thereafter (or, if such tenth day is not a Trading Day, the next Trading Day thereafter (the &#8220;Trading Window&#8221;) so that the Trading Window is open for a total of ten (10) Trading Days. The restriction on all trades made outside the Trading Window includes restrictions on Cashless Exercises (as defined below), but does not apply to transactions made under an Approved Rule 10b5-1 Trading Plan or other exempted transactions set forth in Section 2(d) of the Policy.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(b) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Special Blackout Periods during Trading Windows.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> From time to time, the Company may prohibit some or all Insiders or other employees as may designated by senior management from trading in Securities of the Company during a Trading Window because of material developments known to the Company and Insiders and not yet disclosed to the public. In such event, no Insider may engage in any transaction involving the purchase or sale of the Company&#8217;s Securities and no Insider shall disclose to others the existence of the special blackout period. This restriction on trading does not apply to transactions made under an Approved Rule 10b5-1 Trading Plan or other exempted transactions set forth in Section 2(d) of the Policy. The Company will re-open the Trading Window at the open of market on the first Trading Day following&#58; (i) one full Trading Day after the date of public disclosure of the information or (ii) that date on which the Company determines that the information is no longer material.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">&#91;EXAMPLE&#58; By way of illustration only, if the Company releases its quarterly financial results or other Material Nonpublic Information </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">before</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%"> the market opens on a Thursday, then the Trading Window shall open at the beginning of market on Friday, the following day, since one full Trading Day (Thursday) has passed. However, if the Company releases its quarterly financial results or other Material Nonpublic Information </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">after</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%"> the market closes on a Thursday, then the Trading Window shall open at the beginning of market on Monday, and Friday would constitute the one full Trading Day required prior to opening the Trading Window.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">EXAMPLE&#58; For further illustration and for clarification purposes only, if the Company releases earnings on Thursday, May 1, at 6&#58;00a.m., which is before the market opens, then the Trading Window will open on Friday, May 2, at the opening of market. The Trading Window will then close on the 10th Trading Day thereafter, which in this example, would be Thursday, May 15.&#93;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(c) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">No Trading on Material Nonpublic Information at Any Time.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">It should be noted that even during a Trading Window, any Covered Person who is aware of or possesses Material Nonpublic Information concerning the Company should not engage in any transactions in the Company&#8217;s Securities until such information has been known publicly for at least one full Trading Day after the date of public disclosure. This restriction does not apply to transactions made under an Approved Rule 10b5-1 Trading Plan or other exempted transactions set forth in Section 2(d) of the Policy. Trading in the Company&#8217;s Securities during the Trading Window should </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">not</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> be considered a &#8220;safe harbor,&#8221; and all Covered Persons should use good judgment at all times.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(d) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Certain Exceptions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Notwithstanding the provisions of the Policy, a Covered person may engage in transactions made pursuant to an Approved Rule 10b5-1 Trading</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Plan while in possession of Material Nonpublic Information or during a closed Trading Window.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:108pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(e) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Post-Termination Transactions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> This Policy continues to apply to transactions in Company securities even after an employee, officer or director has resigned or terminated employment. If a person who resigns or separates from the Company is in possession of Material Nonpublic Information at that time, he or she may not trade in Company securities until that information has become public or is no longer material. Additionally, subject to management&#8217;s discretion, any Insider who resigns or separates from the Company during a blackout period shall remain blacked out for a period that ends on the earlier of (i) the commencement of the next open Trading Window, or (ii) 30 days from the date of separation from the Company.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">3. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Short Sales and Other Derivatives.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> To ensure compliance with this Policy and applicable federal and state securities laws, the Company requires that all Insiders refrain from conducting short sales (the sale of securities not owned by the seller or, if owned, not delivered against such sale) or investing in other derivatives of the Company&#8217;s Securities at any time. Short sales and investing in other derivatives of the Company&#8217;s Securities, including put and call options, collar transactions or other hedging transactions, are prohibited by this Policy even when the Trading Window is open.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">4. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Margin Accounts and Pledging Securities as Collateral for a Loan. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Securities held in a margin account or pledged as collateral for a loan may be sold without the employee&#8217;s or director&#8217;s consent if such person fails to meet a margin call or by the lender in foreclosure if such person defaults on a loan. A margin or foreclosure sale that occurs when the Covered Person is aware of or possesses Material Nonpublic Information may, under some circumstances, result in unlawful insider trading. Because of this danger, Covered Persons are prohibited from holding Company Securities in a margin account or pledging Company Securities as collateral for a loan.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">5. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Determining what is Material Nonpublic Information.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Nonpublic information is information that has not been previously disclosed to the general public and is otherwise not available to the general public. Information is considered to be public only when it has been released to the public through appropriate channels and enough time has elapsed to permit the </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">investment market to absorb and evaluate the information. Nonpublic information relating to the Company is the property of the Company and the unauthorized disclosure of such information is forbidden.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">It is not possible to define all categories of material information. However, information should be regarded as material if there is a reasonable likelihood that it would be considered important to an investor in making an investment decision (i.e. whether to buy, sell or hold) regarding the Company&#8217;s Securities or if it would have a significant effect on the price of the Company&#8217;s Securities. The Company strongly suggests that any questions as to the materiality of nonpublic information be resolved conservatively, in favor of the information being material. If a person is ever in doubt as to whether information they possess is material and nonpublic, such person should consult with the General Counsel.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">While it may be difficult under this standard to determine whether particular information is material, there are various categories of information that are particularly sensitive and, as a general rule, should always be considered material. Examples of such information may include&#58;</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Annual or quarterly financial results or projections, including earnings guidance or projections regarding revenues, skier visits, bookings or reservation trends</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Known but unannounced future earnings or losses or internal forecasts that differ substantially from industry trends or Company guidance or projections</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Execution or termination of significant contracts</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">News of a pending or proposed merger or other acquisition, joint venture or divestiture</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">News of the disposition, construction or acquisition of significant assets</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Borrowings of significant amounts of funds, liquidity problems or information regarding an impending bankruptcy</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Changes in dividend policy, impending stock splits or changes in the Company&#8217;s capital structure</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">New equity or debt offerings</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Positive or negative developments regarding threatened or outstanding litigation or government investigations</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Significant litigation exposure due to actual or threatened litigation</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Major cybersecurity incidents that arise to significant enterprise level risk</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Significant changes in senior management</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:13.8pt">Major marketing plans or major price or product changes</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Information may be material, regardless of whether it is positive or negative.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">6. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Mandatory Pre-Notification of Trades.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The Company has determined that all executive officers, members of the Executive Committee and members of the Board of Directors and certain other persons identified by the Company from time to time and who have been notified that they have been so identified must refrain from trading in the Company&#8217;s Securities (including any gifts or donations of Company Securities), </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">even during the Trading Window</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">, without first complying with the Company&#8217;s &#8220;pre-notification&#8221; and Trading Authorization Request process. Each such person must provide prior notice of any trades to the CEO (in the case of the CEO, to the Chair of the Compensation Committee) and complete and submit a Trading Authorization Request Form to the Company&#8217;s General Counsel prior to commencing any trade in the Company&#8217;s Securities. Additionally, any employee who desires to complete a cashless exercise of stock appreciation rights (e.g. an exercise without a concurrent sale or donation of the net shares received) (a &#8220;Cashless Exercise&#8221;) during a Trading Window, prior to</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">commencing such transaction, the employee should discuss the transaction in detail with the CEO (in the case of the CEO, with the Chair of the Compensation Committee), outlining the rationale for the proposed transaction. Although a person wishing to trade pursuant to an Approved Rule 10b5-1 Trading Plan need not seek pre-clearance from the Company&#8217;s General Counsel before each trade takes place, such person must obtain Company approval of that person&#8217;s proposed Rule 10b5-1 trading plan before it is adopted or amended.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">7. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Notification of Trades.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Each executive officer, member of the Executive Committee or member of the Board of Directors (including Family Members) must ensure that his or her broker provides the Company with detailed information (trade date, number of shares, exact price) regarding every transaction involving the Company&#8217;s Securities, including gifts, transfers, pledges and all Rule 10b5-1 transactions, immediately following execution.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">8. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Individual Responsibility.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Every Covered Person has the individual responsibility to comply with this Policy. A Covered Person may, from time to time, have to forego a proposed transaction in the Company&#8217;s Securities even if he or she planned to make the transaction before learning of the Material Nonpublic Information and even though such person believes he or she may suffer an economic loss or forego anticipated profit by waiting.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">9. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Transactions by Family Members and Others.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> This Policy applies to your Family Members (as defined above). You are responsible for the transactions of these other persons and therefore should make them aware of the need to confer with you before they trade in Company Securities, and you should treat all such transactions for the purposes of this Policy and applicable securities laws as if the transactions were for your own account. This Policy does not, however, apply to personal securities transactions of Family Members where the purchase or sale decision is made by a third party not controlled by, influenced by or related to you or your Family Members.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">10. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Transactions by Entities That You Influence or Control.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> This Policy applies to any entities that you influence or control, including any corporations, limited liability companies, partnerships or trusts (collectively referred to as &#8220;Controlled Entities&#8221;), and </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">transactions by these Controlled Entities should be treated for the purposes of this Policy and applicable securities laws as if they were for your own account.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">D. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Violations of the Policy.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Any person subject to the Policy who violates this Policy shall also be subject to disciplinary action by the Company, which may include ineligibility for future participation in the Company&#8217;s equity incentive plans or termination of employment or service on the Board of Directors, and potentially to civil and criminal penalties. The Board of Directors of the Company (in the case of members of the Board of Directors or the Executive Committee) and the CEO of the Company (in the case of any other employee of the Company) shall determine the penalty for a given violation of the Policy in its sole discretion.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">E. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Priority of Statutory or Regulatory Trading Restrictions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> The trading prohibitions set forth in this Policy will be superseded by any greater prohibitions or restrictions prescribed by federal or state securities laws and regulations (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:120%">e.g.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">, short-swing trading by Insiders under the Exchange Act or restrictions on the sale of securities subject to Rule 144 under the Securities Act of 1933). Any person who is uncertain whether other prohibitions or restrictions apply should consult the General Counsel or his or her own legal counsel.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">F. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Trading Restrictions on Non-Company Securities.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> This Policy and the guidelines described herein also apply to Material Nonpublic Information relating to other companies, including the Company&#8217;s distributors, vendors or suppliers (&#8220;Business Partners&#8221;), when that information is obtained in the course of employment with or other services performed on behalf of the Company. Civil and criminal penalties and&#47;or termination of employment may result from trading on inside information regarding the Company&#8217;s Business Partners. All Covered Persons should treat Material Nonpublic Information about the Company&#8217;s Business Partners with the  same care required with respect to information related directly to the Company. Accordingly, no Covered Person may trade the securities of (or share information regarding) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">other</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> companies if such person becomes aware of Material Nonpublic Information about those companies during the course of his or her employment with or other services performed on behalf of at the Company. It is unlawful to use such Material Nonpublic Information to trade securities of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">either</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> the Company or the other company until one full Trading Day after the date such information is </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">G. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Rule 10b5-1 Trading Plans.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Rule 10b5-1 permits Insiders to implement prearranged securities trading programs without running afoul of insider trading rules if certain requirements are met. Insiders can establish arrangements or programs to sell or purchase Securities of the Company, even during the &#8220;blackout periods&#8221; imposed by this Policy, and even though the Insider may possess Material Nonpublic Information at the time of the trade. Please note, however, that there are numerous restrictions associated with arrangements complying with the Rule 10b5-1 and that </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">all plans, arrangements or instructions must be approved by the Company&#8217;s General Counsel.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>3
<FILENAME>exhibit212024-q4.htm
<DESCRIPTION>SUBSIDIARIES OF VAIL RESORTS, INC.
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i3955f055e530411cb40212514de5b441_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%">Exhibit 21</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%">SUBSIDIARIES </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.47pt;font-weight:700;line-height:174%;position:relative;top:-3.48pt;vertical-align:baseline">1</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%">OF</font></div><div style="margin-bottom:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:112%">VAIL RESORTS, INC</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">.</font></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">NAME</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">STATE OF INCORPORATION&#47; FORMATION</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">DOING BUSINESS AS</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">1016563 B.C. Ltd.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1089881 B.C. Ltd.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">17402 HIDDEN VALLEY, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Missouri</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">2006 CIMARRON, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">AFFINITY SNOWSPORTS INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ALL MEDIA ASSOCIATES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">California</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ALL MEDIA HOLDINGS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ANDERMATT SEDRUN SPORT A.G.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Switzerland</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">AQUIA PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ARRABELLE AT VAIL SQUARE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">AUSTRALIAN ALPINE ENTERPRISES HOLDINGS PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">AUSTRALIAN ALPINE ENTERPRISES PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">AUSTRALIAN ALPINE RESERVATION CENTRES PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BBJFLQ, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pennsylvania</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BCRP, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BEAVER CREEK ASSOCIATES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEANO AT BEAVER CREEK</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAR TRAP AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BUCKBOARD AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">DALLY AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">FLATTOPS AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GOLD DUST AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GOSHAWK AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GOSHAWK GLADE AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GRAND TRAVERSE AT BEAVER CREEK, INC</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">HAY MEADOW AT BEAVER CREEK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LATIGO AT BEAVER CREEK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MCCOY PARK AT BEAVER CREEK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PINEY AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RED BUFFALO AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RED TAIL AT BEAVER CREEK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SALT LICK AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SHEEPHORN AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SPRUCE SADDLE RESTAURANT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">STEP ONE, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">STONE CREEK SWITCHBACK AT BEAVER CREEK, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">STRAWBERRY PARK AT BEAVER CREEK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">STUMP PARK AT BEAVER CREEK, INC.</font></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BEAVER CREEK CONSULTANTS, INC.</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BEAVER CREEK FOOD SERVICES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BACHELOR GULCH CLUB</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEANO&#8217;S CABIN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREPES AND COOKIES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CANDY CABIN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GUNDER&#8217;S</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TALONS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WHITE CARPET CLUB</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BLACK DIAMOND INSURANCE, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Arizona</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BLACKCOMB MOUNTAIN DEVELOPMENT LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BLACKCOMB SKIING ENTERPRISES LIMITED PARTNERSHIP</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BLACKCOMB SKIING ENTERPRISES LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BLC OPERATORS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pennsylvania</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BOOTH CREEK SKI HOLDINGS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BOSTON MILLS SKI RESORT, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Ohio</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BOSTON MILLS SKI RESORT</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BOULDER VIEW TAVERN, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pennsylvania</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BRANDYWINE SKI RESORT, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Ohio</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BRECKENRIDGE HOTEL MANAGEMENT COMPANY, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BRECKENRIDGE RESORT PROPERTIES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECKENRIDGE RESORT PROPERTIES</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL RESORTS PROPERTY MANAGEMENT</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BRECKENRIDGE TERRACE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CARINTHIA GROUP 1, LP</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CARINTHIA GROUP 2, LP</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CARINTHIA RESIDENTIAL PHASE 1, LP</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CARINTHIA SKI LODGE LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CB COMMERCIAL PROPERTIES &#8216;07, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COLORADO MOUNTAIN EXPRESS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CME    </font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CME DESTINATIONS WEST  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CME PARTNERS  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CME PREMIER</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CMECOUPONS  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CMECOUPONS.COM                                 </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COLORADO MOUNTAIN EXPRESS  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">DESTINATIONS WEST  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EPIC MOUNTAIN EXPRESS  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GO CME  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GO COLORADO MOUNTAIN EXPRESS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PREMIER VIP TRANSPORTATION  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RESORT EXPRESS  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN ART GUIDE  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN DINING GUIDE  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SKIER&#8217;S CONNECTION </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TRANSPORTATION MANAGEMENT SYSTEMS  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WHEELS OF FORTUNE  </font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">COLTER BAY CONVENIENCE STORE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">COLTER BAY GENERAL STORE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CRANS-MONTANA FOOD AND BEVERAGE SA</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Switzerland</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CRESTED BUTTE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ATMOSPHERE</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BUTTE 66</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BUTTE 66 BBQ ROADHOUSE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CAMP CB</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CB CONFERENCE SERVICES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CB MOUNTAIN SCHOOL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CBMR LIFT TICKETS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CBMR PROPERTIES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CBMR SKI AND RIDE SCHOOL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CBMR WHOLESALE DEPARTMENT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COAL BREAKERS &#8211; CRESTED BUTTE MOUNTAIN RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRESTED BUTTE DEVELOPMENT CORPORATION</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRESTED BUTTE MOUNTAIN BIKE PARK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRESTED BUTTE MOUNTAIN RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRESTED BUTTE RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRESTED BUTTE SKI AREA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRESTED BUTTE SKI RENTAL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRESTED BUTTE TRAVEL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRESTED BUTTE VACATIONS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRESTED BUTTE WHOLESALE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ELEVATION RETAIL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GENERAL STORE &#8211; CBMR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GRAND LODGE HOTEL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GRAND LODGE RETAIL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">HALL OF FAME BAR &#38; GRILL </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ICE BAR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">JEFE&#8217;S RESTAURANT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KIDS WORLD &#8211; CBMR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LODGE AT MOUNTAINEER SQUARE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LOGO&#8217;D AT CB</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNTAIN ADVENTURES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">OUTPOST CBMR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">OUTPOST&#8212;CBMR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARADISE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RESORT COMMUNICATIONS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RUSTICA CBMR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RUSTICA&#8212;CBMR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TEN PEAKS RESTAURANT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THIN AIR SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TRACKERS &#8211; CBMR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TREASURY CENTER RENTALS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ULEY&#8217;S CABIN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WHITE ROOM</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WOODSTONE GRILL</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CROTCHED MOUNTAIN PROPERTIES, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">New Hampshire</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CRYSTAL PEAK LODGE OF BRECKENRIDGE, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRYSTAL PEAK LODGE</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">DELTRECS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Ohio</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">DTPC, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">DT PARK CITY HOTEL</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">INTELLIGENTSIA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROOTS GRILL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VERTICAL LOUNGE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">YARROW HOTEL</font></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">EVER VAIL, LLC</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FALLS CREEK SKI LIFTS PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FIRST CHAIR HOUSING TRUSTEE LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FLAGG RANCH COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FOREST RIDGE HOLDINGS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FROSTY LAND, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">New York</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GARIBALDI LIFTS LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GILLETT BROADCASTING, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GORE CREEK PLACE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GRAND TETON LODGE COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GREAT NORTH REGIONAL CENTER, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GREATER PARK CITY COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Utah</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ALPINE SLIDE</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">APRES SKI CLUB</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BASE AREA CAFETERIA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GREATER PARK CITY CORPORATION</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KINDERSCHULE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNTAIN LOGO</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK CITY MOUNTAIN RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK CITY MOUNTAIN RESORT RENTAL SHOP</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK CITY SKI AREA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK CITY SKI CORPORATION</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RUSTY NAIL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SILVER PUTT PARK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">STEEPS RESTAURANT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE SNOW HUT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE SUMMIT HOUSE</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GREATER PROPERTIES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GROS VENTRE UTILITY COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HEAVENLY VALLEY, LIMITED PARTNERSHIP</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Nevada</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">HEAVENLY MOUNTAIN RESORT</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KIRKWOOD INN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KIRKWOOD MOUNTAIN RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KIRKWOOD SERVICE CENTER</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HIDDEN VALLEY GOLF AND SKI, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Missouri</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">HIDDEN VALLEY SKI AREA</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HPK, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HUNKIDORI LAND COMPANY, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HUNTER MOUNTAIN ACQUISITION, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Missouri</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HUNTER MOUNTAIN BASE LODGE, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">New York</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HUNTER MOUNTAIN FESTIVALS, LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">New York</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HUNTER MOUNTAIN RENTALS, LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">New York</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HUNTER MOUNTAIN SKI BOWL, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">New York</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HUNTER RESORT VACATIONS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">New York</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HVLP KIRKWOOD SERVICES, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">California</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">JACKSON HOLE GOLF AND TENNIS CLUB, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">JACKSON LAKE LODGE CORPORATION</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">JENNY LAKE LODGE, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">JENNY LAKE STORE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">JFBB LQ, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pennsylvania</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">JFBB SKI AREAS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Missouri</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">JACK FROST BIG BOULDER</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">JHL&#38;S LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">KEYSTONE CONFERENCE SERVICES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">KEYSTONE DEVELOPMENT SALES, INC.</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">KEYSTONE FOOD &#38; BEVERAGE COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9280&#8217;</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ALPENTOP DELI</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">DERCUM SQUARE ICE RINK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE CONFERENCE CENTER CORPORATION</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE CORPORATE CENTER CORPORATION</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE LODGE &#38; SPA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MINER&#8217;S CART</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ONE SKI HILL PLACE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PIONEER CROSSING</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SEVENS RESTAURANT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SNOW DRIFTER</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE CROW&#8217;S NEST</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE LOBBY BAR AT RIVER MOUNTAIN LODGE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE OVERLOOK</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">KEYSTONE RANCH WATER COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">KEYSTONE RESORT PROPERTY MANAGEMENT COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE CENTRAL RESERVATIONS</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE MOUNTAIN RESERVATIONS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE PROPERTY MANAGEMENT</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">KEYSTONE&#47;INTRAWEST, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">KEYSTONE REAL ESTATE DEVELOPMENTS</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">KEYSTONE&#47;INTRAWEST REAL ESTATE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">LA POSADA BEVERAGE SERVICE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">LAKE TAHOE LODGING COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt;text-indent:3pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">LBO HOLDING, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Maine</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ATTITASH</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ATTITASH BEAR PEAK RESORT </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ATTITASH GRAND SUMMIT HOTEL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ATTITASH MOUNTAIN RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ATTITASH RESORT</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">LODGE PROPERTIES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE LODGE AT VAIL</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">LODGE REALTY, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MAD RIVER MOUNTAIN, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Missouri</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MHSC DP PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MHSC HOTELS PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MHSC PROPERTIES PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MHSC TRANSPORTATION SERVICES PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MOUNT HOTHAM MANAGEMENT AND RESERVATION PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MOUNT HOTHAM SKIING COMPANY PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MOUNT SNOW DEVELOP AND BUILD LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MOUNT SNOW GP SERVICES, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MOUNTAIN THUNDER, INC.</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MOUNT SNOW LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1900&#8217; BURGER</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BLUEBIRD EXPRESS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CARINTHIA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CARINTHIA LODGE </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CARINTHIA MOUNT SNOW</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CARINTHIA PARKS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNT SNOW BIKE PARK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNT SNOW BLUEBIRD EXPRESS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNT SNOW CHILD CARE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNT SNOW REALTY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNT SNOW SKI AREA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNT SNOW SKI RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNT SNOW SKI SHOP</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NATURESPA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">STATION TAP ROOM</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MT CB REAL ESTATE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">NATIONAL PARK HOSPITALITY COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">NORTHSTAR GROUP COMMERCIAL PROPERTIES, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">NORTHSTAR GROUP RESTAURANT PROPERTIES, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">OKEMO LIMITED LIABILITY COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">OKEMO MOUNTAIN RESORT</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">OKEMO MOUNTAIN SKI RENTAL AND REPAIR </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;SHOP</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">OKEMO RENTAL SERVICE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">OKEMO SKI AND RIDE SCHOOL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">OKEMO VALLEY NORDIC CENTER</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">OKEMO VALLEY GOLF ACADEMY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SNOW STARS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SNOW TRACKS LEARNING CENTER</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE ICE HOUSE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE MEETING HOUSE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE OKEMO DIFFERENCE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE SPA AT OKEMO</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE SPORTS CENTER AT OKEMO</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE TOLL GATE GARDEN</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">OKEMO MOUNTAIN FOOD AND BEVERAGE, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">43 NORTH</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EPIC</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">JACKSON GORE INN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">OKEMO TAP HOUSE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROBIN&#8217;S ROOST</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SIENA AT JACKSON GORE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SKY BAR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SMOKEY JOE&#8217;S GRILL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SUGAR HOUSE AT OKEMO</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE COLEMAN BROOK TAVERN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE CORNER STORE AT JACKSON GORE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE INN AT JACKSON GORE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE SITTING BULL LOUNGE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VERMONT PIZZA AT OKEMO</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WILLIE DUNN&#8217;S GRILLE</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ONE RIVER RUN, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ONE SKI HILL PLACE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">PAOLI PEAKS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Missouri</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">PARK PROPERTIES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">PEAK TO CREEK HOLDINGS CORP.</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">PEAK TO CREEK LODGING COMPANY LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">LODGING OVATIONS</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">PEAK RESORTS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Missouri</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">PERISHER BLUE PTY LIMITED</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">PROPERTY MANAGEMENT ACQUISITION CORP., INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN RESORT LODGING COMPANY</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">RCR VAIL, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN RESIDENCES, LLC</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">REMONT&#201;ES M&#201;CANIQUES CRANS MONTANA AMINONA SA</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Switzerland</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt;text-indent:3pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS ARRABELLE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS CORDILLERA LODGE COMPANY, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS COSTA RICA S.R.L.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Costa Rica</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS DR, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS EQUINOX, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS HOTEL JEROME, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS INTERNATIONAL, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS INTERNATIONAL MANAGEMENT COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS JAMAICA LIMITED</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Jamaica</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS SKI TIP, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS (ST. LUCIA) INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">St. Lucia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS THIRD TURTLE, LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Turks &#38; Caicos Islands</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS WYOMING, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ROCKRESORTS, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SKI LIBERTY OPERATING CORP.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pennsylvania</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SKI ROUNDTOP OPERATING CORP.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pennsylvania</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SLIFER SMITH &#38; FRAMPTON&#47;VAIL ASSOCIATES REAL ESTATE, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COLORADO LANDMARK REALTORS</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COLORADO LANDMARK INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COLORADO LANDMARK, REALTORS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COLORADO LANDMARK-MULTIPROP REALTY, INC</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PIQUET REALTY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN LIFE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SLIFER, SMITH &#38; FRAMPTON REAL ESTATE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SLIFER, SMITH &#38; FRAMPTON&#47;VAIL ASSOCIATES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SLIFER, SMITH &#38; FRAMPTON&#47;VAIL ASSOCIATES LLC</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL LIONSHEAD REAL ESTATE BROKERS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL-LIONSHEAD REAL ESTATE BROKERS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL-LIONSHEAD REAL ESTATE CO.</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SNH DEVELOPMENT, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Missouri</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CROTCHED MOUNTAIN SKI AND RIDE AREA</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CROTCHED MOUNTAIN SKI AREA</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SNOW CREEK, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Missouri</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SNOW TIME ACQUISITION, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Missouri</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SNOW TIME, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SNOW TRUST</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SOHO DEVELOPMENT, LLC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SPORTLIFE SA</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Switzerland</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SSI VENTURE, INC.</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Utah</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ALL MOUNTAIN SPORTS   </font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ALTERNATIVE EDGE      </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ASPEN SPORTS AT SNOWMASS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ASPEN SPORTS LLC</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK FLY FISHER  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SIGNATURE SHOP   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BICYCLE VILLAGE OF COLORADO   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BOARDER CROSS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BOARDER CROSSING   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BOARDER X-ING      </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BOOTSIE LACY B LLC   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BOULDER SKI AND BIKE  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BOULDER SKI AND BIKE DEALS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BOULDER SKI DEALS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECK SPORTS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECKENRIDGE SPORTS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BREEZE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BREEZE SKI &#38; SPORT   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BREEZE SKI RENTALS      </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BUYSKIS.COM   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CB MOUNTAIN OUTFITTERS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COLORADO SKI &#38; GOLF   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COLORADO SKI AND BIKE   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COLORADO SNOWBOARDS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COPPER MOUNTAIN SPORTS  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COPPER VILLAGE SPORTS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CRESTED BUTTE RENTAL &#38; DEMO CENTER   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">DEPOT   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">DEPOT SKI RENTALS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EFLIN SPORTS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EPIC MOUNTAIN GEAR  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EPIC MOUNTAIN RENTALS   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">FRISCO SPORTS  </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GORE CREEK FLY FISHERMAN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GRAND WEST OUTFITTERS </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">HAPPY THOUGHTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LIONSHEAD SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LOGO&#8217;D AT GRAND LODGE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MAIN STREET OUTLET</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MAX SNOWBOARD</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNTAIN ADVENTURE CENTER</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNTAIN BASICS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNTAIN SPORTS OUTLET</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNTAINSPORT TELLURIDE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ONE TRACK MIND</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK CITY MOUNTAIN SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PEAK SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RENTBOARDS.COM</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RENTSKIS GOLD</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RENTSKIS.COM</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RIVER RUN SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN EYES AND TEES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN EYES AND T&#8217;S</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN EYEWEAR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN EYEWEAR LTD. &#8220;A SHADEY BUSINESS&#8221;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SAN MIGUEL ANGLERS</font></div></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SSI VENTURE, INC. (cont.)</font><div></div></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Utah</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SKI DEPOT</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SKI DEPOT RENTALS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SKI DEPOT SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SNOWMASS SPORT STALKER</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SPECIALTY SPORTS NETWORK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SPECIALTY SPORTS VENTURE LLC</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">STEAMBOAT SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TAYLOR CREEK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TAYLOR CREEK ANGLING SERVICES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TAYLOR CREEK FLY SHOPS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TAYLOR CREEK SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TELLURIDE ADVENTURES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TELLURIDE MOUNTAIN BIKE HEADQUARTERS LLC</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TELLURIDE MOUNTAINCRAFT LLC</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TELLURIDE SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TEN MILE SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE DEPOT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE SKI DOCTOR</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL FISHING GUIDES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL FLY-FISHING</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL FLY-FISHING OUTFITTERS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL RESORTS RETAIL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL SPORTS KIDS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WINTER PARK SKI RENTALS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WINTER PARK SKI SWAP</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WINTER PARK SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WINTER PARK SWAP SHOP</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SSV HOLDINGS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">NEVE SPORTS</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SSV ONLINE LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wisconsin</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">OUTDOOR OUTLET</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SSV ONLINE HOLDINGS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STAGECOACH DEVELOPMENT, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Nevada</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STAMPEDE CANTEEN, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SUMMIT SKI LIMITED</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SYCAMORE LAKE, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Ohio</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ALPINE VALLEY</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">TCRM COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">TENDERFOOT SEASONAL HOUSING, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">TETON HOSPITALITY SERVICES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Wyoming</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE CANYONS GOLF CLUB, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Utah</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE CHALETS AT THE LODGE AT VAIL, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE LODGE AT VAIL CHALETS</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE GAME CREEK CLUB</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE SUNAPEE DIFFERENCE LLC</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">New Hampshire</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNT SUNAPEE RESORT</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNT SUNAPEE SKI AREA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNT SUNAPEE SKI RENTALS</font></div></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE VAIL CORPORATION</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ARROWHEAD ALPINE CLUB</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ASPEN GROVE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AVAIL ADVENTURE OUTFITTERS, LTD.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BACHELOR GULCH</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BACHELOR GULCH CLUB</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CLUB</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GORE CREEK MINI GOLF</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PASSPORT CLUB</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PRATER LANE PLAY SCHOOL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RED SKY GOLF CLUB</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RED SKY GOLF CLUB GUEST CLUBHOUSE PRO SHOP</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RED SKY GOLF CLUB MEMBER PRO SHOP</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE ARRABELLE CLUB</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE OSPREY AT BEAVER CREEK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE PASSPORT CLUBHOUSE AT GOLDEN PEAK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE YOUNGER GENERATION</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TV8</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL ASSOCIATES, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL CONSULTANTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL MOUNTAIN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL MOUNTAIN HIKING CENTER</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL RESORTS MANAGEMENT COMPANY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL SNOWBOARD SUPPLY</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE VILLAGE AT BRECKENRIDGE ACQUISITION CORP., INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECKENRIDGE CATTLE COMPANY</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECKENRIDGE MOUNTAIN LODGE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CAF&#201; BRECKENRIDGE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GOLD STRIKE SALOON</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">JAKE T. POUNDERS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MAGGIE CAFETERIA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MOUNTAIN THUNDER PROPERTY MANAGEMENT COMPANY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PASTA COMPANY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN RESORT LODGING</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE VILLAGE AT BRECKENRIDGE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE VILLAGE AT BRECKENRIDGE RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VILLAGE PUB</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">TRIMONT LAND COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">California</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NORTHSTAR AT TAHOE RESORT</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NORTHSTAR CALIFORNIA</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">TRIPLE PEAKS, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL ASSOCIATES HOLDINGS, LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL ASSOCIATES INVESTMENTS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WARREN LAKES VENTURE, LTD.</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL ASSOCIATES REAL ESTATE, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL ASSOCIATES SCHOLARSHIP PROGRAM</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL FOOD SERVICES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BISTRO 14</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BUFFALOS ROADHOUSE GRILL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CAMP 1, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EXTRA EXTRA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">FOX HOLLOW GOLF COURSE CLUBHOUSE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GAME CREEK CLUB VILLAGE CLUBHOUSE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GOLDEN PEAK GRILL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GOLDEN PEAK RESTAURANT AND CANTINA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">IN THE DOG HAUS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ONE ELK RESTAURANT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RIPPEROO&#8217;S CORNER CAF&#201;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SALSA&#8217;S</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE 10TH</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE LIONS DEN BAR &#38; GRILL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TWO ELK RESTAURANT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL MOUNTAIN DINING COMPANY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WAFFLE WAY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WILDWOOD EXPRESS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WILDWOOD SMOKEHOUSE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WOK &#8216;N ROLL &#8216;N RICE, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WOK&#8217;N ROLL, INC.</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL HOLDINGS FINANCE B.V.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Netherlands</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL HOLDINGS, INC.</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AD BROKERAGE, A DIVISION OF VAIL ASSOCIATES, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">APRES LOUNGE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AVON AT BEAVER CREEK</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AVON-VAIL COMPANY</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK ADVERTISING AGENCY</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK ANTIQUES, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK APARTMENTS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK ART, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK AT AVON, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK AT VAIL, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BACKPACKING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BAKERY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BAR, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BARBERS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BICYCLES, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BOOK AND POSTER SHOP, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BOOK STORE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BOOKING AGENCY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BOOKING AND TICKET AGENCY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BOOKSTORE AND OFFICE SUPPLY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BUILDERS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK BUS SERVICE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CAB, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CABLE T V INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CAF&#201; &#38; LOUNGE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CAMERA, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CHEESE SHOP, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CINEMA, INC.</font></div></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL HOLDINGS, INC. (cont.)</font></div></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CLEANERS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CLOTHING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CONDOMINIUM MANAGEMENT RENTAL, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CONDOMINIUM RENTAL, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CONDOMINIUMS AND LODGE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CONDOMINIUMS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CONDOTEL, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CONFERENCE CENTER, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CONSTRUCTION AND DEVELOPMENT, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CONSTRUCTION COMPANY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CONSTRUCTION MANAGEMENT CONSULTANTS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK CYCLE SHOP, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK DAIRY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK DECORATING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK DEPARTMENT STORE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK DEVELOPMENT COMPANY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK DISTRIBUTING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK DRUGS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK DRUGSTORE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK DRY CLEANERS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK ELECTRIC, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK ENGINEERS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK EQUESTRIAN CENTER</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK FILLING STATION, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK FIREWOOD, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK FLORISTS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK FLYING SERVICE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK FOOD STORE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK GALLERIES, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK GAS STATION, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK GENERAL CONTRACTORS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK GIFT SHOP, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK GOLF AND TENNIS CLUB</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK GOLF CLUB</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK GOLF CLUB BAR &#38; GRILL</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK GROCERY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK GUIDES</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK HARDWARE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK HEALTH SPA, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK HEATING &#38; PLUMBING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK HOSTESSES, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK HOTEL COMPANY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK INTERIOR DESIGN, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK JEEP GUIDES</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK JEWELERS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK JOURNAL, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK LANDSCAPING AND SNOWPLOWING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK LAUNDROMAT, INC.</font></div></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL HOLDINGS, INC. (cont.)</font></div></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK LIMOUSINE SERVICE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK LIQUOR AND WINE SHOP, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK LIQUOR STORE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK LIQUORS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK LODGE AND CONFERENCE CENTER, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MAINTENANCE AND REPAIR, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MARKET, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MARKETING ASSOCIATION, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MEADOWS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MERCHANTS ASSOCIATION</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MOBILE COURT, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MOBILE HOME PARK, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MOTEL, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MOTOR LODGE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MOUNTAIN CORPORATION</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK MOUNTAINEERING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK NEWS AGENCY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK NEWS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK OUTDOOR CLUB, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK PAINTING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK PHARMACY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK PHOTOGRAPHY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK PIZZA, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK PLANTERS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK PRINTERY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK PRINTING AND SECRETARIAL SERVICE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK PUB, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK RANCH, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK REAL ESTATE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK REALTY AND MANAGEMENT, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK RECREATION AREA, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK RENTALS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK RESERVATION SERVICE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK RESORT AND CONFERENCE CENTER, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK RESORT AND TENNIS CLUB</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK RESORT ASSOCIATION</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK RESTAURANT, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SALES, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SALOON, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SECURITY</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SERVICE CORPORATION</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SERVICE STATION, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI AND MOUNTAINEERING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI AND SPORTS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI AREA</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI CLUB, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI CORPORATION</font></div></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL HOLDINGS, INC. (cont.)</font></div></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI PATROL</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI RENTAL</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI REPAIR</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI RESORT</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI SCHOOL</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI SERVICE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI SHOPS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKI TOURING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SKIING CORPORATION</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SNOWPLOWING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SPIRITS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SPORT SHOP</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SPORTING GOODS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SPORTS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK STEAK HOUSE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK SYSTEMS, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK T V, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK TAXI SERVICE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK TENNIS CLUB</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK TOWING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK TRADING POST, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK TRADING, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK TRAILER PARK, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK TRANSPORTATION CORPORATION</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK TRAVEL AGENCY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK TRAVEL SERVICE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK VACATION RESORT</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK VALLEY ASSOCIATION, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK VILLAGER, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK VISITORS SERVICE, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEKSIDE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK-VAIL COMPANY</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER-VAIL DEVELOPMENT CORPORATION</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EAGLE RESIDENCES</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EXTREMELY VAIL, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">FOOD STORE AT BEAVER CREEK, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">GAME CREEK CLUB</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LODGE AT BEAVER CREEK</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MERIDIAN GROUP JOINT VENTURE, LTD.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PLAZA LODGE AT BEAVER CREEK</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE ADVENTURE COMPANY, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE BEAVER TAIL, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE ENCLAVE RESTAURANT</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE INN AT BEAVER CREEK</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TRAIL&#8217;S END BAR</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL ASSOCIATES DEVELOPMENT CORPORATION</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL ASSOCIATES VENTURES, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL BEAVER CREEK REAL ESTATE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL BOBSLED ADVENTURES, INC.</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL MOUNTAIN CLUB</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL MOUNTAIN RESORT</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL MOUNTAIN RESORT AND CONFERENCE CENTER</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL PRODUCTIONS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL&#47;BEAVER CREEK CENTRAL RESERVATIONS</font></div></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL HOLDINGS, INC. (cont.)</font></div></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL&#47;BROADMOOR, INC.</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL&#47;JAPAN ENTERPRISES, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL-AVON COMPANY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL-BEAVER CREEK COMPANY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WILDWOOD SHELTER</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL HOTEL MANAGEMENT COMPANY, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL RESORTS DEVELOPMENT COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL ASSOCIATES REAL ESTATE GROUP</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL RESORTS LODGING COMPANY</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK CITY RENTAL MANAGEMENT COMPANY</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL RESORTS HOSPITALITY</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL RR, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL SUMMIT RESORTS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK VILLAGE TRAVEL</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECKENRIDGE HOSPITALITY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECKENRIDGE LODGING &#38; HOSPITALITY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECKENRIDGE MOUNTAIN RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECKENRIDGE PROPERTY MANAGEMENT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECKENRIDGE SKI RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BRECKENRIDGE SKI RESORT CORPORATION</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COLORADO VACATIONS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE CONFERENCE CENTER</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE LODGE &#38; SPA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE LODGING &#38; HOSPITALITY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE RESORT, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE STABLES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KEYSTONE TRAVEL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RALSTON RESORTS, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">RESERVATIONS FOR THE SUMMIT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN RESORT VACATIONS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ROCKY MOUNTAIN SKI CONSOLIDATORS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL&#47;BEAVER CREEK CENTRAL RESERVATIONS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL&#47;BEAVER CREEK RESERVATIONS, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL&#47;BEAVER CREEK TRAVEL</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL TRADEMARKS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL RESORTS TRADEMARKS, INC.</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL&#47;ARROWHEAD, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAIL&#47;BEAVER CREEK RESORT PROPERTIES, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ARROWHEAD PROPERTY MANAGEMENT COMPANY</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BACHELOR GULCH PROPERTY MANAGEMENT COMPANY</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK RESORT PROPERTIES</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BEAVER CREEK TENNIS CENTER</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK PLAZA RENTAL RESERVATIONS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK PLAZA RESERVATIONS, INC.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TRAPPER&#8217;S CABIN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">VAIL PROPERTY MANAGEMENT</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VAMHC, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR ACQUISITION, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">California</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR AUSTRALIA HOLDINGS PTY LTD</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR CPC HOLDINGS, INC.</font><div></div></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">CANYONS GOLF COURSE BEVERAGE CARTS</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COBRA DOG SHACK</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">JUPITER JAVA</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">KRISTI&#8217;S COFFEE CAF&#201;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LEGACY LODGE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LEGACY SPORTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LEGENDS AT THE RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MID MOUNTAIN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MINER&#8217;S CAMP RESTAURANT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK CITY MOUNTAIN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK CITY MOUNTAIN RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PARK CITY RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SNOW HUT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SUMMIT HOUSE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">THE CANYONS</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR CPC SERVICES, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR HEAVENLY CONCESSIONS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">California</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR HEAVENLY I, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR HEAVENLY II, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR HOLDINGS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Colorado</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR NE HOLDINGS, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">JACKSON GORE VILLAGE</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">JACKSON GORE VILLAGE RENTALS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">JACKSON GORE VILLAGE SPORT AND FITNESS CENTER</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR NW HOLDINGS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR PA HOLDINGS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pennsylvania</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR US HOLDINGS, INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">AFTON ALPS</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">AFTON ALPS RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BRUHN&#8217;S</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MT. BRIGHTON</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MT. BRIGHTON RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ONE CREEK MOUNTAIN GRILL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SKI HILL GRILL</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE TRUCK</font></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR US HOLDINGS II, LLC</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ADVENTURE CENTER</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ADVENTURE OUTFITTERS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ALL MOUNTAIN PROGRAM (AMP)</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CHILDREN&#8217;S ADVENTURE CENTER</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">CLIFF HOUSE RESTAURANT</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FIRST CHAIR ALPINE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FRONT FOUR DEMO CENTER</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FRONT FOUR RENTALS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FRONT FOUR SPORTS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GEAR ZONE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GONDOLA CAF&#201;</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">GREAT ROOM GRILL</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">INSIDER&#8217;S GUIDE TO STOWE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">LODGE AT MT. MANSFIELD</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">LODGE AT STOWE MOUNTAIN RESORT</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MANSFIELD CROSS-COUNTRY SKI CENTER</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MANSFIELD SPORT SHOPS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MIDWAY CAF&#201;</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MIDWAY LODGE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MIGHTYBUSTERS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MINIBUSTERS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MOUNT MANSFIELD LODGE AT LONG TRAIL</font></div></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR US HOLDINGS II, LLC (cont.)</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MOUNTAIN CLINIC</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MT. MANSFIELD BASE LODGE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MT. MANSFIELD LODGE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MT. MANSFIELD SKI PATROL</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MT. MANSFIELD SPORTS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">OCTAGON CAFETERIA</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SLOPESIDE MARKET</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SPRUCE BASE CAMP</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SPRUCE CAMP</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SPRUCE CAMP BAR</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SPRUCE CAMP BASE LODGE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SPRUCE LODGE AT MOUNT MANSFIELD</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SPRUCE PEAK SPORTS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STAY TUNED</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWE ADVENTURE CENTER</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWE BASE CAMP</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWE BYPASS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWE FOR STARTERS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWE INSIDER GUIDE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWE ROCKS!</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWE SPRUCE BASE LODGE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWE TOYS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWE, NATURALLY VERMONT&#8217;S BEST</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWEBUSTERS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWE&#8217;S MIDWAY CAF&#201;</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">STOWKED</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">SUMMER ADVENTURE CAMP</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE CANTEEN RESTAURANT</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE INN AT THE MOUNTAIN</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE MANSFIELD CLUB</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE SMUGGLER&#8217;S DEN</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE STOWE MOUNTAIN RESORT</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE STOWE SHOP</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">THE WAFFLE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">TOLL HOUSE CONFERENCE CENTER</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">TRAILBLAZERS</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">TREETOP ADVENTURE</font></div><div style="text-indent:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ZIPTOUR ADVENTURE</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VR WM HOLDINGS, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MT. BRIGHTON RESORT</font><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WILMOT MOUNTAIN</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WILMOT MOUNTAIN RESORT</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WILMOT MOUNTAIN SKI RESORT</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VRSS HOLDINGS, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Delaware</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">LAUREL MOUNTAIN RESORT</font></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">VRV AUSTRALIA PTY LTD</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Australia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WB LAND INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WB LAND (CREEKSIDE SNOW SCHOOL) INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WB&#47;T DEVELOPMENT LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WC ACQUISITION CORP.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">New Hampshire</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WEST LAKE WATER PROJECT, LLC</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vermont</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WHISTLER &#38; BLACKCOMB MOUNTAIN RESORTS LIMITED</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WHISTLER ALPINE CLUB INC.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WHISTLER BLACKCOMB EMPLOYMENT CORP.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WHISTLER BLACKCOMB GENERAL PARTNER LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WHISTLER BLACKCOMB HOLDINGS INC. (f&#47;k&#47;a 1068877 BC Ltd.)</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-indent:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.916%"><tr><td style="width:1.0%"></td><td style="width:37.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.588%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WHISTLER HELI-SKIING LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WHISTLER MOUNTAIN RESORT LIMITED PARTNERSHIP</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WHISTLER SKI SCHOOL LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WHISTLER&#47;BLACKCOMB MOUNTAIN EMPLOYEE HOUSING LTD.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">British Columbia</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">WHITETAIL MOUNTAIN OPERATING CORP.</font></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pennsylvania</font></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:3pt;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">ZERODIX S&#192;RL</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Switzerland</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.47pt;font-weight:400;line-height:174%;position:relative;top:-3.48pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%">Includes only those entities owned 50% or greater.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>4
<FILENAME>exhibit232024-q4.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i52edfa9ad3e74476833ee42f104a7e18_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:174%">Exhibit 23</font></div><div style="text-align:right"><font><br></font></div><div style="margin-bottom:24pt;margin-top:24pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-145934, 333-169552, and 333-208357) of Vail Resorts, Inc. of our report</font><font style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">dated September&#160;26, 2024 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in this Form 10-K.</font><font style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline"> </font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#47;s&#47;PricewaterhouseCoopers LLP </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Denver, Colorado</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">September&#160;26, 2024</font></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>5
<FILENAME>exhibit3112024-q4.htm
<DESCRIPTION>CERTIFICATION OF CHIEF EXECUTIVE OFFICER
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i5c66fd85fcf4404c93a7653dd4017204_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 31.1</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PURSUANT TO SECTION 302 OF THE</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SARBANES-OXLEY ACT OF 2002</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">I, Kirsten A. Lynch, certify that&#58;</font></div><div><font><br></font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:3.152%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.911%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:88.637%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.</font></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">I have reviewed this annual report on Form 10-K of Vail Resorts, Inc.&#59;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.</font></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report&#59;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.</font></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report&#59;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.</font></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have&#58;</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">a)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared&#59;</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">b)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles&#59;</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">c)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation&#59; and</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">d)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (the registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting&#59; and</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.</font></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions)&#58;</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">a)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information&#59; and</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">b)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></td></tr></table></div><div><font><br></font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:54.178%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:43.622%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; September&#160;26, 2024</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; KIRSTEN A. LYNCH</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Kirsten A. Lynch</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Executive Officer</font></td></tr></table></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>6
<FILENAME>exhibit3122024-q4.htm
<DESCRIPTION>CERTIFICATION OF CHIEF FINANCIAL OFFICER
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="if187ea3d75ed4d0888fdfe4cf5700a1f_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:120%">&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 31.2</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CERTIFICATION OF THE CHIEF FINANCIAL OFFICER</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PURSUANT TO SECTION 302 OF THE</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SARBANES-OXLEY ACT OF 2002</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">I, Angela A. Korch, certify that&#58;</font></div><div><font><br></font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:3.152%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.911%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:88.637%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.</font></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">I have reviewed this annual report on Form 10-K of Vail Resorts, Inc.&#59;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.</font></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report&#59;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.</font></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report&#59;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.</font></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have&#58;</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">a)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared&#59;</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">b)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles&#59;</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">c)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation&#59; and</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">d)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (the registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting&#59; and</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.</font></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions)&#58;</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">a)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information&#59; and</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">b)</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></td></tr></table></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:54.178%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:43.622%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; September&#160;26, 2024</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; ANGELA A. KORCH</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Angela A. Korch</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President and Chief Financial Officer<br></font></td></tr></table></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>7
<FILENAME>exhibit322024-q4.htm
<DESCRIPTION>CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i732a8bfee41f4c22b4985088b84a4818_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 32</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">AND THE CHIEF FINANCIAL OFFICER</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned hereby certifies in their capacity as an officer of Vail Resorts, Inc. (the &#8220;Company&#8221;) that the Company's Annual Report on Form 10-K for the year ended July&#160;31, 2024 (the &#8220;Report&#8221;) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in such Report fairly presents, in all material respects, the financial condition and the results of operations of the Company at the end of and for the periods covered by such Report. </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:54.178%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:43.622%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; September&#160;26, 2024</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; KIRSTEN A. LYNCH</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Kirsten A. Lynch</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Executive Officer</font></td></tr></table></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:54.178%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:43.622%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; September&#160;26, 2024</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; ANGELA A. KORCH</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Angela A. Korch</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President and Chief Financial Officer</font></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, is not a part of the Form 10-K to which it refers, and is, to the extent permitted by law, provided by each of the above signatories to the extent of his respective knowledge.  This certification is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of Vail Resorts, Inc. under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Form 10-K), irrespective of any general incorporation language contained in such filing.  A signed original of this written statement required by Section 906 has been provided to Vail Resorts, Inc. and will be furnished to the Securities and Exchange Commission or its staff upon request.</font></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-97.1
<SEQUENCE>8
<FILENAME>amendedexecutivecompensati.htm
<DESCRIPTION>AMENDED EXECUTIVE COMPENSATION CLAWBACK POLICY
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i393fd82fd6eb47cfb40d58d4fb4c103a_35"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Exhibit 97.1</font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Effective Date&#58; 10&#47;02&#47;23</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Amended Executive Compensation Clawback Policy</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">______________________________________________________________________</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">This Amended Executive Compensation Clawback Policy (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8220;Policy&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">) describes the circumstances in which Executive Officers are required to repay or return Erroneously Awarded Compensation to Vail Resorts, Inc. (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8220;Company&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">). This Policy will be interpreted consistent with Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Section 10D of the Securities Exchange Act of 1934, and the applicable listing standards of the New York Stock Exchange (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8220;NYSE&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">). Capitalized terms in this Policy have the meaning set forth in the Definitions section below.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In the event that the Board of Directors (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8220;Board&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">) determines or reasonably should have determined that an Accounting Restatement is necessary, or a court, regulator, or other legally authorized body directs the Company to prepare an Accounting Restatement, the Compensation Committee will review all Incentive Payments to Executive Officers in the applicable Recovery Period to determine any Erroneously Awarded Compensation, and will take such action as it deems appropriate to recover for the benefit of the Company such Erroneously Awarded Compensation.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company is not required to recover Erroneously Awarded Compensation if the following conditions are met and the Compensation Committee determines that recovery would be impracticable&#58; (a) the direct expenses paid to a third party to assist in enforcing the Policy against an Executive Officer would exceed the amount to be recovered, after the Company has made reasonable attempts at recovery, documented such attempts, and provided such documentation to the NYSE, or (b) recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to employees of the Company, to fail to meet the requirements of 26 U.S.C. 401(a)(13) or 26 U.S.C. 411(a) and the regulations thereunder. Incentive Payments received by an Executive Officer before commencement of service as an Executive Officer are not subject to recovery under this Policy. Except as provided in this Policy, in no event may the Company accept an amount that is less than the amount of the Erroneously Awarded Compensation in satisfaction of an Executive Officer&#8217;s obligations under this Policy.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company cannot indemnify any Executive Officer against (a) the loss of any Erroneously Awarded Compensation that is repaid, returned or recovered pursuant to the terms of this Policy, or (b) any claims relating to the Company&#8217;s enforcement of the rights under this Policy, in either case, where such indemnity is otherwise prohibited by applicable law or the NYSE.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;text-decoration:underline">Definitions&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> For the purposes of this Policy&#58;</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8220;Accounting Restatement&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> means an accounting restatement due to material noncompliance with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial restatements that is material to the previously issued financial statements, or that corrects an error that is not material to previously issued financial statements, but would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8220;Erroneously Awarded Compensation&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> means Incentive Payments in excess of the amount that would have been paid based on the restated results, computed without regard to any taxes paid. For Incentive Payments based on or derived from stock price or total shareholder return where the amount of Erroneously Awarded Compensation is not subject to mathematical recalculation directly from the </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">information in the applicable Accounting Restatement, the Erroneously Awarded Compensation will be determined by the Compensation Committee based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or total shareholder return upon which the Incentive Payment was received (in which case, the Company will maintain documentation of such determination of that reasonable estimate and provide such documentation to the NYSE).</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8220;Executive Officers&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> means the Company&#8217;s current and former (a) president, principal financial officer, principal accounting officer (or if there is no principal accounting officer, the controller), (b) any vice-president in charge of a principal business unit, division or function (such as sales, administration, or finance), (c) any other officer who performs a policy-making function for the Company, or (d) any other person who performs similar policy-making functions for the Company, as determined by the Board in accordance with law.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8220;Financial Reporting Measure&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> means a measure that is determined and presented in accordance with the accounting principles used in preparing the Company&#8217;s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) are considered Financial Reporting Measures. A measure need not be presented in the Company&#8217;s financial statements or included in a filing with the Securities and Exchange Commission in order to be a Financial Reporting Measure under this definition.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8220;Incentive Payments&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> means any compensation that is received, granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure. Incentive Payments are deemed received in the Company&#8217;s fiscal period during which the Financial Reporting Measure specified in the incentive payment award is attained, even if payment or grant of the incentive payment occurs after the end of that period. Incentive Payments do not include (a) bonuses paid solely at the discretion of the Board or Compensation Committee that are not paid from a bonus pool that is determined by satisfying a Financial Reporting Measure performance goal or solely upon satisfying one or more subjective standards and&#47;or completion of a specified employment period, (b) non-equity incentive plan awards earned solely upon satisfying one or more strategic or operational measures, or (c) equity awards not contingent upon achieving any Financial Reporting Measure performance goal and vesting is contingent solely upon the completion of a specified employment period and&#47;or attaining one or more non-financial reporting measures.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8220;Recovery Period&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> means the three completed fiscal years preceding the earlier of (a) the date the Board determined or reasonably should have determined that an Accounting Restatement is necessary, or (b) the date a court, regulator, or other legally authorized body directed the Company to prepare an Accounting Restatement. In the event of a change to the Company&#8217;s fiscal year, the Recovery Period must also include any transition period of less than nine months within or immediately following those three completed fiscal years.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>9
<FILENAME>mtn-20240731.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:d5f9b4a5-ad73-4cf5-9885-aa2f84d9088e,g:b05a5fc7-e025-4429-99bf-42c2b1aa630e-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:mtn="http://www.vailresorts.com/20240731" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:dtr-types1="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.vailresorts.com/20240731">
  <xs:import namespace="http://fasb.org/srt/2023" schemaLocation="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd"/>
  <xs:import namespace="http://fasb.org/us-gaap/2023" schemaLocation="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd"/>
  <xs:import namespace="http://www.w3.org/1999/xlink" schemaLocation="http://www.xbrl.org/2003/xlink-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd"/>
  <xs:import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd"/>
  <xs:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/country/2023" schemaLocation="https://xbrl.sec.gov/country/2023/country-2023.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/currency/2023" schemaLocation="https://xbrl.sec.gov/currency/2023/currency-2023.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2023" schemaLocation="https://xbrl.sec.gov/dei/2023/dei-2023.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="mtn-20240731_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="mtn-20240731_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="mtn-20240731_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="mtn-20240731_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="DocumentAndEntityInformation" roleURI="http://www.vailresorts.com/role/DocumentAndEntityInformation">
        <link:definition>0000001 - Document - Document And Entity Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OrganizationandBusiness" roleURI="http://www.vailresorts.com/role/OrganizationandBusiness">
        <link:definition>0000002 - Document - Organization and Business</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ConsolidatedBalanceSheets" roleURI="http://www.vailresorts.com/role/ConsolidatedBalanceSheets">
        <link:definition>0000003 - Statement - Consolidated Balance Sheets</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ConsolidatedBalanceSheetsParenthetical" roleURI="http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical">
        <link:definition>0000004 - Statement - Consolidated Balance Sheets (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ConsolidatedStatementsOfOperations" roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations">
        <link:definition>0000005 - Statement - Consolidated Statements Of Operations</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ConsolidatedStatementofComprehensiveIncome" roleURI="http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome">
        <link:definition>0000006 - Statement - Consolidated Statement of Comprehensive Income</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ConsolidatedStatementsofComprehensiveIncomeConsolidatedStatementsofComprehensiveIncomeParenthetical" roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsofComprehensiveIncomeConsolidatedStatementsofComprehensiveIncomeParenthetical">
        <link:definition>0000007 - Statement - Consolidated Statements of Comprehensive Income Consolidated Statements of Comprehensive Income (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ConsolidatedStatementsOfStockholdersEquity" roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity">
        <link:definition>0000008 - Statement - Consolidated Statements Of Stockholders' Equity</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ConsolidatedStatementsOfCashFlows" roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows">
        <link:definition>0000009 - Statement - Consolidated Statements Of Cash Flows</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPolicies" roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPolicies">
        <link:definition>0000010 - Disclosure - Summary of Significant Accounting Policies</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RevenuesNotes" roleURI="http://www.vailresorts.com/role/RevenuesNotes">
        <link:definition>0000011 - Disclosure - Revenues (Notes)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LeasesNotes" roleURI="http://www.vailresorts.com/role/LeasesNotes">
        <link:definition>0000012 - Disclosure - Leases (Notes)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NetIncomePerCommonShare" roleURI="http://www.vailresorts.com/role/NetIncomePerCommonShare">
        <link:definition>0000013 - Disclosure - Net Income Per Common Share</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LongTermDebt" roleURI="http://www.vailresorts.com/role/LongTermDebt">
        <link:definition>0000014 - Disclosure - Long-Term Debt</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="Acquisitions" roleURI="http://www.vailresorts.com/role/Acquisitions">
        <link:definition>0000015 - Disclosure - Acquisitions</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SupplementaryBalanceSheetInformation" roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformation">
        <link:definition>0000016 - Disclosure - Supplementary Balance Sheet Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueMeasurements" roleURI="http://www.vailresorts.com/role/FairValueMeasurements">
        <link:definition>0000017 - Disclosure - Fair Value Measurements</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxes" roleURI="http://www.vailresorts.com/role/IncomeTaxes">
        <link:definition>0000018 - Disclosure - Income Taxes</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsandContingencies" roleURI="http://www.vailresorts.com/role/CommitmentsandContingencies">
        <link:definition>0000019 - Disclosure - Commitments and Contingencies</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformation" roleURI="http://www.vailresorts.com/role/SegmentInformation">
        <link:definition>0000020 - Disclosure - Segment Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockRepurchasePlan" roleURI="http://www.vailresorts.com/role/StockRepurchasePlan">
        <link:definition>0000021 - Disclosure - Stock Repurchase Plan</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockCompensationPlan" roleURI="http://www.vailresorts.com/role/StockCompensationPlan">
        <link:definition>0000022 - Disclosure - Stock Compensation Plan</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RetirementandProfitSharingPlans" roleURI="http://www.vailresorts.com/role/RetirementandProfitSharingPlans">
        <link:definition>0000023 - Disclosure - Retirement and Profit Sharing Plans</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SubsequentEvents" roleURI="http://www.vailresorts.com/role/SubsequentEvents">
        <link:definition>0000024 - Disclosure - Subsequent Events</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPoliciesPolicies" roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies">
        <link:definition>9954471 - Disclosure - Summary of Significant Accounting Policies (Policies)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPoliciesTables" roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables">
        <link:definition>9954472 - Disclosure - Summary of Significant Accounting Policies (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RevenuesTables" roleURI="http://www.vailresorts.com/role/RevenuesTables">
        <link:definition>9954473 - Disclosure - Revenues (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LeasesTables" roleURI="http://www.vailresorts.com/role/LeasesTables">
        <link:definition>9954474 - Disclosure - Leases (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NetIncomePerCommonShareTables" roleURI="http://www.vailresorts.com/role/NetIncomePerCommonShareTables">
        <link:definition>9954475 - Disclosure - Net Income Per Common Share (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LongTermDebtTables" roleURI="http://www.vailresorts.com/role/LongTermDebtTables">
        <link:definition>9954476 - Disclosure - Long-Term Debt (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AcquisitionsTables" roleURI="http://www.vailresorts.com/role/AcquisitionsTables">
        <link:definition>9954477 - Disclosure - Acquisitions (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SupplementaryBalanceSheetInformationTables" roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables">
        <link:definition>9954478 - Disclosure - Supplementary Balance Sheet Information (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueMeasurementsTables" roleURI="http://www.vailresorts.com/role/FairValueMeasurementsTables">
        <link:definition>9954479 - Disclosure - Fair Value Measurements (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxesTables" roleURI="http://www.vailresorts.com/role/IncomeTaxesTables">
        <link:definition>9954480 - Disclosure - Income Taxes (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsandContingenciesTables" roleURI="http://www.vailresorts.com/role/CommitmentsandContingenciesTables">
        <link:definition>9954481 - Disclosure - Commitments and Contingencies (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformationTables" roleURI="http://www.vailresorts.com/role/SegmentInformationTables">
        <link:definition>9954482 - Disclosure - Segment Information (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockCompensationPlanTables" roleURI="http://www.vailresorts.com/role/StockCompensationPlanTables">
        <link:definition>9954483 - Disclosure - Stock Compensation Plan (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SubsequentEventsTables" roleURI="http://www.vailresorts.com/role/SubsequentEventsTables">
        <link:definition>9954484 - Disclosure - Subsequent Events (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPoliciesNarrativeDetails" roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails">
        <link:definition>9954485 - Disclosure - Summary of Significant Accounting Policies (Narrative) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails" roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails">
        <link:definition>9954486 - Disclosure - Summary of Significant Accounting Policies (Summary On Estimated Useful Life Of Property, Plant And Equipment) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails" roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails">
        <link:definition>9954487 - Disclosure - Summary of Significant Accounting Policies (Allocation Of Stock-Based Compensation Expense) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RevenuesDetails" roleURI="http://www.vailresorts.com/role/RevenuesDetails">
        <link:definition>9954488 - Disclosure - Revenues (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RevenuesContractBalancesDetails" roleURI="http://www.vailresorts.com/role/RevenuesContractBalancesDetails">
        <link:definition>9954489 - Disclosure - Revenues Contract Balances (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RevenuesCoststoObtainContractswithCustomersDetails" roleURI="http://www.vailresorts.com/role/RevenuesCoststoObtainContractswithCustomersDetails">
        <link:definition>9954490 - Disclosure - Revenues Costs to Obtain Contracts with Customers (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LeasesDetails" roleURI="http://www.vailresorts.com/role/LeasesDetails">
        <link:definition>9954491 - Disclosure - Leases (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NetIncomePerCommonShareDetails" roleURI="http://www.vailresorts.com/role/NetIncomePerCommonShareDetails">
        <link:definition>9954492 - Disclosure - Net Income Per Common Share (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LongTermDebtScheduleOfDebtInstrumentsDetails" roleURI="http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails">
        <link:definition>9954493 - Disclosure - Long-Term Debt (Schedule Of Debt Instruments) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails" roleURI="http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails">
        <link:definition>9954494 - Disclosure - Long-Term Debt (Schedule Of Aggregate Maturities For Debt Outstanding) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AcquisitionsNarrativeDetails" roleURI="http://www.vailresorts.com/role/AcquisitionsNarrativeDetails">
        <link:definition>9954495 - Disclosure - Acquisitions (Narrative) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails" roleURI="http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails">
        <link:definition>9954496 - Disclosure - Acquisitions (Summary Of Estimate Of Fair Value Of Identifiable Assets Acquired And Liabilities Assumed) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SupplementaryBalanceSheetInformationNarrativeDetails" roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails">
        <link:definition>9954497 - Disclosure - Supplementary Balance Sheet Information (Narrative) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails" roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails">
        <link:definition>9954498 - Disclosure - Supplementary Balance Sheet Information (Composition Of Property, Plant And Equipment) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails" roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails">
        <link:definition>9954499 - Disclosure - Supplementary Balance Sheet Information Composition of Property, Plant and Equipment under Capital Lease (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails" roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails">
        <link:definition>9954500 - Disclosure - Supplementary Balance Sheet Information (Composition Of Goodwill And Intangible Assets) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails" roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails">
        <link:definition>9954501 - Disclosure - Supplementary Balance Sheet Information (Changes In Goodwill Amount) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails" roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails">
        <link:definition>9954502 - Disclosure - Supplementary Balance Sheet Information (Components Of Accounts Payable And Accrued Liabilities) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SupplementaryBalanceSheetInformationComponentsOfOtherLongTermLiabilitiesDetails" roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfOtherLongTermLiabilitiesDetails">
        <link:definition>9954503 - Disclosure - Supplementary Balance Sheet Information (Components Of Other Long-Term Liabilities) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueMeasurementsDetails" roleURI="http://www.vailresorts.com/role/FairValueMeasurementsDetails">
        <link:definition>9954504 - Disclosure - Fair Value Measurements (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxesNarrativeDetails" roleURI="http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails">
        <link:definition>9954505 - Disclosure - Income Taxes (Narrative) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails" roleURI="http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails">
        <link:definition>9954506 - Disclosure - Income Taxes (Components Of Deferred Tax Liabilities And Assets) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails" roleURI="http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails">
        <link:definition>9954507 - Disclosure - Income Taxes (Components Of Provision (Benefit) For Income Taxes) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails" roleURI="http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails">
        <link:definition>9954508 - Disclosure - Income Taxes (Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxesReconciliationOfUnrecognizedTaxBenefitsDetails" roleURI="http://www.vailresorts.com/role/IncomeTaxesReconciliationOfUnrecognizedTaxBenefitsDetails">
        <link:definition>9954509 - Disclosure - Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxesComponentsofIncomebeforeIncomeTaxesDetails" roleURI="http://www.vailresorts.com/role/IncomeTaxesComponentsofIncomebeforeIncomeTaxesDetails">
        <link:definition>9954510 - Disclosure - Income Taxes Components of Income before Income Taxes (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails" roleURI="http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails">
        <link:definition>9954511 - Disclosure - Income Taxes Presentation of Net Deferred Tax Liabilities and Assets (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsandContingenciesNarrativeDetails" roleURI="http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails">
        <link:definition>9954512 - Disclosure - Commitments and Contingencies (Narrative) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsandContingenciesFutureMinimumLeasePaymentDetails" roleURI="http://www.vailresorts.com/role/CommitmentsandContingenciesFutureMinimumLeasePaymentDetails">
        <link:definition>9954513 - Disclosure - Commitments and Contingencies (Future Minimum Lease Payment) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformationDetails" roleURI="http://www.vailresorts.com/role/SegmentInformationDetails">
        <link:definition>9954514 - Disclosure - Segment Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformationGeographicInformationDetails" roleURI="http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails">
        <link:definition>9954515 - Disclosure - Segment Information Geographic Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockRepurchasePlanDetails" roleURI="http://www.vailresorts.com/role/StockRepurchasePlanDetails">
        <link:definition>9954516 - Disclosure - Stock Repurchase Plan (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockCompensationPlanNarrativeDetails" roleURI="http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails">
        <link:definition>9954517 - Disclosure - Stock Compensation Plan (Narrative) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails" roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails">
        <link:definition>9954518 - Disclosure - Stock Compensation Plan (Schedule Of Share Based Compensation Valuation Model) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails" roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails">
        <link:definition>9954519 - Disclosure - Stock Compensation Plan (Schedule Of Share Based Compensation Option And SARs Award Activity) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails" roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails">
        <link:definition>9954520 - Disclosure - Stock Compensation Plan (Schedule of Share Based Compensation SARs Activity) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails" roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails">
        <link:definition>9954521 - Disclosure - Stock Compensation Plan (Schedule Of Share Based Compensation Restricted Stock Units Activity) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RetirementandProfitSharingPlansDetails" roleURI="http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails">
        <link:definition>9954522 - Disclosure - Retirement and Profit Sharing Plans (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SubsequentEventsDetails" roleURI="http://www.vailresorts.com/role/SubsequentEventsDetails">
        <link:definition>9954523 - Disclosure - Subsequent Events (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
  <xs:element id="mtn_DocumentAndEntityInformationAbstract" abstract="true" name="DocumentAndEntityInformationAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_AccountsPayableAccruedLiabilities" abstract="false" name="AccountsPayableAccruedLiabilities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_OtherLongTermLiabilitiesNoncurrent" abstract="false" name="OtherLongTermLiabilitiesNoncurrent" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_MountainandLodgingservicesandotherrevenue" abstract="false" name="MountainandLodgingservicesandotherrevenue" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_MountainandLodgingretailanddiningrevenue" abstract="false" name="MountainandLodgingretailanddiningrevenue" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_ResortRevenueNet" abstract="false" name="ResortRevenueNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_RealEstateRevenue" abstract="false" name="RealEstateRevenue" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_MountainandLodgingoperatingexpenses" abstract="false" name="MountainandLodgingoperatingexpenses" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_MountainandLodgingcostofproductssold" abstract="false" name="MountainandLodgingcostofproductssold" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_MountainandLodginggeneralandadministrativeexpense" abstract="false" name="MountainandLodginggeneralandadministrativeexpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_ResortExpensesNet" abstract="false" name="ResortExpensesNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_RealEstateExpense" abstract="false" name="RealEstateExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_OperatingCostsExpensesAndCostOfSales" abstract="false" name="OperatingCostsExpensesAndCostOfSales" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_OtherOperatingExpensesAndIncomeAbstract" abstract="true" name="OtherOperatingExpensesAndIncomeAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_GainOnSaleOfRealProperty" abstract="false" name="GainOnSaleOfRealProperty" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_ChangeinFairValueofContingentConsideration" abstract="false" name="ChangeinFairValueofContingentConsideration" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_MountainEquityInvestmentIncomeLossNet" abstract="false" name="MountainEquityInvestmentIncomeLossNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_StatementofComprehensiveIncomeParentheticalAbstract" abstract="true" name="StatementofComprehensiveIncomeParentheticalAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_TotalVailResortsIncStockholdersEquityMember" abstract="false" name="TotalVailResortsIncStockholdersEquityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_BusinessCombinationDepositsReturned" abstract="false" name="BusinessCombinationDepositsReturned" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_BusinessCombinationDeposits" abstract="false" name="BusinessCombinationDeposits" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_ProceedsFrom6.50SeniorNotes" abstract="false" name="ProceedsFrom6.50SeniorNotes" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_RepaymentsofTermLoan" abstract="false" name="RepaymentsofTermLoan" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_RepaymentsOfBorrowingsUnder6.25Notes" abstract="false" name="RepaymentsOfBorrowingsUnder6.25Notes" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_RepaymentsofWhistlerCreditAgreementrevolver" abstract="false" name="RepaymentsofWhistlerCreditAgreementrevolver" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_RepaymentOfEB5DevelopmentNotes" abstract="false" name="RepaymentOfEB5DevelopmentNotes" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_RetirementAndProfitSharingTextBlock" abstract="false" name="RetirementAndProfitSharingTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="mtn_ConcentrationOfCreditRiskPolicyTextBlock" abstract="false" name="ConcentrationOfCreditRiskPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock" abstract="false" name="ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock" abstract="false" name="WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock" abstract="false" name="ScheduleofFutureMinimumLeasePaymentsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="mtn_SevenSpringsResortsMember" abstract="true" name="SevenSpringsResortsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_AndermattSedrunMember" abstract="true" name="AndermattSedrunMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_CransMontanaMember" abstract="true" name="CransMontanaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock" abstract="false" name="BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="mtn_A6.25NotesMember" abstract="true" name="A6.25NotesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_EPRSecuredNotesMember" abstract="true" name="EPRSecuredNotesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_A00NotesMember" abstract="true" name="A00NotesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_NRPLoanMember" abstract="true" name="NRPLoanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_InterestRateSwapNotionalAmount" abstract="false" name="InterestRateSwapNotionalAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_MountainOperatingExpenseMember" abstract="false" name="MountainOperatingExpenseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_LodgingOperatingExpenseMember" abstract="false" name="LodgingOperatingExpenseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_RealEstateOperatingExpenseMember" abstract="false" name="RealEstateOperatingExpenseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_OtherMountainRevenueMember" abstract="false" name="OtherMountainRevenueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_RetailRentalMember" abstract="false" name="RetailRentalMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_DiningMember" abstract="false" name="DiningMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_SkiSchoolMember" abstract="false" name="SkiSchoolMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_LiftTicketsMember" abstract="false" name="LiftTicketsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_OwnedHotelRevenueMember" abstract="true" name="OwnedHotelRevenueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_ManagedcondominiumroomsMember" abstract="true" name="ManagedcondominiumroomsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_TransportationMember" abstract="true" name="TransportationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_GolfMember" abstract="true" name="GolfMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_OtherLodgingRevenueMember" abstract="true" name="OtherLodgingRevenueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember" abstract="true" name="LodgingrevenueexcludingpayrollcostreimbursementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_PayrollcostreimbursementsMember" abstract="true" name="PayrollcostreimbursementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_MountainRevenueNet" abstract="false" name="MountainRevenueNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_LodgingRevenueNet" abstract="false" name="LodgingRevenueNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_ContractBalancesAbstract" abstract="true" name="ContractBalancesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod" abstract="false" name="PrivateClubRecognizedInitiationFeesAverageRemainingPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:positiveIntegerItemType"/>
  <xs:element id="mtn_CoststoObtainContractswithCustomersAbstract" abstract="true" name="CoststoObtainContractswithCustomersAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_CanyonsObligationMember" abstract="true" name="CanyonsObligationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_WhistlerEmployeeHousingLeasesMember" abstract="true" name="WhistlerEmployeeHousingLeasesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_NorthstarResortFinanceLeasesMember" abstract="true" name="NorthstarResortFinanceLeasesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_NorthstarMember" abstract="true" name="NorthstarMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_OperatingCashOutflowsforFinanceLeases" abstract="false" name="OperatingCashOutflowsforFinanceLeases" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_LesseeOperatingAndFinanceLeaseTerm" abstract="false" name="LesseeOperatingAndFinanceLeaseTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="mtn_CurrentOperatingLeaseLiability" abstract="false" name="CurrentOperatingLeaseLiability" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_WeightedAverageNumberofSharesOutstandingCommon" abstract="false" name="WeightedAverageNumberofSharesOutstandingCommon" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_WeightedAverageNumberofSharesOutstandingExchangeable" abstract="false" name="WeightedAverageNumberofSharesOutstandingExchangeable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_UnrecognizedCompensationExpenseAxis" abstract="true" name="UnrecognizedCompensationExpenseAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="mtn_UnrecognizedCompensationExpenseDomain" abstract="false" name="UnrecognizedCompensationExpenseDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_ExpectedToBeRecognizedInOneYearMember" abstract="false" name="ExpectedToBeRecognizedInOneYearMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_CanyonsMember" abstract="true" name="CanyonsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_DebtInstrumentByTrancheAxis" abstract="true" name="DebtInstrumentByTrancheAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="mtn_TrancheOfDebtDomain" abstract="false" name="TrancheOfDebtDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_TrancheaMember" abstract="false" name="TrancheaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_TrancheBMember" abstract="false" name="TrancheBMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_HunterMountainSecuredNoteMember" abstract="true" name="HunterMountainSecuredNoteMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_MountSnowSecuredNoteMember" abstract="true" name="MountSnowSecuredNoteMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_BreckenridgeTerraceMember" abstract="false" name="BreckenridgeTerraceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_TarnesMember" abstract="false" name="TarnesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_BcHousingMember" abstract="false" name="BcHousingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_TenderfootMember" abstract="false" name="TenderfootMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_A6.50NotesMember" abstract="true" name="A6.50NotesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_WhistlerCreditAgreementrevolverMember" abstract="true" name="WhistlerCreditAgreementrevolverMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_TermLoanMember" abstract="true" name="TermLoanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_EmployeeHousingBondsMember" abstract="false" name="EmployeeHousingBondsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_OtherDebtMember" abstract="false" name="OtherDebtMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_AlpineValleySecuredNoteMember" abstract="true" name="AlpineValleySecuredNoteMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_BostonMillsBrandywineSecuredNoteMember" abstract="true" name="BostonMillsBrandywineSecuredNoteMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_JackFrostBigBoulderSecuredNoteMember" abstract="true" name="JackFrostBigBoulderSecuredNoteMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_AnnualInterestRateIncreaseCap" abstract="false" name="AnnualInterestRateIncreaseCap" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="mtn_EPRAdditionalInterestRate" abstract="false" name="EPRAdditionalInterestRate" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="mtn_DebtInstrumentYearofMaturity" abstract="false" name="DebtInstrumentYearofMaturity" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:gYearItemType"/>
  <xs:element id="mtn_InitialCapitalLeaseTerm" abstract="false" name="InitialCapitalLeaseTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_OptionalLeaseRenewalTerm" abstract="false" name="OptionalLeaseRenewalTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_MinimumCapitalLeasePaymentAnnual" abstract="false" name="MinimumCapitalLeasePaymentAnnual" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_AdjustmentsToCapitalLeaseAnnualPayments" abstract="false" name="AdjustmentsToCapitalLeaseAnnualPayments" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance" abstract="false" name="ConvertibleDebtPartialRedemptionMinimumRemainingBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1" abstract="false" name="DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="mtn_DebtInstrumentConvertibleMeasurementPeriod" abstract="false" name="DebtInstrumentConvertibleMeasurementPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="mtn_MtnInterestRateSwapNotionalAmount" abstract="false" name="MtnInterestRateSwapNotionalAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_MtnBusinessCombinationRemainderPayment" abstract="false" name="MtnBusinessCombinationRemainderPayment" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_MountainMember" abstract="false" name="MountainMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_FinanceLeasedAssetsLand" abstract="false" name="FinanceLeasedAssetsLand" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_FinanceLeasedAssetsLandImprovements" abstract="false" name="FinanceLeasedAssetsLandImprovements" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements" abstract="false" name="FinanceLeasedAssetsBuildingsAndBuildingImprovements" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_CapitalLeasedAssetsMachineryandEquipment" abstract="false" name="CapitalLeasedAssetsMachineryandEquipment" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_FinanceLeasedAssetsAccumulatedDepreciation" abstract="false" name="FinanceLeasedAssetsAccumulatedDepreciation" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_FinanceLeasedAssetsNet" abstract="false" name="FinanceLeasedAssetsNet" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_LandAndLandImprovementsGross" abstract="false" name="LandAndLandImprovementsGross" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_VehiclesGross" abstract="false" name="VehiclesGross" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract" abstract="true" name="PropertyPlantandEquipmentunderCapitalLeaseAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_GoodwillAccumulatedAmortization" abstract="false" name="GoodwillAccumulatedAmortization" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization" abstract="false" name="IndefiniteLivedIntangibleAssetsAccumulatedAmortization" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet" abstract="false" name="IndefiniteLivedIntangibleAssetsExcludingGoodwillNet" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_GrossIntangibleAssetsExcludingGoodwill" abstract="false" name="GrossIntangibleAssetsExcludingGoodwill" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_AccumulatedAmortizationExcludingGoodwill" abstract="false" name="AccumulatedAmortizationExcludingGoodwill" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_LodgingMember" abstract="false" name="LodgingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_ContingentConsiderationKeyAssumptionsforValuation" abstract="false" name="ContingentConsiderationKeyAssumptionsforValuation" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_ContingentConsiderationFairValueDisclosure" abstract="false" name="ContingentConsiderationFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_PeakResortsInc.Member" abstract="true" name="PeakResortsInc.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_ForeignRefundablePayrollTaxCredits" abstract="false" name="ForeignRefundablePayrollTaxCredits" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_DeferredTaxAssetCanyonsObligation" abstract="false" name="DeferredTaxAssetCanyonsObligation" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_DeferredTaxAssetsOperatingLeaseLiabilities" abstract="false" name="DeferredTaxAssetsOperatingLeaseLiabilities" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" abstract="false" name="EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" abstract="false" name="EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract" abstract="true" name="ComponentsofIncomeBeforeIncomeTaxesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract" abstract="true" name="PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_PerisherMember" abstract="true" name="PerisherMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_MadRiverMountainMember" abstract="true" name="MadRiverMountainMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_HothamMember" abstract="true" name="HothamMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_FallsCreekMember" abstract="true" name="FallsCreekMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_UsernCorporationMember" abstract="true" name="UsernCorporationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_SwissConfederationLease1Member" abstract="true" name="SwissConfederationLease1Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_SwissConfederationLease2Member" abstract="true" name="SwissConfederationLease2Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_MunicipalityOfTujetschMember" abstract="true" name="MunicipalityOfTujetschMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_FederalOfficeOfTransportConcession1Member" abstract="true" name="FederalOfficeOfTransportConcession1Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_FederalOfficeOfTransportConcession2Member" abstract="true" name="FederalOfficeOfTransportConcession2Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_SwissConfederationLease3Member" abstract="true" name="SwissConfederationLease3Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_SwissConfederationLease4Member" abstract="true" name="SwissConfederationLease4Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember" abstract="false" name="WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_HollandCreekMetropolitanDistrictMember" abstract="false" name="HollandCreekMetropolitanDistrictMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_SuretyBondsOutstanding" abstract="false" name="SuretyBondsOutstanding" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_NumberOfOptionalLeaseRenewalTerms" abstract="false" name="NumberOfOptionalLeaseRenewalTerms" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="mtn_DescriptionofPercentageRent" abstract="false" name="DescriptionofPercentageRent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="mtn_LeaseExpirationYear" abstract="false" name="LeaseExpirationYear" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:gYearItemType"/>
  <xs:element id="mtn_ResortMember" abstract="false" name="ResortMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_RealEstateSegmentMember" abstract="true" name="RealEstateSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_DoubletreeBreckenridgeMember" abstract="true" name="DoubletreeBreckenridgeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_MountainExpensesNet" abstract="false" name="MountainExpensesNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_LodgingExpensesNet" abstract="false" name="LodgingExpensesNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_EarningBeforeInterestTaxesDepreciationAndAmortization" abstract="false" name="EarningBeforeInterestTaxesDepreciationAndAmortization" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" abstract="false" name="StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_RestrictedStockUnitsRsusMember" abstract="false" name="RestrictedStockUnitsRsusMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod" abstract="false" name="ShareBasedCompensationArrangementSarsGrantedInPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" abstract="false" name="StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod" abstract="false" name="ShareBasedCompensationArrangementSarsGrantsInPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementSarsVestedInPeriod" abstract="false" name="ShareBasedCompensationArrangementSarsVestedInPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod" abstract="false" name="ShareBasedCompensationArrangementSarsForfeitedInPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" abstract="false" name="ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue" abstract="false" name="ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue" abstract="false" name="ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue" abstract="false" name="ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" abstract="false" name="ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod" abstract="false" name="ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod" abstract="false" name="NumberOfRestrictedStockUnitsVestedDuringPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod" abstract="false" name="ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" abstract="false" name="ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue" abstract="false" name="ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue" abstract="false" name="ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue" abstract="false" name="ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="mtn_DefinedContributionPlanEmployeeContributionPercentage" abstract="false" name="DefinedContributionPlanEmployeeContributionPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="mtn_DefinedContributionPlanEmployerContributionPercentage" abstract="false" name="DefinedContributionPlanEmployerContributionPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths" abstract="false" name="DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours" abstract="false" name="DefinedContributionPlanIndividualRequisiteServicePeriodInHours" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:positiveIntegerItemType"/>
  <xs:element id="mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours" abstract="false" name="DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:positiveIntegerItemType"/>
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>10
<FILENAME>mtn-20240731_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:d5f9b4a5-ad73-4cf5-9885-aa2f84d9088e,g:b05a5fc7-e025-4429-99bf-42c2b1aa630e-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedBalanceSheets" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedBalanceSheets"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedBalanceSheets" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_b73eb84b-b0b3-4484-9e2f-20f9fd4a7f7d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_cbd02e1e-1375-4ffc-bc19-19c8c1e0acc1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_b73eb84b-b0b3-4484-9e2f-20f9fd4a7f7d" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_cbd02e1e-1375-4ffc-bc19-19c8c1e0acc1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_d2415283-240a-4812-90d5-9db933e97414" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_b73eb84b-b0b3-4484-9e2f-20f9fd4a7f7d" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_d2415283-240a-4812-90d5-9db933e97414" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_d0d2e5af-890e-4749-a7d5-80b7aebe8d46" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_b73eb84b-b0b3-4484-9e2f-20f9fd4a7f7d" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_d0d2e5af-890e-4749-a7d5-80b7aebe8d46" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryNet_17b98afd-c953-477b-8a8b-02e7b476d539" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryNet"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_b73eb84b-b0b3-4484-9e2f-20f9fd4a7f7d" xlink:to="loc_us-gaap_InventoryNet_17b98afd-c953-477b-8a8b-02e7b476d539" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsCurrent_02e6bf4f-6986-4ee4-981e-a34ccbb02241" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_b73eb84b-b0b3-4484-9e2f-20f9fd4a7f7d" xlink:to="loc_us-gaap_OtherAssetsCurrent_02e6bf4f-6986-4ee4-981e-a34ccbb02241" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_b6757503-9f87-43d3-be28-132a65733842" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccountsPayableAccruedLiabilities_3fd5bd7f-9422-475c-b71a-ceb28cd62dfd" xlink:href="mtn-20240731.xsd#mtn_AccountsPayableAccruedLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_b6757503-9f87-43d3-be28-132a65733842" xlink:to="loc_mtn_AccountsPayableAccruedLiabilities_3fd5bd7f-9422-475c-b71a-ceb28cd62dfd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedIncomeTaxesCurrent_c2031635-ef5d-4273-92b2-2193b607cf92" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedIncomeTaxesCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_b6757503-9f87-43d3-be28-132a65733842" xlink:to="loc_us-gaap_AccruedIncomeTaxesCurrent_c2031635-ef5d-4273-92b2-2193b607cf92" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_1604986e-c46b-4e9a-9f37-ea552349da81" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_b6757503-9f87-43d3-be28-132a65733842" xlink:to="loc_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_1604986e-c46b-4e9a-9f37-ea552349da81" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_6e6a30c1-7991-4a7c-8799-578e9841e971" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_e7d4df8d-e02b-47bb-9dc3-046a8b04f374" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquity"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_6e6a30c1-7991-4a7c-8799-578e9841e971" xlink:to="loc_us-gaap_StockholdersEquity_e7d4df8d-e02b-47bb-9dc3-046a8b04f374" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterest_2dc060b3-9177-411e-8d9e-fc423199209a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterest"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_6e6a30c1-7991-4a7c-8799-578e9841e971" xlink:to="loc_us-gaap_MinorityInterest_2dc060b3-9177-411e-8d9e-fc423199209a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_68dd7e58-1725-466d-8bb4-a6fb425f6480" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockValue_0c766c07-b818-4149-91e5-58a0dadf1dee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_68dd7e58-1725-466d-8bb4-a6fb425f6480" xlink:to="loc_us-gaap_PreferredStockValue_0c766c07-b818-4149-91e5-58a0dadf1dee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_1504a5a5-6dfb-424a-8547-7a752c5b0c58" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_68dd7e58-1725-466d-8bb4-a6fb425f6480" xlink:to="loc_us-gaap_CommonStockValue_1504a5a5-6dfb-424a-8547-7a752c5b0c58" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_3d588bfb-6b9c-4a0f-abac-b9e53de1b188" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_68dd7e58-1725-466d-8bb4-a6fb425f6480" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_3d588bfb-6b9c-4a0f-abac-b9e53de1b188" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_3e73d259-943d-4550-8ebd-2c60f05cba2a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_68dd7e58-1725-466d-8bb4-a6fb425f6480" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_3e73d259-943d-4550-8ebd-2c60f05cba2a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_34435e3a-af1c-4b10-84a9-3d338cc310ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_68dd7e58-1725-466d-8bb4-a6fb425f6480" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_34435e3a-af1c-4b10-84a9-3d338cc310ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCarryingBasis_8b0ff82e-29b9-428a-8bda-170e1aa9594d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCarryingBasis"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_68dd7e58-1725-466d-8bb4-a6fb425f6480" xlink:to="loc_us-gaap_TreasuryStockCarryingBasis_8b0ff82e-29b9-428a-8bda-170e1aa9594d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_e165faf2-0ea1-4b91-bc97-dffba721ec34" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_8a279f3e-b416-439d-abd7-7199bb866ac3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_e165faf2-0ea1-4b91-bc97-dffba721ec34" xlink:to="loc_us-gaap_LiabilitiesCurrent_8a279f3e-b416-439d-abd7-7199bb866ac3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_9994f585-31cb-4742-b3f1-e28fb4b28439" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_e165faf2-0ea1-4b91-bc97-dffba721ec34" xlink:to="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_9994f585-31cb-4742-b3f1-e28fb4b28439" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_af1218c4-d26b-45fe-aa8c-dee2e346008a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_e165faf2-0ea1-4b91-bc97-dffba721ec34" xlink:to="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_af1218c4-d26b-45fe-aa8c-dee2e346008a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherLongTermLiabilitiesNoncurrent_3bf9d311-7c8e-4498-b4f9-0499aad115cb" xlink:href="mtn-20240731.xsd#mtn_OtherLongTermLiabilitiesNoncurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_e165faf2-0ea1-4b91-bc97-dffba721ec34" xlink:to="loc_mtn_OtherLongTermLiabilitiesNoncurrent_3bf9d311-7c8e-4498-b4f9-0499aad115cb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_f7d6e8ad-5800-4921-81ea-88cab9a5e4b4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_e165faf2-0ea1-4b91-bc97-dffba721ec34" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_f7d6e8ad-5800-4921-81ea-88cab9a5e4b4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_08d80bf5-1cf8-4d7a-8945-39c3b567f8cd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_c7c97d47-9986-4809-97da-cb0a9fe86bdf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_08d80bf5-1cf8-4d7a-8945-39c3b567f8cd" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_c7c97d47-9986-4809-97da-cb0a9fe86bdf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_c3304ade-eb5d-4fde-b107-20445434b3ca" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_08d80bf5-1cf8-4d7a-8945-39c3b567f8cd" xlink:to="loc_us-gaap_Liabilities_c3304ade-eb5d-4fde-b107-20445434b3ca" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_932c6c71-c6fb-472b-b96c-89001e7b01c7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_786bc97c-4a1e-4536-8701-4ed0178e5d1c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_932c6c71-c6fb-472b-b96c-89001e7b01c7" xlink:to="loc_us-gaap_AssetsCurrent_786bc97c-4a1e-4536-8701-4ed0178e5d1c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_190a1b11-8cc2-4c02-9d12-467d7a1067cc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_932c6c71-c6fb-472b-b96c-89001e7b01c7" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_190a1b11-8cc2-4c02-9d12-467d7a1067cc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryRealEstate_c71f1846-d748-4a26-b8d3-e2e24d572401" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryRealEstate"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_932c6c71-c6fb-472b-b96c-89001e7b01c7" xlink:to="loc_us-gaap_InventoryRealEstate_c71f1846-d748-4a26-b8d3-e2e24d572401" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_dd3b3ba8-8298-48eb-ab57-48db13493b7c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_932c6c71-c6fb-472b-b96c-89001e7b01c7" xlink:to="loc_us-gaap_Goodwill_dd3b3ba8-8298-48eb-ab57-48db13493b7c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_b96c98f2-8481-4a60-a38e-c9915bb02c81" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_932c6c71-c6fb-472b-b96c-89001e7b01c7" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_b96c98f2-8481-4a60-a38e-c9915bb02c81" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_52935666-af4f-4d52-a332-95b16158366a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_932c6c71-c6fb-472b-b96c-89001e7b01c7" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_52935666-af4f-4d52-a332-95b16158366a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsNoncurrent_e8176c14-4c6d-42b8-a513-5650040d33bd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsNoncurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_932c6c71-c6fb-472b-b96c-89001e7b01c7" xlink:to="loc_us-gaap_OtherAssetsNoncurrent_e8176c14-4c6d-42b8-a513-5650040d33bd" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementsOfOperations"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_cf72386c-9524-43c9-b4bb-3df312bbe6f3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_d2ff3e62-3a5f-4c73-a2c2-2523f1f055cd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_cf72386c-9524-43c9-b4bb-3df312bbe6f3" xlink:to="loc_us-gaap_ProfitLoss_d2ff3e62-3a5f-4c73-a2c2-2523f1f055cd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_8df6c14a-f494-4ed3-bfb0-a24cba75d429" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_cf72386c-9524-43c9-b4bb-3df312bbe6f3" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_8df6c14a-f494-4ed3-bfb0-a24cba75d429" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_55e21b3a-1ade-4335-b024-2f4a472ca72c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_38d932dd-47f4-4166-85d3-1034cdc200d7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_55e21b3a-1ade-4335-b024-2f4a472ca72c" xlink:to="loc_us-gaap_Revenues_38d932dd-47f4-4166-85d3-1034cdc200d7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCostsExpensesAndCostOfSales_26d10d94-55b1-40db-8d0f-0a96223581f8" xlink:href="mtn-20240731.xsd#mtn_OperatingCostsExpensesAndCostOfSales"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_55e21b3a-1ade-4335-b024-2f4a472ca72c" xlink:to="loc_mtn_OperatingCostsExpensesAndCostOfSales_26d10d94-55b1-40db-8d0f-0a96223581f8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_8238cc59-ce49-4255-8b89-32f14469c1df" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_55e21b3a-1ade-4335-b024-2f4a472ca72c" xlink:to="loc_us-gaap_DepreciationAndAmortization_8238cc59-ce49-4255-8b89-32f14469c1df" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets_c8ddb174-c83e-412f-9efd-deb0fadb6715" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfAssets"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_55e21b3a-1ade-4335-b024-2f4a472ca72c" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets_c8ddb174-c83e-412f-9efd-deb0fadb6715" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ChangeinFairValueofContingentConsideration_03f6c9bb-ad45-4fba-8f50-d89e1f25c53e" xlink:href="mtn-20240731.xsd#mtn_ChangeinFairValueofContingentConsideration"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_55e21b3a-1ade-4335-b024-2f4a472ca72c" xlink:to="loc_mtn_ChangeinFairValueofContingentConsideration_03f6c9bb-ad45-4fba-8f50-d89e1f25c53e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GainOnSaleOfRealProperty_1653dc5b-a584-4181-991d-76dd8a56991d" xlink:href="mtn-20240731.xsd#mtn_GainOnSaleOfRealProperty"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_55e21b3a-1ade-4335-b024-2f4a472ca72c" xlink:to="loc_mtn_GainOnSaleOfRealProperty_1653dc5b-a584-4181-991d-76dd8a56991d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCostsExpensesAndCostOfSales_0338e3b1-08ee-40d1-814b-f54e3b330aea" xlink:href="mtn-20240731.xsd#mtn_OperatingCostsExpensesAndCostOfSales"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateExpense_9401ec91-fccc-4831-8d65-d4132f9cfa40" xlink:href="mtn-20240731.xsd#mtn_RealEstateExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_OperatingCostsExpensesAndCostOfSales_0338e3b1-08ee-40d1-814b-f54e3b330aea" xlink:to="loc_mtn_RealEstateExpense_9401ec91-fccc-4831-8d65-d4132f9cfa40" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodginggeneralandadministrativeexpense_f669f246-876c-4000-9ab9-f3042af6a6fe" xlink:href="mtn-20240731.xsd#mtn_MountainandLodginggeneralandadministrativeexpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_OperatingCostsExpensesAndCostOfSales_0338e3b1-08ee-40d1-814b-f54e3b330aea" xlink:to="loc_mtn_MountainandLodginggeneralandadministrativeexpense_f669f246-876c-4000-9ab9-f3042af6a6fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingoperatingexpenses_b324e196-b427-4d1c-84ee-78b30b4547d2" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingoperatingexpenses"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_OperatingCostsExpensesAndCostOfSales_0338e3b1-08ee-40d1-814b-f54e3b330aea" xlink:to="loc_mtn_MountainandLodgingoperatingexpenses_b324e196-b427-4d1c-84ee-78b30b4547d2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingcostofproductssold_363530c7-a97e-4814-9a9f-51c6d03cdfb2" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingcostofproductssold"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_OperatingCostsExpensesAndCostOfSales_0338e3b1-08ee-40d1-814b-f54e3b330aea" xlink:to="loc_mtn_MountainandLodgingcostofproductssold_363530c7-a97e-4814-9a9f-51c6d03cdfb2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_b0eafd4b-54b8-4c54-8d76-35c5c93bb7d1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_7559b879-fb3b-448c-8277-2629a5788f65" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_b0eafd4b-54b8-4c54-8d76-35c5c93bb7d1" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_7559b879-fb3b-448c-8277-2629a5788f65" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_e302c1e6-3509-4acb-af0f-ec7fbda6109c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_b0eafd4b-54b8-4c54-8d76-35c5c93bb7d1" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_e302c1e6-3509-4acb-af0f-ec7fbda6109c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_1f3830f2-19c1-4ff0-b653-67dcba63ca1c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingretailanddiningrevenue_ac90b571-ea09-481e-93a0-cad72e159ed7" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingretailanddiningrevenue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_1f3830f2-19c1-4ff0-b653-67dcba63ca1c" xlink:to="loc_mtn_MountainandLodgingretailanddiningrevenue_ac90b571-ea09-481e-93a0-cad72e159ed7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingservicesandotherrevenue_87523eb2-c407-4bbc-926f-501868c250ff" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingservicesandotherrevenue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_1f3830f2-19c1-4ff0-b653-67dcba63ca1c" xlink:to="loc_mtn_MountainandLodgingservicesandotherrevenue_87523eb2-c407-4bbc-926f-501868c250ff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateRevenue_3445f757-9936-43d9-be6d-ee436c86333e" xlink:href="mtn-20240731.xsd#mtn_RealEstateRevenue"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_1f3830f2-19c1-4ff0-b653-67dcba63ca1c" xlink:to="loc_mtn_RealEstateRevenue_3445f757-9936-43d9-be6d-ee436c86333e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_619ee986-37f4-49ab-9e6a-3a0de538a501" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_6dcc90b8-d252-47ed-984f-f69819c50b39" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_619ee986-37f4-49ab-9e6a-3a0de538a501" xlink:to="loc_us-gaap_OperatingIncomeLoss_6dcc90b8-d252-47ed-984f-f69819c50b39" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_55d87963-27e3-4924-9699-13cf840f3ec0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpense"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_619ee986-37f4-49ab-9e6a-3a0de538a501" xlink:to="loc_us-gaap_InterestExpense_55d87963-27e3-4924-9699-13cf840f3ec0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainEquityInvestmentIncomeLossNet_592cf438-fcb4-4300-8f83-51ef24fb08cf" xlink:href="mtn-20240731.xsd#mtn_MountainEquityInvestmentIncomeLossNet"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_619ee986-37f4-49ab-9e6a-3a0de538a501" xlink:to="loc_mtn_MountainEquityInvestmentIncomeLossNet_592cf438-fcb4-4300-8f83-51ef24fb08cf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_866c5951-1f45-4a16-8bbb-4d2fbd80ddb3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_619ee986-37f4-49ab-9e6a-3a0de538a501" xlink:to="loc_us-gaap_InvestmentIncomeInterest_866c5951-1f45-4a16-8bbb-4d2fbd80ddb3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_70798d16-9790-4b46-a73e-3b435115c5b7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_619ee986-37f4-49ab-9e6a-3a0de538a501" xlink:to="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_70798d16-9790-4b46-a73e-3b435115c5b7" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementofComprehensiveIncome"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_f0327be8-aec7-42ea-8333-0baa8be0d53f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_9293e694-cb60-4e5a-a29c-41f1c6187682" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_f0327be8-aec7-42ea-8333-0baa8be0d53f" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_9293e694-cb60-4e5a-a29c-41f1c6187682" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_0e7a706a-afb8-4625-8017-552874ad451c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_f0327be8-aec7-42ea-8333-0baa8be0d53f" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_0e7a706a-afb8-4625-8017-552874ad451c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_7493c413-738a-45d3-87a1-7964d78afc5b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_dc395e09-62aa-488f-b007-fbb09f217519" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_7493c413-738a-45d3-87a1-7964d78afc5b" xlink:to="loc_us-gaap_ProfitLoss_dc395e09-62aa-488f-b007-fbb09f217519" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_5b4b8a0f-e25a-4ed6-b03e-20f0f2d99eba" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_7493c413-738a-45d3-87a1-7964d78afc5b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_5b4b8a0f-e25a-4ed6-b03e-20f0f2d99eba" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1_bc9aca6a-311d-4372-b9e4-f14a560c7a01" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_7493c413-738a-45d3-87a1-7964d78afc5b" xlink:to="loc_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1_bc9aca6a-311d-4372-b9e4-f14a560c7a01" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementsOfCashFlows"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_346a18c1-027b-464e-88f9-e1364ea231cb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets_a1a1d8b0-6ae3-4434-83ba-75f659df2751" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireProductiveAssets"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_346a18c1-027b-464e-88f9-e1364ea231cb" xlink:to="loc_us-gaap_PaymentsToAcquireProductiveAssets_a1a1d8b0-6ae3-4434-83ba-75f659df2751" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_766ab9db-e40e-474c-99ea-00c717b885d6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_346a18c1-027b-464e-88f9-e1364ea231cb" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_766ab9db-e40e-474c-99ea-00c717b885d6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BusinessCombinationDepositsReturned_d49e21d9-e13e-49fd-8e7e-e65c451a1575" xlink:href="mtn-20240731.xsd#mtn_BusinessCombinationDepositsReturned"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_346a18c1-027b-464e-88f9-e1364ea231cb" xlink:to="loc_mtn_BusinessCombinationDepositsReturned_d49e21d9-e13e-49fd-8e7e-e65c451a1575" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BusinessCombinationDeposits_d10f27ea-7722-492e-bd57-7922fb922982" xlink:href="mtn-20240731.xsd#mtn_BusinessCombinationDeposits"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_346a18c1-027b-464e-88f9-e1364ea231cb" xlink:to="loc_mtn_BusinessCombinationDeposits_d10f27ea-7722-492e-bd57-7922fb922982" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireShortTermInvestments_fb285d48-8166-438b-ac95-954832cd576c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireShortTermInvestments"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_346a18c1-027b-464e-88f9-e1364ea231cb" xlink:to="loc_us-gaap_PaymentsToAcquireShortTermInvestments_fb285d48-8166-438b-ac95-954832cd576c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_068ba2c9-8e31-4fde-a142-dea433fb3d47" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_346a18c1-027b-464e-88f9-e1364ea231cb" xlink:to="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_068ba2c9-8e31-4fde-a142-dea433fb3d47" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_4dc42bd4-7d19-46ff-b711-4ece8222824e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_346a18c1-027b-464e-88f9-e1364ea231cb" xlink:to="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_4dc42bd4-7d19-46ff-b711-4ece8222824e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_12e86c2b-7d44-4497-ab11-dd597815c7cb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_346a18c1-027b-464e-88f9-e1364ea231cb" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_12e86c2b-7d44-4497-ab11-dd597815c7cb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_c9f11728-0af6-4de7-a222-dc0fcdb5ccd4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_ProfitLoss_c9f11728-0af6-4de7-a222-dc0fcdb5ccd4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_a3493d8a-9993-45c7-a64b-e3c6e79d201a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_DepreciationAndAmortization_a3493d8a-9993-45c7-a64b-e3c6e79d201a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_fa88c533-6953-433d-a42f-1b4dd3b02e41" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensation"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_ShareBasedCompensation_fa88c533-6953-433d-a42f-1b4dd3b02e41" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_1308c631-aa2b-42d0-aaa3-65f3c5f93b51" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_1308c631-aa2b-42d0-aaa3-65f3c5f93b51" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets1_0c687a24-dc13-4d31-b3ee-0607fbe46059" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfAssets1"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets1_0c687a24-dc13-4d31-b3ee-0607fbe46059" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ChangeinFairValueofContingentConsideration_2e2a44e4-5da1-407e-8770-1cf7906dc789" xlink:href="mtn-20240731.xsd#mtn_ChangeinFairValueofContingentConsideration"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_mtn_ChangeinFairValueofContingentConsideration_2e2a44e4-5da1-407e-8770-1cf7906dc789" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashIncome_fafc5eed-7e9f-4f7e-9ced-8dfde359e15c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherNoncashIncome"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_OtherNoncashIncome_fafc5eed-7e9f-4f7e-9ced-8dfde359e15c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashExpense_1e025c09-3972-45b4-8ad6-8f0cf1d7614f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherNoncashExpense"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_OtherNoncashExpense_1e025c09-3972-45b4-8ad6-8f0cf1d7614f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_106c4005-0683-4cbc-a32d-536854c46385" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_106c4005-0683-4cbc-a32d-536854c46385" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_54d35cdd-707f-44a8-b673-ed083525256c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInInventories"/>
    <link:calculationArc order="10" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_54d35cdd-707f-44a8-b673-ed083525256c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_a076f6ab-7406-4f15-bc52-139ec118609d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_a076f6ab-7406-4f15-bc52-139ec118609d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredRevenue_8dc094d6-fa74-49d2-b529-cd34fd694b30" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_IncreaseDecreaseInDeferredRevenue_8dc094d6-fa74-49d2-b529-cd34fd694b30" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_b9c7d5b2-2229-4a97-8126-f5c655cda706" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_b9c7d5b2-2229-4a97-8126-f5c655cda706" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_380035e4-199b-4795-9131-8438b47b8f58" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet"/>
    <link:calculationArc order="14" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_d6316141-ca44-4936-b919-aec0e883abe5" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_380035e4-199b-4795-9131-8438b47b8f58" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_304dd7ef-a60f-4757-b2be-00f0490c496d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_7b2080ff-1b5d-46fd-ac4c-fae9bd3a4f32" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_304dd7ef-a60f-4757-b2be-00f0490c496d" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_7b2080ff-1b5d-46fd-ac4c-fae9bd3a4f32" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_be58ff92-4eb3-4ef4-bda5-059935e96138" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_304dd7ef-a60f-4757-b2be-00f0490c496d" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_be58ff92-4eb3-4ef4-bda5-059935e96138" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_033bb087-c99f-493d-b1ce-441b916f598f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_304dd7ef-a60f-4757-b2be-00f0490c496d" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_033bb087-c99f-493d-b1ce-441b916f598f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_a6bfbe74-b97c-4820-95a8-c0e2c6195284" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_304dd7ef-a60f-4757-b2be-00f0490c496d" xlink:to="loc_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_a6bfbe74-b97c-4820-95a8-c0e2c6195284" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_c709fae3-7b5c-49e0-9c95-bf55dfa2b545" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ProceedsFrom6.50SeniorNotes_ad83d989-5e1b-4090-b0f9-b7368225c8dd" xlink:href="mtn-20240731.xsd#mtn_ProceedsFrom6.50SeniorNotes"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_c709fae3-7b5c-49e0-9c95-bf55dfa2b545" xlink:to="loc_mtn_ProceedsFrom6.50SeniorNotes_ad83d989-5e1b-4090-b0f9-b7368225c8dd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsofTermLoan_cbe88efc-720b-4e07-bd13-6f132d2ca312" xlink:href="mtn-20240731.xsd#mtn_RepaymentsofTermLoan"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_c709fae3-7b5c-49e0-9c95-bf55dfa2b545" xlink:to="loc_mtn_RepaymentsofTermLoan_cbe88efc-720b-4e07-bd13-6f132d2ca312" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsOfBorrowingsUnder6.25Notes_7b2e0860-e1c3-4e4e-91c1-93cea98f4e19" xlink:href="mtn-20240731.xsd#mtn_RepaymentsOfBorrowingsUnder6.25Notes"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_c709fae3-7b5c-49e0-9c95-bf55dfa2b545" xlink:to="loc_mtn_RepaymentsOfBorrowingsUnder6.25Notes_7b2e0860-e1c3-4e4e-91c1-93cea98f4e19" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsofWhistlerCreditAgreementrevolver_09e3db55-abdd-4e78-be56-601b7165d143" xlink:href="mtn-20240731.xsd#mtn_RepaymentsofWhistlerCreditAgreementrevolver"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_c709fae3-7b5c-49e0-9c95-bf55dfa2b545" xlink:to="loc_mtn_RepaymentsofWhistlerCreditAgreementrevolver_09e3db55-abdd-4e78-be56-601b7165d143" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentOfEB5DevelopmentNotes_00edd984-dc4b-4f27-9903-66b8cdd6ead3" xlink:href="mtn-20240731.xsd#mtn_RepaymentOfEB5DevelopmentNotes"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_c709fae3-7b5c-49e0-9c95-bf55dfa2b545" xlink:to="loc_mtn_RepaymentOfEB5DevelopmentNotes_00edd984-dc4b-4f27-9903-66b8cdd6ead3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_3ef99ebe-1537-4863-8f74-9eebad6b7f62" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_c709fae3-7b5c-49e0-9c95-bf55dfa2b545" xlink:to="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_3ef99ebe-1537-4863-8f74-9eebad6b7f62" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_12b38e06-867d-41cb-87de-8354b74bc631" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_c709fae3-7b5c-49e0-9c95-bf55dfa2b545" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_12b38e06-867d-41cb-87de-8354b74bc631" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividends_ff86bdc8-3a08-46ea-ab01-3ed58dad0221" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsOfDividends"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_c709fae3-7b5c-49e0-9c95-bf55dfa2b545" xlink:to="loc_us-gaap_PaymentsOfDividends_ff86bdc8-3a08-46ea-ab01-3ed58dad0221" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_8ddeb0cd-ffbb-4b1b-81f6-67de3c2e6954" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_c709fae3-7b5c-49e0-9c95-bf55dfa2b545" xlink:to="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_8ddeb0cd-ffbb-4b1b-81f6-67de3c2e6954" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax_b8db103a-2df5-4132-b18c-ee7ef430a0b3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_81ac223d-a858-4b56-a208-1eba61b7af45" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax_b8db103a-2df5-4132-b18c-ee7ef430a0b3" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_81ac223d-a858-4b56-a208-1eba61b7af45" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_cee47e2d-a4bc-4cf4-903b-d17531a3cfe2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax_b8db103a-2df5-4132-b18c-ee7ef430a0b3" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_cee47e2d-a4bc-4cf4-903b-d17531a3cfe2" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/NetIncomePerCommonShareDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#NetIncomePerCommonShareDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/NetIncomePerCommonShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5323f9f9-915c-4619-b426-6cf16e35c588" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_aaa0ad33-925d-405d-956a-f33fdbd948e3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5323f9f9-915c-4619-b426-6cf16e35c588" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_aaa0ad33-925d-405d-956a-f33fdbd948e3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_f54adbe2-0f6d-4162-81a4-2f47b2688567" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5323f9f9-915c-4619-b426-6cf16e35c588" xlink:to="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_f54adbe2-0f6d-4162-81a4-2f47b2688567" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_8ca0d9f1-149d-4350-aef8-87a48a41e813" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_f8c94bfc-acaa-4f25-8008-762dfa20aaeb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_8ca0d9f1-149d-4350-aef8-87a48a41e813" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_f8c94bfc-acaa-4f25-8008-762dfa20aaeb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_206f4141-52d6-4bdc-923f-33210470760d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_8ca0d9f1-149d-4350-aef8-87a48a41e813" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_206f4141-52d6-4bdc-923f-33210470760d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_d086ad7d-6148-4f1a-ad8d-dad4e8dd15a5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_8ca0d9f1-149d-4350-aef8-87a48a41e813" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_d086ad7d-6148-4f1a-ad8d-dad4e8dd15a5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_39231460-afdc-40bf-92be-e0977e00bc81" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_8ca0d9f1-149d-4350-aef8-87a48a41e813" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_39231460-afdc-40bf-92be-e0977e00bc81" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_afbb986b-55a7-46ab-961a-64f7edcb5734" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_8ca0d9f1-149d-4350-aef8-87a48a41e813" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_afbb986b-55a7-46ab-961a-64f7edcb5734" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_c0700d1c-919c-45eb-b74a-d5075258de8f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_8ca0d9f1-149d-4350-aef8-87a48a41e813" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_c0700d1c-919c-45eb-b74a-d5075258de8f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsNet_1dc2ff9e-a041-48f5-a90f-2507ce5c2762" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization_7868a6a0-9b2e-4021-9d53-5173beecf299" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_FinanceLeasedAssetsNet_1dc2ff9e-a041-48f5-a90f-2507ce5c2762" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization_7868a6a0-9b2e-4021-9d53-5173beecf299" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation_fd1e58f3-5d09-4761-8a26-fc1d95b4aadd" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsAccumulatedDepreciation"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_FinanceLeasedAssetsNet_1dc2ff9e-a041-48f5-a90f-2507ce5c2762" xlink:to="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation_fd1e58f3-5d09-4761-8a26-fc1d95b4aadd" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_208a9c22-3271-4195-b9e1-a3ba518ff175" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_b34b1aed-2622-40e5-83e7-11d494bc4eaf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_208a9c22-3271-4195-b9e1-a3ba518ff175" xlink:to="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_b34b1aed-2622-40e5-83e7-11d494bc4eaf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_141029a4-66e6-4f2b-9a00-a890a72e66e2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentGross"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_208a9c22-3271-4195-b9e1-a3ba518ff175" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentGross_141029a4-66e6-4f2b-9a00-a890a72e66e2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_4f46a301-548f-4699-be9e-8373f32b6f36" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentGross"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BuildingsAndImprovementsGross_85abc46e-b349-4776-9f24-0fa64c4db08c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BuildingsAndImprovementsGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentGross_4f46a301-548f-4699-be9e-8373f32b6f36" xlink:to="loc_us-gaap_BuildingsAndImprovementsGross_85abc46e-b349-4776-9f24-0fa64c4db08c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalizedComputerSoftwareGross_f43a983c-6448-4ce9-b6cc-5e89f5efb5bf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedComputerSoftwareGross"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentGross_4f46a301-548f-4699-be9e-8373f32b6f36" xlink:to="loc_us-gaap_CapitalizedComputerSoftwareGross_f43a983c-6448-4ce9-b6cc-5e89f5efb5bf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_VehiclesGross_7e253a63-74e0-48b5-950d-098cb2b4dcb6" xlink:href="mtn-20240731.xsd#mtn_VehiclesGross"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentGross_4f46a301-548f-4699-be9e-8373f32b6f36" xlink:to="loc_mtn_VehiclesGross_7e253a63-74e0-48b5-950d-098cb2b4dcb6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConstructionInProgressGross_2ddb4287-f07c-4917-96f4-376ffdbfd707" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConstructionInProgressGross"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentGross_4f46a301-548f-4699-be9e-8373f32b6f36" xlink:to="loc_us-gaap_ConstructionInProgressGross_2ddb4287-f07c-4917-96f4-376ffdbfd707" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FurnitureAndFixturesGross_24a4bf2d-8f16-4662-a53c-f92e88b50c10" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FurnitureAndFixturesGross"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentGross_4f46a301-548f-4699-be9e-8373f32b6f36" xlink:to="loc_us-gaap_FurnitureAndFixturesGross_24a4bf2d-8f16-4662-a53c-f92e88b50c10" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MachineryAndEquipmentGross_d44f67b0-aa16-477c-b279-1c3a7c2d8bce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MachineryAndEquipmentGross"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentGross_4f46a301-548f-4699-be9e-8373f32b6f36" xlink:to="loc_us-gaap_MachineryAndEquipmentGross_d44f67b0-aa16-477c-b279-1c3a7c2d8bce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LandAndLandImprovementsGross_e2b43545-c9ea-466c-b09b-d21637f30f3c" xlink:href="mtn-20240731.xsd#mtn_LandAndLandImprovementsGross"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentGross_4f46a301-548f-4699-be9e-8373f32b6f36" xlink:to="loc_mtn_LandAndLandImprovementsGross_e2b43545-c9ea-466c-b09b-d21637f30f3c" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_874d7caf-bf69-4c6c-8bd8-0b4f74bdc752" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_28da518b-e976-4be1-bdac-54e1756f90bc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_874d7caf-bf69-4c6c-8bd8-0b4f74bdc752" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsGross_28da518b-e976-4be1-bdac-54e1756f90bc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_202c26f1-f44d-4a14-827d-0ebad01faa3b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_874d7caf-bf69-4c6c-8bd8-0b4f74bdc752" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_202c26f1-f44d-4a14-827d-0ebad01faa3b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet_9c2ab5db-126f-42e8-bb9a-1023d174c1e7" xlink:href="mtn-20240731.xsd#mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_7e128b3a-40a6-4816-9edf-3280b2d2280d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet_9c2ab5db-126f-42e8-bb9a-1023d174c1e7" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_7e128b3a-40a6-4816-9edf-3280b2d2280d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization_f08946a5-24ef-4b1b-9780-b6a1f8cd8e3b" xlink:href="mtn-20240731.xsd#mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet_9c2ab5db-126f-42e8-bb9a-1023d174c1e7" xlink:to="loc_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization_f08946a5-24ef-4b1b-9780-b6a1f8cd8e3b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_f4d6d91c-765e-472d-8a34-01818accfc42" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillGross_d1c9e7b4-e011-42bb-a10a-72b004a3715b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Goodwill_f4d6d91c-765e-472d-8a34-01818accfc42" xlink:to="loc_us-gaap_GoodwillGross_d1c9e7b4-e011-42bb-a10a-72b004a3715b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GoodwillAccumulatedAmortization_fae0ced8-5e6b-47a7-bd13-3f81b87c0d49" xlink:href="mtn-20240731.xsd#mtn_GoodwillAccumulatedAmortization"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Goodwill_f4d6d91c-765e-472d-8a34-01818accfc42" xlink:to="loc_mtn_GoodwillAccumulatedAmortization_fae0ced8-5e6b-47a7-bd13-3f81b87c0d49" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss_c96a401b-f005-4bab-bc94-9e43a428eb45" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillImpairedAccumulatedImpairmentLoss"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Goodwill_f4d6d91c-765e-472d-8a34-01818accfc42" xlink:to="loc_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss_c96a401b-f005-4bab-bc94-9e43a428eb45" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_13c8c120-e31d-4fce-92c5-2d2f50d00694" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GrossIntangibleAssetsExcludingGoodwill_d39a86ad-3f6c-464b-bea7-3abc0b2a90a6" xlink:href="mtn-20240731.xsd#mtn_GrossIntangibleAssetsExcludingGoodwill"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_13c8c120-e31d-4fce-92c5-2d2f50d00694" xlink:to="loc_mtn_GrossIntangibleAssetsExcludingGoodwill_d39a86ad-3f6c-464b-bea7-3abc0b2a90a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccumulatedAmortizationExcludingGoodwill_661a24d2-8ba9-41d5-8072-ed9930b615ea" xlink:href="mtn-20240731.xsd#mtn_AccumulatedAmortizationExcludingGoodwill"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_13c8c120-e31d-4fce-92c5-2d2f50d00694" xlink:to="loc_mtn_AccumulatedAmortizationExcludingGoodwill_661a24d2-8ba9-41d5-8072-ed9930b615ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_41cc647d-c0b0-43aa-9d03-5d1266779fdb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedTradeNamesGross_8350f377-5664-4284-9053-b6aa8f6bac5c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedTradeNamesGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsGross_41cc647d-c0b0-43aa-9d03-5d1266779fdb" xlink:to="loc_us-gaap_FiniteLivedTradeNamesGross_8350f377-5664-4284-9053-b6aa8f6bac5c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherFiniteLivedIntangibleAssetsGross_94ca8b55-2589-4a5e-bf7c-03bb5d45a08f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherFiniteLivedIntangibleAssetsGross"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsGross_41cc647d-c0b0-43aa-9d03-5d1266779fdb" xlink:to="loc_us-gaap_OtherFiniteLivedIntangibleAssetsGross_94ca8b55-2589-4a5e-bf7c-03bb5d45a08f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccountsPayableAccruedLiabilities_2bdbce53-d567-4091-b229-f9f7f2632779" xlink:href="mtn-20240731.xsd#mtn_AccountsPayableAccruedLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableTradeCurrent_c11bcc46-1473-49b8-8643-a8c44a827afc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsPayableTradeCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_AccountsPayableAccruedLiabilities_2bdbce53-d567-4091-b229-f9f7f2632779" xlink:to="loc_us-gaap_AccountsPayableTradeCurrent_c11bcc46-1473-49b8-8643-a8c44a827afc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredRevenueCurrent_84b122c1-fb44-4ee1-9844-c094d4e331c1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredRevenueCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_AccountsPayableAccruedLiabilities_2bdbce53-d567-4091-b229-f9f7f2632779" xlink:to="loc_us-gaap_DeferredRevenueCurrent_84b122c1-fb44-4ee1-9844-c094d4e331c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedSalariesCurrent_a1716a17-5889-49c7-881b-3c43446b4b17" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedSalariesCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_AccountsPayableAccruedLiabilities_2bdbce53-d567-4091-b229-f9f7f2632779" xlink:to="loc_us-gaap_AccruedSalariesCurrent_a1716a17-5889-49c7-881b-3c43446b4b17" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedEmployeeBenefitsCurrent_c465e70b-f5e8-40da-9c41-46394af910e5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedEmployeeBenefitsCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_AccountsPayableAccruedLiabilities_2bdbce53-d567-4091-b229-f9f7f2632779" xlink:to="loc_us-gaap_AccruedEmployeeBenefitsCurrent_c465e70b-f5e8-40da-9c41-46394af910e5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Deposits_7ee94d19-9bbb-4107-a922-ed778aa8439b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Deposits"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_AccountsPayableAccruedLiabilities_2bdbce53-d567-4091-b229-f9f7f2632779" xlink:to="loc_us-gaap_Deposits_7ee94d19-9bbb-4107-a922-ed778aa8439b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CurrentOperatingLeaseLiability_b06e98f6-98c4-4130-87cf-f74ea30e0620" xlink:href="mtn-20240731.xsd#mtn_CurrentOperatingLeaseLiability"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_AccountsPayableAccruedLiabilities_2bdbce53-d567-4091-b229-f9f7f2632779" xlink:to="loc_mtn_CurrentOperatingLeaseLiability_b06e98f6-98c4-4130-87cf-f74ea30e0620" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAccruedLiabilitiesCurrent_1fdc1188-97d4-472b-afbb-6a61e15bd973" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAccruedLiabilitiesCurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_AccountsPayableAccruedLiabilities_2bdbce53-d567-4091-b229-f9f7f2632779" xlink:to="loc_us-gaap_OtherAccruedLiabilitiesCurrent_1fdc1188-97d4-472b-afbb-6a61e15bd973" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilities_7ae73dc5-e1e5-40db-915d-25729c65398b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_eeb5d8c2-a2a8-486f-8c86-60757925f69d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_7ae73dc5-e1e5-40db-915d-25729c65398b" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_eeb5d8c2-a2a8-486f-8c86-60757925f69d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets_f093b8e9-afe5-4f9f-bce7-053510c16dea" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_7ae73dc5-e1e5-40db-915d-25729c65398b" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets_f093b8e9-afe5-4f9f-bce7-053510c16dea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesLeasingArrangements_4a20fb24-f787-4282-bdc5-281643692457" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesLeasingArrangements"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_7ae73dc5-e1e5-40db-915d-25729c65398b" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesLeasingArrangements_4a20fb24-f787-4282-bdc5-281643692457" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesOther_3c466ae7-364e-4b24-9cb1-b076acaf4ed6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesOther"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_7ae73dc5-e1e5-40db-915d-25729c65398b" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesOther_3c466ae7-364e-4b24-9cb1-b076acaf4ed6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsNet_f97f2b2f-77a9-4757-8dc7-47ba6c161292" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsGross_8cf2eb62-3cf3-4c25-93dc-9ed058e05ef7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsNet_f97f2b2f-77a9-4757-8dc7-47ba6c161292" xlink:to="loc_us-gaap_DeferredTaxAssetsGross_8cf2eb62-3cf3-4c25-93dc-9ed058e05ef7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsValuationAllowance_43f0736f-3d68-4382-802d-ea63d7629cb6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsValuationAllowance"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsNet_f97f2b2f-77a9-4757-8dc7-47ba6c161292" xlink:to="loc_us-gaap_DeferredTaxAssetsValuationAllowance_43f0736f-3d68-4382-802d-ea63d7629cb6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilities_67058746-caa3-4f84-8812-4cec85e3e7d7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilities_831a86ae-7ebe-4bfd-826c-533a9860a0f4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxLiabilities_67058746-caa3-4f84-8812-4cec85e3e7d7" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilities_831a86ae-7ebe-4bfd-826c-533a9860a0f4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsNet_e602a0e4-67ef-4893-b2b4-8e26127ac8e5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsNet"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxLiabilities_67058746-caa3-4f84-8812-4cec85e3e7d7" xlink:to="loc_us-gaap_DeferredTaxAssetsNet_e602a0e4-67ef-4893-b2b4-8e26127ac8e5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsGross_49c316a7-c7bf-40f2-9609-e1dd9bf2c7bf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsGross"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DeferredTaxAssetCanyonsObligation_0870c3d9-d004-4fe9-a1f3-0191bc9b8c72" xlink:href="mtn-20240731.xsd#mtn_DeferredTaxAssetCanyonsObligation"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_49c316a7-c7bf-40f2-9609-e1dd9bf2c7bf" xlink:to="loc_mtn_DeferredTaxAssetCanyonsObligation_0870c3d9-d004-4fe9-a1f3-0191bc9b8c72" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost_eb2f26ae-b020-49a8-9d4d-37ad679fda9a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_49c316a7-c7bf-40f2-9609-e1dd9bf2c7bf" xlink:to="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost_eb2f26ae-b020-49a8-9d4d-37ad679fda9a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsInvestments_4a6e0bf0-c497-4f0b-96d3-90da947eb4d1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsInvestments"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_49c316a7-c7bf-40f2-9609-e1dd9bf2c7bf" xlink:to="loc_us-gaap_DeferredTaxAssetsInvestments_4a6e0bf0-c497-4f0b-96d3-90da947eb4d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits_bdf391ba-474e-4530-87af-31ac5ae6e753" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_49c316a7-c7bf-40f2-9609-e1dd9bf2c7bf" xlink:to="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits_bdf391ba-474e-4530-87af-31ac5ae6e753" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies_ccf78364-17c4-4b41-9622-5edbca2d609d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_49c316a7-c7bf-40f2-9609-e1dd9bf2c7bf" xlink:to="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies_ccf78364-17c4-4b41-9622-5edbca2d609d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_abbd455e-32d6-4b77-a235-97f7a25bb587" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwards"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_49c316a7-c7bf-40f2-9609-e1dd9bf2c7bf" xlink:to="loc_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_abbd455e-32d6-4b77-a235-97f7a25bb587" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DeferredTaxAssetsOperatingLeaseLiabilities_eff1be72-2dc9-489f-b2f6-19a338772194" xlink:href="mtn-20240731.xsd#mtn_DeferredTaxAssetsOperatingLeaseLiabilities"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_49c316a7-c7bf-40f2-9609-e1dd9bf2c7bf" xlink:to="loc_mtn_DeferredTaxAssetsOperatingLeaseLiabilities_eff1be72-2dc9-489f-b2f6-19a338772194" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsOther_911b3711-0f82-4de6-817b-506d8f2ae29a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsOther"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_49c316a7-c7bf-40f2-9609-e1dd9bf2c7bf" xlink:to="loc_us-gaap_DeferredTaxAssetsOther_911b3711-0f82-4de6-817b-506d8f2ae29a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentIncomeTaxExpenseBenefit_07316f08-10a3-46de-ab01-70500a1a3554" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentFederalTaxExpenseBenefit_61674701-6fdf-4978-a9c3-ebc1d7a15427" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentFederalTaxExpenseBenefit"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CurrentIncomeTaxExpenseBenefit_07316f08-10a3-46de-ab01-70500a1a3554" xlink:to="loc_us-gaap_CurrentFederalTaxExpenseBenefit_61674701-6fdf-4978-a9c3-ebc1d7a15427" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_c2febc70-9219-44ea-be13-25e17376a893" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CurrentIncomeTaxExpenseBenefit_07316f08-10a3-46de-ab01-70500a1a3554" xlink:to="loc_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_c2febc70-9219-44ea-be13-25e17376a893" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentForeignTaxExpenseBenefit_44fc44ff-5e3c-4fb6-93e0-a9f52d1649be" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentForeignTaxExpenseBenefit"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CurrentIncomeTaxExpenseBenefit_07316f08-10a3-46de-ab01-70500a1a3554" xlink:to="loc_us-gaap_CurrentForeignTaxExpenseBenefit_44fc44ff-5e3c-4fb6-93e0-a9f52d1649be" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_55f73772-899e-434b-b566-14d781d8adcf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_47bb995f-6252-4cca-898f-22170d2429d3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_55f73772-899e-434b-b566-14d781d8adcf" xlink:to="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_47bb995f-6252-4cca-898f-22170d2429d3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_54b3bd9d-648d-4ccd-afe9-cea2a7c2fdde" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_55f73772-899e-434b-b566-14d781d8adcf" xlink:to="loc_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_54b3bd9d-648d-4ccd-afe9-cea2a7c2fdde" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredForeignIncomeTaxExpenseBenefit_179339d5-6ebb-4c5e-92a3-a3ba0d4d10fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredForeignIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_55f73772-899e-434b-b566-14d781d8adcf" xlink:to="loc_us-gaap_DeferredForeignIncomeTaxExpenseBenefit_179339d5-6ebb-4c5e-92a3-a3ba0d4d10fc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_19974882-72ef-4769-9bd0-9a64829926d8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentIncomeTaxExpenseBenefit_d341fb26-75b1-4152-8ba1-a024f81bf462" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_19974882-72ef-4769-9bd0-9a64829926d8" xlink:to="loc_us-gaap_CurrentIncomeTaxExpenseBenefit_d341fb26-75b1-4152-8ba1-a024f81bf462" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_98c9d8cd-b5c8-4764-93a4-c2af90e27935" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_19974882-72ef-4769-9bd0-9a64829926d8" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_98c9d8cd-b5c8-4764-93a4-c2af90e27935" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c97fea8f-bafe-45ae-9359-c0df1800d66f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_b82017af-47d4-4b18-a4d1-e9b8e5654a20" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c97fea8f-bafe-45ae-9359-c0df1800d66f" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_b82017af-47d4-4b18-a4d1-e9b8e5654a20" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_1e7784e4-ce0c-453d-bfcf-95954cfed25c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c97fea8f-bafe-45ae-9359-c0df1800d66f" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_1e7784e4-ce0c-453d-bfcf-95954cfed25c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions_7a211267-1674-4e87-81b1-088988c11c98" xlink:href="mtn-20240731.xsd#mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c97fea8f-bafe-45ae-9359-c0df1800d66f" xlink:to="loc_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions_7a211267-1674-4e87-81b1-088988c11c98" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent_5333619f-5161-4de9-8a80-ccdab8e67852" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c97fea8f-bafe-45ae-9359-c0df1800d66f" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent_5333619f-5161-4de9-8a80-ccdab8e67852" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment_2cb0fee6-3a77-4ba7-a89f-a4962037baee" xlink:href="mtn-20240731.xsd#mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c97fea8f-bafe-45ae-9359-c0df1800d66f" xlink:to="loc_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment_2cb0fee6-3a77-4ba7-a89f-a4962037baee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense_b66755d8-2627-4ec0-bf4f-7c2fbe2064ea" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c97fea8f-bafe-45ae-9359-c0df1800d66f" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense_b66755d8-2627-4ec0-bf4f-7c2fbe2064ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_461db0b5-038e-458f-83e0-754a81ae5e22" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c97fea8f-bafe-45ae-9359-c0df1800d66f" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_461db0b5-038e-458f-83e0-754a81ae5e22" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_2b5f83fa-c066-44b9-8219-c90dcd8804c2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c97fea8f-bafe-45ae-9359-c0df1800d66f" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_2b5f83fa-c066-44b9-8219-c90dcd8804c2" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilities_d1728f65-fbeb-43b6-9a1c-958f3bc95972" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxAssetsNet_4b01cc3e-3e74-4390-90c1-55e056785eee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxAssetsNet"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxLiabilities_d1728f65-fbeb-43b6-9a1c-958f3bc95972" xlink:to="loc_us-gaap_DeferredIncomeTaxAssetsNet_4b01cc3e-3e74-4390-90c1-55e056785eee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_20fdb0ef-8864-4821-aaeb-1cc5d4b6b182" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxLiabilities_d1728f65-fbeb-43b6-9a1c-958f3bc95972" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_20fdb0ef-8864-4821-aaeb-1cc5d4b6b182" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SegmentInformationDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SegmentInformationDetails"/>
  <link:calculationLink xlink:role="http://www.vailresorts.com/role/SegmentInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortExpensesNet_675379bf-5de3-488f-8a6b-01710e71c72b" xlink:href="mtn-20240731.xsd#mtn_ResortExpensesNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingExpensesNet_aa461418-f1a7-4778-970f-a3e01a7dd44c" xlink:href="mtn-20240731.xsd#mtn_LodgingExpensesNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_ResortExpensesNet_675379bf-5de3-488f-8a6b-01710e71c72b" xlink:to="loc_mtn_LodgingExpensesNet_aa461418-f1a7-4778-970f-a3e01a7dd44c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainExpensesNet_3c842f29-8d11-4b78-bd66-b03590e7aa72" xlink:href="mtn-20240731.xsd#mtn_MountainExpensesNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_ResortExpensesNet_675379bf-5de3-488f-8a6b-01710e71c72b" xlink:to="loc_mtn_MountainExpensesNet_3c842f29-8d11-4b78-bd66-b03590e7aa72" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCostsExpensesAndCostOfSales_5a5ce71e-8180-402c-aafc-c9fa0b31c167" xlink:href="mtn-20240731.xsd#mtn_OperatingCostsExpensesAndCostOfSales"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateExpense_9a548ff0-bc02-4b41-80ae-9d9f66a26d46" xlink:href="mtn-20240731.xsd#mtn_RealEstateExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_OperatingCostsExpensesAndCostOfSales_5a5ce71e-8180-402c-aafc-c9fa0b31c167" xlink:to="loc_mtn_RealEstateExpense_9a548ff0-bc02-4b41-80ae-9d9f66a26d46" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortExpensesNet_35da6ad9-fa66-42e6-be30-0a6e043ebbfe" xlink:href="mtn-20240731.xsd#mtn_ResortExpensesNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_OperatingCostsExpensesAndCostOfSales_5a5ce71e-8180-402c-aafc-c9fa0b31c167" xlink:to="loc_mtn_ResortExpensesNet_35da6ad9-fa66-42e6-be30-0a6e043ebbfe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_caabdc1b-163e-41b8-8a79-d84b672b117d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortRevenueNet_6c6fe512-67da-4d29-975b-ef6af8486185" xlink:href="mtn-20240731.xsd#mtn_ResortRevenueNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_caabdc1b-163e-41b8-8a79-d84b672b117d" xlink:to="loc_mtn_ResortRevenueNet_6c6fe512-67da-4d29-975b-ef6af8486185" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateRevenue_df2c2ff1-6a8d-4ba1-b6ef-563d10584f53" xlink:href="mtn-20240731.xsd#mtn_RealEstateRevenue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_caabdc1b-163e-41b8-8a79-d84b672b117d" xlink:to="loc_mtn_RealEstateRevenue_df2c2ff1-6a8d-4ba1-b6ef-563d10584f53" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortRevenueNet_65e328c1-6d99-4024-af27-d5225782f5bc" xlink:href="mtn-20240731.xsd#mtn_ResortRevenueNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainRevenueNet_7e81aae8-03a0-47ab-95cc-9d427b6294ac" xlink:href="mtn-20240731.xsd#mtn_MountainRevenueNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_ResortRevenueNet_65e328c1-6d99-4024-af27-d5225782f5bc" xlink:to="loc_mtn_MountainRevenueNet_7e81aae8-03a0-47ab-95cc-9d427b6294ac" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingRevenueNet_6eecec3f-3ae5-492b-bda2-a3bcfc68652a" xlink:href="mtn-20240731.xsd#mtn_LodgingRevenueNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_mtn_ResortRevenueNet_65e328c1-6d99-4024-af27-d5225782f5bc" xlink:to="loc_mtn_LodgingRevenueNet_6eecec3f-3ae5-492b-bda2-a3bcfc68652a" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>11
<FILENAME>mtn-20240731_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:d5f9b4a5-ad73-4cf5-9885-aa2f84d9088e,g:b05a5fc7-e025-4429-99bf-42c2b1aa630e-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/all" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member"/>
  <link:roleRef roleURI="http://www.vailresorts.com/role/DocumentAndEntityInformation" xlink:type="simple" xlink:href="mtn-20240731.xsd#DocumentAndEntityInformation"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/DocumentAndEntityInformation" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable_37aa4c68-8923-4e0c-b7e5-b111e9dfeb60" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_DocumentInformationTable_37aa4c68-8923-4e0c-b7e5-b111e9dfeb60" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_f6069e33-b907-4cbd-8a89-1d7b63ae78db" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LegalEntityAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_dei_DocumentInformationTable_37aa4c68-8923-4e0c-b7e5-b111e9dfeb60" xlink:to="loc_dei_LegalEntityAxis_f6069e33-b907-4cbd-8a89-1d7b63ae78db" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_f6069e33-b907-4cbd-8a89-1d7b63ae78db_default" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_f6069e33-b907-4cbd-8a89-1d7b63ae78db" xlink:to="loc_dei_EntityDomain_f6069e33-b907-4cbd-8a89-1d7b63ae78db_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_07a6fb31-29cb-4d6a-8f68-d9cd66a9ca5c" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_f6069e33-b907-4cbd-8a89-1d7b63ae78db" xlink:to="loc_dei_EntityDomain_07a6fb31-29cb-4d6a-8f68-d9cd66a9ca5c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorName_cce3d3aa-2125-4349-b660-0e28d5f59fe0" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorName"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_AuditorName_cce3d3aa-2125-4349-b660-0e28d5f59fe0" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorLocation_496fcd4a-6d17-48ec-bdee-ba14891f41bf" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorLocation"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_AuditorLocation_496fcd4a-6d17-48ec-bdee-ba14891f41bf" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_c9652371-4f2c-4eeb-a2bf-d5ac14bf4674" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_DocumentPeriodEndDate_c9652371-4f2c-4eeb-a2bf-d5ac14bf4674" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorFirmId_6868c6ce-3963-429c-9f08-e1a19a7a397f" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorFirmId"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_AuditorFirmId_6868c6ce-3963-429c-9f08-e1a19a7a397f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate_7a829c4b-4790-426e-a12e-eda33fa86d90" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_CurrentFiscalYearEndDate_7a829c4b-4790-426e-a12e-eda33fa86d90" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFinStmtErrorCorrectionFlag_20bc3a93-2682-4f37-a737-f104fd94e391" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFinStmtErrorCorrectionFlag"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_DocumentFinStmtErrorCorrectionFlag_20bc3a93-2682-4f37-a737-f104fd94e391" xlink:type="arc" order="5"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedBalanceSheets" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedBalanceSheets"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/ConsolidatedBalanceSheets" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_e0b1f66f-5f96-4099-b7cf-ea4a7bf37dcb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_StatementTable_e0b1f66f-5f96-4099-b7cf-ea4a7bf37dcb" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_30fc2a0f-5e6d-42b4-908b-6a2694dccb81" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_e0b1f66f-5f96-4099-b7cf-ea4a7bf37dcb" xlink:to="loc_srt_StatementScenarioAxis_30fc2a0f-5e6d-42b4-908b-6a2694dccb81" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_30fc2a0f-5e6d-42b4-908b-6a2694dccb81_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementScenarioAxis_30fc2a0f-5e6d-42b4-908b-6a2694dccb81" xlink:to="loc_srt_ScenarioUnspecifiedDomain_30fc2a0f-5e6d-42b4-908b-6a2694dccb81_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_7773796e-bf40-455d-a6e9-81c979c9ff34" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementScenarioAxis_30fc2a0f-5e6d-42b4-908b-6a2694dccb81" xlink:to="loc_srt_ScenarioUnspecifiedDomain_7773796e-bf40-455d-a6e9-81c979c9ff34" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_c2f97a29-21a8-4759-a39e-2601325b0a4a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_c2f97a29-21a8-4759-a39e-2601325b0a4a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_6dfbfd9a-c9df-4747-b897-95d1ee109465" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_6dfbfd9a-c9df-4747-b897-95d1ee109465" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_ee87f713-6097-40a6-87ae-4648571e6a15" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_ee87f713-6097-40a6-87ae-4648571e6a15" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryNet_3e398982-1acd-49a1-83b5-ba717b8a8022" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_InventoryNet_3e398982-1acd-49a1-83b5-ba717b8a8022" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsCurrent_f96e8936-3ce9-43d4-89d2-4eb6fcaf0611" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsCurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_OtherAssetsCurrent_f96e8936-3ce9-43d4-89d2-4eb6fcaf0611" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_b84fcba2-edf7-452c-9e60-6ed961ce62ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsCurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_AssetsCurrent_b84fcba2-edf7-452c-9e60-6ed961ce62ce" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_3223ee3b-0c5f-44d1-909e-a7bbd47586fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_3223ee3b-0c5f-44d1-909e-a7bbd47586fc" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryRealEstate_b002b6f9-c900-4389-8552-c7d12e7e7fef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryRealEstate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_InventoryRealEstate_b002b6f9-c900-4389-8552-c7d12e7e7fef" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_04355685-b368-4a54-8663-e08d1e408900" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_Goodwill_04355685-b368-4a54-8663-e08d1e408900" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_f2a62eca-f997-4ffd-a997-c283c9a7528e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_f2a62eca-f997-4ffd-a997-c283c9a7528e" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_8c98ed3b-7711-4215-871a-847a4c793094" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_8c98ed3b-7711-4215-871a-847a4c793094" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsNoncurrent_2d71241f-66e6-49f5-8c45-f7bd7877a679" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsNoncurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_OtherAssetsNoncurrent_2d71241f-66e6-49f5-8c45-f7bd7877a679" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_7476f4f0-e6e0-4e51-9e65-8268892c896f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Assets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_Assets_7476f4f0-e6e0-4e51-9e65-8268892c896f" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccountsPayableAccruedLiabilities_640acae2-c52c-46ad-9bbf-c00a06a00b62" xlink:href="mtn-20240731.xsd#mtn_AccountsPayableAccruedLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_mtn_AccountsPayableAccruedLiabilities_640acae2-c52c-46ad-9bbf-c00a06a00b62" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedIncomeTaxesCurrent_6160bda5-86cc-4f6f-a422-573c37979b12" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedIncomeTaxesCurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_AccruedIncomeTaxesCurrent_6160bda5-86cc-4f6f-a422-573c37979b12" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_fcc5c5e3-881c-4fd4-815a-f7e58e01cbdd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_fcc5c5e3-881c-4fd4-815a-f7e58e01cbdd" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_db52d8fc-eec2-444a-ba98-f726d2664555" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_LiabilitiesCurrent_db52d8fc-eec2-444a-ba98-f726d2664555" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_479ebb70-2a81-460d-93d2-e445d38a0d35" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligations"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_479ebb70-2a81-460d-93d2-e445d38a0d35" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_26b09ffa-7e7e-41a0-a43f-c36430f3649c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_26b09ffa-7e7e-41a0-a43f-c36430f3649c" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherLongTermLiabilitiesNoncurrent_3b187de2-41c0-421d-b77c-110c1cd7b35e" xlink:href="mtn-20240731.xsd#mtn_OtherLongTermLiabilitiesNoncurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_mtn_OtherLongTermLiabilitiesNoncurrent_3b187de2-41c0-421d-b77c-110c1cd7b35e" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_a0917097-bb59-4370-afc9-d0577d39f0ef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_a0917097-bb59-4370-afc9-d0577d39f0ef" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_53ddda10-86a2-477a-9cbb-75aa0541b9da" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Liabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_Liabilities_53ddda10-86a2-477a-9cbb-75aa0541b9da" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_a6570845-b599-4389-8121-7ef5d7cf1480" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_CommitmentsAndContingencies_a6570845-b599-4389-8121-7ef5d7cf1480" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockValue_9a5a9d03-8ad2-4ba4-8e93-6316a30935bf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_PreferredStockValue_9a5a9d03-8ad2-4ba4-8e93-6316a30935bf" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_2bd28170-36c4-40af-8075-d61208074cb9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_CommonStockValue_2bd28170-36c4-40af-8075-d61208074cb9" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_1681c80d-982c-4db1-8160-5e6dc76f6509" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_1681c80d-982c-4db1-8160-5e6dc76f6509" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_3c0251b8-3847-441e-8a97-0f4dd487664b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_3c0251b8-3847-441e-8a97-0f4dd487664b" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_a71bd4bc-778e-4056-a2d0-f48592db9004" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_a71bd4bc-778e-4056-a2d0-f48592db9004" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCarryingBasis_41a70bed-af25-413d-b023-a4ed873dd07e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCarryingBasis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_TreasuryStockCarryingBasis_41a70bed-af25-413d-b023-a4ed873dd07e" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_7445d23a-14ee-442b-877d-09d3c4727a60" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_StockholdersEquity_7445d23a-14ee-442b-877d-09d3c4727a60" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterest_2217770a-ca95-47c7-956e-0fdacea55784" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_MinorityInterest_2217770a-ca95-47c7-956e-0fdacea55784" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3bb06803-b26e-4978-9325-8f780876a097" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3bb06803-b26e-4978-9325-8f780876a097" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_de5f8582-b2b6-4415-83c4-e18282c87f28" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_de5f8582-b2b6-4415-83c4-e18282c87f28" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_5c1e0e83-122f-4ab3-bbfa-397cfd8fd1c0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockParOrStatedValuePerShare"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_PreferredStockParOrStatedValuePerShare_5c1e0e83-122f-4ab3-bbfa-397cfd8fd1c0" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized_25fc62a9-c513-4843-a831-d45cfb83353a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesAuthorized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_PreferredStockSharesAuthorized_25fc62a9-c513-4843-a831-d45cfb83353a" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_8d76df07-16b2-4930-a2a2-ef27898582ba" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesOutstanding"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_8d76df07-16b2-4930-a2a2-ef27898582ba" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesIssued_f2b2553f-7207-4299-83f9-d166f93bb575" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesIssued"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_PreferredStockSharesIssued_f2b2553f-7207-4299-83f9-d166f93bb575" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_5947fefb-cce3-457b-9f51-9ae32df23642" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_5947fefb-cce3-457b-9f51-9ae32df23642" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_26ba4824-9dce-4948-993a-f299f4f9d2f1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesAuthorized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_26ba4824-9dce-4948-993a-f299f4f9d2f1" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_78307108-73bc-4454-84c2-a29cb78579f9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_CommonStockSharesIssued_78307108-73bc-4454-84c2-a29cb78579f9" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonShares_a4953cf4-2b66-4bbd-9fcf-a68ff8423e08" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonShares"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_TreasuryStockCommonShares_a4953cf4-2b66-4bbd-9fcf-a68ff8423e08" xlink:type="arc" order="9"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementsOfOperations"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_646b7ae4-41a5-4930-b8ab-c0eea17bbe62" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_43c91273-c754-4a8f-b05e-0ddfde1d21e9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_646b7ae4-41a5-4930-b8ab-c0eea17bbe62" xlink:to="loc_us-gaap_StatementTable_43c91273-c754-4a8f-b05e-0ddfde1d21e9" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_a7e83820-b816-49e1-a09d-801292a2e666" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_43c91273-c754-4a8f-b05e-0ddfde1d21e9" xlink:to="loc_srt_StatementScenarioAxis_a7e83820-b816-49e1-a09d-801292a2e666" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_a7e83820-b816-49e1-a09d-801292a2e666_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementScenarioAxis_a7e83820-b816-49e1-a09d-801292a2e666" xlink:to="loc_srt_ScenarioUnspecifiedDomain_a7e83820-b816-49e1-a09d-801292a2e666_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_b38faba4-bdb4-4738-a59c-be91ac580395" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementScenarioAxis_a7e83820-b816-49e1-a09d-801292a2e666" xlink:to="loc_srt_ScenarioUnspecifiedDomain_b38faba4-bdb4-4738-a59c-be91ac580395" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_646b7ae4-41a5-4930-b8ab-c0eea17bbe62" xlink:to="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingservicesandotherrevenue_85af9d9e-dac5-4f5a-bce3-ec1e285f628e" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingservicesandotherrevenue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:to="loc_mtn_MountainandLodgingservicesandotherrevenue_85af9d9e-dac5-4f5a-bce3-ec1e285f628e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingretailanddiningrevenue_cbad4bfe-9db3-490d-8e8a-a8da4f2bc53c" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingretailanddiningrevenue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:to="loc_mtn_MountainandLodgingretailanddiningrevenue_cbad4bfe-9db3-490d-8e8a-a8da4f2bc53c" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortRevenueNet_e4c9c6cb-95d7-45ae-9e96-ac51fff53624" xlink:href="mtn-20240731.xsd#mtn_ResortRevenueNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:to="loc_mtn_ResortRevenueNet_e4c9c6cb-95d7-45ae-9e96-ac51fff53624" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateRevenue_9873257a-c1eb-41a2-9224-e3e0feb05770" xlink:href="mtn-20240731.xsd#mtn_RealEstateRevenue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:to="loc_mtn_RealEstateRevenue_9873257a-c1eb-41a2-9224-e3e0feb05770" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_09b3fd5d-4763-4e67-8018-70977150a8e1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:to="loc_us-gaap_Revenues_09b3fd5d-4763-4e67-8018-70977150a8e1" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingExpensesAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_646b7ae4-41a5-4930-b8ab-c0eea17bbe62" xlink:to="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingoperatingexpenses_a8212d38-0970-40c1-98f5-643d815e22e7" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingoperatingexpenses"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_MountainandLodgingoperatingexpenses_a8212d38-0970-40c1-98f5-643d815e22e7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingcostofproductssold_90b18723-b9f5-4798-a359-5f0d808b5d8f" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingcostofproductssold"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_MountainandLodgingcostofproductssold_90b18723-b9f5-4798-a359-5f0d808b5d8f" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodginggeneralandadministrativeexpense_e69e4717-bd44-4a95-99d2-6a9893e2eb5f" xlink:href="mtn-20240731.xsd#mtn_MountainandLodginggeneralandadministrativeexpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_MountainandLodginggeneralandadministrativeexpense_e69e4717-bd44-4a95-99d2-6a9893e2eb5f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortExpensesNet_87b106d8-2651-4c4e-9f7f-76c5342b365e" xlink:href="mtn-20240731.xsd#mtn_ResortExpensesNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_ResortExpensesNet_87b106d8-2651-4c4e-9f7f-76c5342b365e" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateExpense_27a832a9-02e5-4818-a832-921d76b00179" xlink:href="mtn-20240731.xsd#mtn_RealEstateExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_RealEstateExpense_27a832a9-02e5-4818-a832-921d76b00179" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCostsExpensesAndCostOfSales_6df40aa1-0cba-4474-ad7a-47177a4536bd" xlink:href="mtn-20240731.xsd#mtn_OperatingCostsExpensesAndCostOfSales"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_OperatingCostsExpensesAndCostOfSales_6df40aa1-0cba-4474-ad7a-47177a4536bd" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:href="mtn-20240731.xsd#mtn_OtherOperatingExpensesAndIncomeAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_18eb6372-1a1d-47ff-bfd7-07858c0e10be" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_DepreciationAndAmortization_18eb6372-1a1d-47ff-bfd7-07858c0e10be" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GainOnSaleOfRealProperty_6b4e115b-a5b8-4135-a43c-4f467d7380dc" xlink:href="mtn-20240731.xsd#mtn_GainOnSaleOfRealProperty"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_mtn_GainOnSaleOfRealProperty_6b4e115b-a5b8-4135-a43c-4f467d7380dc" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ChangeinFairValueofContingentConsideration_3e7f627f-e4bb-4ecc-bc42-dc198abb44b8" xlink:href="mtn-20240731.xsd#mtn_ChangeinFairValueofContingentConsideration"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_mtn_ChangeinFairValueofContingentConsideration_3e7f627f-e4bb-4ecc-bc42-dc198abb44b8" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets_3b151cb3-815a-4ce1-8bf0-08a9915aca56" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets_3b151cb3-815a-4ce1-8bf0-08a9915aca56" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_434164d0-8930-4eba-a970-0ff3bee6ba44" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_OperatingIncomeLoss_434164d0-8930-4eba-a970-0ff3bee6ba44" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_5f46e85c-0df6-4156-ab6f-66db5672ac9c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_InterestExpense_5f46e85c-0df6-4156-ab6f-66db5672ac9c" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainEquityInvestmentIncomeLossNet_11e9f367-8920-47fa-ac90-5f1a8022a078" xlink:href="mtn-20240731.xsd#mtn_MountainEquityInvestmentIncomeLossNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_mtn_MountainEquityInvestmentIncomeLossNet_11e9f367-8920-47fa-ac90-5f1a8022a078" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_e7d5dd47-17ef-4ffa-92cd-b5acb19ed52b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_InvestmentIncomeInterest_e7d5dd47-17ef-4ffa-92cd-b5acb19ed52b" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_57c82590-af6c-40f7-9d26-d82df0579934" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_57c82590-af6c-40f7-9d26-d82df0579934" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_c56c10d3-ab60-45bb-9696-1b09ab44fbd9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_c56c10d3-ab60-45bb-9696-1b09ab44fbd9" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_da5e6c6f-f86a-4c4c-b8b8-e83477150505" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_da5e6c6f-f86a-4c4c-b8b8-e83477150505" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_64d86ac0-451b-4040-a0e4-062b4eff89db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_ProfitLoss_64d86ac0-451b-4040-a0e4-062b4eff89db" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_f7a84c14-1712-439d-ad9f-b6bada5e0303" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_f7a84c14-1712-439d-ad9f-b6bada5e0303" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_8a661e6f-55e0-49a9-b252-07f401bcd2a5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_NetIncomeLoss_8a661e6f-55e0-49a9-b252-07f401bcd2a5" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_54752ecb-e43d-465a-9050-7a1e25db6342" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_EarningsPerShareAbstract_54752ecb-e43d-465a-9050-7a1e25db6342" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_0b793068-f661-4cc9-add4-84dcc22842b0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EarningsPerShareAbstract_54752ecb-e43d-465a-9050-7a1e25db6342" xlink:to="loc_us-gaap_EarningsPerShareBasic_0b793068-f661-4cc9-add4-84dcc22842b0" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_24a3427d-402c-4236-ab15-0cda26330566" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EarningsPerShareAbstract_54752ecb-e43d-465a-9050-7a1e25db6342" xlink:to="loc_us-gaap_EarningsPerShareDiluted_24a3427d-402c-4236-ab15-0cda26330566" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_71ed61cd-f762-4bc4-9061-e89b8db3a327" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EarningsPerShareAbstract_54752ecb-e43d-465a-9050-7a1e25db6342" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_71ed61cd-f762-4bc4-9061-e89b8db3a327" xlink:type="arc" order="3"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementofComprehensiveIncome"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_c6221091-a38a-41bd-a670-bc0773c2bb56" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_StatementTable_c6221091-a38a-41bd-a670-bc0773c2bb56" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_05379404-038f-484c-9f9f-126a468666a9" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_c6221091-a38a-41bd-a670-bc0773c2bb56" xlink:to="loc_srt_StatementScenarioAxis_05379404-038f-484c-9f9f-126a468666a9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_05379404-038f-484c-9f9f-126a468666a9_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementScenarioAxis_05379404-038f-484c-9f9f-126a468666a9" xlink:to="loc_srt_ScenarioUnspecifiedDomain_05379404-038f-484c-9f9f-126a468666a9_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_989e1ee7-2034-42a3-a642-f1b71775987b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementScenarioAxis_05379404-038f-484c-9f9f-126a468666a9" xlink:to="loc_srt_ScenarioUnspecifiedDomain_989e1ee7-2034-42a3-a642-f1b71775987b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_24f37ae7-7c19-4cff-b286-9c106c5b95e3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_ProfitLoss_24f37ae7-7c19-4cff-b286-9c106c5b95e3" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_9560b856-5eb5-48c3-bdca-fbc2aa67d0c3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_9560b856-5eb5-48c3-bdca-fbc2aa67d0c3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1_88a0a2cf-1e2f-458b-9e15-21bbdf68d660" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1_88a0a2cf-1e2f-458b-9e15-21bbdf68d660" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_7bcb1e3c-19b4-465a-8472-1183404a6009" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_7bcb1e3c-19b4-465a-8472-1183404a6009" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_f8df9528-cdf5-4a6d-b96f-1b521ae4c093" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_f8df9528-cdf5-4a6d-b96f-1b521ae4c093" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_80b12fab-94dd-44ec-b33b-5b34358aa7ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_80b12fab-94dd-44ec-b33b-5b34358aa7ac" xlink:type="arc" order="5"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementsOfStockholdersEquity"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_1b95e450-8c68-44ba-bb3e-e09405a2bee8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_StatementTable_1b95e450-8c68-44ba-bb3e-e09405a2bee8" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_02557258-6c4c-4923-9c97-d5ac15b41dc4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_1b95e450-8c68-44ba-bb3e-e09405a2bee8" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_02557258-6c4c-4923-9c97-d5ac15b41dc4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_02557258-6c4c-4923-9c97-d5ac15b41dc4_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_02557258-6c4c-4923-9c97-d5ac15b41dc4" xlink:to="loc_us-gaap_EquityComponentDomain_02557258-6c4c-4923-9c97-d5ac15b41dc4_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_02557258-6c4c-4923-9c97-d5ac15b41dc4" xlink:to="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_f323dde4-f1b9-497f-8e6b-e935937a09df" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_CommonStockMember_f323dde4-f1b9-497f-8e6b-e935937a09df" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_b4515fd5-cc13-464e-a964-f3953f1cf22a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_b4515fd5-cc13-464e-a964-f3953f1cf22a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_58d42350-db4b-41d9-978b-340b3ac580dc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_58d42350-db4b-41d9-978b-340b3ac580dc" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_a3041442-c193-485f-8efa-867a6c75e4bc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_RetainedEarningsMember_a3041442-c193-485f-8efa-867a6c75e4bc" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonMember_c5df750f-18b8-4ee5-8265-40f5b742aacd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_TreasuryStockCommonMember_c5df750f-18b8-4ee5-8265-40f5b742aacd" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TotalVailResortsIncStockholdersEquityMember_90c586a3-23c3-403c-b901-ffaa1e578f35" xlink:href="mtn-20240731.xsd#mtn_TotalVailResortsIncStockholdersEquityMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_mtn_TotalVailResortsIncStockholdersEquityMember_90c586a3-23c3-403c-b901-ffaa1e578f35" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestMember_7aa6171e-5dfa-4ccd-b1ae-a8e477c2f1ab" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncontrollingInterestMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_NoncontrollingInterestMember_7aa6171e-5dfa-4ccd-b1ae-a8e477c2f1ab" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonMember_d61cdf1e-5d44-4730-acca-c7dd51e53855" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonMember"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2743cfbd-dc2d-4481-9ec2-3bb23a958ce0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2743cfbd-dc2d-4481-9ec2-3bb23a958ce0" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_a0d88d58-cc81-4f18-98f7-218dd087249b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_NetIncomeLoss_a0d88d58-cc81-4f18-98f7-218dd087249b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_50a7ff2c-9318-48f6-8873-79c749bd1763" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_50a7ff2c-9318-48f6-8873-79c749bd1763" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_b3e864ba-7cb0-43c3-a1cf-61c025b21a32" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_ProfitLoss_b3e864ba-7cb0-43c3-a1cf-61c025b21a32" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_be16e6f3-dbc3-4c77-9ae9-b7ee92ece947" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_be16e6f3-dbc3-4c77-9ae9-b7ee92ece947" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_1cb06482-71a3-429f-bda6-8ac29fe4ea20" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_1cb06482-71a3-429f-bda6-8ac29fe4ea20" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_2a0129c0-2a1b-47f2-a49f-2f5fd5fb1bb4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_2a0129c0-2a1b-47f2-a49f-2f5fd5fb1bb4" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_b6f73451-966d-4035-8cf6-f0aa037debd1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_b6f73451-966d-4035-8cf6-f0aa037debd1" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_522cf8c3-ebde-41be-ad2d-f002de63879e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_522cf8c3-ebde-41be-ad2d-f002de63879e" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt_43a235a7-0472-4dfd-b95f-e5cde6351379" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt_43a235a7-0472-4dfd-b95f-e5cde6351379" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_69441049-a861-4792-86c8-231610543c9a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_69441049-a861-4792-86c8-231610543c9a" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_b82bccd7-c593-49b7-aa46-609415ae58e4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_b82bccd7-c593-49b7-aa46-609415ae58e4" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodValue_96f1b9d8-9ea2-471c-9796-23d11ebe6c6b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockRepurchasedDuringPeriodValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_StockRepurchasedDuringPeriodValue_96f1b9d8-9ea2-471c-9796-23d11ebe6c6b" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsCommonStock_3af7a95c-2082-40a8-b788-b5ccbc446c6e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsCommonStock"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_DividendsCommonStock_3af7a95c-2082-40a8-b788-b5ccbc446c6e" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_c15f4229-d922-49c3-938c-d1e47d06cfe6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_c15f4229-d922-49c3-938c-d1e47d06cfe6" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_80582c4f-2f24-46b6-9de5-e9a719f7bfa5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_80582c4f-2f24-46b6-9de5-e9a719f7bfa5" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_051da85e-fad6-4595-8afb-75e40c55e6a3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementsOfCashFlows"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_e00fc46c-829b-43c5-b058-222d6a839378" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_StatementTable_e00fc46c-829b-43c5-b058-222d6a839378" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_9599d5c5-c2f2-46aa-b82c-087d3654040c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_e00fc46c-829b-43c5-b058-222d6a839378" xlink:to="loc_srt_StatementScenarioAxis_9599d5c5-c2f2-46aa-b82c-087d3654040c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_9599d5c5-c2f2-46aa-b82c-087d3654040c_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementScenarioAxis_9599d5c5-c2f2-46aa-b82c-087d3654040c" xlink:to="loc_srt_ScenarioUnspecifiedDomain_9599d5c5-c2f2-46aa-b82c-087d3654040c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_8289e436-8d48-4f9c-8ad6-7eecb760611f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementScenarioAxis_9599d5c5-c2f2-46aa-b82c-087d3654040c" xlink:to="loc_srt_ScenarioUnspecifiedDomain_8289e436-8d48-4f9c-8ad6-7eecb760611f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_2c1d450f-bf7d-4476-ba45-eb9e7fbaaf4b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_2c1d450f-bf7d-4476-ba45-eb9e7fbaaf4b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_2468dbaa-0f67-430d-b0e0-99981db26525" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_2c1d450f-bf7d-4476-ba45-eb9e7fbaaf4b" xlink:to="loc_us-gaap_ProfitLoss_2468dbaa-0f67-430d-b0e0-99981db26525" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_2c1d450f-bf7d-4476-ba45-eb9e7fbaaf4b" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_ff9d4549-05f7-44ae-b5fc-9761d8df8ed5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_DepreciationAndAmortization_ff9d4549-05f7-44ae-b5fc-9761d8df8ed5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_b93f69ac-eeed-484d-a8e3-121e56478328" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensation"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_ShareBasedCompensation_b93f69ac-eeed-484d-a8e3-121e56478328" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_f4fbfb7c-135e-4982-ace6-501ef58f3edd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_f4fbfb7c-135e-4982-ace6-501ef58f3edd" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets1_64709fd7-8c87-433e-88e2-2ebc10da58ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfAssets1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets1_64709fd7-8c87-433e-88e2-2ebc10da58ce" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ChangeinFairValueofContingentConsideration_9151c058-a553-4b5a-aac4-d2014e87de95" xlink:href="mtn-20240731.xsd#mtn_ChangeinFairValueofContingentConsideration"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_mtn_ChangeinFairValueofContingentConsideration_9151c058-a553-4b5a-aac4-d2014e87de95" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashExpense_eb1f14ae-1c83-4f99-8e0c-451ad0645acd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherNoncashExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_OtherNoncashExpense_eb1f14ae-1c83-4f99-8e0c-451ad0645acd" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashIncome_69c0b352-4c45-4796-a8c5-e483bbf49d31" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherNoncashIncome"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_OtherNoncashIncome_69c0b352-4c45-4796-a8c5-e483bbf49d31" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_5c12d1e1-c37a-4984-af8e-4d198f146104" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_5c12d1e1-c37a-4984-af8e-4d198f146104" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_66115204-2fee-409c-8937-15c6af3bf3db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInInventories"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_66115204-2fee-409c-8937-15c6af3bf3db" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_bfb989cd-f096-4079-8cea-ad154b5090aa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_bfb989cd-f096-4079-8cea-ad154b5090aa" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredRevenue_40b812e6-bdf3-49ea-ada7-471f58fbf504" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInDeferredRevenue_40b812e6-bdf3-49ea-ada7-471f58fbf504" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_11f01a75-0b75-4832-b559-911846852fc7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_11f01a75-0b75-4832-b559-911846852fc7" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_914f3886-8f34-490f-bdff-bd254050303e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_914f3886-8f34-490f-bdff-bd254050303e" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4bd4d3ae-68da-465a-8e65-46bb80ab9a30" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_2c1d450f-bf7d-4476-ba45-eb9e7fbaaf4b" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4bd4d3ae-68da-465a-8e65-46bb80ab9a30" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets_b445c6aa-da91-40bc-9c1e-becf3bec39c8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireProductiveAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_PaymentsToAcquireProductiveAssets_b445c6aa-da91-40bc-9c1e-becf3bec39c8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ec29e7ba-27c6-4c07-943f-a7b1074c1b2b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ec29e7ba-27c6-4c07-943f-a7b1074c1b2b" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BusinessCombinationDepositsReturned_648a979a-10b5-4999-b207-9cae57c9afd5" xlink:href="mtn-20240731.xsd#mtn_BusinessCombinationDepositsReturned"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_mtn_BusinessCombinationDepositsReturned_648a979a-10b5-4999-b207-9cae57c9afd5" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BusinessCombinationDeposits_1b9b5aae-0c15-45ae-8a9b-71da859674ba" xlink:href="mtn-20240731.xsd#mtn_BusinessCombinationDeposits"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_mtn_BusinessCombinationDeposits_1b9b5aae-0c15-45ae-8a9b-71da859674ba" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireShortTermInvestments_e32a2bdf-8912-4224-90f2-94baf5755d0e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireShortTermInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_PaymentsToAcquireShortTermInvestments_e32a2bdf-8912-4224-90f2-94baf5755d0e" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_b74858c6-3e25-4244-98d8-17203cc67120" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_b74858c6-3e25-4244-98d8-17203cc67120" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_f6794c21-c247-4b4c-8c33-2500086edbfb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_f6794c21-c247-4b4c-8c33-2500086edbfb" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_b5eb3750-8b03-4c49-93d7-ca66a9918a38" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_b5eb3750-8b03-4c49-93d7-ca66a9918a38" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_9a41eeae-4c39-400e-801f-95737796209e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_9a41eeae-4c39-400e-801f-95737796209e" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ProceedsFrom6.50SeniorNotes_0da46680-1466-47ac-aaec-e66132a51887" xlink:href="mtn-20240731.xsd#mtn_ProceedsFrom6.50SeniorNotes"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_mtn_ProceedsFrom6.50SeniorNotes_0da46680-1466-47ac-aaec-e66132a51887" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsofTermLoan_8c3927a7-6015-4157-a5ee-1840abdba9f4" xlink:href="mtn-20240731.xsd#mtn_RepaymentsofTermLoan"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_mtn_RepaymentsofTermLoan_8c3927a7-6015-4157-a5ee-1840abdba9f4" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsOfBorrowingsUnder6.25Notes_9aaa2a42-f215-4e39-b686-5ad63b153e8f" xlink:href="mtn-20240731.xsd#mtn_RepaymentsOfBorrowingsUnder6.25Notes"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_mtn_RepaymentsOfBorrowingsUnder6.25Notes_9aaa2a42-f215-4e39-b686-5ad63b153e8f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsofWhistlerCreditAgreementrevolver_577a20a0-8314-4b6a-9399-2a0e1babd82f" xlink:href="mtn-20240731.xsd#mtn_RepaymentsofWhistlerCreditAgreementrevolver"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_mtn_RepaymentsofWhistlerCreditAgreementrevolver_577a20a0-8314-4b6a-9399-2a0e1babd82f" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentOfEB5DevelopmentNotes_d8fe2151-6af9-417d-9cc3-15a516a56086" xlink:href="mtn-20240731.xsd#mtn_RepaymentOfEB5DevelopmentNotes"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_mtn_RepaymentOfEB5DevelopmentNotes_d8fe2151-6af9-417d-9cc3-15a516a56086" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_e4187308-7b1a-49e4-a377-9e4c46a279c6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_e4187308-7b1a-49e4-a377-9e4c46a279c6" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_76577723-78f1-4b24-89e2-5a5cd2510fe4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_76577723-78f1-4b24-89e2-5a5cd2510fe4" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividends_25d58137-bd35-4683-a3d9-7b8b502713f0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsOfDividends"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_us-gaap_PaymentsOfDividends_25d58137-bd35-4683-a3d9-7b8b502713f0" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_ade13f19-7e14-4482-b686-b7ef954acbda" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_ade13f19-7e14-4482-b686-b7ef954acbda" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_ec3d2679-6124-47a9-b5fb-aae2c3af343b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_ec3d2679-6124-47a9-b5fb-aae2c3af343b" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_eec8ec33-9057-4215-9475-5e254581ca53" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_eec8ec33-9057-4215-9475-5e254581ca53" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_a41e8ec1-01c9-4287-a0dc-a6358df4cff5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_a41e8ec1-01c9-4287-a0dc-a6358df4cff5" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract_fa7c7607-f89f-4761-af26-7615501d97da" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract_fa7c7607-f89f-4761-af26-7615501d97da" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_a3aa56c7-f534-4612-abb8-357f0e60d11e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract_fa7c7607-f89f-4761-af26-7615501d97da" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_a3aa56c7-f534-4612-abb8-357f0e60d11e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_a29ebace-0715-4d54-aa56-4381935bb5bb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPaidNet_1ceed39a-cd50-418f-b5d7-cdb63857adf3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestPaidNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_InterestPaidNet_1ceed39a-cd50-418f-b5d7-cdb63857adf3" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxesPaid_0bda084b-7f2b-4d12-8e79-824b73405c9c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxesPaid"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_IncomeTaxesPaid_0bda084b-7f2b-4d12-8e79-824b73405c9c" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid_89d4ab82-ec1e-458c-ab8d-778addd18418" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalExpendituresIncurredButNotYetPaid"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid_89d4ab82-ec1e-458c-ab8d-778addd18418" xlink:type="arc" order="8"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/Acquisitions" xlink:type="simple" xlink:href="mtn-20240731.xsd#Acquisitions"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/Acquisitions" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems_21e5ad24-7c41-44f0-a026-d10b79927563" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1402c025-32a0-4c64-b930-1b8a8378dbb2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_21e5ad24-7c41-44f0-a026-d10b79927563" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1402c025-32a0-4c64-b930-1b8a8378dbb2" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_2183c593-ea0a-46e8-9c66-105213cb83d7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1402c025-32a0-4c64-b930-1b8a8378dbb2" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_2183c593-ea0a-46e8-9c66-105213cb83d7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_2183c593-ea0a-46e8-9c66-105213cb83d7_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_2183c593-ea0a-46e8-9c66-105213cb83d7" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_2183c593-ea0a-46e8-9c66-105213cb83d7_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_ffa6d4d7-e7b8-4945-a73b-271fdc0acb8a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_2183c593-ea0a-46e8-9c66-105213cb83d7" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_ffa6d4d7-e7b8-4945-a73b-271fdc0acb8a" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/AcquisitionsTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#AcquisitionsTables"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/AcquisitionsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_4889339a-cc4f-4fc5-8c6c-0d7181e495e3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_03f62c14-b054-4bfb-8c15-e943ad262834" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_4889339a-cc4f-4fc5-8c6c-0d7181e495e3" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_03f62c14-b054-4bfb-8c15-e943ad262834" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_8e6be446-c910-4708-82d2-ea3755905119" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_03f62c14-b054-4bfb-8c15-e943ad262834" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_8e6be446-c910-4708-82d2-ea3755905119" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_8e6be446-c910-4708-82d2-ea3755905119_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_8e6be446-c910-4708-82d2-ea3755905119" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_8e6be446-c910-4708-82d2-ea3755905119_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_93fbd46a-5f39-4208-9b4e-e21912d42d53" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_8e6be446-c910-4708-82d2-ea3755905119" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_93fbd46a-5f39-4208-9b4e-e21912d42d53" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SevenSpringsResortsMember_f15a0638-ec96-401a-a7ee-a472d6483cc5" xlink:href="mtn-20240731.xsd#mtn_SevenSpringsResortsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_93fbd46a-5f39-4208-9b4e-e21912d42d53" xlink:to="loc_mtn_SevenSpringsResortsMember_f15a0638-ec96-401a-a7ee-a472d6483cc5" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_82960f3e-29cc-4001-8baf-8a10fc2cbf21" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_93fbd46a-5f39-4208-9b4e-e21912d42d53" xlink:to="loc_mtn_AndermattSedrunMember_82960f3e-29cc-4001-8baf-8a10fc2cbf21" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CransMontanaMember_04cdad64-78f1-48b0-bf93-0fed0e3531ef" xlink:href="mtn-20240731.xsd#mtn_CransMontanaMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_93fbd46a-5f39-4208-9b4e-e21912d42d53" xlink:to="loc_mtn_CransMontanaMember_04cdad64-78f1-48b0-bf93-0fed0e3531ef" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_f4b4694d-37b3-4fef-8416-d7423d105a3b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_4889339a-cc4f-4fc5-8c6c-0d7181e495e3" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_f4b4694d-37b3-4fef-8416-d7423d105a3b" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SummaryofSignificantAccountingPoliciesNarrativeDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfChangeInAccountingEstimateTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_db826386-b76b-4c39-ac54-3c3df3f35157" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_db826386-b76b-4c39-ac54-3c3df3f35157" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_db826386-b76b-4c39-ac54-3c3df3f35157_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_db826386-b76b-4c39-ac54-3c3df3f35157" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_db826386-b76b-4c39-ac54-3c3df3f35157_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_db943555-5c53-45b8-a014-3d02f6d6bc42" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_db826386-b76b-4c39-ac54-3c3df3f35157" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_db943555-5c53-45b8-a014-3d02f6d6bc42" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_adec057a-4635-46b9-a67a-dfdeca1e7b17" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_srt_StatementScenarioAxis_adec057a-4635-46b9-a67a-dfdeca1e7b17" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_adec057a-4635-46b9-a67a-dfdeca1e7b17_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementScenarioAxis_adec057a-4635-46b9-a67a-dfdeca1e7b17" xlink:to="loc_srt_ScenarioUnspecifiedDomain_adec057a-4635-46b9-a67a-dfdeca1e7b17_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_6cd96f19-0745-4266-8318-9398f37540ec" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementScenarioAxis_adec057a-4635-46b9-a67a-dfdeca1e7b17" xlink:to="loc_srt_ScenarioUnspecifiedDomain_6cd96f19-0745-4266-8318-9398f37540ec" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_a563b85a-6736-49f3-998c-703054d7c817" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ScenarioUnspecifiedDomain_6cd96f19-0745-4266-8318-9398f37540ec" xlink:to="loc_srt_ScenarioForecastMember_a563b85a-6736-49f3-998c-703054d7c817" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_778d53db-85ce-4e75-925c-6978af4352d4" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_srt_RangeAxis_778d53db-85ce-4e75-925c-6978af4352d4" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_778d53db-85ce-4e75-925c-6978af4352d4_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_778d53db-85ce-4e75-925c-6978af4352d4" xlink:to="loc_srt_RangeMember_778d53db-85ce-4e75-925c-6978af4352d4_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_88c7307b-8424-4d0f-b827-05c41d017f96" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_778d53db-85ce-4e75-925c-6978af4352d4" xlink:to="loc_srt_RangeMember_88c7307b-8424-4d0f-b827-05c41d017f96" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_7759c111-6811-4380-87dd-f2067db37c60" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_88c7307b-8424-4d0f-b827-05c41d017f96" xlink:to="loc_srt_MinimumMember_7759c111-6811-4380-87dd-f2067db37c60" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_0f4f9f98-33b5-45b2-8c66-892d2794cd34" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_88c7307b-8424-4d0f-b827-05c41d017f96" xlink:to="loc_srt_MaximumMember_0f4f9f98-33b5-45b2-8c66-892d2794cd34" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_f1f911d1-6648-4943-8715-5eb3f514e163" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_f1f911d1-6648-4943-8715-5eb3f514e163" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_f1f911d1-6648-4943-8715-5eb3f514e163_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_f1f911d1-6648-4943-8715-5eb3f514e163" xlink:to="loc_us-gaap_EquityComponentDomain_f1f911d1-6648-4943-8715-5eb3f514e163_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_427d9c67-b910-47d7-b472-c27d0ef3fda1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_f1f911d1-6648-4943-8715-5eb3f514e163" xlink:to="loc_us-gaap_EquityComponentDomain_427d9c67-b910-47d7-b472-c27d0ef3fda1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_9e269162-261e-4ed7-8c4b-f6ed177490df" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_427d9c67-b910-47d7-b472-c27d0ef3fda1" xlink:to="loc_us-gaap_RetainedEarningsMember_9e269162-261e-4ed7-8c4b-f6ed177490df" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_1a7643ec-f0d6-40db-b7af-bee44098cad1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_1a7643ec-f0d6-40db-b7af-bee44098cad1" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_1a7643ec-f0d6-40db-b7af-bee44098cad1_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_1a7643ec-f0d6-40db-b7af-bee44098cad1" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_1a7643ec-f0d6-40db-b7af-bee44098cad1_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_1a7643ec-f0d6-40db-b7af-bee44098cad1" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A6.25NotesMember_899b8c7f-cc6f-4ce4-b994-0ef948493a9e" xlink:href="mtn-20240731.xsd#mtn_A6.25NotesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:to="loc_mtn_A6.25NotesMember_899b8c7f-cc6f-4ce4-b994-0ef948493a9e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EPRSecuredNotesMember_8da6556b-1007-43d9-948c-670aa9723cf3" xlink:href="mtn-20240731.xsd#mtn_EPRSecuredNotesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:to="loc_mtn_EPRSecuredNotesMember_8da6556b-1007-43d9-948c-670aa9723cf3" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A00NotesMember_6d5c8fd2-da57-415a-89c6-eab586e49a77" xlink:href="mtn-20240731.xsd#mtn_A00NotesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:to="loc_mtn_A00NotesMember_6d5c8fd2-da57-415a-89c6-eab586e49a77" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NRPLoanMember_61230983-46a5-4a45-8f6d-3e4d7dc1e77d" xlink:href="mtn-20240731.xsd#mtn_NRPLoanMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:to="loc_mtn_NRPLoanMember_61230983-46a5-4a45-8f6d-3e4d7dc1e77d" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_2861abef-bddb-4f20-b0f2-5a84a070d09c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_2861abef-bddb-4f20-b0f2-5a84a070d09c" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TypeOfAdoptionMember_2861abef-bddb-4f20-b0f2-5a84a070d09c_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TypeOfAdoptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_2861abef-bddb-4f20-b0f2-5a84a070d09c" xlink:to="loc_us-gaap_TypeOfAdoptionMember_2861abef-bddb-4f20-b0f2-5a84a070d09c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TypeOfAdoptionMember_19b4afec-5b98-4413-b0ef-f11fab41876c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TypeOfAdoptionMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_2861abef-bddb-4f20-b0f2-5a84a070d09c" xlink:to="loc_us-gaap_TypeOfAdoptionMember_19b4afec-5b98-4413-b0ef-f11fab41876c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CumulativeEffectPeriodOfAdoptionAxis_f2d7b2dc-eacf-405e-a26a-c0ff1cb9034b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CumulativeEffectPeriodOfAdoptionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_srt_CumulativeEffectPeriodOfAdoptionAxis_f2d7b2dc-eacf-405e-a26a-c0ff1cb9034b" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CumulativeEffectPeriodOfAdoptionDomain_f2d7b2dc-eacf-405e-a26a-c0ff1cb9034b_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CumulativeEffectPeriodOfAdoptionDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_CumulativeEffectPeriodOfAdoptionAxis_f2d7b2dc-eacf-405e-a26a-c0ff1cb9034b" xlink:to="loc_srt_CumulativeEffectPeriodOfAdoptionDomain_f2d7b2dc-eacf-405e-a26a-c0ff1cb9034b_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CumulativeEffectPeriodOfAdoptionDomain_cbd74855-f141-48d4-8c51-c11fa0c1abdc" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CumulativeEffectPeriodOfAdoptionDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_CumulativeEffectPeriodOfAdoptionAxis_f2d7b2dc-eacf-405e-a26a-c0ff1cb9034b" xlink:to="loc_srt_CumulativeEffectPeriodOfAdoptionDomain_cbd74855-f141-48d4-8c51-c11fa0c1abdc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InterestRateSwapNotionalAmount_1170bebb-da4a-4ae2-bc02-16c8fd081efe" xlink:href="mtn-20240731.xsd#mtn_InterestRateSwapNotionalAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_mtn_InterestRateSwapNotionalAmount_1170bebb-da4a-4ae2-bc02-16c8fd081efe" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_d408cb1b-0650-47c3-aa1f-63b031496e5f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_DebtInstrumentFairValue_d408cb1b-0650-47c3-aa1f-63b031496e5f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesAndLoansPayable_39b06e52-b8e4-4756-9a4d-9f5844433bd0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesAndLoansPayable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_NotesAndLoansPayable_39b06e52-b8e4-4756-9a4d-9f5844433bd0" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccountsPayableAccruedLiabilities_c4558b0e-0493-4e05-9dcb-83aaad5bbf26" xlink:href="mtn-20240731.xsd#mtn_AccountsPayableAccruedLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_mtn_AccountsPayableAccruedLiabilities_c4558b0e-0493-4e05-9dcb-83aaad5bbf26" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdvertisingExpense_758ac0c7-8053-463b-9f12-96d7b2fbe7bc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdvertisingExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_AdvertisingExpense_758ac0c7-8053-463b-9f12-96d7b2fbe7bc" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_5853e86a-3496-4772-beeb-601060a5791e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_5853e86a-3496-4772-beeb-601060a5791e" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_7e99fb3f-20cb-4c9b-8e33-e617ce06fe4e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_7e99fb3f-20cb-4c9b-8e33-e617ce06fe4e" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_8c219460-91a0-4d54-9ac3-b653a8c4a48f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_8c219460-91a0-4d54-9ac3-b653a8c4a48f" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_e62a7afe-5d17-433a-b4c2-cad8892e8abf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_OperatingLeaseLiability_e62a7afe-5d17-433a-b4c2-cad8892e8abf" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_fd09abb9-edae-4d0d-a408-90f4959d1125" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_fd09abb9-edae-4d0d-a408-90f4959d1125" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_aead20eb-0324-406e-8243-df465f74500b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_aead20eb-0324-406e-8243-df465f74500b" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_ad459de2-1f13-460a-b0d9-d96967b12358" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligations"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_ad459de2-1f13-460a-b0d9-d96967b12358" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_a61c300c-7c12-4063-aff5-2d98f47d1852" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_a61c300c-7c12-4063-aff5-2d98f47d1852" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_d556bf97-160d-42f1-95c8-3023cf03cfdf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_d556bf97-160d-42f1-95c8-3023cf03cfdf" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_00b2cd46-64ab-41cc-b6b9-5d5e208d55ae" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_00b2cd46-64ab-41cc-b6b9-5d5e208d55ae" xlink:type="arc" order="14"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_470938a1-88bb-4768-a18f-28a7ce7e2895" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_c0a57558-2990-4249-854a-1c06e025fadf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_470938a1-88bb-4768-a18f-28a7ce7e2895" xlink:to="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_c0a57558-2990-4249-854a-1c06e025fadf" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_28c61262-b769-4755-9b82-d43d13fcf9e6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_c0a57558-2990-4249-854a-1c06e025fadf" xlink:to="loc_srt_RangeAxis_28c61262-b769-4755-9b82-d43d13fcf9e6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_28c61262-b769-4755-9b82-d43d13fcf9e6_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_28c61262-b769-4755-9b82-d43d13fcf9e6" xlink:to="loc_srt_RangeMember_28c61262-b769-4755-9b82-d43d13fcf9e6_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_08d58b28-3190-4063-8063-ffb1eadb4999" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_28c61262-b769-4755-9b82-d43d13fcf9e6" xlink:to="loc_srt_RangeMember_08d58b28-3190-4063-8063-ffb1eadb4999" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_c3fcc227-3876-4839-a59d-7c23b60ee8e4" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_08d58b28-3190-4063-8063-ffb1eadb4999" xlink:to="loc_srt_MinimumMember_c3fcc227-3876-4839-a59d-7c23b60ee8e4" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_2d3ff77e-0cdc-480b-8a61-6cd8ff10b172" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_08d58b28-3190-4063-8063-ffb1eadb4999" xlink:to="loc_srt_MaximumMember_2d3ff77e-0cdc-480b-8a61-6cd8ff10b172" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_1c407ba3-fc8e-4e00-a70d-b5444cb424c4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_c0a57558-2990-4249-854a-1c06e025fadf" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_1c407ba3-fc8e-4e00-a70d-b5444cb424c4" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_1c407ba3-fc8e-4e00-a70d-b5444cb424c4_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_1c407ba3-fc8e-4e00-a70d-b5444cb424c4" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_1c407ba3-fc8e-4e00-a70d-b5444cb424c4_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_1c407ba3-fc8e-4e00-a70d-b5444cb424c4" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LandImprovementsMember_9b655b04-28d2-404a-aaaa-143cd95be626" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LandImprovementsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_LandImprovementsMember_9b655b04-28d2-404a-aaaa-143cd95be626" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BuildingAndBuildingImprovementsMember_a7bf8057-fefe-4f6f-b7ab-c649d886a864" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BuildingAndBuildingImprovementsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_BuildingAndBuildingImprovementsMember_a7bf8057-fefe-4f6f-b7ab-c649d886a864" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MachineryAndEquipmentMember_b39e34df-d3ab-4c0c-a6f5-1f0367e51dde" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MachineryAndEquipmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_MachineryAndEquipmentMember_b39e34df-d3ab-4c0c-a6f5-1f0367e51dde" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FurnitureAndFixturesMember_bc0b8d4b-c2f6-4536-902f-6f90d1ac5eb1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FurnitureAndFixturesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_FurnitureAndFixturesMember_bc0b8d4b-c2f6-4536-902f-6f90d1ac5eb1" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember_ca89ecde-f603-4035-a359-d6bf864758f3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SoftwareAndSoftwareDevelopmentCostsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember_ca89ecde-f603-4035-a359-d6bf864758f3" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VehiclesMember_7210700c-95ef-495b-95ba-12d083e0b74a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VehiclesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_VehiclesMember_7210700c-95ef-495b-95ba-12d083e0b74a" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_fe3360ad-caf1-4719-ab8f-0988315b5d62" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_470938a1-88bb-4768-a18f-28a7ce7e2895" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_fe3360ad-caf1-4719-ab8f-0988315b5d62" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_f06c082f-19cf-4296-874a-375acf0de237" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable_20814ff8-9193-47a3-8701-e472a78491b4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_f06c082f-19cf-4296-874a-375acf0de237" xlink:to="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable_20814ff8-9193-47a3-8701-e472a78491b4" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_aa1aadd9-998c-4b87-939a-4b6d35fa4a5e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable_20814ff8-9193-47a3-8701-e472a78491b4" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_aa1aadd9-998c-4b87-939a-4b6d35fa4a5e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_aa1aadd9-998c-4b87-939a-4b6d35fa4a5e_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_aa1aadd9-998c-4b87-939a-4b6d35fa4a5e" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_aa1aadd9-998c-4b87-939a-4b6d35fa4a5e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_b909c7a4-83c2-4d59-b2d0-e537c832aea0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_aa1aadd9-998c-4b87-939a-4b6d35fa4a5e" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_b909c7a4-83c2-4d59-b2d0-e537c832aea0" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainOperatingExpenseMember_81b55de8-936e-46f6-ae4b-be7c2d95a4fd" xlink:href="mtn-20240731.xsd#mtn_MountainOperatingExpenseMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_b909c7a4-83c2-4d59-b2d0-e537c832aea0" xlink:to="loc_mtn_MountainOperatingExpenseMember_81b55de8-936e-46f6-ae4b-be7c2d95a4fd" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingOperatingExpenseMember_653cc650-66f6-4f3a-9956-3b6b6e60ab0d" xlink:href="mtn-20240731.xsd#mtn_LodgingOperatingExpenseMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_b909c7a4-83c2-4d59-b2d0-e537c832aea0" xlink:to="loc_mtn_LodgingOperatingExpenseMember_653cc650-66f6-4f3a-9956-3b6b6e60ab0d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateOperatingExpenseMember_3b53406d-8275-470e-a00d-f66579704253" xlink:href="mtn-20240731.xsd#mtn_RealEstateOperatingExpenseMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_b909c7a4-83c2-4d59-b2d0-e537c832aea0" xlink:to="loc_mtn_RealEstateOperatingExpenseMember_3b53406d-8275-470e-a00d-f66579704253" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_4051ccc1-ea20-42d5-bf75-502560ef115e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f06c082f-19cf-4296-874a-375acf0de237" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_4051ccc1-ea20-42d5-bf75-502560ef115e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_2d60e1af-179a-4eb0-843e-1659874a5d7f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f06c082f-19cf-4296-874a-375acf0de237" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_2d60e1af-179a-4eb0-843e-1659874a5d7f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax_709d8816-6296-444f-9558-0c4ad9234514" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f06c082f-19cf-4296-874a-375acf0de237" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax_709d8816-6296-444f-9558-0c4ad9234514" xlink:type="arc" order="2"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/RevenuesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#RevenuesDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/RevenuesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisaggregationOfRevenueTable_e4e2173b-191b-4c22-94c4-e5a34042a9b1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_us-gaap_DisaggregationOfRevenueTable_e4e2173b-191b-4c22-94c4-e5a34042a9b1" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_d29fb0a7-c340-470c-a8d6-c17a3d0a6572" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DisaggregationOfRevenueTable_e4e2173b-191b-4c22-94c4-e5a34042a9b1" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_d29fb0a7-c340-470c-a8d6-c17a3d0a6572" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_d29fb0a7-c340-470c-a8d6-c17a3d0a6572_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_d29fb0a7-c340-470c-a8d6-c17a3d0a6572" xlink:to="loc_us-gaap_SegmentDomain_d29fb0a7-c340-470c-a8d6-c17a3d0a6572_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_d29fb0a7-c340-470c-a8d6-c17a3d0a6572" xlink:to="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherMountainRevenueMember_c6865682-9b55-4e30-b124-eeb35c064247" xlink:href="mtn-20240731.xsd#mtn_OtherMountainRevenueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:to="loc_mtn_OtherMountainRevenueMember_c6865682-9b55-4e30-b124-eeb35c064247" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RetailRentalMember_69248a00-189a-47dc-8dc1-92a732dc5bbf" xlink:href="mtn-20240731.xsd#mtn_RetailRentalMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:to="loc_mtn_RetailRentalMember_69248a00-189a-47dc-8dc1-92a732dc5bbf" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DiningMember_c3676d0e-8100-4741-8a53-8891ac478f67" xlink:href="mtn-20240731.xsd#mtn_DiningMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:to="loc_mtn_DiningMember_c3676d0e-8100-4741-8a53-8891ac478f67" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SkiSchoolMember_d9bc9ffd-9e26-4ef2-bc6d-6d2d16ac5d4e" xlink:href="mtn-20240731.xsd#mtn_SkiSchoolMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:to="loc_mtn_SkiSchoolMember_d9bc9ffd-9e26-4ef2-bc6d-6d2d16ac5d4e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LiftTicketsMember_3aed727d-7e02-4bd1-8b75-0ef685bf6463" xlink:href="mtn-20240731.xsd#mtn_LiftTicketsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:to="loc_mtn_LiftTicketsMember_3aed727d-7e02-4bd1-8b75-0ef685bf6463" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis_0578867a-9a1b-4550-9fbd-156f30d102bb" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductOrServiceAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DisaggregationOfRevenueTable_e4e2173b-191b-4c22-94c4-e5a34042a9b1" xlink:to="loc_srt_ProductOrServiceAxis_0578867a-9a1b-4550-9fbd-156f30d102bb" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain_0578867a-9a1b-4550-9fbd-156f30d102bb_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductsAndServicesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ProductOrServiceAxis_0578867a-9a1b-4550-9fbd-156f30d102bb" xlink:to="loc_srt_ProductsAndServicesDomain_0578867a-9a1b-4550-9fbd-156f30d102bb_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductsAndServicesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ProductOrServiceAxis_0578867a-9a1b-4550-9fbd-156f30d102bb" xlink:to="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LiftTicketsMember_75a7df3a-b80a-4be0-8df3-3fa609d0127e" xlink:href="mtn-20240731.xsd#mtn_LiftTicketsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_LiftTicketsMember_75a7df3a-b80a-4be0-8df3-3fa609d0127e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SkiSchoolMember_788bde1a-c3d7-4307-8978-c650d200c289" xlink:href="mtn-20240731.xsd#mtn_SkiSchoolMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_SkiSchoolMember_788bde1a-c3d7-4307-8978-c650d200c289" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DiningMember_952868d9-2230-47b1-a44c-a9a1bf423204" xlink:href="mtn-20240731.xsd#mtn_DiningMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_DiningMember_952868d9-2230-47b1-a44c-a9a1bf423204" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RetailRentalMember_27bcd162-a46f-441d-9a9b-7d6399abd431" xlink:href="mtn-20240731.xsd#mtn_RetailRentalMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_RetailRentalMember_27bcd162-a46f-441d-9a9b-7d6399abd431" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherMountainRevenueMember_ea489878-81ca-4843-8636-09083e5ead2c" xlink:href="mtn-20240731.xsd#mtn_OtherMountainRevenueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_OtherMountainRevenueMember_ea489878-81ca-4843-8636-09083e5ead2c" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OwnedHotelRevenueMember_86b68464-e92c-43cc-bd6f-8fb37275dcff" xlink:href="mtn-20240731.xsd#mtn_OwnedHotelRevenueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_OwnedHotelRevenueMember_86b68464-e92c-43cc-bd6f-8fb37275dcff" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ManagedcondominiumroomsMember_29f268d5-a32a-47ba-8dc7-0504c26a872e" xlink:href="mtn-20240731.xsd#mtn_ManagedcondominiumroomsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_ManagedcondominiumroomsMember_29f268d5-a32a-47ba-8dc7-0504c26a872e" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TransportationMember_7794f467-d983-401f-80e8-4d7f67ab763d" xlink:href="mtn-20240731.xsd#mtn_TransportationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_TransportationMember_7794f467-d983-401f-80e8-4d7f67ab763d" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GolfMember_4c8b64c1-bcf8-466a-a982-2405669d4e27" xlink:href="mtn-20240731.xsd#mtn_GolfMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_GolfMember_4c8b64c1-bcf8-466a-a982-2405669d4e27" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherLodgingRevenueMember_71f581a1-65a5-461c-aa3b-8365e55a1446" xlink:href="mtn-20240731.xsd#mtn_OtherLodgingRevenueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_OtherLodgingRevenueMember_71f581a1-65a5-461c-aa3b-8365e55a1446" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember_488b1529-137f-467f-8516-57c61dad71bd" xlink:href="mtn-20240731.xsd#mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember_488b1529-137f-467f-8516-57c61dad71bd" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PayrollcostreimbursementsMember_e8b8491f-f3b7-47e2-aca1-e8544fade2ce" xlink:href="mtn-20240731.xsd#mtn_PayrollcostreimbursementsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_PayrollcostreimbursementsMember_e8b8491f-f3b7-47e2-aca1-e8544fade2ce" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_b0d0035b-981f-45e7-9c3d-674aed95ae65" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_b0d0035b-981f-45e7-9c3d-674aed95ae65" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainRevenueNet_690b99ca-bbdc-401b-92f3-1dcaa5256402" xlink:href="mtn-20240731.xsd#mtn_MountainRevenueNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_mtn_MountainRevenueNet_690b99ca-bbdc-401b-92f3-1dcaa5256402" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingRevenueNet_245f1b71-d9e9-44c9-9ff6-ce9badb7643f" xlink:href="mtn-20240731.xsd#mtn_LodgingRevenueNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_mtn_LodgingRevenueNet_245f1b71-d9e9-44c9-9ff6-ce9badb7643f" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortRevenueNet_bca5df77-a4d3-4bc5-8626-87a37529f85b" xlink:href="mtn-20240731.xsd#mtn_ResortRevenueNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_mtn_ResortRevenueNet_bca5df77-a4d3-4bc5-8626-87a37529f85b" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateRevenue_b13e9427-87a4-4793-8c90-5526c822ac32" xlink:href="mtn-20240731.xsd#mtn_RealEstateRevenue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_mtn_RealEstateRevenue_b13e9427-87a4-4793-8c90-5526c822ac32" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_0cc134fa-7cff-4889-81d6-bdc60d684eef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_us-gaap_Revenues_0cc134fa-7cff-4889-81d6-bdc60d684eef" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredRevenueCurrent_70ecb026-a375-4175-ae95-5f90023f9c71" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredRevenueCurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_us-gaap_DeferredRevenueCurrent_70ecb026-a375-4175-ae95-5f90023f9c71" xlink:type="arc" order="6"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/LeasesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#LeasesDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/LeasesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_6c1bccc3-aa05-4381-916f-6d6c5cbe0a8e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_6c1bccc3-aa05-4381-916f-6d6c5cbe0a8e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_6c1bccc3-aa05-4381-916f-6d6c5cbe0a8e_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_6c1bccc3-aa05-4381-916f-6d6c5cbe0a8e" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_6c1bccc3-aa05-4381-916f-6d6c5cbe0a8e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_6c1bccc3-aa05-4381-916f-6d6c5cbe0a8e" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsObligationMember_3021a727-9311-4f6f-aab2-9c9e24c577d9" xlink:href="mtn-20240731.xsd#mtn_CanyonsObligationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:to="loc_mtn_CanyonsObligationMember_3021a727-9311-4f6f-aab2-9c9e24c577d9" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerEmployeeHousingLeasesMember_9d64803d-bae0-4da1-a098-d40177a7a64e" xlink:href="mtn-20240731.xsd#mtn_WhistlerEmployeeHousingLeasesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:to="loc_mtn_WhistlerEmployeeHousingLeasesMember_9d64803d-bae0-4da1-a098-d40177a7a64e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarResortFinanceLeasesMember_1793f40a-77dc-46d2-8a5f-ceb9ad9e61d6" xlink:href="mtn-20240731.xsd#mtn_NorthstarResortFinanceLeasesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:to="loc_mtn_NorthstarResortFinanceLeasesMember_1793f40a-77dc-46d2-8a5f-ceb9ad9e61d6" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarMember_ff0ac255-18d4-4932-b7ff-e155b1f9ef73" xlink:href="mtn-20240731.xsd#mtn_NorthstarMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:to="loc_mtn_NorthstarMember_ff0ac255-18d4-4932-b7ff-e155b1f9ef73" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_bddb35f4-bb7c-4a6b-a0ce-a5702f7c2477" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:to="loc_srt_RangeAxis_bddb35f4-bb7c-4a6b-a0ce-a5702f7c2477" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_bddb35f4-bb7c-4a6b-a0ce-a5702f7c2477_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_bddb35f4-bb7c-4a6b-a0ce-a5702f7c2477" xlink:to="loc_srt_RangeMember_bddb35f4-bb7c-4a6b-a0ce-a5702f7c2477_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_3aa1f904-73f7-4010-b9bc-d95575f4fddc" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_bddb35f4-bb7c-4a6b-a0ce-a5702f7c2477" xlink:to="loc_srt_RangeMember_3aa1f904-73f7-4010-b9bc-d95575f4fddc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_c8f3ed0f-a714-45af-889f-3e97ca2f99bc" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_3aa1f904-73f7-4010-b9bc-d95575f4fddc" xlink:to="loc_srt_MinimumMember_c8f3ed0f-a714-45af-889f-3e97ca2f99bc" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_2d73d225-bc43-4dfb-b1fe-ee0c2cddb34c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_3aa1f904-73f7-4010-b9bc-d95575f4fddc" xlink:to="loc_srt_MaximumMember_2d73d225-bc43-4dfb-b1fe-ee0c2cddb34c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_325f370b-87fe-4da5-b93d-5ecac11926ee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_325f370b-87fe-4da5-b93d-5ecac11926ee" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_325f370b-87fe-4da5-b93d-5ecac11926ee_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BalanceSheetLocationAxis_325f370b-87fe-4da5-b93d-5ecac11926ee" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_325f370b-87fe-4da5-b93d-5ecac11926ee_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_8cf16901-90b0-441a-bb99-6aedabc5071c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BalanceSheetLocationAxis_325f370b-87fe-4da5-b93d-5ecac11926ee" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_8cf16901-90b0-441a-bb99-6aedabc5071c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_9001303c-e844-488b-9325-56878acab090" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_9001303c-e844-488b-9325-56878acab090" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_76b0a2d6-3277-4cb1-aa43-36d6e979600c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_76b0a2d6-3277-4cb1-aa43-36d6e979600c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeasePayments_a6bb4cca-9761-4ae0-83a1-12d088f69756" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeasePayments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeasePayments_a6bb4cca-9761-4ae0-83a1-12d088f69756" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetAmortization_62e1fd05-5f80-4603-ab86-310c6aa28677" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAssetAmortization_62e1fd05-5f80-4603-ab86-310c6aa28677" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseInterestExpense_24752602-8809-4044-bfd6-0b8ddc2f6c14" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseInterestExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseInterestExpense_24752602-8809-4044-bfd6-0b8ddc2f6c14" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseCost_0898b6cf-4954-40eb-933c-3b77b2628374" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeaseCost_0898b6cf-4954-40eb-933c-3b77b2628374" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermLeaseCost_8f5e961f-9812-44f2-b5d0-edf957c8d383" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortTermLeaseCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_ShortTermLeaseCost_8f5e961f-9812-44f2-b5d0-edf957c8d383" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableLeaseCost_cb437c3c-9b30-41a6-93e8-ed690e73e543" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableLeaseCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_VariableLeaseCost_cb437c3c-9b30-41a6-93e8-ed690e73e543" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCashOutflowsforFinanceLeases_d8ae2ead-4d15-48f1-b9ef-e4ae7781c5ea" xlink:href="mtn-20240731.xsd#mtn_OperatingCashOutflowsforFinanceLeases"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_mtn_OperatingCashOutflowsforFinanceLeases_d8ae2ead-4d15-48f1-b9ef-e4ae7781c5ea" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_336d238a-2090-4720-9b26-7f46490e4649" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_336d238a-2090-4720-9b26-7f46490e4649" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_09ed38a9-7f82-4979-94f6-6a399f6f8b79" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_09ed38a9-7f82-4979-94f6-6a399f6f8b79" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_acbee776-e564-4edb-8d52-fae27481fede" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_acbee776-e564-4edb-8d52-fae27481fede" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_9ca63479-3394-4e01-8760-eaefa8d4d6d6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_9ca63479-3394-4e01-8760-eaefa8d4d6d6" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour_4b03bf0f-8d03-4148-a26d-c6ece9c9ebf4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour_4b03bf0f-8d03-4148-a26d-c6ece9c9ebf4" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_3d0100ba-e9d6-48d0-893a-e28daf81d0e6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_3d0100ba-e9d6-48d0-893a-e28daf81d0e6" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive_7817d75b-6a76-4fb3-a886-5791cf6e3c6f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive_7817d75b-6a76-4fb3-a886-5791cf6e3c6f" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_2e44916f-53db-4848-bf82-9738b813b26f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_2e44916f-53db-4848-bf82-9738b813b26f" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive_25c8aa28-83e0-4622-b954-3ceaabaa3e4c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive_25c8aa28-83e0-4622-b954-3ceaabaa3e4c" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_6647240a-ca8a-4586-9e9e-43355439ce15" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_6647240a-ca8a-4586-9e9e-43355439ce15" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_80caae18-ca16-43cd-bbb2-c20efce8ece7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_80caae18-ca16-43cd-bbb2-c20efce8ece7" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDue_5a309d1b-01d3-4a65-94a1-4e4820ce2913" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDue_5a309d1b-01d3-4a65-94a1-4e4820ce2913" xlink:type="arc" order="20"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_d1e46895-acaa-40c3-b8a4-1fed5f12dd20" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_d1e46895-acaa-40c3-b8a4-1fed5f12dd20" xlink:type="arc" order="21"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_30b949d6-cac8-462f-baff-52b30e27664b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_30b949d6-cac8-462f-baff-52b30e27664b" xlink:type="arc" order="22"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_ac631803-a01c-4635-ab66-b6e1db5f1587" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeaseLiability_ac631803-a01c-4635-ab66-b6e1db5f1587" xlink:type="arc" order="23"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiability_bb190bd5-7a4d-4b4f-a81a-fa507d2ef9ef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiability"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiability_bb190bd5-7a4d-4b4f-a81a-fa507d2ef9ef" xlink:type="arc" order="24"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_76a69b45-1511-4be1-a918-844d1febd362" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LongTermDebt_76a69b45-1511-4be1-a918-844d1febd362" xlink:type="arc" order="25"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAsset_f187a4e9-6e65-416b-be61-ed9c85df7f6a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAsset_f187a4e9-6e65-416b-be61-ed9c85df7f6a" xlink:type="arc" order="26"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization_1c264d9a-b45c-4e6d-9d1e-22b69d1b71d6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization_1c264d9a-b45c-4e6d-9d1e-22b69d1b71d6" xlink:type="arc" order="27"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LesseeOperatingAndFinanceLeaseTerm_bd19f443-908e-43f6-bc51-135b09223f22" xlink:href="mtn-20240731.xsd#mtn_LesseeOperatingAndFinanceLeaseTerm"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_mtn_LesseeOperatingAndFinanceLeaseTerm_bd19f443-908e-43f6-bc51-135b09223f22" xlink:type="arc" order="28"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_07f60196-a81a-4888-bc62-24876d11c732" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_07f60196-a81a-4888-bc62-24876d11c732" xlink:type="arc" order="29"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability_e31c3d2d-b760-4837-a6fa-8ce0f4147c41" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability_e31c3d2d-b760-4837-a6fa-8ce0f4147c41" xlink:type="arc" order="30"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_4dba03db-1b5c-4f57-831f-d76746b22d5c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_4dba03db-1b5c-4f57-831f-d76746b22d5c" xlink:type="arc" order="31"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_d9d423f8-8578-4778-a02b-2e8a49052e22" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_d9d423f8-8578-4778-a02b-2e8a49052e22" xlink:type="arc" order="32"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo_abae4dc7-5e01-4076-980f-ff24afbea593" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo_abae4dc7-5e01-4076-980f-ff24afbea593" xlink:type="arc" order="33"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree_7d7d9321-e4e7-40b9-a9f8-c896de4ac565" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree_7d7d9321-e4e7-40b9-a9f8-c896de4ac565" xlink:type="arc" order="34"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CurrentOperatingLeaseLiability_ba02b67f-1237-487b-98f5-fbb516fac75a" xlink:href="mtn-20240731.xsd#mtn_CurrentOperatingLeaseLiability"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_mtn_CurrentOperatingLeaseLiability_ba02b67f-1237-487b-98f5-fbb516fac75a" xlink:type="arc" order="35"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList_ea1135b1-1b45-4661-846d-888d5c0c6101" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList_ea1135b1-1b45-4661-846d-888d5c0c6101" xlink:type="arc" order="36"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_29f485d6-6592-4071-a4ad-82dece8c1522" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_29f485d6-6592-4071-a4ad-82dece8c1522" xlink:type="arc" order="37"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_bf18420f-24ab-467f-a97d-b7d0b8d3c697" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_bf18420f-24ab-467f-a97d-b7d0b8d3c697" xlink:type="arc" order="38"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/NetIncomePerCommonShareDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#NetIncomePerCommonShareDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/NetIncomePerCommonShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_2b06a469-a1ba-4e89-9795-8145f7c24082" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_2b06a469-a1ba-4e89-9795-8145f7c24082" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_2b06a469-a1ba-4e89-9795-8145f7c24082_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_2b06a469-a1ba-4e89-9795-8145f7c24082" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_2b06a469-a1ba-4e89-9795-8145f7c24082_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6d697f04-de01-4a90-9790-1753fc712f39" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_2b06a469-a1ba-4e89-9795-8145f7c24082" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6d697f04-de01-4a90-9790-1753fc712f39" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_b088e845-1e7b-420c-bf5d-6d7e70ad9af1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_b088e845-1e7b-420c-bf5d-6d7e70ad9af1" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_b088e845-1e7b-420c-bf5d-6d7e70ad9af1_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_b088e845-1e7b-420c-bf5d-6d7e70ad9af1" xlink:to="loc_us-gaap_EquityComponentDomain_b088e845-1e7b-420c-bf5d-6d7e70ad9af1_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_c941bab9-0a67-4acf-bee9-90223d2ca904" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_b088e845-1e7b-420c-bf5d-6d7e70ad9af1" xlink:to="loc_us-gaap_EquityComponentDomain_c941bab9-0a67-4acf-bee9-90223d2ca904" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_6fb3791d-2af6-4bb0-8b3e-10fc92741886" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_c941bab9-0a67-4acf-bee9-90223d2ca904" xlink:to="loc_us-gaap_CommonStockMember_6fb3791d-2af6-4bb0-8b3e-10fc92741886" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_bdd11893-29e5-4d7f-9f19-898d49d0d58c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_srt_StatementScenarioAxis_bdd11893-29e5-4d7f-9f19-898d49d0d58c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_bdd11893-29e5-4d7f-9f19-898d49d0d58c_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementScenarioAxis_bdd11893-29e5-4d7f-9f19-898d49d0d58c" xlink:to="loc_srt_ScenarioUnspecifiedDomain_bdd11893-29e5-4d7f-9f19-898d49d0d58c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_77ab88c9-a14d-494e-bf04-ee2246faa767" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementScenarioAxis_bdd11893-29e5-4d7f-9f19-898d49d0d58c" xlink:to="loc_srt_ScenarioUnspecifiedDomain_77ab88c9-a14d-494e-bf04-ee2246faa767" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_d199b66c-3850-4e40-8d1c-21acffad0945" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ScenarioUnspecifiedDomain_77ab88c9-a14d-494e-bf04-ee2246faa767" xlink:to="loc_srt_ScenarioForecastMember_d199b66c-3850-4e40-8d1c-21acffad0945" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_85440cb9-1362-4ca2-9320-3db02d5deaeb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_us-gaap_DebtInstrumentAxis_85440cb9-1362-4ca2-9320-3db02d5deaeb" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_85440cb9-1362-4ca2-9320-3db02d5deaeb_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_85440cb9-1362-4ca2-9320-3db02d5deaeb" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_85440cb9-1362-4ca2-9320-3db02d5deaeb_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_e818f9a5-4549-4f8e-b6f8-3dc48a5d9b3c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_85440cb9-1362-4ca2-9320-3db02d5deaeb" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_e818f9a5-4549-4f8e-b6f8-3dc48a5d9b3c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember_c28ab872-1138-4fb8-b2bc-5479aa55f6d9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_e818f9a5-4549-4f8e-b6f8-3dc48a5d9b3c" xlink:to="loc_us-gaap_ConvertibleDebtMember_c28ab872-1138-4fb8-b2bc-5479aa55f6d9" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsAxis_4d4d59ec-7509-4686-8f95-ddc783795e50" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_us-gaap_DividendsAxis_4d4d59ec-7509-4686-8f95-ddc783795e50" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsDomain_4d4d59ec-7509-4686-8f95-ddc783795e50_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DividendsAxis_4d4d59ec-7509-4686-8f95-ddc783795e50" xlink:to="loc_us-gaap_DividendsDomain_4d4d59ec-7509-4686-8f95-ddc783795e50_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsDomain_75de7003-03a4-423d-b259-c866987a4d99" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DividendsAxis_4d4d59ec-7509-4686-8f95-ddc783795e50" xlink:to="loc_us-gaap_DividendsDomain_75de7003-03a4-423d-b259-c866987a4d99" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendDeclaredMember_452ec385-5797-41d8-946f-02bfff54d4d8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendDeclaredMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DividendsDomain_75de7003-03a4-423d-b259-c866987a4d99" xlink:to="loc_us-gaap_DividendDeclaredMember_452ec385-5797-41d8-946f-02bfff54d4d8" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_d2eaa346-852c-43bc-a98b-11d5d8d36295" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_d2eaa346-852c-43bc-a98b-11d5d8d36295" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_dc641035-6a65-4382-9362-d4de00a12ba5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_NetIncomeLoss_dc641035-6a65-4382-9362-d4de00a12ba5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WeightedAverageNumberofSharesOutstandingCommon_35de1075-dfd7-4b40-8bb6-b84edc211eeb" xlink:href="mtn-20240731.xsd#mtn_WeightedAverageNumberofSharesOutstandingCommon"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_mtn_WeightedAverageNumberofSharesOutstandingCommon_35de1075-dfd7-4b40-8bb6-b84edc211eeb" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WeightedAverageNumberofSharesOutstandingExchangeable_77bef25b-33c5-4db8-8d4c-fa0d9918d73c" xlink:href="mtn-20240731.xsd#mtn_WeightedAverageNumberofSharesOutstandingExchangeable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_mtn_WeightedAverageNumberofSharesOutstandingExchangeable_77bef25b-33c5-4db8-8d4c-fa0d9918d73c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_996e8a9b-cc43-4659-9cd8-578b3b33bba8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_996e8a9b-cc43-4659-9cd8-578b3b33bba8" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_b9c5ced3-0194-4a8e-917f-8c86a536664f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_b9c5ced3-0194-4a8e-917f-8c86a536664f" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_e178c816-a460-4570-b4f6-40956cae55b3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_e178c816-a460-4570-b4f6-40956cae55b3" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_1df894fa-e1b9-493b-a3f2-80481c4866c4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_EarningsPerShareBasic_1df894fa-e1b9-493b-a3f2-80481c4866c4" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_b52675e6-cd58-4181-b746-a77a6b8c2e49" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_EarningsPerShareDiluted_b52675e6-cd58-4181-b746-a77a6b8c2e49" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9938fcd4-e910-4b92-822d-271e7f031989" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9938fcd4-e910-4b92-822d-271e7f031989" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareCashPaid_bbceeb9a-57b5-45b0-bc74-51b427fbfc64" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockDividendsPerShareCashPaid"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_CommonStockDividendsPerShareCashPaid_bbceeb9a-57b5-45b0-bc74-51b427fbfc64" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_a238a66d-0eaf-45e8-8e72-af2a68e630ba" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_a238a66d-0eaf-45e8-8e72-af2a68e630ba" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividends_3e687455-1381-4ec6-93e4-1d2cf33fabd1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsOfDividends"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_PaymentsOfDividends_3e687455-1381-4ec6-93e4-1d2cf33fabd1" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_9a78a321-6133-40d0-b754-79a80d5fe7cb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_9a78a321-6133-40d0-b754-79a80d5fe7cb" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_8625f692-6665-4abb-8dea-ba4fd89a41ff" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_8625f692-6665-4abb-8dea-ba4fd89a41ff" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_ab2d4651-59ad-4725-a801-d91c3db1625f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_ab2d4651-59ad-4725-a801-d91c3db1625f" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_b088aa96-e7f3-494d-a8a7-7d68e240292d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_b088aa96-e7f3-494d-a8a7-7d68e240292d" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_80cb14a5-4ad6-4660-8477-cf619ca4209f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_80cb14a5-4ad6-4660-8477-cf619ca4209f" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_0fe186bc-1864-4465-8c32-a0745494917e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_0fe186bc-1864-4465-8c32-a0745494917e" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendPayableDateToBePaidDayMonthAndYear_94de3cd2-2173-4d63-b25b-e4d936206c65" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendPayableDateToBePaidDayMonthAndYear"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_DividendPayableDateToBePaidDayMonthAndYear_94de3cd2-2173-4d63-b25b-e4d936206c65" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_bda3665d-e23d-4818-aed4-1560cd43fb76" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsPayableDateOfRecordDayMonthAndYear"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_bda3665d-e23d-4818-aed4-1560cd43fb76" xlink:type="arc" order="20"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#LongTermDebtScheduleOfDebtInstrumentsDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseAxis_7be96ac0-83a7-4735-897d-76611b9f6d37" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_mtn_UnrecognizedCompensationExpenseAxis_7be96ac0-83a7-4735-897d-76611b9f6d37" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseDomain_7be96ac0-83a7-4735-897d-76611b9f6d37_default" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_mtn_UnrecognizedCompensationExpenseAxis_7be96ac0-83a7-4735-897d-76611b9f6d37" xlink:to="loc_mtn_UnrecognizedCompensationExpenseDomain_7be96ac0-83a7-4735-897d-76611b9f6d37_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseDomain_c0e68886-e3b7-4922-b82e-e7e0cb0dfd65" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_mtn_UnrecognizedCompensationExpenseAxis_7be96ac0-83a7-4735-897d-76611b9f6d37" xlink:to="loc_mtn_UnrecognizedCompensationExpenseDomain_c0e68886-e3b7-4922-b82e-e7e0cb0dfd65" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ExpectedToBeRecognizedInOneYearMember_7663c0f2-0576-4cf2-9036-1e6952e45d62" xlink:href="mtn-20240731.xsd#mtn_ExpectedToBeRecognizedInOneYearMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_UnrecognizedCompensationExpenseDomain_c0e68886-e3b7-4922-b82e-e7e0cb0dfd65" xlink:to="loc_mtn_ExpectedToBeRecognizedInOneYearMember_7663c0f2-0576-4cf2-9036-1e6952e45d62" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis_747b6c87-a91f-4e95-acfe-0825c516a7a7" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CurrencyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_srt_CurrencyAxis_747b6c87-a91f-4e95-acfe-0825c516a7a7" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_747b6c87-a91f-4e95-acfe-0825c516a7a7_default" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_CurrencyAxis_747b6c87-a91f-4e95-acfe-0825c516a7a7" xlink:to="loc_currency_AllCurrenciesDomain_747b6c87-a91f-4e95-acfe-0825c516a7a7_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_252d3ed3-e3a7-458f-97a9-18231e49615b" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_CurrencyAxis_747b6c87-a91f-4e95-acfe-0825c516a7a7" xlink:to="loc_currency_AllCurrenciesDomain_252d3ed3-e3a7-458f-97a9-18231e49615b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_5943b32e-71e3-44a8-a4e9-15e2b4abeef5" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_srt_StatementScenarioAxis_5943b32e-71e3-44a8-a4e9-15e2b4abeef5" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_5943b32e-71e3-44a8-a4e9-15e2b4abeef5_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementScenarioAxis_5943b32e-71e3-44a8-a4e9-15e2b4abeef5" xlink:to="loc_srt_ScenarioUnspecifiedDomain_5943b32e-71e3-44a8-a4e9-15e2b4abeef5_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_3b9994c1-0647-452e-ba0b-03a21476c6c6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementScenarioAxis_5943b32e-71e3-44a8-a4e9-15e2b4abeef5" xlink:to="loc_srt_ScenarioUnspecifiedDomain_3b9994c1-0647-452e-ba0b-03a21476c6c6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_b220e601-3f04-4372-b0b4-452f7532f598" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ScenarioUnspecifiedDomain_3b9994c1-0647-452e-ba0b-03a21476c6c6" xlink:to="loc_srt_ScenarioForecastMember_b220e601-3f04-4372-b0b4-452f7532f598" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_6348cbbf-02a4-4cb7-a62c-f69b54f4dbac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_6348cbbf-02a4-4cb7-a62c-f69b54f4dbac" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6348cbbf-02a4-4cb7-a62c-f69b54f4dbac_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_6348cbbf-02a4-4cb7-a62c-f69b54f4dbac" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6348cbbf-02a4-4cb7-a62c-f69b54f4dbac_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_75942d94-72a7-4abe-9d9f-5bced4542237" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_6348cbbf-02a4-4cb7-a62c-f69b54f4dbac" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_75942d94-72a7-4abe-9d9f-5bced4542237" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsMember_44df660a-9713-4999-9ef6-2b80bfee8f21" xlink:href="mtn-20240731.xsd#mtn_CanyonsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_75942d94-72a7-4abe-9d9f-5bced4542237" xlink:to="loc_mtn_CanyonsMember_44df660a-9713-4999-9ef6-2b80bfee8f21" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerEmployeeHousingLeasesMember_c77b0ab6-0380-4c8b-8a89-e6fbf3bc9c6d" xlink:href="mtn-20240731.xsd#mtn_WhistlerEmployeeHousingLeasesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_75942d94-72a7-4abe-9d9f-5bced4542237" xlink:to="loc_mtn_WhistlerEmployeeHousingLeasesMember_c77b0ab6-0380-4c8b-8a89-e6fbf3bc9c6d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarResortFinanceLeasesMember_70662197-d893-4492-98a4-072da5add141" xlink:href="mtn-20240731.xsd#mtn_NorthstarResortFinanceLeasesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_75942d94-72a7-4abe-9d9f-5bced4542237" xlink:to="loc_mtn_NorthstarResortFinanceLeasesMember_70662197-d893-4492-98a4-072da5add141" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_3bb444df-e7d1-4ba1-a15b-5a47d1743791" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_srt_RangeAxis_3bb444df-e7d1-4ba1-a15b-5a47d1743791" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_3bb444df-e7d1-4ba1-a15b-5a47d1743791_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_3bb444df-e7d1-4ba1-a15b-5a47d1743791" xlink:to="loc_srt_RangeMember_3bb444df-e7d1-4ba1-a15b-5a47d1743791_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_6e58eb24-bd60-4d87-878b-1e50bb55097d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_3bb444df-e7d1-4ba1-a15b-5a47d1743791" xlink:to="loc_srt_RangeMember_6e58eb24-bd60-4d87-878b-1e50bb55097d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_380cb09d-7a5c-4f34-81d5-1a708e691ac1" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_6e58eb24-bd60-4d87-878b-1e50bb55097d" xlink:to="loc_srt_MaximumMember_380cb09d-7a5c-4f34-81d5-1a708e691ac1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_64beed30-e658-47f3-9fd4-3cba3a24b7c1" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_6e58eb24-bd60-4d87-878b-1e50bb55097d" xlink:to="loc_srt_MinimumMember_64beed30-e658-47f3-9fd4-3cba3a24b7c1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentByTrancheAxis_31df94ea-3e04-4727-bf42-d0c2c224eb4e" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentByTrancheAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_mtn_DebtInstrumentByTrancheAxis_31df94ea-3e04-4727-bf42-d0c2c224eb4e" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TrancheOfDebtDomain_31df94ea-3e04-4727-bf42-d0c2c224eb4e_default" xlink:href="mtn-20240731.xsd#mtn_TrancheOfDebtDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_mtn_DebtInstrumentByTrancheAxis_31df94ea-3e04-4727-bf42-d0c2c224eb4e" xlink:to="loc_mtn_TrancheOfDebtDomain_31df94ea-3e04-4727-bf42-d0c2c224eb4e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TrancheOfDebtDomain_ef112a02-f995-4380-9e2a-8350efab5b0a" xlink:href="mtn-20240731.xsd#mtn_TrancheOfDebtDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_mtn_DebtInstrumentByTrancheAxis_31df94ea-3e04-4727-bf42-d0c2c224eb4e" xlink:to="loc_mtn_TrancheOfDebtDomain_ef112a02-f995-4380-9e2a-8350efab5b0a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TrancheaMember_6574f000-35f3-47e5-a251-47ce03fb8f49" xlink:href="mtn-20240731.xsd#mtn_TrancheaMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_TrancheOfDebtDomain_ef112a02-f995-4380-9e2a-8350efab5b0a" xlink:to="loc_mtn_TrancheaMember_6574f000-35f3-47e5-a251-47ce03fb8f49" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TrancheBMember_7c678913-fa21-4cf9-a523-2c4631459e63" xlink:href="mtn-20240731.xsd#mtn_TrancheBMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_TrancheOfDebtDomain_ef112a02-f995-4380-9e2a-8350efab5b0a" xlink:to="loc_mtn_TrancheBMember_7c678913-fa21-4cf9-a523-2c4631459e63" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_8a677be6-f1a6-4b91-aab8-e076293289a1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_us-gaap_DebtInstrumentAxis_8a677be6-f1a6-4b91-aab8-e076293289a1" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_8a677be6-f1a6-4b91-aab8-e076293289a1_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_8a677be6-f1a6-4b91-aab8-e076293289a1" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_8a677be6-f1a6-4b91-aab8-e076293289a1_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_8a677be6-f1a6-4b91-aab8-e076293289a1" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HunterMountainSecuredNoteMember_9f1c4336-2421-4880-a860-d0a62b8701d1" xlink:href="mtn-20240731.xsd#mtn_HunterMountainSecuredNoteMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_HunterMountainSecuredNoteMember_9f1c4336-2421-4880-a860-d0a62b8701d1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountSnowSecuredNoteMember_f4b76064-43f3-4054-9a4d-ee8d07a9b1fd" xlink:href="mtn-20240731.xsd#mtn_MountSnowSecuredNoteMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_MountSnowSecuredNoteMember_f4b76064-43f3-4054-9a4d-ee8d07a9b1fd" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A6.25NotesMember_78d0e0f2-c7fb-4568-9fc2-883cc8a0aff4" xlink:href="mtn-20240731.xsd#mtn_A6.25NotesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_A6.25NotesMember_78d0e0f2-c7fb-4568-9fc2-883cc8a0aff4" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EPRSecuredNotesMember_d408f954-301f-44da-a768-e4e2bf10363e" xlink:href="mtn-20240731.xsd#mtn_EPRSecuredNotesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_EPRSecuredNotesMember_d408f954-301f-44da-a768-e4e2bf10363e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BreckenridgeTerraceMember_56f29867-3de6-4404-9774-ce23f304f45e" xlink:href="mtn-20240731.xsd#mtn_BreckenridgeTerraceMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_BreckenridgeTerraceMember_56f29867-3de6-4404-9774-ce23f304f45e" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TarnesMember_a55bc2dc-6a1e-43cd-8901-e8d152c0c6f3" xlink:href="mtn-20240731.xsd#mtn_TarnesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_TarnesMember_a55bc2dc-6a1e-43cd-8901-e8d152c0c6f3" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BcHousingMember_173a3a5f-d369-4373-a8a5-ca293be515b9" xlink:href="mtn-20240731.xsd#mtn_BcHousingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_BcHousingMember_173a3a5f-d369-4373-a8a5-ca293be515b9" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TenderfootMember_808789f7-514f-4437-95f4-87069abcdce5" xlink:href="mtn-20240731.xsd#mtn_TenderfootMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_TenderfootMember_808789f7-514f-4437-95f4-87069abcdce5" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleNotesPayableMember_9e81f504-e888-4ecc-8af3-74cb6c41b3ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleNotesPayableMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_us-gaap_ConvertibleNotesPayableMember_9e81f504-e888-4ecc-8af3-74cb6c41b3ac" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_684ad187-538d-4501-9d6d-08d35fe491c3" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_AndermattSedrunMember_684ad187-538d-4501-9d6d-08d35fe491c3" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerEmployeeHousingLeasesMember_26ba0cbc-3609-4156-a4cc-e6e261e715c3" xlink:href="mtn-20240731.xsd#mtn_WhistlerEmployeeHousingLeasesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_WhistlerEmployeeHousingLeasesMember_26ba0cbc-3609-4156-a4cc-e6e261e715c3" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A6.50NotesMember_77d5ab5e-ef2f-4797-aecb-73da55d09916" xlink:href="mtn-20240731.xsd#mtn_A6.50NotesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_A6.50NotesMember_77d5ab5e-ef2f-4797-aecb-73da55d09916" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_0758318d-e8d3-4a0c-9c4e-e1d1e17ef999" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_0758318d-e8d3-4a0c-9c4e-e1d1e17ef999" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_0758318d-e8d3-4a0c-9c4e-e1d1e17ef999_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_0758318d-e8d3-4a0c-9c4e-e1d1e17ef999" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_0758318d-e8d3-4a0c-9c4e-e1d1e17ef999_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_0758318d-e8d3-4a0c-9c4e-e1d1e17ef999" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_5a9a0f0a-c90b-47a0-bc9e-53773280af3b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_us-gaap_LineOfCreditMember_5a9a0f0a-c90b-47a0-bc9e-53773280af3b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerCreditAgreementrevolverMember_2f6ed3c7-72b2-47ca-9d2b-27b188f8546d" xlink:href="mtn-20240731.xsd#mtn_WhistlerCreditAgreementrevolverMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_WhistlerCreditAgreementrevolverMember_2f6ed3c7-72b2-47ca-9d2b-27b188f8546d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EPRSecuredNotesMember_a26c7166-5808-4f38-8a94-931ef680da58" xlink:href="mtn-20240731.xsd#mtn_EPRSecuredNotesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_EPRSecuredNotesMember_a26c7166-5808-4f38-8a94-931ef680da58" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TermLoanMember_620f0ceb-262e-47cc-8220-8623298b69d0" xlink:href="mtn-20240731.xsd#mtn_TermLoanMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_TermLoanMember_620f0ceb-262e-47cc-8220-8623298b69d0" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EmployeeHousingBondsMember_3ede1fde-dc81-4887-b234-a51240d7c7c8" xlink:href="mtn-20240731.xsd#mtn_EmployeeHousingBondsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_EmployeeHousingBondsMember_3ede1fde-dc81-4887-b234-a51240d7c7c8" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsObligationMember_d6f6972b-7bef-4045-8f38-d6fe1ad1351b" xlink:href="mtn-20240731.xsd#mtn_CanyonsObligationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_CanyonsObligationMember_d6f6972b-7bef-4045-8f38-d6fe1ad1351b" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherDebtMember_dbe7aa64-aae1-4ad7-b3e0-e50e04cdbb62" xlink:href="mtn-20240731.xsd#mtn_OtherDebtMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_OtherDebtMember_dbe7aa64-aae1-4ad7-b3e0-e50e04cdbb62" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AlpineValleySecuredNoteMember_8f16b3d8-4560-4d69-bfab-a7bbc9901ac9" xlink:href="mtn-20240731.xsd#mtn_AlpineValleySecuredNoteMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_AlpineValleySecuredNoteMember_8f16b3d8-4560-4d69-bfab-a7bbc9901ac9" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BostonMillsBrandywineSecuredNoteMember_28382d02-6cb0-46c1-a08d-ef04d10a3090" xlink:href="mtn-20240731.xsd#mtn_BostonMillsBrandywineSecuredNoteMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_BostonMillsBrandywineSecuredNoteMember_28382d02-6cb0-46c1-a08d-ef04d10a3090" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_JackFrostBigBoulderSecuredNoteMember_533f2be4-a58f-43cd-97c7-22c9a7b4479d" xlink:href="mtn-20240731.xsd#mtn_JackFrostBigBoulderSecuredNoteMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_JackFrostBigBoulderSecuredNoteMember_533f2be4-a58f-43cd-97c7-22c9a7b4479d" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountSnowSecuredNoteMember_d41102c4-8e64-4164-ab67-077d6366c29f" xlink:href="mtn-20240731.xsd#mtn_MountSnowSecuredNoteMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_MountSnowSecuredNoteMember_d41102c4-8e64-4164-ab67-077d6366c29f" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HunterMountainSecuredNoteMember_85cb9685-a277-4820-b106-492eccea2c6e" xlink:href="mtn-20240731.xsd#mtn_HunterMountainSecuredNoteMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_HunterMountainSecuredNoteMember_85cb9685-a277-4820-b106-492eccea2c6e" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember_812a888f-1a45-4dd7-812a-78ef8dbc10ad" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_us-gaap_ConvertibleDebtMember_812a888f-1a45-4dd7-812a-78ef8dbc10ad" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_332c3c6b-5834-4acb-8e8a-7bfd9fb8f230" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_AndermattSedrunMember_332c3c6b-5834-4acb-8e8a-7bfd9fb8f230" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerEmployeeHousingLeasesMember_c93f6fa4-649e-487d-9dcb-2348af0824f2" xlink:href="mtn-20240731.xsd#mtn_WhistlerEmployeeHousingLeasesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_WhistlerEmployeeHousingLeasesMember_c93f6fa4-649e-487d-9dcb-2348af0824f2" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A6.50NotesMember_3fa7ad99-be0a-48b2-b6c6-431c70c690fb" xlink:href="mtn-20240731.xsd#mtn_A6.50NotesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_A6.50NotesMember_3fa7ad99-be0a-48b2-b6c6-431c70c690fb" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_4a0849de-aadb-47cc-877b-50cf2cd0a29c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_4a0849de-aadb-47cc-877b-50cf2cd0a29c" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityInitiationDate1_eae05127-0525-4d67-88f4-26706e6c8124" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityInitiationDate1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LineOfCreditFacilityInitiationDate1_eae05127-0525-4d67-88f4-26706e6c8124" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCredit_ac551aeb-3623-4e59-a7fb-4e9d69bae159" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCredit"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LineOfCredit_ac551aeb-3623-4e59-a7fb-4e9d69bae159" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentPeriodicPayment_170b1c37-2d8a-4797-93e6-3d271f2e758d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentPeriodicPayment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentPeriodicPayment_170b1c37-2d8a-4797-93e6-3d271f2e758d" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_bc2a888a-47d3-4221-b6a7-ec3ed37f342e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_bc2a888a-47d3-4221-b6a7-ec3ed37f342e" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AnnualInterestRateIncreaseCap_d9074d9e-786f-4b5a-a2cd-55e3976e9a51" xlink:href="mtn-20240731.xsd#mtn_AnnualInterestRateIncreaseCap"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_AnnualInterestRateIncreaseCap_d9074d9e-786f-4b5a-a2cd-55e3976e9a51" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EPRAdditionalInterestRate_f4a9797b-65c8-4c37-ba44-47e2cb28879d" xlink:href="mtn-20240731.xsd#mtn_EPRAdditionalInterestRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_EPRAdditionalInterestRate_f4a9797b-65c8-4c37-ba44-47e2cb28879d" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_da41b16c-cab7-4bde-bdc8-0940e385cdd5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_da41b16c-cab7-4bde-bdc8-0940e385cdd5" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_609a6cdf-ca52-4d9e-9d58-d5776d38c817" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_609a6cdf-ca52-4d9e-9d58-d5776d38c817" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee_b99eaedf-5b42-4953-92b8-ccad6024d85c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentUnusedBorrowingCapacityFee"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee_b99eaedf-5b42-4953-92b8-ccad6024d85c" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InterestRateSwapNotionalAmount_297a8cc1-a1c8-4530-8939-5e7ba0903411" xlink:href="mtn-20240731.xsd#mtn_InterestRateSwapNotionalAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_InterestRateSwapNotionalAmount_297a8cc1-a1c8-4530-8939-5e7ba0903411" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_be92133f-c971-48be-97a0-f008486bba0d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebt_be92133f-c971-48be-97a0-f008486bba0d" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_df2070e2-602d-46b3-a884-03ca5efb427f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_df2070e2-602d-46b3-a884-03ca5efb427f" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtCurrent_a16e2441-f847-443d-ac31-e4a7097d07c9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtCurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtCurrent_a16e2441-f847-443d-ac31-e4a7097d07c9" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtNoncurrent_f980902a-6119-4ce3-b712-068018ec31e4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtNoncurrent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtNoncurrent_f980902a-6119-4ce3-b712-068018ec31e4" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseDebt_a89ca9e0-19b9-4c74-afe9-2ddfba4318cf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpenseDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_InterestExpenseDebt_a89ca9e0-19b9-4c74-afe9-2ddfba4318cf" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentYearofMaturity_6e95a69f-ed34-47ee-b312-468d89c1eb31" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentYearofMaturity"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_DebtInstrumentYearofMaturity_6e95a69f-ed34-47ee-b312-468d89c1eb31" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_f9328598-aa1c-4231-9b4b-69ad94c323fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_f9328598-aa1c-4231-9b4b-69ad94c323fc" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_561c0254-0356-42a3-82e9-0a2f5564a7e4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_561c0254-0356-42a3-82e9-0a2f5564a7e4" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateDuringPeriod_da21e374-70fb-4377-a6a8-d4261c719703" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateDuringPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentInterestRateDuringPeriod_da21e374-70fb-4377-a6a8-d4261c719703" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_15dca8e0-25fb-432e-9b73-ecd6a2d151bb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_15dca8e0-25fb-432e-9b73-ecd6a2d151bb" xlink:type="arc" order="20"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InitialCapitalLeaseTerm_801e1631-3a79-48c4-909d-0cee501edc53" xlink:href="mtn-20240731.xsd#mtn_InitialCapitalLeaseTerm"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_InitialCapitalLeaseTerm_801e1631-3a79-48c4-909d-0cee501edc53" xlink:type="arc" order="21"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OptionalLeaseRenewalTerm_a0e1109f-6783-4503-95fb-2bfd351316e9" xlink:href="mtn-20240731.xsd#mtn_OptionalLeaseRenewalTerm"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_OptionalLeaseRenewalTerm_a0e1109f-6783-4503-95fb-2bfd351316e9" xlink:type="arc" order="22"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MinimumCapitalLeasePaymentAnnual_d9379623-2890-429f-9f91-fe7ac4fa18a7" xlink:href="mtn-20240731.xsd#mtn_MinimumCapitalLeasePaymentAnnual"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_MinimumCapitalLeasePaymentAnnual_d9379623-2890-429f-9f91-fe7ac4fa18a7" xlink:type="arc" order="23"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AdjustmentsToCapitalLeaseAnnualPayments_ebc71b8a-038f-46af-8ca4-6bb35ddb2116" xlink:href="mtn-20240731.xsd#mtn_AdjustmentsToCapitalLeaseAnnualPayments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_AdjustmentsToCapitalLeaseAnnualPayments_ebc71b8a-038f-46af-8ca4-6bb35ddb2116" xlink:type="arc" order="24"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_a2bc2fad-f8c4-4a27-af1f-6c44dacae072" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_a2bc2fad-f8c4-4a27-af1f-6c44dacae072" xlink:type="arc" order="25"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_ef710589-727f-40c3-97c4-2c743655b8fe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_ef710589-727f-40c3-97c4-2c743655b8fe" xlink:type="arc" order="26"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntercompanyForeignCurrencyBalanceAmount_3d0588f0-5075-45ae-8713-14d1fa402545" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntercompanyForeignCurrencyBalanceAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_IntercompanyForeignCurrencyBalanceAmount_3d0588f0-5075-45ae-8713-14d1fa402545" xlink:type="arc" order="27"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_ba746c88-ae1b-4bae-aadc-15196485a06c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_ba746c88-ae1b-4bae-aadc-15196485a06c" xlink:type="arc" order="28"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_5a485fe6-a603-4a25-9a6e-6c8bbdb4768c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_5a485fe6-a603-4a25-9a6e-6c8bbdb4768c" xlink:type="arc" order="29"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_5ff37747-0652-4b5d-8370-196235bea57a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_5ff37747-0652-4b5d-8370-196235bea57a" xlink:type="arc" order="30"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_e93afa73-89a4-4298-9a27-64b2610413c0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_e93afa73-89a4-4298-9a27-64b2610413c0" xlink:type="arc" order="31"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_996904c5-3265-4494-a755-3a671cabe346" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_996904c5-3265-4494-a755-3a671cabe346" xlink:type="arc" order="32"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_a013fb9d-6292-4762-8c64-60804ee3bef3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_a013fb9d-6292-4762-8c64-60804ee3bef3" xlink:type="arc" order="33"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_3e8c02b5-f186-4bab-872f-4ee2c3513f0a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_3e8c02b5-f186-4bab-872f-4ee2c3513f0a" xlink:type="arc" order="34"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_398844f9-d73a-4ae1-926d-a3276cee0d71" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_398844f9-d73a-4ae1-926d-a3276cee0d71" xlink:type="arc" order="35"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger_a50e4292-d8d9-42fc-8fa1-8b67aabd1087" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger_a50e4292-d8d9-42fc-8fa1-8b67aabd1087" xlink:type="arc" order="36"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleThresholdTradingDays_265e3818-95cf-4ec6-842f-3dfabd09644e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleThresholdTradingDays"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentConvertibleThresholdTradingDays_265e3818-95cf-4ec6-842f-3dfabd09644e" xlink:type="arc" order="37"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1_02c326f8-bc2c-4e05-bbb1-baa91f7b67d5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1_02c326f8-bc2c-4e05-bbb1-baa91f7b67d5" xlink:type="arc" order="38"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance_8c0ba1bd-9c34-4186-a012-eded5fe7c02c" xlink:href="mtn-20240731.xsd#mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance_8c0ba1bd-9c34-4186-a012-eded5fe7c02c" xlink:type="arc" order="39"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtFairValue_f03134a5-496d-4a10-b379-d4212003e732" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtFairValue_f03134a5-496d-4a10-b379-d4212003e732" xlink:type="arc" order="40"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent_f02b49de-8fea-4a1e-8dcb-059cc0d9d24b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent_f02b49de-8fea-4a1e-8dcb-059cc0d9d24b" xlink:type="arc" order="41"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet_ab2008db-0c38-4e02-a244-9cb6d471fc0c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet_ab2008db-0c38-4e02-a244-9cb6d471fc0c" xlink:type="arc" order="42"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_c33710d1-4fb6-4e27-b9fd-5f5099a2e0d8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_c33710d1-4fb6-4e27-b9fd-5f5099a2e0d8" xlink:type="arc" order="43"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1_4e1a1b24-a456-4130-8748-a7bf8650f9d5" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1_4e1a1b24-a456-4130-8748-a7bf8650f9d5" xlink:type="arc" order="44"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFixedInterestRate_57a29bc4-4175-48a6-933b-b8958ae932ea" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeFixedInterestRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DerivativeFixedInterestRate_57a29bc4-4175-48a6-933b-b8958ae932ea" xlink:type="arc" order="45"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromUnsecuredNotesPayable_2a352ab7-cedf-499a-aa91-c6f785f64c0b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromUnsecuredNotesPayable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_ProceedsFromUnsecuredNotesPayable_2a352ab7-cedf-499a-aa91-c6f785f64c0b" xlink:type="arc" order="46"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccretionExpense_14dcaa7c-167c-4558-aaad-da16ca46f98b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccretionExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_AccretionExpense_14dcaa7c-167c-4558-aaad-da16ca46f98b" xlink:type="arc" order="47"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentConvertibleMeasurementPeriod_34b704cf-d972-44a5-89b4-22cf20ce2115" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentConvertibleMeasurementPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_DebtInstrumentConvertibleMeasurementPeriod_34b704cf-d972-44a5-89b4-22cf20ce2115" xlink:type="arc" order="48"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleLeasebackTransactionHistoricalCost_f26e583c-92b9-4243-82f7-72bc9617e34f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SaleLeasebackTransactionHistoricalCost"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_SaleLeasebackTransactionHistoricalCost_f26e583c-92b9-4243-82f7-72bc9617e34f" xlink:type="arc" order="49"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MtnInterestRateSwapNotionalAmount_ada95c4c-50fe-410c-826c-5f36d4334b19" xlink:href="mtn-20240731.xsd#mtn_MtnInterestRateSwapNotionalAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_MtnInterestRateSwapNotionalAmount_ada95c4c-50fe-410c-826c-5f36d4334b19" xlink:type="arc" order="50"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfNotesPayable_65c52415-8ee9-4dfd-98cb-29993f6262e6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RepaymentsOfNotesPayable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_RepaymentsOfNotesPayable_65c52415-8ee9-4dfd-98cb-29993f6262e6" xlink:type="arc" order="51"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/AcquisitionsNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#AcquisitionsNarrativeDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/AcquisitionsNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_4442ae61-287b-4d61-9020-b0dbb6a55b77" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_4442ae61-287b-4d61-9020-b0dbb6a55b77" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_4442ae61-287b-4d61-9020-b0dbb6a55b77_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_4442ae61-287b-4d61-9020-b0dbb6a55b77" xlink:to="loc_us-gaap_EquityComponentDomain_4442ae61-287b-4d61-9020-b0dbb6a55b77_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_497005df-1938-43fb-8bb6-63b20b11b17c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_4442ae61-287b-4d61-9020-b0dbb6a55b77" xlink:to="loc_us-gaap_EquityComponentDomain_497005df-1938-43fb-8bb6-63b20b11b17c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_0c07d1b1-d98f-4fed-9d21-fdea9b0d053a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_497005df-1938-43fb-8bb6-63b20b11b17c" xlink:to="loc_us-gaap_CommonStockMember_0c07d1b1-d98f-4fed-9d21-fdea9b0d053a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis_608c9416-a976-4635-a76f-f60a13c8a6e3" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CurrencyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:to="loc_srt_CurrencyAxis_608c9416-a976-4635-a76f-f60a13c8a6e3" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_608c9416-a976-4635-a76f-f60a13c8a6e3_default" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_CurrencyAxis_608c9416-a976-4635-a76f-f60a13c8a6e3" xlink:to="loc_currency_AllCurrenciesDomain_608c9416-a976-4635-a76f-f60a13c8a6e3_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_2c4c65ce-6161-40f0-a479-9469b94ddc4d" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_CurrencyAxis_608c9416-a976-4635-a76f-f60a13c8a6e3" xlink:to="loc_currency_AllCurrenciesDomain_2c4c65ce-6161-40f0-a479-9469b94ddc4d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_15dc7a3c-7dd4-4011-a3af-31910171d325" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_15dc7a3c-7dd4-4011-a3af-31910171d325" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_15dc7a3c-7dd4-4011-a3af-31910171d325_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_15dc7a3c-7dd4-4011-a3af-31910171d325" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_15dc7a3c-7dd4-4011-a3af-31910171d325_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_9a6f3096-c32a-4222-83c6-ca5ddb424ca5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_15dc7a3c-7dd4-4011-a3af-31910171d325" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_9a6f3096-c32a-4222-83c6-ca5ddb424ca5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsObligationMember_4306ba8f-3265-44b0-825b-d4d5b066c182" xlink:href="mtn-20240731.xsd#mtn_CanyonsObligationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_9a6f3096-c32a-4222-83c6-ca5ddb424ca5" xlink:to="loc_mtn_CanyonsObligationMember_4306ba8f-3265-44b0-825b-d4d5b066c182" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_6fec2d8b-7530-42a6-83b1-25ea4e7dd6bb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_6fec2d8b-7530-42a6-83b1-25ea4e7dd6bb" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6fec2d8b-7530-42a6-83b1-25ea4e7dd6bb_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_6fec2d8b-7530-42a6-83b1-25ea4e7dd6bb" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6fec2d8b-7530-42a6-83b1-25ea4e7dd6bb_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_aa3dd947-ed96-4286-b010-6c0a6bbe8ef1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_6fec2d8b-7530-42a6-83b1-25ea4e7dd6bb" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_aa3dd947-ed96-4286-b010-6c0a6bbe8ef1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SevenSpringsResortsMember_35eb58a8-5fcf-4efb-b3f2-d2cd403ea315" xlink:href="mtn-20240731.xsd#mtn_SevenSpringsResortsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_aa3dd947-ed96-4286-b010-6c0a6bbe8ef1" xlink:to="loc_mtn_SevenSpringsResortsMember_35eb58a8-5fcf-4efb-b3f2-d2cd403ea315" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_a3031f42-4994-4fda-b3a4-e77d3aa427bb" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_aa3dd947-ed96-4286-b010-6c0a6bbe8ef1" xlink:to="loc_mtn_AndermattSedrunMember_a3031f42-4994-4fda-b3a4-e77d3aa427bb" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CransMontanaMember_442872c8-13fd-4624-b4fa-51a0d69b1b1e" xlink:href="mtn-20240731.xsd#mtn_CransMontanaMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_aa3dd947-ed96-4286-b010-6c0a6bbe8ef1" xlink:to="loc_mtn_CransMontanaMember_442872c8-13fd-4624-b4fa-51a0d69b1b1e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_1e0dcd9a-54bd-44f2-b126-f08dd52c0630" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_1e0dcd9a-54bd-44f2-b126-f08dd52c0630" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_8e385654-2560-4b84-ad6c-d737a26d6e02" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_8e385654-2560-4b84-ad6c-d737a26d6e02" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_38567e55-9192-41f3-9aba-1fa13df191a1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_38567e55-9192-41f3-9aba-1fa13df191a1" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed_d68f0929-9358-4088-931c-b32b6f73977c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed_d68f0929-9358-4088-931c-b32b6f73977c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InitialCapitalLeaseTerm_99fedf89-092d-4ccc-acb1-692e56c5df2a" xlink:href="mtn-20240731.xsd#mtn_InitialCapitalLeaseTerm"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_InitialCapitalLeaseTerm_99fedf89-092d-4ccc-acb1-692e56c5df2a" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OptionalLeaseRenewalTerm_66e0e542-ba73-4464-a0c8-d72fdc6c8818" xlink:href="mtn-20240731.xsd#mtn_OptionalLeaseRenewalTerm"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_OptionalLeaseRenewalTerm_66e0e542-ba73-4464-a0c8-d72fdc6c8818" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MinimumCapitalLeasePaymentAnnual_8aa470a6-84b2-48cb-8add-98bc2bf709dc" xlink:href="mtn-20240731.xsd#mtn_MinimumCapitalLeasePaymentAnnual"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_MinimumCapitalLeasePaymentAnnual_8aa470a6-84b2-48cb-8add-98bc2bf709dc" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AdjustmentsToCapitalLeaseAnnualPayments_7facce12-5262-4905-aa65-b9cee36732df" xlink:href="mtn-20240731.xsd#mtn_AdjustmentsToCapitalLeaseAnnualPayments"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_AdjustmentsToCapitalLeaseAnnualPayments_7facce12-5262-4905-aa65-b9cee36732df" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseExpirationDate1_08dd28f6-6f9a-41a5-9a1d-f047610258eb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseExpirationDate1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_LeaseExpirationDate1_08dd28f6-6f9a-41a5-9a1d-f047610258eb" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_8da6de9e-c5d8-4f57-98b5-1592b01f6d46" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferred1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferred1_8da6de9e-c5d8-4f57-98b5-1592b01f6d46" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_61860b50-42bd-40a7-8f78-3d6c0c63f0df" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_61860b50-42bd-40a7-8f78-3d6c0c63f0df" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAcquiredDuringPeriod_af82ef3c-6b4d-420b-a6e8-35c3383ff1fd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAcquiredDuringPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_GoodwillAcquiredDuringPeriod_af82ef3c-6b4d-420b-a6e8-35c3383ff1fd" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_ecee1ef7-1761-42cb-953d-fca64e56ccc8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_ecee1ef7-1761-42cb-953d-fca64e56ccc8" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_848881c6-4c3a-48bd-bc8c-1cf25df2a9b1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_848881c6-4c3a-48bd-bc8c-1cf25df2a9b1" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_5534c14c-8ed3-4ea8-942b-08f1399d1b77" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_5534c14c-8ed3-4ea8-942b-08f1399d1b77" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_9a7af5c0-04b1-4e78-9bbe-1c977b66bc1c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_9a7af5c0-04b1-4e78-9bbe-1c977b66bc1c" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MtnBusinessCombinationRemainderPayment_d19d32f4-de42-4905-8d29-17749147f732" xlink:href="mtn-20240731.xsd#mtn_MtnBusinessCombinationRemainderPayment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_MtnBusinessCombinationRemainderPayment_d19d32f4-de42-4905-8d29-17749147f732" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_065b98cc-c4db-439c-8567-87be9e3d72c0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_065b98cc-c4db-439c-8567-87be9e3d72c0" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1_6ad78af3-6aec-4441-910d-cee26c17df73" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1_6ad78af3-6aec-4441-910d-cee26c17df73" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_be27f50e-91c5-4df3-a3f2-6f69afadd9c6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_be27f50e-91c5-4df3-a3f2-6f69afadd9c6" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_f55d0b74-4f4f-4da0-b555-4fabd42147c3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_f55d0b74-4f4f-4da0-b555-4fabd42147c3" xlink:type="arc" order="20"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BusinessCombinationDeposits_336e2b88-e978-4565-a3b3-a15eab7bde40" xlink:href="mtn-20240731.xsd#mtn_BusinessCombinationDeposits"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_BusinessCombinationDeposits_336e2b88-e978-4565-a3b3-a15eab7bde40" xlink:type="arc" order="21"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_a2516c2c-f307-4e9d-ba55-6c802b5ec435" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_a2516c2c-f307-4e9d-ba55-6c802b5ec435" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_a2516c2c-f307-4e9d-ba55-6c802b5ec435_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_a2516c2c-f307-4e9d-ba55-6c802b5ec435" xlink:to="loc_us-gaap_EquityComponentDomain_a2516c2c-f307-4e9d-ba55-6c802b5ec435_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_5aa9d2d5-0d27-4fc3-a69b-d786d259fc11" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_a2516c2c-f307-4e9d-ba55-6c802b5ec435" xlink:to="loc_us-gaap_EquityComponentDomain_5aa9d2d5-0d27-4fc3-a69b-d786d259fc11" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestMember_354ffcc1-0c1a-48d7-88aa-07a8e5cdb0e4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncontrollingInterestMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_5aa9d2d5-0d27-4fc3-a69b-d786d259fc11" xlink:to="loc_us-gaap_NoncontrollingInterestMember_354ffcc1-0c1a-48d7-88aa-07a8e5cdb0e4" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis_76eee0eb-aa30-4380-9798-87609f56aae2" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CurrencyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_srt_CurrencyAxis_76eee0eb-aa30-4380-9798-87609f56aae2" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_76eee0eb-aa30-4380-9798-87609f56aae2_default" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_CurrencyAxis_76eee0eb-aa30-4380-9798-87609f56aae2" xlink:to="loc_currency_AllCurrenciesDomain_76eee0eb-aa30-4380-9798-87609f56aae2_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_236c043e-3bef-4362-8826-691986a03d57" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_CurrencyAxis_76eee0eb-aa30-4380-9798-87609f56aae2" xlink:to="loc_currency_AllCurrenciesDomain_236c043e-3bef-4362-8826-691986a03d57" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_0adab41b-5f84-433c-b183-0219f361ec9f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_0adab41b-5f84-433c-b183-0219f361ec9f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_0adab41b-5f84-433c-b183-0219f361ec9f_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_0adab41b-5f84-433c-b183-0219f361ec9f" xlink:to="loc_us-gaap_SegmentDomain_0adab41b-5f84-433c-b183-0219f361ec9f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_4d947c2f-03e1-415b-8152-3d56bce53be5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_0adab41b-5f84-433c-b183-0219f361ec9f" xlink:to="loc_us-gaap_SegmentDomain_4d947c2f-03e1-415b-8152-3d56bce53be5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainMember_ea2e2ef1-248d-42c4-bada-1ff93af32d8a" xlink:href="mtn-20240731.xsd#mtn_MountainMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_4d947c2f-03e1-415b-8152-3d56bce53be5" xlink:to="loc_mtn_MountainMember_ea2e2ef1-248d-42c4-bada-1ff93af32d8a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_b83ce31d-c8c7-422d-b0a3-f4423cb097e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_b83ce31d-c8c7-422d-b0a3-f4423cb097e8" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_b83ce31d-c8c7-422d-b0a3-f4423cb097e8_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_b83ce31d-c8c7-422d-b0a3-f4423cb097e8" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_b83ce31d-c8c7-422d-b0a3-f4423cb097e8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_cca4b8d7-4a02-41a3-b34d-952eb2143977" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_b83ce31d-c8c7-422d-b0a3-f4423cb097e8" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_cca4b8d7-4a02-41a3-b34d-952eb2143977" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SevenSpringsResortsMember_e8bd17e0-3729-4975-93ce-84be7b8936bd" xlink:href="mtn-20240731.xsd#mtn_SevenSpringsResortsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_cca4b8d7-4a02-41a3-b34d-952eb2143977" xlink:to="loc_mtn_SevenSpringsResortsMember_e8bd17e0-3729-4975-93ce-84be7b8936bd" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_78c0ced8-ca95-4703-94b2-53a95529aef6" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_cca4b8d7-4a02-41a3-b34d-952eb2143977" xlink:to="loc_mtn_AndermattSedrunMember_78c0ced8-ca95-4703-94b2-53a95529aef6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CransMontanaMember_b0e56324-da43-4b38-86e8-2bb4ce434bab" xlink:href="mtn-20240731.xsd#mtn_CransMontanaMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_cca4b8d7-4a02-41a3-b34d-952eb2143977" xlink:to="loc_mtn_CransMontanaMember_b0e56324-da43-4b38-86e8-2bb4ce434bab" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_461078ee-ec0f-44a8-9b5d-ded0749e3284" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_461078ee-ec0f-44a8-9b5d-ded0749e3284" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_461078ee-ec0f-44a8-9b5d-ded0749e3284_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_461078ee-ec0f-44a8-9b5d-ded0749e3284" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_461078ee-ec0f-44a8-9b5d-ded0749e3284_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_3ebe2c89-aa0e-409d-9968-ef71733426d0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_461078ee-ec0f-44a8-9b5d-ded0749e3284" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_3ebe2c89-aa0e-409d-9968-ef71733426d0" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_ba4249f5-f6a7-4a63-a37e-6c88239d437c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_StatementClassOfStockAxis_ba4249f5-f6a7-4a63-a37e-6c88239d437c" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_ba4249f5-f6a7-4a63-a37e-6c88239d437c_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementClassOfStockAxis_ba4249f5-f6a7-4a63-a37e-6c88239d437c" xlink:to="loc_us-gaap_ClassOfStockDomain_ba4249f5-f6a7-4a63-a37e-6c88239d437c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_0b8704d4-0789-4853-88a3-6631c2a8f9a6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementClassOfStockAxis_ba4249f5-f6a7-4a63-a37e-6c88239d437c" xlink:to="loc_us-gaap_ClassOfStockDomain_0b8704d4-0789-4853-88a3-6631c2a8f9a6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedTrademarks_0b997c9f-a205-4246-bdc0-7c047a153e0f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedTrademarks"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_IndefiniteLivedTrademarks_0b997c9f-a205-4246-bdc0-7c047a153e0f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_fc6b6c72-4a46-4722-b854-719a66303ce0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_fc6b6c72-4a46-4722-b854-719a66303ce0" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsLand_dbc19346-da63-4298-9798-0ef9c5d4d64a" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsLand"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_FinanceLeasedAssetsLand_dbc19346-da63-4298-9798-0ef9c5d4d64a" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsLandImprovements_9a3f9cf8-7298-4f0d-b0a8-7063b1d44a15" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsLandImprovements"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_FinanceLeasedAssetsLandImprovements_9a3f9cf8-7298-4f0d-b0a8-7063b1d44a15" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_c5d49843-ec45-4d2c-925c-3e3f0169359b" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_c5d49843-ec45-4d2c-925c-3e3f0169359b" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CapitalLeasedAssetsMachineryandEquipment_6000268e-bccd-4fa9-ac9f-ea7e94749f95" xlink:href="mtn-20240731.xsd#mtn_CapitalLeasedAssetsMachineryandEquipment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_CapitalLeasedAssetsMachineryandEquipment_6000268e-bccd-4fa9-ac9f-ea7e94749f95" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation_206fd496-c1a5-48b1-9e9b-fa970af7b5d7" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsAccumulatedDepreciation"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation_206fd496-c1a5-48b1-9e9b-fa970af7b5d7" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsNet_6497d6e7-fa3e-4900-9f04-c504052663bf" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_FinanceLeasedAssetsNet_6497d6e7-fa3e-4900-9f04-c504052663bf" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_991b969d-3c59-47fc-b59d-92a1e0de7940" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_991b969d-3c59-47fc-b59d-92a1e0de7940" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_fc4e5b32-83e4-46cb-b010-e49a2ec61a96" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_fc4e5b32-83e4-46cb-b010-e49a2ec61a96" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAcquiredDuringPeriod_4497e836-b5e1-4b83-9b77-cf2f39014ba7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAcquiredDuringPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_GoodwillAcquiredDuringPeriod_4497e836-b5e1-4b83-9b77-cf2f39014ba7" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_d0c2bd6c-6a5e-4ff6-968b-befcd9af84d7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_d0c2bd6c-6a5e-4ff6-968b-befcd9af84d7" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_2202f903-71ac-4dfa-88c3-3ec9893491cc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferred1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferred1_2202f903-71ac-4dfa-88c3-3ec9893491cc" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_79493845-55ea-43ee-af7a-68d494b67f74" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_79493845-55ea-43ee-af7a-68d494b67f74" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1_605de1e6-376f-4645-8eb1-4c6d1d7c739b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1_605de1e6-376f-4645-8eb1-4c6d1d7c739b" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_edd03675-aa71-40c5-8c83-116ef4462a4c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_edd03675-aa71-40c5-8c83-116ef4462a4c" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed_ed1ebfd0-b654-4ca4-af8a-30b23b36580a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed_ed1ebfd0-b654-4ca4-af8a-30b23b36580a" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_81dd4433-e471-4a3e-b273-d709849e06ff" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_81dd4433-e471-4a3e-b273-d709849e06ff" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized_a13d0cec-7b45-4763-8207-0173663810e9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized_a13d0cec-7b45-4763-8207-0173663810e9" xlink:type="arc" order="18"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_1a2fb6b2-55cb-4486-bc76-cbb2690f90a6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_1a2fb6b2-55cb-4486-bc76-cbb2690f90a6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_1a2fb6b2-55cb-4486-bc76-cbb2690f90a6_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_1a2fb6b2-55cb-4486-bc76-cbb2690f90a6" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_1a2fb6b2-55cb-4486-bc76-cbb2690f90a6_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_1029151d-743f-4e9b-8616-15fc8c3ebd99" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_1a2fb6b2-55cb-4486-bc76-cbb2690f90a6" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_1029151d-743f-4e9b-8616-15fc8c3ebd99" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsMember_10be905a-65c1-46da-8abd-cdc7c0904860" xlink:href="mtn-20240731.xsd#mtn_CanyonsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_1029151d-743f-4e9b-8616-15fc8c3ebd99" xlink:to="loc_mtn_CanyonsMember_10be905a-65c1-46da-8abd-cdc7c0904860" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_34af751e-d547-4c0f-8a9e-124b95c5e80f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_34af751e-d547-4c0f-8a9e-124b95c5e80f" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_34af751e-d547-4c0f-8a9e-124b95c5e80f_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_34af751e-d547-4c0f-8a9e-124b95c5e80f" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_34af751e-d547-4c0f-8a9e-124b95c5e80f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_a0366287-ac14-4d34-b14b-d80cf412e1ef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_34af751e-d547-4c0f-8a9e-124b95c5e80f" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_a0366287-ac14-4d34-b14b-d80cf412e1ef" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_01ab2345-aa46-49ff-8ac7-1c5daeb74c79" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:to="loc_srt_RangeAxis_01ab2345-aa46-49ff-8ac7-1c5daeb74c79" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_01ab2345-aa46-49ff-8ac7-1c5daeb74c79_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_01ab2345-aa46-49ff-8ac7-1c5daeb74c79" xlink:to="loc_srt_RangeMember_01ab2345-aa46-49ff-8ac7-1c5daeb74c79_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_972c5da0-7138-4ab4-920e-86392e4dce68" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_01ab2345-aa46-49ff-8ac7-1c5daeb74c79" xlink:to="loc_srt_RangeMember_972c5da0-7138-4ab4-920e-86392e4dce68" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsLand_5b23acc4-a7bd-47f2-9bb8-137fb71a274e" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsLand"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_FinanceLeasedAssetsLand_5b23acc4-a7bd-47f2-9bb8-137fb71a274e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsLandImprovements_5f85c8bf-cca3-4e65-9bec-c2ace1c8265c" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsLandImprovements"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_FinanceLeasedAssetsLandImprovements_5f85c8bf-cca3-4e65-9bec-c2ace1c8265c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_d268f91a-9b65-47a5-b238-ec7f3fe5468d" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_d268f91a-9b65-47a5-b238-ec7f3fe5468d" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CapitalLeasedAssetsMachineryandEquipment_386f27ba-4018-4476-8e7c-5c3f9e7ae1c2" xlink:href="mtn-20240731.xsd#mtn_CapitalLeasedAssetsMachineryandEquipment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_CapitalLeasedAssetsMachineryandEquipment_386f27ba-4018-4476-8e7c-5c3f9e7ae1c2" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization_97948f52-43f0-4b18-bcb3-9ed82f550186" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization_97948f52-43f0-4b18-bcb3-9ed82f550186" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation_06774f4d-75af-4b8f-a649-59502f4c4236" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsAccumulatedDepreciation"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation_06774f4d-75af-4b8f-a649-59502f4c4236" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsNet_e91f2e6a-92dd-4b02-8a9e-48c34ca3f7df" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_FinanceLeasedAssetsNet_e91f2e6a-92dd-4b02-8a9e-48c34ca3f7df" xlink:type="arc" order="6"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_8318adda-562d-4ac5-bdc4-95abcd750d1f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_8318adda-562d-4ac5-bdc4-95abcd750d1f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_8318adda-562d-4ac5-bdc4-95abcd750d1f_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_8318adda-562d-4ac5-bdc4-95abcd750d1f" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_8318adda-562d-4ac5-bdc4-95abcd750d1f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_c7c7ecbd-e0c2-47fd-9606-235d26daf0fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_8318adda-562d-4ac5-bdc4-95abcd750d1f" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_c7c7ecbd-e0c2-47fd-9606-235d26daf0fc" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_d55c9f7b-c23a-4790-8365-be0e406ae0f6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_d55c9f7b-c23a-4790-8365-be0e406ae0f6" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_d55c9f7b-c23a-4790-8365-be0e406ae0f6_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_d55c9f7b-c23a-4790-8365-be0e406ae0f6" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_d55c9f7b-c23a-4790-8365-be0e406ae0f6_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_db6526d5-69d2-45f8-aedf-7b19cf3d5b08" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_d55c9f7b-c23a-4790-8365-be0e406ae0f6" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_db6526d5-69d2-45f8-aedf-7b19cf3d5b08" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_2cb88578-b44f-4335-9eca-49462e26a6a3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_2cb88578-b44f-4335-9eca-49462e26a6a3" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_2cb88578-b44f-4335-9eca-49462e26a6a3_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_2cb88578-b44f-4335-9eca-49462e26a6a3" xlink:to="loc_us-gaap_SegmentDomain_2cb88578-b44f-4335-9eca-49462e26a6a3_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_224be415-5805-482b-b88a-42696ab3f996" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_2cb88578-b44f-4335-9eca-49462e26a6a3" xlink:to="loc_us-gaap_SegmentDomain_224be415-5805-482b-b88a-42696ab3f996" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainMember_7119e9f2-b51f-47ef-b1a3-449a4deec2be" xlink:href="mtn-20240731.xsd#mtn_MountainMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_224be415-5805-482b-b88a-42696ab3f996" xlink:to="loc_mtn_MountainMember_7119e9f2-b51f-47ef-b1a3-449a4deec2be" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillGross_c0dc61ea-9c0a-4a9e-b317-c9dc28bdde77" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillGross"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_GoodwillGross_c0dc61ea-9c0a-4a9e-b317-c9dc28bdde77" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss_78774690-a8a8-4557-b0dd-383967c48973" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillImpairedAccumulatedImpairmentLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss_78774690-a8a8-4557-b0dd-383967c48973" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GoodwillAccumulatedAmortization_f16a8145-c604-463c-a558-c809b516d9fb" xlink:href="mtn-20240731.xsd#mtn_GoodwillAccumulatedAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_mtn_GoodwillAccumulatedAmortization_f16a8145-c604-463c-a558-c809b516d9fb" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_8e11efef-0ef3-484e-b081-e16afdcfe329" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_Goodwill_8e11efef-0ef3-484e-b081-e16afdcfe329" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedTrademarks_bf62898b-4ed1-46ca-9861-51b17900e115" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedTrademarks"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_IndefiniteLivedTrademarks_bf62898b-4ed1-46ca-9861-51b17900e115" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIndefiniteLivedIntangibleAssets_15662cbb-c204-4cb7-b27f-fcfeabe890ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherIndefiniteLivedIntangibleAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_OtherIndefiniteLivedIntangibleAssets_15662cbb-c204-4cb7-b27f-fcfeabe890ac" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_cbdb6187-234d-4342-be89-80cd7dd2a958" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_cbdb6187-234d-4342-be89-80cd7dd2a958" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization_44ee4db5-7c14-45cc-a0a9-d6d375d21bd3" xlink:href="mtn-20240731.xsd#mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization_44ee4db5-7c14-45cc-a0a9-d6d375d21bd3" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet_0d9f80fa-26de-4ece-82ba-357431ba8dfa" xlink:href="mtn-20240731.xsd#mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet_0d9f80fa-26de-4ece-82ba-357431ba8dfa" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedTradeNamesGross_e9e5cc87-263a-4875-96dd-b6edca18379b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedTradeNamesGross"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedTradeNamesGross_e9e5cc87-263a-4875-96dd-b6edca18379b" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherFiniteLivedIntangibleAssetsGross_e3312665-ee21-495c-9643-07676bf8d2e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherFiniteLivedIntangibleAssetsGross"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_OtherFiniteLivedIntangibleAssetsGross_e3312665-ee21-495c-9643-07676bf8d2e8" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_154ec55a-c139-42b1-8ed6-dcbe9585cc34" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsGross_154ec55a-c139-42b1-8ed6-dcbe9585cc34" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_411c9729-43af-4778-89c4-41269f1a7370" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_411c9729-43af-4778-89c4-41269f1a7370" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_cd6fc902-047e-4c7d-80f3-f67db711749e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_cd6fc902-047e-4c7d-80f3-f67db711749e" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GrossIntangibleAssetsExcludingGoodwill_37b8a602-d77a-497a-ba4c-823fc77263d4" xlink:href="mtn-20240731.xsd#mtn_GrossIntangibleAssetsExcludingGoodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_mtn_GrossIntangibleAssetsExcludingGoodwill_37b8a602-d77a-497a-ba4c-823fc77263d4" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccumulatedAmortizationExcludingGoodwill_0b2fe45e-0780-4eb0-820e-86c770b97dc9" xlink:href="mtn-20240731.xsd#mtn_AccumulatedAmortizationExcludingGoodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_mtn_AccumulatedAmortizationExcludingGoodwill_0b2fe45e-0780-4eb0-820e-86c770b97dc9" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_36beb700-321e-4727-bd46-2e5afe835411" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_36beb700-321e-4727-bd46-2e5afe835411" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfIntangibleAssets_95dc5d5e-b71f-413b-b445-207a58ec7e35" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfIntangibleAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_AmortizationOfIntangibleAssets_95dc5d5e-b71f-413b-b445-207a58ec7e35" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_41b2b039-402f-47e1-a17a-bb652cfccdb5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_41b2b039-402f-47e1-a17a-bb652cfccdb5" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_93e5544f-69d0-4bd6-8413-f6a7b40f875b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_93e5544f-69d0-4bd6-8413-f6a7b40f875b" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_50d83478-5c04-4d7c-a1c6-6452296de54f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_50d83478-5c04-4d7c-a1c6-6452296de54f" xlink:type="arc" order="20"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_1605c6e5-3477-4ae9-9cff-18f576aff162" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_1605c6e5-3477-4ae9-9cff-18f576aff162" xlink:type="arc" order="21"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_f3d9e543-5e06-480a-a565-4e40da006a58" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_f3d9e543-5e06-480a-a565-4e40da006a58" xlink:type="arc" order="22"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfGoodwillTable_e3723e44-83b3-4e7e-860c-3c077ee2d142" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfGoodwillTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:to="loc_us-gaap_ScheduleOfGoodwillTable_e3723e44-83b3-4e7e-860c-3c077ee2d142" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_e3640d78-f199-4f1a-aebc-898da5e2297f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfGoodwillTable_e3723e44-83b3-4e7e-860c-3c077ee2d142" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_e3640d78-f199-4f1a-aebc-898da5e2297f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_e3640d78-f199-4f1a-aebc-898da5e2297f_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_e3640d78-f199-4f1a-aebc-898da5e2297f" xlink:to="loc_us-gaap_SegmentDomain_e3640d78-f199-4f1a-aebc-898da5e2297f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_eda212cf-1351-4009-9bc9-46487681bf40" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_e3640d78-f199-4f1a-aebc-898da5e2297f" xlink:to="loc_us-gaap_SegmentDomain_eda212cf-1351-4009-9bc9-46487681bf40" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainMember_1200e217-2718-4b6a-88f9-f478946a195f" xlink:href="mtn-20240731.xsd#mtn_MountainMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_eda212cf-1351-4009-9bc9-46487681bf40" xlink:to="loc_mtn_MountainMember_1200e217-2718-4b6a-88f9-f478946a195f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingMember_a8da86d5-70bf-459a-aee7-121ba011dfa9" xlink:href="mtn-20240731.xsd#mtn_LodgingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_eda212cf-1351-4009-9bc9-46487681bf40" xlink:to="loc_mtn_LodgingMember_a8da86d5-70bf-459a-aee7-121ba011dfa9" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_2594ec53-89f7-4679-837f-cbee9422c495" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:to="loc_us-gaap_Goodwill_2594ec53-89f7-4679-837f-cbee9422c495" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAcquiredDuringPeriod_32950ff3-c04f-4fb9-9072-223b9aeaef49" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAcquiredDuringPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:to="loc_us-gaap_GoodwillAcquiredDuringPeriod_32950ff3-c04f-4fb9-9072-223b9aeaef49" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit_f89a4627-d913-4c24-a699-26aa7a59a7c0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:to="loc_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit_f89a4627-d913-4c24-a699-26aa7a59a7c0" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillForeignCurrencyTranslationGainLoss_b99821fd-cd08-410f-8328-0519d548872f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillForeignCurrencyTranslationGainLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:to="loc_us-gaap_GoodwillForeignCurrencyTranslationGainLoss_b99821fd-cd08-410f-8328-0519d548872f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_3edf1795-f452-4894-92a5-df7c9e9a187e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_5071796b-96d8-46fa-95ff-4fbef9d7511b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_7269e593-d595-4943-b2ca-5d617a9f3d59" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_5071796b-96d8-46fa-95ff-4fbef9d7511b" xlink:to="loc_us-gaap_StatementTable_7269e593-d595-4943-b2ca-5d617a9f3d59" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_4211aa15-d84c-4108-a9fd-46c0c05dd34b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_7269e593-d595-4943-b2ca-5d617a9f3d59" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_4211aa15-d84c-4108-a9fd-46c0c05dd34b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_4211aa15-d84c-4108-a9fd-46c0c05dd34b_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BalanceSheetLocationAxis_4211aa15-d84c-4108-a9fd-46c0c05dd34b" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_4211aa15-d84c-4108-a9fd-46c0c05dd34b_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_bfea7945-344e-4393-8d22-96dda799c907" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BalanceSheetLocationAxis_4211aa15-d84c-4108-a9fd-46c0c05dd34b" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_bfea7945-344e-4393-8d22-96dda799c907" xlink:type="arc" order="1"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/FairValueMeasurementsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#FairValueMeasurementsDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/FairValueMeasurementsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis_16861fec-0159-42ea-9a1d-8571b934382b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CurrencyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:to="loc_srt_CurrencyAxis_16861fec-0159-42ea-9a1d-8571b934382b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_16861fec-0159-42ea-9a1d-8571b934382b_default" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_CurrencyAxis_16861fec-0159-42ea-9a1d-8571b934382b" xlink:to="loc_currency_AllCurrenciesDomain_16861fec-0159-42ea-9a1d-8571b934382b_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_29aeaa29-d0fd-490c-84b2-dafcc7b9ad7d" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_CurrencyAxis_16861fec-0159-42ea-9a1d-8571b934382b" xlink:to="loc_currency_AllCurrenciesDomain_29aeaa29-d0fd-490c-84b2-dafcc7b9ad7d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_83241a25-d0a9-4c65-81ec-656cb60d06ba" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_83241a25-d0a9-4c65-81ec-656cb60d06ba" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_83241a25-d0a9-4c65-81ec-656cb60d06ba_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_83241a25-d0a9-4c65-81ec-656cb60d06ba" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_83241a25-d0a9-4c65-81ec-656cb60d06ba_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_4881815b-278d-4979-93e4-9ee657b28c8f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_83241a25-d0a9-4c65-81ec-656cb60d06ba" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_4881815b-278d-4979-93e4-9ee657b28c8f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MoneyMarketFundsMember_3450af86-64a9-46b4-b881-6edf68b1dd8b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MoneyMarketFundsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_4881815b-278d-4979-93e4-9ee657b28c8f" xlink:to="loc_us-gaap_MoneyMarketFundsMember_3450af86-64a9-46b4-b881-6edf68b1dd8b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommercialPaperMember_79b56023-17a4-44b4-bcdf-15b465400383" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommercialPaperMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_4881815b-278d-4979-93e4-9ee657b28c8f" xlink:to="loc_us-gaap_CommercialPaperMember_79b56023-17a4-44b4-bcdf-15b465400383" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CertificatesOfDepositMember_14de94cc-c35c-46ed-aebc-365e4f2412f4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CertificatesOfDepositMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_4881815b-278d-4979-93e4-9ee657b28c8f" xlink:to="loc_us-gaap_CertificatesOfDepositMember_14de94cc-c35c-46ed-aebc-365e4f2412f4" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_bc407027-3471-4858-9f65-43276c1d4fe6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_bc407027-3471-4858-9f65-43276c1d4fe6" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bc407027-3471-4858-9f65-43276c1d4fe6_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_bc407027-3471-4858-9f65-43276c1d4fe6" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bc407027-3471-4858-9f65-43276c1d4fe6_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_fb64ada9-446e-430f-a114-96199da8e784" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_bc407027-3471-4858-9f65-43276c1d4fe6" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_fb64ada9-446e-430f-a114-96199da8e784" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsMember_f620b644-3c0e-40f8-8753-409376efe219" xlink:href="mtn-20240731.xsd#mtn_CanyonsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_fb64ada9-446e-430f-a114-96199da8e784" xlink:to="loc_mtn_CanyonsMember_f620b644-3c0e-40f8-8753-409376efe219" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_21b1c5f4-5706-4801-9041-d48f68336fd7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_21b1c5f4-5706-4801-9041-d48f68336fd7" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_21b1c5f4-5706-4801-9041-d48f68336fd7_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_21b1c5f4-5706-4801-9041-d48f68336fd7" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_21b1c5f4-5706-4801-9041-d48f68336fd7_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_480a1f21-b1f2-4679-a955-118d0f0d4b0c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_21b1c5f4-5706-4801-9041-d48f68336fd7" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_480a1f21-b1f2-4679-a955-118d0f0d4b0c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_68ea82f0-df7e-4b37-880c-0a192e525f94" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel1Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_480a1f21-b1f2-4679-a955-118d0f0d4b0c" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_68ea82f0-df7e-4b37-880c-0a192e525f94" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_8a508c07-2177-42b8-b16a-60b50c81ff4f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_480a1f21-b1f2-4679-a955-118d0f0d4b0c" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_8a508c07-2177-42b8-b16a-60b50c81ff4f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_174f6d66-25f2-4f6b-a81a-3465b7975711" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_480a1f21-b1f2-4679-a955-118d0f0d4b0c" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_174f6d66-25f2-4f6b-a81a-3465b7975711" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription_daa16dc9-8363-477b-9aea-95d629121fc7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription_daa16dc9-8363-477b-9aea-95d629121fc7" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ContingentConsiderationKeyAssumptionsforValuation_c716d875-07c6-4077-a047-cfa21641d891" xlink:href="mtn-20240731.xsd#mtn_ContingentConsiderationKeyAssumptionsforValuation"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_mtn_ContingentConsiderationKeyAssumptionsforValuation_c716d875-07c6-4077-a047-cfa21641d891" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription_181f6929-b6e4-4e9f-897d-4f9b319f7be5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription_181f6929-b6e4-4e9f-897d-4f9b319f7be5" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_9adf5136-6524-4b21-8172-63def939608e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_9adf5136-6524-4b21-8172-63def939608e" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue_1754824f-709f-4132-b442-7d3f5a6e236e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateCashFlowHedgeAssetAtFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue_1754824f-709f-4132-b442-7d3f5a6e236e" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ContingentConsiderationFairValueDisclosure_d6422b7d-1316-49bb-a65b-d4bbb32cf48c" xlink:href="mtn-20240731.xsd#mtn_ContingentConsiderationFairValueDisclosure"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_mtn_ContingentConsiderationFairValueDisclosure_d6422b7d-1316-49bb-a65b-d4bbb32cf48c" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRent_b6c2f4ff-824e-4fec-83d2-32bd081f235e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_PaymentsForRent_b6c2f4ff-824e-4fec-83d2-32bd081f235e" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1_9c698179-d325-4b13-9085-d03d2894ffe0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1_9c698179-d325-4b13-9085-d03d2894ffe0" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InterestRateSwapNotionalAmount_c61f5eca-d624-46f0-a0ab-1d62f191cdbd" xlink:href="mtn-20240731.xsd#mtn_InterestRateSwapNotionalAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_mtn_InterestRateSwapNotionalAmount_c61f5eca-d624-46f0-a0ab-1d62f191cdbd" xlink:type="arc" order="8"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesNarrativeDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_a50d76e5-7bfb-4d50-acbc-1caeb1fd0915" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_a50d76e5-7bfb-4d50-acbc-1caeb1fd0915" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_a50d76e5-7bfb-4d50-acbc-1caeb1fd0915_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_a50d76e5-7bfb-4d50-acbc-1caeb1fd0915" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_a50d76e5-7bfb-4d50-acbc-1caeb1fd0915_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_3cd471ad-ba2b-491b-bc5c-b7d7c0622977" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_a50d76e5-7bfb-4d50-acbc-1caeb1fd0915" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_3cd471ad-ba2b-491b-bc5c-b7d7c0622977" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PeakResortsInc.Member_3ee8d94c-9297-473c-8f58-83108deafa70" xlink:href="mtn-20240731.xsd#mtn_PeakResortsInc.Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_3cd471ad-ba2b-491b-bc5c-b7d7c0622977" xlink:to="loc_mtn_PeakResortsInc.Member_3ee8d94c-9297-473c-8f58-83108deafa70" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_4cbb8792-6b8a-4cf4-82f6-a3e2927548c8" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:to="loc_srt_RangeAxis_4cbb8792-6b8a-4cf4-82f6-a3e2927548c8" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_4cbb8792-6b8a-4cf4-82f6-a3e2927548c8_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_4cbb8792-6b8a-4cf4-82f6-a3e2927548c8" xlink:to="loc_srt_RangeMember_4cbb8792-6b8a-4cf4-82f6-a3e2927548c8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_4f269e79-a310-4b6f-8e36-99d012735fc6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_4cbb8792-6b8a-4cf4-82f6-a3e2927548c8" xlink:to="loc_srt_RangeMember_4f269e79-a310-4b6f-8e36-99d012735fc6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_43363fc0-16f7-49ff-bc12-628621104c4e" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_4f269e79-a310-4b6f-8e36-99d012735fc6" xlink:to="loc_srt_MaximumMember_43363fc0-16f7-49ff-bc12-628621104c4e" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_8f911a1d-898d-465c-9cca-6fcd14d13afe" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_4f269e79-a310-4b6f-8e36-99d012735fc6" xlink:to="loc_srt_MinimumMember_8f911a1d-898d-465c-9cca-6fcd14d13afe" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxAuthorityAxis_a80b4c2c-a79c-4a5d-9fd2-2fa9c5f7ac9f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxAuthorityAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:to="loc_us-gaap_IncomeTaxAuthorityAxis_a80b4c2c-a79c-4a5d-9fd2-2fa9c5f7ac9f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxAuthorityDomain_a80b4c2c-a79c-4a5d-9fd2-2fa9c5f7ac9f_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxAuthorityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_IncomeTaxAuthorityAxis_a80b4c2c-a79c-4a5d-9fd2-2fa9c5f7ac9f" xlink:to="loc_us-gaap_IncomeTaxAuthorityDomain_a80b4c2c-a79c-4a5d-9fd2-2fa9c5f7ac9f_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxAuthorityDomain_7c8c3466-b973-4018-864e-4e08a7eceb41" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxAuthorityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_IncomeTaxAuthorityAxis_a80b4c2c-a79c-4a5d-9fd2-2fa9c5f7ac9f" xlink:to="loc_us-gaap_IncomeTaxAuthorityDomain_7c8c3466-b973-4018-864e-4e08a7eceb41" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCountryMember_c3855027-a44f-40ad-8717-2711a1d8b6fd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCountryMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxAuthorityDomain_7c8c3466-b973-4018-864e-4e08a7eceb41" xlink:to="loc_us-gaap_ForeignCountryMember_c3855027-a44f-40ad-8717-2711a1d8b6fd" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent_8f4534d4-9dcd-4109-b606-3697f51dcf18" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent_8f4534d4-9dcd-4109-b606-3697f51dcf18" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_1e439d55-d6e2-4867-bd56-2796d0c54087" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_1e439d55-d6e2-4867-bd56-2796d0c54087" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_ac00990b-56e0-4f4f-8155-6ab98bca1e3c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_ac00990b-56e0-4f4f-8155-6ab98bca1e3c" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLossCarryforwards_3d07fb11-f68a-48e8-83ee-260320a5b8fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLossCarryforwards"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_OperatingLossCarryforwards_3d07fb11-f68a-48e8-83ee-260320a5b8fc" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ForeignRefundablePayrollTaxCredits_9165a33f-7b57-46ed-aff3-d99fe8ec1e94" xlink:href="mtn-20240731.xsd#mtn_ForeignRefundablePayrollTaxCredits"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_mtn_ForeignRefundablePayrollTaxCredits_9165a33f-7b57-46ed-aff3-d99fe8ec1e94" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense_b12c8b38-483b-4311-b09e-7d10c188b29c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense_b12c8b38-483b-4311-b09e-7d10c188b29c" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_8bd86844-07ed-4fd1-bca4-12a912e692e1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_8bd86844-07ed-4fd1-bca4-12a912e692e1" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsGross_f19b129d-fa2d-4ac6-9839-1c7182ab901b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsGross"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_DeferredTaxAssetsGross_f19b129d-fa2d-4ac6-9839-1c7182ab901b" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ValuationAllowanceAbstract_65464ea8-0ad6-4d9d-ae70-7732cea63080" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ValuationAllowanceAbstract"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_ValuationAllowanceAbstract_65464ea8-0ad6-4d9d-ae70-7732cea63080" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsValuationAllowance_9a0318c4-ab9a-49ee-a7cb-7a50957ef006" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsValuationAllowance"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_DeferredTaxAssetsValuationAllowance_9a0318c4-ab9a-49ee-a7cb-7a50957ef006" xlink:type="arc" order="9"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#CommitmentsandContingenciesNarrativeDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingenciesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_4f098c37-0014-40b5-9540-b02fa4cb86df" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_4f098c37-0014-40b5-9540-b02fa4cb86df" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_4f098c37-0014-40b5-9540-b02fa4cb86df_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_4f098c37-0014-40b5-9540-b02fa4cb86df" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_4f098c37-0014-40b5-9540-b02fa4cb86df_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_6a403da0-b717-4d2d-95a7-4013408ee8a1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_4f098c37-0014-40b5-9540-b02fa4cb86df" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_6a403da0-b717-4d2d-95a7-4013408ee8a1" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsObligationMember_0a0478b4-dd22-4360-b863-be4efd9fcff4" xlink:href="mtn-20240731.xsd#mtn_CanyonsObligationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_6a403da0-b717-4d2d-95a7-4013408ee8a1" xlink:to="loc_mtn_CanyonsObligationMember_0a0478b4-dd22-4360-b863-be4efd9fcff4" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_38429628-6ed1-4a08-9045-5088b17e940c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_38429628-6ed1-4a08-9045-5088b17e940c" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_38429628-6ed1-4a08-9045-5088b17e940c_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_38429628-6ed1-4a08-9045-5088b17e940c" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_38429628-6ed1-4a08-9045-5088b17e940c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_38429628-6ed1-4a08-9045-5088b17e940c" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarMember_ee7282ea-9629-429f-943c-7ed6b7b34cf1" xlink:href="mtn-20240731.xsd#mtn_NorthstarMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_NorthstarMember_ee7282ea-9629-429f-943c-7ed6b7b34cf1" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PerisherMember_ec9933f2-ea65-4075-a296-9df3e84b2bfd" xlink:href="mtn-20240731.xsd#mtn_PerisherMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_PerisherMember_ec9933f2-ea65-4075-a296-9df3e84b2bfd" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsMember_cd00882a-28b3-4d58-926d-ac8ec8e6e74a" xlink:href="mtn-20240731.xsd#mtn_CanyonsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_CanyonsMember_cd00882a-28b3-4d58-926d-ac8ec8e6e74a" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MadRiverMountainMember_31d6d11f-9fb3-4c2c-9671-5aeced526ebd" xlink:href="mtn-20240731.xsd#mtn_MadRiverMountainMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_MadRiverMountainMember_31d6d11f-9fb3-4c2c-9671-5aeced526ebd" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HothamMember_19f33a90-e606-4f6e-b028-a5d99a4d8870" xlink:href="mtn-20240731.xsd#mtn_HothamMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_HothamMember_19f33a90-e606-4f6e-b028-a5d99a4d8870" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FallsCreekMember_6d031866-7caa-4722-9b04-0dc808cc2443" xlink:href="mtn-20240731.xsd#mtn_FallsCreekMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_FallsCreekMember_6d031866-7caa-4722-9b04-0dc808cc2443" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SevenSpringsResortsMember_e6850dc7-ab0f-442f-a940-403e189e21c8" xlink:href="mtn-20240731.xsd#mtn_SevenSpringsResortsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_SevenSpringsResortsMember_e6850dc7-ab0f-442f-a940-403e189e21c8" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_02a39595-5be4-4772-9547-b1b41d6e3064" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_AndermattSedrunMember_02a39595-5be4-4772-9547-b1b41d6e3064" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UsernCorporationMember_9c2adfd6-1d13-4476-88a3-841aef9ada58" xlink:href="mtn-20240731.xsd#mtn_UsernCorporationMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_UsernCorporationMember_9c2adfd6-1d13-4476-88a3-841aef9ada58" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease1Member_062f5f68-e3ad-4c5c-b1be-0d0f23d5a8c7" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease1Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_SwissConfederationLease1Member_062f5f68-e3ad-4c5c-b1be-0d0f23d5a8c7" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease2Member_adf8c570-0010-4f02-badd-8b1767ae9128" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease2Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_SwissConfederationLease2Member_adf8c570-0010-4f02-badd-8b1767ae9128" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MunicipalityOfTujetschMember_5a708ac5-8cc6-4284-ab36-a3a70f510421" xlink:href="mtn-20240731.xsd#mtn_MunicipalityOfTujetschMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_MunicipalityOfTujetschMember_5a708ac5-8cc6-4284-ab36-a3a70f510421" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FederalOfficeOfTransportConcession1Member_9e129a83-7318-4188-8c51-ace4dd5e751c" xlink:href="mtn-20240731.xsd#mtn_FederalOfficeOfTransportConcession1Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_FederalOfficeOfTransportConcession1Member_9e129a83-7318-4188-8c51-ace4dd5e751c" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FederalOfficeOfTransportConcession2Member_94f4f03f-349a-4e74-bbbf-ecb1a118a37f" xlink:href="mtn-20240731.xsd#mtn_FederalOfficeOfTransportConcession2Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_FederalOfficeOfTransportConcession2Member_94f4f03f-349a-4e74-bbbf-ecb1a118a37f" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarResortFinanceLeasesMember_d8828153-5ed0-451b-be7a-0102e068d7cb" xlink:href="mtn-20240731.xsd#mtn_NorthstarResortFinanceLeasesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_NorthstarResortFinanceLeasesMember_d8828153-5ed0-451b-be7a-0102e068d7cb" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease3Member_76591044-61ac-44b4-b80d-3300fae608a7" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease3Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_SwissConfederationLease3Member_76591044-61ac-44b4-b80d-3300fae608a7" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease4Member_0c11925f-4cce-4f82-9106-bfdbb0fbb564" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease4Member"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_SwissConfederationLease4Member_0c11925f-4cce-4f82-9106-bfdbb0fbb564" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_68141f88-be83-4c6d-a991-419b7e1d279c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_srt_RangeAxis_68141f88-be83-4c6d-a991-419b7e1d279c" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_68141f88-be83-4c6d-a991-419b7e1d279c_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_68141f88-be83-4c6d-a991-419b7e1d279c" xlink:to="loc_srt_RangeMember_68141f88-be83-4c6d-a991-419b7e1d279c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_7226acf7-d69b-44fe-9695-1a7a3339173f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_68141f88-be83-4c6d-a991-419b7e1d279c" xlink:to="loc_srt_RangeMember_7226acf7-d69b-44fe-9695-1a7a3339173f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_9191c63f-03d7-4e32-b22c-5cbb5c7dfe5f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_7226acf7-d69b-44fe-9695-1a7a3339173f" xlink:to="loc_srt_MaximumMember_9191c63f-03d7-4e32-b22c-5cbb5c7dfe5f" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_c298026e-3cbe-4ac5-97dd-428625b682bb" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_7226acf7-d69b-44fe-9695-1a7a3339173f" xlink:to="loc_srt_MinimumMember_c298026e-3cbe-4ac5-97dd-428625b682bb" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_7d88a262-019b-48ec-bc28-5f0fae75cc79" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_7d88a262-019b-48ec-bc28-5f0fae75cc79" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyNatureDomain_7d88a262-019b-48ec-bc28-5f0fae75cc79_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingencyNatureDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_7d88a262-019b-48ec-bc28-5f0fae75cc79" xlink:to="loc_us-gaap_LossContingencyNatureDomain_7d88a262-019b-48ec-bc28-5f0fae75cc79_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyNatureDomain_ecafa58b-542e-4e47-9b50-c8e1d166876c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingencyNatureDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_7d88a262-019b-48ec-bc28-5f0fae75cc79" xlink:to="loc_us-gaap_LossContingencyNatureDomain_ecafa58b-542e-4e47-9b50-c8e1d166876c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EmployeeHousingBondsMember_1a27a2d3-aa6b-4564-ad9d-0661f24a4ff3" xlink:href="mtn-20240731.xsd#mtn_EmployeeHousingBondsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingencyNatureDomain_ecafa58b-542e-4e47-9b50-c8e1d166876c" xlink:to="loc_mtn_EmployeeHousingBondsMember_1a27a2d3-aa6b-4564-ad9d-0661f24a4ff3" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember_759ce630-bee0-44ad-becc-009417c1c225" xlink:href="mtn-20240731.xsd#mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingencyNatureDomain_ecafa58b-542e-4e47-9b50-c8e1d166876c" xlink:to="loc_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember_759ce630-bee0-44ad-becc-009417c1c225" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_639f3a05-4552-492a-9ef9-c4d9452bd284" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LegalEntityAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_dei_LegalEntityAxis_639f3a05-4552-492a-9ef9-c4d9452bd284" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_639f3a05-4552-492a-9ef9-c4d9452bd284_default" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_639f3a05-4552-492a-9ef9-c4d9452bd284" xlink:to="loc_dei_EntityDomain_639f3a05-4552-492a-9ef9-c4d9452bd284_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_f4f4d62e-d8e5-44da-92fb-a5ba06c8025f" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_639f3a05-4552-492a-9ef9-c4d9452bd284" xlink:to="loc_dei_EntityDomain_f4f4d62e-d8e5-44da-92fb-a5ba06c8025f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HollandCreekMetropolitanDistrictMember_674a58b8-e7ee-4a20-bdb5-ec4b0142d83d" xlink:href="mtn-20240731.xsd#mtn_HollandCreekMetropolitanDistrictMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_f4f4d62e-d8e5-44da-92fb-a5ba06c8025f" xlink:to="loc_mtn_HollandCreekMetropolitanDistrictMember_674a58b8-e7ee-4a20-bdb5-ec4b0142d83d" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_8f6d1dca-01c5-43b4-a857-1334674bf77d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LettersOfCreditOutstandingAmount"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_us-gaap_LettersOfCreditOutstandingAmount_8f6d1dca-01c5-43b4-a857-1334674bf77d" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SuretyBondsOutstanding_f5b7618f-1c7a-407f-be74-8493825d1945" xlink:href="mtn-20240731.xsd#mtn_SuretyBondsOutstanding"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_mtn_SuretyBondsOutstanding_f5b7618f-1c7a-407f-be74-8493825d1945" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseExpirationDate1_fb10cad0-b3fc-4cc7-b963-26d5c3176715" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseExpirationDate1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_us-gaap_LeaseExpirationDate1_fb10cad0-b3fc-4cc7-b963-26d5c3176715" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NumberOfOptionalLeaseRenewalTerms_4d07d4c9-fa09-4759-89d0-d3d733a0f815" xlink:href="mtn-20240731.xsd#mtn_NumberOfOptionalLeaseRenewalTerms"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_mtn_NumberOfOptionalLeaseRenewalTerms_4d07d4c9-fa09-4759-89d0-d3d733a0f815" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OptionalLeaseRenewalTerm_09ecdaa3-e1de-4dc1-8cc9-850b16e3a3a5" xlink:href="mtn-20240731.xsd#mtn_OptionalLeaseRenewalTerm"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_mtn_OptionalLeaseRenewalTerm_09ecdaa3-e1de-4dc1-8cc9-850b16e3a3a5" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DescriptionofPercentageRent_698a42a4-17fe-49ec-a608-ccd7addf1f5e" xlink:href="mtn-20240731.xsd#mtn_DescriptionofPercentageRent"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_mtn_DescriptionofPercentageRent_698a42a4-17fe-49ec-a608-ccd7addf1f5e" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_4303447c-b11f-4200-800d-fcda06f53a73" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_us-gaap_LongTermDebt_4303447c-b11f-4200-800d-fcda06f53a73" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LeaseExpirationYear_2ef88648-5eea-4e99-bf87-8fb7c3ff6994" xlink:href="mtn-20240731.xsd#mtn_LeaseExpirationYear"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_mtn_LeaseExpirationYear_2ef88648-5eea-4e99-bf87-8fb7c3ff6994" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseExpense_4d7b2f71-0ebe-4d7e-9087-56dbde5247fd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_us-gaap_OperatingLeaseExpense_4d7b2f71-0ebe-4d7e-9087-56dbde5247fd" xlink:type="arc" order="8"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SegmentInformationDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SegmentInformationDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/SegmentInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_23dc0a31-e9ff-424b-8f10-24fae4dd1dbf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_23dc0a31-e9ff-424b-8f10-24fae4dd1dbf" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_23dc0a31-e9ff-424b-8f10-24fae4dd1dbf_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_23dc0a31-e9ff-424b-8f10-24fae4dd1dbf" xlink:to="loc_us-gaap_SegmentDomain_23dc0a31-e9ff-424b-8f10-24fae4dd1dbf_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_23dc0a31-e9ff-424b-8f10-24fae4dd1dbf" xlink:to="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LiftTicketsMember_3edc4db0-e33a-49ff-aea4-fac6f8f4e7ae" xlink:href="mtn-20240731.xsd#mtn_LiftTicketsMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_LiftTicketsMember_3edc4db0-e33a-49ff-aea4-fac6f8f4e7ae" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SkiSchoolMember_a17cb7fa-b753-43a9-8370-71334c03c210" xlink:href="mtn-20240731.xsd#mtn_SkiSchoolMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_SkiSchoolMember_a17cb7fa-b753-43a9-8370-71334c03c210" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DiningMember_dabaa975-4747-489e-983a-2ca9fb9c57be" xlink:href="mtn-20240731.xsd#mtn_DiningMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_DiningMember_dabaa975-4747-489e-983a-2ca9fb9c57be" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RetailRentalMember_2e3604f0-a1b4-420a-acb9-e30345324886" xlink:href="mtn-20240731.xsd#mtn_RetailRentalMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_RetailRentalMember_2e3604f0-a1b4-420a-acb9-e30345324886" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherMountainRevenueMember_309d83cb-f5d1-446b-8ac6-a1ca516ff7b6" xlink:href="mtn-20240731.xsd#mtn_OtherMountainRevenueMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_OtherMountainRevenueMember_309d83cb-f5d1-446b-8ac6-a1ca516ff7b6" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortMember_478d3a6f-be0d-48ed-99d1-185717e96326" xlink:href="mtn-20240731.xsd#mtn_ResortMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_ResortMember_478d3a6f-be0d-48ed-99d1-185717e96326" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainMember_acb32b53-f6f2-4fd1-ac07-bfbaa700c0c6" xlink:href="mtn-20240731.xsd#mtn_MountainMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_ResortMember_478d3a6f-be0d-48ed-99d1-185717e96326" xlink:to="loc_mtn_MountainMember_acb32b53-f6f2-4fd1-ac07-bfbaa700c0c6" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingMember_70b5801e-9b62-43e0-9083-f14af47a8d68" xlink:href="mtn-20240731.xsd#mtn_LodgingMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_ResortMember_478d3a6f-be0d-48ed-99d1-185717e96326" xlink:to="loc_mtn_LodgingMember_70b5801e-9b62-43e0-9083-f14af47a8d68" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateSegmentMember_66d642b9-f2b9-4d7a-8106-b6ad15939727" xlink:href="mtn-20240731.xsd#mtn_RealEstateSegmentMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_RealEstateSegmentMember_66d642b9-f2b9-4d7a-8106-b6ad15939727" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_0240b11d-b8a5-472b-9c47-42536899cfde" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:to="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_0240b11d-b8a5-472b-9c47-42536899cfde" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_0240b11d-b8a5-472b-9c47-42536899cfde_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_0240b11d-b8a5-472b-9c47-42536899cfde" xlink:to="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_0240b11d-b8a5-472b-9c47-42536899cfde_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_b25a7b51-aa2f-48ba-aebf-ccb02a490cad" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_0240b11d-b8a5-472b-9c47-42536899cfde" xlink:to="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_b25a7b51-aa2f-48ba-aebf-ccb02a490cad" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DoubletreeBreckenridgeMember_29f66b4d-2e20-4632-bb28-f6c4621698b9" xlink:href="mtn-20240731.xsd#mtn_DoubletreeBreckenridgeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_b25a7b51-aa2f-48ba-aebf-ccb02a490cad" xlink:to="loc_mtn_DoubletreeBreckenridgeMember_29f66b4d-2e20-4632-bb28-f6c4621698b9" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementGeographicalAxis_0c1a7e9b-569a-4ca6-afcb-de9d87756be6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementGeographicalAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:to="loc_srt_StatementGeographicalAxis_0c1a7e9b-569a-4ca6-afcb-de9d87756be6" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_0c1a7e9b-569a-4ca6-afcb-de9d87756be6_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementGeographicalAxis_0c1a7e9b-569a-4ca6-afcb-de9d87756be6" xlink:to="loc_srt_SegmentGeographicalDomain_0c1a7e9b-569a-4ca6-afcb-de9d87756be6_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_f5459eda-a95b-4296-a6f2-5c2ebec3a6ed" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementGeographicalAxis_0c1a7e9b-569a-4ca6-afcb-de9d87756be6" xlink:to="loc_srt_SegmentGeographicalDomain_f5459eda-a95b-4296-a6f2-5c2ebec3a6ed" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_country_CA_8847ec41-0343-434a-908e-bfb59482d843" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_CA"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_SegmentGeographicalDomain_f5459eda-a95b-4296-a6f2-5c2ebec3a6ed" xlink:to="loc_country_CA_8847ec41-0343-434a-908e-bfb59482d843" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainRevenueNet_30d18816-5719-4978-939a-bf60bbb53e3b" xlink:href="mtn-20240731.xsd#mtn_MountainRevenueNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_MountainRevenueNet_30d18816-5719-4978-939a-bf60bbb53e3b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingRevenueNet_39621cb1-e8cd-4978-93dc-636e5956a21b" xlink:href="mtn-20240731.xsd#mtn_LodgingRevenueNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_LodgingRevenueNet_39621cb1-e8cd-4978-93dc-636e5956a21b" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortRevenueNet_e2230f34-8cca-4616-addf-2bae2578fe66" xlink:href="mtn-20240731.xsd#mtn_ResortRevenueNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_ResortRevenueNet_e2230f34-8cca-4616-addf-2bae2578fe66" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateRevenue_e66c0d19-8877-4fd9-b632-7db6a3c49986" xlink:href="mtn-20240731.xsd#mtn_RealEstateRevenue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_RealEstateRevenue_e66c0d19-8877-4fd9-b632-7db6a3c49986" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_720c4262-bc40-495b-886c-1810b061ad52" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_Revenues_720c4262-bc40-495b-886c-1810b061ad52" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainExpensesNet_4672f047-34ea-4202-a259-379efc643a3b" xlink:href="mtn-20240731.xsd#mtn_MountainExpensesNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_MountainExpensesNet_4672f047-34ea-4202-a259-379efc643a3b" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingExpensesNet_8f7fbbd9-6dd0-44e6-97f5-970ba2ed5758" xlink:href="mtn-20240731.xsd#mtn_LodgingExpensesNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_LodgingExpensesNet_8f7fbbd9-6dd0-44e6-97f5-970ba2ed5758" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortExpensesNet_ea37dce3-7170-4751-bc8b-e5dd89fea39b" xlink:href="mtn-20240731.xsd#mtn_ResortExpensesNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_ResortExpensesNet_ea37dce3-7170-4751-bc8b-e5dd89fea39b" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateExpense_856a783a-0c11-46d4-b1eb-64c3db335bbe" xlink:href="mtn-20240731.xsd#mtn_RealEstateExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_RealEstateExpense_856a783a-0c11-46d4-b1eb-64c3db335bbe" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCostsExpensesAndCostOfSales_fa413c8a-3625-4a9e-955d-520ab97732a7" xlink:href="mtn-20240731.xsd#mtn_OperatingCostsExpensesAndCostOfSales"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_OperatingCostsExpensesAndCostOfSales_fa413c8a-3625-4a9e-955d-520ab97732a7" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GainOnSaleOfRealProperty_c79b8928-2aea-4040-a965-a0097bceb2ed" xlink:href="mtn-20240731.xsd#mtn_GainOnSaleOfRealProperty"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_GainOnSaleOfRealProperty_c79b8928-2aea-4040-a965-a0097bceb2ed" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainEquityInvestmentIncomeLossNet_0f3788cb-3f2a-4f15-ba33-96ecd81eefb8" xlink:href="mtn-20240731.xsd#mtn_MountainEquityInvestmentIncomeLossNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_MountainEquityInvestmentIncomeLossNet_0f3788cb-3f2a-4f15-ba33-96ecd81eefb8" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_8e0ec46d-3403-4633-88b3-bcddc64fcb41" xlink:href="mtn-20240731.xsd#mtn_EarningBeforeInterestTaxesDepreciationAndAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_8e0ec46d-3403-4633-88b3-bcddc64fcb41" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryRealEstate_83a0870b-a55e-4705-94ba-7ed92785cc88" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryRealEstate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_InventoryRealEstate_83a0870b-a55e-4705-94ba-7ed92785cc88" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_e0964619-30c4-4d3c-a151-73316c2e8b61" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_e0964619-30c4-4d3c-a151-73316c2e8b61" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_d5ed94be-ad32-4c2a-877a-ae3fe8947a46" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_DepreciationAndAmortization_d5ed94be-ad32-4c2a-877a-ae3fe8947a46" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets_3768b0a7-1e87-4b94-b7f0-adbc17fc945c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets_3768b0a7-1e87-4b94-b7f0-adbc17fc945c" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ChangeinFairValueofContingentConsideration_45a0ea5f-bc12-41d6-96da-c8e653f20ad3" xlink:href="mtn-20240731.xsd#mtn_ChangeinFairValueofContingentConsideration"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_ChangeinFairValueofContingentConsideration_45a0ea5f-bc12-41d6-96da-c8e653f20ad3" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_d97a0140-db7e-4446-a798-1bf4cd43050b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_InvestmentIncomeInterest_d97a0140-db7e-4446-a798-1bf4cd43050b" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_e0e9a909-b419-480f-bb51-6de39ddad45c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_e0e9a909-b419-480f-bb51-6de39ddad45c" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_c2723446-a76a-4d3a-9c7c-888ea13ded75" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpense"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_InterestExpense_c2723446-a76a-4d3a-9c7c-888ea13ded75" xlink:type="arc" order="20"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_1e924950-3f55-43c5-abab-c521fd6c0e22" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_1e924950-3f55-43c5-abab-c521fd6c0e22" xlink:type="arc" order="21"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_86edca24-72d3-438c-887c-1cccf9ef6d70" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_ProfitLoss_86edca24-72d3-438c-887c-1cccf9ef6d70" xlink:type="arc" order="22"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_24b711d1-8fd4-43dd-ae43-0c79854daaf2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_24b711d1-8fd4-43dd-ae43-0c79854daaf2" xlink:type="arc" order="23"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_590be5fd-ca62-4974-9b83-de2abb8e74cc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_NetIncomeLoss_590be5fd-ca62-4974-9b83-de2abb8e74cc" xlink:type="arc" order="24"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_295f478a-f871-47b6-a138-a64844818479" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_295f478a-f871-47b6-a138-a64844818479" xlink:type="arc" order="25"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_ae1bb53c-cdae-4769-8f1b-5722dab4c4d1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnSaleOfPropertyPlantEquipment"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_ae1bb53c-cdae-4769-8f1b-5722dab4c4d1" xlink:type="arc" order="26"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SegmentInformationGeographicInformationDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_cba1e145-086b-45ba-9efd-8465ce8d16b4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_cba1e145-086b-45ba-9efd-8465ce8d16b4" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementGeographicalAxis_a8055d9c-e550-4e90-b912-a811eccd908c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementGeographicalAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_srt_StatementGeographicalAxis_a8055d9c-e550-4e90-b912-a811eccd908c" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_a8055d9c-e550-4e90-b912-a811eccd908c_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementGeographicalAxis_a8055d9c-e550-4e90-b912-a811eccd908c" xlink:to="loc_srt_SegmentGeographicalDomain_a8055d9c-e550-4e90-b912-a811eccd908c_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_47146fa9-9187-4bd6-8653-9c2ac4a47761" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementGeographicalAxis_a8055d9c-e550-4e90-b912-a811eccd908c" xlink:to="loc_srt_SegmentGeographicalDomain_47146fa9-9187-4bd6-8653-9c2ac4a47761" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeographicDistributionForeignMember_a70cc664-8877-4a3c-9aee-c9aa40285646" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeographicDistributionForeignMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_SegmentGeographicalDomain_47146fa9-9187-4bd6-8653-9c2ac4a47761" xlink:to="loc_us-gaap_GeographicDistributionForeignMember_a70cc664-8877-4a3c-9aee-c9aa40285646" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeographicDistributionDomesticMember_b9f771b2-d02a-4cac-a5e2-5a842cbbb050" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeographicDistributionDomesticMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_SegmentGeographicalDomain_47146fa9-9187-4bd6-8653-9c2ac4a47761" xlink:to="loc_us-gaap_GeographicDistributionDomesticMember_b9f771b2-d02a-4cac-a5e2-5a842cbbb050" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_country_CA_d78a1456-d70c-42b3-a8da-7807b01b5610" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_CA"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_SegmentGeographicalDomain_47146fa9-9187-4bd6-8653-9c2ac4a47761" xlink:to="loc_country_CA_d78a1456-d70c-42b3-a8da-7807b01b5610" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis_447a0eda-1cb1-46e2-9ed7-53e09ca96edd" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidationItemsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_srt_ConsolidationItemsAxis_447a0eda-1cb1-46e2-9ed7-53e09ca96edd" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_447a0eda-1cb1-46e2-9ed7-53e09ca96edd_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidationItemsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_ConsolidationItemsAxis_447a0eda-1cb1-46e2-9ed7-53e09ca96edd" xlink:to="loc_srt_ConsolidationItemsDomain_447a0eda-1cb1-46e2-9ed7-53e09ca96edd_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_45edcc81-1e81-40a2-afd0-2623d2dde470" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidationItemsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_ConsolidationItemsAxis_447a0eda-1cb1-46e2-9ed7-53e09ca96edd" xlink:to="loc_srt_ConsolidationItemsDomain_45edcc81-1e81-40a2-afd0-2623d2dde470" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_4fd2ee65-6c64-48e1-b350-c384ab5f0552" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_4fd2ee65-6c64-48e1-b350-c384ab5f0552" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_4fd2ee65-6c64-48e1-b350-c384ab5f0552_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_4fd2ee65-6c64-48e1-b350-c384ab5f0552" xlink:to="loc_us-gaap_SegmentDomain_4fd2ee65-6c64-48e1-b350-c384ab5f0552_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_a4a1140c-789c-4d74-872d-8cc28b999af7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_4fd2ee65-6c64-48e1-b350-c384ab5f0552" xlink:to="loc_us-gaap_SegmentDomain_a4a1140c-789c-4d74-872d-8cc28b999af7" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsAxis_98a60f64-448c-4250-8625-dda79d388407" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_us-gaap_SubsegmentsAxis_98a60f64-448c-4250-8625-dda79d388407" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsDomain_98a60f64-448c-4250-8625-dda79d388407_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_SubsegmentsAxis_98a60f64-448c-4250-8625-dda79d388407" xlink:to="loc_us-gaap_SubsegmentsDomain_98a60f64-448c-4250-8625-dda79d388407_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsDomain_715db368-a623-4ca2-9ada-a2711a2e85e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_SubsegmentsAxis_98a60f64-448c-4250-8625-dda79d388407" xlink:to="loc_us-gaap_SubsegmentsDomain_715db368-a623-4ca2-9ada-a2711a2e85e8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsConsolidationItemsAxis_eaa0519e-3852-4031-929d-efeb5e9b99ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsConsolidationItemsAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_us-gaap_SubsegmentsConsolidationItemsAxis_eaa0519e-3852-4031-929d-efeb5e9b99ce" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsConsolidationItemsDomain_eaa0519e-3852-4031-929d-efeb5e9b99ce_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsConsolidationItemsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_SubsegmentsConsolidationItemsAxis_eaa0519e-3852-4031-929d-efeb5e9b99ce" xlink:to="loc_us-gaap_SubsegmentsConsolidationItemsDomain_eaa0519e-3852-4031-929d-efeb5e9b99ce_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsConsolidationItemsDomain_c6cfbdf2-cb17-4cea-b3ae-eeefdbf3fc4f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsConsolidationItemsDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_SubsegmentsConsolidationItemsAxis_eaa0519e-3852-4031-929d-efeb5e9b99ce" xlink:to="loc_us-gaap_SubsegmentsConsolidationItemsDomain_c6cfbdf2-cb17-4cea-b3ae-eeefdbf3fc4f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_a035316c-0071-4b1a-9255-52d75dac1ef2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_cba1e145-086b-45ba-9efd-8465ce8d16b4" xlink:to="loc_us-gaap_Revenues_a035316c-0071-4b1a-9255-52d75dac1ef2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncurrentAssets_5efe6b10-0a12-4bfd-81af-4d3f15a684ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncurrentAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_cba1e145-086b-45ba-9efd-8465ce8d16b4" xlink:to="loc_us-gaap_NoncurrentAssets_5efe6b10-0a12-4bfd-81af-4d3f15a684ce" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems_80775b3d-fd17-47a9-931d-f21a60279bb5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable_d5a910e6-3c72-4244-a8c1-ecfb020fc9ab" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems_80775b3d-fd17-47a9-931d-f21a60279bb5" xlink:to="loc_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable_d5a910e6-3c72-4244-a8c1-ecfb020fc9ab" xlink:type="arc" order="2" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementGeographicalAxis_dc449d95-4fae-42f5-b073-5dbec0721a04" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementGeographicalAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable_d5a910e6-3c72-4244-a8c1-ecfb020fc9ab" xlink:to="loc_srt_StatementGeographicalAxis_dc449d95-4fae-42f5-b073-5dbec0721a04" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_dc449d95-4fae-42f5-b073-5dbec0721a04_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_218cae44-300a-4447-9c16-cefbd9f9734e" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeographicDistributionDomesticMember_d2f6a837-7d6b-40c4-985e-738eae474005" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeographicDistributionDomesticMember"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeographicDistributionForeignMember_8ac79e89-ac2d-453d-92b6-81e3f44ee19a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeographicDistributionForeignMember"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncurrentAssets_2c5bb131-7b50-4107-b0b7-afbe0ff88326" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncurrentAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems_80775b3d-fd17-47a9-931d-f21a60279bb5" xlink:to="loc_us-gaap_NoncurrentAssets_2c5bb131-7b50-4107-b0b7-afbe0ff88326" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EntityWideRevenueMajorCustomerLineItems_ac8c0cac-f594-468c-bbc4-dedcb5b98124" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EntityWideRevenueMajorCustomerLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable_673ec4f3-8a9c-4bd0-9665-75993e000f9e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_EntityWideRevenueMajorCustomerLineItems_ac8c0cac-f594-468c-bbc4-dedcb5b98124" xlink:to="loc_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable_673ec4f3-8a9c-4bd0-9665-75993e000f9e" xlink:type="arc" order="3" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementGeographicalAxis_eef62f3d-d2f7-4f87-92d9-71394eafab96" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementGeographicalAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable_673ec4f3-8a9c-4bd0-9665-75993e000f9e" xlink:to="loc_srt_StatementGeographicalAxis_eef62f3d-d2f7-4f87-92d9-71394eafab96" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_eef62f3d-d2f7-4f87-92d9-71394eafab96_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_0fceb07e-2cd4-4771-8fef-38618240c436" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:loc xlink:type="locator" xlink:label="loc_country_CA_97360f4e-44ef-44f6-9deb-1ecf91bc2048" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_CA"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncurrentAssets_c213404c-d14b-4d61-bcd3-f205cb067ff1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncurrentAssets"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EntityWideRevenueMajorCustomerLineItems_ac8c0cac-f594-468c-bbc4-dedcb5b98124" xlink:to="loc_us-gaap_NoncurrentAssets_c213404c-d14b-4d61-bcd3-f205cb067ff1" xlink:type="arc" order="0"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockRepurchasePlanDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockRepurchasePlanDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/StockRepurchasePlanDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesTable_f4319eee-29ba-48f6-ac9e-4f21349f3973" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_us-gaap_AcceleratedShareRepurchasesTable_f4319eee-29ba-48f6-ac9e-4f21349f3973" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesDateAxis_d5fbf17f-31c4-4063-9c6f-25a5326061b5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesDateAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesTable_f4319eee-29ba-48f6-ac9e-4f21349f3973" xlink:to="loc_us-gaap_AcceleratedShareRepurchasesDateAxis_d5fbf17f-31c4-4063-9c6f-25a5326061b5" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesDateDomain_d5fbf17f-31c4-4063-9c6f-25a5326061b5_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesDateDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesDateAxis_d5fbf17f-31c4-4063-9c6f-25a5326061b5" xlink:to="loc_us-gaap_AcceleratedShareRepurchasesDateDomain_d5fbf17f-31c4-4063-9c6f-25a5326061b5_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesDateDomain_af5d52db-f908-4194-a7ef-1a19ce564380" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesDateDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesDateAxis_d5fbf17f-31c4-4063-9c6f-25a5326061b5" xlink:to="loc_us-gaap_AcceleratedShareRepurchasesDateDomain_af5d52db-f908-4194-a7ef-1a19ce564380" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_e5426109-31bf-456d-ade7-3bc221346ab8" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesTable_f4319eee-29ba-48f6-ac9e-4f21349f3973" xlink:to="loc_srt_StatementScenarioAxis_e5426109-31bf-456d-ade7-3bc221346ab8" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_e5426109-31bf-456d-ade7-3bc221346ab8_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementScenarioAxis_e5426109-31bf-456d-ade7-3bc221346ab8" xlink:to="loc_srt_ScenarioUnspecifiedDomain_e5426109-31bf-456d-ade7-3bc221346ab8_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_046f88d1-e874-44b4-bfa0-c180f4c34364" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementScenarioAxis_e5426109-31bf-456d-ade7-3bc221346ab8" xlink:to="loc_srt_ScenarioUnspecifiedDomain_046f88d1-e874-44b4-bfa0-c180f4c34364" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_d0fc763d-e3e9-498d-9f69-97ea7a952fa6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ScenarioUnspecifiedDomain_046f88d1-e874-44b4-bfa0-c180f4c34364" xlink:to="loc_srt_ScenarioForecastMember_d0fc763d-e3e9-498d-9f69-97ea7a952fa6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockSharesAcquired_bd5dd369-c4cf-4e9c-9fc3-48379a3e0f93" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockSharesAcquired"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_us-gaap_TreasuryStockSharesAcquired_bd5dd369-c4cf-4e9c-9fc3-48379a3e0f93" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonShares_99a4d902-e0b4-485e-af93-6f59b5c2f88e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonShares"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_us-gaap_TreasuryStockCommonShares_99a4d902-e0b4-485e-af93-6f59b5c2f88e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_d729f4b5-ebd2-4ce2-a1a9-70184d7c3298" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_d729f4b5-ebd2-4ce2-a1a9-70184d7c3298" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased_d81df1f2-9e90-468c-8938-9d7d2cf6b1cd" xlink:href="mtn-20240731.xsd#mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased_d81df1f2-9e90-468c-8938-9d7d2cf6b1cd" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_8825fb3b-e492-41bc-a86f-8537a9711d8c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_8825fb3b-e492-41bc-a86f-8537a9711d8c" xlink:type="arc" order="4"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlanNarrativeDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_b22d6d83-72d1-40fd-a4ea-9fc1019cc190" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:to="loc_srt_RangeAxis_b22d6d83-72d1-40fd-a4ea-9fc1019cc190" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_b22d6d83-72d1-40fd-a4ea-9fc1019cc190_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_b22d6d83-72d1-40fd-a4ea-9fc1019cc190" xlink:to="loc_srt_RangeMember_b22d6d83-72d1-40fd-a4ea-9fc1019cc190_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_e814d78c-0337-4ca1-83c8-b4af925af243" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_b22d6d83-72d1-40fd-a4ea-9fc1019cc190" xlink:to="loc_srt_RangeMember_e814d78c-0337-4ca1-83c8-b4af925af243" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_331032ef-a6c5-48e6-8fcc-464c84a57c8a" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_e814d78c-0337-4ca1-83c8-b4af925af243" xlink:to="loc_srt_MaximumMember_331032ef-a6c5-48e6-8fcc-464c84a57c8a" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_11757937-29c4-4d07-a2b8-76bc760a1bb8" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_e814d78c-0337-4ca1-83c8-b4af925af243" xlink:to="loc_srt_MinimumMember_11757937-29c4-4d07-a2b8-76bc760a1bb8" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseAxis_5c0f2332-6e9c-4d10-83e4-56ef8124df3e" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:to="loc_mtn_UnrecognizedCompensationExpenseAxis_5c0f2332-6e9c-4d10-83e4-56ef8124df3e" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseDomain_5c0f2332-6e9c-4d10-83e4-56ef8124df3e_default" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_mtn_UnrecognizedCompensationExpenseAxis_5c0f2332-6e9c-4d10-83e4-56ef8124df3e" xlink:to="loc_mtn_UnrecognizedCompensationExpenseDomain_5c0f2332-6e9c-4d10-83e4-56ef8124df3e_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseDomain_3a5e6172-8176-41db-a234-c4269fef6f46" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_mtn_UnrecognizedCompensationExpenseAxis_5c0f2332-6e9c-4d10-83e4-56ef8124df3e" xlink:to="loc_mtn_UnrecognizedCompensationExpenseDomain_3a5e6172-8176-41db-a234-c4269fef6f46" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ExpectedToBeRecognizedInOneYearMember_1e97d344-0a71-4fcf-9ed3-a4b47e2ad1a7" xlink:href="mtn-20240731.xsd#mtn_ExpectedToBeRecognizedInOneYearMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_mtn_UnrecognizedCompensationExpenseDomain_3a5e6172-8176-41db-a234-c4269fef6f46" xlink:to="loc_mtn_ExpectedToBeRecognizedInOneYearMember_1e97d344-0a71-4fcf-9ed3-a4b47e2ad1a7" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_e5e6e3ca-6cc5-4604-abd9-40ea34f78f50" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:to="loc_srt_StatementScenarioAxis_e5e6e3ca-6cc5-4604-abd9-40ea34f78f50" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_e5e6e3ca-6cc5-4604-abd9-40ea34f78f50_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_StatementScenarioAxis_e5e6e3ca-6cc5-4604-abd9-40ea34f78f50" xlink:to="loc_srt_ScenarioUnspecifiedDomain_e5e6e3ca-6cc5-4604-abd9-40ea34f78f50_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_7333f0e6-5b9a-4343-96f4-41e5b2e5e34f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_StatementScenarioAxis_e5e6e3ca-6cc5-4604-abd9-40ea34f78f50" xlink:to="loc_srt_ScenarioUnspecifiedDomain_7333f0e6-5b9a-4343-96f4-41e5b2e5e34f" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_9d1ee6a3-59d4-4d40-b505-3987c992bdc6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_ScenarioUnspecifiedDomain_7333f0e6-5b9a-4343-96f4-41e5b2e5e34f" xlink:to="loc_srt_ScenarioForecastMember_9d1ee6a3-59d4-4d40-b505-3987c992bdc6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_0f987c39-43d0-464e-ae34-2e73f90a55c3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AwardTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:to="loc_us-gaap_AwardTypeAxis_0f987c39-43d0-464e-ae34-2e73f90a55c3" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_0f987c39-43d0-464e-ae34-2e73f90a55c3_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AwardTypeAxis_0f987c39-43d0-464e-ae34-2e73f90a55c3" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_0f987c39-43d0-464e-ae34-2e73f90a55c3_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ab4dc4ee-f687-48d2-bdbb-3c7f11eb5bab" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AwardTypeAxis_0f987c39-43d0-464e-ae34-2e73f90a55c3" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ab4dc4ee-f687-48d2-bdbb-3c7f11eb5bab" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockAppreciationRightsSARSMember_a2ec66f2-9723-4094-ae1f-b5cf4a3c8605" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockAppreciationRightsSARSMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ab4dc4ee-f687-48d2-bdbb-3c7f11eb5bab" xlink:to="loc_us-gaap_StockAppreciationRightsSARSMember_a2ec66f2-9723-4094-ae1f-b5cf4a3c8605" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RestrictedStockUnitsRsusMember_6707fe4c-3540-469f-868f-58c82b98b0d4" xlink:href="mtn-20240731.xsd#mtn_RestrictedStockUnitsRsusMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ab4dc4ee-f687-48d2-bdbb-3c7f11eb5bab" xlink:to="loc_mtn_RestrictedStockUnitsRsusMember_6707fe4c-3540-469f-868f-58c82b98b0d4" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_0e2f4812-44e4-4ec8-97e5-b7b5ea2c4111" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_0e2f4812-44e4-4ec8-97e5-b7b5ea2c4111" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_a30b3ae0-5835-4ee2-9690-08c85a6d7471" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_a30b3ae0-5835-4ee2-9690-08c85a6d7471" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_07362caa-c0e2-4941-b1df-5fe80ae52fa1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_07362caa-c0e2-4941-b1df-5fe80ae52fa1" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_726340e2-7639-43da-899d-f4b1b21d0f5f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_726340e2-7639-43da-899d-f4b1b21d0f5f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_20317ba2-e72d-4c9d-b087-2504b427884e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_20317ba2-e72d-4c9d-b087-2504b427884e" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_ee4fa734-4905-4cfa-b158-41bf1f0e525d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_ee4fa734-4905-4cfa-b158-41bf1f0e525d" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_daec9f60-1668-4353-a992-7702c13938ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_daec9f60-1668-4353-a992-7702c13938ac" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c4b3d960-f7fd-49ce-bac0-183c9424a389" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c4b3d960-f7fd-49ce-bac0-183c9424a389" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_87411080-fdde-48f9-813f-b86daf73716a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_87411080-fdde-48f9-813f-b86daf73716a" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_5cb753f2-e1cc-43d2-b600-81d8753ef389" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_5cb753f2-e1cc-43d2-b600-81d8753ef389" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_de91e967-759d-4dcf-80e0-c7cb72f2a9d0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_de91e967-759d-4dcf-80e0-c7cb72f2a9d0" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions_06ccb911-248c-471d-aecd-77640c61850f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions_06ccb911-248c-471d-aecd-77640c61850f" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_f5d2a5de-6828-4dd8-a607-5ae7fff0b3ee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_f5d2a5de-6828-4dd8-a607-5ae7fff0b3ee" xlink:type="arc" order="12"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_9e8fbf8b-cb5d-4b9c-b5be-7de438349edf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_9e8fbf8b-cb5d-4b9c-b5be-7de438349edf" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_099f68a8-8c22-4e95-ae2a-277e7fcfae96" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_9e8fbf8b-cb5d-4b9c-b5be-7de438349edf" xlink:to="loc_srt_RangeAxis_099f68a8-8c22-4e95-ae2a-277e7fcfae96" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_099f68a8-8c22-4e95-ae2a-277e7fcfae96_default" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_srt_RangeAxis_099f68a8-8c22-4e95-ae2a-277e7fcfae96" xlink:to="loc_srt_RangeMember_099f68a8-8c22-4e95-ae2a-277e7fcfae96_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_df7d8ad1-9936-4522-83fc-5764a29f3518" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srt_RangeAxis_099f68a8-8c22-4e95-ae2a-277e7fcfae96" xlink:to="loc_srt_RangeMember_df7d8ad1-9936-4522-83fc-5764a29f3518" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_24d7937c-c9a0-450d-b78f-a4b8731039d5" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_df7d8ad1-9936-4522-83fc-5764a29f3518" xlink:to="loc_srt_MinimumMember_24d7937c-c9a0-450d-b78f-a4b8731039d5" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_e23a7162-0225-4f58-ba37-82f0e4fd956e" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srt_RangeMember_df7d8ad1-9936-4522-83fc-5764a29f3518" xlink:to="loc_srt_MaximumMember_e23a7162-0225-4f58-ba37-82f0e4fd956e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_393958da-6bc2-4bdf-b29a-5075983990ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_393958da-6bc2-4bdf-b29a-5075983990ac" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_7484224a-cfa6-49f6-8e91-561871ed8478" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_7484224a-cfa6-49f6-8e91-561871ed8478" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_b7328941-2d20-4006-a8eb-e3259e44756d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_b7328941-2d20-4006-a8eb-e3259e44756d" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum_b66cdc92-bb2e-4d1c-8b3f-58a65e1771bc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum_b66cdc92-bb2e-4d1c-8b3f-58a65e1771bc" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum_0585a026-e12e-41da-842b-dfca9d57f772" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum_0585a026-e12e-41da-842b-dfca9d57f772" xlink:type="arc" order="4"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_af78992c-b97e-40cf-abd7-9442808ff6d8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_af78992c-b97e-40cf-abd7-9442808ff6d8" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_b2357fcf-17af-441c-b8cc-c9c521656bfe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AwardTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_af78992c-b97e-40cf-abd7-9442808ff6d8" xlink:to="loc_us-gaap_AwardTypeAxis_b2357fcf-17af-441c-b8cc-c9c521656bfe" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_b2357fcf-17af-441c-b8cc-c9c521656bfe_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AwardTypeAxis_b2357fcf-17af-441c-b8cc-c9c521656bfe" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_b2357fcf-17af-441c-b8cc-c9c521656bfe_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_2ba42c12-e792-44c7-b34a-a71c32573418" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AwardTypeAxis_b2357fcf-17af-441c-b8cc-c9c521656bfe" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_2ba42c12-e792-44c7-b34a-a71c32573418" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockAppreciationRightsSARSMember_c820ff33-543a-49b3-8268-7bbc6985a9d2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockAppreciationRightsSARSMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_2ba42c12-e792-44c7-b34a-a71c32573418" xlink:to="loc_us-gaap_StockAppreciationRightsSARSMember_c820ff33-543a-49b3-8268-7bbc6985a9d2" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_36306267-beb6-48e3-b4bd-bd58e4adb38b" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_36306267-beb6-48e3-b4bd-bd58e4adb38b" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod_a040ca67-505c-49eb-8075-63d49f0e9c0e" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod_a040ca67-505c-49eb-8075-63d49f0e9c0e" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod_78e21f88-940b-4f43-9121-1d7b90013aa3" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsVestedInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod_78e21f88-940b-4f43-9121-1d7b90013aa3" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod_f3238988-e738-4ddc-830a-065af8d5ab05" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod_f3238988-e738-4ddc-830a-065af8d5ab05" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_fe554eab-7ed0-4be3-9311-35d3744a13d3" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_fe554eab-7ed0-4be3-9311-35d3744a13d3" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue_518a736c-205c-4f00-8580-3275cf1d0d20" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue_518a736c-205c-4f00-8580-3275cf1d0d20" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue_bbae1429-d032-44f6-aa56-ba5669fd09fd" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue_bbae1429-d032-44f6-aa56-ba5669fd09fd" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue_975c72da-6403-42d5-a267-abd30f80f2e1" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue_975c72da-6403-42d5-a267-abd30f80f2e1" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_53818ef7-5329-4e88-8c65-1c887e367c25" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue"/>
  </link:definitionLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"/>
  <link:definitionLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_528fab13-bacc-4bc9-97eb-05c49fbf1df3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_528fab13-bacc-4bc9-97eb-05c49fbf1df3" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_875fa497-2b38-43f7-9a81-00e80b2c5245" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AwardTypeAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_528fab13-bacc-4bc9-97eb-05c49fbf1df3" xlink:to="loc_us-gaap_AwardTypeAxis_875fa497-2b38-43f7-9a81-00e80b2c5245" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_875fa497-2b38-43f7-9a81-00e80b2c5245_default" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AwardTypeAxis_875fa497-2b38-43f7-9a81-00e80b2c5245" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_875fa497-2b38-43f7-9a81-00e80b2c5245_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_f7f2c438-3820-47b3-9d08-ac2ecbafa640" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AwardTypeAxis_875fa497-2b38-43f7-9a81-00e80b2c5245" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_f7f2c438-3820-47b3-9d08-ac2ecbafa640" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RestrictedStockUnitsRsusMember_0f6b84ca-312b-4cbd-8814-8808cd5576e6" xlink:href="mtn-20240731.xsd#mtn_RestrictedStockUnitsRsusMember"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_f7f2c438-3820-47b3-9d08-ac2ecbafa640" xlink:to="loc_mtn_RestrictedStockUnitsRsusMember_0f6b84ca-312b-4cbd-8814-8808cd5576e6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_30bc7574-4571-4fdc-a422-e67d2aca5ed6" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_30bc7574-4571-4fdc-a422-e67d2aca5ed6" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod_d2d1b198-63fb-4c6e-8e6e-3da9dd33434d" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod_d2d1b198-63fb-4c6e-8e6e-3da9dd33434d" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod_e436536a-11d7-49c2-88e1-77acbc0255ce" xlink:href="mtn-20240731.xsd#mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod_e436536a-11d7-49c2-88e1-77acbc0255ce" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod_eda30811-37a4-4666-b4f8-3c55149867b9" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod_eda30811-37a4-4666-b4f8-3c55149867b9" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_a4fd9c90-13d4-4489-8fff-9902636956a7" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_05435fc0-eeb2-4cdc-aa55-320334683240" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_05435fc0-eeb2-4cdc-aa55-320334683240" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue_b61b4588-9549-4b72-a6a1-45c3f9151210" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue_b61b4588-9549-4b72-a6a1-45c3f9151210" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue_28f849e4-358e-4f9e-878e-7e3ae88a3c3d" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue_28f849e4-358e-4f9e-878e-7e3ae88a3c3d" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue_0e326aad-2813-4c32-85f7-faed6bf00a8c" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue_0e326aad-2813-4c32-85f7-faed6bf00a8c" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_60f94d41-0be3-49dd-9fe0-59196e90c462" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue"/>
  </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>12
<FILENAME>mtn-20240731_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:d5f9b4a5-ad73-4cf5-9885-aa2f84d9088e,g:b05a5fc7-e025-4429-99bf-42c2b1aa630e-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_mtn_LandAndLandImprovementsGross_2a453a72-6ca4-4020-ba2c-2c4d8f59c528_terseLabel_en-US" xlink:label="lab_mtn_LandAndLandImprovementsGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Land and land improvements</link:label>
    <link:label id="lab_mtn_LandAndLandImprovementsGross_label_en-US" xlink:label="lab_mtn_LandAndLandImprovementsGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Land And Land Improvements Gross</link:label>
    <link:label id="lab_mtn_LandAndLandImprovementsGross_documentation_en-US" xlink:label="lab_mtn_LandAndLandImprovementsGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross amount, as of the balance sheet date, of real estate held for productive use. This excludes land held for sale and alterations to land which improves its potential for use. Generally consisting of items having limited lives, such as walkways, driveways, fences, and parking lots, such improvements are depreciated over the useful lives of the subject assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LandAndLandImprovementsGross" xlink:href="mtn-20240731.xsd#mtn_LandAndLandImprovementsGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LandAndLandImprovementsGross" xlink:to="lab_mtn_LandAndLandImprovementsGross" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_a8109d03-ac02-4c19-91b4-454e4ac6f7f4_verboseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price, forfeited or expired (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Forfeitures And Expirations In Period Weighted Average Exercise Price</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The combined weighted average exercise price associated with stock options and stock appreciation rights during the period that have either lapsed or been forfeited.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockAppreciationRightsSARSMember_965ea743-637a-4f52-b8ab-b2361b043e64_terseLabel_en-US" xlink:label="lab_us-gaap_StockAppreciationRightsSARSMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Appreciation Rights (SARs) [Member]</link:label>
    <link:label id="lab_us-gaap_StockAppreciationRightsSARSMember_label_en-US" xlink:label="lab_us-gaap_StockAppreciationRightsSARSMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Appreciation Rights (SARs) [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockAppreciationRightsSARSMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockAppreciationRightsSARSMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockAppreciationRightsSARSMember" xlink:to="lab_us-gaap_StockAppreciationRightsSARSMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_BusinessCombinationDeposits_c1cc4860-e5ce-4c64-b609-0065e24d5abc_negatedTerseLabel_en-US" xlink:label="lab_mtn_BusinessCombinationDeposits" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deposit returned (paid) for acquisition of business</link:label>
    <link:label id="lab_mtn_BusinessCombinationDeposits_b5a23536-fd83-4e0d-8e85-2c6c3e045081_terseLabel_en-US" xlink:label="lab_mtn_BusinessCombinationDeposits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Payments to Acquire Businesses1</link:label>
    <link:label id="lab_mtn_BusinessCombinationDeposits_label_en-US" xlink:label="lab_mtn_BusinessCombinationDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Deposits</link:label>
    <link:label id="lab_mtn_BusinessCombinationDeposits_documentation_en-US" xlink:label="lab_mtn_BusinessCombinationDeposits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Combination, Deposits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BusinessCombinationDeposits" xlink:href="mtn-20240731.xsd#mtn_BusinessCombinationDeposits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_BusinessCombinationDeposits" xlink:to="lab_mtn_BusinessCombinationDeposits" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_80a84f33-d514-44b6-b320-e31f7fdd115e_negatedLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net income attributable to noncontrolling interests</link:label>
    <link:label id="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_c224a6b3-16b8-4163-9419-6224b28aacfd_terseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net Income (Loss) Attributable to Noncontrolling Interest</link:label>
    <link:label id="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_label_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income (Loss) Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:to="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredChargesPolicyTextBlock_8d6e6cb4-cd68-47cd-b115-189dbc6adc9e_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredChargesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Financing Costs</link:label>
    <link:label id="lab_us-gaap_DeferredChargesPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_DeferredChargesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Charges, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredChargesPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredChargesPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredChargesPolicyTextBlock" xlink:to="lab_us-gaap_DeferredChargesPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityVoluntaryFilers_f784390a-b30a-4bfe-af34-44d47e500b0d_terseLabel_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:label id="lab_dei_EntityVoluntaryFilers_label_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityVoluntaryFilers" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityVoluntaryFilers" xlink:to="lab_dei_EntityVoluntaryFilers" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_FederalOfficeOfTransportConcession1Member_fff636b8-5d58-4ac1-b81c-161444ac9f55_terseLabel_en-US" xlink:label="lab_mtn_FederalOfficeOfTransportConcession1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Federal Office of Transport Concession1</link:label>
    <link:label id="lab_mtn_FederalOfficeOfTransportConcession1Member_label_en-US" xlink:label="lab_mtn_FederalOfficeOfTransportConcession1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Federal Office of Transport Concession1 [Member]</link:label>
    <link:label id="lab_mtn_FederalOfficeOfTransportConcession1Member_documentation_en-US" xlink:label="lab_mtn_FederalOfficeOfTransportConcession1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Federal Office of Transport Concession1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FederalOfficeOfTransportConcession1Member" xlink:href="mtn-20240731.xsd#mtn_FederalOfficeOfTransportConcession1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_FederalOfficeOfTransportConcession1Member" xlink:to="lab_mtn_FederalOfficeOfTransportConcession1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeMember_24555a2f-9f08-4cf4-a6e5-50295d4eeb93_terseLabel_en-US" xlink:label="lab_srt_RangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:label id="lab_srt_RangeMember_label_en-US" xlink:label="lab_srt_RangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeMember" xlink:to="lab_srt_RangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_5f213acd-76e8-4fc1-90e1-334d80004760_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization_93bf9113-dbc5-41e5-874e-edcb92a1e9c6_negatedLabel_en-US" xlink:label="lab_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Accumulated amortization</link:label>
    <link:label id="lab_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization_label_en-US" xlink:label="lab_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indefinite-Lived Intangible Assets, Accumulated Amortization</link:label>
    <link:label id="lab_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization_documentation_en-US" xlink:label="lab_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indefinite-Lived Intangible Assets, Accumulated Amortization</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:href="mtn-20240731.xsd#mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:to="lab_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_93da4228-57f6-4938-abf9-f8b4563a90bb_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in assets and liabilities, net of effects of acquisitions:</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Operating Capital [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_5c923e35-153b-4d82-a9d5-c52e24c7a18b_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period</link:label>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_label_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:to="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1_f4a1d3bc-418b-462b-872f-855e9a56dee8_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Threshold Consecutive Trading Days</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Threshold Consecutive Trading Days</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1" xlink:to="lab_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths_197c3aba-fd6d-4b78-9ba8-0a1f61339b59_terseLabel_en-US" xlink:label="lab_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employment period (in months)</link:label>
    <link:label id="lab_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths_label_en-US" xlink:label="lab_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan Individual Requisite Employment Period In Months</link:label>
    <link:label id="lab_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths_documentation_en-US" xlink:label="lab_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Requisite Employment Period in Months to be eligible for the Company's matching contributions if 1,000 service hours are worked.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths" xlink:href="mtn-20240731.xsd#mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths" xlink:to="lab_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_550ca384-28db-46b7-99c3-c8229d5845f2_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Award Type [Domain]</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Award Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract_c4e6a78c-c7e0-4842-ac46-bb0feee3530c_terseLabel_en-US" xlink:label="lab_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Presentation of Net Deferred Tax Liabilities and Assets [Abstract]</link:label>
    <link:label id="lab_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract_label_en-US" xlink:label="lab_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Presentation of Net Deferred Tax Liabilities and Assets [Abstract]</link:label>
    <link:label id="lab_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract_documentation_en-US" xlink:label="lab_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Presentation of Net Deferred Tax Liabilities and Assets [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract" xlink:href="mtn-20240731.xsd#mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract" xlink:to="lab_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RepaymentsofWhistlerCreditAgreementrevolver_0ac60e35-8a80-4333-a284-95ec6bb5a4c8_negatedTerseLabel_en-US" xlink:label="lab_mtn_RepaymentsofWhistlerCreditAgreementrevolver" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayments of borrowings under Whistler Credit Agreement</link:label>
    <link:label id="lab_mtn_RepaymentsofWhistlerCreditAgreementrevolver_label_en-US" xlink:label="lab_mtn_RepaymentsofWhistlerCreditAgreementrevolver" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of Whistler Credit Agreement revolver</link:label>
    <link:label id="lab_mtn_RepaymentsofWhistlerCreditAgreementrevolver_documentation_en-US" xlink:label="lab_mtn_RepaymentsofWhistlerCreditAgreementrevolver" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repayments of Whistler Credit Agreement revolver</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsofWhistlerCreditAgreementrevolver" xlink:href="mtn-20240731.xsd#mtn_RepaymentsofWhistlerCreditAgreementrevolver"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RepaymentsofWhistlerCreditAgreementrevolver" xlink:to="lab_mtn_RepaymentsofWhistlerCreditAgreementrevolver" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1_ec96f5fc-d1da-4002-a69f-0b09a8a1fc37_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in estimated fair value of hedging instruments, net of tax</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Fair Value of Interest Rate Fair Value Hedging Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1" xlink:to="lab_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RestrictedStockUnitsRsusMember_036adaae-d092-4188-8cfe-29ede2346094_terseLabel_en-US" xlink:label="lab_mtn_RestrictedStockUnitsRsusMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted Stock Units (RSUs) [Member]</link:label>
    <link:label id="lab_mtn_RestrictedStockUnitsRsusMember_label_en-US" xlink:label="lab_mtn_RestrictedStockUnitsRsusMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Stock Units (RSUs) [Member]</link:label>
    <link:label id="lab_mtn_RestrictedStockUnitsRsusMember_documentation_en-US" xlink:label="lab_mtn_RestrictedStockUnitsRsusMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Restricted stock units (RSUs) as awarded by a company to their employees as a form of incentive compensation.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RestrictedStockUnitsRsusMember" xlink:href="mtn-20240731.xsd#mtn_RestrictedStockUnitsRsusMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RestrictedStockUnitsRsusMember" xlink:to="lab_mtn_RestrictedStockUnitsRsusMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ExpectedToBeRecognizedInOneYearMember_d469c6dc-0d85-4ad4-9901-dfa31777ae55_terseLabel_en-US" xlink:label="lab_mtn_ExpectedToBeRecognizedInOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected to be Recognized in One Year [Member]</link:label>
    <link:label id="lab_mtn_ExpectedToBeRecognizedInOneYearMember_label_en-US" xlink:label="lab_mtn_ExpectedToBeRecognizedInOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected to be Recognized in One Year [Member]</link:label>
    <link:label id="lab_mtn_ExpectedToBeRecognizedInOneYearMember_documentation_en-US" xlink:label="lab_mtn_ExpectedToBeRecognizedInOneYearMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expected to be Recognized in One Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ExpectedToBeRecognizedInOneYearMember" xlink:href="mtn-20240731.xsd#mtn_ExpectedToBeRecognizedInOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ExpectedToBeRecognizedInOneYearMember" xlink:to="lab_mtn_ExpectedToBeRecognizedInOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtDisclosureTextBlock_33aa33a0-e06a-4d53-8020-070e2b3e97ed_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt</link:label>
    <link:label id="lab_us-gaap_DebtDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtDisclosureTextBlock" xlink:to="lab_us-gaap_DebtDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementOfStockholdersEquityAbstract_7d0fd6bf-addf-4b28-8ab1-0ca64546576f_terseLabel_en-US" xlink:label="lab_us-gaap_StatementOfStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of Stockholders' Equity [Abstract]</link:label>
    <link:label id="lab_us-gaap_StatementOfStockholdersEquityAbstract_label_en-US" xlink:label="lab_us-gaap_StatementOfStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Stockholders' Equity [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="lab_us-gaap_StatementOfStockholdersEquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_75327f36-ab86-4630-96d4-baef6099b8ab_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription_55c2198e-2b11-45e5-a1f9-a223f06a6d5c_terseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Adverse Change in Other Assumption, Description</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Adverse Change in Other Assumption, Description</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DoubletreeBreckenridgeMember_b389b5d0-70f7-4c4d-9ce0-8dd02b662dbf_terseLabel_en-US" xlink:label="lab_mtn_DoubletreeBreckenridgeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Doubletree Breckenridge</link:label>
    <link:label id="lab_mtn_DoubletreeBreckenridgeMember_label_en-US" xlink:label="lab_mtn_DoubletreeBreckenridgeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Doubletree Breckenridge [Member]</link:label>
    <link:label id="lab_mtn_DoubletreeBreckenridgeMember_documentation_en-US" xlink:label="lab_mtn_DoubletreeBreckenridgeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Doubletree Breckenridge</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DoubletreeBreckenridgeMember" xlink:href="mtn-20240731.xsd#mtn_DoubletreeBreckenridgeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DoubletreeBreckenridgeMember" xlink:to="lab_mtn_DoubletreeBreckenridgeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_07f4d32e-862e-4177-abbc-1acec4b32cd1_terseLabel_en-US" xlink:label="lab_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effect of exchange rate changes on cash, cash equivalents and restricted cash</link:label>
    <link:label id="lab_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_label_en-US" xlink:label="lab_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="lab_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_e397d040-caa5-49f9-90ab-25c6e341b979_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reference for interest rate determination</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Description of Variable Rate Basis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:to="lab_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet_bd93080c-a57a-4a12-857a-449ae3a46844_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income taxes, net (Note 10)</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet_9dff94e3-9711-4574-a093-4d40aa0e5bff_verboseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Net, Noncurrent</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet_label_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Liabilities, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:to="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SegmentReportingAbstract_6d6dd11e-052b-40c5-b3fd-e1817988baaf_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment Reporting [Abstract]</link:label>
    <link:label id="lab_us-gaap_SegmentReportingAbstract_label_en-US" xlink:label="lab_us-gaap_SegmentReportingAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingAbstract" xlink:to="lab_us-gaap_SegmentReportingAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_bc8fa12e-df1e-4615-99f1-efe600568551_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">At U.S. federal income tax rate</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod_11f96ae2-c5d5-4796-9565-0e9b6ecfbecb_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Awards, granted (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement Restricted Stock Units Granted In Period</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net number of restricted share units granted during the period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod" xlink:to="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_e05598d4-bd7a-41cd-b113-1c877dc1c456_verboseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Commitments and contingencies (Note 11)</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingencies" xlink:to="lab_us-gaap_CommitmentsAndContingencies" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ConstructionInProgressGross_421774aa-9a33-45f4-ad9c-7d73069b2fc8_terseLabel_en-US" xlink:label="lab_us-gaap_ConstructionInProgressGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction in progress</link:label>
    <link:label id="lab_us-gaap_ConstructionInProgressGross_label_en-US" xlink:label="lab_us-gaap_ConstructionInProgressGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Construction in Progress, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConstructionInProgressGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConstructionInProgressGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConstructionInProgressGross" xlink:to="lab_us-gaap_ConstructionInProgressGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DisaggregationOfRevenueLineItems_31e115d5-6081-4551-a604-86ea6c5bc226_terseLabel_en-US" xlink:label="lab_us-gaap_DisaggregationOfRevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue [Line Items]</link:label>
    <link:label id="lab_us-gaap_DisaggregationOfRevenueLineItems_label_en-US" xlink:label="lab_us-gaap_DisaggregationOfRevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisaggregationOfRevenueLineItems" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems" xlink:to="lab_us-gaap_DisaggregationOfRevenueLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_95a3214c-ddbe-4d2f-b976-fad3a456d651_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Five Years</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Year Five</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DiningMember_11d5698c-495b-4f19-b968-7e6a4489bfb6_terseLabel_en-US" xlink:label="lab_mtn_DiningMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dining</link:label>
    <link:label id="lab_mtn_DiningMember_label_en-US" xlink:label="lab_mtn_DiningMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dining [Member]</link:label>
    <link:label id="lab_mtn_DiningMember_documentation_en-US" xlink:label="lab_mtn_DiningMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dining [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DiningMember" xlink:href="mtn-20240731.xsd#mtn_DiningMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DiningMember" xlink:to="lab_mtn_DiningMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_CapitalLeasedAssetsMachineryandEquipment_2c54b7a5-38dd-4e1c-b366-e78b5352d94a_terseLabel_en-US" xlink:label="lab_mtn_CapitalLeasedAssetsMachineryandEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Purchase Price Allocation, Machinery and Equipment</link:label>
    <link:label id="lab_mtn_CapitalLeasedAssetsMachineryandEquipment_b9001c93-ba9f-47f1-bbba-7cf8180951da_verboseLabel_en-US" xlink:label="lab_mtn_CapitalLeasedAssetsMachineryandEquipment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Capital Leased Assets, Machinery and Equipment</link:label>
    <link:label id="lab_mtn_CapitalLeasedAssetsMachineryandEquipment_label_en-US" xlink:label="lab_mtn_CapitalLeasedAssetsMachineryandEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leased Assets, Machinery and Equipment</link:label>
    <link:label id="lab_mtn_CapitalLeasedAssetsMachineryandEquipment_documentation_en-US" xlink:label="lab_mtn_CapitalLeasedAssetsMachineryandEquipment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross amount, as of the balance sheet date, of long-lived, depreciable assets used in the production process to produce goods and services under capital lease obligations.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CapitalLeasedAssetsMachineryandEquipment" xlink:href="mtn-20240731.xsd#mtn_CapitalLeasedAssetsMachineryandEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_CapitalLeasedAssetsMachineryandEquipment" xlink:to="lab_mtn_CapitalLeasedAssetsMachineryandEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredRevenueCurrent_54aef8bd-058b-4f10-97fa-aa8546271c6e_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredRevenueCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Revenue, Current</link:label>
    <link:label id="lab_us-gaap_DeferredRevenueCurrent_label_en-US" xlink:label="lab_us-gaap_DeferredRevenueCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Revenue, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredRevenueCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredRevenueCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredRevenueCurrent" xlink:to="lab_us-gaap_DeferredRevenueCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice_1aecea90-7725-4857-b843-f5c4f7838f02_verboseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price, exercisable ending balance (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Exercisable Weighted Average Exercise Price</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options and stock appreciation rights outstanding and currently exercisable under the plan.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock_da8cc5fd-2e7b-498f-81a7-d38539f51af2_terseLabel_en-US" xlink:label="lab_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]</link:label>
    <link:label id="lab_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock_label_en-US" xlink:label="lab_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]</link:label>
    <link:label id="lab_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock_documentation_en-US" xlink:label="lab_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock" xlink:href="mtn-20240731.xsd#mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock" xlink:to="lab_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_515f96eb-194e-43ae-b59a-c31c19a18e34_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfGoodwillTable_f06b76e1-71b1-4092-b0c7-e0e8fc2b4d2c_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfGoodwillTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Goodwill [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfGoodwillTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfGoodwillTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Goodwill [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfGoodwillTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfGoodwillTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfGoodwillTable" xlink:to="lab_us-gaap_ScheduleOfGoodwillTable" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet_d445aed0-9f00-4289-b29e-ebacf55b0f74_totalLabel_en-US" xlink:label="lab_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Indefinite-lived intangible assets, net</link:label>
    <link:label id="lab_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet_label_en-US" xlink:label="lab_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indefinite-Lived Intangible Assets (Excluding Goodwill), Net</link:label>
    <link:label id="lab_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet_documentation_en-US" xlink:label="lab_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indefinite-Lived Intangible Assets (Excluding Goodwill), Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet" xlink:href="mtn-20240731.xsd#mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet" xlink:to="lab_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_StatementGeographicalAxis_aa0776ed-23a5-4105-8227-08b9c7d3b251_terseLabel_en-US" xlink:label="lab_srt_StatementGeographicalAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical [Axis]</link:label>
    <link:label id="lab_srt_StatementGeographicalAxis_label_en-US" xlink:label="lab_srt_StatementGeographicalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementGeographicalAxis" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementGeographicalAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_StatementGeographicalAxis" xlink:to="lab_srt_StatementGeographicalAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxDisclosureTextBlock_c8b3d99f-1411-4f60-a5e5-fd0d706e7356_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="lab_us-gaap_IncomeTaxDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable_f8ce55d6-c511-44b7-8d23-c9ebfbcfd4a8_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Revenue by Major Customers, by Reporting Segments [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Revenue by Major Customers, by Reporting Segments [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable" xlink:to="lab_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_689cb0d4-b692-42e3-8674-a984596bb5eb_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected dividends</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherAssetsMiscellaneousCurrent_fcc33421-d873-42f4-b9b8-92e6722dfbc3_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsMiscellaneousCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Assets, Miscellaneous, Current</link:label>
    <link:label id="lab_us-gaap_OtherAssetsMiscellaneousCurrent_label_en-US" xlink:label="lab_us-gaap_OtherAssetsMiscellaneousCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets, Miscellaneous, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsMiscellaneousCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsMiscellaneousCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssetsMiscellaneousCurrent" xlink:to="lab_us-gaap_OtherAssetsMiscellaneousCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_TarnesMember_004ce3e4-c3db-4040-9e56-7574ce7b4b68_terseLabel_en-US" xlink:label="lab_mtn_TarnesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tarnes [Member]</link:label>
    <link:label id="lab_mtn_TarnesMember_label_en-US" xlink:label="lab_mtn_TarnesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tarnes [Member]</link:label>
    <link:label id="lab_mtn_TarnesMember_documentation_en-US" xlink:label="lab_mtn_TarnesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tarnes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TarnesMember" xlink:href="mtn-20240731.xsd#mtn_TarnesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_TarnesMember" xlink:to="lab_mtn_TarnesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeLeasesPolicyTextBlock_3e1ae408-81cf-4cae-b09f-bc860fece381_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeLeasesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lessee, Leases [Policy Text Block]</link:label>
    <link:label id="lab_us-gaap_LesseeLeasesPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_LesseeLeasesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Leases [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeLeasesPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeLeasesPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeLeasesPolicyTextBlock" xlink:to="lab_us-gaap_LesseeLeasesPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_90a4dd9a-13d6-4431-bc7b-653f12920043_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RevenueRecognitionPolicyTextBlock_5ba05487-6750-4185-aed6-c4080531788a_terseLabel_en-US" xlink:label="lab_us-gaap_RevenueRecognitionPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue Recognition</link:label>
    <link:label id="lab_us-gaap_RevenueRecognitionPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_RevenueRecognitionPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueRecognitionPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueRecognitionPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevenueRecognitionPolicyTextBlock" xlink:to="lab_us-gaap_RevenueRecognitionPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IntercompanyForeignCurrencyBalanceAmount_3f502903-5b16-432f-bfd3-ee15ab7778d2_terseLabel_en-US" xlink:label="lab_us-gaap_IntercompanyForeignCurrencyBalanceAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intercompany Foreign Currency Balance, Amount</link:label>
    <link:label id="lab_us-gaap_IntercompanyForeignCurrencyBalanceAmount_label_en-US" xlink:label="lab_us-gaap_IntercompanyForeignCurrencyBalanceAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intercompany Foreign Currency Balance, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntercompanyForeignCurrencyBalanceAmount" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntercompanyForeignCurrencyBalanceAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntercompanyForeignCurrencyBalanceAmount" xlink:to="lab_us-gaap_IntercompanyForeignCurrencyBalanceAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_e39bf305-a9f0-4875-8fba-dbbff516fd5e_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred federal</link:label>
    <link:label id="lab_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_label_en-US" xlink:label="lab_us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Federal Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:to="lab_us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss_1f711a33-68dd-4c72-bd0c-de84331e9aca_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Goodwill, Impaired, Accumulated Impairment Loss</link:label>
    <link:label id="lab_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss_label_en-US" xlink:label="lab_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill, Impaired, Accumulated Impairment Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillImpairedAccumulatedImpairmentLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss" xlink:to="lab_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PreferredStockParOrStatedValuePerShare_37f94b7d-9c54-4b1d-97a7-cbfcba4ce053_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock, par value (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_PreferredStockParOrStatedValuePerShare_label_en-US" xlink:label="lab_us-gaap_PreferredStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Par or Stated Value Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockParOrStatedValuePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="lab_us-gaap_PreferredStockParOrStatedValuePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PreferredStockValue_908b5430-d611-426c-8da1-f92a01deecb5_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock, $0.01 par value, 25,000 shares authorized, no shares issued and outstanding</link:label>
    <link:label id="lab_us-gaap_PreferredStockValue_label_en-US" xlink:label="lab_us-gaap_PreferredStockValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Value, Issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockValue" xlink:to="lab_us-gaap_PreferredStockValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessAcquisitionLineItems_b805de56-12c4-48e4-b1a6-c36f5859a653_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition [Line Items]</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionLineItems_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems" xlink:to="lab_us-gaap_BusinessAcquisitionLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_895fc6a4-94bd-4da8-a4b0-8303f173e9c7_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis [Table]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Recurring and Nonrecurring [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_OtherDebtMember_dbf6c166-1015-4a47-899d-5a6caf84917a_terseLabel_en-US" xlink:label="lab_mtn_OtherDebtMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other [Member]</link:label>
    <link:label id="lab_mtn_OtherDebtMember_label_en-US" xlink:label="lab_mtn_OtherDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Debt [Member]</link:label>
    <link:label id="lab_mtn_OtherDebtMember_documentation_en-US" xlink:label="lab_mtn_OtherDebtMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Debt [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherDebtMember" xlink:href="mtn-20240731.xsd#mtn_OtherDebtMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OtherDebtMember" xlink:to="lab_mtn_OtherDebtMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EarningsPerShareDiluted_83929d5b-e702-4113-a226-137b188036a6_verboseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareDiluted" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Diluted net income per share attributable to Vail Resorts, Inc.</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareDiluted_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareDiluted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share, Diluted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareDiluted" xlink:to="lab_us-gaap_EarningsPerShareDiluted" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_5a333445-1085-4cdb-8a60-7fbfc675d2c7_verboseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Property, Plant and Equipment [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_b8bfdd32-9507-4b21-9d2e-4276aeb415a8_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:to="lab_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccountsReceivableNetCurrent_23e6bcaa-6938-47a3-8182-bfbc75480101_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsReceivableNetCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade receivables, net of allowances</link:label>
    <link:label id="lab_us-gaap_AccountsReceivableNetCurrent_d898ec9f-c5d5-463e-8ab7-ddc9ae6a3b44_verboseLabel_en-US" xlink:label="lab_us-gaap_AccountsReceivableNetCurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accounts Receivable, after Allowance for Credit Loss, Current</link:label>
    <link:label id="lab_us-gaap_AccountsReceivableNetCurrent_label_en-US" xlink:label="lab_us-gaap_AccountsReceivableNetCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Receivable, after Allowance for Credit Loss, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsReceivableNetCurrent" xlink:to="lab_us-gaap_AccountsReceivableNetCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_b8466a46-75b9-4de5-af0e-b2ccbca05ff9_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_PeakResortsInc.Member_edacd392-a1a7-4957-9fba-da35296f44b1_terseLabel_en-US" xlink:label="lab_mtn_PeakResortsInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Peak Resorts, Inc. [Member]</link:label>
    <link:label id="lab_mtn_PeakResortsInc.Member_label_en-US" xlink:label="lab_mtn_PeakResortsInc.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Peak Resorts, Inc. [Member]</link:label>
    <link:label id="lab_mtn_PeakResortsInc.Member_documentation_en-US" xlink:label="lab_mtn_PeakResortsInc.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Peak Resorts, Inc. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PeakResortsInc.Member" xlink:href="mtn-20240731.xsd#mtn_PeakResortsInc.Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_PeakResortsInc.Member" xlink:to="lab_mtn_PeakResortsInc.Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueInputsLevel3Member_658b39b4-ae10-4ba5-a707-0355206a666d_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 3 [Member]</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel3Member_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 3 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel3Member" xlink:to="lab_us-gaap_FairValueInputsLevel3Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TreasuryStockCommonShares_152b3077-7de2-49a2-b472-082eebb3472b_terseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockCommonShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Stock, Common, Shares</link:label>
    <link:label id="lab_us-gaap_TreasuryStockCommonShares_6739f818-bdef-4d33-9ce0-1c78b73b3627_verboseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockCommonShares" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of shares repurchased since inception</link:label>
    <link:label id="lab_us-gaap_TreasuryStockCommonShares_label_en-US" xlink:label="lab_us-gaap_TreasuryStockCommonShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury Stock, Common, Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonShares" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockCommonShares" xlink:to="lab_us-gaap_TreasuryStockCommonShares" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LineOfCreditMember_0a13e4ec-6909-497e-91a5-cdd9db35e5cb_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Facility Revolver [Member]</link:label>
    <link:label id="lab_us-gaap_LineOfCreditMember_label_en-US" xlink:label="lab_us-gaap_LineOfCreditMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditMember" xlink:to="lab_us-gaap_LineOfCreditMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccruedEmployeeBenefitsCurrent_7841d9a2-850b-47ec-a801-615b66012ec8_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedEmployeeBenefitsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued benefits</link:label>
    <link:label id="lab_us-gaap_AccruedEmployeeBenefitsCurrent_label_en-US" xlink:label="lab_us-gaap_AccruedEmployeeBenefitsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Employee Benefits, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedEmployeeBenefitsCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedEmployeeBenefitsCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedEmployeeBenefitsCurrent" xlink:to="lab_us-gaap_AccruedEmployeeBenefitsCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BuildingAndBuildingImprovementsMember_0378900c-2aed-4f3e-8d13-e0015ce1f856_terseLabel_en-US" xlink:label="lab_us-gaap_BuildingAndBuildingImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buildings and Building Improvements [Member]</link:label>
    <link:label id="lab_us-gaap_BuildingAndBuildingImprovementsMember_label_en-US" xlink:label="lab_us-gaap_BuildingAndBuildingImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Building and Building Improvements [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BuildingAndBuildingImprovementsMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BuildingAndBuildingImprovementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BuildingAndBuildingImprovementsMember" xlink:to="lab_us-gaap_BuildingAndBuildingImprovementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_12d141cb-6999-4e62-a927-1eff6b155ae4_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_5f5890e4-6d0a-4f02-b6a6-62a022704ad0_terseLabel_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount outstanding in letters of credit</link:label>
    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_label_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letters of Credit Outstanding, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LettersOfCreditOutstandingAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LettersOfCreditOutstandingAmount" xlink:to="lab_us-gaap_LettersOfCreditOutstandingAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_2a67c986-9852-4ab2-9cad-df8cf015e818_verboseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtFairValue_e9f735cf-7920-438f-aa0a-6f39f033e164_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt, Fair Value</link:label>
    <link:label id="lab_us-gaap_LongTermDebtFairValue_label_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtFairValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtFairValue" xlink:to="lab_us-gaap_LongTermDebtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetIncomeLoss_c2ee92b3-b3b2-4f71-8e5e-1cd631c81be7_totalLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net income attributable to Vail Resorts, Inc.</link:label>
    <link:label id="lab_us-gaap_NetIncomeLoss_6faa3f83-1618-4f13-9acc-dbc853ff2706_verboseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income (loss) attributable to Vail Resorts, Inc.</link:label>
    <link:label id="lab_us-gaap_NetIncomeLoss_84c65c13-28c8-4878-9c08-3e1ce47a6409_terseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
    <link:label id="lab_us-gaap_NetIncomeLoss_label_en-US" xlink:label="lab_us-gaap_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income (Loss) Attributable to Parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLoss" xlink:to="lab_us-gaap_NetIncomeLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LiabilitiesCurrent_ef2f5171-def5-4845-931f-2cf36a544192_totalLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesCurrent_label_en-US" xlink:label="lab_us-gaap_LiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesCurrent" xlink:to="lab_us-gaap_LiabilitiesCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MunicipalityOfTujetschMember_30f0a164-dde8-4218-9edd-160573ea6dbc_terseLabel_en-US" xlink:label="lab_mtn_MunicipalityOfTujetschMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Municipality of Tujetsch</link:label>
    <link:label id="lab_mtn_MunicipalityOfTujetschMember_label_en-US" xlink:label="lab_mtn_MunicipalityOfTujetschMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipality of Tujetsch [Member]</link:label>
    <link:label id="lab_mtn_MunicipalityOfTujetschMember_documentation_en-US" xlink:label="lab_mtn_MunicipalityOfTujetschMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Municipality of Tujetsch</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MunicipalityOfTujetschMember" xlink:href="mtn-20240731.xsd#mtn_MunicipalityOfTujetschMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MunicipalityOfTujetschMember" xlink:to="lab_mtn_MunicipalityOfTujetschMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue_4447ae42-2c73-4a51-ad3a-f2828ff54854_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value, granted (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement Restriicted Stock Units Granted In Period Weighted Average Grant Date Fair Value</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average fair value at grant date for nonvested restricted share units issued during the period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue" xlink:to="lab_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueDisclosuresAbstract_223a47c5-bf49-4f49-b446-26c0068f62d3_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Disclosures [Abstract]</link:label>
    <link:label id="lab_us-gaap_FairValueDisclosuresAbstract_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Disclosures [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract" xlink:to="lab_us-gaap_FairValueDisclosuresAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountainandLodgingcostofproductssold_dc349642-bc88-4ab6-8097-3a221e0e9b2f_terseLabel_en-US" xlink:label="lab_mtn_MountainandLodgingcostofproductssold" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain and Lodging retail and dining cost of products sold</link:label>
    <link:label id="lab_mtn_MountainandLodgingcostofproductssold_label_en-US" xlink:label="lab_mtn_MountainandLodgingcostofproductssold" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain and Lodging cost of products sold</link:label>
    <link:label id="lab_mtn_MountainandLodgingcostofproductssold_documentation_en-US" xlink:label="lab_mtn_MountainandLodgingcostofproductssold" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mountain and Lodging retail and dining cost of products sold</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingcostofproductssold" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingcostofproductssold"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainandLodgingcostofproductssold" xlink:to="lab_mtn_MountainandLodgingcostofproductssold" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo_4bc8c55d-9692-4258-a8e3-3612adfac1bd_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, Year Two</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, Year Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo" xlink:to="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_ce20ba7f-f3f2-4ef4-8a91-c4339444398e_terseLabel_en-US" xlink:label="lab_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Currency Transactions and Translations Policy [Policy Text Block]</link:label>
    <link:label id="lab_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Currency Transactions and Translations Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:to="lab_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountainExpensesNet_c9e5af5f-a98e-4c74-8115-41014afb1dcd_terseLabel_en-US" xlink:label="lab_mtn_MountainExpensesNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain</link:label>
    <link:label id="lab_mtn_MountainExpensesNet_label_en-US" xlink:label="lab_mtn_MountainExpensesNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain Expenses Net</link:label>
    <link:label id="lab_mtn_MountainExpensesNet_documentation_en-US" xlink:label="lab_mtn_MountainExpensesNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costs incurred that are directly related to generating mountain revenue, including labor and labor-related benefits, retail cost of sales, resort related fees and general and administrative expenses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainExpensesNet" xlink:href="mtn-20240731.xsd#mtn_MountainExpensesNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainExpensesNet" xlink:to="lab_mtn_MountainExpensesNet" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_TenderfootMember_045c1869-c8fb-46a3-a5f8-f46ff2c2e7d2_terseLabel_en-US" xlink:label="lab_mtn_TenderfootMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tenderfoot [Member]</link:label>
    <link:label id="lab_mtn_TenderfootMember_label_en-US" xlink:label="lab_mtn_TenderfootMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tenderfoot [Member]</link:label>
    <link:label id="lab_mtn_TenderfootMember_documentation_en-US" xlink:label="lab_mtn_TenderfootMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tenderfoot [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TenderfootMember" xlink:href="mtn-20240731.xsd#mtn_TenderfootMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_TenderfootMember" xlink:to="lab_mtn_TenderfootMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_EPRAdditionalInterestRate_bf6000a3-93a9-4c89-ba8e-5a10d166ade6_terseLabel_en-US" xlink:label="lab_mtn_EPRAdditionalInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EPR Additional Interest Rate</link:label>
    <link:label id="lab_mtn_EPRAdditionalInterestRate_label_en-US" xlink:label="lab_mtn_EPRAdditionalInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EPR Additional Interest Rate</link:label>
    <link:label id="lab_mtn_EPRAdditionalInterestRate_documentation_en-US" xlink:label="lab_mtn_EPRAdditionalInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">EPR Additional Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EPRAdditionalInterestRate" xlink:href="mtn-20240731.xsd#mtn_EPRAdditionalInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_EPRAdditionalInterestRate" xlink:to="lab_mtn_EPRAdditionalInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MachineryAndEquipmentMember_c378e24d-a87a-4071-9b42-0f2a1c7cd8ed_terseLabel_en-US" xlink:label="lab_us-gaap_MachineryAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Machinery and Equipment [Member]</link:label>
    <link:label id="lab_us-gaap_MachineryAndEquipmentMember_label_en-US" xlink:label="lab_us-gaap_MachineryAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Machinery and Equipment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MachineryAndEquipmentMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MachineryAndEquipmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MachineryAndEquipmentMember" xlink:to="lab_us-gaap_MachineryAndEquipmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_0e4c0e5b-13ea-4321-86ec-34d0a949436b_terseLabel_en-US" xlink:label="lab_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indefinite-lived Intangible Assets, Major Class Name [Domain]</link:label>
    <link:label id="lab_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_label_en-US" xlink:label="lab_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indefinite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="lab_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeasesTextBlock_5ebdef0d-4f33-45d5-9773-ad2fdff886b4_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeasesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lessee, Operating Leases</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeasesTextBlock_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeasesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Leases [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeasesTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeasesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeasesTextBlock" xlink:to="lab_us-gaap_LesseeOperatingLeasesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_currency_AllCurrenciesDomain_23dabc92-b3e1-4f15-91a9-16abc7d5d60d_terseLabel_en-US" xlink:label="lab_currency_AllCurrenciesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All Currencies [Domain]</link:label>
    <link:label id="lab_currency_AllCurrenciesDomain_label_en-US" xlink:label="lab_currency_AllCurrenciesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All Currencies [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_currency_AllCurrenciesDomain" xlink:to="lab_currency_AllCurrenciesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MtnInterestRateSwapNotionalAmount_ac674f07-940c-4f42-bfcd-685cdebde44a_terseLabel_en-US" xlink:label="lab_mtn_MtnInterestRateSwapNotionalAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">mtn:InterestRateSwapNotionalAmount</link:label>
    <link:label id="lab_mtn_MtnInterestRateSwapNotionalAmount_label_en-US" xlink:label="lab_mtn_MtnInterestRateSwapNotionalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">mtn:InterestRateSwapNotionalAmount</link:label>
    <link:label id="lab_mtn_MtnInterestRateSwapNotionalAmount_documentation_en-US" xlink:label="lab_mtn_MtnInterestRateSwapNotionalAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">mtn:InterestRateSwapNotionalAmount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MtnInterestRateSwapNotionalAmount" xlink:href="mtn-20240731.xsd#mtn_MtnInterestRateSwapNotionalAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MtnInterestRateSwapNotionalAmount" xlink:to="lab_mtn_MtnInterestRateSwapNotionalAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountainEquityInvestmentIncomeLossNet_577999f7-d9a2-48a2-99b9-55ca8132b93e_terseLabel_en-US" xlink:label="lab_mtn_MountainEquityInvestmentIncomeLossNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain equity investment income, net</link:label>
    <link:label id="lab_mtn_MountainEquityInvestmentIncomeLossNet_label_en-US" xlink:label="lab_mtn_MountainEquityInvestmentIncomeLossNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain Equity Investment Income Loss Net</link:label>
    <link:label id="lab_mtn_MountainEquityInvestmentIncomeLossNet_documentation_en-US" xlink:label="lab_mtn_MountainEquityInvestmentIncomeLossNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Company's share of income (loss) from the operations of unconsolidated subsidiaries associated with the mountain segment.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainEquityInvestmentIncomeLossNet" xlink:href="mtn-20240731.xsd#mtn_MountainEquityInvestmentIncomeLossNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainEquityInvestmentIncomeLossNet" xlink:to="lab_mtn_MountainEquityInvestmentIncomeLossNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_b30359b1-909f-4a18-87af-c570e0c639e3_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities and Stockholders&#8217; Equity</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities and Equity [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_A00NotesMember_dd63c89a-2898-4165-b196-3be68dcb8564_terseLabel_en-US" xlink:label="lab_mtn_A00NotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">0.0% Notes</link:label>
    <link:label id="lab_mtn_A00NotesMember_label_en-US" xlink:label="lab_mtn_A00NotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">0.0% Notes [Member]</link:label>
    <link:label id="lab_mtn_A00NotesMember_documentation_en-US" xlink:label="lab_mtn_A00NotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">0.0% Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A00NotesMember" xlink:href="mtn-20240731.xsd#mtn_A00NotesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_A00NotesMember" xlink:to="lab_mtn_A00NotesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockRepurchasedDuringPeriodValue_d61efb23-fd46-4179-a7df-8ede9449a7f1_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_StockRepurchasedDuringPeriodValue" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchases of common stock (Note 13)</link:label>
    <link:label id="lab_us-gaap_StockRepurchasedDuringPeriodValue_label_en-US" xlink:label="lab_us-gaap_StockRepurchasedDuringPeriodValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchased During Period, Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockRepurchasedDuringPeriodValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockRepurchasedDuringPeriodValue" xlink:to="lab_us-gaap_StockRepurchasedDuringPeriodValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_51f08bf5-92bf-4bdf-ab80-48587aa5629f_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents [Domain]</link:label>
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_label_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="lab_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_NRPLoanMember_0d20029f-ae93-4b53-9e5b-2374d7cba080_terseLabel_en-US" xlink:label="lab_mtn_NRPLoanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NRP Loan</link:label>
    <link:label id="lab_mtn_NRPLoanMember_label_en-US" xlink:label="lab_mtn_NRPLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NRP Loan [Member]</link:label>
    <link:label id="lab_mtn_NRPLoanMember_documentation_en-US" xlink:label="lab_mtn_NRPLoanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">NRP Loan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NRPLoanMember" xlink:href="mtn-20240731.xsd#mtn_NRPLoanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_NRPLoanMember" xlink:to="lab_mtn_NRPLoanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_44225d12-5fc8-4811-8b89-517012ac0631_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income (Loss) from Continuing Operations before Income Taxes, Domestic</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Continuing Operations before Income Taxes, Domestic</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xlink:to="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_382bdc29-0458-4f36-8d97-d361628971e8_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary Of Calculation On Basic And Diluted EPS</link:label>
    <link:label id="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod_6456547f-a734-4415-9e68-8f9ac8e463ff_negatedLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Awards, vested (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement SARs Vested In Period</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of stock appreciation rights, that vested during the reporting period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsVestedInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod" xlink:to="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_95d9459e-bb24-4416-b003-b55220d6c94b_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock based compensation award vesting period</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherNoncashIncome_724e58b3-02a5-4034-b560-f28a4af4b491_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other non-cash (income) expense, net</link:label>
    <link:label id="lab_us-gaap_OtherNoncashIncome_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashIncome" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherNoncashIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNoncashIncome" xlink:to="lab_us-gaap_OtherNoncashIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_SwissConfederationLease1Member_a72bc70a-cbc8-4add-af85-6117a83d4001_terseLabel_en-US" xlink:label="lab_mtn_SwissConfederationLease1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Swiss Confederation</link:label>
    <link:label id="lab_mtn_SwissConfederationLease1Member_label_en-US" xlink:label="lab_mtn_SwissConfederationLease1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease1 [Member]</link:label>
    <link:label id="lab_mtn_SwissConfederationLease1Member_documentation_en-US" xlink:label="lab_mtn_SwissConfederationLease1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease1Member" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_SwissConfederationLease1Member" xlink:to="lab_mtn_SwissConfederationLease1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_SuretyBondsOutstanding_f4f7fa08-cc29-4d0d-8345-fd1a604401ce_terseLabel_en-US" xlink:label="lab_mtn_SuretyBondsOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Surety Bonds Outstanding</link:label>
    <link:label id="lab_mtn_SuretyBondsOutstanding_label_en-US" xlink:label="lab_mtn_SuretyBondsOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surety Bonds Outstanding</link:label>
    <link:label id="lab_mtn_SuretyBondsOutstanding_documentation_en-US" xlink:label="lab_mtn_SuretyBondsOutstanding" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Surety Bonds Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SuretyBondsOutstanding" xlink:href="mtn-20240731.xsd#mtn_SuretyBondsOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_SuretyBondsOutstanding" xlink:to="lab_mtn_SuretyBondsOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_InterestRateSwapNotionalAmount_b04ff183-c50a-4815-a53a-5c50dc2b05f9_terseLabel_en-US" xlink:label="lab_mtn_InterestRateSwapNotionalAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Swap, Notional Amount</link:label>
    <link:label id="lab_mtn_InterestRateSwapNotionalAmount_label_en-US" xlink:label="lab_mtn_InterestRateSwapNotionalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Swap, Notional Amount</link:label>
    <link:label id="lab_mtn_InterestRateSwapNotionalAmount_documentation_en-US" xlink:label="lab_mtn_InterestRateSwapNotionalAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Rate Swap, Notional Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InterestRateSwapNotionalAmount" xlink:href="mtn-20240731.xsd#mtn_InterestRateSwapNotionalAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_InterestRateSwapNotionalAmount" xlink:to="lab_mtn_InterestRateSwapNotionalAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DividendsDomain_b3f72ebc-1a33-4da3-a4ab-d8ba6199fad5_terseLabel_en-US" xlink:label="lab_us-gaap_DividendsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends [Domain]</link:label>
    <link:label id="lab_us-gaap_DividendsDomain_label_en-US" xlink:label="lab_us-gaap_DividendsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsDomain" xlink:to="lab_us-gaap_DividendsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_79cca8fb-a4c4-4c0f-95b6-d8a4538d8783_terseLabel_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Significant Accounting Policies</link:label>
    <link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_label_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SignificantAccountingPoliciesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="lab_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_cf735f36-9a92-421d-8c8c-cb9ab6a6d6bf_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 1 [Member]</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 1 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel1Member" xlink:to="lab_us-gaap_FairValueInputsLevel1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxAssetsNet_d1e1e8f4-c4b3-47be-971b-101fb0a66e8b_totalLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Deferred income tax assets, net of valuation allowance</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsNet_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Net of Valuation Allowance</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsNet" xlink:to="lab_us-gaap_DeferredTaxAssetsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_AdjustmentsToCapitalLeaseAnnualPayments_cc129a19-810f-4261-a5cc-259acca81ccf_terseLabel_en-US" xlink:label="lab_mtn_AdjustmentsToCapitalLeaseAnnualPayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments to Capital Lease Annual Payments</link:label>
    <link:label id="lab_mtn_AdjustmentsToCapitalLeaseAnnualPayments_label_en-US" xlink:label="lab_mtn_AdjustmentsToCapitalLeaseAnnualPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to Capital Lease Annual Payments</link:label>
    <link:label id="lab_mtn_AdjustmentsToCapitalLeaseAnnualPayments_documentation_en-US" xlink:label="lab_mtn_AdjustmentsToCapitalLeaseAnnualPayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments to Capital Lease Annual Payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AdjustmentsToCapitalLeaseAnnualPayments" xlink:href="mtn-20240731.xsd#mtn_AdjustmentsToCapitalLeaseAnnualPayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_AdjustmentsToCapitalLeaseAnnualPayments" xlink:to="lab_mtn_AdjustmentsToCapitalLeaseAnnualPayments" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ForeignRefundablePayrollTaxCredits_d53734ca-2eda-4ac6-a692-0ece04bc0697_terseLabel_en-US" xlink:label="lab_mtn_ForeignRefundablePayrollTaxCredits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Refundable Payroll Tax Credits</link:label>
    <link:label id="lab_mtn_ForeignRefundablePayrollTaxCredits_label_en-US" xlink:label="lab_mtn_ForeignRefundablePayrollTaxCredits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Refundable Payroll Tax Credits</link:label>
    <link:label id="lab_mtn_ForeignRefundablePayrollTaxCredits_documentation_en-US" xlink:label="lab_mtn_ForeignRefundablePayrollTaxCredits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign Refundable Payroll Tax Credits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ForeignRefundablePayrollTaxCredits" xlink:href="mtn-20240731.xsd#mtn_ForeignRefundablePayrollTaxCredits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ForeignRefundablePayrollTaxCredits" xlink:to="lab_mtn_ForeignRefundablePayrollTaxCredits" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsToAcquireShortTermInvestments_27704730-7f45-429d-92ef-4860231d8506_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireShortTermInvestments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investments in short-term deposits</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireShortTermInvestments_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Short-Term Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireShortTermInvestments" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireShortTermInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireShortTermInvestments" xlink:to="lab_us-gaap_PaymentsToAcquireShortTermInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_Goodwill_64e98239-b922-461a-9f43-a055c8450635_verboseLabel_en-US" xlink:label="lab_us-gaap_Goodwill" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Goodwill, net (Note 8)</link:label>
    <link:label id="lab_us-gaap_Goodwill_a41386cd-04bc-4f49-9628-29360c1a3c76_totalLabel_en-US" xlink:label="lab_us-gaap_Goodwill" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Goodwill, net</link:label>
    <link:label id="lab_us-gaap_Goodwill_90eda9b4-b99e-4171-ae34-526cec93ecf2_periodStartLabel_en-US" xlink:label="lab_us-gaap_Goodwill" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Goodwill, beginning balance</link:label>
    <link:label id="lab_us-gaap_Goodwill_4eb58a24-0189-4b9d-9929-4c84976cc19e_periodEndLabel_en-US" xlink:label="lab_us-gaap_Goodwill" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Goodwill, ending balance</link:label>
    <link:label id="lab_us-gaap_Goodwill_label_en-US" xlink:label="lab_us-gaap_Goodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Goodwill" xlink:to="lab_us-gaap_Goodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_7977a154-0ef7-4d63-b2f6-75215e97415b_terseLabel_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions</link:label>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_ee0bfa0c-5590-455c-ab37-82e81b82cfb5_verboseLabel_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additions for tax positions of prior years</link:label>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_label_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:to="lab_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentTextBlock_36e00ec3-45de-4365-b7c5-4e481c89bfaa_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Composition Of Property, Plant And Equipment</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentTextBlock_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementEquityComponentsAxis_2aff40c7-b9a3-4c4e-a96c-fe57731be59e_terseLabel_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementEquityComponentsAxis_label_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementEquityComponentsAxis" xlink:to="lab_us-gaap_StatementEquityComponentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CertificatesOfDepositMember_57ed4c0c-a56a-489b-a205-7bbaeb042172_terseLabel_en-US" xlink:label="lab_us-gaap_CertificatesOfDepositMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Certificates of Deposit [Member]</link:label>
    <link:label id="lab_us-gaap_CertificatesOfDepositMember_label_en-US" xlink:label="lab_us-gaap_CertificatesOfDepositMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Certificates of Deposit [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CertificatesOfDepositMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CertificatesOfDepositMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CertificatesOfDepositMember" xlink:to="lab_us-gaap_CertificatesOfDepositMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BuildingsAndImprovementsGross_473386f4-34bc-4713-8eee-8e41ca3314ac_terseLabel_en-US" xlink:label="lab_us-gaap_BuildingsAndImprovementsGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buildings and building improvements</link:label>
    <link:label id="lab_us-gaap_BuildingsAndImprovementsGross_label_en-US" xlink:label="lab_us-gaap_BuildingsAndImprovementsGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buildings and Improvements, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BuildingsAndImprovementsGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BuildingsAndImprovementsGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BuildingsAndImprovementsGross" xlink:to="lab_us-gaap_BuildingsAndImprovementsGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_6706213a-e253-4932-86ed-f41d6f0439d4_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock based compensation, shares available for grant (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_fc899c8e-1bea-4847-bdc7-b3a1023dcb2b_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year Two</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_1e01f918-a0dc-40b6-9655-124367d4f926_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2022</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_bbf7c848-ec31-447e-96ce-7689ac94440b_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_OtherLongTermLiabilitiesNoncurrent_29622578-05d0-42e1-af92-ae5fb7caa5a5_verboseLabel_en-US" xlink:label="lab_mtn_OtherLongTermLiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other long-term liabilities</link:label>
    <link:label id="lab_mtn_OtherLongTermLiabilitiesNoncurrent_78c225cd-8369-473f-b15f-3da343508f83_terseLabel_en-US" xlink:label="lab_mtn_OtherLongTermLiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total other long-term liabilities</link:label>
    <link:label id="lab_mtn_OtherLongTermLiabilitiesNoncurrent_label_en-US" xlink:label="lab_mtn_OtherLongTermLiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Long Term Liabilities Noncurrent</link:label>
    <link:label id="lab_mtn_OtherLongTermLiabilitiesNoncurrent_documentation_en-US" xlink:label="lab_mtn_OtherLongTermLiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of noncurrent obligations which are expected to be settled after one year (or the normal operating cycle, if longer). Includes deferred revenue, unfavorable lease obligations and other long-term accrued liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherLongTermLiabilitiesNoncurrent" xlink:href="mtn-20240731.xsd#mtn_OtherLongTermLiabilitiesNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OtherLongTermLiabilitiesNoncurrent" xlink:to="lab_mtn_OtherLongTermLiabilitiesNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntitySmallBusiness_5f16633e-3a04-441d-b59e-ea7d42347f04_terseLabel_en-US" xlink:label="lab_dei_EntitySmallBusiness" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Small Business</link:label>
    <link:label id="lab_dei_EntitySmallBusiness_label_en-US" xlink:label="lab_dei_EntitySmallBusiness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Small Business</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntitySmallBusiness" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntitySmallBusiness" xlink:to="lab_dei_EntitySmallBusiness" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_28a1b41a-9d95-4650-8116-a4895a6b55d8_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Four</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Four</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_9a8929b6-8dda-4074-ae0f-43e969f039aa_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_FinanceLeasedAssetsLandImprovements_e6dd8ae7-0557-43aa-8b73-2b46dc4a94d9_verboseLabel_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsLandImprovements" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Purchase Price Allocation, Land Improvements</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsLandImprovements_c74a780e-e0c2-40d9-ad75-e2d33a31afe4_terseLabel_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsLandImprovements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital Leased Assets, Land Improvements</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsLandImprovements_label_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsLandImprovements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Leased Assets, Land Improvements</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsLandImprovements_documentation_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsLandImprovements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross amount, as of the balance sheet date, of land improvements held for productive use under capital lease obligations. This excludes land held for sale and alterations to land which improves its potential for use. Generally consisting of items having limited lives, such as walkways, driveways, fences, and parking lots, such improvements are depreciated over the useful lives of the subject assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsLandImprovements" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsLandImprovements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_FinanceLeasedAssetsLandImprovements" xlink:to="lab_mtn_FinanceLeasedAssetsLandImprovements" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfEquityAbstract_2447ab09-ff36-486b-a3d2-d86ecd431178_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments for Repurchase of Equity [Abstract]</link:label>
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfEquityAbstract_label_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Repurchase of Equity [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfEquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract" xlink:to="lab_us-gaap_PaymentsForRepurchaseOfEquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_d7fc07b0-4913-450f-afce-1c02be0d11ee_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Trade receivables, net</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive_f50a0cf4-624a-48e6-8cfd-e71db816884e_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, Year Five</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, Year Five</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive" xlink:to="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ScenarioForecastMember_7c0a0dad-c257-4cf3-9b8d-942bec08973e_terseLabel_en-US" xlink:label="lab_srt_ScenarioForecastMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forecast [Member]</link:label>
    <link:label id="lab_srt_ScenarioForecastMember_label_en-US" xlink:label="lab_srt_ScenarioForecastMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forecast [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ScenarioForecastMember" xlink:to="lab_srt_ScenarioForecastMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockDividendsPerShareDeclared_bde9229d-007a-4acf-ba76-2656ba29fdb5_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareDeclared" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash dividends declared per share</link:label>
    <link:label id="lab_us-gaap_CommonStockDividendsPerShareDeclared_ee65705c-39ed-4ecd-b29d-af7504c57251_verboseLabel_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareDeclared" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash dividends declared per share (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_CommonStockDividendsPerShareDeclared_label_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareDeclared" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Dividends, Per Share, Declared</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockDividendsPerShareDeclared" xlink:to="lab_us-gaap_CommonStockDividendsPerShareDeclared" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent_01a01195-fc3c-4af3-a687-574ad2e7b723_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-Based Payment Arrangement, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_GrossIntangibleAssetsExcludingGoodwill_424d898e-f6e6-4764-9a0e-8ff24f9eaeda_terseLabel_en-US" xlink:label="lab_mtn_GrossIntangibleAssetsExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total gross intangible assets</link:label>
    <link:label id="lab_mtn_GrossIntangibleAssetsExcludingGoodwill_label_en-US" xlink:label="lab_mtn_GrossIntangibleAssetsExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Intangible Assets Excluding Goodwill</link:label>
    <link:label id="lab_mtn_GrossIntangibleAssetsExcludingGoodwill_documentation_en-US" xlink:label="lab_mtn_GrossIntangibleAssetsExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross Intangible Assets Excluding Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GrossIntangibleAssetsExcludingGoodwill" xlink:href="mtn-20240731.xsd#mtn_GrossIntangibleAssetsExcludingGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_GrossIntangibleAssetsExcludingGoodwill" xlink:to="lab_mtn_GrossIntangibleAssetsExcludingGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseLiabilityNoncurrent_e5c1901b-0d86-4476-ae8f-d554f374c346_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating lease liabilities (Note 4)</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseLiabilityNoncurrent_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Liability, Noncurrent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:to="lab_us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_cd0e0104-234d-4470-b0c8-3a8d6caacc53_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_label_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash and Cash Equivalents, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:to="lab_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LineOfCreditFacilityInitiationDate1_41befc64-d298-405b-aec5-b643ed920278_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityInitiationDate1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Initiation Date</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityInitiationDate1_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityInitiationDate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Initiation Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityInitiationDate1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityInitiationDate1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityInitiationDate1" xlink:to="lab_us-gaap_LineOfCreditFacilityInitiationDate1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_Depreciation_c09c04bf-0009-464e-8638-61bd9492aa32_verboseLabel_en-US" xlink:label="lab_us-gaap_Depreciation" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Depreciation expense</link:label>
    <link:label id="lab_us-gaap_Depreciation_d4f37157-b2a5-4a09-b033-d5953172f0de_terseLabel_en-US" xlink:label="lab_us-gaap_Depreciation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:label id="lab_us-gaap_Depreciation_label_en-US" xlink:label="lab_us-gaap_Depreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Depreciation" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Depreciation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Depreciation" xlink:to="lab_us-gaap_Depreciation" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentNameDomain_ad046742-b59c-43a8-9e9b-8c6329812bc0_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Name [Domain]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentNameDomain_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentNameDomain" xlink:to="lab_us-gaap_DebtInstrumentNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InventoryRealEstate_de455cac-1493-4fdc-a6a3-e6b3e6639a76_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryRealEstate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real estate held for sale or investment</link:label>
    <link:label id="lab_us-gaap_InventoryRealEstate_label_en-US" xlink:label="lab_us-gaap_InventoryRealEstate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Real Estate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryRealEstate" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryRealEstate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InventoryRealEstate" xlink:to="lab_us-gaap_InventoryRealEstate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CompensationAndRetirementDisclosureAbstract_8d046962-a574-4117-ad52-4eab1e801ca2_terseLabel_en-US" xlink:label="lab_us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retirement Benefits [Abstract]</link:label>
    <link:label id="lab_us-gaap_CompensationAndRetirementDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retirement Benefits [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:to="lab_us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_GoodwillAccumulatedAmortization_e0f11563-ba7f-4333-928d-7813c2745f07_negatedLabel_en-US" xlink:label="lab_mtn_GoodwillAccumulatedAmortization" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Accumulated amortization</link:label>
    <link:label id="lab_mtn_GoodwillAccumulatedAmortization_label_en-US" xlink:label="lab_mtn_GoodwillAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill Accumulated Amortization</link:label>
    <link:label id="lab_mtn_GoodwillAccumulatedAmortization_documentation_en-US" xlink:label="lab_mtn_GoodwillAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cumulative amount of amortization related to goodwill.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GoodwillAccumulatedAmortization" xlink:href="mtn-20240731.xsd#mtn_GoodwillAccumulatedAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_GoodwillAccumulatedAmortization" xlink:to="lab_mtn_GoodwillAccumulatedAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee_36445197-7149-407b-9433-a6049f932991_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unused Borrowing Capacity, Fee</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unused Borrowing Capacity, Fee</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentUnusedBorrowingCapacityFee"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee" xlink:to="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod_09ea729b-6aaf-4f4d-b253-f0de9786e19e_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Awards, granted (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement SARs Grants In Period</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of grants made during the period on stock appreciation rights.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod" xlink:to="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_21b8924b-b14b-48f5-ba72-c01ea9d09abc_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs, by Report Line [Axis]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_d8681dfc-b6dc-4f64-a650-20151f7b1f85_verboseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationAxis" xlink:to="lab_us-gaap_IncomeStatementLocationAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_847b7ff4-6956-4c5a-b0b4-abcc26d8cdda_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Long-Term Debt</link:label>
    <link:label id="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Long-Term Debt Instruments [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:to="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_TrancheOfDebtDomain_2fd2ed12-6474-4559-b7b3-c74b60250e14_terseLabel_en-US" xlink:label="lab_mtn_TrancheOfDebtDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tranche of Debt [Domain]</link:label>
    <link:label id="lab_mtn_TrancheOfDebtDomain_label_en-US" xlink:label="lab_mtn_TrancheOfDebtDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche of Debt [Domain]</link:label>
    <link:label id="lab_mtn_TrancheOfDebtDomain_documentation_en-US" xlink:label="lab_mtn_TrancheOfDebtDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tranche of Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TrancheOfDebtDomain" xlink:href="mtn-20240731.xsd#mtn_TrancheOfDebtDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_TrancheOfDebtDomain" xlink:to="lab_mtn_TrancheOfDebtDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_239b8327-fc24-4885-93e2-bace75f06c08_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:to="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax_ce158530-2662-41ad-b453-5dc2272d655f_totalLabel_en-US" xlink:label="lab_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net stock-based compensation expense</link:label>
    <link:label id="lab_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax_label_en-US" xlink:label="lab_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Expense, after Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax" xlink:to="lab_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_06003c42-d34e-4ed0-93c0-4422755a68ce_verboseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Effect of dilutive securities, diluted (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted, Adjustment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:to="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_7fcd67ab-a5cc-48ae-a4d8-154b99a4be09_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Business Acquisitions, by Acquisition</link:label>
    <link:label id="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Business Acquisitions, by Acquisition [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:to="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock_e82b98d8-b5ba-4d5f-b54e-e4c7cb607371_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:to="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ValuationAllowanceAbstract_ec1512ab-41a5-41b7-a12a-208c3511a103_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowanceAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation Allowance [Abstract]</link:label>
    <link:label id="lab_us-gaap_ValuationAllowanceAbstract_label_en-US" xlink:label="lab_us-gaap_ValuationAllowanceAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowance [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ValuationAllowanceAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ValuationAllowanceAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ValuationAllowanceAbstract" xlink:to="lab_us-gaap_ValuationAllowanceAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_Revenues_f368188b-7902-4b85-b9c2-263c4d418d4c_totalLabel_en-US" xlink:label="lab_us-gaap_Revenues" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total net revenue</link:label>
    <link:label id="lab_us-gaap_Revenues_f144fce1-7660-4a06-8f2c-ec151a40ed36_terseLabel_en-US" xlink:label="lab_us-gaap_Revenues" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenues</link:label>
    <link:label id="lab_us-gaap_Revenues_label_en-US" xlink:label="lab_us-gaap_Revenues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenues</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Revenues" xlink:to="lab_us-gaap_Revenues" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccruedIncomeTaxesCurrent_dde21ba2-1c61-4190-8e93-0701f4a33da0_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedIncomeTaxesCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes payable</link:label>
    <link:label id="lab_us-gaap_AccruedIncomeTaxesCurrent_label_en-US" xlink:label="lab_us-gaap_AccruedIncomeTaxesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Income Taxes, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedIncomeTaxesCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedIncomeTaxesCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedIncomeTaxesCurrent" xlink:to="lab_us-gaap_AccruedIncomeTaxesCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_BcHousingMember_039ba892-9a10-426f-a98e-2b6edc0f0c01_terseLabel_en-US" xlink:label="lab_mtn_BcHousingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">BC Housing [Member]</link:label>
    <link:label id="lab_mtn_BcHousingMember_label_en-US" xlink:label="lab_mtn_BcHousingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bc Housing [Member]</link:label>
    <link:label id="lab_mtn_BcHousingMember_documentation_en-US" xlink:label="lab_mtn_BcHousingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">BC Housing [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BcHousingMember" xlink:href="mtn-20240731.xsd#mtn_BcHousingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_BcHousingMember" xlink:to="lab_mtn_BcHousingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized_12e429f0-0e8f-4f01-b54b-accef19131fe_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Separately Recognized Transactions, Liabilities Recognized</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized" xlink:to="lab_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ProductsAndServicesDomain_a9c97ef5-8d79-475e-8a95-a73d602e5313_terseLabel_en-US" xlink:label="lab_srt_ProductsAndServicesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Product and Service [Domain]</link:label>
    <link:label id="lab_srt_ProductsAndServicesDomain_label_en-US" xlink:label="lab_srt_ProductsAndServicesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Product and Service [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductsAndServicesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ProductsAndServicesDomain" xlink:to="lab_srt_ProductsAndServicesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_45785971-6591-4679-a9bc-8035b4333ee1_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components Of Accounts Payable And Accrued Liabilities</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ResortRevenueNet_354049a1-1315-4bbe-b591-c29d17b0d737_terseLabel_en-US" xlink:label="lab_mtn_ResortRevenueNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Resort net revenue</link:label>
    <link:label id="lab_mtn_ResortRevenueNet_fae104e7-aef3-42b8-8f92-835c0d49e816_totalLabel_en-US" xlink:label="lab_mtn_ResortRevenueNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Resort net revenue</link:label>
    <link:label id="lab_mtn_ResortRevenueNet_label_en-US" xlink:label="lab_mtn_ResortRevenueNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Resort Revenue Net</link:label>
    <link:label id="lab_mtn_ResortRevenueNet_documentation_en-US" xlink:label="lab_mtn_ResortRevenueNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The sum of mountain and lodging segment revenue.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortRevenueNet" xlink:href="mtn-20240731.xsd#mtn_ResortRevenueNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ResortRevenueNet" xlink:to="lab_mtn_ResortRevenueNet" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember_593596f5-93a9-4fcb-8649-aa3d4947f00f_terseLabel_en-US" xlink:label="lab_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Workers' Compensation and General Liability Related to Construction and Development Activities [Member]</link:label>
    <link:label id="lab_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember_label_en-US" xlink:label="lab_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Workers' Compensation and General Liability Related to Construction and Development Activities [Member]</link:label>
    <link:label id="lab_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember_documentation_en-US" xlink:label="lab_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Workers Compensation and General Liability Related to Construction and Development Activities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember" xlink:href="mtn-20240731.xsd#mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember" xlink:to="lab_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestExpenseDebt_426b0c00-bff1-43ca-b7a1-197aa0c02d33_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Expense, Debt</link:label>
    <link:label id="lab_us-gaap_InterestExpenseDebt_label_en-US" xlink:label="lab_us-gaap_InterestExpenseDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense, Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseDebt" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpenseDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseDebt" xlink:to="lab_us-gaap_InterestExpenseDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LeaseCostTableTextBlock_10e94634-30df-4108-8f32-56c3c3b3fc7c_terseLabel_en-US" xlink:label="lab_us-gaap_LeaseCostTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease, Cost [Table Text Block]</link:label>
    <link:label id="lab_us-gaap_LeaseCostTableTextBlock_label_en-US" xlink:label="lab_us-gaap_LeaseCostTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease, Cost [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseCostTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseCostTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LeaseCostTableTextBlock" xlink:to="lab_us-gaap_LeaseCostTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_d96b26c4-fe2e-4f5c-8d1d-ed9e2a43a1d4_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Inventories, net</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Inventories</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInInventories"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInInventories" xlink:to="lab_us-gaap_IncreaseDecreaseInInventories" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_8df52ee5-eac2-47f7-bee1-7b4e59cbf0ac_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RealEstatePolicyTextBlock_5eb704a7-0242-4e31-a161-fc919f117781_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstatePolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real Estate Cost of Sales</link:label>
    <link:label id="lab_us-gaap_RealEstatePolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_RealEstatePolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstatePolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstatePolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstatePolicyTextBlock" xlink:to="lab_us-gaap_RealEstatePolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_ea9f5764-7c3b-4a17-9953-abac790cfa3c_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value</link:label>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_label_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" xlink:to="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AwardTypeAxis_666b1cbb-8b29-4e03-8178-c88369e9cf93_terseLabel_en-US" xlink:label="lab_us-gaap_AwardTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Award Type [Axis]</link:label>
    <link:label id="lab_us-gaap_AwardTypeAxis_label_en-US" xlink:label="lab_us-gaap_AwardTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Award Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AwardTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AwardTypeAxis" xlink:to="lab_us-gaap_AwardTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_4146da56-e6f7-4491-8972-a105d25a8f5a_verboseLabel_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Anti-dilutive securities (in shares)</link:label>
    <link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_label_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:to="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_WeightedAverageNumberofSharesOutstandingCommon_807f5e03-0411-44c2-b20e-ad3db9d97945_terseLabel_en-US" xlink:label="lab_mtn_WeightedAverageNumberofSharesOutstandingCommon" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Common</link:label>
    <link:label id="lab_mtn_WeightedAverageNumberofSharesOutstandingCommon_label_en-US" xlink:label="lab_mtn_WeightedAverageNumberofSharesOutstandingCommon" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Common</link:label>
    <link:label id="lab_mtn_WeightedAverageNumberofSharesOutstandingCommon_documentation_en-US" xlink:label="lab_mtn_WeightedAverageNumberofSharesOutstandingCommon" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Common</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WeightedAverageNumberofSharesOutstandingCommon" xlink:href="mtn-20240731.xsd#mtn_WeightedAverageNumberofSharesOutstandingCommon"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_WeightedAverageNumberofSharesOutstandingCommon" xlink:to="lab_mtn_WeightedAverageNumberofSharesOutstandingCommon" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestExpense_3dbd18cf-4d54-45a8-af7c-f663508c8d69_negatedLabel_en-US" xlink:label="lab_us-gaap_InterestExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest expense, net</link:label>
    <link:label id="lab_us-gaap_InterestExpense_46296bd7-a3aa-46b8-972f-c4c5a32a1ef1_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Expense</link:label>
    <link:label id="lab_us-gaap_InterestExpense_label_en-US" xlink:label="lab_us-gaap_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpense" xlink:to="lab_us-gaap_InterestExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CapitalExpendituresIncurredButNotYetPaid_6a8ce36e-e813-431c-8334-57719aff4e56_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued capital expenditures</link:label>
    <link:label id="lab_us-gaap_CapitalExpendituresIncurredButNotYetPaid_label_en-US" xlink:label="lab_us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Expenditures Incurred but Not yet Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalExpendituresIncurredButNotYetPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:to="lab_us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DividendsCommonStock_1a5f136b-f091-4703-a651-0531ae2ff781_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DividendsCommonStock" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Dividends (Note 5)</link:label>
    <link:label id="lab_us-gaap_DividendsCommonStock_label_en-US" xlink:label="lab_us-gaap_DividendsCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends, Common Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsCommonStock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsCommonStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsCommonStock" xlink:to="lab_us-gaap_DividendsCommonStock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_77411b47-1db7-40db-a45a-f1cce2dfb368_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Disclosure Items [Domain]</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Hierarchy and NAV [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_115b138d-b295-4b0c-b59f-66587fabe18c_terseLabel_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_label_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_IcfrAuditorAttestationFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_IcfrAuditorAttestationFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_IcfrAuditorAttestationFlag" xlink:to="lab_dei_IcfrAuditorAttestationFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_32bdf59b-5bdb-4e86-ae59-540703a35ff6_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares issued for stock based compensation (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentGross_560e6466-47e9-410d-8aa9-f42ce05aa0ae_totalLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentGross" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gross property, plant and equipment</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentGross_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentGross" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentGross" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_BreckenridgeTerraceMember_0442a410-6934-4a50-923c-50bca61d4014_terseLabel_en-US" xlink:label="lab_mtn_BreckenridgeTerraceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Breckenridge Terrace [Member]</link:label>
    <link:label id="lab_mtn_BreckenridgeTerraceMember_label_en-US" xlink:label="lab_mtn_BreckenridgeTerraceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Breckenridge Terrace [Member]</link:label>
    <link:label id="lab_mtn_BreckenridgeTerraceMember_documentation_en-US" xlink:label="lab_mtn_BreckenridgeTerraceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Breckenridge Terrace [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BreckenridgeTerraceMember" xlink:href="mtn-20240731.xsd#mtn_BreckenridgeTerraceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_BreckenridgeTerraceMember" xlink:to="lab_mtn_BreckenridgeTerraceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_CurrentOperatingLeaseLiability_fa6baa65-bedb-4d76-957f-7f784917b85a_terseLabel_en-US" xlink:label="lab_mtn_CurrentOperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current operating lease liability</link:label>
    <link:label id="lab_mtn_CurrentOperatingLeaseLiability_label_en-US" xlink:label="lab_mtn_CurrentOperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current operating lease liability</link:label>
    <link:label id="lab_mtn_CurrentOperatingLeaseLiability_documentation_en-US" xlink:label="lab_mtn_CurrentOperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current operating lease liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CurrentOperatingLeaseLiability" xlink:href="mtn-20240731.xsd#mtn_CurrentOperatingLeaseLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_CurrentOperatingLeaseLiability" xlink:to="lab_mtn_CurrentOperatingLeaseLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_6ee11110-c3f8-46f9-9aa7-326836082e39_terseLabel_en-US" xlink:label="lab_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Right-of-Use Asset Obtained in Exchange for Operating Lease Liability</link:label>
    <link:label id="lab_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_label_en-US" xlink:label="lab_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-Use Asset Obtained in Exchange for Operating Lease Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:to="lab_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_ef392f97-5563-4ae3-bd9d-d5119d09c9fb_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Undiscounted Excess Amount</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Undiscounted Excess Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_UseOfEstimates_b5a524fa-0c59-4892-a725-c7850892c5b2_terseLabel_en-US" xlink:label="lab_us-gaap_UseOfEstimates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Use of Estimates, Policy [Policy Text Block]</link:label>
    <link:label id="lab_us-gaap_UseOfEstimates_label_en-US" xlink:label="lab_us-gaap_UseOfEstimates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Use of Estimates, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UseOfEstimates" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UseOfEstimates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UseOfEstimates" xlink:to="lab_us-gaap_UseOfEstimates" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_aaff9023-cbe1-4b6e-9661-0e05ac72d207_verboseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Components Of Provision (Benefit) For Income Taxes</link:label>
    <link:label id="lab_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongtermDebtTypeDomain_2b263c03-68b5-457a-ad8e-ee52b77162f9_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_LongtermDebtTypeDomain_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongtermDebtTypeDomain" xlink:to="lab_us-gaap_LongtermDebtTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt_385175d2-d4a5-4932-bece-4c01c42264ba_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity component of 0.0% Convertible Notes, net (Note 6)</link:label>
    <link:label id="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt" xlink:to="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_59f3650e-1315-4826-a8c0-9c5520c7b093_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LossContingenciesTable_155a1db0-66a4-4ce6-a32c-c0b6ff03f334_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Table]</link:label>
    <link:label id="lab_us-gaap_LossContingenciesTable_label_en-US" xlink:label="lab_us-gaap_LossContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingenciesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingenciesTable" xlink:to="lab_us-gaap_LossContingenciesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PrepaidExpenseCurrent_0e60c080-54ec-4214-a9a4-5159b064cd91_terseLabel_en-US" xlink:label="lab_us-gaap_PrepaidExpenseCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid Expense, Current</link:label>
    <link:label id="lab_us-gaap_PrepaidExpenseCurrent_label_en-US" xlink:label="lab_us-gaap_PrepaidExpenseCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid Expense, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PrepaidExpenseCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PrepaidExpenseCurrent" xlink:to="lab_us-gaap_PrepaidExpenseCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_2ae624d7-28b5-4caf-b3f3-e6d92a59f801_terseLabel_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Purchase Price Allocation, Buildings and Building Improvements</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_1d75f80a-6a8b-4d80-9ff2-4bdc5df1da5c_verboseLabel_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Capital Leased Assets, Buildings and Building Improvements</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_label_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Leased Assets, Buildings and Building Improvements</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_documentation_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount before accumulated depreciation of building structures held for productive use under capital lease obligations including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements" xlink:to="lab_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_70e13bac-db4d-4e4d-8a45-a6b727fc21e6_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, after Year Five</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, after Year Five</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_57477f3b-cf94-49ff-a71c-58c20ac88393_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year Three</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_fb2d5a41-3a02-4a4c-88cb-e77116d13499_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2023</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year Three</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseInterestExpense_7a57ee6a-79f7-44d7-aacf-e07e9246a276_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseInterestExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Interest Expense</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseInterestExpense_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseInterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Interest Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseInterestExpense" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseInterestExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseInterestExpense" xlink:to="lab_us-gaap_FinanceLeaseInterestExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AuditorFirmId_16f8eb14-f5c5-4271-b98c-bca586ae898f_terseLabel_en-US" xlink:label="lab_dei_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditor Firm ID</link:label>
    <link:label id="lab_dei_AuditorFirmId_label_en-US" xlink:label="lab_dei_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Firm ID</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorFirmId" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorFirmId"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorFirmId" xlink:to="lab_dei_AuditorFirmId" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AmortizationOfIntangibleAssets_f21d4c5d-a139-44db-8cec-c13de1b6d3db_terseLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of Intangible Assets</link:label>
    <link:label id="lab_us-gaap_AmortizationOfIntangibleAssets_label_en-US" xlink:label="lab_us-gaap_AmortizationOfIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of Intangible Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfIntangibleAssets" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfIntangibleAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AmortizationOfIntangibleAssets" xlink:to="lab_us-gaap_AmortizationOfIntangibleAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityShellCompany_c74cc3fc-dd18-41f9-aef4-ed4f5923c1a8_terseLabel_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
    <link:label id="lab_dei_EntityShellCompany_label_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityShellCompany" xlink:to="lab_dei_EntityShellCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_3f1d01c3-8578-41ef-a1e2-16bd97dcecf4_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:to="lab_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_2b2ae4b2-34be-431d-abb7-a16e228b97a5_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Three Years</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Year Three</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessAcquisitionAcquireeDomain_027c9fed-5a4e-42d5-99cc-b98a16e97ae8_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAcquireeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Acquiree [Domain]</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionAcquireeDomain_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAcquireeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition, Acquiree [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="lab_us-gaap_BusinessAcquisitionAcquireeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum_4f8fb3a3-020d-45e5-a425-d82a8c769b5f_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk-free rate, minimum</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsNet_9859cc62-9a3f-4ad5-b22c-659a8298d407_totalLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Amortizable intangible assets, net</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsNet_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentLineItems_6abc8d30-c0d9-4ac6-a988-510303fbb870_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment [Line Items]</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentLineItems_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentLineItems" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_4497d1bc-9cc9-4349-bb40-38513ea22699_terseLabel_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Accounting Pronouncements, Policy [Policy Text Block]</link:label>
    <link:label id="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Accounting Pronouncements, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountainandLodgingservicesandotherrevenue_f1bea57b-56a1-41a8-acb0-5734546e2f8e_terseLabel_en-US" xlink:label="lab_mtn_MountainandLodgingservicesandotherrevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain and Lodging services and other</link:label>
    <link:label id="lab_mtn_MountainandLodgingservicesandotherrevenue_label_en-US" xlink:label="lab_mtn_MountainandLodgingservicesandotherrevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain and Lodging services and other revenue</link:label>
    <link:label id="lab_mtn_MountainandLodgingservicesandotherrevenue_documentation_en-US" xlink:label="lab_mtn_MountainandLodgingservicesandotherrevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mountain and Lodging services and other revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingservicesandotherrevenue" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingservicesandotherrevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainandLodgingservicesandotherrevenue" xlink:to="lab_mtn_MountainandLodgingservicesandotherrevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits_fca51729-040f-44ce-88ee-ac009eb07a67_verboseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred compensation and other accrued benefits</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits" xlink:to="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_504e899d-7f4c-4d7f-b454-958e5dca2f6c_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Income Taxes Payable</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Income Taxes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:to="lab_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_baff30bb-f6d7-4500-95b4-910e0c242269_periodStartLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning of period</link:label>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_6e7f5ccc-7f98-44ed-8046-25d809d3dcc9_periodEndLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">End of period</link:label>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_label_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_c90adb16-c167-4ed6-9fe7-b8340fdc84dc_negatedLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Accumulated amortization</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Accumulated Amortization</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed_a6089f85-a19a-4b3e-b7b5-74fd1ea67a45_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed" xlink:to="lab_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies_a7847778-1078-4b70-91f7-25538dcd4521_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Contingencies</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Contingencies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies" xlink:to="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_46c30e4e-7706-40aa-9fda-fec21b045f19_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Two Years</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Year Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentFairValue_dd36ab4f-6d69-443a-a61c-692e7a4cb761_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Fair Value Disclosure</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentFairValue_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFairValue" xlink:to="lab_us-gaap_DebtInstrumentFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock_2aa29289-a1c0-4f10-b06a-3887cf9a6799_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DividendDeclaredMember_38fa831f-53f0-45e0-bfff-1309c7f1769e_terseLabel_en-US" xlink:label="lab_us-gaap_DividendDeclaredMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend Declared</link:label>
    <link:label id="lab_us-gaap_DividendDeclaredMember_label_en-US" xlink:label="lab_us-gaap_DividendDeclaredMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividend Declared [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendDeclaredMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendDeclaredMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendDeclaredMember" xlink:to="lab_us-gaap_DividendDeclaredMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InvestmentIncomeInterest_17af8e66-59f6-4c6c-83fd-6a297c49833b_verboseLabel_en-US" xlink:label="lab_us-gaap_InvestmentIncomeInterest" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investment income and other, net</link:label>
    <link:label id="lab_us-gaap_InvestmentIncomeInterest_5a3c21bb-c843-40da-9585-8081f3ac2512_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_InvestmentIncomeInterest" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investment Income, Interest</link:label>
    <link:label id="lab_us-gaap_InvestmentIncomeInterest_label_en-US" xlink:label="lab_us-gaap_InvestmentIncomeInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Income, Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentIncomeInterest" xlink:to="lab_us-gaap_InvestmentIncomeInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign_7ff4df00-8f36-435d-b01f-ce9c55e01bc6_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income (Loss) from Continuing Operations before Income Taxes, Foreign</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Continuing Operations before Income Taxes, Foreign</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign" xlink:to="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_VariableLeaseCost_3d9dc496-b212-40c4-8413-54c661940453_terseLabel_en-US" xlink:label="lab_us-gaap_VariableLeaseCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Lease, Cost</link:label>
    <link:label id="lab_us-gaap_VariableLeaseCost_label_en-US" xlink:label="lab_us-gaap_VariableLeaseCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Lease, Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableLeaseCost" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableLeaseCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableLeaseCost" xlink:to="lab_us-gaap_VariableLeaseCost" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseCost_07671ec0-c17b-43cb-a165-f938662a8c1b_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Lease, Cost</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseCost_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseCost" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseCost" xlink:to="lab_us-gaap_OperatingLeaseCost" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_b84142e0-d0c0-49a1-994c-f6f13d4add59_terseLabel_en-US" xlink:label="lab_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-lived Assets</link:label>
    <link:label id="lab_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:to="lab_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent_40a041d5-0e68-4df5-9d6e-ee333be4e0bc_terseLabel_en-US" xlink:label="lab_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sales and Excise Tax Payable</link:label>
    <link:label id="lab_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent_label_en-US" xlink:label="lab_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales and Excise Tax Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent" xlink:to="lab_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockSharesIssued_ab5e282d-6f3f-4b2b-bb48-94d8ba495609_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, shares issued</link:label>
    <link:label id="lab_us-gaap_CommonStockSharesIssued_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Shares, Issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesIssued" xlink:to="lab_us-gaap_CommonStockSharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock_7cfc32ec-9d41-42a4-aa24-bb3457e87355_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Share Based Compensation Restricted Stock Units Activity</link:label>
    <link:label id="lab_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_5bbfd3a6-8456-4d67-8ae0-eaec9b489b06_verboseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Stock based compensation, restricted shares vested (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationConsiderationTransferred1_3a0d92df-b9b3-48fd-af3b-7dd5064f927e_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationConsiderationTransferred1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Consideration Transferred</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationConsiderationTransferred1_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationConsiderationTransferred1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Consideration Transferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferred1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationConsiderationTransferred1" xlink:to="lab_us-gaap_BusinessCombinationConsiderationTransferred1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent_53b6063a-c6b8-4001-bf1e-2eff9247614f_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Carrying Amount of Equity Component</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Carrying Amount of Equity Component</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent" xlink:to="lab_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_18df388e-3c61-4807-bf8e-87f5da053732_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity of short-term deposits</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale, Maturity and Collection of Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments" xlink:to="lab_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ContractWithCustomerLiabilityCurrent_7c35f144-31d1-4d5c-a5f1-8912286ee0c1_terseLabel_en-US" xlink:label="lab_us-gaap_ContractWithCustomerLiabilityCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contract with Customer, Liability, Current</link:label>
    <link:label id="lab_us-gaap_ContractWithCustomerLiabilityCurrent_label_en-US" xlink:label="lab_us-gaap_ContractWithCustomerLiabilityCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contract with Customer, Liability, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractWithCustomerLiabilityCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ContractWithCustomerLiabilityCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractWithCustomerLiabilityCurrent" xlink:to="lab_us-gaap_ContractWithCustomerLiabilityCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_fb830e51-fd69-461c-83eb-b83044e2779f_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt due within one year (Note 6)</link:label>
    <link:label id="lab_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_label_en-US" xlink:label="lab_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt and Lease Obligation, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent" xlink:to="lab_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_a13eebda-ca1c-4587-a699-954f70cb7531_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Share Based Compensation Valuation Model</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_7288701e-948f-472c-a3e8-423404b7728d_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebt_f1ccb78c-59dc-4ecd-b265-576c68c7e440_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt</link:label>
    <link:label id="lab_us-gaap_LongTermDebt_91dbcfc5-ca6f-45a4-9621-d10aa5ebbd4c_totalLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt</link:label>
    <link:label id="lab_us-gaap_LongTermDebt_label_en-US" xlink:label="lab_us-gaap_LongTermDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebt" xlink:to="lab_us-gaap_LongTermDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_8ca0fbde-d520-47c5-875f-75a290e3e915_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-Based Compensation</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:to="lab_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_OtherOperatingExpensesAndIncomeAbstract_a63c346d-ab26-4b56-bac0-585b4f87d825_terseLabel_en-US" xlink:label="lab_mtn_OtherOperatingExpensesAndIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other operating (expense) income:</link:label>
    <link:label id="lab_mtn_OtherOperatingExpensesAndIncomeAbstract_label_en-US" xlink:label="lab_mtn_OtherOperatingExpensesAndIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Expenses And Income [Abstract]</link:label>
    <link:label id="lab_mtn_OtherOperatingExpensesAndIncomeAbstract_documentation_en-US" xlink:label="lab_mtn_OtherOperatingExpensesAndIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other operating expenses and income abstract.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherOperatingExpensesAndIncomeAbstract" xlink:href="mtn-20240731.xsd#mtn_OtherOperatingExpensesAndIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract" xlink:to="lab_mtn_OtherOperatingExpensesAndIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_ca149d40-b7d8-4bcc-8ce0-addf7022fe8f_periodStartLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value, outstanding beginning balance (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_1e918bce-f436-452f-9e49-cbd7417c3351_periodEndLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value, outstanding ending balance (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement SARs Nonvested Weighted Average Grant Date Fair Value</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average fair value of nonvested stock appreciation rights for which the employer is contingently obligated to issue equity instruments to an employee who has not yet satisfied service criteria necessary to gain title to the underlying shares or units.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" xlink:to="lab_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ResortMember_8cad0263-37f8-4583-865a-69e9cbcdd768_terseLabel_en-US" xlink:label="lab_mtn_ResortMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Resort [Member]</link:label>
    <link:label id="lab_mtn_ResortMember_label_en-US" xlink:label="lab_mtn_ResortMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Resort [Member]</link:label>
    <link:label id="lab_mtn_ResortMember_documentation_en-US" xlink:label="lab_mtn_ResortMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Resort [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortMember" xlink:href="mtn-20240731.xsd#mtn_ResortMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ResortMember" xlink:to="lab_mtn_ResortMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_621965e4-d1d1-4719-a0ee-40f4860c0e28_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year Four</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_25147885-fd1f-4dc6-9a8b-39109aa220f7_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2024</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year Four</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_91f29995-18c4-4429-a8d0-d0dd65bec203_verboseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive loss</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_b96870cb-72a7-4051-9f13-e4c901f0447a_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Instruments and Hedging Activities Disclosure [Text Block]</link:label>
    <link:label id="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instruments and Hedging Activities Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:to="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_8865d436-f025-4f39-a172-d6fef97edfb4_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other financing activities, net</link:label>
    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_label_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from (Payments for) Other Financing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:to="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MaximumMember_f81c90e3-0d69-4fbb-a9df-266f60b4f3b6_terseLabel_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum [Member]</link:label>
    <link:label id="lab_srt_MaximumMember_label_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MaximumMember" xlink:to="lab_srt_MaximumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTax_15f81356-3153-432b-9d35-efb236780570_totalLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Comprehensive income attributable to Vail Resorts, Inc.</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTax_bedd2a6b-20bf-45a1-84dd-98b1505b103d_terseLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive income</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTax_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherFiniteLivedIntangibleAssetsGross_2f4570a5-cf74-4f2f-8216-4b0e24068cc7_terseLabel_en-US" xlink:label="lab_us-gaap_OtherFiniteLivedIntangibleAssetsGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Finite-Lived Intangible Assets, Gross</link:label>
    <link:label id="lab_us-gaap_OtherFiniteLivedIntangibleAssetsGross_label_en-US" xlink:label="lab_us-gaap_OtherFiniteLivedIntangibleAssetsGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Finite-Lived Intangible Assets, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherFiniteLivedIntangibleAssetsGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherFiniteLivedIntangibleAssetsGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherFiniteLivedIntangibleAssetsGross" xlink:to="lab_us-gaap_OtherFiniteLivedIntangibleAssetsGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_934006af-9b9a-40d9-b4f4-6fbe2d1ff8df_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total unrecognized compensation expense</link:label>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_label_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:to="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_GolfMember_f5cae829-05e2-4b8f-9be4-398ddec61a60_terseLabel_en-US" xlink:label="lab_mtn_GolfMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Golf</link:label>
    <link:label id="lab_mtn_GolfMember_label_en-US" xlink:label="lab_mtn_GolfMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Golf [Member]</link:label>
    <link:label id="lab_mtn_GolfMember_documentation_en-US" xlink:label="lab_mtn_GolfMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Golf [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GolfMember" xlink:href="mtn-20240731.xsd#mtn_GolfMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_GolfMember" xlink:to="lab_mtn_GolfMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_9b220ff3-7e7c-40cc-bd5b-7f5ca5ab383e_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RepaymentOfEB5DevelopmentNotes_23b983c0-dc42-4796-8916-69f92c2aafe4_negatedTerseLabel_en-US" xlink:label="lab_mtn_RepaymentOfEB5DevelopmentNotes" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayment of EB-5 Development Notes</link:label>
    <link:label id="lab_mtn_RepaymentOfEB5DevelopmentNotes_label_en-US" xlink:label="lab_mtn_RepaymentOfEB5DevelopmentNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayment of EB-5 Development Notes</link:label>
    <link:label id="lab_mtn_RepaymentOfEB5DevelopmentNotes_documentation_en-US" xlink:label="lab_mtn_RepaymentOfEB5DevelopmentNotes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repayment of EB-5 Development Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentOfEB5DevelopmentNotes" xlink:href="mtn-20240731.xsd#mtn_RepaymentOfEB5DevelopmentNotes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RepaymentOfEB5DevelopmentNotes" xlink:to="lab_mtn_RepaymentOfEB5DevelopmentNotes" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GoodwillAcquiredDuringPeriod_7ed8c6b7-3939-4392-b9b1-7a1f4ab79042_terseLabel_en-US" xlink:label="lab_us-gaap_GoodwillAcquiredDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill, Acquired During Period</link:label>
    <link:label id="lab_us-gaap_GoodwillAcquiredDuringPeriod_b7bfca1b-06a9-4d30-83d0-c90a9ea76616_verboseLabel_en-US" xlink:label="lab_us-gaap_GoodwillAcquiredDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Acquisition</link:label>
    <link:label id="lab_us-gaap_GoodwillAcquiredDuringPeriod_label_en-US" xlink:label="lab_us-gaap_GoodwillAcquiredDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill, Acquired During Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAcquiredDuringPeriod" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAcquiredDuringPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillAcquiredDuringPeriod" xlink:to="lab_us-gaap_GoodwillAcquiredDuringPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_LodgingOperatingExpenseMember_7d1b9d12-160f-46a6-9194-72a959a63d0a_terseLabel_en-US" xlink:label="lab_mtn_LodgingOperatingExpenseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lodging Operating Expense [Member]</link:label>
    <link:label id="lab_mtn_LodgingOperatingExpenseMember_label_en-US" xlink:label="lab_mtn_LodgingOperatingExpenseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lodging Operating Expense [Member]</link:label>
    <link:label id="lab_mtn_LodgingOperatingExpenseMember_documentation_en-US" xlink:label="lab_mtn_LodgingOperatingExpenseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lodging Operating Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingOperatingExpenseMember" xlink:href="mtn-20240731.xsd#mtn_LodgingOperatingExpenseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LodgingOperatingExpenseMember" xlink:to="lab_mtn_LodgingOperatingExpenseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShortTermLeaseCost_5b66a0d5-6477-44b2-b450-2f9156aef3c0_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermLeaseCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term Lease, Cost</link:label>
    <link:label id="lab_us-gaap_ShortTermLeaseCost_label_en-US" xlink:label="lab_us-gaap_ShortTermLeaseCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-Term Lease, Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermLeaseCost" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortTermLeaseCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermLeaseCost" xlink:to="lab_us-gaap_ShortTermLeaseCost" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TypeOfAdoptionMember_80a5ec66-a08a-4af2-b62b-aad14e14563d_terseLabel_en-US" xlink:label="lab_us-gaap_TypeOfAdoptionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Standards Update [Domain]</link:label>
    <link:label id="lab_us-gaap_TypeOfAdoptionMember_label_en-US" xlink:label="lab_us-gaap_TypeOfAdoptionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Standards Update [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TypeOfAdoptionMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TypeOfAdoptionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TypeOfAdoptionMember" xlink:to="lab_us-gaap_TypeOfAdoptionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfChangeInAccountingEstimateTable_7b7b5085-6e3f-439e-a186-41b8581a9c96_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfChangeInAccountingEstimateTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Change in Accounting Estimate [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfChangeInAccountingEstimateTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfChangeInAccountingEstimateTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Change in Accounting Estimate [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfChangeInAccountingEstimateTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable" xlink:to="lab_us-gaap_ScheduleOfChangeInAccountingEstimateTable" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_44ed881d-7be1-4d3a-9aa0-1cf6080ff1ba_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_SwissConfederationLease3Member_a9492466-26c3-490b-9bf0-b3ab987f3110_terseLabel_en-US" xlink:label="lab_mtn_SwissConfederationLease3Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease2 [Domain]</link:label>
    <link:label id="lab_mtn_SwissConfederationLease3Member_label_en-US" xlink:label="lab_mtn_SwissConfederationLease3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease3 [Member]</link:label>
    <link:label id="lab_mtn_SwissConfederationLease3Member_documentation_en-US" xlink:label="lab_mtn_SwissConfederationLease3Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease3</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease3Member" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease3Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_SwissConfederationLease3Member" xlink:to="lab_mtn_SwissConfederationLease3Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_b962f476-3f0e-4338-86d8-bcc0feb4fc3b_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, after Year Five</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_3a08b6f2-8e88-422f-bfa9-f80a05860b18_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Thereafter</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, after Year Five</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InventoryPolicyTextBlock_71c153bb-7e9d-436f-b18d-ada394298ad7_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
    <link:label id="lab_us-gaap_InventoryPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_InventoryPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InventoryPolicyTextBlock" xlink:to="lab_us-gaap_InventoryPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_WhistlerCreditAgreementrevolverMember_98582e1d-4023-49e1-8d0e-e85f4f8b18fa_terseLabel_en-US" xlink:label="lab_mtn_WhistlerCreditAgreementrevolverMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Whistler Credit Agreement revolver [Member]</link:label>
    <link:label id="lab_mtn_WhistlerCreditAgreementrevolverMember_label_en-US" xlink:label="lab_mtn_WhistlerCreditAgreementrevolverMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Whistler Credit Agreement revolver [Member]</link:label>
    <link:label id="lab_mtn_WhistlerCreditAgreementrevolverMember_documentation_en-US" xlink:label="lab_mtn_WhistlerCreditAgreementrevolverMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Whistler Credit Agreement revolver [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerCreditAgreementrevolverMember" xlink:href="mtn-20240731.xsd#mtn_WhistlerCreditAgreementrevolverMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_WhistlerCreditAgreementrevolverMember" xlink:to="lab_mtn_WhistlerCreditAgreementrevolverMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionDomain_f765661c-c04d-41af-a949-9a185d335465_terseLabel_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative Effect, Period of Adoption [Domain]</link:label>
    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionDomain_label_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Effect, Period of Adoption [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CumulativeEffectPeriodOfAdoptionDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:to="lab_srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MadRiverMountainMember_bdb5722f-1989-4ced-bab2-fa7038da7b23_terseLabel_en-US" xlink:label="lab_mtn_MadRiverMountainMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mad River Mountain</link:label>
    <link:label id="lab_mtn_MadRiverMountainMember_label_en-US" xlink:label="lab_mtn_MadRiverMountainMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mad River Mountain [Member]</link:label>
    <link:label id="lab_mtn_MadRiverMountainMember_documentation_en-US" xlink:label="lab_mtn_MadRiverMountainMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mad River Mountain</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MadRiverMountainMember" xlink:href="mtn-20240731.xsd#mtn_MadRiverMountainMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MadRiverMountainMember" xlink:to="lab_mtn_MadRiverMountainMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree_8ef74225-ba18-4d65-a564-d93482f222ba_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, Year Three</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, Year Three</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree" xlink:to="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MtnBusinessCombinationRemainderPayment_81509f98-7207-4ae9-9925-8eb175792e9a_terseLabel_en-US" xlink:label="lab_mtn_MtnBusinessCombinationRemainderPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">mtn:BusinessCombinationRemainderPayment</link:label>
    <link:label id="lab_mtn_MtnBusinessCombinationRemainderPayment_label_en-US" xlink:label="lab_mtn_MtnBusinessCombinationRemainderPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">mtn:BusinessCombinationRemainderPayment</link:label>
    <link:label id="lab_mtn_MtnBusinessCombinationRemainderPayment_documentation_en-US" xlink:label="lab_mtn_MtnBusinessCombinationRemainderPayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">mtn:BusinessCombinationRemainderPayment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MtnBusinessCombinationRemainderPayment" xlink:href="mtn-20240731.xsd#mtn_MtnBusinessCombinationRemainderPayment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MtnBusinessCombinationRemainderPayment" xlink:to="lab_mtn_MtnBusinessCombinationRemainderPayment" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_AccountsPayableAccruedLiabilities_c26cf952-54ab-4f6d-90cf-3b57fc7fb98b_terseLabel_en-US" xlink:label="lab_mtn_AccountsPayableAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable and accrued liabilities (Note 8)</link:label>
    <link:label id="lab_mtn_AccountsPayableAccruedLiabilities_ac0a19de-c299-44b0-b4b0-9a3a8ea9ea71_totalLabel_en-US" xlink:label="lab_mtn_AccountsPayableAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total accounts payable and accrued liabilities</link:label>
    <link:label id="lab_mtn_AccountsPayableAccruedLiabilities_label_en-US" xlink:label="lab_mtn_AccountsPayableAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable Accrued Liabilities</link:label>
    <link:label id="lab_mtn_AccountsPayableAccruedLiabilities_documentation_en-US" xlink:label="lab_mtn_AccountsPayableAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of liabilities incurred (of which invoices have been received and for which invoice have not yet been received or will not be rendered). Includes deferred revenue, accrued interest expense, deposits, accrued salaries, wages and benefits and other accrued liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccountsPayableAccruedLiabilities" xlink:href="mtn-20240731.xsd#mtn_AccountsPayableAccruedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_AccountsPayableAccruedLiabilities" xlink:to="lab_mtn_AccountsPayableAccruedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_ac82afb1-e366-44df-8534-dac6e4b2c9d2_verboseLabel_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Stock Compensation Plan</link:label>
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_label_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:to="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CurrentFederalTaxExpenseBenefit_c26c1f0e-7f36-4f9e-9f61-a333c0abcd5f_terseLabel_en-US" xlink:label="lab_us-gaap_CurrentFederalTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current federal</link:label>
    <link:label id="lab_us-gaap_CurrentFederalTaxExpenseBenefit_label_en-US" xlink:label="lab_us-gaap_CurrentFederalTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Federal Tax Expense (Benefit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentFederalTaxExpenseBenefit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentFederalTaxExpenseBenefit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CurrentFederalTaxExpenseBenefit" xlink:to="lab_us-gaap_CurrentFederalTaxExpenseBenefit" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CapitalizedContractCostNet_04fc442f-a979-43ab-b6af-f99d43536077_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalizedContractCostNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalized Contract Cost, Net</link:label>
    <link:label id="lab_us-gaap_CapitalizedContractCostNet_label_en-US" xlink:label="lab_us-gaap_CapitalizedContractCostNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalized Contract Cost, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalizedContractCostNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedContractCostNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalizedContractCostNet" xlink:to="lab_us-gaap_CapitalizedContractCostNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_976efd50-bdc2-480a-8952-f5bfa66a092f_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, Payments, Due in Next Rolling Twelve Months</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, Year One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:to="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessAcquisitionAxis_ceaa1e18-f35b-4784-97c6-268da2f6b56a_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition [Axis]</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionAxis_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionAxis" xlink:to="lab_us-gaap_BusinessAcquisitionAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_e2163429-f618-45f1-8591-84597f0eed0f_periodStartLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Awards, outstanding beginning balance (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_635c6786-6618-4f57-96d1-e33c8633c486_periodEndLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Awards, outstanding ending balance (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_f5eb40b4-b9b6-4d30-9a3f-94d32e5dd5c2_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Outstanding Number</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of shares reserved for issuance under stock option agreements and stock appreciation rights awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options and stock appreciation rights.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_SwissConfederationLease2Member_0531fd0b-b2a2-49e4-ae3c-44ab6037bc9d_terseLabel_en-US" xlink:label="lab_mtn_SwissConfederationLease2Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease2</link:label>
    <link:label id="lab_mtn_SwissConfederationLease2Member_label_en-US" xlink:label="lab_mtn_SwissConfederationLease2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease2 [Member]</link:label>
    <link:label id="lab_mtn_SwissConfederationLease2Member_documentation_en-US" xlink:label="lab_mtn_SwissConfederationLease2Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease2</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease2Member" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease2Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_SwissConfederationLease2Member" xlink:to="lab_mtn_SwissConfederationLease2Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_1640d16d-f45f-4361-ba85-cd79ad8590ff_terseLabel_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued</link:label>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_label_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:to="lab_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLossCarryforwards_5080e67c-a71b-4b74-a580-0b74bd3addfb_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLossCarryforwards" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards</link:label>
    <link:label id="lab_us-gaap_OperatingLossCarryforwards_label_en-US" xlink:label="lab_us-gaap_OperatingLossCarryforwards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLossCarryforwards" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLossCarryforwards"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLossCarryforwards" xlink:to="lab_us-gaap_OperatingLossCarryforwards" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_70236b61-f1ea-4258-bce4-42e3461f4cc9_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred state</link:label>
    <link:label id="lab_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_label_en-US" xlink:label="lab_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred State and Local Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:to="lab_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_09a75edf-3d8b-4e66-8439-314cbd41d297_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable and accrued liabilities</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts Payable and Accrued Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_NumberOfOptionalLeaseRenewalTerms_60b851bf-afa8-4f06-8f9a-4fc6cf897a2e_terseLabel_en-US" xlink:label="lab_mtn_NumberOfOptionalLeaseRenewalTerms" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of optional renewal terms</link:label>
    <link:label id="lab_mtn_NumberOfOptionalLeaseRenewalTerms_label_en-US" xlink:label="lab_mtn_NumberOfOptionalLeaseRenewalTerms" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Optional Lease Renewal Terms</link:label>
    <link:label id="lab_mtn_NumberOfOptionalLeaseRenewalTerms_documentation_en-US" xlink:label="lab_mtn_NumberOfOptionalLeaseRenewalTerms" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of optional renewal terms</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NumberOfOptionalLeaseRenewalTerms" xlink:href="mtn-20240731.xsd#mtn_NumberOfOptionalLeaseRenewalTerms"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_NumberOfOptionalLeaseRenewalTerms" xlink:to="lab_mtn_NumberOfOptionalLeaseRenewalTerms" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeStatementAbstract_89f4f8bb-96ce-4904-b7ec-73bd2b544396_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Statement [Abstract]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementAbstract_label_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementAbstract" xlink:to="lab_us-gaap_IncomeStatementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentPeriodicPayment_072ea928-9f7e-42aa-a86c-c8a556f3fe73_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentPeriodicPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Periodic Payment</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentPeriodicPayment_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentPeriodicPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Periodic Payment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentPeriodicPayment" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentPeriodicPayment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentPeriodicPayment" xlink:to="lab_us-gaap_DebtInstrumentPeriodicPayment" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_484138a2-6d3c-4f5e-bcb4-541e3af48fb6_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_45174d0c-3d3e-4901-b623-2f7c4ac58203_periodStartLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value, outstanding beginning balance (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_c3bc0a97-2a83-4d7a-8ff9-0e7840783b89_periodEndLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value, outstanding ending balance (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement Restricted Stock Units Nonvested Weighted Average Grant Date Fair Value</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average fair value of nonvested restricted share units for which the employer is contingently obligated to issue equity instruments to an employee who has not yet satisfied service criteria necessary to gain title to underlying shares or units.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" xlink:to="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GoodwillGross_ec0685ab-e763-4314-aa24-93cceb86b02b_terseLabel_en-US" xlink:label="lab_us-gaap_GoodwillGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:label id="lab_us-gaap_GoodwillGross_label_en-US" xlink:label="lab_us-gaap_GoodwillGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillGross" xlink:to="lab_us-gaap_GoodwillGross" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_OperatingCostsExpensesAndCostOfSales_ce630d1c-7f55-4ca6-a357-2561007391f8_totalLabel_en-US" xlink:label="lab_mtn_OperatingCostsExpensesAndCostOfSales" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total segment operating expense</link:label>
    <link:label id="lab_mtn_OperatingCostsExpensesAndCostOfSales_label_en-US" xlink:label="lab_mtn_OperatingCostsExpensesAndCostOfSales" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Costs Expenses And Cost Of Sales</link:label>
    <link:label id="lab_mtn_OperatingCostsExpensesAndCostOfSales_documentation_en-US" xlink:label="lab_mtn_OperatingCostsExpensesAndCostOfSales" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Generally recurring costs associated with normal operations including costs of sales or services and General and Administrative Expense.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCostsExpensesAndCostOfSales" xlink:href="mtn-20240731.xsd#mtn_OperatingCostsExpensesAndCostOfSales"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OperatingCostsExpensesAndCostOfSales" xlink:to="lab_mtn_OperatingCostsExpensesAndCostOfSales" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_c191c6e2-7239-401f-99a6-940a6ae3d447_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, Fair Value Disclosure</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, Fair Value Disclosure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:to="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LossContingencyNatureDomain_f3822515-5029-4122-a61c-eae9831fcf64_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyNatureDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingency, Nature [Domain]</link:label>
    <link:label id="lab_us-gaap_LossContingencyNatureDomain_label_en-US" xlink:label="lab_us-gaap_LossContingencyNatureDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Nature [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyNatureDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingencyNatureDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyNatureDomain" xlink:to="lab_us-gaap_LossContingencyNatureDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationDisclosureTextBlock_558a5a3d-dc18-4f2e-bd6b-a0551ff9ff3f_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisitions</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationDisclosureTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationDisclosureTextBlock" xlink:to="lab_us-gaap_BusinessCombinationDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_f308fc87-99d4-4d45-b620-a351876abeca_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive loss (income) attributable to noncontrolling interests</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AcceleratedShareRepurchasesTable_7c931fe7-ae54-454e-bb83-974d26ddb016_terseLabel_en-US" xlink:label="lab_us-gaap_AcceleratedShareRepurchasesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accelerated Share Repurchases [Table]</link:label>
    <link:label id="lab_us-gaap_AcceleratedShareRepurchasesTable_label_en-US" xlink:label="lab_us-gaap_AcceleratedShareRepurchasesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accelerated Share Repurchases [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesTable" xlink:to="lab_us-gaap_AcceleratedShareRepurchasesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_7c44755e-4d6a-4a26-8e5e-696436a5cbc9_terseLabel_en-US" xlink:label="lab_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross indefinite-lived intangible assets</link:label>
    <link:label id="lab_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_label_en-US" xlink:label="lab_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indefinite-Lived Intangible Assets (Excluding Goodwill)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill" xlink:to="lab_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RetailRentalMember_c3300f66-ab98-4dd8-a1b8-a4a40339cdc2_terseLabel_en-US" xlink:label="lab_mtn_RetailRentalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail/Rental</link:label>
    <link:label id="lab_mtn_RetailRentalMember_label_en-US" xlink:label="lab_mtn_RetailRentalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retail Rental [Member]</link:label>
    <link:label id="lab_mtn_RetailRentalMember_documentation_en-US" xlink:label="lab_mtn_RetailRentalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Retail Rental [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RetailRentalMember" xlink:href="mtn-20240731.xsd#mtn_RetailRentalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RetailRentalMember" xlink:to="lab_mtn_RetailRentalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_SkiSchoolMember_d77e7fbf-601d-4d55-9049-3ba3129a9b7a_terseLabel_en-US" xlink:label="lab_mtn_SkiSchoolMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ski School</link:label>
    <link:label id="lab_mtn_SkiSchoolMember_label_en-US" xlink:label="lab_mtn_SkiSchoolMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ski School [Member]</link:label>
    <link:label id="lab_mtn_SkiSchoolMember_documentation_en-US" xlink:label="lab_mtn_SkiSchoolMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ski School [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SkiSchoolMember" xlink:href="mtn-20240731.xsd#mtn_SkiSchoolMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_SkiSchoolMember" xlink:to="lab_mtn_SkiSchoolMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_46c6dcd3-40a6-4356-a248-11fc895a3f2d_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Issuance of shares under share award plan, net of shares withheld for employee taxes (Note 14)</link:label>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:to="lab_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherAssetsCurrent_be4ef755-cdaf-4fce-afaf-a9fcfe16beb4_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other current assets</link:label>
    <link:label id="lab_us-gaap_OtherAssetsCurrent_label_en-US" xlink:label="lab_us-gaap_OtherAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssetsCurrent" xlink:to="lab_us-gaap_OtherAssetsCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ChangeinFairValueofContingentConsideration_c4cee504-bb25-4eeb-a84d-b35f6a1a8ff3_negatedLabel_en-US" xlink:label="lab_mtn_ChangeinFairValueofContingentConsideration" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Change in estimated fair value of contingent consideration (Note 9)</link:label>
    <link:label id="lab_mtn_ChangeinFairValueofContingentConsideration_3fff7126-a0a1-416d-b931-85f2566cdd51_terseLabel_en-US" xlink:label="lab_mtn_ChangeinFairValueofContingentConsideration" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in estimated fair value of contingent consideration</link:label>
    <link:label id="lab_mtn_ChangeinFairValueofContingentConsideration_label_en-US" xlink:label="lab_mtn_ChangeinFairValueofContingentConsideration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in Fair Value of Contingent Consideration</link:label>
    <link:label id="lab_mtn_ChangeinFairValueofContingentConsideration_documentation_en-US" xlink:label="lab_mtn_ChangeinFairValueofContingentConsideration" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Change in Fair Value of Contingent Consideration</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ChangeinFairValueofContingentConsideration" xlink:href="mtn-20240731.xsd#mtn_ChangeinFairValueofContingentConsideration"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ChangeinFairValueofContingentConsideration" xlink:to="lab_mtn_ChangeinFairValueofContingentConsideration" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxDisclosureAbstract_bbd4ff1a-2385-415d-9daa-0728a387c0da_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Tax Disclosure [Abstract]</link:label>
    <link:label id="lab_us-gaap_IncomeTaxDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract" xlink:to="lab_us-gaap_IncomeTaxDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DeferredTaxAssetCanyonsObligation_6923416f-782b-4df6-957e-4a72a675058b_terseLabel_en-US" xlink:label="lab_mtn_DeferredTaxAssetCanyonsObligation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Asset, Talisker Canyons Obligation</link:label>
    <link:label id="lab_mtn_DeferredTaxAssetCanyonsObligation_label_en-US" xlink:label="lab_mtn_DeferredTaxAssetCanyonsObligation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Asset, Canyons Obligation</link:label>
    <link:label id="lab_mtn_DeferredTaxAssetCanyonsObligation_documentation_en-US" xlink:label="lab_mtn_DeferredTaxAssetCanyonsObligation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Asset related to Talisker Canyons Obligation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DeferredTaxAssetCanyonsObligation" xlink:href="mtn-20240731.xsd#mtn_DeferredTaxAssetCanyonsObligation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DeferredTaxAssetCanyonsObligation" xlink:to="lab_mtn_DeferredTaxAssetCanyonsObligation" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DerivativeFixedInterestRate_dd47f8e2-cc11-4252-84cf-c6549ee181e3_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFixedInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative, Fixed Interest Rate</link:label>
    <link:label id="lab_us-gaap_DerivativeFixedInterestRate_label_en-US" xlink:label="lab_us-gaap_DerivativeFixedInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Fixed Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFixedInterestRate" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeFixedInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeFixedInterestRate" xlink:to="lab_us-gaap_DerivativeFixedInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_FinanceLeasedAssetsAccumulatedDepreciation_d8c9f275-4c9f-4126-8259-536c78d4c3d4_negatedTerseLabel_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Purchase Price Allocation, Accumulated Depreciation</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsAccumulatedDepreciation_662de648-c2d7-4664-affc-bb154537eb43_negatedNetLabel_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="resource" xml:lang="en-US">Capital Leased Assets, Accumulated Depreciation</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsAccumulatedDepreciation_label_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Leased Assets, Accumulated Depreciation</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsAccumulatedDepreciation_documentation_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) under capital lease obligations that has been recognized in the income statement.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsAccumulatedDepreciation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation" xlink:to="lab_mtn_FinanceLeasedAssetsAccumulatedDepreciation" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_A6.50NotesMember_aa0d4a0e-1983-40c7-b7e5-aaffad102777_terseLabel_en-US" xlink:label="lab_mtn_A6.50NotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">6.50% Notes</link:label>
    <link:label id="lab_mtn_A6.50NotesMember_label_en-US" xlink:label="lab_mtn_A6.50NotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">6.50% Notes [Member]</link:label>
    <link:label id="lab_mtn_A6.50NotesMember_documentation_en-US" xlink:label="lab_mtn_A6.50NotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6.50% Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A6.50NotesMember" xlink:href="mtn-20240731.xsd#mtn_A6.50NotesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_A6.50NotesMember" xlink:to="lab_mtn_A6.50NotesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_0b97313f-f58e-48d4-8991-6b9fd33e8339_terseLabel_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payment Arrangement [Abstract]</link:label>
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_label_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_9e84e49c-b41d-4f7a-bab5-4a4d49472596_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GoodwillForeignCurrencyTranslationGainLoss_fb19c243-cd3f-47c6-ac6e-bdd55c3f5f6b_terseLabel_en-US" xlink:label="lab_us-gaap_GoodwillForeignCurrencyTranslationGainLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill, Translation Adjustments</link:label>
    <link:label id="lab_us-gaap_GoodwillForeignCurrencyTranslationGainLoss_label_en-US" xlink:label="lab_us-gaap_GoodwillForeignCurrencyTranslationGainLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill, Foreign Currency Translation Gain (Loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillForeignCurrencyTranslationGainLoss" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillForeignCurrencyTranslationGainLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillForeignCurrencyTranslationGainLoss" xlink:to="lab_us-gaap_GoodwillForeignCurrencyTranslationGainLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InventoryNet_2a18d5b2-805f-42b6-a5e3-0ddd33aef302_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inventories, net of reserves</link:label>
    <link:label id="lab_us-gaap_InventoryNet_label_en-US" xlink:label="lab_us-gaap_InventoryNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InventoryNet" xlink:to="lab_us-gaap_InventoryNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CapitalizedContractCostAmortization_eccb0705-a03f-46c0-b11b-122fc030a805_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalizedContractCostAmortization" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalized Contract Cost, Amortization</link:label>
    <link:label id="lab_us-gaap_CapitalizedContractCostAmortization_label_en-US" xlink:label="lab_us-gaap_CapitalizedContractCostAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalized Contract Cost, Amortization</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalizedContractCostAmortization" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedContractCostAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalizedContractCostAmortization" xlink:to="lab_us-gaap_CapitalizedContractCostAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock_46a699d7-a663-4e60-a1a6-0502a0d965db_verboseLabel_en-US" xlink:label="lab_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Summary On Estimated Useful Life Of Property, Plant And Equipment</link:label>
    <link:label id="lab_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock_label_en-US" xlink:label="lab_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Estimated Useful Life of Property, Plant and Equipment [Table Text Block]</link:label>
    <link:label id="lab_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock_documentation_en-US" xlink:label="lab_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Estimated Useful Life of Property, Plant and Equipment [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock" xlink:href="mtn-20240731.xsd#mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock" xlink:to="lab_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription_3b508c8c-0889-448b-97fd-d6b9eebcd646_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Contingent Consideration Arrangements, Description</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Contingent Consideration Arrangements, Description</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription" xlink:to="lab_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeAxis_6cb54a0e-7695-48a0-8966-cda7772490b9_terseLabel_en-US" xlink:label="lab_srt_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
    <link:label id="lab_srt_RangeAxis_label_en-US" xlink:label="lab_srt_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeAxis" xlink:to="lab_srt_RangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_AlpineValleySecuredNoteMember_2210d3ad-fd15-4715-bab7-c3a7802125c3_terseLabel_en-US" xlink:label="lab_mtn_AlpineValleySecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Alpine Valley Secured Note [Member]</link:label>
    <link:label id="lab_mtn_AlpineValleySecuredNoteMember_label_en-US" xlink:label="lab_mtn_AlpineValleySecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Alpine Valley Secured Note [Member]</link:label>
    <link:label id="lab_mtn_AlpineValleySecuredNoteMember_documentation_en-US" xlink:label="lab_mtn_AlpineValleySecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Alpine Valley Secured Note [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AlpineValleySecuredNoteMember" xlink:href="mtn-20240731.xsd#mtn_AlpineValleySecuredNoteMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_AlpineValleySecuredNoteMember" xlink:to="lab_mtn_AlpineValleySecuredNoteMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BalanceSheetLocationDomain_9b5f6f02-e075-46bb-8c99-4575e9bbf57c_terseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Domain]</link:label>
    <link:label id="lab_us-gaap_BalanceSheetLocationDomain_label_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BalanceSheetLocationDomain" xlink:to="lab_us-gaap_BalanceSheetLocationDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RealEstateOperatingExpenseMember_0513032d-9ede-4f3c-9202-8866a5463fde_terseLabel_en-US" xlink:label="lab_mtn_RealEstateOperatingExpenseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real Estate Operating Expense [Member]</link:label>
    <link:label id="lab_mtn_RealEstateOperatingExpenseMember_label_en-US" xlink:label="lab_mtn_RealEstateOperatingExpenseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Operating Expense [Member]</link:label>
    <link:label id="lab_mtn_RealEstateOperatingExpenseMember_documentation_en-US" xlink:label="lab_mtn_RealEstateOperatingExpenseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Real Estate Operating Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateOperatingExpenseMember" xlink:href="mtn-20240731.xsd#mtn_RealEstateOperatingExpenseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RealEstateOperatingExpenseMember" xlink:to="lab_mtn_RealEstateOperatingExpenseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionAxis_623933d5-1b36-49fa-9c79-ab872586a9c4_terseLabel_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative Effect, Period of Adoption [Axis]</link:label>
    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionAxis_label_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Effect, Period of Adoption [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CumulativeEffectPeriodOfAdoptionAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:to="lab_srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_b2db85ee-7636-4f38-aaab-45e466ad6b3f_terseLabel_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_label_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityInteractiveDataCurrent" xlink:to="lab_dei_EntityInteractiveDataCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DisaggregationOfRevenueTable_3306451e-0ed4-46a3-add8-a61f9c985368_terseLabel_en-US" xlink:label="lab_us-gaap_DisaggregationOfRevenueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue [Table]</link:label>
    <link:label id="lab_us-gaap_DisaggregationOfRevenueTable_label_en-US" xlink:label="lab_us-gaap_DisaggregationOfRevenueTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisaggregationOfRevenueTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DisaggregationOfRevenueTable" xlink:to="lab_us-gaap_DisaggregationOfRevenueTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdvertisingCostsPolicyTextBlock_4125f2f5-ae1c-46c2-8a07-32561c787ec9_terseLabel_en-US" xlink:label="lab_us-gaap_AdvertisingCostsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advertising Costs</link:label>
    <link:label id="lab_us-gaap_AdvertisingCostsPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_AdvertisingCostsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advertising Cost [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdvertisingCostsPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdvertisingCostsPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdvertisingCostsPolicyTextBlock" xlink:to="lab_us-gaap_AdvertisingCostsPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_CanyonsObligationMember_1ff040c5-fa21-4a0b-9b6d-7eb193023499_terseLabel_en-US" xlink:label="lab_mtn_CanyonsObligationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Canyons Obligation [Member]</link:label>
    <link:label id="lab_mtn_CanyonsObligationMember_label_en-US" xlink:label="lab_mtn_CanyonsObligationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Canyons Obligation [Member]</link:label>
    <link:label id="lab_mtn_CanyonsObligationMember_documentation_en-US" xlink:label="lab_mtn_CanyonsObligationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Obligation to Talisker Corporation for operation of Canyons Resort</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsObligationMember" xlink:href="mtn-20240731.xsd#mtn_CanyonsObligationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_CanyonsObligationMember" xlink:to="lab_mtn_CanyonsObligationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_fad4b6d3-0be9-4d29-8f1e-e99fd9667b4d_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchases of common stock</link:label>
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_d44d5e53-6443-4887-89b9-11ad02c18baf_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchases of Common Stock</link:label>
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_label_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Repurchase of Common Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="lab_us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_e8aae25e-24c5-44ef-aa07-14adffa14216_terseLabel_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_label_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCommonStockSharesOutstanding" xlink:to="lab_dei_EntityCommonStockSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_b5c36394-13a7-427e-a03f-e89231a1dd3c_terseLabel_en-US" xlink:label="lab_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill and Intangible Assets</link:label>
    <link:label id="lab_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill and Intangible Assets, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock" xlink:to="lab_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityWellKnownSeasonedIssuer_edac69ba-ee17-400f-8b00-444b6f2d8129_terseLabel_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:label id="lab_dei_EntityWellKnownSeasonedIssuer_label_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityWellKnownSeasonedIssuer" xlink:to="lab_dei_EntityWellKnownSeasonedIssuer" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredForeignIncomeTaxExpenseBenefit_47b565f6-1f24-4c88-83ed-1de4c3c71c32_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Foreign Income Tax Expense (Benefit)</link:label>
    <link:label id="lab_us-gaap_DeferredForeignIncomeTaxExpenseBenefit_label_en-US" xlink:label="lab_us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Foreign Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredForeignIncomeTaxExpenseBenefit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:to="lab_us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_OperatingCashOutflowsforFinanceLeases_7474206b-551d-4c57-aa3c-46bedb76b6b2_terseLabel_en-US" xlink:label="lab_mtn_OperatingCashOutflowsforFinanceLeases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Cash Outflows for Finance Leases</link:label>
    <link:label id="lab_mtn_OperatingCashOutflowsforFinanceLeases_label_en-US" xlink:label="lab_mtn_OperatingCashOutflowsforFinanceLeases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Cash Outflows for Finance Leases</link:label>
    <link:label id="lab_mtn_OperatingCashOutflowsforFinanceLeases_documentation_en-US" xlink:label="lab_mtn_OperatingCashOutflowsforFinanceLeases" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Cash Outflows for Finance Leases</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCashOutflowsforFinanceLeases" xlink:href="mtn-20240731.xsd#mtn_OperatingCashOutflowsforFinanceLeases"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OperatingCashOutflowsforFinanceLeases" xlink:to="lab_mtn_OperatingCashOutflowsforFinanceLeases" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_SwissConfederationLease4Member_77d33459-69cc-41c0-96f3-2f9a2741550f_terseLabel_en-US" xlink:label="lab_mtn_SwissConfederationLease4Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease4</link:label>
    <link:label id="lab_mtn_SwissConfederationLease4Member_label_en-US" xlink:label="lab_mtn_SwissConfederationLease4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease4 [Member]</link:label>
    <link:label id="lab_mtn_SwissConfederationLease4Member_documentation_en-US" xlink:label="lab_mtn_SwissConfederationLease4Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Swiss Confederation Lease4</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease4Member" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease4Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_SwissConfederationLease4Member" xlink:to="lab_mtn_SwissConfederationLease4Member" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SegmentDomain_061cc073-661e-49f4-a257-94fb6cd675e6_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reporting Segment [Domain]</link:label>
    <link:label id="lab_us-gaap_SegmentDomain_label_en-US" xlink:label="lab_us-gaap_SegmentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentDomain" xlink:to="lab_us-gaap_SegmentDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_37b2cd9c-7660-4742-9dc5-cdbbd9b10395_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_7b59e505-bf9d-4556-9ea7-69d500eec930_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Disclosure Items [Axis]</link:label>
    <link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_label_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Hierarchy and NAV [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue_002b1684-cac3-42db-93b9-e4fb47cbf453_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value, forfeited (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement SARs Forfeited In Period Weighted Average Grant Date Fair Value</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average fair value as of the grant date of stock appreciation rights that were not exercised or put into effect during the reporting period as a result of the occurrence of a terminating event specified in the contractual agreement of the plan.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:to="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue_b777f9da-0372-486e-a418-d912c038994e_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value, granted (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement SARs Grants In Period Weighted Average Grant Date Fair Value</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average fair value at grant date for nonvested stock appreciation rights issued during the period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="lab_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ConsolidationItemsDomain_f9501c3d-9076-422a-9be6-74fd32b617bc_terseLabel_en-US" xlink:label="lab_srt_ConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidation Items [Domain]</link:label>
    <link:label id="lab_srt_ConsolidationItemsDomain_label_en-US" xlink:label="lab_srt_ConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation Items [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidationItemsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationItemsDomain" xlink:to="lab_srt_ConsolidationItemsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1_b0bc6455-87c3-49e5-8cdd-bb6c609c6459_terseLabel_en-US" xlink:label="lab_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument Convertible Threshold Percentage of Stock Price Trigger 1</link:label>
    <link:label id="lab_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1_label_en-US" xlink:label="lab_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Convertible Threshold Percentage of Stock Price Trigger 1</link:label>
    <link:label id="lab_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1_documentation_en-US" xlink:label="lab_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument Convertible Threshold Percentage of Stock Price Trigger 1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1" xlink:to="lab_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_fe5eadaf-4c61-4707-8098-cfeed327e678_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained Earnings (Accumulated Deficit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="lab_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_25b0e716-e061-4969-8100-428da0777b41_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Abstract]</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_7a2f62d4-ae52-4b2b-9e91-e5f8abd772f2_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Face Amount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Face Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFaceAmount" xlink:to="lab_us-gaap_DebtInstrumentFaceAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_8c4a9aa7-def3-41a8-aa9a-ebab34379324_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LeasesAbstract_e77eed14-95b8-459b-8abe-097379fad2ce_terseLabel_en-US" xlink:label="lab_us-gaap_LeasesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leases [Abstract]</link:label>
    <link:label id="lab_us-gaap_LeasesAbstract_label_en-US" xlink:label="lab_us-gaap_LeasesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leases [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeasesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LeasesAbstract" xlink:to="lab_us-gaap_LeasesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdvertisingExpense_85330136-4d7d-401b-9987-52afc81a73fe_terseLabel_en-US" xlink:label="lab_us-gaap_AdvertisingExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advertising expense</link:label>
    <link:label id="lab_us-gaap_AdvertisingExpense_label_en-US" xlink:label="lab_us-gaap_AdvertisingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advertising Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdvertisingExpense" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdvertisingExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdvertisingExpense" xlink:to="lab_us-gaap_AdvertisingExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_9ce3f449-3be6-4b1e-94a3-73c5f09bdfee_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components Of Deferred Tax Liabilities And Assets</link:label>
    <link:label id="lab_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Deferred Tax Assets and Liabilities [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_a853526f-6f7d-49a0-bb39-f54cae2521e0_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_deed8538-52a4-41a3-b23c-3179de9cd29e_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Carrying Values and Estimated Fair Values of Debt Instruments</link:label>
    <link:label id="lab_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable_3e12d0e9-b1ed-4671-bb13-b3ef4245695d_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Revenues from External Customers and Long-Lived Assets [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Revenues from External Customers and Long-Lived Assets [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable" xlink:to="lab_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountainMember_d308d87f-d0a4-4c9f-a907-6b00ac0e6d10_terseLabel_en-US" xlink:label="lab_mtn_MountainMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain [Member]</link:label>
    <link:label id="lab_mtn_MountainMember_label_en-US" xlink:label="lab_mtn_MountainMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain [Member]</link:label>
    <link:label id="lab_mtn_MountainMember_documentation_en-US" xlink:label="lab_mtn_MountainMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mountain [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainMember" xlink:href="mtn-20240731.xsd#mtn_MountainMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainMember" xlink:to="lab_mtn_MountainMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDue_4de0aa8d-e535-4a16-a3b8-6f7e2e4ea02f_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, Payment, Due</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDue_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseLiabilityPaymentsDue" xlink:to="lab_us-gaap_FinanceLeaseLiabilityPaymentsDue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_021b4a60-2aca-4667-9143-15aa75cd9196_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from operating activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_StatementofComprehensiveIncomeParentheticalAbstract_3a99db30-83d1-4be2-ad68-645c178f15f3_terseLabel_en-US" xlink:label="lab_mtn_StatementofComprehensiveIncomeParentheticalAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income (Parenthetical) [Abstract]</link:label>
    <link:label id="lab_mtn_StatementofComprehensiveIncomeParentheticalAbstract_label_en-US" xlink:label="lab_mtn_StatementofComprehensiveIncomeParentheticalAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income (Parenthetical) [Abstract]</link:label>
    <link:label id="lab_mtn_StatementofComprehensiveIncomeParentheticalAbstract_documentation_en-US" xlink:label="lab_mtn_StatementofComprehensiveIncomeParentheticalAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income (Parenthetical) [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_StatementofComprehensiveIncomeParentheticalAbstract" xlink:href="mtn-20240731.xsd#mtn_StatementofComprehensiveIncomeParentheticalAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_StatementofComprehensiveIncomeParentheticalAbstract" xlink:to="lab_mtn_StatementofComprehensiveIncomeParentheticalAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_LesseeOperatingAndFinanceLeaseTerm_74efcf03-c8e9-40a7-b568-77ec0828d373_terseLabel_en-US" xlink:label="lab_mtn_LesseeOperatingAndFinanceLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lessee Operating And Finance Lease Term</link:label>
    <link:label id="lab_mtn_LesseeOperatingAndFinanceLeaseTerm_label_en-US" xlink:label="lab_mtn_LesseeOperatingAndFinanceLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee Operating And Finance Lease Term</link:label>
    <link:label id="lab_mtn_LesseeOperatingAndFinanceLeaseTerm_documentation_en-US" xlink:label="lab_mtn_LesseeOperatingAndFinanceLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lessee Operating And Finance Lease Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LesseeOperatingAndFinanceLeaseTerm" xlink:href="mtn-20240731.xsd#mtn_LesseeOperatingAndFinanceLeaseTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LesseeOperatingAndFinanceLeaseTerm" xlink:to="lab_mtn_LesseeOperatingAndFinanceLeaseTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_a390d9f8-00cc-438e-a248-3f5738477d03_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year One</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeasePayments_30e6cd79-8f71-4831-aed3-b179af90b606_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasePayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Lease, Payments</link:label>
    <link:label id="lab_us-gaap_OperatingLeasePayments_label_en-US" xlink:label="lab_us-gaap_OperatingLeasePayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeasePayments" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeasePayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasePayments" xlink:to="lab_us-gaap_OperatingLeasePayments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_ae1a3454-c27c-4a3e-afc9-c6face59615a_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Conversion Price</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Conversion Price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:to="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_JackFrostBigBoulderSecuredNoteMember_e1d5b4c1-9292-444c-a181-17ff3e917866_terseLabel_en-US" xlink:label="lab_mtn_JackFrostBigBoulderSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Jack Frost Big Boulder Secured Note [Member]</link:label>
    <link:label id="lab_mtn_JackFrostBigBoulderSecuredNoteMember_label_en-US" xlink:label="lab_mtn_JackFrostBigBoulderSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Jack Frost Big Boulder Secured Note [Member]</link:label>
    <link:label id="lab_mtn_JackFrostBigBoulderSecuredNoteMember_documentation_en-US" xlink:label="lab_mtn_JackFrostBigBoulderSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Jack Frost Big Boulder Secured Note [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_JackFrostBigBoulderSecuredNoteMember" xlink:href="mtn-20240731.xsd#mtn_JackFrostBigBoulderSecuredNoteMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_JackFrostBigBoulderSecuredNoteMember" xlink:to="lab_mtn_JackFrostBigBoulderSecuredNoteMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ProceedsFrom6.50SeniorNotes_bb945ef0-179e-41b3-b20b-41c7e3e62cf1_terseLabel_en-US" xlink:label="lab_mtn_ProceedsFrom6.50SeniorNotes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from borrowings under 6.50% Notes</link:label>
    <link:label id="lab_mtn_ProceedsFrom6.50SeniorNotes_label_en-US" xlink:label="lab_mtn_ProceedsFrom6.50SeniorNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from 6.50% Senior Notes</link:label>
    <link:label id="lab_mtn_ProceedsFrom6.50SeniorNotes_documentation_en-US" xlink:label="lab_mtn_ProceedsFrom6.50SeniorNotes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from 6.50% Senior Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ProceedsFrom6.50SeniorNotes" xlink:href="mtn-20240731.xsd#mtn_ProceedsFrom6.50SeniorNotes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ProceedsFrom6.50SeniorNotes" xlink:to="lab_mtn_ProceedsFrom6.50SeniorNotes" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LiabilityReserveEstimatePolicy_3c37f4b9-cd04-40a1-ba9b-fa6cedfa218f_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilityReserveEstimatePolicy" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reserve Estimates</link:label>
    <link:label id="lab_us-gaap_LiabilityReserveEstimatePolicy_label_en-US" xlink:label="lab_us-gaap_LiabilityReserveEstimatePolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability Reserve Estimate, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityReserveEstimatePolicy" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityReserveEstimatePolicy"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilityReserveEstimatePolicy" xlink:to="lab_us-gaap_LiabilityReserveEstimatePolicy" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours_7da91364-bf3f-4315-a4ca-68542f77aa40_terseLabel_en-US" xlink:label="lab_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total service period (in hours)</link:label>
    <link:label id="lab_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours_label_en-US" xlink:label="lab_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined ContributionPlan Individual Requisite Total Service Period In Hours</link:label>
    <link:label id="lab_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours_documentation_en-US" xlink:label="lab_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Requisite Employment Period in Hours to be eligible for the Company's matching contributions.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours" xlink:href="mtn-20240731.xsd#mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours" xlink:to="lab_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AuditorLocation_9b26a3c5-d371-43f8-aa93-2002cc30e43d_terseLabel_en-US" xlink:label="lab_dei_AuditorLocation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditor Location</link:label>
    <link:label id="lab_dei_AuditorLocation_label_en-US" xlink:label="lab_dei_AuditorLocation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Location</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorLocation" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorLocation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorLocation" xlink:to="lab_dei_AuditorLocation" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_InitialCapitalLeaseTerm_51d36e27-cb90-4a71-ab8b-cdc7bc032432_terseLabel_en-US" xlink:label="lab_mtn_InitialCapitalLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Initial Capital Lease Term</link:label>
    <link:label id="lab_mtn_InitialCapitalLeaseTerm_label_en-US" xlink:label="lab_mtn_InitialCapitalLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Initial Capital Lease Term</link:label>
    <link:label id="lab_mtn_InitialCapitalLeaseTerm_documentation_en-US" xlink:label="lab_mtn_InitialCapitalLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Initial Capital Lease Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InitialCapitalLeaseTerm" xlink:href="mtn-20240731.xsd#mtn_InitialCapitalLeaseTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_InitialCapitalLeaseTerm" xlink:to="lab_mtn_InitialCapitalLeaseTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_9b8b38e1-21ea-42d6-8ec6-3534bbf3faa4_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_aacf32d2-7c9a-4903-9c42-de3ef830d898_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod_6da7d59a-5e3a-4d89-9688-5b2648f37a2c_negatedLabel_en-US" xlink:label="lab_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Awards, vested (in shares)</link:label>
    <link:label id="lab_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod_label_en-US" xlink:label="lab_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The Number Of Restricted Stock Units Vested During The Period</link:label>
    <link:label id="lab_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod_documentation_en-US" xlink:label="lab_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of restricted stock units vested during the period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod" xlink:href="mtn-20240731.xsd#mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod" xlink:to="lab_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LeaseExpirationDate1_400047da-564a-486a-bcb8-6550600db356_terseLabel_en-US" xlink:label="lab_us-gaap_LeaseExpirationDate1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease Expiration Date</link:label>
    <link:label id="lab_us-gaap_LeaseExpirationDate1_label_en-US" xlink:label="lab_us-gaap_LeaseExpirationDate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Expiration Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseExpirationDate1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseExpirationDate1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LeaseExpirationDate1" xlink:to="lab_us-gaap_LeaseExpirationDate1" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_AndermattSedrunMember_c27af6ee-a97c-43c8-bf89-0ff5fa70de26_terseLabel_en-US" xlink:label="lab_mtn_AndermattSedrunMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Andermatt-Sedrun</link:label>
    <link:label id="lab_mtn_AndermattSedrunMember_label_en-US" xlink:label="lab_mtn_AndermattSedrunMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Andermatt-Sedrun [Member]</link:label>
    <link:label id="lab_mtn_AndermattSedrunMember_documentation_en-US" xlink:label="lab_mtn_AndermattSedrunMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Andermatt-Sedrun</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_AndermattSedrunMember" xlink:to="lab_mtn_AndermattSedrunMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice_86a09470-1501-4269-9782-acc477090ef4_verboseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price, granted (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Granted In Period Weighted Average Exercise Price</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on stock options and stock appreciation rights awarded under the plan during the reporting period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger_1a37c9a8-932f-4cc4-b78d-6e2d1dec792a_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger" xlink:to="lab_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedTradeNamesGross_f274e3e5-200d-425d-88ed-926e8ab9f5cb_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedTradeNamesGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross amortizable intangible assets</link:label>
    <link:label id="lab_us-gaap_FiniteLivedTradeNamesGross_label_en-US" xlink:label="lab_us-gaap_FiniteLivedTradeNamesGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Trade Names, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedTradeNamesGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedTradeNamesGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedTradeNamesGross" xlink:to="lab_us-gaap_FiniteLivedTradeNamesGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_2817597e-19f1-476a-854e-c1385868cd48_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, par value (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_label_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Par or Stated Value Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="lab_us-gaap_CommonStockParOrStatedValuePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_3f257178-ed59-490d-9066-9aed5f8cda24_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Other Adjustments, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ClassOfStockDomain_019c00ad-fd6f-482a-9de1-496b70355270_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:label id="lab_us-gaap_ClassOfStockDomain_label_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassOfStockDomain" xlink:to="lab_us-gaap_ClassOfStockDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_TrancheaMember_73805f97-5682-4c07-b8a6-0c864ea6b8f2_terseLabel_en-US" xlink:label="lab_mtn_TrancheaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tranche A [Member]</link:label>
    <link:label id="lab_mtn_TrancheaMember_label_en-US" xlink:label="lab_mtn_TrancheaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TrancheA [Member]</link:label>
    <link:label id="lab_mtn_TrancheaMember_documentation_en-US" xlink:label="lab_mtn_TrancheaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tranche A [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TrancheaMember" xlink:href="mtn-20240731.xsd#mtn_TrancheaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_TrancheaMember" xlink:to="lab_mtn_TrancheaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_eb86de8b-1751-4742-9d84-4ba52d1082f4_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems_78595a9f-380e-4cf8-aed8-467e53970b63_terseLabel_en-US" xlink:label="lab_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenues from External Customers and Long-Lived Assets [Line Items]</link:label>
    <link:label id="lab_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems_label_en-US" xlink:label="lab_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenues from External Customers and Long-Lived Assets [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:to="lab_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentAxis_38d79400-59d9-491e-8161-c85519c79a68_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument [Axis]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentAxis_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentAxis" xlink:to="lab_us-gaap_DebtInstrumentAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_6d708f7b-e0d1-47a4-a92e-1b3f3a24c150_terseLabel_en-US" xlink:label="lab_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Name of Property [Domain]</link:label>
    <link:label id="lab_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_label_en-US" xlink:label="lab_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Name of Property [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="lab_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_VehiclesGross_cb443e99-86ad-4051-bd88-7464ea929008_terseLabel_en-US" xlink:label="lab_mtn_VehiclesGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vehicles</link:label>
    <link:label id="lab_mtn_VehiclesGross_label_en-US" xlink:label="lab_mtn_VehiclesGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vehicles Gross</link:label>
    <link:label id="lab_mtn_VehiclesGross_documentation_en-US" xlink:label="lab_mtn_VehiclesGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross amount, as of the balance sheet date, of long-lived, depreciable assets that include automobiles and trucks.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_VehiclesGross" xlink:href="mtn-20240731.xsd#mtn_VehiclesGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_VehiclesGross" xlink:to="lab_mtn_VehiclesGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_79f59df0-8be9-464b-84a0-6669330c2de6_totalLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Effective tax rate</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseLiability_c1d8ac6e-c04d-4b8d-85eb-fd9bd8c62bd6_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Lease, Liability</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseLiability_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseLiability" xlink:to="lab_us-gaap_OperatingLeaseLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RepaymentsOfBorrowingsUnder6.25Notes_6b914d32-6af5-4a3f-b323-d391f55ea06a_negatedTerseLabel_en-US" xlink:label="lab_mtn_RepaymentsOfBorrowingsUnder6.25Notes" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayments of borrowings under 6.25% Notes</link:label>
    <link:label id="lab_mtn_RepaymentsOfBorrowingsUnder6.25Notes_label_en-US" xlink:label="lab_mtn_RepaymentsOfBorrowingsUnder6.25Notes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of borrowings under 6.25% Notes</link:label>
    <link:label id="lab_mtn_RepaymentsOfBorrowingsUnder6.25Notes_documentation_en-US" xlink:label="lab_mtn_RepaymentsOfBorrowingsUnder6.25Notes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repayments of borrowings under 6.25% Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsOfBorrowingsUnder6.25Notes" xlink:href="mtn-20240731.xsd#mtn_RepaymentsOfBorrowingsUnder6.25Notes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RepaymentsOfBorrowingsUnder6.25Notes" xlink:to="lab_mtn_RepaymentsOfBorrowingsUnder6.25Notes" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_GainOnSaleOfRealProperty_34338301-6e35-46f9-b52d-b5f5f8a16c8b_terseLabel_en-US" xlink:label="lab_mtn_GainOnSaleOfRealProperty" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of real property</link:label>
    <link:label id="lab_mtn_GainOnSaleOfRealProperty_label_en-US" xlink:label="lab_mtn_GainOnSaleOfRealProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on sale of real property</link:label>
    <link:label id="lab_mtn_GainOnSaleOfRealProperty_documentation_en-US" xlink:label="lab_mtn_GainOnSaleOfRealProperty" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The gains and losses included in results of operations resulting from the sale of land.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GainOnSaleOfRealProperty" xlink:href="mtn-20240731.xsd#mtn_GainOnSaleOfRealProperty"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_GainOnSaleOfRealProperty" xlink:to="lab_mtn_GainOnSaleOfRealProperty" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_fc3fbaab-f9d8-4d5f-97c4-9e5995b25914_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Aggregate Maturities For Debt Outstanding</link:label>
    <link:label id="lab_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Maturities of Long-Term Debt [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_Liabilities_68519134-d783-4678-9ff7-56d34da59c82_totalLabel_en-US" xlink:label="lab_us-gaap_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_us-gaap_Liabilities_label_en-US" xlink:label="lab_us-gaap_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Liabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Liabilities" xlink:to="lab_us-gaap_Liabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CurrentIncomeTaxExpenseBenefit_1efda879-2e13-419f-9919-7cc88c3fdfaf_totalLabel_en-US" xlink:label="lab_us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current</link:label>
    <link:label id="lab_us-gaap_CurrentIncomeTaxExpenseBenefit_label_en-US" xlink:label="lab_us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:to="lab_us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_ed6e3fde-01b9-456c-84a6-899f937fecee_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected volatility</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_77e3a392-3019-4406-b979-3f9dffbc4253_terseLabel_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Organization and Business</link:label>
    <link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:to="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BalanceSheetRelatedDisclosuresAbstract_b17aa32a-19c2-4e50-9a40-e2f8813a1281_terseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetRelatedDisclosuresAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance Sheet Related Disclosures [Abstract]</link:label>
    <link:label id="lab_us-gaap_BalanceSheetRelatedDisclosuresAbstract_label_en-US" xlink:label="lab_us-gaap_BalanceSheetRelatedDisclosuresAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Related Disclosures [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetRelatedDisclosuresAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract" xlink:to="lab_us-gaap_BalanceSheetRelatedDisclosuresAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_fd1c267c-670a-43f5-ac0f-5f74d59602d4_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Loss [Member]</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AOCI Attributable to Parent [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DefinedContributionPlanCostRecognized_7027e883-1dc8-4927-971c-3102ee0f77e3_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedContributionPlanCostRecognized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retirement plan expense</link:label>
    <link:label id="lab_us-gaap_DefinedContributionPlanCostRecognized_label_en-US" xlink:label="lab_us-gaap_DefinedContributionPlanCostRecognized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan, Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DefinedContributionPlanCostRecognized" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedContributionPlanCostRecognized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedContributionPlanCostRecognized" xlink:to="lab_us-gaap_DefinedContributionPlanCostRecognized" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtOtherDisclosuresAbstract_39e9516a-cd6e-4426-9356-082b41798277_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtOtherDisclosuresAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt, Other Disclosures [Abstract]</link:label>
    <link:label id="lab_us-gaap_LongTermDebtOtherDisclosuresAbstract_label_en-US" xlink:label="lab_us-gaap_LongTermDebtOtherDisclosuresAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Other Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtOtherDisclosuresAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract" xlink:to="lab_us-gaap_LongTermDebtOtherDisclosuresAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_FinanceLeasedAssetsLand_71307212-d6c8-413b-b0a4-76f9783dc6f4_verboseLabel_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsLand" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Purchase Price Allocation, Land</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsLand_b1d3ed4c-e9dd-4437-a8f7-db058f87dd5b_terseLabel_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsLand" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital Leased Assets, Land</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsLand_label_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsLand" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Leased Assets, Land</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsLand_documentation_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsLand" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross amount, as of the balance sheet date, of real estate land held for productive use under capital lease obligations. This excludes land held for sale and alterations to land which improves its potential for use. Generally consisting of items having limited lives, such as walkways, driveways, fences, and parking lots, such improvements are depreciated over the useful lives of the subject assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsLand" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsLand"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_FinanceLeasedAssetsLand" xlink:to="lab_mtn_FinanceLeasedAssetsLand" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ContractWithCustomerLiabilityNoncurrent_4c05482e-a147-4064-862c-1f941d45b02e_terseLabel_en-US" xlink:label="lab_us-gaap_ContractWithCustomerLiabilityNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contract with Customer, Liability, Noncurrent</link:label>
    <link:label id="lab_us-gaap_ContractWithCustomerLiabilityNoncurrent_label_en-US" xlink:label="lab_us-gaap_ContractWithCustomerLiabilityNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contract with Customer, Liability, Noncurrent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractWithCustomerLiabilityNoncurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ContractWithCustomerLiabilityNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractWithCustomerLiabilityNoncurrent" xlink:to="lab_us-gaap_ContractWithCustomerLiabilityNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_da71d5d7-1022-41bb-af38-fc047111959d_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted Cash and Cash Equivalents [Axis]</link:label>
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_label_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash and Cash Equivalents [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:to="lab_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue_f2629475-fae9-47ba-9cce-146bf56b53e9_periodEndLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Aggregate intrinsic value, outstanding ending balance</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Outstanding Intrinsic Value</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices pertaining to options and stock appreciation rights outstanding under the plan as of the balance sheet date.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtDisclosureAbstract_876a841c-5bab-4842-8622-e90c3193c2ef_terseLabel_en-US" xlink:label="lab_us-gaap_DebtDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Abstract]</link:label>
    <link:label id="lab_us-gaap_DebtDisclosureAbstract_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtDisclosureAbstract" xlink:to="lab_us-gaap_DebtDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountainRevenueNet_c500cdc9-2488-45b2-8418-23e7ed614db8_terseLabel_en-US" xlink:label="lab_mtn_MountainRevenueNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain Revenue Net</link:label>
    <link:label id="lab_mtn_MountainRevenueNet_64ff89d3-4f9c-4ad2-a92e-fbb7ecf7400b_netLabel_en-US" xlink:label="lab_mtn_MountainRevenueNet" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Mountain</link:label>
    <link:label id="lab_mtn_MountainRevenueNet_label_en-US" xlink:label="lab_mtn_MountainRevenueNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain Revenue Net</link:label>
    <link:label id="lab_mtn_MountainRevenueNet_documentation_en-US" xlink:label="lab_mtn_MountainRevenueNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue mainly derived from the sale of lift tickets and season ski passes, ski school, food and beverage, retail/rental and other revenue associated with mountain operations.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainRevenueNet" xlink:href="mtn-20240731.xsd#mtn_MountainRevenueNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainRevenueNet" xlink:to="lab_mtn_MountainRevenueNet" xlink:type="arc" order="1"/>
    <link:label id="lab_country_CA_0958f7f5-f84b-40af-a4f5-b099d52978b1_terseLabel_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CANADA</link:label>
    <link:label id="lab_country_CA_label_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CANADA</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_CA" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_CA"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CA" xlink:to="lab_country_CA" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7dc832d-32d8-41a7-9e6b-aba6f1cd52a5_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-Lived Tangible Asset [Domain]</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentTypeDomain_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Lived Tangible Asset [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_ed005388-cb43-481a-84f3-2416e3a4e21b_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: benefit for income taxes</link:label>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_label_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Expense, Tax Benefit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:to="lab_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EarningsPerShareAbstract_4c094238-12d8-4ec4-9c75-edb66021fd32_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Per share amounts (Note 5):</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareAbstract_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareAbstract" xlink:to="lab_us-gaap_EarningsPerShareAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_BusinessCombinationDepositsReturned_0e48fcee-5e55-4eda-aa2a-919091ea3086_terseLabel_en-US" xlink:label="lab_mtn_BusinessCombinationDepositsReturned" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposit returned (paid) for acquisition of business</link:label>
    <link:label id="lab_mtn_BusinessCombinationDepositsReturned_label_en-US" xlink:label="lab_mtn_BusinessCombinationDepositsReturned" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Deposits Returned</link:label>
    <link:label id="lab_mtn_BusinessCombinationDepositsReturned_documentation_en-US" xlink:label="lab_mtn_BusinessCombinationDepositsReturned" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Combination, Deposits Returned</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BusinessCombinationDepositsReturned" xlink:href="mtn-20240731.xsd#mtn_BusinessCombinationDepositsReturned"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_BusinessCombinationDepositsReturned" xlink:to="lab_mtn_BusinessCombinationDepositsReturned" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockValue_139f999f-b904-4182-b0b5-7c6a2c773c63_verboseLabel_en-US" xlink:label="lab_us-gaap_CommonStockValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Common stock, $0.01 par value, 100,000 shares authorized and 46,855 and 46,798 shares issued, respectively</link:label>
    <link:label id="lab_us-gaap_CommonStockValue_label_en-US" xlink:label="lab_us-gaap_CommonStockValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Value, Issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockValue" xlink:to="lab_us-gaap_CommonStockValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_f001a186-efe7-4c5b-a954-09aa3323417c_terseLabel_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
    <link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_label_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_FallsCreekMember_5b6b5222-98cb-4390-a6c2-d966b653ea83_terseLabel_en-US" xlink:label="lab_mtn_FallsCreekMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Falls Creek [Member]</link:label>
    <link:label id="lab_mtn_FallsCreekMember_label_en-US" xlink:label="lab_mtn_FallsCreekMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Falls Creek [Member]</link:label>
    <link:label id="lab_mtn_FallsCreekMember_documentation_en-US" xlink:label="lab_mtn_FallsCreekMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Falls Creek [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FallsCreekMember" xlink:href="mtn-20240731.xsd#mtn_FallsCreekMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_FallsCreekMember" xlink:to="lab_mtn_FallsCreekMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_c0f33388-6a24-4bfd-a4ef-6ffdb58110da_terseLabel_en-US" xlink:label="lab_us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current state</link:label>
    <link:label id="lab_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_label_en-US" xlink:label="lab_us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current State and Local Tax Expense (Benefit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:to="lab_us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssetsCurrent_da74c290-e0b9-49b8-9d51-568a0fedc151_totalLabel_en-US" xlink:label="lab_us-gaap_AssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current assets</link:label>
    <link:label id="lab_us-gaap_AssetsCurrent_label_en-US" xlink:label="lab_us-gaap_AssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsCurrent" xlink:to="lab_us-gaap_AssetsCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsForRent_fbdc19cd-6bc1-4988-b093-620eca24a5b2_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRent" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Payments for Rent</link:label>
    <link:label id="lab_us-gaap_PaymentsForRent_label_en-US" xlink:label="lab_us-gaap_PaymentsForRent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Rent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForRent" xlink:to="lab_us-gaap_PaymentsForRent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_6d46466d-bb0a-456e-852d-5c9db328f29a_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Standards Update [Axis]</link:label>
    <link:label id="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_label_en-US" xlink:label="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Standards Update [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:to="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_400dfafe-7f4d-4e99-a28c-e65063081369_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:to="lab_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFilerCategory_2da86952-9cb0-4066-9881-e5ae0f22b272_terseLabel_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:label id="lab_dei_EntityFilerCategory_label_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFilerCategory" xlink:to="lab_dei_EntityFilerCategory" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_EmployeeHousingBondsMember_76678d13-7d24-4ab0-94f4-e7d0763e9cda_terseLabel_en-US" xlink:label="lab_mtn_EmployeeHousingBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee Housing Bonds [Member]</link:label>
    <link:label id="lab_mtn_EmployeeHousingBondsMember_label_en-US" xlink:label="lab_mtn_EmployeeHousingBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Housing Bonds [Member]</link:label>
    <link:label id="lab_mtn_EmployeeHousingBondsMember_documentation_en-US" xlink:label="lab_mtn_EmployeeHousingBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Employee Housing Bonds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EmployeeHousingBondsMember" xlink:href="mtn-20240731.xsd#mtn_EmployeeHousingBondsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_EmployeeHousingBondsMember" xlink:to="lab_mtn_EmployeeHousingBondsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_db10486b-b138-4431-96da-1766c6e3de61_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfTreasuryStockByClassTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Repurchase Plan</link:label>
    <link:label id="lab_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfTreasuryStockByClassTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Treasury Stock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfTreasuryStockByClassTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfTreasuryStockByClassTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfTreasuryStockByClassTextBlock" xlink:to="lab_us-gaap_ScheduleOfTreasuryStockByClassTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RealEstateRevenue_94bf6966-eaf1-4bbb-b962-2c867c0fe818_terseLabel_en-US" xlink:label="lab_mtn_RealEstateRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real Estate</link:label>
    <link:label id="lab_mtn_RealEstateRevenue_label_en-US" xlink:label="lab_mtn_RealEstateRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Revenue</link:label>
    <link:label id="lab_mtn_RealEstateRevenue_documentation_en-US" xlink:label="lab_mtn_RealEstateRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Real Estate Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateRevenue" xlink:href="mtn-20240731.xsd#mtn_RealEstateRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RealEstateRevenue" xlink:to="lab_mtn_RealEstateRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementTable_f7a0558d-011d-4458-b276-143960ae1e4a_terseLabel_en-US" xlink:label="lab_us-gaap_StatementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement [Table]</link:label>
    <link:label id="lab_us-gaap_StatementTable_label_en-US" xlink:label="lab_us-gaap_StatementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementTable" xlink:to="lab_us-gaap_StatementTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SubsegmentsDomain_c427cf8d-38d2-420a-baa4-53c3f5f0b375_terseLabel_en-US" xlink:label="lab_us-gaap_SubsegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsegments [Domain]</link:label>
    <link:label id="lab_us-gaap_SubsegmentsDomain_label_en-US" xlink:label="lab_us-gaap_SubsegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsegments [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsegmentsDomain" xlink:to="lab_us-gaap_SubsegmentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_7c866069-c0e2-4eba-b2f2-6093a583c99d_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_label_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate" xlink:to="lab_dei_CurrentFiscalYearEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccountsPayableTradeCurrent_b64bb193-c8d1-4b5b-a848-d1e36d549beb_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableTradeCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade payables</link:label>
    <link:label id="lab_us-gaap_AccountsPayableTradeCurrent_label_en-US" xlink:label="lab_us-gaap_AccountsPayableTradeCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable, Trade, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableTradeCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsPayableTradeCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableTradeCurrent" xlink:to="lab_us-gaap_AccountsPayableTradeCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_fd24d76a-e0d9-4150-9be8-8804cc794f48_terseLabel_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Accounting Standards</link:label>
    <link:label id="lab_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_label_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Standards Update and Change in Accounting Principle [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:to="lab_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_08721f2c-1c00-49af-8536-4b6d545b474e_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation</link:label>
    <link:label id="lab_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_NorthstarResortFinanceLeasesMember_cf4d197e-f753-4b54-a169-4e6bbd9edc02_terseLabel_en-US" xlink:label="lab_mtn_NorthstarResortFinanceLeasesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Northstar Resort Finance Leases</link:label>
    <link:label id="lab_mtn_NorthstarResortFinanceLeasesMember_label_en-US" xlink:label="lab_mtn_NorthstarResortFinanceLeasesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Northstar Resort Finance Leases [Member]</link:label>
    <link:label id="lab_mtn_NorthstarResortFinanceLeasesMember_documentation_en-US" xlink:label="lab_mtn_NorthstarResortFinanceLeasesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Northstar Resort Finance Leases</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarResortFinanceLeasesMember" xlink:href="mtn-20240731.xsd#mtn_NorthstarResortFinanceLeasesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_NorthstarResortFinanceLeasesMember" xlink:to="lab_mtn_NorthstarResortFinanceLeasesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_e7f56d2f-4f96-4fc8-a1c3-a8717e0bbcd7_terseLabel_en-US" xlink:label="lab_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments</link:label>
    <link:label id="lab_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_label_en-US" xlink:label="lab_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:to="lab_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefits_32b52ef6-a687-4ed9-817e-c3908ffe4b01_terseLabel_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits</link:label>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefits_label_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefits" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrecognizedTaxBenefits" xlink:to="lab_us-gaap_UnrecognizedTaxBenefits" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IndefiniteLivedTrademarks_0e8fa1f2-41f0-4822-9757-44a3b4b5a329_terseLabel_en-US" xlink:label="lab_us-gaap_IndefiniteLivedTrademarks" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indefinite-Lived Trademarks</link:label>
    <link:label id="lab_us-gaap_IndefiniteLivedTrademarks_label_en-US" xlink:label="lab_us-gaap_IndefiniteLivedTrademarks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indefinite-Lived Trademarks</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedTrademarks" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedTrademarks"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IndefiniteLivedTrademarks" xlink:to="lab_us-gaap_IndefiniteLivedTrademarks" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxAuthorityAxis_e2411b2b-488d-4afa-9f86-ab2ac32ad2c2_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxAuthorityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards by Tax Authority [Axis]</link:label>
    <link:label id="lab_us-gaap_IncomeTaxAuthorityAxis_label_en-US" xlink:label="lab_us-gaap_IncomeTaxAuthorityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Authority [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxAuthorityAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxAuthorityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxAuthorityAxis" xlink:to="lab_us-gaap_IncomeTaxAuthorityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue_f7ee443a-9c00-431a-8eb4-091172ecabe6_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Cash Flow Hedge Asset at Fair Value</link:label>
    <link:label id="lab_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue_label_en-US" xlink:label="lab_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Cash Flow Hedge Asset at Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateCashFlowHedgeAssetAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:to="lab_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PreferredStockSharesAuthorized_66f0d3b9-c76a-4e1d-a666-86640f456132_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock, shares authorized</link:label>
    <link:label id="lab_us-gaap_PreferredStockSharesAuthorized_label_en-US" xlink:label="lab_us-gaap_PreferredStockSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Shares Authorized</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesAuthorized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesAuthorized" xlink:to="lab_us-gaap_PreferredStockSharesAuthorized" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_LodgingExpensesNet_c5fd171a-30fa-4d17-b429-223e9a735500_terseLabel_en-US" xlink:label="lab_mtn_LodgingExpensesNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lodging</link:label>
    <link:label id="lab_mtn_LodgingExpensesNet_label_en-US" xlink:label="lab_mtn_LodgingExpensesNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lodging Expenses Net</link:label>
    <link:label id="lab_mtn_LodgingExpensesNet_documentation_en-US" xlink:label="lab_mtn_LodgingExpensesNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costs incurred that are directly related to generating lodging revenues, including labor and labor-related benefits and general and administrative expenses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingExpensesNet" xlink:href="mtn-20240731.xsd#mtn_LodgingExpensesNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LodgingExpensesNet" xlink:to="lab_mtn_LodgingExpensesNet" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DefinedContributionPlanEmployeeContributionPercentage_f4ed9358-e567-418f-adfa-b2ac442d2b7f_terseLabel_en-US" xlink:label="lab_mtn_DefinedContributionPlanEmployeeContributionPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee contribution percentage</link:label>
    <link:label id="lab_mtn_DefinedContributionPlanEmployeeContributionPercentage_label_en-US" xlink:label="lab_mtn_DefinedContributionPlanEmployeeContributionPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan Employee Contribution Percentage</link:label>
    <link:label id="lab_mtn_DefinedContributionPlanEmployeeContributionPercentage_documentation_en-US" xlink:label="lab_mtn_DefinedContributionPlanEmployeeContributionPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan, Maximum Employee Contribution Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DefinedContributionPlanEmployeeContributionPercentage" xlink:href="mtn-20240731.xsd#mtn_DefinedContributionPlanEmployeeContributionPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DefinedContributionPlanEmployeeContributionPercentage" xlink:to="lab_mtn_DefinedContributionPlanEmployeeContributionPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_4e4de6db-0396-4c93-afca-34698364a4a6_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">State income tax, net of federal benefit</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_202e5c24-9fb4-42f2-8ac5-c3c6aad74b93_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Five</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Five</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfGoodwillTextBlock_1ba38b11-8b87-4f12-b469-ef76095f74b4_verboseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfGoodwillTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Changes In Goodwill Amount</link:label>
    <link:label id="lab_us-gaap_ScheduleOfGoodwillTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfGoodwillTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Goodwill [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfGoodwillTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfGoodwillTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfGoodwillTextBlock" xlink:to="lab_us-gaap_ScheduleOfGoodwillTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_a5696d0f-aebf-42e5-9715-721dbf76c3a4_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net</link:label>
    <link:label id="lab_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_label_en-US" xlink:label="lab_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:to="lab_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PreferredStockSharesOutstanding_121e48c9-ee6d-4686-a2eb-c7bcf1733da2_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock, shares outstanding</link:label>
    <link:label id="lab_us-gaap_PreferredStockSharesOutstanding_label_en-US" xlink:label="lab_us-gaap_PreferredStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Shares Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesOutstanding" xlink:to="lab_us-gaap_PreferredStockSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AcceleratedShareRepurchasesLineItems_d2eb5b7a-3e48-4a77-9197-2bc8a4dcf349_terseLabel_en-US" xlink:label="lab_us-gaap_AcceleratedShareRepurchasesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accelerated Share Repurchases [Line Items]</link:label>
    <link:label id="lab_us-gaap_AcceleratedShareRepurchasesLineItems_label_en-US" xlink:label="lab_us-gaap_AcceleratedShareRepurchasesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accelerated Share Repurchases [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesLineItems" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems" xlink:to="lab_us-gaap_AcceleratedShareRepurchasesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour_7c61712e-0344-4c79-a105-040cf07a39b2_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, Year Four</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, Year Four</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour" xlink:to="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RealEstateExpense_9094f7be-0a6c-41f1-9010-fc92e485b3e0_verboseLabel_en-US" xlink:label="lab_mtn_RealEstateExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Real Estate</link:label>
    <link:label id="lab_mtn_RealEstateExpense_c8431898-69ca-41f4-a3da-744348a9cbcd_terseLabel_en-US" xlink:label="lab_mtn_RealEstateExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real estate</link:label>
    <link:label id="lab_mtn_RealEstateExpense_label_en-US" xlink:label="lab_mtn_RealEstateExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real estate expense</link:label>
    <link:label id="lab_mtn_RealEstateExpense_documentation_en-US" xlink:label="lab_mtn_RealEstateExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costs incurred that are directly related to generating real estate revenues, including cost of sales (including sales commissions), labor and labor-related benefits, general and administrative expenses and other expenses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateExpense" xlink:href="mtn-20240731.xsd#mtn_RealEstateExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RealEstateExpense" xlink:to="lab_mtn_RealEstateExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_HunterMountainSecuredNoteMember_bbcda30f-f820-4a90-b043-91c931621f2c_terseLabel_en-US" xlink:label="lab_mtn_HunterMountainSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hunter Mountain Secured Note [Member]</link:label>
    <link:label id="lab_mtn_HunterMountainSecuredNoteMember_label_en-US" xlink:label="lab_mtn_HunterMountainSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hunter Mountain Secured Note [Member]</link:label>
    <link:label id="lab_mtn_HunterMountainSecuredNoteMember_documentation_en-US" xlink:label="lab_mtn_HunterMountainSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hunter Mountain Secured Note [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HunterMountainSecuredNoteMember" xlink:href="mtn-20240731.xsd#mtn_HunterMountainSecuredNoteMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_HunterMountainSecuredNoteMember" xlink:to="lab_mtn_HunterMountainSecuredNoteMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_PayrollcostreimbursementsMember_e211bbf3-f0ed-4cc0-b56f-38434c80f094_terseLabel_en-US" xlink:label="lab_mtn_PayrollcostreimbursementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payroll cost reimbursements</link:label>
    <link:label id="lab_mtn_PayrollcostreimbursementsMember_label_en-US" xlink:label="lab_mtn_PayrollcostreimbursementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payroll cost reimbursements [Member]</link:label>
    <link:label id="lab_mtn_PayrollcostreimbursementsMember_documentation_en-US" xlink:label="lab_mtn_PayrollcostreimbursementsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payroll cost reimbursements [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PayrollcostreimbursementsMember" xlink:href="mtn-20240731.xsd#mtn_PayrollcostreimbursementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_PayrollcostreimbursementsMember" xlink:to="lab_mtn_PayrollcostreimbursementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TradeAndOtherAccountsReceivablePolicy_1bdc4533-93d8-44ee-b0d4-47dcc242d4c8_terseLabel_en-US" xlink:label="lab_us-gaap_TradeAndOtherAccountsReceivablePolicy" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts Receivable</link:label>
    <link:label id="lab_us-gaap_TradeAndOtherAccountsReceivablePolicy_label_en-US" xlink:label="lab_us-gaap_TradeAndOtherAccountsReceivablePolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Receivable [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradeAndOtherAccountsReceivablePolicy" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TradeAndOtherAccountsReceivablePolicy"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TradeAndOtherAccountsReceivablePolicy" xlink:to="lab_us-gaap_TradeAndOtherAccountsReceivablePolicy" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost_9ad4fd75-13a2-4dd6-8960-fcd734c50c78_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:to="lab_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7baeb9ae-3c58-4034-9a0a-80baae741827_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementClassOfStockAxis_1fa8c053-8636-48cf-9915-680a177d6d8a_terseLabel_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementClassOfStockAxis_label_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementClassOfStockAxis" xlink:to="lab_us-gaap_StatementClassOfStockAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherAccruedLiabilitiesCurrent_182b6e0c-05b6-4573-866a-81e804a58229_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAccruedLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other accruals</link:label>
    <link:label id="lab_us-gaap_OtherAccruedLiabilitiesCurrent_label_en-US" xlink:label="lab_us-gaap_OtherAccruedLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Accrued Liabilities, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAccruedLiabilitiesCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAccruedLiabilitiesCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAccruedLiabilitiesCurrent" xlink:to="lab_us-gaap_OtherAccruedLiabilitiesCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AcceleratedShareRepurchasesDateAxis_a10640f1-c888-4e68-a24b-96879c2c315f_terseLabel_en-US" xlink:label="lab_us-gaap_AcceleratedShareRepurchasesDateAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accelerated Share Repurchases, Date [Axis]</link:label>
    <link:label id="lab_us-gaap_AcceleratedShareRepurchasesDateAxis_label_en-US" xlink:label="lab_us-gaap_AcceleratedShareRepurchasesDateAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accelerated Share Repurchases, Date [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesDateAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesDateAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesDateAxis" xlink:to="lab_us-gaap_AcceleratedShareRepurchasesDateAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccruedSalariesCurrent_e21271d0-0adc-46e4-a37d-4565213527ac_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedSalariesCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued salaries, wages and deferred compensation</link:label>
    <link:label id="lab_us-gaap_AccruedSalariesCurrent_label_en-US" xlink:label="lab_us-gaap_AccruedSalariesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Salaries, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedSalariesCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedSalariesCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedSalariesCurrent" xlink:to="lab_us-gaap_AccruedSalariesCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock_a2cdd47f-8b1b-45ef-beee-c89d542f93a5_terseLabel_en-US" xlink:label="lab_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance Sheet Summary of Deferred Tax Assets and Liabilities [Table Text Block]</link:label>
    <link:label id="lab_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Summary of Deferred Tax Assets and Liabilities [Table Text Block]</link:label>
    <link:label id="lab_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balance Sheet Summary of Deferred Tax Assets and Liabilities [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock" xlink:href="mtn-20240731.xsd#mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock" xlink:to="lab_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice_349b34a3-0a2b-4291-b4f3-9f5c51292e0a_periodStartLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price, outstanding beginning balance (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice_e704a860-9e41-4f5b-89b9-a01150570607_periodEndLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price, outstanding ending balance (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Outstanding Weighted Average Exercise Price</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average price as of the beginning of the year at which grantees can acquire the shares reserved for issuance under the plan for options and stock appreciation rights.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_8375b775-d877-4988-97d8-783c4cab459b_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other assets and liabilities, net</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Operating Assets and Liabilities, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_UnrecognizedCompensationExpenseAxis_1e47d62d-ca38-47b5-a7f5-97e25ceafc1a_terseLabel_en-US" xlink:label="lab_mtn_UnrecognizedCompensationExpenseAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized Compensation Expense [Axis]</link:label>
    <link:label id="lab_mtn_UnrecognizedCompensationExpenseAxis_label_en-US" xlink:label="lab_mtn_UnrecognizedCompensationExpenseAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized Compensation Expense [Axis]</link:label>
    <link:label id="lab_mtn_UnrecognizedCompensationExpenseAxis_documentation_en-US" xlink:label="lab_mtn_UnrecognizedCompensationExpenseAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unrecognized Compensation Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseAxis" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_UnrecognizedCompensationExpenseAxis" xlink:to="lab_mtn_UnrecognizedCompensationExpenseAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FurnitureAndFixturesMember_56e2a467-18d8-452e-a177-41d988693142_terseLabel_en-US" xlink:label="lab_us-gaap_FurnitureAndFixturesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Furniture and Fixtures [Member]</link:label>
    <link:label id="lab_us-gaap_FurnitureAndFixturesMember_label_en-US" xlink:label="lab_us-gaap_FurnitureAndFixturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Furniture and Fixtures [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FurnitureAndFixturesMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FurnitureAndFixturesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FurnitureAndFixturesMember" xlink:to="lab_us-gaap_FurnitureAndFixturesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_3cc4c89f-b6a9-49a4-b2f0-b24fef23dc1d_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementOfFinancialPositionAbstract_71efa7b4-7686-4354-9fb4-ce3112f0c144_terseLabel_en-US" xlink:label="lab_us-gaap_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
    <link:label id="lab_us-gaap_StatementOfFinancialPositionAbstract_label_en-US" xlink:label="lab_us-gaap_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract" xlink:to="lab_us-gaap_StatementOfFinancialPositionAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockholdersEquity_60cd7987-e7cd-4981-862d-6e8528467dcc_totalLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Vail Resorts, Inc. stockholders&#8217; equity</link:label>
    <link:label id="lab_us-gaap_StockholdersEquity_label_en-US" xlink:label="lab_us-gaap_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity, Attributable to Parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquity" xlink:to="lab_us-gaap_StockholdersEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ConsolidationItemsAxis_42bc40c4-651c-4139-a826-dbc3b0fb5879_terseLabel_en-US" xlink:label="lab_srt_ConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidation Items [Axis]</link:label>
    <link:label id="lab_srt_ConsolidationItemsAxis_label_en-US" xlink:label="lab_srt_ConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation Items [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidationItemsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationItemsAxis" xlink:to="lab_srt_ConsolidationItemsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommercialPaperMember_a009ae91-2b1a-483e-9008-e289114d33fa_terseLabel_en-US" xlink:label="lab_us-gaap_CommercialPaperMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commercial Paper [Member]</link:label>
    <link:label id="lab_us-gaap_CommercialPaperMember_label_en-US" xlink:label="lab_us-gaap_CommercialPaperMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Paper [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommercialPaperMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommercialPaperMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommercialPaperMember" xlink:to="lab_us-gaap_CommercialPaperMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1_78bf060a-5c7c-468d-9a38-964e57a7014e_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1" xlink:to="lab_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountainandLodginggeneralandadministrativeexpense_17ada0de-f8fb-451c-98a4-db4a328808cc_terseLabel_en-US" xlink:label="lab_mtn_MountainandLodginggeneralandadministrativeexpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
    <link:label id="lab_mtn_MountainandLodginggeneralandadministrativeexpense_label_en-US" xlink:label="lab_mtn_MountainandLodginggeneralandadministrativeexpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain and Lodging general and administrative expense</link:label>
    <link:label id="lab_mtn_MountainandLodginggeneralandadministrativeexpense_documentation_en-US" xlink:label="lab_mtn_MountainandLodginggeneralandadministrativeexpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mountain and Lodging general and administrative expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodginggeneralandadministrativeexpense" xlink:href="mtn-20240731.xsd#mtn_MountainandLodginggeneralandadministrativeexpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainandLodginggeneralandadministrativeexpense" xlink:to="lab_mtn_MountainandLodginggeneralandadministrativeexpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions_3d1fdea9-6d5e-4063-acaf-960ba3e00ad7_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payment Arrangement, Exercise of Option, Tax Benefit</link:label>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions_label_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Exercise of Option, Tax Benefit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions" xlink:to="lab_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NoncurrentAssets_743a1c6d-2cdd-428a-8791-156541305739_terseLabel_en-US" xlink:label="lab_us-gaap_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
    <link:label id="lab_us-gaap_NoncurrentAssets_label_en-US" xlink:label="lab_us-gaap_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Lived Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncurrentAssets" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncurrentAssets" xlink:to="lab_us-gaap_NoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod_84e8ce15-324d-4e83-bd76-14e79cb7a19a_negatedLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Awards, forfeited (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement Restricted Stock Units Forfeited In Period</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of restricted share units, that were forfeited during the reporting period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod" xlink:to="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxAssetsInvestments_8080874d-5060-480d-853a-0f747d640c32_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Investments</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsInvestments_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsInvestments" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsInvestments" xlink:to="lab_us-gaap_DeferredTaxAssetsInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_f8099667-88a3-4b30-a7e2-d26942b70814_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInDeferredRevenue_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Deferred Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:to="lab_us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue_eddf4871-f781-43ed-b662-e376b92c26a8_periodEndLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Aggregate intrinsic value, exercisable ending balance</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share based Compensation Arrangement By Share based Payment Award Options And SARs Exercisable Intrinsic Value</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices of vested portions of options and stock appreciation rights outstanding and currently exercisable under the option plan as of the balance sheet date.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxAssetsValuationAllowance_3ae80649-4ce1-447c-b009-d2abff4a86e5_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsValuationAllowance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Valuation Allowance</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsValuationAllowance_145b66bb-2514-4af6-9ede-51901878d510_negatedLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsValuationAllowance" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Valuation allowance for deferred income taxes</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsValuationAllowance_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsValuationAllowance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Valuation Allowance</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsValuationAllowance" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsValuationAllowance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsValuationAllowance" xlink:to="lab_us-gaap_DeferredTaxAssetsValuationAllowance" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_84cb9857-ec37-447f-b9d8-fdd5104b823f_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_74d51f4e-6f82-457b-91a5-797a8a5cb34a_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Summary Of Cash Equivalents Measured At Fair Value</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization_2bf9d8e0-04ee-4c04-a171-048c0dd2a96c_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, Accumulated Amortization</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, Accumulated Amortization</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization" xlink:to="lab_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ConvertibleNotesPayableMember_4d6cc2b0-c59e-461e-81b2-e2e6694dfc03_terseLabel_en-US" xlink:label="lab_us-gaap_ConvertibleNotesPayableMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Notes Payable</link:label>
    <link:label id="lab_us-gaap_ConvertibleNotesPayableMember_label_en-US" xlink:label="lab_us-gaap_ConvertibleNotesPayableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Notes Payable [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleNotesPayableMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleNotesPayableMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConvertibleNotesPayableMember" xlink:to="lab_us-gaap_ConvertibleNotesPayableMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ContractWithCustomerLiabilityRevenueRecognized_d8d596b3-1654-4d89-84f7-01deb33f38a4_terseLabel_en-US" xlink:label="lab_us-gaap_ContractWithCustomerLiabilityRevenueRecognized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recognition of Deferred Revenue</link:label>
    <link:label id="lab_us-gaap_ContractWithCustomerLiabilityRevenueRecognized_label_en-US" xlink:label="lab_us-gaap_ContractWithCustomerLiabilityRevenueRecognized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contract with Customer, Liability, Revenue Recognized</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractWithCustomerLiabilityRevenueRecognized" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ContractWithCustomerLiabilityRevenueRecognized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractWithCustomerLiabilityRevenueRecognized" xlink:to="lab_us-gaap_ContractWithCustomerLiabilityRevenueRecognized" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SubsegmentsAxis_37a48631-5045-4fbd-b5c8-f0f08ddad53c_terseLabel_en-US" xlink:label="lab_us-gaap_SubsegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsegments [Axis]</link:label>
    <link:label id="lab_us-gaap_SubsegmentsAxis_label_en-US" xlink:label="lab_us-gaap_SubsegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsegments [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsegmentsAxis" xlink:to="lab_us-gaap_SubsegmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SubsegmentsConsolidationItemsAxis_d8929ccf-8f29-48f3-abd6-da8e3b42ca9f_terseLabel_en-US" xlink:label="lab_us-gaap_SubsegmentsConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsegments Consolidation Items [Axis]</link:label>
    <link:label id="lab_us-gaap_SubsegmentsConsolidationItemsAxis_label_en-US" xlink:label="lab_us-gaap_SubsegmentsConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsegments Consolidation Items [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsConsolidationItemsAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsConsolidationItemsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsegmentsConsolidationItemsAxis" xlink:to="lab_us-gaap_SubsegmentsConsolidationItemsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_9be506a7-7c96-4fe8-af28-75e236f3d3ba_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_09ea6952-a020-45bd-a4fb-47d8ce8d5a2e_netLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Foreign currency translation adjustments</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_6b214b16-9eb7-40ca-9bad-b6d9d40a50c0_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Foreign currency translation adjustments</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_1ed14047-9027-4188-9044-796c0b2d667e_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected term (average in years)</link:label>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_label_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:to="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SubsequentEventsAbstract_label_en-US" xlink:label="lab_us-gaap_SubsequentEventsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Events [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventsAbstract" xlink:to="lab_us-gaap_SubsequentEventsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_3e82765d-1a0d-4dbe-b811-ade0a0a35867_totalLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income before provision for income taxes</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_75451b1d-c6c8-4ea3-b364-986d03620740_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income before provision for income taxes</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtAndCapitalLeaseObligations_76de65ab-7595-4d0a-8366-9dd988871fd0_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtAndCapitalLeaseObligations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt, net (Note 6)</link:label>
    <link:label id="lab_us-gaap_LongTermDebtAndCapitalLeaseObligations_label_en-US" xlink:label="lab_us-gaap_LongTermDebtAndCapitalLeaseObligations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt and Lease Obligation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations" xlink:to="lab_us-gaap_LongTermDebtAndCapitalLeaseObligations" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_FederalOfficeOfTransportConcession2Member_3e788895-25c3-43ba-bc48-7322f58e3bf6_terseLabel_en-US" xlink:label="lab_mtn_FederalOfficeOfTransportConcession2Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Federal Office of Transport Concession2</link:label>
    <link:label id="lab_mtn_FederalOfficeOfTransportConcession2Member_label_en-US" xlink:label="lab_mtn_FederalOfficeOfTransportConcession2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Federal Office of Transport Concession2 [Member]</link:label>
    <link:label id="lab_mtn_FederalOfficeOfTransportConcession2Member_documentation_en-US" xlink:label="lab_mtn_FederalOfficeOfTransportConcession2Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Federal Office of Transport Concession2</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FederalOfficeOfTransportConcession2Member" xlink:href="mtn-20240731.xsd#mtn_FederalOfficeOfTransportConcession2Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_FederalOfficeOfTransportConcession2Member" xlink:to="lab_mtn_FederalOfficeOfTransportConcession2Member" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract_2af178a2-38fe-4d6b-bc2f-ad6e38c4f148_terseLabel_en-US" xlink:label="lab_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components of Income Before Income Taxes [Abstract]</link:label>
    <link:label id="lab_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract_label_en-US" xlink:label="lab_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of Income Before Income Taxes [Abstract]</link:label>
    <link:label id="lab_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract_documentation_en-US" xlink:label="lab_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Components of Income Before Income Taxes [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract" xlink:href="mtn-20240731.xsd#mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract" xlink:to="lab_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EarningsPerShareReconciliationAbstract_74fee49f-5fd8-41a6-9c0d-0d7fb0e6ee32_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareReconciliationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings Per Share Reconciliation [Abstract]</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareReconciliationAbstract_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareReconciliationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share Reconciliation [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareReconciliationAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareReconciliationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareReconciliationAbstract" xlink:to="lab_us-gaap_EarningsPerShareReconciliationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis_27f7485d-d5d2-4db1-ba2f-b233fcfebf96_verboseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment by Type [Axis]</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis_0c723bf8-f8c5-465d-8ad5-1dd028fb58e1_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-Lived Tangible Asset [Axis]</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Lived Tangible Asset [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DepreciationAndAmortization_c8a4bb4a-b097-4806-abc9-e4d49a105ff8_negatedLabel_en-US" xlink:label="lab_us-gaap_DepreciationAndAmortization" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:label id="lab_us-gaap_DepreciationAndAmortization_ff92d740-0e37-4a8f-a7eb-435cf6fa2d59_terseLabel_en-US" xlink:label="lab_us-gaap_DepreciationAndAmortization" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:label id="lab_us-gaap_DepreciationAndAmortization_label_en-US" xlink:label="lab_us-gaap_DepreciationAndAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation, Depletion and Amortization, Nonproduction</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DepreciationAndAmortization" xlink:to="lab_us-gaap_DepreciationAndAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PreferredStockSharesIssued_664b4470-3dd9-4813-814e-aa3f3ca7fcc3_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock, shares issued</link:label>
    <link:label id="lab_us-gaap_PreferredStockSharesIssued_label_en-US" xlink:label="lab_us-gaap_PreferredStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Shares Issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesIssued" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesIssued" xlink:to="lab_us-gaap_PreferredStockSharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_55c19966-0149-44af-a8ec-0104e3215050_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_c96e569f-6a96-41fd-9a4e-b28a14debecd_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 2 [Member]</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 2 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel2Member" xlink:to="lab_us-gaap_FairValueInputsLevel2Member" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_4a4484fc-614d-4cf0-ae40-00f4d189306f_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DeferredTaxAssetsOperatingLeaseLiabilities_1015bddc-cb27-42c4-9898-c81eb82c50c9_terseLabel_en-US" xlink:label="lab_mtn_DeferredTaxAssetsOperatingLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Operating Lease Liabilities</link:label>
    <link:label id="lab_mtn_DeferredTaxAssetsOperatingLeaseLiabilities_label_en-US" xlink:label="lab_mtn_DeferredTaxAssetsOperatingLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Operating Lease Liabilities</link:label>
    <link:label id="lab_mtn_DeferredTaxAssetsOperatingLeaseLiabilities_documentation_en-US" xlink:label="lab_mtn_DeferredTaxAssetsOperatingLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Operating Lease Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DeferredTaxAssetsOperatingLeaseLiabilities" xlink:href="mtn-20240731.xsd#mtn_DeferredTaxAssetsOperatingLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DeferredTaxAssetsOperatingLeaseLiabilities" xlink:to="lab_mtn_DeferredTaxAssetsOperatingLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsToAcquireProductiveAssets_6d91a817-1de1-4370-bb76-03509b2e7b38_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireProductiveAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireProductiveAssets_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireProductiveAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Productive Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireProductiveAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireProductiveAssets" xlink:to="lab_us-gaap_PaymentsToAcquireProductiveAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RepaymentsofTermLoan_f871b725-a21f-4b34-afcd-4c18476034fd_negatedTerseLabel_en-US" xlink:label="lab_mtn_RepaymentsofTermLoan" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayments of borrowings under Vail Holdings Credit Agreement</link:label>
    <link:label id="lab_mtn_RepaymentsofTermLoan_label_en-US" xlink:label="lab_mtn_RepaymentsofTermLoan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of Term Loan</link:label>
    <link:label id="lab_mtn_RepaymentsofTermLoan_documentation_en-US" xlink:label="lab_mtn_RepaymentsofTermLoan" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repayments of Term Loan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsofTermLoan" xlink:href="mtn-20240731.xsd#mtn_RepaymentsofTermLoan"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RepaymentsofTermLoan" xlink:to="lab_mtn_RepaymentsofTermLoan" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_7ecacfb5-b475-4c50-a734-271017a0c0c5_terseLabel_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets, net (Note 8)</link:label>
    <link:label id="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_a7e18892-41c2-4be0-b72a-eef249128022_totalLabel_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Intangible Assets Excluding Goodwill</link:label>
    <link:label id="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_label_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Assets, Net (Excluding Goodwill)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:to="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxAssetsGross_924e4265-9b70-4f0e-a742-d586a7b52ff0_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Gross</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsGross_f984e694-1fc8-4e10-98c9-233bab5aeeb1_totalLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsGross" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsGross_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsGross" xlink:to="lab_us-gaap_DeferredTaxAssetsGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_5f29623b-dbc2-4178-8cf1-b6cd542d5852_verboseLabel_en-US" xlink:label="lab_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation expense (Note 14)</link:label>
    <link:label id="lab_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_label_en-US" xlink:label="lab_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares Granted, Value, Share-Based Payment Arrangement, after Forfeiture</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:to="lab_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_fdba0db8-2660-4681-a4b8-5a285dfd0ffb_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease Obligation, Interest Rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Effective Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:to="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_46551e93-9713-4780-acde-45b6f365de60_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_0951017c-6451-4870-93d7-77955c1c99ae_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus" xlink:to="lab_dei_DocumentFiscalPeriodFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleThresholdTradingDays_20c065e4-10b0-4c85-9408-e68b612e6108_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleThresholdTradingDays" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Threshold Trading Days</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleThresholdTradingDays_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleThresholdTradingDays" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Threshold Trading Days</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleThresholdTradingDays" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleThresholdTradingDays"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentConvertibleThresholdTradingDays" xlink:to="lab_us-gaap_DebtInstrumentConvertibleThresholdTradingDays" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountainandLodgingoperatingexpenses_1779309f-4b39-418e-8a81-8c85b5fcbaf6_terseLabel_en-US" xlink:label="lab_mtn_MountainandLodgingoperatingexpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain and Lodging operating expense</link:label>
    <link:label id="lab_mtn_MountainandLodgingoperatingexpenses_label_en-US" xlink:label="lab_mtn_MountainandLodgingoperatingexpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain and Lodging operating expenses</link:label>
    <link:label id="lab_mtn_MountainandLodgingoperatingexpenses_documentation_en-US" xlink:label="lab_mtn_MountainandLodgingoperatingexpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mountain and Lodging operating expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingoperatingexpenses" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingoperatingexpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainandLodgingoperatingexpenses" xlink:to="lab_mtn_MountainandLodgingoperatingexpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_d0089866-4408-4795-aefe-1fee463dfae0_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Due, Next Twelve Months</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Year One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_d3de036d-e8f0-46e2-9405-59b1b5757d06_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real Estate Held for Sale and Investment</link:label>
    <link:label id="lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_label_en-US" xlink:label="lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Held for Development and Sale, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateHeldForDevelopmentAndSalePolicy"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:to="lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_4132eb2a-382c-432d-981c-b78fbfc96779_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Four Years</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid, Year Four</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseExpense_44cdcdcf-0e80-411c-b749-50c1956f96f2_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Lease, Expense</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseExpense_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseExpense" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseExpense" xlink:to="lab_us-gaap_OperatingLeaseExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensation_ceaff40e-dad4-46c2-b8fb-4e5a293c8f4a_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation expense</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensation_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Noncash Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensation" xlink:to="lab_us-gaap_ShareBasedCompensation" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock_545175b4-0a7a-4b49-8902-7972c389a648_terseLabel_en-US" xlink:label="lab_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue and Properties, Plant and Equipment from External Customers by Geographic Areas [Table Text Block]</link:label>
    <link:label id="lab_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock_label_en-US" xlink:label="lab_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue from External Customers by Geographic Areas [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock" xlink:to="lab_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockMember_c11dd7ce-e3c9-4f5c-8406-6f2a2e72e7a9_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common Stock [Member]</link:label>
    <link:label id="lab_us-gaap_CommonStockMember_label_en-US" xlink:label="lab_us-gaap_CommonStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockMember" xlink:to="lab_us-gaap_CommonStockMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ForeignCountryMember_26f57ff1-8953-4735-a333-22b0c86a777d_terseLabel_en-US" xlink:label="lab_us-gaap_ForeignCountryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Tax Authority [Member]</link:label>
    <link:label id="lab_us-gaap_ForeignCountryMember_label_en-US" xlink:label="lab_us-gaap_ForeignCountryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Tax Authority [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCountryMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCountryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ForeignCountryMember" xlink:to="lab_us-gaap_ForeignCountryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_4ffd64e3-aa77-4d32-902d-0fbd91c3c760_verboseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Stock based compensation, restricted shares granted (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization_88d21c78-cf5c-418a-85e0-3ad0459adb3e_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, before Accumulated Amortization</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, before Accumulated Amortization</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization" xlink:to="lab_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_fed11708-56be-4cf1-9466-271ee82872ce_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_64bb0f48-cd48-4aa8-82f0-9c9e14f309e8_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ProductOrServiceAxis_3d2dbc01-16bd-4f68-8d91-9e33847d41a0_terseLabel_en-US" xlink:label="lab_srt_ProductOrServiceAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Product and Service [Axis]</link:label>
    <link:label id="lab_srt_ProductOrServiceAxis_label_en-US" xlink:label="lab_srt_ProductOrServiceAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Product and Service [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductOrServiceAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ProductOrServiceAxis" xlink:to="lab_srt_ProductOrServiceAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EarningsPerShareTextBlock_a02f97e3-4855-451f-b17b-21f448c4986c_verboseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net Income Per Common Share</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareTextBlock_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareTextBlock" xlink:to="lab_us-gaap_EarningsPerShareTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_aaa91b27-96ad-467f-8e65-08e7b0c976e8_terseLabel_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations</link:label>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_53a25cba-0ea8-4089-ba42-156013a97b20_negatedLabel_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Lapse of statute of limitations</link:label>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_label_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:to="lab_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_daca2774-8494-4937-b211-916792522dcc_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Report Line [Domain]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_65502e56-6e90-4698-99b2-b9a89701d982_verboseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationDomain" xlink:to="lab_us-gaap_IncomeStatementLocationDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet_c11bb650-57f9-471f-8b12-a6bc953f05ef_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unamortized Discount (Premium), Net</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unamortized Discount (Premium), Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" xlink:to="lab_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList_afc315ea-c53b-424b-a640-fe57a7b7e99b_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:to="lab_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_1b54eea1-8c86-4d48-abf0-856f89c70e2c_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]</link:label>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_label_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:to="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ContingentConsiderationKeyAssumptionsforValuation_6a8e8286-7d89-4358-bd77-ad8d4fe172b2_terseLabel_en-US" xlink:label="lab_mtn_ContingentConsiderationKeyAssumptionsforValuation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingent Consideration, Key Assumptions for Valuation</link:label>
    <link:label id="lab_mtn_ContingentConsiderationKeyAssumptionsforValuation_label_en-US" xlink:label="lab_mtn_ContingentConsiderationKeyAssumptionsforValuation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent Consideration, Key Assumptions for Valuation</link:label>
    <link:label id="lab_mtn_ContingentConsiderationKeyAssumptionsforValuation_documentation_en-US" xlink:label="lab_mtn_ContingentConsiderationKeyAssumptionsforValuation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The key inputs of the arrangement and market participant assumptions considered when developing the assumptions used to determine the fair value of the arrangement.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ContingentConsiderationKeyAssumptionsforValuation" xlink:href="mtn-20240731.xsd#mtn_ContingentConsiderationKeyAssumptionsforValuation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ContingentConsiderationKeyAssumptionsforValuation" xlink:to="lab_mtn_ContingentConsiderationKeyAssumptionsforValuation" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalYearFocus_83e122ba-1494-439b-b1df-b3d380b7ff8c_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalYearFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalYearFocus" xlink:to="lab_dei_DocumentFiscalYearFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_SegmentGeographicalDomain_1f1a633b-4cab-466c-8db2-7b20d7af502d_terseLabel_en-US" xlink:label="lab_srt_SegmentGeographicalDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All Countries [Domain]</link:label>
    <link:label id="lab_srt_SegmentGeographicalDomain_label_en-US" xlink:label="lab_srt_SegmentGeographicalDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_SegmentGeographicalDomain" xlink:to="lab_srt_SegmentGeographicalDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_b0a2fe04-9ffe-4a38-b3aa-a83836c62a48_totalLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total stockholders&#8217; equity</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_ce136133-4e64-47f3-afaf-a82be9101c11_periodStartLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_d84c2b21-aa72-400a-8baa-79166b37c039_periodEndLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity, Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_fdbd25e7-4b81-4a7b-808b-b63a3f8a3699_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Distributions to noncontrolling interests, net</link:label>
    <link:label id="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_label_en-US" xlink:label="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:to="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_Deposits_9b61e0e2-319c-4d9c-acc4-5a8155b8c3d2_terseLabel_en-US" xlink:label="lab_us-gaap_Deposits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:label id="lab_us-gaap_Deposits_label_en-US" xlink:label="lab_us-gaap_Deposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Deposits" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Deposits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Deposits" xlink:to="lab_us-gaap_Deposits" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DefinedContributionPlanEmployerContributionPercentage_34af4c24-69a6-4117-9816-ad567d9e3325_terseLabel_en-US" xlink:label="lab_mtn_DefinedContributionPlanEmployerContributionPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employer contribution matching equal to 50%</link:label>
    <link:label id="lab_mtn_DefinedContributionPlanEmployerContributionPercentage_label_en-US" xlink:label="lab_mtn_DefinedContributionPlanEmployerContributionPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan Employer Contribution Percentage</link:label>
    <link:label id="lab_mtn_DefinedContributionPlanEmployerContributionPercentage_documentation_en-US" xlink:label="lab_mtn_DefinedContributionPlanEmployerContributionPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan, Maximum Employer Contribution Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DefinedContributionPlanEmployerContributionPercentage" xlink:href="mtn-20240731.xsd#mtn_DefinedContributionPlanEmployerContributionPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DefinedContributionPlanEmployerContributionPercentage" xlink:to="lab_mtn_DefinedContributionPlanEmployerContributionPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember_cda63bd9-d297-445f-9401-145735386989_terseLabel_en-US" xlink:label="lab_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Software and Software Development Costs [Member]</link:label>
    <link:label id="lab_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember_label_en-US" xlink:label="lab_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Software and Software Development Costs [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SoftwareAndSoftwareDevelopmentCostsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember" xlink:to="lab_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense_7c44d72b-24fd-469d-afe4-3b9a45ee8765_terseLabel_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense</link:label>
    <link:label id="lab_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense_label_en-US" xlink:label="lab_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense" xlink:to="lab_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MinimumMember_630ea231-89a7-4beb-ac9e-09936d33fb8c_terseLabel_en-US" xlink:label="lab_srt_MinimumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum [Member]</link:label>
    <link:label id="lab_srt_MinimumMember_label_en-US" xlink:label="lab_srt_MinimumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MinimumMember" xlink:to="lab_srt_MinimumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_NorthstarMember_2c48ffb6-ec26-4067-941e-7bd008d70a84_terseLabel_en-US" xlink:label="lab_mtn_NorthstarMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Northstar [Member]</link:label>
    <link:label id="lab_mtn_NorthstarMember_label_en-US" xlink:label="lab_mtn_NorthstarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Northstar [Member]</link:label>
    <link:label id="lab_mtn_NorthstarMember_documentation_en-US" xlink:label="lab_mtn_NorthstarMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Northstar [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarMember" xlink:href="mtn-20240731.xsd#mtn_NorthstarMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_NorthstarMember" xlink:to="lab_mtn_NorthstarMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_d77f5a45-9806-4667-b9e0-1e7c63111cfc_verboseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment, net (Note 8)</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_3b87a4f6-e98d-446c-9d39-b945ac518abd_totalLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment, net</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_bda303f2-970c-4338-bae6-fb45015a9c52_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LandImprovementsMember_665d346b-44e0-42c2-8bc8-afd892dcb98c_terseLabel_en-US" xlink:label="lab_us-gaap_LandImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Land Improvements [Member]</link:label>
    <link:label id="lab_us-gaap_LandImprovementsMember_label_en-US" xlink:label="lab_us-gaap_LandImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Land Improvements [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LandImprovementsMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LandImprovementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LandImprovementsMember" xlink:to="lab_us-gaap_LandImprovementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_CransMontanaMember_5089f107-0fed-494e-bce0-22ddf6d3b2b4_terseLabel_en-US" xlink:label="lab_mtn_CransMontanaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Crans-Montana</link:label>
    <link:label id="lab_mtn_CransMontanaMember_label_en-US" xlink:label="lab_mtn_CransMontanaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Crans-Montana [Member]</link:label>
    <link:label id="lab_mtn_CransMontanaMember_documentation_en-US" xlink:label="lab_mtn_CransMontanaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Crans-Montana</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CransMontanaMember" xlink:href="mtn-20240731.xsd#mtn_CransMontanaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_CransMontanaMember" xlink:to="lab_mtn_CransMontanaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_0e0d8f04-02eb-4a02-b3e0-768807c41c2d_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Share Based Compensation SARs Activity</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Option, Activity [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_2114451e-baa2-49a6-a8e1-964e25608f9e_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets by Major Class [Axis]</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets by Major Class [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockDividendsPerShareCashPaid_d325e097-6a5d-4bae-b394-e898ce81aa63_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareCashPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common Stock, Dividends, Per Share, Cash Paid</link:label>
    <link:label id="lab_us-gaap_CommonStockDividendsPerShareCashPaid_label_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareCashPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Dividends, Per Share, Cash Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareCashPaid" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockDividendsPerShareCashPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockDividendsPerShareCashPaid" xlink:to="lab_us-gaap_CommonStockDividendsPerShareCashPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ContingentConsiderationFairValueDisclosure_77e8266a-3554-43b2-90e6-caa907762941_terseLabel_en-US" xlink:label="lab_mtn_ContingentConsiderationFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities, Fair Value Disclosure</link:label>
    <link:label id="lab_mtn_ContingentConsiderationFairValueDisclosure_label_en-US" xlink:label="lab_mtn_ContingentConsiderationFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent Consideration, Fair Value Disclosure</link:label>
    <link:label id="lab_mtn_ContingentConsiderationFairValueDisclosure_documentation_en-US" xlink:label="lab_mtn_ContingentConsiderationFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value of Contingent Consideration Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ContingentConsiderationFairValueDisclosure" xlink:href="mtn-20240731.xsd#mtn_ContingentConsiderationFairValueDisclosure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ContingentConsiderationFairValueDisclosure" xlink:to="lab_mtn_ContingentConsiderationFairValueDisclosure" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_0ce74fb0-15a1-4a7c-be21-fae86d373f1c_terseLabel_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
    <link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AssetsAbstract_d4c2ce05-fc78-43b9-8c13-04ca0a2f2c47_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_us-gaap_AssetsAbstract_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsAbstract" xlink:to="lab_us-gaap_AssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DebtInstrumentByTrancheAxis_60a833b0-99c6-4b01-b143-e610274feeb8_terseLabel_en-US" xlink:label="lab_mtn_DebtInstrumentByTrancheAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, By Tranche [Axis]</link:label>
    <link:label id="lab_mtn_DebtInstrumentByTrancheAxis_label_en-US" xlink:label="lab_mtn_DebtInstrumentByTrancheAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, By Tranche [Axis]</link:label>
    <link:label id="lab_mtn_DebtInstrumentByTrancheAxis_documentation_en-US" xlink:label="lab_mtn_DebtInstrumentByTrancheAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, By Tranche</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentByTrancheAxis" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentByTrancheAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DebtInstrumentByTrancheAxis" xlink:to="lab_mtn_DebtInstrumentByTrancheAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_ff414a36-5fe1-4cc9-88ff-0fac633963d5_terseLabel_en-US" xlink:label="lab_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign currency loss on intercompany loans (Note 6)</link:label>
    <link:label id="lab_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_81d6747d-9a5d-4271-bfc7-d46f18b63ab5_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Foreign Currency Transaction Gain (Loss), before Tax</link:label>
    <link:label id="lab_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_label_en-US" xlink:label="lab_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss), Foreign Currency Transaction, before Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:to="lab_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_OptionalLeaseRenewalTerm_e2f632fd-30e5-4272-beb5-654df774e32a_terseLabel_en-US" xlink:label="lab_mtn_OptionalLeaseRenewalTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Optional Lease Renewal Term</link:label>
    <link:label id="lab_mtn_OptionalLeaseRenewalTerm_label_en-US" xlink:label="lab_mtn_OptionalLeaseRenewalTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Optional Lease Renewal Term</link:label>
    <link:label id="lab_mtn_OptionalLeaseRenewalTerm_documentation_en-US" xlink:label="lab_mtn_OptionalLeaseRenewalTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of years in optional renewal terms.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OptionalLeaseRenewalTerm" xlink:href="mtn-20240731.xsd#mtn_OptionalLeaseRenewalTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OptionalLeaseRenewalTerm" xlink:to="lab_mtn_OptionalLeaseRenewalTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_a6d84bcb-96a6-422c-a638-cac34b0d8c12_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Employee taxes paid for share award exercises</link:label>
    <link:label id="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_label_en-US" xlink:label="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment, Tax Withholding, Share-Based Payment Arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:to="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherNoncashExpense_9e4a1dab-7fc9-485e-95de-4c0971c98a8f_terseLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Noncash Expense</link:label>
    <link:label id="lab_us-gaap_OtherNoncashExpense_label_en-US" xlink:label="lab_us-gaap_OtherNoncashExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashExpense" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherNoncashExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNoncashExpense" xlink:to="lab_us-gaap_OtherNoncashExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxAssetsOther_a2eff3c8-d02c-434d-a3ea-7fa93648d185_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsOther" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsOther_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Other</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsOther" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsOther"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsOther" xlink:to="lab_us-gaap_DeferredTaxAssetsOther" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_HothamMember_15efac7f-fe5c-49b9-9db1-51cc88d37015_terseLabel_en-US" xlink:label="lab_mtn_HothamMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hotham [Member]</link:label>
    <link:label id="lab_mtn_HothamMember_label_en-US" xlink:label="lab_mtn_HothamMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hotham [Member]</link:label>
    <link:label id="lab_mtn_HothamMember_documentation_en-US" xlink:label="lab_mtn_HothamMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hotham [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HothamMember" xlink:href="mtn-20240731.xsd#mtn_HothamMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_HothamMember" xlink:to="lab_mtn_HothamMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_OwnedHotelRevenueMember_c7347e9a-28e7-4860-911a-2e9645592716_terseLabel_en-US" xlink:label="lab_mtn_OwnedHotelRevenueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Owned hotel rooms</link:label>
    <link:label id="lab_mtn_OwnedHotelRevenueMember_label_en-US" xlink:label="lab_mtn_OwnedHotelRevenueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Owned Hotel Revenue [Member]</link:label>
    <link:label id="lab_mtn_OwnedHotelRevenueMember_documentation_en-US" xlink:label="lab_mtn_OwnedHotelRevenueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Owned Hotel Revenue [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OwnedHotelRevenueMember" xlink:href="mtn-20240731.xsd#mtn_OwnedHotelRevenueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OwnedHotelRevenueMember" xlink:to="lab_mtn_OwnedHotelRevenueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProfitLoss_8a6533a9-fcdb-4a64-aab3-8ee2160cacd0_totalLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
    <link:label id="lab_us-gaap_ProfitLoss_eb8faff7-1046-4224-969d-dfd70188d26d_terseLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
    <link:label id="lab_us-gaap_ProfitLoss_e6103f05-9ecc-4f74-991c-fe609a9f7445_verboseLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income, including portion attributable to noncontrolling interest</link:label>
    <link:label id="lab_us-gaap_ProfitLoss_label_en-US" xlink:label="lab_us-gaap_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProfitLoss" xlink:to="lab_us-gaap_ProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SubsegmentsConsolidationItemsDomain_029f44d8-9544-47d2-b2d4-06c5882f7ec6_terseLabel_en-US" xlink:label="lab_us-gaap_SubsegmentsConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsegments Consolidation Items [Domain]</link:label>
    <link:label id="lab_us-gaap_SubsegmentsConsolidationItemsDomain_label_en-US" xlink:label="lab_us-gaap_SubsegmentsConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsegments Consolidation Items [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsConsolidationItemsDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsConsolidationItemsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsegmentsConsolidationItemsDomain" xlink:to="lab_us-gaap_SubsegmentsConsolidationItemsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredIncomeTaxAssetsNet_758cb98b-7b4b-4c66-ab58-8f17a3f46591_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxAssetsNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Net of Valuation Allowance, Noncurrent</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxAssetsNet_label_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxAssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Assets, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxAssetsNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxAssetsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredIncomeTaxAssetsNet" xlink:to="lab_us-gaap_DeferredIncomeTaxAssetsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DebtInstrumentConvertibleMeasurementPeriod_9e5d2b3a-c8da-45c0-b90d-dfcfb3469303_terseLabel_en-US" xlink:label="lab_mtn_DebtInstrumentConvertibleMeasurementPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible</link:label>
    <link:label id="lab_mtn_DebtInstrumentConvertibleMeasurementPeriod_label_en-US" xlink:label="lab_mtn_DebtInstrumentConvertibleMeasurementPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Measurement Period</link:label>
    <link:label id="lab_mtn_DebtInstrumentConvertibleMeasurementPeriod_documentation_en-US" xlink:label="lab_mtn_DebtInstrumentConvertibleMeasurementPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Measurement Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentConvertibleMeasurementPeriod" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentConvertibleMeasurementPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DebtInstrumentConvertibleMeasurementPeriod" xlink:to="lab_mtn_DebtInstrumentConvertibleMeasurementPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_d2b9a554-9c03-4f01-83e1-fdc259ae6472_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in financing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_FinanceLeasedAssetsNet_251efe95-a231-4e79-849b-d2681455f44a_totalLabel_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment Net (under Capital Lease)</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsNet_deeabe94-7175-4d99-9fc3-25cce8b1cced_terseLabel_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital Leased Assets, Net</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsNet_label_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Leased Assets, Net</link:label>
    <link:label id="lab_mtn_FinanceLeasedAssetsNet_documentation_en-US" xlink:label="lab_mtn_FinanceLeasedAssetsNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets under capital lease obligations used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsNet" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_FinanceLeasedAssetsNet" xlink:to="lab_mtn_FinanceLeasedAssetsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_dec4025f-31bd-4384-8959-48ba3ca83710_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_8c945723-c867-41db-a56b-a0306a0dde86_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other investing activities, net</link:label>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for (Proceeds from) Other Investing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:to="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_406f304e-ff65-440b-bedc-44846f1a6355_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Percentage of Voting Interests Acquired</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition, Percentage of Voting Interests Acquired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:to="lab_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RetainedEarningsMember_4bb50f27-6e75-4a3f-b285-bac044ab7883_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained Earnings [Member]</link:label>
    <link:label id="lab_us-gaap_RetainedEarningsMember_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained Earnings [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsMember" xlink:to="lab_us-gaap_RetainedEarningsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtCurrent_9541fea2-f775-40e9-92f3-10b7fc04ac26_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtCurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Less: Current maturities</link:label>
    <link:label id="lab_us-gaap_LongTermDebtCurrent_label_en-US" xlink:label="lab_us-gaap_LongTermDebtCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Current Maturities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtCurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtCurrent" xlink:to="lab_us-gaap_LongTermDebtCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_346f6291-3695-43d0-8cf0-3e11f0533484_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allocation Of Stock-Based Compensation Expense</link:label>
    <link:label id="lab_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock" xlink:to="lab_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquity_60174c96-d2f1-41f0-aeda-4fc9511599d6_totalLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities and stockholders&#8217; equity</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquity_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities and Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ResortExpensesNet_1e9ca819-392a-4761-a51e-a92d9bbe1d10_terseLabel_en-US" xlink:label="lab_mtn_ResortExpensesNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Resort operating expense</link:label>
    <link:label id="lab_mtn_ResortExpensesNet_e5d23c4d-e82d-48a3-a414-99507ad9ee8e_totalLabel_en-US" xlink:label="lab_mtn_ResortExpensesNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Resort</link:label>
    <link:label id="lab_mtn_ResortExpensesNet_label_en-US" xlink:label="lab_mtn_ResortExpensesNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Resort Expenses Net</link:label>
    <link:label id="lab_mtn_ResortExpensesNet_documentation_en-US" xlink:label="lab_mtn_ResortExpensesNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The sum of mountain and lodging segment operating expenses, net.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortExpensesNet" xlink:href="mtn-20240731.xsd#mtn_ResortExpensesNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ResortExpensesNet" xlink:to="lab_mtn_ResortExpensesNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherAssetsNoncurrent_30c4e01c-e816-458a-8bdc-e5838393d43c_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_us-gaap_OtherAssetsNoncurrent_label_en-US" xlink:label="lab_us-gaap_OtherAssetsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets, Noncurrent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsNoncurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssetsNoncurrent" xlink:to="lab_us-gaap_OtherAssetsNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EarningsPerShareBasic_c5aea86c-51a4-41e7-bc39-86eeeeda86c0_verboseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasic" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Basic net income per share attributable to Vail Resorts, Inc.</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareBasic_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share, Basic</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareBasic" xlink:to="lab_us-gaap_EarningsPerShareBasic" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseRightOfUseAsset_c8f0485e-0fcc-4568-9ff5-2f40746f2f0a_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseRightOfUseAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating right-of-use assets (Note 4)</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseRightOfUseAsset_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseRightOfUseAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Right-of-Use Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseRightOfUseAsset" xlink:to="lab_us-gaap_OperatingLeaseRightOfUseAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentTable_eb022651-a969-4533-af4f-55a9e08ae32f_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentTable_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Long-Term Debt Instruments [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentTable" xlink:to="lab_us-gaap_DebtInstrumentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherIndefiniteLivedIntangibleAssets_83128b93-6822-40bb-969e-c1e012b2b723_terseLabel_en-US" xlink:label="lab_us-gaap_OtherIndefiniteLivedIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Indefinite-lived Intangible Assets</link:label>
    <link:label id="lab_us-gaap_OtherIndefiniteLivedIntangibleAssets_label_en-US" xlink:label="lab_us-gaap_OtherIndefiniteLivedIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Indefinite-Lived Intangible Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIndefiniteLivedIntangibleAssets" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherIndefiniteLivedIntangibleAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherIndefiniteLivedIntangibleAssets" xlink:to="lab_us-gaap_OtherIndefiniteLivedIntangibleAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccountingPoliciesAbstract_5d4ef780-8c07-4691-8f00-eb86622f0016_terseLabel_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
    <link:label id="lab_us-gaap_AccountingPoliciesAbstract_label_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountingPoliciesAbstract" xlink:to="lab_us-gaap_AccountingPoliciesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_TrancheBMember_1a23ce7c-0bc0-404e-9303-c3e35732150e_terseLabel_en-US" xlink:label="lab_mtn_TrancheBMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tranche B [Member]</link:label>
    <link:label id="lab_mtn_TrancheBMember_label_en-US" xlink:label="lab_mtn_TrancheBMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche B [Member]</link:label>
    <link:label id="lab_mtn_TrancheBMember_documentation_en-US" xlink:label="lab_mtn_TrancheBMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tranche B</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TrancheBMember" xlink:href="mtn-20240731.xsd#mtn_TrancheBMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_TrancheBMember" xlink:to="lab_mtn_TrancheBMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_SevenSpringsResortsMember_598ba908-5f74-4efe-a73a-fbb1f762475c_terseLabel_en-US" xlink:label="lab_mtn_SevenSpringsResortsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Seven Springs Resorts</link:label>
    <link:label id="lab_mtn_SevenSpringsResortsMember_label_en-US" xlink:label="lab_mtn_SevenSpringsResortsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Seven Springs Resorts [Member]</link:label>
    <link:label id="lab_mtn_SevenSpringsResortsMember_documentation_en-US" xlink:label="lab_mtn_SevenSpringsResortsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Seven Springs Resorts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SevenSpringsResortsMember" xlink:href="mtn-20240731.xsd#mtn_SevenSpringsResortsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_SevenSpringsResortsMember" xlink:to="lab_mtn_SevenSpringsResortsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GainLossOnDispositionOfAssets1_490de7bd-8310-4c77-ba94-eef2b38cd771_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnDispositionOfAssets1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Loss (gain) on disposal of fixed assets and other, net</link:label>
    <link:label id="lab_us-gaap_GainLossOnDispositionOfAssets1_label_en-US" xlink:label="lab_us-gaap_GainLossOnDispositionOfAssets1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfAssets1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnDispositionOfAssets1" xlink:to="lab_us-gaap_GainLossOnDispositionOfAssets1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum_5cdd83c2-814f-470a-bfa3-e27037dafbc4_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk-free rate, maximum</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_CoststoObtainContractswithCustomersAbstract_5c46f936-8062-4a04-a4d9-6eed4089d456_terseLabel_en-US" xlink:label="lab_mtn_CoststoObtainContractswithCustomersAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Costs to Obtain Contracts with Customers [Abstract]</link:label>
    <link:label id="lab_mtn_CoststoObtainContractswithCustomersAbstract_label_en-US" xlink:label="lab_mtn_CoststoObtainContractswithCustomersAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costs to Obtain Contracts with Customers [Abstract]</link:label>
    <link:label id="lab_mtn_CoststoObtainContractswithCustomersAbstract_documentation_en-US" xlink:label="lab_mtn_CoststoObtainContractswithCustomersAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costs to Obtain Contracts with Customers [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CoststoObtainContractswithCustomersAbstract" xlink:href="mtn-20240731.xsd#mtn_CoststoObtainContractswithCustomersAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_CoststoObtainContractswithCustomersAbstract" xlink:to="lab_mtn_CoststoObtainContractswithCustomersAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CurrentForeignTaxExpenseBenefit_df814521-c881-4049-bf45-448d610c25ca_terseLabel_en-US" xlink:label="lab_us-gaap_CurrentForeignTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current Foreign Tax Expense (Benefit)</link:label>
    <link:label id="lab_us-gaap_CurrentForeignTaxExpenseBenefit_label_en-US" xlink:label="lab_us-gaap_CurrentForeignTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Foreign Tax Expense (Benefit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentForeignTaxExpenseBenefit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentForeignTaxExpenseBenefit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CurrentForeignTaxExpenseBenefit" xlink:to="lab_us-gaap_CurrentForeignTaxExpenseBenefit" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_008edac5-15de-4bfc-a903-3783b4dbea47_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intrinsic value of options and SARs exercised</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_CurrencyAxis_8acaeb89-bafd-4b71-851d-f2eaf8abc868_terseLabel_en-US" xlink:label="lab_srt_CurrencyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Currency [Axis]</link:label>
    <link:label id="lab_srt_CurrencyAxis_label_en-US" xlink:label="lab_srt_CurrencyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CurrencyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_CurrencyAxis" xlink:to="lab_srt_CurrencyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_cda90c22-13f2-4b88-991c-774d4d0ba73e_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_UnrecognizedCompensationExpenseDomain_08ba56d4-e6db-4c21-b2f6-d024654ab109_terseLabel_en-US" xlink:label="lab_mtn_UnrecognizedCompensationExpenseDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized Compensation Expense [Domain]</link:label>
    <link:label id="lab_mtn_UnrecognizedCompensationExpenseDomain_label_en-US" xlink:label="lab_mtn_UnrecognizedCompensationExpenseDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized Compensation Expense [Domain]</link:label>
    <link:label id="lab_mtn_UnrecognizedCompensationExpenseDomain_documentation_en-US" xlink:label="lab_mtn_UnrecognizedCompensationExpenseDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unrecognized Compensation Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseDomain" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_UnrecognizedCompensationExpenseDomain" xlink:to="lab_mtn_UnrecognizedCompensationExpenseDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_02550f5e-7f8f-498a-95c7-97f1c9655829_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary Of Financial Information By Reportable Segment</link:label>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:to="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_OtherLodgingRevenueMember_31dff57e-3c0c-40ab-a837-3a0ed2c0ec60_terseLabel_en-US" xlink:label="lab_mtn_OtherLodgingRevenueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_mtn_OtherLodgingRevenueMember_label_en-US" xlink:label="lab_mtn_OtherLodgingRevenueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Lodging Revenue [Member]</link:label>
    <link:label id="lab_mtn_OtherLodgingRevenueMember_documentation_en-US" xlink:label="lab_mtn_OtherLodgingRevenueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Lodging Revenue [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherLodgingRevenueMember" xlink:href="mtn-20240731.xsd#mtn_OtherLodgingRevenueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OtherLodgingRevenueMember" xlink:to="lab_mtn_OtherLodgingRevenueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue_30245c15-0adc-49b6-8523-2e310c5f3458_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value, vested (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement Restricted Stock Units Vested In Period Weighted Average Grant Date Fair Value</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average fair value as of grant date pertaining to restricted share units for which the grantee gained the right during the reporting period, by satisfying service requirements, to receive shares or units in accordance with the terms of the arrangement.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:to="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_f4b3a55f-9a18-42ad-8ff7-b88c18335748_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term</link:label>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_label_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:to="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxesPaid_7c7aaa35-f951-47b4-97bc-cf240cee9ca3_verboseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaid" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Taxes paid, net</link:label>
    <link:label id="lab_us-gaap_IncomeTaxesPaid_label_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxesPaid" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxesPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxesPaid" xlink:to="lab_us-gaap_IncomeTaxesPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_0ff1b579-4cda-4346-97fd-f8706f7d1e8d_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_UsernCorporationMember_50a069ca-baac-4a86-9376-436ebc8b7adc_terseLabel_en-US" xlink:label="lab_mtn_UsernCorporationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Usern Corporation</link:label>
    <link:label id="lab_mtn_UsernCorporationMember_label_en-US" xlink:label="lab_mtn_UsernCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Usern Corporation [Member]</link:label>
    <link:label id="lab_mtn_UsernCorporationMember_documentation_en-US" xlink:label="lab_mtn_UsernCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Usern Corporation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UsernCorporationMember" xlink:href="mtn-20240731.xsd#mtn_UsernCorporationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_UsernCorporationMember" xlink:to="lab_mtn_UsernCorporationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ConsolidationPolicyTextBlock_ba96d3ef-6971-48bc-a9d8-0741b8bd948d_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principles of Consolidation</link:label>
    <link:label id="lab_us-gaap_ConsolidationPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_ConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConsolidationPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConsolidationPolicyTextBlock" xlink:to="lab_us-gaap_ConsolidationPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_920d5e6e-fadd-4c29-8d62-ec18d97427f5_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Effective Date of Acquisition</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition, Effective Date of Acquisition</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1" xlink:to="lab_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock_0793ba78-74df-463d-99ba-5db8e82b93c1_terseLabel_en-US" xlink:label="lab_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplementary Balance Sheet Information</link:label>
    <link:label id="lab_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock_label_en-US" xlink:label="lab_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplemental Balance Sheet Disclosures [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SupplementalBalanceSheetDisclosuresTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock" xlink:to="lab_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentTransitionReport_dd1a9ff8-bb39-481a-9799-675e3a6017e3_terseLabel_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Transition Report</link:label>
    <link:label id="lab_dei_DocumentTransitionReport_label_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Transition Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentTransitionReport" xlink:to="lab_dei_DocumentTransitionReport" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_2dc9b8c3-c956-4903-a377-da79a506baf9_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Business Acquisitions, by Acquisition [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Business Acquisitions, by Acquisition [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueOfFinancialInstrumentsPolicy_f9c935fe-437c-4ad0-b7c6-37112ac90362_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value of Financial Instruments</link:label>
    <link:label id="lab_us-gaap_FairValueOfFinancialInstrumentsPolicy_label_en-US" xlink:label="lab_us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value of Financial Instruments, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:to="lab_us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationsAbstract_79e7d8b3-2078-4c46-bd8d-f314410f24a1_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combinations [Abstract]</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationsAbstract_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combinations [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationsAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationsAbstract" xlink:to="lab_us-gaap_BusinessCombinationsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FurnitureAndFixturesGross_e9eb4bc0-3074-41fb-bfe9-914de58f5e0f_terseLabel_en-US" xlink:label="lab_us-gaap_FurnitureAndFixturesGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Furniture and fixtures</link:label>
    <link:label id="lab_us-gaap_FurnitureAndFixturesGross_label_en-US" xlink:label="lab_us-gaap_FurnitureAndFixturesGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Furniture and Fixtures, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FurnitureAndFixturesGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FurnitureAndFixturesGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FurnitureAndFixturesGross" xlink:to="lab_us-gaap_FurnitureAndFixturesGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CommonStockSharesAuthorized_96e11b1f-4869-447d-b5bb-930008af7b98_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, shares authorized</link:label>
    <link:label id="lab_us-gaap_CommonStockSharesAuthorized_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Shares Authorized</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesAuthorized" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesAuthorized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesAuthorized" xlink:to="lab_us-gaap_CommonStockSharesAuthorized" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GeographicDistributionDomesticMember_ceebcfe3-dfed-4002-9f52-d67fb8b408b6_terseLabel_en-US" xlink:label="lab_us-gaap_GeographicDistributionDomesticMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographic Distribution, Domestic [Member]</link:label>
    <link:label id="lab_us-gaap_GeographicDistributionDomesticMember_label_en-US" xlink:label="lab_us-gaap_GeographicDistributionDomesticMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographic Distribution, Domestic [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeographicDistributionDomesticMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeographicDistributionDomesticMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GeographicDistributionDomesticMember" xlink:to="lab_us-gaap_GeographicDistributionDomesticMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ManagedcondominiumroomsMember_b10ee7c5-a936-4d4d-8419-21e325710292_terseLabel_en-US" xlink:label="lab_mtn_ManagedcondominiumroomsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Managed condominium rooms</link:label>
    <link:label id="lab_mtn_ManagedcondominiumroomsMember_label_en-US" xlink:label="lab_mtn_ManagedcondominiumroomsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Managed condominium rooms [Member]</link:label>
    <link:label id="lab_mtn_ManagedcondominiumroomsMember_documentation_en-US" xlink:label="lab_mtn_ManagedcondominiumroomsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Managed condominium rooms [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ManagedcondominiumroomsMember" xlink:href="mtn-20240731.xsd#mtn_ManagedcondominiumroomsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ManagedcondominiumroomsMember" xlink:to="lab_mtn_ManagedcondominiumroomsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentInformationTable_cd5941fe-9c81-43c7-a8cd-16d47e565cab_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:label id="lab_dei_DocumentInformationTable_label_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationTable" xlink:to="lab_dei_DocumentInformationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock_e1d546bd-1b13-4310-8fa8-735169b7a489_terseLabel_en-US" xlink:label="lab_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation Of Unrecognized Tax Benefits</link:label>
    <link:label id="lab_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock_label_en-US" xlink:label="lab_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of Income Tax Contingencies [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SummaryOfIncomeTaxContingenciesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:to="lab_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityPublicFloat_5b0e0bb7-3cc5-4439-832c-cd15a895384e_terseLabel_en-US" xlink:label="lab_dei_EntityPublicFloat" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Public Float</link:label>
    <link:label id="lab_dei_EntityPublicFloat_label_en-US" xlink:label="lab_dei_EntityPublicFloat" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Public Float</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityPublicFloat" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPublicFloat"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityPublicFloat" xlink:to="lab_dei_EntityPublicFloat" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract_88491430-8839-4df1-a7a8-864ba86b4a04_terseLabel_en-US" xlink:label="lab_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment under Capital Lease [Abstract]</link:label>
    <link:label id="lab_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract_label_en-US" xlink:label="lab_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment under Capital Lease [Abstract]</link:label>
    <link:label id="lab_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract_documentation_en-US" xlink:label="lab_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment under Capital Lease [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract" xlink:href="mtn-20240731.xsd#mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract" xlink:to="lab_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountainandLodgingretailanddiningrevenue_a0f31b2e-e0bd-4b21-8065-07325d4e3aed_terseLabel_en-US" xlink:label="lab_mtn_MountainandLodgingretailanddiningrevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain and Lodging retail and dining</link:label>
    <link:label id="lab_mtn_MountainandLodgingretailanddiningrevenue_label_en-US" xlink:label="lab_mtn_MountainandLodgingretailanddiningrevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain and Lodging retail and dining revenue</link:label>
    <link:label id="lab_mtn_MountainandLodgingretailanddiningrevenue_documentation_en-US" xlink:label="lab_mtn_MountainandLodgingretailanddiningrevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mountain and Lodging retail and dining revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingretailanddiningrevenue" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingretailanddiningrevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainandLodgingretailanddiningrevenue" xlink:to="lab_mtn_MountainandLodgingretailanddiningrevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_0d9cb78f-c7b2-4f06-bb1e-dd78981bf96a_terseLabel_en-US" xlink:label="lab_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indefinite-lived Intangible Assets [Axis]</link:label>
    <link:label id="lab_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_label_en-US" xlink:label="lab_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indefinite-Lived Intangible Assets [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="lab_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance_64d752da-79b4-499b-8b1f-9805cc27dfdf_terseLabel_en-US" xlink:label="lab_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Debt Partial Redemption Minimum Remaining Balance</link:label>
    <link:label id="lab_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance_label_en-US" xlink:label="lab_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Debt Partial Redemption Minimum Remaining Balance</link:label>
    <link:label id="lab_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance_documentation_en-US" xlink:label="lab_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Debt Partial Redemption Minimum Remaining Balance</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance" xlink:href="mtn-20240731.xsd#mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance" xlink:to="lab_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_0b0c44db-13f8-43b1-ad42-e28b695a98cf_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile net income to net cash provided by operating activities:</link:label>
    <link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_A6.25NotesMember_c72fcce5-3c26-40e2-b66a-263ddf3fd775_terseLabel_en-US" xlink:label="lab_mtn_A6.25NotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">6.25% Notes [Member]</link:label>
    <link:label id="lab_mtn_A6.25NotesMember_label_en-US" xlink:label="lab_mtn_A6.25NotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">6.25% Notes [Member]</link:label>
    <link:label id="lab_mtn_A6.25NotesMember_documentation_en-US" xlink:label="lab_mtn_A6.25NotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6.25% Notes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A6.25NotesMember" xlink:href="mtn-20240731.xsd#mtn_A6.25NotesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_A6.25NotesMember" xlink:to="lab_mtn_A6.25NotesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised_c98744c3-11ad-4831-a77e-0e8f6bb21385_negatedLabel_en-US" xlink:label="lab_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Awards, exercised (in shares)</link:label>
    <link:label id="lab_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised_label_en-US" xlink:label="lab_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued During Period Shares Stock Options And SARs Exercised</link:label>
    <link:label id="lab_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised_documentation_en-US" xlink:label="lab_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of share options and stock appreciation rights exercised during the current period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" xlink:href="mtn-20240731.xsd#mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" xlink:to="lab_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock_73c14142-baaa-4c1e-af10-091aafa8e923_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Share Based Compensation Option And SARs Award Activity</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Option and Stock Appreciation Rights, Activity [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_beb89041-072f-4b6f-91e0-5949a383d5a5_terseLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_af2b36d8-9944-4680-9606-5f1a21540203_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock based compensation, total fair value of restricted shares</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MinimumCapitalLeasePaymentAnnual_d84130aa-782a-49dd-a7e1-3383dbccebee_terseLabel_en-US" xlink:label="lab_mtn_MinimumCapitalLeasePaymentAnnual" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum Capital Lease Payment, Annual</link:label>
    <link:label id="lab_mtn_MinimumCapitalLeasePaymentAnnual_label_en-US" xlink:label="lab_mtn_MinimumCapitalLeasePaymentAnnual" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum Capital Lease Payment, Annual</link:label>
    <link:label id="lab_mtn_MinimumCapitalLeasePaymentAnnual_documentation_en-US" xlink:label="lab_mtn_MinimumCapitalLeasePaymentAnnual" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Minimum amount of payment required annually for capital lease.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MinimumCapitalLeasePaymentAnnual" xlink:href="mtn-20240731.xsd#mtn_MinimumCapitalLeasePaymentAnnual"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MinimumCapitalLeasePaymentAnnual" xlink:to="lab_mtn_MinimumCapitalLeasePaymentAnnual" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod_8bd34fea-b3f1-42c5-af5a-3eefccc73fd7_verboseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Awards, granted (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement SARs Granted In Period</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of grants made during the period on stock appreciation rights.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod" xlink:to="lab_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber_59dee494-26ac-4401-81b1-e0b4cb0d9beb_periodEndLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Awards, exercisable ending balance (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Exercisable Number</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of shares into which fully or partially vested stock options and stock appreciation rights outstanding as of the balance sheet date can be currently converted under the plan.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_7b4fc984-5332-4ce4-bb41-52dd6e45a0e1_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature</link:label>
    <link:label id="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature" xlink:to="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesLeasingArrangements_4777bbad-1cc3-432a-973c-11e4f99c734c_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesLeasingArrangements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Leasing Arrangements</link:label>
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesLeasingArrangements_label_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesLeasingArrangements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Leasing Arrangements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesLeasingArrangements" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesLeasingArrangements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxLiabilitiesLeasingArrangements" xlink:to="lab_us-gaap_DeferredTaxLiabilitiesLeasingArrangements" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_7e5f1424-9ce5-436b-9d1e-f7f4a0293273_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income taxes, net</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_ba17832a-fef0-472e-8711-777c56f901b4_totalLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Expense (Benefit)</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_label_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:to="lab_us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentInformationLineItems_05b11b73-b4e3-4a4d-9100-9a8f6de68b0f_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:label id="lab_dei_DocumentInformationLineItems_label_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationLineItems" xlink:to="lab_dei_DocumentInformationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_ea68892e-9450-40ed-93ee-3b23e644d4e3_terseLabel_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
    <link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GainLossOnDispositionOfAssets_d43a14f5-a0a6-4ab3-b353-dd575a4678d8_verboseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnDispositionOfAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">(Loss) gain on disposal of fixed assets and other, net</link:label>
    <link:label id="lab_us-gaap_GainLossOnDispositionOfAssets_9115a921-5f85-4ffb-b9ed-48e136bbdbd5_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnDispositionOfAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property</link:label>
    <link:label id="lab_us-gaap_GainLossOnDispositionOfAssets_label_en-US" xlink:label="lab_us-gaap_GainLossOnDispositionOfAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnDispositionOfAssets" xlink:to="lab_us-gaap_GainLossOnDispositionOfAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GeographicDistributionForeignMember_a7bee6a3-7e3a-4b79-b6b1-d12966b16441_terseLabel_en-US" xlink:label="lab_us-gaap_GeographicDistributionForeignMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographic Distribution, Foreign [Member]</link:label>
    <link:label id="lab_us-gaap_GeographicDistributionForeignMember_label_en-US" xlink:label="lab_us-gaap_GeographicDistributionForeignMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographic Distribution, Foreign [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeographicDistributionForeignMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeographicDistributionForeignMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GeographicDistributionForeignMember" xlink:to="lab_us-gaap_GeographicDistributionForeignMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ConvertibleDebtMember_0de98770-2e4a-4b1c-998b-e1542715cfc8_terseLabel_en-US" xlink:label="lab_us-gaap_ConvertibleDebtMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Debt</link:label>
    <link:label id="lab_us-gaap_ConvertibleDebtMember_label_en-US" xlink:label="lab_us-gaap_ConvertibleDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Debt [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConvertibleDebtMember" xlink:to="lab_us-gaap_ConvertibleDebtMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseLiability_394e2926-8a1d-4708-8b93-98e1fd1692e3_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseLiability_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiability" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseLiability" xlink:to="lab_us-gaap_FinanceLeaseLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable_432a8e0c-43a1-470e-9f62-9c988d195e91_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable" xlink:to="lab_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashFlowSupplementalDisclosuresTextBlock_2eb13260-243e-4fcc-8b70-cbbd3828a115_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash Flow, Supplemental Disclosures [Text Block]</link:label>
    <link:label id="lab_us-gaap_CashFlowSupplementalDisclosuresTextBlock_label_en-US" xlink:label="lab_us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flow, Supplemental Disclosures [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashFlowSupplementalDisclosuresTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:to="lab_us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_AnnualInterestRateIncreaseCap_8442363f-7eeb-4aa3-87b0-4e9d31a2fe2f_terseLabel_en-US" xlink:label="lab_mtn_AnnualInterestRateIncreaseCap" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual Interest Rate Increase Cap</link:label>
    <link:label id="lab_mtn_AnnualInterestRateIncreaseCap_label_en-US" xlink:label="lab_mtn_AnnualInterestRateIncreaseCap" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Annual Interest Rate Increase Cap</link:label>
    <link:label id="lab_mtn_AnnualInterestRateIncreaseCap_documentation_en-US" xlink:label="lab_mtn_AnnualInterestRateIncreaseCap" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Annual Interest Rate Increase Cap</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AnnualInterestRateIncreaseCap" xlink:href="mtn-20240731.xsd#mtn_AnnualInterestRateIncreaseCap"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_AnnualInterestRateIncreaseCap" xlink:to="lab_mtn_AnnualInterestRateIncreaseCap" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxPolicyTextBlock_1f4a6704-21f6-4100-8ea6-689035473a65_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_IncomeTaxPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxPolicyTextBlock" xlink:to="lab_us-gaap_IncomeTaxPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_b7737400-4f05-4c71-bb8b-42ade859bd1b_terseLabel_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Financial Statement Error Correction [Flag]</link:label>
    <link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_label_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Financial Statement Error Correction [Flag]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFinStmtErrorCorrectionFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:to="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_247ec07f-9cec-4a25-aeb9-20d481e12c26_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Three</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Three</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent_89d8f409-d7a6-453a-985c-e1ffe7f4aef8_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Company match amount equal to participant's contribution</link:label>
    <link:label id="lab_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent_label_en-US" xlink:label="lab_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent" xlink:to="lab_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DocumentAndEntityInformationAbstract_2fc1160a-feea-49e2-aabc-35acb3008939_terseLabel_en-US" xlink:label="lab_mtn_DocumentAndEntityInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document And Entity Information [Abstract]</link:label>
    <link:label id="lab_mtn_DocumentAndEntityInformationAbstract_label_en-US" xlink:label="lab_mtn_DocumentAndEntityInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document And Entity Information [Abstract]</link:label>
    <link:label id="lab_mtn_DocumentAndEntityInformationAbstract_documentation_en-US" xlink:label="lab_mtn_DocumentAndEntityInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Document And Entity Information [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DocumentAndEntityInformationAbstract" xlink:href="mtn-20240731.xsd#mtn_DocumentAndEntityInformationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract" xlink:to="lab_mtn_DocumentAndEntityInformationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased_c68554a6-aa22-436a-ba8b-39cbcca13f97_verboseLabel_en-US" xlink:label="lab_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Remaining shares available for repurchase under existing program</link:label>
    <link:label id="lab_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased_label_en-US" xlink:label="lab_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased" xlink:to="lab_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment_cb280d44-855f-4107-8d66-65e404fded45_terseLabel_en-US" xlink:label="lab_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign partnership basis adjustment</link:label>
    <link:label id="lab_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment_label_en-US" xlink:label="lab_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Foreign Partnership Basis Adjustment</link:label>
    <link:label id="lab_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment_documentation_en-US" xlink:label="lab_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Foreign Partnership Basis Adjustment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" xlink:href="mtn-20240731.xsd#mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" xlink:to="lab_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_e82ca92b-5751-4042-9b8c-9073bf187e11_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Composition Of Goodwill And Intangible Assets</link:label>
    <link:label id="lab_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_label_en-US" xlink:label="lab_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Intangible Assets and Goodwill [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock" xlink:to="lab_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherCurrentAssetsTextBlock_93959232-e5a6-4796-9082-6956d5551fb9_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCurrentAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Current Assets</link:label>
    <link:label id="lab_us-gaap_OtherCurrentAssetsTextBlock_label_en-US" xlink:label="lab_us-gaap_OtherCurrentAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Current Assets [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCurrentAssetsTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherCurrentAssetsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCurrentAssetsTextBlock" xlink:to="lab_us-gaap_OtherCurrentAssetsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_f6304b05-0818-49c0-92b1-7f9a80083484_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year One</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_e56819de-3cf0-4b35-80ae-8ac0c619664a_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year One</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_cef76879-4f0f-4e85-995e-2d052659de13_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod_44de7957-1edf-4dcd-b19b-bed34e4eb82f_negatedLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Awards, forfeited or expired (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Forfeitures And Expirations In Period</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">For presentations that combine terminations, the number of shares under options and stock appreciation rights that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the plan or that expired.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EntityWideRevenueMajorCustomerLineItems_886521d3-8cbc-4f9a-b47e-b6134f9b9024_terseLabel_en-US" xlink:label="lab_us-gaap_EntityWideRevenueMajorCustomerLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue, Major Customer [Line Items]</link:label>
    <link:label id="lab_us-gaap_EntityWideRevenueMajorCustomerLineItems_label_en-US" xlink:label="lab_us-gaap_EntityWideRevenueMajorCustomerLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue, Major Customer [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EntityWideRevenueMajorCustomerLineItems" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EntityWideRevenueMajorCustomerLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EntityWideRevenueMajorCustomerLineItems" xlink:to="lab_us-gaap_EntityWideRevenueMajorCustomerLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MachineryAndEquipmentGross_c7b7f0ca-e3bf-4196-9362-0f289d77050d_terseLabel_en-US" xlink:label="lab_us-gaap_MachineryAndEquipmentGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Machinery and equipment</link:label>
    <link:label id="lab_us-gaap_MachineryAndEquipmentGross_label_en-US" xlink:label="lab_us-gaap_MachineryAndEquipmentGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Machinery and Equipment, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MachineryAndEquipmentGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MachineryAndEquipmentGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MachineryAndEquipmentGross" xlink:to="lab_us-gaap_MachineryAndEquipmentGross" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod_7adbc38d-9d74-4a89-977d-103cf2651953_terseLabel_en-US" xlink:label="lab_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Private Club Recognized Initiation Fees Average Remaining Period</link:label>
    <link:label id="lab_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod_label_en-US" xlink:label="lab_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Private Club Recognized Initiation Fees Average Remaining Period</link:label>
    <link:label id="lab_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod_documentation_en-US" xlink:label="lab_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Recognized private club initiation fees, average remaining period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod" xlink:href="mtn-20240731.xsd#mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod" xlink:to="lab_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_34089a00-75e6-4bc2-9998-ffe844c7be4c_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_2b4ee4a6-7948-44e4-a4e3-0c73081570bb_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign taxes</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_ef83d4c2-94fc-4ea2-893c-793a7aac7749_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Two</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Expected Amortization, Year Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_4bff80cf-306b-4b08-a6f1-b2dfbe2b6c36_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash received from disposal of fixed assets</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Property, Plant, and Equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:to="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1_45d63765-cdc7-4df5-8e2d-37a8bcb81d06_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in Fair Value of Contingent Consideration</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1" xlink:to="lab_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MinorityInterest_070dc7b7-f17c-40da-b7f6-a9c02b30ae24_terseLabel_en-US" xlink:label="lab_us-gaap_MinorityInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Noncontrolling interests</link:label>
    <link:label id="lab_us-gaap_MinorityInterest_label_en-US" xlink:label="lab_us-gaap_MinorityInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity, Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterest" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MinorityInterest" xlink:to="lab_us-gaap_MinorityInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SaleLeasebackTransactionHistoricalCost_7540a5a4-378b-4af1-8cc8-c9503f4306c9_terseLabel_en-US" xlink:label="lab_us-gaap_SaleLeasebackTransactionHistoricalCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Historical Cost</link:label>
    <link:label id="lab_us-gaap_SaleLeasebackTransactionHistoricalCost_label_en-US" xlink:label="lab_us-gaap_SaleLeasebackTransactionHistoricalCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Historical Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleLeasebackTransactionHistoricalCost" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SaleLeasebackTransactionHistoricalCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SaleLeasebackTransactionHistoricalCost" xlink:to="lab_us-gaap_SaleLeasebackTransactionHistoricalCost" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AuditorName_9844138a-ad93-4a05-8ed7-1c67f64b5f09_terseLabel_en-US" xlink:label="lab_dei_AuditorName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditor Name</link:label>
    <link:label id="lab_dei_AuditorName_label_en-US" xlink:label="lab_dei_AuditorName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorName" xlink:to="lab_dei_AuditorName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_22e12ab4-025a-4afe-97b3-19c56e6703de_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_553e6474-ea1c-4b16-9dc3-b45a274324f5_negatedLabel_en-US" xlink:label="lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Accumulated depreciation</link:label>
    <link:label id="lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_label_en-US" xlink:label="lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="lab_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_f99acb71-4cea-475d-aa41-34b54fb0c5be_terseLabel_en-US" xlink:label="lab_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends Payable, Date of Record</link:label>
    <link:label id="lab_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_label_en-US" xlink:label="lab_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable, Date of Record</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsPayableDateOfRecordDayMonthAndYear"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:to="lab_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_f3569564-8f9d-41ac-ba15-836357c86e0a_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Weighted Average Discount Rate, Percent</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Weighted Average Discount Rate, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:to="lab_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_3a26f553-628f-4419-b3f9-e55b5fb012ca_terseLabel_en-US" xlink:label="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Reported EBITDA</link:label>
    <link:label id="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_label_en-US" xlink:label="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earning Before Interest Taxes Depreciation and Amortization</link:label>
    <link:label id="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_documentation_en-US" xlink:label="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Earning Before Interest Taxes Depreciation and Amortization for the Segment presented.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization" xlink:href="mtn-20240731.xsd#mtn_EarningBeforeInterestTaxesDepreciationAndAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization" xlink:to="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TreasuryStockCommonMember_6105b943-0164-4a85-9801-a015ad5feb72_terseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockCommonMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Stock, Common</link:label>
    <link:label id="lab_us-gaap_TreasuryStockCommonMember_label_en-US" xlink:label="lab_us-gaap_TreasuryStockCommonMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury Stock, Common [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockCommonMember" xlink:to="lab_us-gaap_TreasuryStockCommonMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_c841c45f-6efc-4dda-954a-e84dda2b03b4_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SegmentReportingInformationLineItems_adc09516-ed9f-445e-b6fc-a701616ab828_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment Reporting Information [Line Items]</link:label>
    <link:label id="lab_us-gaap_SegmentReportingInformationLineItems_label_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting Information [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems" xlink:to="lab_us-gaap_SegmentReportingInformationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DividendPayableDateToBePaidDayMonthAndYear_b992dfa2-bd98-412e-9d3a-c63ff548f11c_terseLabel_en-US" xlink:label="lab_us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends Payable, Date to be Paid</link:label>
    <link:label id="lab_us-gaap_DividendPayableDateToBePaidDayMonthAndYear_label_en-US" xlink:label="lab_us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable, Date to be Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendPayableDateToBePaidDayMonthAndYear"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:to="lab_us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_de364ecc-8241-4717-9305-695c96be3d56_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Property Plant Equipment</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Property Plant Equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnSaleOfPropertyPlantEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:to="lab_us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AllocatedShareBasedCompensationExpense_80f551da-bd93-4688-a5f1-ca03a9cff43a_terseLabel_en-US" xlink:label="lab_us-gaap_AllocatedShareBasedCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-tax stock-based compensation expense</link:label>
    <link:label id="lab_us-gaap_AllocatedShareBasedCompensationExpense_label_en-US" xlink:label="lab_us-gaap_AllocatedShareBasedCompensationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllocatedShareBasedCompensationExpense" xlink:to="lab_us-gaap_AllocatedShareBasedCompensationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_dce21c4b-946a-4814-9011-9fbac8595386_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingencies by Nature of Contingency [Axis]</link:label>
    <link:label id="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_label_en-US" xlink:label="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency Nature [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:to="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsGross_67589b5c-9b87-4cbf-9a2c-0dd49873410d_totalLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsGross" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Gross</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsGross_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsGross" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_f9a124f6-68e0-4367-b29b-9bc510229e01_negatedLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Provision for income taxes (Note 10)</link:label>
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_4c8f4d9c-db2b-45c0-bc3b-9b3569089c9c_totalLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Provision for income taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_label_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit" xlink:to="lab_us-gaap_IncomeTaxExpenseBenefit" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountainOperatingExpenseMember_113ae3f0-8c54-4283-93b9-573d6aeecc0d_terseLabel_en-US" xlink:label="lab_mtn_MountainOperatingExpenseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain Operating Expense [Member]</link:label>
    <link:label id="lab_mtn_MountainOperatingExpenseMember_label_en-US" xlink:label="lab_mtn_MountainOperatingExpenseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain Operating Expense [Member]</link:label>
    <link:label id="lab_mtn_MountainOperatingExpenseMember_documentation_en-US" xlink:label="lab_mtn_MountainOperatingExpenseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mountain Operating Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainOperatingExpenseMember" xlink:href="mtn-20240731.xsd#mtn_MountainOperatingExpenseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainOperatingExpenseMember" xlink:to="lab_mtn_MountainOperatingExpenseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_9750a9fe-e5d1-45b3-9174-71d6359ee3c7_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NotesAndLoansPayable_4400e3f4-fcb1-4820-9f6f-6a0d79b66df1_terseLabel_en-US" xlink:label="lab_us-gaap_NotesAndLoansPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes and Loans Payable</link:label>
    <link:label id="lab_us-gaap_NotesAndLoansPayable_label_en-US" xlink:label="lab_us-gaap_NotesAndLoansPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes and Loans Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesAndLoansPayable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesAndLoansPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesAndLoansPayable" xlink:to="lab_us-gaap_NotesAndLoansPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_IncomeTaxAuthorityDomain_af44c756-ab17-4757-8b69-bd970f276290_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxAuthorityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Tax Authority [Domain]</link:label>
    <link:label id="lab_us-gaap_IncomeTaxAuthorityDomain_label_en-US" xlink:label="lab_us-gaap_IncomeTaxAuthorityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Authority [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxAuthorityDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxAuthorityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxAuthorityDomain" xlink:to="lab_us-gaap_IncomeTaxAuthorityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAsset_a775581f-efab-478c-9ae1-3dd232e100b2_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Lease, Right-of-Use Asset</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAsset_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, after Accumulated Amortization</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAsset" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseRightOfUseAsset" xlink:to="lab_us-gaap_FinanceLeaseRightOfUseAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock_c1a92c34-fa3e-4bb0-8d7f-6ed84474fdad_terseLabel_en-US" xlink:label="lab_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Future Minimum Lease Payments [Table Text Block]</link:label>
    <link:label id="lab_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock_label_en-US" xlink:label="lab_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Future Minimum Lease Payments [Table Text Block]</link:label>
    <link:label id="lab_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock_documentation_en-US" xlink:label="lab_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Future Minimum Lease Payments [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock" xlink:href="mtn-20240731.xsd#mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock" xlink:to="lab_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FairValueDisclosuresTextBlock_4b1d4a67-25fd-49bc-bb46-3ab7e1429e41_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Measurements</link:label>
    <link:label id="lab_us-gaap_FairValueDisclosuresTextBlock_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Disclosures [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueDisclosuresTextBlock" xlink:to="lab_us-gaap_FairValueDisclosuresTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_TermLoanMember_b20e8ddb-a8f0-4a9b-9949-fcc9701ef492_terseLabel_en-US" xlink:label="lab_mtn_TermLoanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term Loan [Member]</link:label>
    <link:label id="lab_mtn_TermLoanMember_label_en-US" xlink:label="lab_mtn_TermLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Term Loan [Member]</link:label>
    <link:label id="lab_mtn_TermLoanMember_documentation_en-US" xlink:label="lab_mtn_TermLoanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Term Loan [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TermLoanMember" xlink:href="mtn-20240731.xsd#mtn_TermLoanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_TermLoanMember" xlink:to="lab_mtn_TermLoanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod_42ad2274-8eb3-4a22-80b3-dcaa51fdf6bc_negatedLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Awards, forfeited (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement SARs Forfeited In Period</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of stock appreciation rights, that were forfeited during the reporting period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod" xlink:to="lab_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DisaggregationOfRevenueTableTextBlock_4b65d147-5f59-48ec-bc1a-c3850278c21a_terseLabel_en-US" xlink:label="lab_us-gaap_DisaggregationOfRevenueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue [Table Text Block]</link:label>
    <link:label id="lab_us-gaap_DisaggregationOfRevenueTableTextBlock_label_en-US" xlink:label="lab_us-gaap_DisaggregationOfRevenueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisaggregationOfRevenueTableTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DisaggregationOfRevenueTableTextBlock" xlink:to="lab_us-gaap_DisaggregationOfRevenueTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_aaa5e377-70ef-4dc1-a2d4-eca3b95d28cb_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Lease, Weighted Average Remaining Lease Term</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Weighted Average Remaining Lease Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityDomain_775b5c49-386f-48e6-a439-14350f4c62d1_terseLabel_en-US" xlink:label="lab_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:label id="lab_dei_EntityDomain_label_en-US" xlink:label="lab_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityDomain" xlink:to="lab_dei_EntityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongtermDebtTypeAxis_35f75bc7-38bf-495d-9b70-ef4048ce793e_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Axis]</link:label>
    <link:label id="lab_us-gaap_LongtermDebtTypeAxis_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongtermDebtTypeAxis" xlink:to="lab_us-gaap_LongtermDebtTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_3c360338-3335-4f3e-9294-2157a86bbf8b_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm_5199b76f-c1ec-4fdb-be3b-39e49e7ae0bf_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average remaining contractual term, exercisable ending balance (in years)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Exercisable Weighted Average Remaining Contractual Term</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average period between the balance sheet date and expiration for all vested portions of options and stock appreciation rights outstanding and currently exercisable (or convertible) under the plan, which may be expressed in a decimal value for number of years.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ContractBalancesAbstract_17633598-6ccf-41b2-8ca5-b9d223266400_terseLabel_en-US" xlink:label="lab_mtn_ContractBalancesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contract Balances [Abstract]</link:label>
    <link:label id="lab_mtn_ContractBalancesAbstract_label_en-US" xlink:label="lab_mtn_ContractBalancesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contract Balances [Abstract]</link:label>
    <link:label id="lab_mtn_ContractBalancesAbstract_documentation_en-US" xlink:label="lab_mtn_ContractBalancesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contract Balances [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ContractBalancesAbstract" xlink:href="mtn-20240731.xsd#mtn_ContractBalancesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ContractBalancesAbstract" xlink:to="lab_mtn_ContractBalancesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LegalEntityAxis_8f5826ce-5215-4111-915c-118d366c3a4e_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:label id="lab_dei_LegalEntityAxis_label_en-US" xlink:label="lab_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LegalEntityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LegalEntityAxis" xlink:to="lab_dei_LegalEntityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_MoneyMarketFundsMember_b584cd14-df34-4a35-8a52-3384f56d6196_terseLabel_en-US" xlink:label="lab_us-gaap_MoneyMarketFundsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Money Market Funds [Member]</link:label>
    <link:label id="lab_us-gaap_MoneyMarketFundsMember_label_en-US" xlink:label="lab_us-gaap_MoneyMarketFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Money Market Funds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MoneyMarketFundsMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MoneyMarketFundsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MoneyMarketFundsMember" xlink:to="lab_us-gaap_MoneyMarketFundsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract_e39b9eb8-855e-492d-8536-920a07e3c34c_terseLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash, cash equivalents and restricted cash:</link:label>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract_label_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract" xlink:to="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_TotalVailResortsIncStockholdersEquityMember_7c6b18ca-98d8-40eb-b8c1-14b1bb1bbedb_terseLabel_en-US" xlink:label="lab_mtn_TotalVailResortsIncStockholdersEquityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Vail Resorts, Inc. Stockholders' Equity [Member]</link:label>
    <link:label id="lab_mtn_TotalVailResortsIncStockholdersEquityMember_label_en-US" xlink:label="lab_mtn_TotalVailResortsIncStockholdersEquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Vail Resorts, Inc. Stockholders' Equity [Member]</link:label>
    <link:label id="lab_mtn_TotalVailResortsIncStockholdersEquityMember_documentation_en-US" xlink:label="lab_mtn_TotalVailResortsIncStockholdersEquityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Stockholders Equity Parent [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TotalVailResortsIncStockholdersEquityMember" xlink:href="mtn-20240731.xsd#mtn_TotalVailResortsIncStockholdersEquityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_TotalVailResortsIncStockholdersEquityMember" xlink:to="lab_mtn_TotalVailResortsIncStockholdersEquityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember_2fc19707-1eca-4e4a-a580-eee722b39bc2_terseLabel_en-US" xlink:label="lab_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lodging revenue (excluding payroll cost reimbursements) [Member]</link:label>
    <link:label id="lab_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember_label_en-US" xlink:label="lab_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lodging revenue (excluding payroll cost reimbursements) [Member]</link:label>
    <link:label id="lab_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember_documentation_en-US" xlink:label="lab_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lodging revenue (excluding payroll cost reimbursements) [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember" xlink:href="mtn-20240731.xsd#mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember" xlink:to="lab_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_OtherMountainRevenueMember_d19f7e73-b10f-46d4-bea1-6b43675ee033_terseLabel_en-US" xlink:label="lab_mtn_OtherMountainRevenueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_mtn_OtherMountainRevenueMember_label_en-US" xlink:label="lab_mtn_OtherMountainRevenueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Mountain Revenue [Member]</link:label>
    <link:label id="lab_mtn_OtherMountainRevenueMember_documentation_en-US" xlink:label="lab_mtn_OtherMountainRevenueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Mountain Revenue [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherMountainRevenueMember" xlink:href="mtn-20240731.xsd#mtn_OtherMountainRevenueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OtherMountainRevenueMember" xlink:to="lab_mtn_OtherMountainRevenueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_1a4e3b47-71cd-4049-8fa5-dda9f018620e_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RepaymentsOfNotesPayable_76f2e92e-ad56-4625-bf15-438b2f7c6820_terseLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfNotesPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayments of Notes Payable</link:label>
    <link:label id="lab_us-gaap_RepaymentsOfNotesPayable_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfNotesPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of Notes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfNotesPayable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RepaymentsOfNotesPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfNotesPayable" xlink:to="lab_us-gaap_RepaymentsOfNotesPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_69818240-5fae-4f96-9139-1ca5b48d56d7_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of businesses, net of cash acquired</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_4468080c-e568-4d3f-89cc-734ad3e0e922_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments to Acquire Businesses, Net of Cash Acquired</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Businesses, Net of Cash Acquired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:to="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_37567d5d-d99f-4fec-b89b-754a7f31377e_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Lease, Weighted Average Discount Rate, Percent</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Weighted Average Discount Rate, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_HollandCreekMetropolitanDistrictMember_49b850b8-c7c7-4958-b07c-68b170a805ff_terseLabel_en-US" xlink:label="lab_mtn_HollandCreekMetropolitanDistrictMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Holland Creek Metropolitan District [Member]</link:label>
    <link:label id="lab_mtn_HollandCreekMetropolitanDistrictMember_label_en-US" xlink:label="lab_mtn_HollandCreekMetropolitanDistrictMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Holland Creek Metropolitan District [Member]</link:label>
    <link:label id="lab_mtn_HollandCreekMetropolitanDistrictMember_documentation_en-US" xlink:label="lab_mtn_HollandCreekMetropolitanDistrictMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Holland Creek Metropolitan District [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HollandCreekMetropolitanDistrictMember" xlink:href="mtn-20240731.xsd#mtn_HollandCreekMetropolitanDistrictMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_HollandCreekMetropolitanDistrictMember" xlink:to="lab_mtn_HollandCreekMetropolitanDistrictMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_InterestPaidNet_ddf3ee55-4952-4d21-969c-343ec3272301_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPaidNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash paid for interest</link:label>
    <link:label id="lab_us-gaap_InterestPaidNet_label_en-US" xlink:label="lab_us-gaap_InterestPaidNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Paid, Excluding Capitalized Interest, Operating Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPaidNet" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestPaidNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPaidNet" xlink:to="lab_us-gaap_InterestPaidNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_ab0d0064-184c-4d3c-bcf1-4a002b086314_totalLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Comprehensive income</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_0bf711f3-18bc-411f-abfe-220e95dacbbf_terseLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income (loss)</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TreasuryStockSharesAcquired_5f465ef5-f7ef-4f1d-9f95-6809e40cc8bc_terseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Stock, Shares, Acquired</link:label>
    <link:label id="lab_us-gaap_TreasuryStockSharesAcquired_label_en-US" xlink:label="lab_us-gaap_TreasuryStockSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury Stock, Shares, Acquired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockSharesAcquired" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockSharesAcquired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockSharesAcquired" xlink:to="lab_us-gaap_TreasuryStockSharesAcquired" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_BostonMillsBrandywineSecuredNoteMember_391ffe74-9159-43c9-942f-7491038e0e89_terseLabel_en-US" xlink:label="lab_mtn_BostonMillsBrandywineSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Boston Mills Brandywine Secured Note [Member]</link:label>
    <link:label id="lab_mtn_BostonMillsBrandywineSecuredNoteMember_label_en-US" xlink:label="lab_mtn_BostonMillsBrandywineSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Boston Mills Brandywine Secured Note [Member]</link:label>
    <link:label id="lab_mtn_BostonMillsBrandywineSecuredNoteMember_documentation_en-US" xlink:label="lab_mtn_BostonMillsBrandywineSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Boston Mills Brandywine Secured Note [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BostonMillsBrandywineSecuredNoteMember" xlink:href="mtn-20240731.xsd#mtn_BostonMillsBrandywineSecuredNoteMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_BostonMillsBrandywineSecuredNoteMember" xlink:to="lab_mtn_BostonMillsBrandywineSecuredNoteMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_LeaseExpirationYear_1372f8b7-2ef9-4a1c-a9d0-b44bfc709264_terseLabel_en-US" xlink:label="lab_mtn_LeaseExpirationYear" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease Expiration Year</link:label>
    <link:label id="lab_mtn_LeaseExpirationYear_label_en-US" xlink:label="lab_mtn_LeaseExpirationYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Expiration Year</link:label>
    <link:label id="lab_mtn_LeaseExpirationYear_documentation_en-US" xlink:label="lab_mtn_LeaseExpirationYear" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Expiration Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LeaseExpirationYear" xlink:href="mtn-20240731.xsd#mtn_LeaseExpirationYear"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LeaseExpirationYear" xlink:to="lab_mtn_LeaseExpirationYear" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_6f502397-09a8-4bb4-8bc0-ca20377157a1_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis spread on LIBOR rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Variable Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentUsefulLife_1cd8119c-8c95-41cc-93d5-432dd931e49b_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated life in years</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentUsefulLife_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Useful Life</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtNoncurrent_6a521cf8-4a0a-461c-a39d-67ca4201ae4e_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtNoncurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt, net</link:label>
    <link:label id="lab_us-gaap_LongTermDebtNoncurrent_label_en-US" xlink:label="lab_us-gaap_LongTermDebtNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Excluding Current Maturities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtNoncurrent" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtNoncurrent" xlink:to="lab_us-gaap_LongTermDebtNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_f86c83a9-a0ba-4f3e-a925-bac2baff18aa_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Weighted Average Remaining Lease Term</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Weighted Average Remaining Lease Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="lab_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxLiabilities_88c2d5fe-19a1-48fa-9af5-e4c9e7fc2f32_totalLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Net</link:label>
    <link:label id="lab_us-gaap_DeferredTaxLiabilities_label_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxLiabilities" xlink:to="lab_us-gaap_DeferredTaxLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_TransportationMember_2de793f0-4031-4b45-bc00-c930c78b09db_terseLabel_en-US" xlink:label="lab_mtn_TransportationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transportation</link:label>
    <link:label id="lab_mtn_TransportationMember_label_en-US" xlink:label="lab_mtn_TransportationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transportation [Member]</link:label>
    <link:label id="lab_mtn_TransportationMember_documentation_en-US" xlink:label="lab_mtn_TransportationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transportation [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TransportationMember" xlink:href="mtn-20240731.xsd#mtn_TransportationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_TransportationMember" xlink:to="lab_mtn_TransportationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_PerisherMember_09936e8a-6faf-4189-8db7-d8b08a77cd3c_terseLabel_en-US" xlink:label="lab_mtn_PerisherMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Perisher [Member]</link:label>
    <link:label id="lab_mtn_PerisherMember_label_en-US" xlink:label="lab_mtn_PerisherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Perisher [Member]</link:label>
    <link:label id="lab_mtn_PerisherMember_documentation_en-US" xlink:label="lab_mtn_PerisherMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Perisher [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PerisherMember" xlink:href="mtn-20240731.xsd#mtn_PerisherMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_PerisherMember" xlink:to="lab_mtn_PerisherMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_29222cfc-a4e4-4373-b8c1-0e5f6941bd3f_totalLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Weighted-average shares outstanding, diluted (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_36af8ee1-704b-4758-a386-5a2c7be6b233_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_CanyonsMember_c4d4849b-fe35-414f-a737-bdbf3298c0be_terseLabel_en-US" xlink:label="lab_mtn_CanyonsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Canyons [Member]</link:label>
    <link:label id="lab_mtn_CanyonsMember_label_en-US" xlink:label="lab_mtn_CanyonsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Canyons [Member]</link:label>
    <link:label id="lab_mtn_CanyonsMember_documentation_en-US" xlink:label="lab_mtn_CanyonsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Canyons [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsMember" xlink:href="mtn-20240731.xsd#mtn_CanyonsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_CanyonsMember" xlink:to="lab_mtn_CanyonsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability_a906a5ab-8ceb-433f-939b-4355bb14d1af_terseLabel_en-US" xlink:label="lab_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Right-of-Use Asset Obtained in Exchange for Finance Lease Liability</link:label>
    <link:label id="lab_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability_label_en-US" xlink:label="lab_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-Use Asset Obtained in Exchange for Finance Lease Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability" xlink:to="lab_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_LodgingMember_01fa5fce-7d91-4145-993b-fefceca7cf1f_terseLabel_en-US" xlink:label="lab_mtn_LodgingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lodging [Member]</link:label>
    <link:label id="lab_mtn_LodgingMember_label_en-US" xlink:label="lab_mtn_LodgingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lodging [Member]</link:label>
    <link:label id="lab_mtn_LodgingMember_documentation_en-US" xlink:label="lab_mtn_LodgingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lodging [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingMember" xlink:href="mtn-20240731.xsd#mtn_LodgingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LodgingMember" xlink:to="lab_mtn_LodgingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice_3f57d1a7-b159-4b41-b1dc-7ef514b787e0_verboseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price, exercised (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Exercises In Period Weighted Average Exercise Price</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average price at which option and stock appreciation right holders acquired shares when converting their stock options or stock appreciation rights into shares under the plan during the reporting period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DescriptionofPercentageRent_190b9d80-f0ef-4b88-8334-06e432d9e44e_terseLabel_en-US" xlink:label="lab_mtn_DescriptionofPercentageRent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases, Rent Expense, Contingent Rentals</link:label>
    <link:label id="lab_mtn_DescriptionofPercentageRent_label_en-US" xlink:label="lab_mtn_DescriptionofPercentageRent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of Percentage Rent</link:label>
    <link:label id="lab_mtn_DescriptionofPercentageRent_documentation_en-US" xlink:label="lab_mtn_DescriptionofPercentageRent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description of Percentage Rent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DescriptionofPercentageRent" xlink:href="mtn-20240731.xsd#mtn_DescriptionofPercentageRent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DescriptionofPercentageRent" xlink:to="lab_mtn_DescriptionofPercentageRent" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CapitalizedComputerSoftwareGross_b1673328-dfba-405d-94d1-f4bad1d7b1fc_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalizedComputerSoftwareGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Software</link:label>
    <link:label id="lab_us-gaap_CapitalizedComputerSoftwareGross_label_en-US" xlink:label="lab_us-gaap_CapitalizedComputerSoftwareGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalized Computer Software, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalizedComputerSoftwareGross" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedComputerSoftwareGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalizedComputerSoftwareGross" xlink:to="lab_us-gaap_CapitalizedComputerSoftwareGross" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit_91c4d7eb-36ff-46f0-9edb-bb1d6d981ec6_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Goodwill, Written off Related to Sale of Business Unit</link:label>
    <link:label id="lab_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit_label_en-US" xlink:label="lab_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill, Written off Related to Sale of Business Unit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit" xlink:to="lab_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingExpensesAbstract_2c84daec-4db1-41fb-b22d-4d4e891cd69d_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total segment operating expense</link:label>
    <link:label id="lab_us-gaap_OperatingExpensesAbstract_label_en-US" xlink:label="lab_us-gaap_OperatingExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expenses [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpensesAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingExpensesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingExpensesAbstract" xlink:to="lab_us-gaap_OperatingExpensesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_345ab676-3722-4a56-b020-2edf962d6abd_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, Undiscounted Excess Amount</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, Undiscounted Excess Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:to="lab_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RevenueFromContractWithCustomerTextBlock_003b9b1d-fb84-4a4b-ac60-4457a46a703f_terseLabel_en-US" xlink:label="lab_us-gaap_RevenueFromContractWithCustomerTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue from Contract with Customer [Text Block]</link:label>
    <link:label id="lab_us-gaap_RevenueFromContractWithCustomerTextBlock_label_en-US" xlink:label="lab_us-gaap_RevenueFromContractWithCustomerTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue from Contract with Customer [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromContractWithCustomerTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevenueFromContractWithCustomerTextBlock" xlink:to="lab_us-gaap_RevenueFromContractWithCustomerTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AcceleratedShareRepurchasesDateDomain_d78e4891-3d69-475a-9024-4ed95bf408a2_terseLabel_en-US" xlink:label="lab_us-gaap_AcceleratedShareRepurchasesDateDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accelerated Share Repurchases, Date [Domain]</link:label>
    <link:label id="lab_us-gaap_AcceleratedShareRepurchasesDateDomain_label_en-US" xlink:label="lab_us-gaap_AcceleratedShareRepurchasesDateDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accelerated Share Repurchases, Date [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesDateDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesDateDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesDateDomain" xlink:to="lab_us-gaap_AcceleratedShareRepurchasesDateDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdditionalPaidInCapitalCommonStock_2b3d7587-7e23-4b1f-afb1-0968a3253549_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalCommonStock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional paid-in capital</link:label>
    <link:label id="lab_us-gaap_AdditionalPaidInCapitalCommonStock_label_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Paid in Capital, Common Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdditionalPaidInCapitalCommonStock" xlink:to="lab_us-gaap_AdditionalPaidInCapitalCommonStock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_5ff4cc81-57c8-46a0-b12c-6d0b1eb1d74f_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Change in estimated fair value of hedging instruments, net of tax</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_ddce2944-0950-404e-b55a-38f7de92be96_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional Paid in Capital [Member]</link:label>
    <link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_label_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Paid-in Capital [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdditionalPaidInCapitalMember" xlink:to="lab_us-gaap_AdditionalPaidInCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentAnnualReport_b26c242b-7785-48c1-a901-485b0bd19d8e_terseLabel_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
    <link:label id="lab_dei_DocumentAnnualReport_label_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAnnualReport" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAnnualReport" xlink:to="lab_dei_DocumentAnnualReport" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DebtInstrumentYearofMaturity_d3a8fc15-115f-400b-b302-ebd77f1cfcae_terseLabel_en-US" xlink:label="lab_mtn_DebtInstrumentYearofMaturity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fiscal year maturity</link:label>
    <link:label id="lab_mtn_DebtInstrumentYearofMaturity_label_en-US" xlink:label="lab_mtn_DebtInstrumentYearofMaturity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Year of Maturity</link:label>
    <link:label id="lab_mtn_DebtInstrumentYearofMaturity_documentation_en-US" xlink:label="lab_mtn_DebtInstrumentYearofMaturity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Year of Maturity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentYearofMaturity" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentYearofMaturity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DebtInstrumentYearofMaturity" xlink:to="lab_mtn_DebtInstrumentYearofMaturity" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_VehiclesMember_bdae753a-7a94-4983-a0d6-1c3d050549ca_terseLabel_en-US" xlink:label="lab_us-gaap_VehiclesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vehicles [Member]</link:label>
    <link:label id="lab_us-gaap_VehiclesMember_label_en-US" xlink:label="lab_us-gaap_VehiclesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vehicles [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VehiclesMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VehiclesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VehiclesMember" xlink:to="lab_us-gaap_VehiclesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_BalanceSheetLocationAxis_d9bac46d-29bd-4d74-b24d-5d8e515922c7_terseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Axis]</link:label>
    <link:label id="lab_us-gaap_BalanceSheetLocationAxis_label_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BalanceSheetLocationAxis" xlink:to="lab_us-gaap_BalanceSheetLocationAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_Assets_f3474ac3-1d2a-4ba0-90f7-666c822e574a_totalLabel_en-US" xlink:label="lab_us-gaap_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label id="lab_us-gaap_Assets_label_en-US" xlink:label="lab_us-gaap_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Assets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets" xlink:to="lab_us-gaap_Assets" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_5568ddd2-d20a-4b08-b501-47c5cc32cb2a_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares</link:label>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_label_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:to="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive_5b8d611a-118c-4b54-b21a-ec593cdb5b87_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, after Year Five</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Liability, to be Paid, after Year Five</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive" xlink:to="lab_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue_a842b904-607e-4175-9e66-54500c2318e3_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value, forfeited (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement Restricted Stock Units Forfeited In Period Weighted Average Grant Date Fair Value</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average fair value as of the grant date of restricted share units that were not exercised or put into effect during the reporting period as a result of the occurrence of a terminating event specified in the contractual agreement of the plan.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:to="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_9f1e84ee-cee9-486a-8f9e-ac6ff8d0c776_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year Five</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_33705c10-cf0f-447b-aaf8-1fb30a402749_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2025</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Maturity, Year Five</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AmortizationOfFinancingCosts_738d774b-94a4-4cf5-a90f-a4274ea13dc0_terseLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfFinancingCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of Financing Costs</link:label>
    <link:label id="lab_us-gaap_AmortizationOfFinancingCosts_label_en-US" xlink:label="lab_us-gaap_AmortizationOfFinancingCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of Debt Issuance Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AmortizationOfFinancingCosts" xlink:to="lab_us-gaap_AmortizationOfFinancingCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RealEstateSegmentMember_1e96a586-342a-4c06-b3af-3af3fb2c0f22_terseLabel_en-US" xlink:label="lab_mtn_RealEstateSegmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real Estate Segment</link:label>
    <link:label id="lab_mtn_RealEstateSegmentMember_label_en-US" xlink:label="lab_mtn_RealEstateSegmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Segment [Member]</link:label>
    <link:label id="lab_mtn_RealEstateSegmentMember_documentation_en-US" xlink:label="lab_mtn_RealEstateSegmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Real Estate Segment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateSegmentMember" xlink:href="mtn-20240731.xsd#mtn_RealEstateSegmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RealEstateSegmentMember" xlink:to="lab_mtn_RealEstateSegmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ConcentrationOfCreditRiskPolicyTextBlock_681cf585-a020-4b26-b411-c11c70c09f46_terseLabel_en-US" xlink:label="lab_mtn_ConcentrationOfCreditRiskPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Concentration of Credit Risk</link:label>
    <link:label id="lab_mtn_ConcentrationOfCreditRiskPolicyTextBlock_label_en-US" xlink:label="lab_mtn_ConcentrationOfCreditRiskPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Of Credit Risk [Policy Text Block]</link:label>
    <link:label id="lab_mtn_ConcentrationOfCreditRiskPolicyTextBlock_documentation_en-US" xlink:label="lab_mtn_ConcentrationOfCreditRiskPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ConcentrationOfCreditRiskPolicyTextBlock" xlink:href="mtn-20240731.xsd#mtn_ConcentrationOfCreditRiskPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ConcentrationOfCreditRiskPolicyTextBlock" xlink:to="lab_mtn_ConcentrationOfCreditRiskPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateDuringPeriod_330135e3-3cdb-4850-bc76-b5fc83a8f992_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long term debt interest rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateDuringPeriod_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate During Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateDuringPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:to="lab_us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PaymentsOfDividends_512d9397-adff-47c8-b765-c8fe2d8d0085_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Dividends paid</link:label>
    <link:label id="lab_us-gaap_PaymentsOfDividends_111d468f-9288-4e88-a907-80a5f75c1b4a_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends (Note 3)</link:label>
    <link:label id="lab_us-gaap_PaymentsOfDividends_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of Dividends</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividends" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsOfDividends"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDividends" xlink:to="lab_us-gaap_PaymentsOfDividends" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SegmentsGeographicalAreasAbstract_04951a4f-1748-42d9-97d4-b916799b8258_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentsGeographicalAreasAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments, Geographical Areas [Abstract]</link:label>
    <link:label id="lab_us-gaap_SegmentsGeographicalAreasAbstract_label_en-US" xlink:label="lab_us-gaap_SegmentsGeographicalAreasAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments, Geographical Areas [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentsGeographicalAreasAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentsGeographicalAreasAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentsGeographicalAreasAbstract" xlink:to="lab_us-gaap_SegmentsGeographicalAreasAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_4c1fd915-7d90-442b-89c9-eac0473310c2_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, to be Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_AccumulatedAmortizationExcludingGoodwill_6447bd2f-6cfc-4351-aa75-c80c7c9f2472_negatedLabel_en-US" xlink:label="lab_mtn_AccumulatedAmortizationExcludingGoodwill" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Total accumulated amortization</link:label>
    <link:label id="lab_mtn_AccumulatedAmortizationExcludingGoodwill_label_en-US" xlink:label="lab_mtn_AccumulatedAmortizationExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Amortization Excluding Goodwill</link:label>
    <link:label id="lab_mtn_AccumulatedAmortizationExcludingGoodwill_documentation_en-US" xlink:label="lab_mtn_AccumulatedAmortizationExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated Amortization Excluding Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccumulatedAmortizationExcludingGoodwill" xlink:href="mtn-20240731.xsd#mtn_AccumulatedAmortizationExcludingGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_AccumulatedAmortizationExcludingGoodwill" xlink:to="lab_mtn_AccumulatedAmortizationExcludingGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense_6edae42d-0dae-46fe-b96b-ec1cffa45844_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Noncontrolling interests</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization_a0da37b8-33a9-49f3-8542-f25845edb038_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, Amortization</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, Amortization</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetAmortization" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseRightOfUseAssetAmortization" xlink:to="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_SegmentReportingDisclosureTextBlock_ecd8b678-12f1-4706-becd-9a36bd4ed76d_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment Information</link:label>
    <link:label id="lab_us-gaap_SegmentReportingDisclosureTextBlock_label_en-US" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting Disclosure [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingDisclosureTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingDisclosureTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingDisclosureTextBlock" xlink:to="lab_us-gaap_SegmentReportingDisclosureTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_5bd766f8-1717-44ea-921b-a42121d842e8_totalLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net decrease in cash, cash equivalents and restricted cash</link:label>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_label_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:to="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_344673b6-9f74-4cce-9966-7d2b4ab02850_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_WeightedAverageNumberofSharesOutstandingExchangeable_c65701d7-8ab5-4de3-a9a0-650d8b8ed7d3_terseLabel_en-US" xlink:label="lab_mtn_WeightedAverageNumberofSharesOutstandingExchangeable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Exchangeable</link:label>
    <link:label id="lab_mtn_WeightedAverageNumberofSharesOutstandingExchangeable_label_en-US" xlink:label="lab_mtn_WeightedAverageNumberofSharesOutstandingExchangeable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Exchangeable</link:label>
    <link:label id="lab_mtn_WeightedAverageNumberofSharesOutstandingExchangeable_documentation_en-US" xlink:label="lab_mtn_WeightedAverageNumberofSharesOutstandingExchangeable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Exchangeable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WeightedAverageNumberofSharesOutstandingExchangeable" xlink:href="mtn-20240731.xsd#mtn_WeightedAverageNumberofSharesOutstandingExchangeable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_WeightedAverageNumberofSharesOutstandingExchangeable" xlink:to="lab_mtn_WeightedAverageNumberofSharesOutstandingExchangeable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_EquityComponentDomain_e539bc3d-23ce-4419-8eea-5d5ab264bbfd_terseLabel_en-US" xlink:label="lab_us-gaap_EquityComponentDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Component [Domain]</link:label>
    <link:label id="lab_us-gaap_EquityComponentDomain_label_en-US" xlink:label="lab_us-gaap_EquityComponentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Component [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityComponentDomain" xlink:to="lab_us-gaap_EquityComponentDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm_4d2aae92-57c0-45ac-a8d3-321cab165fa2_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average remaining contractual term, outstanding ending balance (in years)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share based Compensation Arrangement By Share based Payment Award Options And SARs Outstanding Weighted Average Remaining Contractual Term</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average period between the balance sheet date and expiration for all awards of options and stock appreciation rights outstanding under the plan, which may be expressed in a decimal value for number of years.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm" xlink:to="lab_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_6660ec67-6552-4687-a745-c9f0deb6e7ad_periodStartLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Awards, outstanding beginning balance (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_234cf0d3-26ca-48db-ba9f-015de6c3957b_periodEndLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Awards, outstanding ending balance (in shares)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement Restricted Stock Units Nonvested Number</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of non-vested restricted share units, that validly exist and are outstanding as of the balance sheet date.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" xlink:to="lab_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_LodgingRevenueNet_a11b0df4-e428-4880-b54c-847ba3aa5a80_terseLabel_en-US" xlink:label="lab_mtn_LodgingRevenueNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lodging</link:label>
    <link:label id="lab_mtn_LodgingRevenueNet_label_en-US" xlink:label="lab_mtn_LodgingRevenueNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lodging Revenue Net</link:label>
    <link:label id="lab_mtn_LodgingRevenueNet_documentation_en-US" xlink:label="lab_mtn_LodgingRevenueNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue generated from owned and managed hotels and condominiums, transportation, golf and other activities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingRevenueNet" xlink:href="mtn-20240731.xsd#mtn_LodgingRevenueNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LodgingRevenueNet" xlink:to="lab_mtn_LodgingRevenueNet" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_2cb40591-2c2e-4576-984a-a9e684517ea2_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net operating loss carryforwards other tax credits</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Operating Loss Carryforwards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwards"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:to="lab_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesOther_9821a5b9-14b7-4daf-9e75-79174a588a46_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesOther" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Other</link:label>
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesOther_label_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Other</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesOther" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesOther"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxLiabilitiesOther" xlink:to="lab_us-gaap_DeferredTaxLiabilitiesOther" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_MountSnowSecuredNoteMember_da2edad9-e286-4175-8e28-533f1257672f_terseLabel_en-US" xlink:label="lab_mtn_MountSnowSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mount Snow Secured Note [Member]</link:label>
    <link:label id="lab_mtn_MountSnowSecuredNoteMember_label_en-US" xlink:label="lab_mtn_MountSnowSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mount Snow Secured Note [Member]</link:label>
    <link:label id="lab_mtn_MountSnowSecuredNoteMember_documentation_en-US" xlink:label="lab_mtn_MountSnowSecuredNoteMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mount Snow Secured Note [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountSnowSecuredNoteMember" xlink:href="mtn-20240731.xsd#mtn_MountSnowSecuredNoteMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountSnowSecuredNoteMember" xlink:to="lab_mtn_MountSnowSecuredNoteMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_8cfe46ea-aff4-41d0-bf17-8e7c8045e622_verboseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average shares outstanding, basic (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_StatementScenarioAxis_0f32df57-d93f-4f1a-95ce-ce0bca138be0_terseLabel_en-US" xlink:label="lab_srt_StatementScenarioAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:label id="lab_srt_StatementScenarioAxis_label_en-US" xlink:label="lab_srt_StatementScenarioAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_StatementScenarioAxis" xlink:to="lab_srt_StatementScenarioAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCurrentReportingStatus_431b51be-752a-4b67-9b08-9f6b468f670e_terseLabel_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:label id="lab_dei_EntityCurrentReportingStatus_label_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCurrentReportingStatus" xlink:to="lab_dei_EntityCurrentReportingStatus" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_50cf142c-b00f-445d-a27e-4aa6ba974cf3_terseLabel_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Increase from Business Combination</link:label>
    <link:label id="lab_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_label_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Increase from Business Combination</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:to="lab_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OperatingIncomeLoss_be879200-0d18-49b4-a5e9-43e3f274502b_totalLabel_en-US" xlink:label="lab_us-gaap_OperatingIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income from operations</link:label>
    <link:label id="lab_us-gaap_OperatingIncomeLoss_label_en-US" xlink:label="lab_us-gaap_OperatingIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Income (Loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingIncomeLoss" xlink:to="lab_us-gaap_OperatingIncomeLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_438785af-b3ae-4323-a832-7eb11e80e34f_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed assets</link:label>
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_label_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Property, Plant and Equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:to="lab_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_ProceedsFromUnsecuredNotesPayable_0ef35b2e-a06a-42b6-9ab6-9faf5a8a8d18_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromUnsecuredNotesPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from Unsecured Notes Payable</link:label>
    <link:label id="lab_us-gaap_ProceedsFromUnsecuredNotesPayable_label_en-US" xlink:label="lab_us-gaap_ProceedsFromUnsecuredNotesPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Unsecured Notes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromUnsecuredNotesPayable" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromUnsecuredNotesPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromUnsecuredNotesPayable" xlink:to="lab_us-gaap_ProceedsFromUnsecuredNotesPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_RevenuesAbstract_8d917f84-1424-42a2-9e4a-78b8c47d1b7e_terseLabel_en-US" xlink:label="lab_us-gaap_RevenuesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net revenue:</link:label>
    <link:label id="lab_us-gaap_RevenuesAbstract_label_en-US" xlink:label="lab_us-gaap_RevenuesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenues [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevenuesAbstract" xlink:to="lab_us-gaap_RevenuesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredIncomeTaxLiabilities_fc574bd8-6273-4a1d-bbf0-29077a733a2e_totalLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Gross</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxLiabilities_label_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities" xlink:to="lab_us-gaap_DeferredIncomeTaxLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue_d7622308-e713-437b-9f2a-b16c0ec7edbd_terseLabel_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant-date fair value, vested (in dollars per share)</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue_label_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement SARs Vested In Period Weighted Average Grant Date Fair Value</link:label>
    <link:label id="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue_documentation_en-US" xlink:label="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average fair value as of grant date pertaining to stock appreciation rights for which the grantee gained the right during the reporting period, by satisfying service requirements, to retain shares or units, in accordance with the terms of the arrangement.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:to="lab_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours_b03cfc62-1014-4bd6-8384-ef026db8240d_terseLabel_en-US" xlink:label="lab_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Service period (in hours)</link:label>
    <link:label id="lab_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours_label_en-US" xlink:label="lab_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan Individual Requisite Service Period In Hours</link:label>
    <link:label id="lab_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours_documentation_en-US" xlink:label="lab_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Requisite Employment Period in Hours within a consecutive 12 month period to be eligible for the Company's matching contributions.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours" xlink:href="mtn-20240731.xsd#mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours" xlink:to="lab_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions_928f6f61-d766-46fc-ab4a-67a0e1ff6113_negatedTerseLabel_en-US" xlink:label="lab_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Change in uncertain tax positions</link:label>
    <link:label id="lab_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions_label_en-US" xlink:label="lab_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Uncertain Tax Provisions</link:label>
    <link:label id="lab_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions_documentation_en-US" xlink:label="lab_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Uncertain Tax Provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" xlink:href="mtn-20240731.xsd#mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" xlink:to="lab_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_EPRSecuredNotesMember_0a8f66de-9161-4a19-8220-6f9c180fa4c1_terseLabel_en-US" xlink:label="lab_mtn_EPRSecuredNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EPR Secured Notes [Member]</link:label>
    <link:label id="lab_mtn_EPRSecuredNotesMember_label_en-US" xlink:label="lab_mtn_EPRSecuredNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EPR Secured Notes [Member]</link:label>
    <link:label id="lab_mtn_EPRSecuredNotesMember_documentation_en-US" xlink:label="lab_mtn_EPRSecuredNotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">EPR Secured Notes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EPRSecuredNotesMember" xlink:href="mtn-20240731.xsd#mtn_EPRSecuredNotesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_EPRSecuredNotesMember" xlink:to="lab_mtn_EPRSecuredNotesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_RetirementAndProfitSharingTextBlock_62222977-7602-44eb-95aa-64697c89fec5_verboseLabel_en-US" xlink:label="lab_mtn_RetirementAndProfitSharingTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Retirement and Profit Sharing Plans</link:label>
    <link:label id="lab_mtn_RetirementAndProfitSharingTextBlock_label_en-US" xlink:label="lab_mtn_RetirementAndProfitSharingTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retirement and Profit Sharing [Text Block]</link:label>
    <link:label id="lab_mtn_RetirementAndProfitSharingTextBlock_documentation_en-US" xlink:label="lab_mtn_RetirementAndProfitSharingTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Entire disclosure for defined contribtuion plan. A defined contribution plan provides benefits in return for services rendered, provides an individual account for each participant, and has terms that specify how contributions to the individual's account are to be determined rather than the amount of benefits the individual is to receive. Disclosure includes a description of the terms and benefits provided by the employer's defined contribution plans.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RetirementAndProfitSharingTextBlock" xlink:href="mtn-20240731.xsd#mtn_RetirementAndProfitSharingTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RetirementAndProfitSharingTextBlock" xlink:to="lab_mtn_RetirementAndProfitSharingTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_2d2dc791-45c4-48c1-a94d-856286de47e3_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Unused Capacity, Commitment Fee Percentage</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Unused Capacity, Commitment Fee Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:to="lab_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_7c30fd29-d36f-468d-b859-9a86391de743_terseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_3421e3bb-e2ca-4386-abd2-9f59ff04e7f7_verboseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Segment Reporting Information, by Segment [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis" xlink:to="lab_us-gaap_StatementBusinessSegmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StatementLineItems_a5cdcada-e6c5-4fba-89a4-7cb5015b8a0e_terseLabel_en-US" xlink:label="lab_us-gaap_StatementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:label id="lab_us-gaap_StatementLineItems_label_en-US" xlink:label="lab_us-gaap_StatementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementLineItems" xlink:to="lab_us-gaap_StatementLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_AccretionExpense_27ee431c-6443-467b-b2fb-cea0f5258766_terseLabel_en-US" xlink:label="lab_us-gaap_AccretionExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accretion Expense</link:label>
    <link:label id="lab_us-gaap_AccretionExpense_label_en-US" xlink:label="lab_us-gaap_AccretionExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accretion Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccretionExpense" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccretionExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccretionExpense" xlink:to="lab_us-gaap_AccretionExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_1c436972-e807-4a08-a3a2-4fcd6140a253_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_LiftTicketsMember_e7797eb5-6bc7-4773-b44e-5bd4ca44a403_terseLabel_en-US" xlink:label="lab_mtn_LiftTicketsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lift</link:label>
    <link:label id="lab_mtn_LiftTicketsMember_label_en-US" xlink:label="lab_mtn_LiftTicketsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lift Tickets [Member]</link:label>
    <link:label id="lab_mtn_LiftTicketsMember_documentation_en-US" xlink:label="lab_mtn_LiftTicketsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lift Tickets [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LiftTicketsMember" xlink:href="mtn-20240731.xsd#mtn_LiftTicketsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LiftTicketsMember" xlink:to="lab_mtn_LiftTicketsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DividendsAxis_650db4d1-1d6d-42a5-8fbb-8a97f0480c34_terseLabel_en-US" xlink:label="lab_us-gaap_DividendsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends [Axis]</link:label>
    <link:label id="lab_us-gaap_DividendsAxis_label_en-US" xlink:label="lab_us-gaap_DividendsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsAxis" xlink:to="lab_us-gaap_DividendsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_WhistlerEmployeeHousingLeasesMember_6e69e040-62b5-46cc-a5e6-9f9e8e795395_terseLabel_en-US" xlink:label="lab_mtn_WhistlerEmployeeHousingLeasesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Whistler Employee Housing Leases</link:label>
    <link:label id="lab_mtn_WhistlerEmployeeHousingLeasesMember_label_en-US" xlink:label="lab_mtn_WhistlerEmployeeHousingLeasesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Whistler Employee Housing Leases [Member]</link:label>
    <link:label id="lab_mtn_WhistlerEmployeeHousingLeasesMember_documentation_en-US" xlink:label="lab_mtn_WhistlerEmployeeHousingLeasesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Whistler Employee Housing Leases</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerEmployeeHousingLeasesMember" xlink:href="mtn-20240731.xsd#mtn_WhistlerEmployeeHousingLeasesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_WhistlerEmployeeHousingLeasesMember" xlink:to="lab_mtn_WhistlerEmployeeHousingLeasesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ScenarioUnspecifiedDomain_13106d0e-95a9-409d-8898-62fa11c4185d_terseLabel_en-US" xlink:label="lab_srt_ScenarioUnspecifiedDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario [Domain]</link:label>
    <link:label id="lab_srt_ScenarioUnspecifiedDomain_label_en-US" xlink:label="lab_srt_ScenarioUnspecifiedDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ScenarioUnspecifiedDomain" xlink:to="lab_srt_ScenarioUnspecifiedDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased_0333f97c-6d37-423e-9eb8-ffa237292eb7_terseLabel_en-US" xlink:label="lab_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased</link:label>
    <link:label id="lab_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased_label_en-US" xlink:label="lab_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased</link:label>
    <link:label id="lab_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased_documentation_en-US" xlink:label="lab_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" xlink:href="mtn-20240731.xsd#mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" xlink:to="lab_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets_faac19bc-bebb-47ea-a801-0f4613b082ec_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets</link:label>
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets_label_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Intangible Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets" xlink:to="lab_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_TreasuryStockCarryingBasis_1a2ba8bb-a98f-48da-b6d2-6171cd936de6_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockCarryingBasis" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Treasury stock, at cost; 9,370 and 8,648 shares, respectively (Note 13)</link:label>
    <link:label id="lab_us-gaap_TreasuryStockCarryingBasis_label_en-US" xlink:label="lab_us-gaap_TreasuryStockCarryingBasis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury Stock, Carrying Basis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCarryingBasis" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCarryingBasis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockCarryingBasis" xlink:to="lab_us-gaap_TreasuryStockCarryingBasis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_LineOfCredit_05c8ac9b-66a3-402b-aedb-6ef023b48d9e_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCredit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Line of Credit</link:label>
    <link:label id="lab_us-gaap_LineOfCredit_label_en-US" xlink:label="lab_us-gaap_LineOfCredit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Line of Credit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCredit" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCredit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCredit" xlink:to="lab_us-gaap_LineOfCredit" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_d5831272-a7b7-4f49-b98e-e104fc80d1b1_terseLabel_en-US" xlink:label="lab_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Name of Property [Axis]</link:label>
    <link:label id="lab_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_label_en-US" xlink:label="lab_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Name of Property [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:to="lab_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_5ccfec54-34f2-4a26-9986-8ac70b779bcf_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stockholders&#8217; equity:</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_e20be888-b38e-4038-b0cd-35cf7b4b0f3d_terseLabel_en-US" xlink:label="lab_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Number of Shares Authorized to be Repurchased</link:label>
    <link:label id="lab_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_38311fcb-c06e-4d13-99e7-20fa2b88e067_verboseLabel_en-US" xlink:label="lab_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of shares authorized to repurchase</link:label>
    <link:label id="lab_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_label_en-US" xlink:label="lab_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Number of Shares Authorized to be Repurchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" xlink:to="lab_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_NoncontrollingInterestMember_4ee170bc-a91e-4200-b85f-54a9b1bf1ed3_terseLabel_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest [Member]</link:label>
    <link:label id="lab_us-gaap_NoncontrollingInterestMember_label_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestMember" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncontrollingInterestMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncontrollingInterestMember" xlink:to="lab_us-gaap_NoncontrollingInterestMember" xlink:type="arc" order="1"/>
    <link:label id="lab_us-gaap_OtherLiabilities_label_en-US" xlink:label="lab_us-gaap_OtherLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilities" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilities" xlink:to="lab_us-gaap_OtherLiabilities" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>13
<FILENAME>mtn-20240731_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:d5f9b4a5-ad73-4cf5-9885-aa2f84d9088e,g:b05a5fc7-e025-4429-99bf-42c2b1aa630e-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.vailresorts.com/role/DocumentAndEntityInformation" xlink:type="simple" xlink:href="mtn-20240731.xsd#DocumentAndEntityInformation"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/DocumentAndEntityInformation" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:href="mtn-20240731.xsd#mtn_DocumentAndEntityInformationAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_ec6a79fb-4d22-415b-8252-ca033a5dd465" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_Security12bTitle_ec6a79fb-4d22-415b-8252-ca033a5dd465" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_4d06a4a9-46c7-4ba1-9ad1-fb6b7db5ce2f" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_CityAreaCode_4d06a4a9-46c7-4ba1-9ad1-fb6b7db5ce2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_1181ec3a-2ea6-4abf-bed9-aad448a5a370" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityIncorporationStateCountryCode_1181ec3a-2ea6-4abf-bed9-aad448a5a370" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport_307e9cf3-65ab-4b17-b1ad-fc428e1110af" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_DocumentTransitionReport_307e9cf3-65ab-4b17-b1ad-fc428e1110af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAnnualReport_31c569e0-bf32-4b0a-965e-6687dabb503a" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_DocumentAnnualReport_31c569e0-bf32-4b0a-965e-6687dabb503a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_687042ba-7857-43aa-b3d6-c6da9ef8810b" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_DocumentType_687042ba-7857-43aa-b3d6-c6da9ef8810b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_82fe0c4b-003c-4988-9eb1-2854f1d88c74" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_AmendmentFlag_82fe0c4b-003c-4988-9eb1-2854f1d88c74" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_397876e4-1a17-43a8-ba38-8553e31ff645" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_DocumentPeriodEndDate_397876e4-1a17-43a8-ba38-8553e31ff645" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus_210aa960-72dd-46d6-a910-d9cf0f421f1d" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_DocumentFiscalYearFocus_210aa960-72dd-46d6-a910-d9cf0f421f1d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus_92cc9a0a-e17e-4489-89d0-a44a329915b8" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_DocumentFiscalPeriodFocus_92cc9a0a-e17e-4489-89d0-a44a329915b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_16730f82-601f-4430-a9dd-dd448877741f" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityRegistrantName_16730f82-601f-4430-a9dd-dd448877741f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_2e6fcd7c-de8f-4bc8-b3ed-39743ce9aba7" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityCentralIndexKey_2e6fcd7c-de8f-4bc8-b3ed-39743ce9aba7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory_4e12fe64-cbd8-4c3c-8737-369c825212a2" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityFilerCategory_4e12fe64-cbd8-4c3c-8737-369c825212a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany_c0e9a0b8-38a3-4858-b949-8885fbeb70b6" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityShellCompany_c0e9a0b8-38a3-4858-b949-8885fbeb70b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntitySmallBusiness_c3b632bb-7dab-427c-bc6e-85722facd641" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntitySmallBusiness_c3b632bb-7dab-427c-bc6e-85722facd641" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_79157b4e-744f-441a-8d41-e1a2a2b120c5" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityEmergingGrowthCompany_79157b4e-744f-441a-8d41-e1a2a2b120c5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer_ebc65d17-7579-4305-99ba-e893099430c9" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityWellKnownSeasonedIssuer_ebc65d17-7579-4305-99ba-e893099430c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityVoluntaryFilers_21c02fa6-8fb5-46b5-8e57-bea4b0b9e500" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityVoluntaryFilers_21c02fa6-8fb5-46b5-8e57-bea4b0b9e500" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus_58bd1f60-ee15-4c7a-b369-60e36fa8473f" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityCurrentReportingStatus_58bd1f60-ee15-4c7a-b369-60e36fa8473f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_902ca509-4fe3-4607-9468-6f49ac531e93" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_902ca509-4fe3-4607-9468-6f49ac531e93" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityPublicFloat_558f314c-61df-4fe7-8053-dc55b834571c" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPublicFloat"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityPublicFloat_558f314c-61df-4fe7-8053-dc55b834571c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_fe8d0092-96c0-47ba-a737-b1951ba4b70b" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityFileNumber_fe8d0092-96c0-47ba-a737-b1951ba4b70b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_41503677-e36d-45ad-b84d-8acc94793529" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityTaxIdentificationNumber_41503677-e36d-45ad-b84d-8acc94793529" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_359a9e1c-3104-489c-b567-f7b41519109b" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityAddressAddressLine1_359a9e1c-3104-489c-b567-f7b41519109b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_f063e124-eb58-4863-b2c0-5fd4d5beb11d" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityAddressCityOrTown_f063e124-eb58-4863-b2c0-5fd4d5beb11d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_9f7b6799-a61b-4430-bd21-673a05c763b5" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityAddressStateOrProvince_9f7b6799-a61b-4430-bd21-673a05c763b5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_213902dc-e532-49dd-8a95-c5ca64f7fbb6" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityAddressPostalZipCode_213902dc-e532-49dd-8a95-c5ca64f7fbb6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_009be660-7212-4797-8b6b-e3c93afed759" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_LocalPhoneNumber_009be660-7212-4797-8b6b-e3c93afed759" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_8dc43fa2-fd4f-4612-98e6-826387c9b189" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="29" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_TradingSymbol_8dc43fa2-fd4f-4612-98e6-826387c9b189" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_cbad5baf-9808-4b29-930a-db7969fc40d1" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_SecurityExchangeName_cbad5baf-9808-4b29-930a-db7969fc40d1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent_59ff9220-69a3-465c-9e13-4ed4a0618de8" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:presentationArc order="31" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_EntityInteractiveDataCurrent_59ff9220-69a3-465c-9e13-4ed4a0618de8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_IcfrAuditorAttestationFlag_1bd11f00-c39c-45fd-a1fb-e125aa66545a" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_IcfrAuditorAttestationFlag"/>
    <link:presentationArc order="32" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_IcfrAuditorAttestationFlag_1bd11f00-c39c-45fd-a1fb-e125aa66545a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_58bb1aa1-5de5-42a0-8292-c5565cb676b8" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate_447c8ce0-5159-40e3-949c-0e49479468f1" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:presentationArc order="34" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_CurrentFiscalYearEndDate_447c8ce0-5159-40e3-949c-0e49479468f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable_37aa4c68-8923-4e0c-b7e5-b111e9dfeb60" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationTable"/>
    <link:presentationArc order="35" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DocumentAndEntityInformationAbstract_edc6eac3-42a5-495c-8f9a-ac3b40ee77d1" xlink:to="loc_dei_DocumentInformationTable_37aa4c68-8923-4e0c-b7e5-b111e9dfeb60" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_f6069e33-b907-4cbd-8a89-1d7b63ae78db" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LegalEntityAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_37aa4c68-8923-4e0c-b7e5-b111e9dfeb60" xlink:to="loc_dei_LegalEntityAxis_f6069e33-b907-4cbd-8a89-1d7b63ae78db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_07a6fb31-29cb-4d6a-8f68-d9cd66a9ca5c" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_f6069e33-b907-4cbd-8a89-1d7b63ae78db" xlink:to="loc_dei_EntityDomain_07a6fb31-29cb-4d6a-8f68-d9cd66a9ca5c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_37aa4c68-8923-4e0c-b7e5-b111e9dfeb60" xlink:to="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorName_cce3d3aa-2125-4349-b660-0e28d5f59fe0" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorName"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_AuditorName_cce3d3aa-2125-4349-b660-0e28d5f59fe0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorLocation_496fcd4a-6d17-48ec-bdee-ba14891f41bf" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorLocation"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_AuditorLocation_496fcd4a-6d17-48ec-bdee-ba14891f41bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_c9652371-4f2c-4eeb-a2bf-d5ac14bf4674" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_DocumentPeriodEndDate_c9652371-4f2c-4eeb-a2bf-d5ac14bf4674" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorFirmId_6868c6ce-3963-429c-9f08-e1a19a7a397f" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorFirmId"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_AuditorFirmId_6868c6ce-3963-429c-9f08-e1a19a7a397f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate_7a829c4b-4790-426e-a12e-eda33fa86d90" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_CurrentFiscalYearEndDate_7a829c4b-4790-426e-a12e-eda33fa86d90" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFinStmtErrorCorrectionFlag_20bc3a93-2682-4f37-a737-f104fd94e391" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFinStmtErrorCorrectionFlag"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_4e85465e-0d24-4144-b345-657e0fb2be98" xlink:to="loc_dei_DocumentFinStmtErrorCorrectionFlag_20bc3a93-2682-4f37-a737-f104fd94e391" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/OrganizationandBusiness" xlink:type="simple" xlink:href="mtn-20240731.xsd#OrganizationandBusiness"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/OrganizationandBusiness" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_df4fce60-33da-4c74-84db-9fe846a67903" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_140ceb13-827c-478f-abcf-1b668f74eafb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_df4fce60-33da-4c74-84db-9fe846a67903" xlink:to="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_140ceb13-827c-478f-abcf-1b668f74eafb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedBalanceSheets" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedBalanceSheets"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedBalanceSheets" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_ca897f97-4b42-4da8-a1b8-d8fdb012fc03" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_e0b1f66f-5f96-4099-b7cf-ea4a7bf37dcb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_ca897f97-4b42-4da8-a1b8-d8fdb012fc03" xlink:to="loc_us-gaap_StatementTable_e0b1f66f-5f96-4099-b7cf-ea4a7bf37dcb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_30fc2a0f-5e6d-42b4-908b-6a2694dccb81" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_e0b1f66f-5f96-4099-b7cf-ea4a7bf37dcb" xlink:to="loc_srt_StatementScenarioAxis_30fc2a0f-5e6d-42b4-908b-6a2694dccb81" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_7773796e-bf40-455d-a6e9-81c979c9ff34" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_30fc2a0f-5e6d-42b4-908b-6a2694dccb81" xlink:to="loc_srt_ScenarioUnspecifiedDomain_7773796e-bf40-455d-a6e9-81c979c9ff34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_e0b1f66f-5f96-4099-b7cf-ea4a7bf37dcb" xlink:to="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_c2f97a29-21a8-4759-a39e-2601325b0a4a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_c2f97a29-21a8-4759-a39e-2601325b0a4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_6dfbfd9a-c9df-4747-b897-95d1ee109465" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_6dfbfd9a-c9df-4747-b897-95d1ee109465" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_ee87f713-6097-40a6-87ae-4648571e6a15" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_ee87f713-6097-40a6-87ae-4648571e6a15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryNet_3e398982-1acd-49a1-83b5-ba717b8a8022" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_InventoryNet_3e398982-1acd-49a1-83b5-ba717b8a8022" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsCurrent_f96e8936-3ce9-43d4-89d2-4eb6fcaf0611" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsCurrent"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_OtherAssetsCurrent_f96e8936-3ce9-43d4-89d2-4eb6fcaf0611" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_b84fcba2-edf7-452c-9e60-6ed961ce62ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AssetsCurrent"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_AssetsCurrent_b84fcba2-edf7-452c-9e60-6ed961ce62ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_3223ee3b-0c5f-44d1-909e-a7bbd47586fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_3223ee3b-0c5f-44d1-909e-a7bbd47586fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryRealEstate_b002b6f9-c900-4389-8552-c7d12e7e7fef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryRealEstate"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_InventoryRealEstate_b002b6f9-c900-4389-8552-c7d12e7e7fef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_04355685-b368-4a54-8663-e08d1e408900" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_Goodwill_04355685-b368-4a54-8663-e08d1e408900" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_f2a62eca-f997-4ffd-a997-c283c9a7528e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_f2a62eca-f997-4ffd-a997-c283c9a7528e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_8c98ed3b-7711-4215-871a-847a4c793094" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_8c98ed3b-7711-4215-871a-847a4c793094" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsNoncurrent_2d71241f-66e6-49f5-8c45-f7bd7877a679" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsNoncurrent"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_OtherAssetsNoncurrent_2d71241f-66e6-49f5-8c45-f7bd7877a679" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_7476f4f0-e6e0-4e51-9e65-8268892c896f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Assets"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_642c0b18-2f50-4342-b663-3bdeb9f9b320" xlink:to="loc_us-gaap_Assets_7476f4f0-e6e0-4e51-9e65-8268892c896f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccountsPayableAccruedLiabilities_640acae2-c52c-46ad-9bbf-c00a06a00b62" xlink:href="mtn-20240731.xsd#mtn_AccountsPayableAccruedLiabilities"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_mtn_AccountsPayableAccruedLiabilities_640acae2-c52c-46ad-9bbf-c00a06a00b62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedIncomeTaxesCurrent_6160bda5-86cc-4f6f-a422-573c37979b12" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedIncomeTaxesCurrent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_AccruedIncomeTaxesCurrent_6160bda5-86cc-4f6f-a422-573c37979b12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_fcc5c5e3-881c-4fd4-815a-f7e58e01cbdd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_fcc5c5e3-881c-4fd4-815a-f7e58e01cbdd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_db52d8fc-eec2-444a-ba98-f726d2664555" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_LiabilitiesCurrent_db52d8fc-eec2-444a-ba98-f726d2664555" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_479ebb70-2a81-460d-93d2-e445d38a0d35" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligations"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_479ebb70-2a81-460d-93d2-e445d38a0d35" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_26b09ffa-7e7e-41a0-a43f-c36430f3649c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_26b09ffa-7e7e-41a0-a43f-c36430f3649c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherLongTermLiabilitiesNoncurrent_3b187de2-41c0-421d-b77c-110c1cd7b35e" xlink:href="mtn-20240731.xsd#mtn_OtherLongTermLiabilitiesNoncurrent"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_mtn_OtherLongTermLiabilitiesNoncurrent_3b187de2-41c0-421d-b77c-110c1cd7b35e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_a0917097-bb59-4370-afc9-d0577d39f0ef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_a0917097-bb59-4370-afc9-d0577d39f0ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_53ddda10-86a2-477a-9cbb-75aa0541b9da" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Liabilities"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_Liabilities_53ddda10-86a2-477a-9cbb-75aa0541b9da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_a6570845-b599-4389-8121-7ef5d7cf1480" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_CommitmentsAndContingencies_a6570845-b599-4389-8121-7ef5d7cf1480" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_793628c2-4ca9-4b5a-bdf6-3c83eb19f508" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockValue_9a5a9d03-8ad2-4ba4-8e93-6316a30935bf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_PreferredStockValue_9a5a9d03-8ad2-4ba4-8e93-6316a30935bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_2bd28170-36c4-40af-8075-d61208074cb9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockValue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_CommonStockValue_2bd28170-36c4-40af-8075-d61208074cb9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_1681c80d-982c-4db1-8160-5e6dc76f6509" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_1681c80d-982c-4db1-8160-5e6dc76f6509" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_3c0251b8-3847-441e-8a97-0f4dd487664b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_3c0251b8-3847-441e-8a97-0f4dd487664b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_a71bd4bc-778e-4056-a2d0-f48592db9004" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_a71bd4bc-778e-4056-a2d0-f48592db9004" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCarryingBasis_41a70bed-af25-413d-b023-a4ed873dd07e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCarryingBasis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_TreasuryStockCarryingBasis_41a70bed-af25-413d-b023-a4ed873dd07e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_7445d23a-14ee-442b-877d-09d3c4727a60" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquity"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_StockholdersEquity_7445d23a-14ee-442b-877d-09d3c4727a60" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterest_2217770a-ca95-47c7-956e-0fdacea55784" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterest"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_MinorityInterest_2217770a-ca95-47c7-956e-0fdacea55784" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3bb06803-b26e-4978-9325-8f780876a097" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3bb06803-b26e-4978-9325-8f780876a097" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_de5f8582-b2b6-4415-83c4-e18282c87f28" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_add2b047-0c7c-47c2-9c90-06b7ef3d45c4" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_de5f8582-b2b6-4415-83c4-e18282c87f28" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_5c1e0e83-122f-4ab3-bbfa-397cfd8fd1c0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockParOrStatedValuePerShare"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_PreferredStockParOrStatedValuePerShare_5c1e0e83-122f-4ab3-bbfa-397cfd8fd1c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized_25fc62a9-c513-4843-a831-d45cfb83353a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesAuthorized"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_PreferredStockSharesAuthorized_25fc62a9-c513-4843-a831-d45cfb83353a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_8d76df07-16b2-4930-a2a2-ef27898582ba" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesOutstanding"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_8d76df07-16b2-4930-a2a2-ef27898582ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesIssued_f2b2553f-7207-4299-83f9-d166f93bb575" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesIssued"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_PreferredStockSharesIssued_f2b2553f-7207-4299-83f9-d166f93bb575" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_5947fefb-cce3-457b-9f51-9ae32df23642" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_5947fefb-cce3-457b-9f51-9ae32df23642" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_26ba4824-9dce-4948-993a-f299f4f9d2f1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesAuthorized"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_26ba4824-9dce-4948-993a-f299f4f9d2f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_78307108-73bc-4454-84c2-a29cb78579f9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_CommonStockSharesIssued_78307108-73bc-4454-84c2-a29cb78579f9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonShares_a4953cf4-2b66-4bbd-9fcf-a68ff8423e08" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonShares"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_63a95876-40f1-43df-9a61-893663e0a92b" xlink:to="loc_us-gaap_TreasuryStockCommonShares_a4953cf4-2b66-4bbd-9fcf-a68ff8423e08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedBalanceSheetsParenthetical"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_d0e2096f-4bbf-400a-9623-514822f7dc80" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_73eab0af-14a3-4ed4-9494-33bedd59c8c6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockParOrStatedValuePerShare"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_d0e2096f-4bbf-400a-9623-514822f7dc80" xlink:to="loc_us-gaap_PreferredStockParOrStatedValuePerShare_73eab0af-14a3-4ed4-9494-33bedd59c8c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized_1cb3b2d0-13aa-448f-bd5a-3ab3bcd826e4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesAuthorized"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_d0e2096f-4bbf-400a-9623-514822f7dc80" xlink:to="loc_us-gaap_PreferredStockSharesAuthorized_1cb3b2d0-13aa-448f-bd5a-3ab3bcd826e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesIssued_5c1808c1-a822-458e-9dd7-cd3cb0687df3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesIssued"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_d0e2096f-4bbf-400a-9623-514822f7dc80" xlink:to="loc_us-gaap_PreferredStockSharesIssued_5c1808c1-a822-458e-9dd7-cd3cb0687df3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_07867f9d-2961-4196-adb2-864169d6de49" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PreferredStockSharesOutstanding"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_d0e2096f-4bbf-400a-9623-514822f7dc80" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_07867f9d-2961-4196-adb2-864169d6de49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_07f1645a-2857-4d95-b358-e0acb9b7a938" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_d0e2096f-4bbf-400a-9623-514822f7dc80" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_07f1645a-2857-4d95-b358-e0acb9b7a938" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_dc34db43-cf5e-4b47-9d5b-0bb51507da7c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesAuthorized"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_d0e2096f-4bbf-400a-9623-514822f7dc80" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_dc34db43-cf5e-4b47-9d5b-0bb51507da7c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_6b1db1aa-7030-4485-8d2b-0e237996c424" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_d0e2096f-4bbf-400a-9623-514822f7dc80" xlink:to="loc_us-gaap_CommonStockSharesIssued_6b1db1aa-7030-4485-8d2b-0e237996c424" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonShares_89c52246-d34b-4058-8766-262d7e328346" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonShares"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_d0e2096f-4bbf-400a-9623-514822f7dc80" xlink:to="loc_us-gaap_TreasuryStockCommonShares_89c52246-d34b-4058-8766-262d7e328346" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementsOfOperations"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementAbstract_3c3d65d3-d9b7-4464-89d5-e0d5bbbc9964" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_43c91273-c754-4a8f-b05e-0ddfde1d21e9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_3c3d65d3-d9b7-4464-89d5-e0d5bbbc9964" xlink:to="loc_us-gaap_StatementTable_43c91273-c754-4a8f-b05e-0ddfde1d21e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_a7e83820-b816-49e1-a09d-801292a2e666" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_43c91273-c754-4a8f-b05e-0ddfde1d21e9" xlink:to="loc_srt_StatementScenarioAxis_a7e83820-b816-49e1-a09d-801292a2e666" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_b38faba4-bdb4-4738-a59c-be91ac580395" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_a7e83820-b816-49e1-a09d-801292a2e666" xlink:to="loc_srt_ScenarioUnspecifiedDomain_b38faba4-bdb4-4738-a59c-be91ac580395" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_646b7ae4-41a5-4930-b8ab-c0eea17bbe62" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_43c91273-c754-4a8f-b05e-0ddfde1d21e9" xlink:to="loc_us-gaap_StatementLineItems_646b7ae4-41a5-4930-b8ab-c0eea17bbe62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_646b7ae4-41a5-4930-b8ab-c0eea17bbe62" xlink:to="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingservicesandotherrevenue_85af9d9e-dac5-4f5a-bce3-ec1e285f628e" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingservicesandotherrevenue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:to="loc_mtn_MountainandLodgingservicesandotherrevenue_85af9d9e-dac5-4f5a-bce3-ec1e285f628e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingretailanddiningrevenue_cbad4bfe-9db3-490d-8e8a-a8da4f2bc53c" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingretailanddiningrevenue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:to="loc_mtn_MountainandLodgingretailanddiningrevenue_cbad4bfe-9db3-490d-8e8a-a8da4f2bc53c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortRevenueNet_e4c9c6cb-95d7-45ae-9e96-ac51fff53624" xlink:href="mtn-20240731.xsd#mtn_ResortRevenueNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:to="loc_mtn_ResortRevenueNet_e4c9c6cb-95d7-45ae-9e96-ac51fff53624" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateRevenue_9873257a-c1eb-41a2-9224-e3e0feb05770" xlink:href="mtn-20240731.xsd#mtn_RealEstateRevenue"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:to="loc_mtn_RealEstateRevenue_9873257a-c1eb-41a2-9224-e3e0feb05770" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_09b3fd5d-4763-4e67-8018-70977150a8e1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_745e4154-5c05-46d6-a9ed-02ddaf02ea99" xlink:to="loc_us-gaap_Revenues_09b3fd5d-4763-4e67-8018-70977150a8e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingExpensesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_646b7ae4-41a5-4930-b8ab-c0eea17bbe62" xlink:to="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingoperatingexpenses_a8212d38-0970-40c1-98f5-643d815e22e7" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingoperatingexpenses"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_MountainandLodgingoperatingexpenses_a8212d38-0970-40c1-98f5-643d815e22e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodgingcostofproductssold_90b18723-b9f5-4798-a359-5f0d808b5d8f" xlink:href="mtn-20240731.xsd#mtn_MountainandLodgingcostofproductssold"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_MountainandLodgingcostofproductssold_90b18723-b9f5-4798-a359-5f0d808b5d8f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainandLodginggeneralandadministrativeexpense_e69e4717-bd44-4a95-99d2-6a9893e2eb5f" xlink:href="mtn-20240731.xsd#mtn_MountainandLodginggeneralandadministrativeexpense"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_MountainandLodginggeneralandadministrativeexpense_e69e4717-bd44-4a95-99d2-6a9893e2eb5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortExpensesNet_87b106d8-2651-4c4e-9f7f-76c5342b365e" xlink:href="mtn-20240731.xsd#mtn_ResortExpensesNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_ResortExpensesNet_87b106d8-2651-4c4e-9f7f-76c5342b365e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateExpense_27a832a9-02e5-4818-a832-921d76b00179" xlink:href="mtn-20240731.xsd#mtn_RealEstateExpense"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_RealEstateExpense_27a832a9-02e5-4818-a832-921d76b00179" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCostsExpensesAndCostOfSales_6df40aa1-0cba-4474-ad7a-47177a4536bd" xlink:href="mtn-20240731.xsd#mtn_OperatingCostsExpensesAndCostOfSales"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_OperatingCostsExpensesAndCostOfSales_6df40aa1-0cba-4474-ad7a-47177a4536bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:href="mtn-20240731.xsd#mtn_OtherOperatingExpensesAndIncomeAbstract"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_9f6c26aa-6662-47d6-8bfa-404f250d1e45" xlink:to="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_18eb6372-1a1d-47ff-bfd7-07858c0e10be" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_DepreciationAndAmortization_18eb6372-1a1d-47ff-bfd7-07858c0e10be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GainOnSaleOfRealProperty_6b4e115b-a5b8-4135-a43c-4f467d7380dc" xlink:href="mtn-20240731.xsd#mtn_GainOnSaleOfRealProperty"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_mtn_GainOnSaleOfRealProperty_6b4e115b-a5b8-4135-a43c-4f467d7380dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ChangeinFairValueofContingentConsideration_3e7f627f-e4bb-4ecc-bc42-dc198abb44b8" xlink:href="mtn-20240731.xsd#mtn_ChangeinFairValueofContingentConsideration"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_mtn_ChangeinFairValueofContingentConsideration_3e7f627f-e4bb-4ecc-bc42-dc198abb44b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets_3b151cb3-815a-4ce1-8bf0-08a9915aca56" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfAssets"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets_3b151cb3-815a-4ce1-8bf0-08a9915aca56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_434164d0-8930-4eba-a970-0ff3bee6ba44" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_OperatingIncomeLoss_434164d0-8930-4eba-a970-0ff3bee6ba44" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_5f46e85c-0df6-4156-ab6f-66db5672ac9c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_InterestExpense_5f46e85c-0df6-4156-ab6f-66db5672ac9c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainEquityInvestmentIncomeLossNet_11e9f367-8920-47fa-ac90-5f1a8022a078" xlink:href="mtn-20240731.xsd#mtn_MountainEquityInvestmentIncomeLossNet"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_mtn_MountainEquityInvestmentIncomeLossNet_11e9f367-8920-47fa-ac90-5f1a8022a078" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_e7d5dd47-17ef-4ffa-92cd-b5acb19ed52b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_InvestmentIncomeInterest_e7d5dd47-17ef-4ffa-92cd-b5acb19ed52b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_57c82590-af6c-40f7-9d26-d82df0579934" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_57c82590-af6c-40f7-9d26-d82df0579934" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_c56c10d3-ab60-45bb-9696-1b09ab44fbd9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_c56c10d3-ab60-45bb-9696-1b09ab44fbd9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_da5e6c6f-f86a-4c4c-b8b8-e83477150505" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_da5e6c6f-f86a-4c4c-b8b8-e83477150505" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_64d86ac0-451b-4040-a0e4-062b4eff89db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_ProfitLoss_64d86ac0-451b-4040-a0e4-062b4eff89db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_f7a84c14-1712-439d-ad9f-b6bada5e0303" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_f7a84c14-1712-439d-ad9f-b6bada5e0303" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_8a661e6f-55e0-49a9-b252-07f401bcd2a5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_NetIncomeLoss_8a661e6f-55e0-49a9-b252-07f401bcd2a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_54752ecb-e43d-465a-9050-7a1e25db6342" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_OtherOperatingExpensesAndIncomeAbstract_d399a55d-9194-4552-bdb5-5ac480fbef91" xlink:to="loc_us-gaap_EarningsPerShareAbstract_54752ecb-e43d-465a-9050-7a1e25db6342" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_0b793068-f661-4cc9-add4-84dcc22842b0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_54752ecb-e43d-465a-9050-7a1e25db6342" xlink:to="loc_us-gaap_EarningsPerShareBasic_0b793068-f661-4cc9-add4-84dcc22842b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_24a3427d-402c-4236-ab15-0cda26330566" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_54752ecb-e43d-465a-9050-7a1e25db6342" xlink:to="loc_us-gaap_EarningsPerShareDiluted_24a3427d-402c-4236-ab15-0cda26330566" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_71ed61cd-f762-4bc4-9061-e89b8db3a327" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_54752ecb-e43d-465a-9050-7a1e25db6342" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_71ed61cd-f762-4bc4-9061-e89b8db3a327" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementofComprehensiveIncome"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_06dd204a-3bc8-4d3c-9e4b-cebdadb2d114" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_c6221091-a38a-41bd-a670-bc0773c2bb56" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_06dd204a-3bc8-4d3c-9e4b-cebdadb2d114" xlink:to="loc_us-gaap_StatementTable_c6221091-a38a-41bd-a670-bc0773c2bb56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_05379404-038f-484c-9f9f-126a468666a9" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_c6221091-a38a-41bd-a670-bc0773c2bb56" xlink:to="loc_srt_StatementScenarioAxis_05379404-038f-484c-9f9f-126a468666a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_989e1ee7-2034-42a3-a642-f1b71775987b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_05379404-038f-484c-9f9f-126a468666a9" xlink:to="loc_srt_ScenarioUnspecifiedDomain_989e1ee7-2034-42a3-a642-f1b71775987b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_c6221091-a38a-41bd-a670-bc0773c2bb56" xlink:to="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_24f37ae7-7c19-4cff-b286-9c106c5b95e3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_ProfitLoss_24f37ae7-7c19-4cff-b286-9c106c5b95e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_9560b856-5eb5-48c3-bdca-fbc2aa67d0c3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_9560b856-5eb5-48c3-bdca-fbc2aa67d0c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1_88a0a2cf-1e2f-458b-9e15-21bbdf68d660" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1_88a0a2cf-1e2f-458b-9e15-21bbdf68d660" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_7bcb1e3c-19b4-465a-8472-1183404a6009" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_7bcb1e3c-19b4-465a-8472-1183404a6009" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_f8df9528-cdf5-4a6d-b96f-1b521ae4c093" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_f8df9528-cdf5-4a6d-b96f-1b521ae4c093" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_80b12fab-94dd-44ec-b33b-5b34358aa7ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_522f4488-520b-4d20-bc6f-73ed47300ae0" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_80b12fab-94dd-44ec-b33b-5b34358aa7ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsofComprehensiveIncomeConsolidatedStatementsofComprehensiveIncomeParenthetical" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementsofComprehensiveIncomeConsolidatedStatementsofComprehensiveIncomeParenthetical"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementsofComprehensiveIncomeConsolidatedStatementsofComprehensiveIncomeParenthetical" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_mtn_StatementofComprehensiveIncomeParentheticalAbstract_f9dd1189-42ad-441e-9194-335b464636f2" xlink:href="mtn-20240731.xsd#mtn_StatementofComprehensiveIncomeParentheticalAbstract"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementsOfStockholdersEquity"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_ae1190b2-8ab2-4e46-908c-d51718f5305e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_1b95e450-8c68-44ba-bb3e-e09405a2bee8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_ae1190b2-8ab2-4e46-908c-d51718f5305e" xlink:to="loc_us-gaap_StatementTable_1b95e450-8c68-44ba-bb3e-e09405a2bee8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_02557258-6c4c-4923-9c97-d5ac15b41dc4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_1b95e450-8c68-44ba-bb3e-e09405a2bee8" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_02557258-6c4c-4923-9c97-d5ac15b41dc4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_02557258-6c4c-4923-9c97-d5ac15b41dc4" xlink:to="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_f323dde4-f1b9-497f-8e6b-e935937a09df" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_CommonStockMember_f323dde4-f1b9-497f-8e6b-e935937a09df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_b4515fd5-cc13-464e-a964-f3953f1cf22a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_b4515fd5-cc13-464e-a964-f3953f1cf22a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_58d42350-db4b-41d9-978b-340b3ac580dc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_58d42350-db4b-41d9-978b-340b3ac580dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_a3041442-c193-485f-8efa-867a6c75e4bc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_RetainedEarningsMember_a3041442-c193-485f-8efa-867a6c75e4bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonMember_c5df750f-18b8-4ee5-8265-40f5b742aacd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_TreasuryStockCommonMember_c5df750f-18b8-4ee5-8265-40f5b742aacd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TotalVailResortsIncStockholdersEquityMember_90c586a3-23c3-403c-b901-ffaa1e578f35" xlink:href="mtn-20240731.xsd#mtn_TotalVailResortsIncStockholdersEquityMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_mtn_TotalVailResortsIncStockholdersEquityMember_90c586a3-23c3-403c-b901-ffaa1e578f35" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestMember_7aa6171e-5dfa-4ccd-b1ae-a8e477c2f1ab" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncontrollingInterestMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_98cffe2e-4a51-4306-b391-a1bc1dca38ce" xlink:to="loc_us-gaap_NoncontrollingInterestMember_7aa6171e-5dfa-4ccd-b1ae-a8e477c2f1ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonMember_d61cdf1e-5d44-4730-acca-c7dd51e53855" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonMember"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_1b95e450-8c68-44ba-bb3e-e09405a2bee8" xlink:to="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2743cfbd-dc2d-4481-9ec2-3bb23a958ce0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2743cfbd-dc2d-4481-9ec2-3bb23a958ce0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_a0d88d58-cc81-4f18-98f7-218dd087249b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_NetIncomeLoss_a0d88d58-cc81-4f18-98f7-218dd087249b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_50a7ff2c-9318-48f6-8873-79c749bd1763" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_50a7ff2c-9318-48f6-8873-79c749bd1763" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_b3e864ba-7cb0-43c3-a1cf-61c025b21a32" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_ProfitLoss_b3e864ba-7cb0-43c3-a1cf-61c025b21a32" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_be16e6f3-dbc3-4c77-9ae9-b7ee92ece947" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_be16e6f3-dbc3-4c77-9ae9-b7ee92ece947" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_1cb06482-71a3-429f-bda6-8ac29fe4ea20" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_1cb06482-71a3-429f-bda6-8ac29fe4ea20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_2a0129c0-2a1b-47f2-a49f-2f5fd5fb1bb4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_2a0129c0-2a1b-47f2-a49f-2f5fd5fb1bb4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_b6f73451-966d-4035-8cf6-f0aa037debd1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_b6f73451-966d-4035-8cf6-f0aa037debd1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_522cf8c3-ebde-41be-ad2d-f002de63879e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_522cf8c3-ebde-41be-ad2d-f002de63879e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt_43a235a7-0472-4dfd-b95f-e5cde6351379" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt_43a235a7-0472-4dfd-b95f-e5cde6351379" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_69441049-a861-4792-86c8-231610543c9a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_69441049-a861-4792-86c8-231610543c9a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_b82bccd7-c593-49b7-aa46-609415ae58e4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_b82bccd7-c593-49b7-aa46-609415ae58e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodValue_96f1b9d8-9ea2-471c-9796-23d11ebe6c6b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockRepurchasedDuringPeriodValue"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_StockRepurchasedDuringPeriodValue_96f1b9d8-9ea2-471c-9796-23d11ebe6c6b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsCommonStock_3af7a95c-2082-40a8-b788-b5ccbc446c6e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsCommonStock"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_DividendsCommonStock_3af7a95c-2082-40a8-b788-b5ccbc446c6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_c15f4229-d922-49c3-938c-d1e47d06cfe6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_c15f4229-d922-49c3-938c-d1e47d06cfe6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_80582c4f-2f24-46b6-9de5-e9a719f7bfa5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_80582c4f-2f24-46b6-9de5-e9a719f7bfa5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_051da85e-fad6-4595-8afb-75e40c55e6a3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_edae0edf-0df3-49ec-82d0-912d6a3c8555" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_051da85e-fad6-4595-8afb-75e40c55e6a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows" xlink:type="simple" xlink:href="mtn-20240731.xsd#ConsolidatedStatementsOfCashFlows"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_4a640f9c-0254-41bb-9ca2-b0858acbb541" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_e00fc46c-829b-43c5-b058-222d6a839378" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_4a640f9c-0254-41bb-9ca2-b0858acbb541" xlink:to="loc_us-gaap_StatementTable_e00fc46c-829b-43c5-b058-222d6a839378" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_9599d5c5-c2f2-46aa-b82c-087d3654040c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_e00fc46c-829b-43c5-b058-222d6a839378" xlink:to="loc_srt_StatementScenarioAxis_9599d5c5-c2f2-46aa-b82c-087d3654040c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_8289e436-8d48-4f9c-8ad6-7eecb760611f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_9599d5c5-c2f2-46aa-b82c-087d3654040c" xlink:to="loc_srt_ScenarioUnspecifiedDomain_8289e436-8d48-4f9c-8ad6-7eecb760611f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_e00fc46c-829b-43c5-b058-222d6a839378" xlink:to="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_2c1d450f-bf7d-4476-ba45-eb9e7fbaaf4b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_2c1d450f-bf7d-4476-ba45-eb9e7fbaaf4b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_2468dbaa-0f67-430d-b0e0-99981db26525" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_2c1d450f-bf7d-4476-ba45-eb9e7fbaaf4b" xlink:to="loc_us-gaap_ProfitLoss_2468dbaa-0f67-430d-b0e0-99981db26525" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_2c1d450f-bf7d-4476-ba45-eb9e7fbaaf4b" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_ff9d4549-05f7-44ae-b5fc-9761d8df8ed5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_DepreciationAndAmortization_ff9d4549-05f7-44ae-b5fc-9761d8df8ed5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_b93f69ac-eeed-484d-a8e3-121e56478328" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensation"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_ShareBasedCompensation_b93f69ac-eeed-484d-a8e3-121e56478328" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_f4fbfb7c-135e-4982-ace6-501ef58f3edd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_f4fbfb7c-135e-4982-ace6-501ef58f3edd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets1_64709fd7-8c87-433e-88e2-2ebc10da58ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfAssets1"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets1_64709fd7-8c87-433e-88e2-2ebc10da58ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ChangeinFairValueofContingentConsideration_9151c058-a553-4b5a-aac4-d2014e87de95" xlink:href="mtn-20240731.xsd#mtn_ChangeinFairValueofContingentConsideration"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_mtn_ChangeinFairValueofContingentConsideration_9151c058-a553-4b5a-aac4-d2014e87de95" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashExpense_eb1f14ae-1c83-4f99-8e0c-451ad0645acd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherNoncashExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_OtherNoncashExpense_eb1f14ae-1c83-4f99-8e0c-451ad0645acd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashIncome_69c0b352-4c45-4796-a8c5-e483bbf49d31" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherNoncashIncome"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_OtherNoncashIncome_69c0b352-4c45-4796-a8c5-e483bbf49d31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_4b689c67-3335-4e64-a941-a1b95b8f2e2f" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_5c12d1e1-c37a-4984-af8e-4d198f146104" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_5c12d1e1-c37a-4984-af8e-4d198f146104" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_66115204-2fee-409c-8937-15c6af3bf3db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInInventories"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_66115204-2fee-409c-8937-15c6af3bf3db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_bfb989cd-f096-4079-8cea-ad154b5090aa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_bfb989cd-f096-4079-8cea-ad154b5090aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredRevenue_40b812e6-bdf3-49ea-ada7-471f58fbf504" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInDeferredRevenue_40b812e6-bdf3-49ea-ada7-471f58fbf504" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_11f01a75-0b75-4832-b559-911846852fc7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_11f01a75-0b75-4832-b559-911846852fc7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_914f3886-8f34-490f-bdff-bd254050303e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_f1573fad-3785-41f8-9b7c-a0ae9f5e2332" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_914f3886-8f34-490f-bdff-bd254050303e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4bd4d3ae-68da-465a-8e65-46bb80ab9a30" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_2c1d450f-bf7d-4476-ba45-eb9e7fbaaf4b" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4bd4d3ae-68da-465a-8e65-46bb80ab9a30" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets_b445c6aa-da91-40bc-9c1e-becf3bec39c8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireProductiveAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_PaymentsToAcquireProductiveAssets_b445c6aa-da91-40bc-9c1e-becf3bec39c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ec29e7ba-27c6-4c07-943f-a7b1074c1b2b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ec29e7ba-27c6-4c07-943f-a7b1074c1b2b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BusinessCombinationDepositsReturned_648a979a-10b5-4999-b207-9cae57c9afd5" xlink:href="mtn-20240731.xsd#mtn_BusinessCombinationDepositsReturned"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_mtn_BusinessCombinationDepositsReturned_648a979a-10b5-4999-b207-9cae57c9afd5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BusinessCombinationDeposits_1b9b5aae-0c15-45ae-8a9b-71da859674ba" xlink:href="mtn-20240731.xsd#mtn_BusinessCombinationDeposits"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_mtn_BusinessCombinationDeposits_1b9b5aae-0c15-45ae-8a9b-71da859674ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireShortTermInvestments_e32a2bdf-8912-4224-90f2-94baf5755d0e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireShortTermInvestments"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_PaymentsToAcquireShortTermInvestments_e32a2bdf-8912-4224-90f2-94baf5755d0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_b74858c6-3e25-4244-98d8-17203cc67120" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_b74858c6-3e25-4244-98d8-17203cc67120" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_f6794c21-c247-4b4c-8c33-2500086edbfb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_f6794c21-c247-4b4c-8c33-2500086edbfb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_b5eb3750-8b03-4c49-93d7-ca66a9918a38" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_b5eb3750-8b03-4c49-93d7-ca66a9918a38" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_9a41eeae-4c39-400e-801f-95737796209e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_50423778-0fcb-415d-9c93-f36aa809eb3e" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_9a41eeae-4c39-400e-801f-95737796209e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ProceedsFrom6.50SeniorNotes_0da46680-1466-47ac-aaec-e66132a51887" xlink:href="mtn-20240731.xsd#mtn_ProceedsFrom6.50SeniorNotes"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_mtn_ProceedsFrom6.50SeniorNotes_0da46680-1466-47ac-aaec-e66132a51887" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsofTermLoan_8c3927a7-6015-4157-a5ee-1840abdba9f4" xlink:href="mtn-20240731.xsd#mtn_RepaymentsofTermLoan"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_mtn_RepaymentsofTermLoan_8c3927a7-6015-4157-a5ee-1840abdba9f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsOfBorrowingsUnder6.25Notes_9aaa2a42-f215-4e39-b686-5ad63b153e8f" xlink:href="mtn-20240731.xsd#mtn_RepaymentsOfBorrowingsUnder6.25Notes"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_mtn_RepaymentsOfBorrowingsUnder6.25Notes_9aaa2a42-f215-4e39-b686-5ad63b153e8f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentsofWhistlerCreditAgreementrevolver_577a20a0-8314-4b6a-9399-2a0e1babd82f" xlink:href="mtn-20240731.xsd#mtn_RepaymentsofWhistlerCreditAgreementrevolver"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_mtn_RepaymentsofWhistlerCreditAgreementrevolver_577a20a0-8314-4b6a-9399-2a0e1babd82f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RepaymentOfEB5DevelopmentNotes_d8fe2151-6af9-417d-9cc3-15a516a56086" xlink:href="mtn-20240731.xsd#mtn_RepaymentOfEB5DevelopmentNotes"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_mtn_RepaymentOfEB5DevelopmentNotes_d8fe2151-6af9-417d-9cc3-15a516a56086" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_e4187308-7b1a-49e4-a377-9e4c46a279c6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_e4187308-7b1a-49e4-a377-9e4c46a279c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_76577723-78f1-4b24-89e2-5a5cd2510fe4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_76577723-78f1-4b24-89e2-5a5cd2510fe4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividends_25d58137-bd35-4683-a3d9-7b8b502713f0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsOfDividends"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_us-gaap_PaymentsOfDividends_25d58137-bd35-4683-a3d9-7b8b502713f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_ade13f19-7e14-4482-b686-b7ef954acbda" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_ade13f19-7e14-4482-b686-b7ef954acbda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_ec3d2679-6124-47a9-b5fb-aae2c3af343b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_94092d0c-6af8-4ea9-a12d-1a9e9ac93dbe" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_ec3d2679-6124-47a9-b5fb-aae2c3af343b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_eec8ec33-9057-4215-9475-5e254581ca53" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_eec8ec33-9057-4215-9475-5e254581ca53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_a41e8ec1-01c9-4287-a0dc-a6358df4cff5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_a41e8ec1-01c9-4287-a0dc-a6358df4cff5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract_fa7c7607-f89f-4761-af26-7615501d97da" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract_fa7c7607-f89f-4761-af26-7615501d97da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_a3aa56c7-f534-4612-abb8-357f0e60d11e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract_fa7c7607-f89f-4761-af26-7615501d97da" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_a3aa56c7-f534-4612-abb8-357f0e60d11e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_a29ebace-0715-4d54-aa56-4381935bb5bb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract_fa7c7607-f89f-4761-af26-7615501d97da" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_a29ebace-0715-4d54-aa56-4381935bb5bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPaidNet_1ceed39a-cd50-418f-b5d7-cdb63857adf3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestPaidNet"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_InterestPaidNet_1ceed39a-cd50-418f-b5d7-cdb63857adf3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxesPaid_0bda084b-7f2b-4d12-8e79-824b73405c9c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxesPaid"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_IncomeTaxesPaid_0bda084b-7f2b-4d12-8e79-824b73405c9c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid_89d4ab82-ec1e-458c-ab8d-778addd18418" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalExpendituresIncurredButNotYetPaid"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5686b759-585c-4848-bfb2-0253098da37e" xlink:to="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid_89d4ab82-ec1e-458c-ab8d-778addd18418" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPolicies" xlink:type="simple" xlink:href="mtn-20240731.xsd#SummaryofSignificantAccountingPolicies"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SummaryofSignificantAccountingPolicies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_59d04903-b51e-447e-8cfe-fc4b8c6a11f1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_19bdfae6-f034-4629-9506-9924dfe39e19" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SignificantAccountingPoliciesTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_59d04903-b51e-447e-8cfe-fc4b8c6a11f1" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_19bdfae6-f034-4629-9506-9924dfe39e19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/RevenuesNotes" xlink:type="simple" xlink:href="mtn-20240731.xsd#RevenuesNotes"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/RevenuesNotes" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesAbstract_b9a9b8bb-9ede-476a-b9ba-8446e776d903" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerTextBlock_dbf61c5c-c99b-423d-8776-5584ab7271fb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromContractWithCustomerTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_b9a9b8bb-9ede-476a-b9ba-8446e776d903" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerTextBlock_dbf61c5c-c99b-423d-8776-5584ab7271fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/LeasesNotes" xlink:type="simple" xlink:href="mtn-20240731.xsd#LeasesNotes"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/LeasesNotes" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_e25f9f97-7a79-4553-8ac0-7be600bdbc1f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowSupplementalDisclosuresTextBlock_3738fc1a-895a-47db-8b28-eb188f5bfc81" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashFlowSupplementalDisclosuresTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_e25f9f97-7a79-4553-8ac0-7be600bdbc1f" xlink:to="loc_us-gaap_CashFlowSupplementalDisclosuresTextBlock_3738fc1a-895a-47db-8b28-eb188f5bfc81" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeasesTextBlock_f3178a91-0273-4636-b9c8-6ad57a35affb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeasesTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_e25f9f97-7a79-4553-8ac0-7be600bdbc1f" xlink:to="loc_us-gaap_LesseeOperatingLeasesTextBlock_f3178a91-0273-4636-b9c8-6ad57a35affb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/NetIncomePerCommonShare" xlink:type="simple" xlink:href="mtn-20240731.xsd#NetIncomePerCommonShare"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/NetIncomePerCommonShare" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareReconciliationAbstract_687ddb5c-6f26-40be-8302-16bef60f938c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareReconciliationAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_810f00b4-e51d-4458-8132-03e2f1aaa9f4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareReconciliationAbstract_687ddb5c-6f26-40be-8302-16bef60f938c" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_810f00b4-e51d-4458-8132-03e2f1aaa9f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/LongTermDebt" xlink:type="simple" xlink:href="mtn-20240731.xsd#LongTermDebt"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/LongTermDebt" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_7ca292d7-b993-49e2-a204-53a4e4de5302" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_70c3bbef-2905-4fbc-afcc-3d40b53610fe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_7ca292d7-b993-49e2-a204-53a4e4de5302" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_70c3bbef-2905-4fbc-afcc-3d40b53610fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/Acquisitions" xlink:type="simple" xlink:href="mtn-20240731.xsd#Acquisitions"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/Acquisitions" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_c381aae6-9d1e-48f3-b207-916b52183f8b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationsAbstract_fcc05c37-7649-41c6-afdb-84c6674c5d28" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1402c025-32a0-4c64-b930-1b8a8378dbb2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationsAbstract_fcc05c37-7649-41c6-afdb-84c6674c5d28" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1402c025-32a0-4c64-b930-1b8a8378dbb2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_2183c593-ea0a-46e8-9c66-105213cb83d7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1402c025-32a0-4c64-b930-1b8a8378dbb2" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_2183c593-ea0a-46e8-9c66-105213cb83d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_ffa6d4d7-e7b8-4945-a73b-271fdc0acb8a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_2183c593-ea0a-46e8-9c66-105213cb83d7" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_ffa6d4d7-e7b8-4945-a73b-271fdc0acb8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems_21e5ad24-7c41-44f0-a026-d10b79927563" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1402c025-32a0-4c64-b930-1b8a8378dbb2" xlink:to="loc_us-gaap_BusinessAcquisitionLineItems_21e5ad24-7c41-44f0-a026-d10b79927563" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationDisclosureTextBlock_6a74e08d-e8b4-4fb1-8278-503f3a05f89a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationDisclosureTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationsAbstract_fcc05c37-7649-41c6-afdb-84c6674c5d28" xlink:to="loc_us-gaap_BusinessCombinationDisclosureTextBlock_6a74e08d-e8b4-4fb1-8278-503f3a05f89a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformation" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformation"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformation" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_51c741ba-2e90-4a0e-936a-d763d2c56dfc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetRelatedDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock_3e23a3e8-11d3-47e2-a1d2-79283f78e055" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SupplementalBalanceSheetDisclosuresTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_51c741ba-2e90-4a0e-936a-d763d2c56dfc" xlink:to="loc_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock_3e23a3e8-11d3-47e2-a1d2-79283f78e055" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/FairValueMeasurements" xlink:type="simple" xlink:href="mtn-20240731.xsd#FairValueMeasurements"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/FairValueMeasurements" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_7c96caeb-833b-432e-be1a-29f07d5481da" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock_65155953-83d4-4699-959b-1076fa675353" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_7c96caeb-833b-432e-be1a-29f07d5481da" xlink:to="loc_us-gaap_FairValueDisclosuresTextBlock_65155953-83d4-4699-959b-1076fa675353" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxes" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxes"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxes" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_5c81a45a-0fa9-40c1-84db-e954bb34c45b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureTextBlock_b337f1f0-6c56-4874-a4ea-cfdd13158e67" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5c81a45a-0fa9-40c1-84db-e954bb34c45b" xlink:to="loc_us-gaap_IncomeTaxDisclosureTextBlock_b337f1f0-6c56-4874-a4ea-cfdd13158e67" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/CommitmentsandContingencies" xlink:type="simple" xlink:href="mtn-20240731.xsd#CommitmentsandContingencies"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/CommitmentsandContingencies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_90bc878b-efb0-48a9-8ee3-56ec0d97918d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_dc3399fb-6d68-4a5b-ad3d-343972c6d264" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_90bc878b-efb0-48a9-8ee3-56ec0d97918d" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_dc3399fb-6d68-4a5b-ad3d-343972c6d264" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SegmentInformation" xlink:type="simple" xlink:href="mtn-20240731.xsd#SegmentInformation"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SegmentInformation" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_9aae74de-5847-4fae-bb9a-28ac1d0167f5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingDisclosureTextBlock_5a5a5b23-3333-4079-a8d5-613608ed0f0a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_9aae74de-5847-4fae-bb9a-28ac1d0167f5" xlink:to="loc_us-gaap_SegmentReportingDisclosureTextBlock_5a5a5b23-3333-4079-a8d5-613608ed0f0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockRepurchasePlan" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockRepurchasePlan"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/StockRepurchasePlan" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract_90b103ac-bfb1-4e1c-a097-634802a36269" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_33da6930-638b-41d0-b506-a2e2d69e6ce3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfTreasuryStockByClassTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract_90b103ac-bfb1-4e1c-a097-634802a36269" xlink:to="loc_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_33da6930-638b-41d0-b506-a2e2d69e6ce3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlan" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlan"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlan" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_96ae4ac1-e87a-4208-bb09-0759826dcaf2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_1f3e1646-a6e9-4c59-a03e-675c9363e3a8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_96ae4ac1-e87a-4208-bb09-0759826dcaf2" xlink:to="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_1f3e1646-a6e9-4c59-a03e-675c9363e3a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/RetirementandProfitSharingPlans" xlink:type="simple" xlink:href="mtn-20240731.xsd#RetirementandProfitSharingPlans"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/RetirementandProfitSharingPlans" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_db400127-fb4d-4707-bec1-e449a922da10" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RetirementAndProfitSharingTextBlock_ed5550e3-c578-4cd7-a82d-06ecbd69c7fe" xlink:href="mtn-20240731.xsd#mtn_RetirementAndProfitSharingTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_db400127-fb4d-4707-bec1-e449a922da10" xlink:to="loc_mtn_RetirementAndProfitSharingTextBlock_ed5550e3-c578-4cd7-a82d-06ecbd69c7fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SubsequentEvents" xlink:type="simple" xlink:href="mtn-20240731.xsd#SubsequentEvents"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SubsequentEvents" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsAbstract_cc8b9c09-9380-41b3-9657-e8ba1fcd4167" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventsAbstract"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="simple" xlink:href="mtn-20240731.xsd#SummaryofSignificantAccountingPoliciesPolicies"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_2d9edd05-3a2a-4028-9938-5003254cf896" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConsolidationPolicyTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_2d9edd05-3a2a-4028-9938-5003254cf896" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock_c619c681-3d1b-4945-8094-2fed73540d95" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock_c619c681-3d1b-4945-8094-2fed73540d95" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradeAndOtherAccountsReceivablePolicy_ae21155d-50ba-41d2-a244-bcedb120c2aa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TradeAndOtherAccountsReceivablePolicy"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_TradeAndOtherAccountsReceivablePolicy_ae21155d-50ba-41d2-a244-bcedb120c2aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryPolicyTextBlock_161fa3cb-ded0-4cea-9b99-1ec20a4ba4e2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryPolicyTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_InventoryPolicyTextBlock_161fa3cb-ded0-4cea-9b99-1ec20a4ba4e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_2129ca41-8a94-45e3-90e3-9e67d2687155" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_2129ca41-8a94-45e3-90e3-9e67d2687155" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_0cfa8214-a59c-4c65-9253-bd3fea68cb05" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstateHeldForDevelopmentAndSalePolicy"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_0cfa8214-a59c-4c65-9253-bd3fea68cb05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredChargesPolicyTextBlock_5572960f-8b79-4be0-a931-8655b25e134f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredChargesPolicyTextBlock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_DeferredChargesPolicyTextBlock_5572960f-8b79-4be0-a931-8655b25e134f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_85ee2e75-31e5-43ab-8b24-28476e0dc5aa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_85ee2e75-31e5-43ab-8b24-28476e0dc5aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_a9601f64-a791-4b75-b537-abf8beb9dcab" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_a9601f64-a791-4b75-b537-abf8beb9dcab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueRecognitionPolicyTextBlock_3da18e7e-9b38-4f56-8744-06937f54e359" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueRecognitionPolicyTextBlock"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_RevenueRecognitionPolicyTextBlock_3da18e7e-9b38-4f56-8744-06937f54e359" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstatePolicyTextBlock_5f30f007-720d-425d-8280-aefd1f5d4e5f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RealEstatePolicyTextBlock"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_RealEstatePolicyTextBlock_5f30f007-720d-425d-8280-aefd1f5d4e5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_7f4a8747-5c34-4ed1-a5b5-4f57df1d8680" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_7f4a8747-5c34-4ed1-a5b5-4f57df1d8680" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityReserveEstimatePolicy_c8efa503-0a48-4a27-966d-39b00a2f7e7d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LiabilityReserveEstimatePolicy"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_LiabilityReserveEstimatePolicy_c8efa503-0a48-4a27-966d-39b00a2f7e7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdvertisingCostsPolicyTextBlock_3667891b-2fc3-4913-acd8-f1322459295d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdvertisingCostsPolicyTextBlock"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_AdvertisingCostsPolicyTextBlock_3667891b-2fc3-4913-acd8-f1322459295d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxPolicyTextBlock_cb5d7142-2545-448c-8d17-8fa3a654f01e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxPolicyTextBlock"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_IncomeTaxPolicyTextBlock_cb5d7142-2545-448c-8d17-8fa3a654f01e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy_f5cdebd8-045c-402f-b6d5-3a2991e4e29e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy_f5cdebd8-045c-402f-b6d5-3a2991e4e29e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_2bfa36dd-c9e0-46f5-9b93-91cb62221007" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_2bfa36dd-c9e0-46f5-9b93-91cb62221007" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ConcentrationOfCreditRiskPolicyTextBlock_bc4d52b5-ce33-4941-81f0-10455338c906" xlink:href="mtn-20240731.xsd#mtn_ConcentrationOfCreditRiskPolicyTextBlock"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_mtn_ConcentrationOfCreditRiskPolicyTextBlock_bc4d52b5-ce33-4941-81f0-10455338c906" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_f2aba1b8-9084-425b-9403-3b383e318298" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_f2aba1b8-9084-425b-9403-3b383e318298" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeLeasesPolicyTextBlock_491e5739-cc1c-4217-b6b6-d8a286fede4d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeLeasesPolicyTextBlock"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_LesseeLeasesPolicyTextBlock_491e5739-cc1c-4217-b6b6-d8a286fede4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UseOfEstimates_0734a3d5-6a5b-49ff-8d85-d35e14be424a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UseOfEstimates"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_UseOfEstimates_0734a3d5-6a5b-49ff-8d85-d35e14be424a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_fd3da2d5-6f4e-4a0c-9e02-b5141a82e04f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_fd3da2d5-6f4e-4a0c-9e02-b5141a82e04f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_a1cdff6f-6446-47e0-9b6e-11d5bc9f237f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_db88b069-b328-43f8-96bc-81ee98ceda27" xlink:to="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_a1cdff6f-6446-47e0-9b6e-11d5bc9f237f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#SummaryofSignificantAccountingPoliciesTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_22bf14a9-86de-48f1-bf45-fa60d36d6b30" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock_f59b8b57-9301-4c2f-b28d-30049617e64e" xlink:href="mtn-20240731.xsd#mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_22bf14a9-86de-48f1-bf45-fa60d36d6b30" xlink:to="loc_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock_f59b8b57-9301-4c2f-b28d-30049617e64e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_91782cec-c53d-444a-9d6b-a98a845c4371" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_22bf14a9-86de-48f1-bf45-fa60d36d6b30" xlink:to="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_91782cec-c53d-444a-9d6b-a98a845c4371" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_e5472a59-5340-42fb-8111-2b1538b335b8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_22bf14a9-86de-48f1-bf45-fa60d36d6b30" xlink:to="loc_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_e5472a59-5340-42fb-8111-2b1538b335b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/RevenuesTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#RevenuesTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/RevenuesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesAbstract_879073c9-02f5-486f-8eef-41f5ced2bf42" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisaggregationOfRevenueTableTextBlock_ecddd668-ae2e-4c55-86d2-065a883504db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_879073c9-02f5-486f-8eef-41f5ced2bf42" xlink:to="loc_us-gaap_DisaggregationOfRevenueTableTextBlock_ecddd668-ae2e-4c55-86d2-065a883504db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/LeasesTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#LeasesTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/LeasesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_fd765eb0-060b-4d72-86c8-6209e5e3dbf5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseCostTableTextBlock_5256a237-6092-47c1-8dc1-5c34c8538153" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseCostTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_fd765eb0-060b-4d72-86c8-6209e5e3dbf5" xlink:to="loc_us-gaap_LeaseCostTableTextBlock_5256a237-6092-47c1-8dc1-5c34c8538153" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowSupplementalDisclosuresTextBlock_e3b12578-c83d-4d49-956a-628c4691ed66" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashFlowSupplementalDisclosuresTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_fd765eb0-060b-4d72-86c8-6209e5e3dbf5" xlink:to="loc_us-gaap_CashFlowSupplementalDisclosuresTextBlock_e3b12578-c83d-4d49-956a-628c4691ed66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock_8e35cd61-605c-4678-8e5e-70129978b883" xlink:href="mtn-20240731.xsd#mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_fd765eb0-060b-4d72-86c8-6209e5e3dbf5" xlink:to="loc_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock_8e35cd61-605c-4678-8e5e-70129978b883" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock_56ebf888-656a-465f-af0a-b238417abe4c" xlink:href="mtn-20240731.xsd#mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_fd765eb0-060b-4d72-86c8-6209e5e3dbf5" xlink:to="loc_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock_56ebf888-656a-465f-af0a-b238417abe4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/NetIncomePerCommonShareTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#NetIncomePerCommonShareTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/NetIncomePerCommonShareTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareReconciliationAbstract_9f199511-0491-4356-b932-931cd595d6c4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareReconciliationAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_392e7978-a0d0-434e-b137-8fc0c1f78b6d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareReconciliationAbstract_9f199511-0491-4356-b932-931cd595d6c4" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_392e7978-a0d0-434e-b137-8fc0c1f78b6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/LongTermDebtTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#LongTermDebtTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/LongTermDebtTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_66761d1b-9e98-49a5-bcd0-c1e2e3447973" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_9cbf14dc-10ff-4248-80a7-777e10264a8d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_66761d1b-9e98-49a5-bcd0-c1e2e3447973" xlink:to="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_9cbf14dc-10ff-4248-80a7-777e10264a8d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_d19a09da-b785-4410-bb9d-ebe7efb4e482" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_66761d1b-9e98-49a5-bcd0-c1e2e3447973" xlink:to="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_d19a09da-b785-4410-bb9d-ebe7efb4e482" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/AcquisitionsTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#AcquisitionsTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/AcquisitionsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationsAbstract_4225500d-8641-4bee-af52-b11e10ff70a3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_03f62c14-b054-4bfb-8c15-e943ad262834" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationsAbstract_4225500d-8641-4bee-af52-b11e10ff70a3" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_03f62c14-b054-4bfb-8c15-e943ad262834" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_8e6be446-c910-4708-82d2-ea3755905119" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_03f62c14-b054-4bfb-8c15-e943ad262834" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_8e6be446-c910-4708-82d2-ea3755905119" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_93fbd46a-5f39-4208-9b4e-e21912d42d53" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_8e6be446-c910-4708-82d2-ea3755905119" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_93fbd46a-5f39-4208-9b4e-e21912d42d53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SevenSpringsResortsMember_f15a0638-ec96-401a-a7ee-a472d6483cc5" xlink:href="mtn-20240731.xsd#mtn_SevenSpringsResortsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_93fbd46a-5f39-4208-9b4e-e21912d42d53" xlink:to="loc_mtn_SevenSpringsResortsMember_f15a0638-ec96-401a-a7ee-a472d6483cc5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_82960f3e-29cc-4001-8baf-8a10fc2cbf21" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_93fbd46a-5f39-4208-9b4e-e21912d42d53" xlink:to="loc_mtn_AndermattSedrunMember_82960f3e-29cc-4001-8baf-8a10fc2cbf21" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CransMontanaMember_04cdad64-78f1-48b0-bf93-0fed0e3531ef" xlink:href="mtn-20240731.xsd#mtn_CransMontanaMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_93fbd46a-5f39-4208-9b4e-e21912d42d53" xlink:to="loc_mtn_CransMontanaMember_04cdad64-78f1-48b0-bf93-0fed0e3531ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_4889339a-cc4f-4fc5-8c6c-0d7181e495e3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_03f62c14-b054-4bfb-8c15-e943ad262834" xlink:to="loc_us-gaap_StatementLineItems_4889339a-cc4f-4fc5-8c6c-0d7181e495e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_f4b4694d-37b3-4fef-8416-d7423d105a3b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_4889339a-cc4f-4fc5-8c6c-0d7181e495e3" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_f4b4694d-37b3-4fef-8416-d7423d105a3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_54390b53-f396-4ee1-bed6-f34f3673d1ec" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetRelatedDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCurrentAssetsTextBlock_004a169b-3eba-4f27-9533-19e5e56cd623" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherCurrentAssetsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_54390b53-f396-4ee1-bed6-f34f3673d1ec" xlink:to="loc_us-gaap_OtherCurrentAssetsTextBlock_004a169b-3eba-4f27-9533-19e5e56cd623" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTextBlock_58bdfe97-dae7-49d1-8e87-e0dd92e0d0db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_54390b53-f396-4ee1-bed6-f34f3673d1ec" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTextBlock_58bdfe97-dae7-49d1-8e87-e0dd92e0d0db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_f94e3063-9788-4b6a-a99e-271157233c71" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_54390b53-f396-4ee1-bed6-f34f3673d1ec" xlink:to="loc_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_f94e3063-9788-4b6a-a99e-271157233c71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfGoodwillTextBlock_a4411184-c10f-4ea4-ae03-f991dcae57a9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfGoodwillTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_54390b53-f396-4ee1-bed6-f34f3673d1ec" xlink:to="loc_us-gaap_ScheduleOfGoodwillTextBlock_a4411184-c10f-4ea4-ae03-f991dcae57a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_bd8b89b3-1ede-4ec5-b5f2-ed3d4a4a9bf9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_54390b53-f396-4ee1-bed6-f34f3673d1ec" xlink:to="loc_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_bd8b89b3-1ede-4ec5-b5f2-ed3d4a4a9bf9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/FairValueMeasurementsTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#FairValueMeasurementsTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/FairValueMeasurementsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_7800f8e0-9635-4c44-a7f7-697aa9482e4b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_9a2822eb-0b21-42cd-9c69-6b9814f98130" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_7800f8e0-9635-4c44-a7f7-697aa9482e4b" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_9a2822eb-0b21-42cd-9c69-6b9814f98130" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_a94b9ad3-46f9-4130-8a36-aa46e5d67a1d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_7800f8e0-9635-4c44-a7f7-697aa9482e4b" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_a94b9ad3-46f9-4130-8a36-aa46e5d67a1d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_e3b3dbdb-f780-4c42-938b-115badb18782" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock_1af76a6f-1a07-4f35-8ecf-94361184ed12" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_e3b3dbdb-f780-4c42-938b-115badb18782" xlink:to="loc_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock_1af76a6f-1a07-4f35-8ecf-94361184ed12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_a5786350-2bb1-426d-8f4d-bd68d7981186" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_e3b3dbdb-f780-4c42-938b-115badb18782" xlink:to="loc_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_a5786350-2bb1-426d-8f4d-bd68d7981186" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock_67cfeb4f-bda1-4684-bdab-f50b8233e681" xlink:href="mtn-20240731.xsd#mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_e3b3dbdb-f780-4c42-938b-115badb18782" xlink:to="loc_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock_67cfeb4f-bda1-4684-bdab-f50b8233e681" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_2123761c-71cf-4aa8-a846-d7f478cb34b8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_e3b3dbdb-f780-4c42-938b-115badb18782" xlink:to="loc_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_2123761c-71cf-4aa8-a846-d7f478cb34b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_f9ab1419-50dd-43d6-bdf3-af47ef6a0fa2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_e3b3dbdb-f780-4c42-938b-115badb18782" xlink:to="loc_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_f9ab1419-50dd-43d6-bdf3-af47ef6a0fa2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock_c04ec82a-8892-4c76-a809-101360993ba8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SummaryOfIncomeTaxContingenciesTextBlock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_e3b3dbdb-f780-4c42-938b-115badb18782" xlink:to="loc_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock_c04ec82a-8892-4c76-a809-101360993ba8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SegmentInformationTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#SegmentInformationTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SegmentInformationTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_9da252f7-861f-46f7-acde-93025523966b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_8b43c256-b632-4758-a894-7b35b08ecb9a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_9da252f7-861f-46f7-acde-93025523966b" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_8b43c256-b632-4758-a894-7b35b08ecb9a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock_befd9e45-b355-4ce7-a091-9f67f79587c8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_9da252f7-861f-46f7-acde-93025523966b" xlink:to="loc_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock_befd9e45-b355-4ce7-a091-9f67f79587c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlanTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlanTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlanTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_01e43455-688d-4b78-81bb-3e8a15fc25e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_feed53f1-415b-4871-8dc9-3df832021f6e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_01e43455-688d-4b78-81bb-3e8a15fc25e8" xlink:to="loc_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_feed53f1-415b-4871-8dc9-3df832021f6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock_7ab3ed36-ce66-4085-acd6-163ee4067594" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_01e43455-688d-4b78-81bb-3e8a15fc25e8" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock_7ab3ed36-ce66-4085-acd6-163ee4067594" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_6e83713b-de37-4dd7-a336-85a42bf6ed37" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_01e43455-688d-4b78-81bb-3e8a15fc25e8" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_6e83713b-de37-4dd7-a336-85a42bf6ed37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock_498df229-e4da-4506-adaa-432c7a6068d1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_01e43455-688d-4b78-81bb-3e8a15fc25e8" xlink:to="loc_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock_498df229-e4da-4506-adaa-432c7a6068d1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SubsequentEventsTables" xlink:type="simple" xlink:href="mtn-20240731.xsd#SubsequentEventsTables"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SubsequentEventsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsAbstract_5d558298-c3e8-495e-a543-845464085028" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventsAbstract"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SummaryofSignificantAccountingPoliciesNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_f2d12d26-562f-4aab-a1cc-a11c7394ba6e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfChangeInAccountingEstimateTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_f2d12d26-562f-4aab-a1cc-a11c7394ba6e" xlink:to="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_db826386-b76b-4c39-ac54-3c3df3f35157" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_db826386-b76b-4c39-ac54-3c3df3f35157" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_db943555-5c53-45b8-a014-3d02f6d6bc42" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_db826386-b76b-4c39-ac54-3c3df3f35157" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_db943555-5c53-45b8-a014-3d02f6d6bc42" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_adec057a-4635-46b9-a67a-dfdeca1e7b17" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_srt_StatementScenarioAxis_adec057a-4635-46b9-a67a-dfdeca1e7b17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_6cd96f19-0745-4266-8318-9398f37540ec" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_adec057a-4635-46b9-a67a-dfdeca1e7b17" xlink:to="loc_srt_ScenarioUnspecifiedDomain_6cd96f19-0745-4266-8318-9398f37540ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_a563b85a-6736-49f3-998c-703054d7c817" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScenarioUnspecifiedDomain_6cd96f19-0745-4266-8318-9398f37540ec" xlink:to="loc_srt_ScenarioForecastMember_a563b85a-6736-49f3-998c-703054d7c817" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_778d53db-85ce-4e75-925c-6978af4352d4" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_srt_RangeAxis_778d53db-85ce-4e75-925c-6978af4352d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_88c7307b-8424-4d0f-b827-05c41d017f96" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_778d53db-85ce-4e75-925c-6978af4352d4" xlink:to="loc_srt_RangeMember_88c7307b-8424-4d0f-b827-05c41d017f96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_7759c111-6811-4380-87dd-f2067db37c60" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_88c7307b-8424-4d0f-b827-05c41d017f96" xlink:to="loc_srt_MinimumMember_7759c111-6811-4380-87dd-f2067db37c60" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_0f4f9f98-33b5-45b2-8c66-892d2794cd34" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_88c7307b-8424-4d0f-b827-05c41d017f96" xlink:to="loc_srt_MaximumMember_0f4f9f98-33b5-45b2-8c66-892d2794cd34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_f1f911d1-6648-4943-8715-5eb3f514e163" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_f1f911d1-6648-4943-8715-5eb3f514e163" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_427d9c67-b910-47d7-b472-c27d0ef3fda1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_f1f911d1-6648-4943-8715-5eb3f514e163" xlink:to="loc_us-gaap_EquityComponentDomain_427d9c67-b910-47d7-b472-c27d0ef3fda1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_9e269162-261e-4ed7-8c4b-f6ed177490df" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_427d9c67-b910-47d7-b472-c27d0ef3fda1" xlink:to="loc_us-gaap_RetainedEarningsMember_9e269162-261e-4ed7-8c4b-f6ed177490df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_1a7643ec-f0d6-40db-b7af-bee44098cad1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_1a7643ec-f0d6-40db-b7af-bee44098cad1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_1a7643ec-f0d6-40db-b7af-bee44098cad1" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A6.25NotesMember_899b8c7f-cc6f-4ce4-b994-0ef948493a9e" xlink:href="mtn-20240731.xsd#mtn_A6.25NotesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:to="loc_mtn_A6.25NotesMember_899b8c7f-cc6f-4ce4-b994-0ef948493a9e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EPRSecuredNotesMember_8da6556b-1007-43d9-948c-670aa9723cf3" xlink:href="mtn-20240731.xsd#mtn_EPRSecuredNotesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:to="loc_mtn_EPRSecuredNotesMember_8da6556b-1007-43d9-948c-670aa9723cf3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A00NotesMember_6d5c8fd2-da57-415a-89c6-eab586e49a77" xlink:href="mtn-20240731.xsd#mtn_A00NotesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:to="loc_mtn_A00NotesMember_6d5c8fd2-da57-415a-89c6-eab586e49a77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NRPLoanMember_61230983-46a5-4a45-8f6d-3e4d7dc1e77d" xlink:href="mtn-20240731.xsd#mtn_NRPLoanMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_2bebd03d-8ea2-411d-a2d1-65667990ca1a" xlink:to="loc_mtn_NRPLoanMember_61230983-46a5-4a45-8f6d-3e4d7dc1e77d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_2861abef-bddb-4f20-b0f2-5a84a070d09c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_2861abef-bddb-4f20-b0f2-5a84a070d09c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TypeOfAdoptionMember_19b4afec-5b98-4413-b0ef-f11fab41876c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TypeOfAdoptionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_2861abef-bddb-4f20-b0f2-5a84a070d09c" xlink:to="loc_us-gaap_TypeOfAdoptionMember_19b4afec-5b98-4413-b0ef-f11fab41876c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CumulativeEffectPeriodOfAdoptionAxis_f2d7b2dc-eacf-405e-a26a-c0ff1cb9034b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CumulativeEffectPeriodOfAdoptionAxis"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_srt_CumulativeEffectPeriodOfAdoptionAxis_f2d7b2dc-eacf-405e-a26a-c0ff1cb9034b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CumulativeEffectPeriodOfAdoptionDomain_cbd74855-f141-48d4-8c51-c11fa0c1abdc" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CumulativeEffectPeriodOfAdoptionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_CumulativeEffectPeriodOfAdoptionAxis_f2d7b2dc-eacf-405e-a26a-c0ff1cb9034b" xlink:to="loc_srt_CumulativeEffectPeriodOfAdoptionDomain_cbd74855-f141-48d4-8c51-c11fa0c1abdc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfChangeInAccountingEstimateTable_f1f69696-3f90-4935-8d4b-f492637b0fc9" xlink:to="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InterestRateSwapNotionalAmount_1170bebb-da4a-4ae2-bc02-16c8fd081efe" xlink:href="mtn-20240731.xsd#mtn_InterestRateSwapNotionalAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_mtn_InterestRateSwapNotionalAmount_1170bebb-da4a-4ae2-bc02-16c8fd081efe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_d408cb1b-0650-47c3-aa1f-63b031496e5f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_DebtInstrumentFairValue_d408cb1b-0650-47c3-aa1f-63b031496e5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesAndLoansPayable_39b06e52-b8e4-4756-9a4d-9f5844433bd0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NotesAndLoansPayable"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_NotesAndLoansPayable_39b06e52-b8e4-4756-9a4d-9f5844433bd0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccountsPayableAccruedLiabilities_c4558b0e-0493-4e05-9dcb-83aaad5bbf26" xlink:href="mtn-20240731.xsd#mtn_AccountsPayableAccruedLiabilities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_mtn_AccountsPayableAccruedLiabilities_c4558b0e-0493-4e05-9dcb-83aaad5bbf26" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdvertisingExpense_758ac0c7-8053-463b-9f12-96d7b2fbe7bc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdvertisingExpense"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_AdvertisingExpense_758ac0c7-8053-463b-9f12-96d7b2fbe7bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_5853e86a-3496-4772-beeb-601060a5791e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_5853e86a-3496-4772-beeb-601060a5791e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_7e99fb3f-20cb-4c9b-8e33-e617ce06fe4e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_7e99fb3f-20cb-4c9b-8e33-e617ce06fe4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_8c219460-91a0-4d54-9ac3-b653a8c4a48f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_8c219460-91a0-4d54-9ac3-b653a8c4a48f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_e62a7afe-5d17-433a-b4c2-cad8892e8abf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_OperatingLeaseLiability_e62a7afe-5d17-433a-b4c2-cad8892e8abf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_fd09abb9-edae-4d0d-a408-90f4959d1125" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_fd09abb9-edae-4d0d-a408-90f4959d1125" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_aead20eb-0324-406e-8243-df465f74500b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_aead20eb-0324-406e-8243-df465f74500b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_ad459de2-1f13-460a-b0d9-d96967b12358" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligations"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_ad459de2-1f13-460a-b0d9-d96967b12358" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_a61c300c-7c12-4063-aff5-2d98f47d1852" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_a61c300c-7c12-4063-aff5-2d98f47d1852" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_d556bf97-160d-42f1-95c8-3023cf03cfdf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_d556bf97-160d-42f1-95c8-3023cf03cfdf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_00b2cd46-64ab-41cc-b6b9-5d5e208d55ae" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_e9a3c8ad-7fd7-49b5-b8ab-04596bab5e61" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_00b2cd46-64ab-41cc-b6b9-5d5e208d55ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_d57b4ddc-33b4-446a-8e99-37ca1d481efa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_c0a57558-2990-4249-854a-1c06e025fadf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_d57b4ddc-33b4-446a-8e99-37ca1d481efa" xlink:to="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_c0a57558-2990-4249-854a-1c06e025fadf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_28c61262-b769-4755-9b82-d43d13fcf9e6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_c0a57558-2990-4249-854a-1c06e025fadf" xlink:to="loc_srt_RangeAxis_28c61262-b769-4755-9b82-d43d13fcf9e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_08d58b28-3190-4063-8063-ffb1eadb4999" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_28c61262-b769-4755-9b82-d43d13fcf9e6" xlink:to="loc_srt_RangeMember_08d58b28-3190-4063-8063-ffb1eadb4999" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_c3fcc227-3876-4839-a59d-7c23b60ee8e4" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_08d58b28-3190-4063-8063-ffb1eadb4999" xlink:to="loc_srt_MinimumMember_c3fcc227-3876-4839-a59d-7c23b60ee8e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_2d3ff77e-0cdc-480b-8a61-6cd8ff10b172" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_08d58b28-3190-4063-8063-ffb1eadb4999" xlink:to="loc_srt_MaximumMember_2d3ff77e-0cdc-480b-8a61-6cd8ff10b172" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_1c407ba3-fc8e-4e00-a70d-b5444cb424c4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_c0a57558-2990-4249-854a-1c06e025fadf" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_1c407ba3-fc8e-4e00-a70d-b5444cb424c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_1c407ba3-fc8e-4e00-a70d-b5444cb424c4" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LandImprovementsMember_9b655b04-28d2-404a-aaaa-143cd95be626" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LandImprovementsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_LandImprovementsMember_9b655b04-28d2-404a-aaaa-143cd95be626" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BuildingAndBuildingImprovementsMember_a7bf8057-fefe-4f6f-b7ab-c649d886a864" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BuildingAndBuildingImprovementsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_BuildingAndBuildingImprovementsMember_a7bf8057-fefe-4f6f-b7ab-c649d886a864" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MachineryAndEquipmentMember_b39e34df-d3ab-4c0c-a6f5-1f0367e51dde" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MachineryAndEquipmentMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_MachineryAndEquipmentMember_b39e34df-d3ab-4c0c-a6f5-1f0367e51dde" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FurnitureAndFixturesMember_bc0b8d4b-c2f6-4536-902f-6f90d1ac5eb1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FurnitureAndFixturesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_FurnitureAndFixturesMember_bc0b8d4b-c2f6-4536-902f-6f90d1ac5eb1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember_ca89ecde-f603-4035-a359-d6bf864758f3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SoftwareAndSoftwareDevelopmentCostsMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_SoftwareAndSoftwareDevelopmentCostsMember_ca89ecde-f603-4035-a359-d6bf864758f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VehiclesMember_7210700c-95ef-495b-95ba-12d083e0b74a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VehiclesMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_b7593100-bc0b-47c7-bf78-7d22d542b9dd" xlink:to="loc_us-gaap_VehiclesMember_7210700c-95ef-495b-95ba-12d083e0b74a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_470938a1-88bb-4768-a18f-28a7ce7e2895" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_c0a57558-2990-4249-854a-1c06e025fadf" xlink:to="loc_us-gaap_StatementLineItems_470938a1-88bb-4768-a18f-28a7ce7e2895" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_fe3360ad-caf1-4719-ab8f-0988315b5d62" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_470938a1-88bb-4768-a18f-28a7ce7e2895" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_fe3360ad-caf1-4719-ab8f-0988315b5d62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_41ab75ce-e09e-455c-bedb-0034910b4f58" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable_20814ff8-9193-47a3-8701-e472a78491b4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_41ab75ce-e09e-455c-bedb-0034910b4f58" xlink:to="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable_20814ff8-9193-47a3-8701-e472a78491b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_aa1aadd9-998c-4b87-939a-4b6d35fa4a5e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable_20814ff8-9193-47a3-8701-e472a78491b4" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_aa1aadd9-998c-4b87-939a-4b6d35fa4a5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_b909c7a4-83c2-4d59-b2d0-e537c832aea0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_aa1aadd9-998c-4b87-939a-4b6d35fa4a5e" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_b909c7a4-83c2-4d59-b2d0-e537c832aea0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainOperatingExpenseMember_81b55de8-936e-46f6-ae4b-be7c2d95a4fd" xlink:href="mtn-20240731.xsd#mtn_MountainOperatingExpenseMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_b909c7a4-83c2-4d59-b2d0-e537c832aea0" xlink:to="loc_mtn_MountainOperatingExpenseMember_81b55de8-936e-46f6-ae4b-be7c2d95a4fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingOperatingExpenseMember_653cc650-66f6-4f3a-9956-3b6b6e60ab0d" xlink:href="mtn-20240731.xsd#mtn_LodgingOperatingExpenseMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_b909c7a4-83c2-4d59-b2d0-e537c832aea0" xlink:to="loc_mtn_LodgingOperatingExpenseMember_653cc650-66f6-4f3a-9956-3b6b6e60ab0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateOperatingExpenseMember_3b53406d-8275-470e-a00d-f66579704253" xlink:href="mtn-20240731.xsd#mtn_RealEstateOperatingExpenseMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_b909c7a4-83c2-4d59-b2d0-e537c832aea0" xlink:to="loc_mtn_RealEstateOperatingExpenseMember_3b53406d-8275-470e-a00d-f66579704253" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_f06c082f-19cf-4296-874a-375acf0de237" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable_20814ff8-9193-47a3-8701-e472a78491b4" xlink:to="loc_us-gaap_StatementLineItems_f06c082f-19cf-4296-874a-375acf0de237" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_4051ccc1-ea20-42d5-bf75-502560ef115e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f06c082f-19cf-4296-874a-375acf0de237" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_4051ccc1-ea20-42d5-bf75-502560ef115e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_2d60e1af-179a-4eb0-843e-1659874a5d7f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f06c082f-19cf-4296-874a-375acf0de237" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_2d60e1af-179a-4eb0-843e-1659874a5d7f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax_709d8816-6296-444f-9558-0c4ad9234514" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f06c082f-19cf-4296-874a-375acf0de237" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax_709d8816-6296-444f-9558-0c4ad9234514" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/RevenuesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#RevenuesDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/RevenuesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesAbstract_f2ea2d05-ebe0-4f2f-a304-5688034b7563" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisaggregationOfRevenueTable_e4e2173b-191b-4c22-94c4-e5a34042a9b1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_f2ea2d05-ebe0-4f2f-a304-5688034b7563" xlink:to="loc_us-gaap_DisaggregationOfRevenueTable_e4e2173b-191b-4c22-94c4-e5a34042a9b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_d29fb0a7-c340-470c-a8d6-c17a3d0a6572" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueTable_e4e2173b-191b-4c22-94c4-e5a34042a9b1" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_d29fb0a7-c340-470c-a8d6-c17a3d0a6572" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_d29fb0a7-c340-470c-a8d6-c17a3d0a6572" xlink:to="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherMountainRevenueMember_c6865682-9b55-4e30-b124-eeb35c064247" xlink:href="mtn-20240731.xsd#mtn_OtherMountainRevenueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:to="loc_mtn_OtherMountainRevenueMember_c6865682-9b55-4e30-b124-eeb35c064247" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RetailRentalMember_69248a00-189a-47dc-8dc1-92a732dc5bbf" xlink:href="mtn-20240731.xsd#mtn_RetailRentalMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:to="loc_mtn_RetailRentalMember_69248a00-189a-47dc-8dc1-92a732dc5bbf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DiningMember_c3676d0e-8100-4741-8a53-8891ac478f67" xlink:href="mtn-20240731.xsd#mtn_DiningMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:to="loc_mtn_DiningMember_c3676d0e-8100-4741-8a53-8891ac478f67" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SkiSchoolMember_d9bc9ffd-9e26-4ef2-bc6d-6d2d16ac5d4e" xlink:href="mtn-20240731.xsd#mtn_SkiSchoolMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:to="loc_mtn_SkiSchoolMember_d9bc9ffd-9e26-4ef2-bc6d-6d2d16ac5d4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LiftTicketsMember_3aed727d-7e02-4bd1-8b75-0ef685bf6463" xlink:href="mtn-20240731.xsd#mtn_LiftTicketsMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_93bc77c3-4244-47cc-9c43-51fc15e3a618" xlink:to="loc_mtn_LiftTicketsMember_3aed727d-7e02-4bd1-8b75-0ef685bf6463" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis_0578867a-9a1b-4550-9fbd-156f30d102bb" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductOrServiceAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueTable_e4e2173b-191b-4c22-94c4-e5a34042a9b1" xlink:to="loc_srt_ProductOrServiceAxis_0578867a-9a1b-4550-9fbd-156f30d102bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ProductsAndServicesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductOrServiceAxis_0578867a-9a1b-4550-9fbd-156f30d102bb" xlink:to="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LiftTicketsMember_75a7df3a-b80a-4be0-8df3-3fa609d0127e" xlink:href="mtn-20240731.xsd#mtn_LiftTicketsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_LiftTicketsMember_75a7df3a-b80a-4be0-8df3-3fa609d0127e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SkiSchoolMember_788bde1a-c3d7-4307-8978-c650d200c289" xlink:href="mtn-20240731.xsd#mtn_SkiSchoolMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_SkiSchoolMember_788bde1a-c3d7-4307-8978-c650d200c289" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DiningMember_952868d9-2230-47b1-a44c-a9a1bf423204" xlink:href="mtn-20240731.xsd#mtn_DiningMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_DiningMember_952868d9-2230-47b1-a44c-a9a1bf423204" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RetailRentalMember_27bcd162-a46f-441d-9a9b-7d6399abd431" xlink:href="mtn-20240731.xsd#mtn_RetailRentalMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_RetailRentalMember_27bcd162-a46f-441d-9a9b-7d6399abd431" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherMountainRevenueMember_ea489878-81ca-4843-8636-09083e5ead2c" xlink:href="mtn-20240731.xsd#mtn_OtherMountainRevenueMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_OtherMountainRevenueMember_ea489878-81ca-4843-8636-09083e5ead2c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OwnedHotelRevenueMember_86b68464-e92c-43cc-bd6f-8fb37275dcff" xlink:href="mtn-20240731.xsd#mtn_OwnedHotelRevenueMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_OwnedHotelRevenueMember_86b68464-e92c-43cc-bd6f-8fb37275dcff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ManagedcondominiumroomsMember_29f268d5-a32a-47ba-8dc7-0504c26a872e" xlink:href="mtn-20240731.xsd#mtn_ManagedcondominiumroomsMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_ManagedcondominiumroomsMember_29f268d5-a32a-47ba-8dc7-0504c26a872e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TransportationMember_7794f467-d983-401f-80e8-4d7f67ab763d" xlink:href="mtn-20240731.xsd#mtn_TransportationMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_TransportationMember_7794f467-d983-401f-80e8-4d7f67ab763d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GolfMember_4c8b64c1-bcf8-466a-a982-2405669d4e27" xlink:href="mtn-20240731.xsd#mtn_GolfMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_GolfMember_4c8b64c1-bcf8-466a-a982-2405669d4e27" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherLodgingRevenueMember_71f581a1-65a5-461c-aa3b-8365e55a1446" xlink:href="mtn-20240731.xsd#mtn_OtherLodgingRevenueMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_OtherLodgingRevenueMember_71f581a1-65a5-461c-aa3b-8365e55a1446" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember_488b1529-137f-467f-8516-57c61dad71bd" xlink:href="mtn-20240731.xsd#mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember_488b1529-137f-467f-8516-57c61dad71bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PayrollcostreimbursementsMember_e8b8491f-f3b7-47e2-aca1-e8544fade2ce" xlink:href="mtn-20240731.xsd#mtn_PayrollcostreimbursementsMember"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_e1472e0c-de77-4117-8d66-0533ccd40dee" xlink:to="loc_mtn_PayrollcostreimbursementsMember_e8b8491f-f3b7-47e2-aca1-e8544fade2ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisaggregationOfRevenueLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueTable_e4e2173b-191b-4c22-94c4-e5a34042a9b1" xlink:to="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_b0d0035b-981f-45e7-9c3d-674aed95ae65" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_b0d0035b-981f-45e7-9c3d-674aed95ae65" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainRevenueNet_690b99ca-bbdc-401b-92f3-1dcaa5256402" xlink:href="mtn-20240731.xsd#mtn_MountainRevenueNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_mtn_MountainRevenueNet_690b99ca-bbdc-401b-92f3-1dcaa5256402" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingRevenueNet_245f1b71-d9e9-44c9-9ff6-ce9badb7643f" xlink:href="mtn-20240731.xsd#mtn_LodgingRevenueNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_mtn_LodgingRevenueNet_245f1b71-d9e9-44c9-9ff6-ce9badb7643f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortRevenueNet_bca5df77-a4d3-4bc5-8626-87a37529f85b" xlink:href="mtn-20240731.xsd#mtn_ResortRevenueNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_mtn_ResortRevenueNet_bca5df77-a4d3-4bc5-8626-87a37529f85b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateRevenue_b13e9427-87a4-4793-8c90-5526c822ac32" xlink:href="mtn-20240731.xsd#mtn_RealEstateRevenue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_mtn_RealEstateRevenue_b13e9427-87a4-4793-8c90-5526c822ac32" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_0cc134fa-7cff-4889-81d6-bdc60d684eef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_us-gaap_Revenues_0cc134fa-7cff-4889-81d6-bdc60d684eef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredRevenueCurrent_70ecb026-a375-4175-ae95-5f90023f9c71" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredRevenueCurrent"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_cdfa82ed-dde7-4c11-a58f-da09fc36de49" xlink:to="loc_us-gaap_DeferredRevenueCurrent_70ecb026-a375-4175-ae95-5f90023f9c71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/RevenuesContractBalancesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#RevenuesContractBalancesDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/RevenuesContractBalancesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ContractBalancesAbstract_c9ad49f2-73f3-454a-8053-97081f81fb72" xlink:href="mtn-20240731.xsd#mtn_ContractBalancesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractWithCustomerLiabilityCurrent_90a51f3a-319c-4f8e-bc16-1165626f1fd0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ContractWithCustomerLiabilityCurrent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_ContractBalancesAbstract_c9ad49f2-73f3-454a-8053-97081f81fb72" xlink:to="loc_us-gaap_ContractWithCustomerLiabilityCurrent_90a51f3a-319c-4f8e-bc16-1165626f1fd0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractWithCustomerLiabilityNoncurrent_6bbaa342-7cd1-4824-b885-ff226fa5822e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ContractWithCustomerLiabilityNoncurrent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_ContractBalancesAbstract_c9ad49f2-73f3-454a-8053-97081f81fb72" xlink:to="loc_us-gaap_ContractWithCustomerLiabilityNoncurrent_6bbaa342-7cd1-4824-b885-ff226fa5822e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractWithCustomerLiabilityRevenueRecognized_06b757b4-f093-4b48-b46e-a1c4f084926a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ContractWithCustomerLiabilityRevenueRecognized"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_ContractBalancesAbstract_c9ad49f2-73f3-454a-8053-97081f81fb72" xlink:to="loc_us-gaap_ContractWithCustomerLiabilityRevenueRecognized_06b757b4-f093-4b48-b46e-a1c4f084926a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod_93ff4497-6e1b-4250-b6b1-10af74e423d0" xlink:href="mtn-20240731.xsd#mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_ContractBalancesAbstract_c9ad49f2-73f3-454a-8053-97081f81fb72" xlink:to="loc_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod_93ff4497-6e1b-4250-b6b1-10af74e423d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/RevenuesCoststoObtainContractswithCustomersDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#RevenuesCoststoObtainContractswithCustomersDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/RevenuesCoststoObtainContractswithCustomersDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CoststoObtainContractswithCustomersAbstract_bf5d2f5f-1b1d-4cef-8c79-a01e4a5975ec" xlink:href="mtn-20240731.xsd#mtn_CoststoObtainContractswithCustomersAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalizedContractCostNet_5d08f0f2-beec-4c8b-84b4-1610b12e4020" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedContractCostNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_CoststoObtainContractswithCustomersAbstract_bf5d2f5f-1b1d-4cef-8c79-a01e4a5975ec" xlink:to="loc_us-gaap_CapitalizedContractCostNet_5d08f0f2-beec-4c8b-84b4-1610b12e4020" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalizedContractCostAmortization_352ba094-68bb-47cf-b499-14c3b548a06b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedContractCostAmortization"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_CoststoObtainContractswithCustomersAbstract_bf5d2f5f-1b1d-4cef-8c79-a01e4a5975ec" xlink:to="loc_us-gaap_CapitalizedContractCostAmortization_352ba094-68bb-47cf-b499-14c3b548a06b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/LeasesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#LeasesDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/LeasesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_11630822-06f3-4832-b60f-8faed47b3cad" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_11630822-06f3-4832-b60f-8faed47b3cad" xlink:to="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_6c1bccc3-aa05-4381-916f-6d6c5cbe0a8e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_6c1bccc3-aa05-4381-916f-6d6c5cbe0a8e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_6c1bccc3-aa05-4381-916f-6d6c5cbe0a8e" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsObligationMember_3021a727-9311-4f6f-aab2-9c9e24c577d9" xlink:href="mtn-20240731.xsd#mtn_CanyonsObligationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:to="loc_mtn_CanyonsObligationMember_3021a727-9311-4f6f-aab2-9c9e24c577d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerEmployeeHousingLeasesMember_9d64803d-bae0-4da1-a098-d40177a7a64e" xlink:href="mtn-20240731.xsd#mtn_WhistlerEmployeeHousingLeasesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:to="loc_mtn_WhistlerEmployeeHousingLeasesMember_9d64803d-bae0-4da1-a098-d40177a7a64e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarResortFinanceLeasesMember_1793f40a-77dc-46d2-8a5f-ceb9ad9e61d6" xlink:href="mtn-20240731.xsd#mtn_NorthstarResortFinanceLeasesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:to="loc_mtn_NorthstarResortFinanceLeasesMember_1793f40a-77dc-46d2-8a5f-ceb9ad9e61d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarMember_ff0ac255-18d4-4932-b7ff-e155b1f9ef73" xlink:href="mtn-20240731.xsd#mtn_NorthstarMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_65aa9efc-f9af-4a73-9b64-92b856479f4c" xlink:to="loc_mtn_NorthstarMember_ff0ac255-18d4-4932-b7ff-e155b1f9ef73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_bddb35f4-bb7c-4a6b-a0ce-a5702f7c2477" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:to="loc_srt_RangeAxis_bddb35f4-bb7c-4a6b-a0ce-a5702f7c2477" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_3aa1f904-73f7-4010-b9bc-d95575f4fddc" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_bddb35f4-bb7c-4a6b-a0ce-a5702f7c2477" xlink:to="loc_srt_RangeMember_3aa1f904-73f7-4010-b9bc-d95575f4fddc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_c8f3ed0f-a714-45af-889f-3e97ca2f99bc" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_3aa1f904-73f7-4010-b9bc-d95575f4fddc" xlink:to="loc_srt_MinimumMember_c8f3ed0f-a714-45af-889f-3e97ca2f99bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_2d73d225-bc43-4dfb-b1fe-ee0c2cddb34c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_3aa1f904-73f7-4010-b9bc-d95575f4fddc" xlink:to="loc_srt_MaximumMember_2d73d225-bc43-4dfb-b1fe-ee0c2cddb34c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_325f370b-87fe-4da5-b93d-5ecac11926ee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_325f370b-87fe-4da5-b93d-5ecac11926ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_8cf16901-90b0-441a-bb99-6aedabc5071c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetLocationAxis_325f370b-87fe-4da5-b93d-5ecac11926ee" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_8cf16901-90b0-441a-bb99-6aedabc5071c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_fb4298a3-40a9-4d64-a039-8540c10dd968" xlink:to="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_9001303c-e844-488b-9325-56878acab090" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_9001303c-e844-488b-9325-56878acab090" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_76b0a2d6-3277-4cb1-aa43-36d6e979600c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_76b0a2d6-3277-4cb1-aa43-36d6e979600c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeasePayments_a6bb4cca-9761-4ae0-83a1-12d088f69756" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeasePayments"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeasePayments_a6bb4cca-9761-4ae0-83a1-12d088f69756" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetAmortization_62e1fd05-5f80-4603-ab86-310c6aa28677" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetAmortization"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAssetAmortization_62e1fd05-5f80-4603-ab86-310c6aa28677" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseInterestExpense_24752602-8809-4044-bfd6-0b8ddc2f6c14" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseInterestExpense"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseInterestExpense_24752602-8809-4044-bfd6-0b8ddc2f6c14" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseCost_0898b6cf-4954-40eb-933c-3b77b2628374" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseCost"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeaseCost_0898b6cf-4954-40eb-933c-3b77b2628374" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermLeaseCost_8f5e961f-9812-44f2-b5d0-edf957c8d383" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShortTermLeaseCost"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_ShortTermLeaseCost_8f5e961f-9812-44f2-b5d0-edf957c8d383" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableLeaseCost_cb437c3c-9b30-41a6-93e8-ed690e73e543" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_VariableLeaseCost"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_VariableLeaseCost_cb437c3c-9b30-41a6-93e8-ed690e73e543" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCashOutflowsforFinanceLeases_d8ae2ead-4d15-48f1-b9ef-e4ae7781c5ea" xlink:href="mtn-20240731.xsd#mtn_OperatingCashOutflowsforFinanceLeases"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_mtn_OperatingCashOutflowsforFinanceLeases_d8ae2ead-4d15-48f1-b9ef-e4ae7781c5ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_336d238a-2090-4720-9b26-7f46490e4649" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_336d238a-2090-4720-9b26-7f46490e4649" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_09ed38a9-7f82-4979-94f6-6a399f6f8b79" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_09ed38a9-7f82-4979-94f6-6a399f6f8b79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_acbee776-e564-4edb-8d52-fae27481fede" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_acbee776-e564-4edb-8d52-fae27481fede" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_9ca63479-3394-4e01-8760-eaefa8d4d6d6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_9ca63479-3394-4e01-8760-eaefa8d4d6d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour_4b03bf0f-8d03-4148-a26d-c6ece9c9ebf4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour_4b03bf0f-8d03-4148-a26d-c6ece9c9ebf4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_3d0100ba-e9d6-48d0-893a-e28daf81d0e6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_3d0100ba-e9d6-48d0-893a-e28daf81d0e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive_7817d75b-6a76-4fb3-a886-5791cf6e3c6f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive_7817d75b-6a76-4fb3-a886-5791cf6e3c6f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_2e44916f-53db-4848-bf82-9738b813b26f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_2e44916f-53db-4848-bf82-9738b813b26f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive_25c8aa28-83e0-4622-b954-3ceaabaa3e4c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive_25c8aa28-83e0-4622-b954-3ceaabaa3e4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_6647240a-ca8a-4586-9e9e-43355439ce15" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_6647240a-ca8a-4586-9e9e-43355439ce15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_80caae18-ca16-43cd-bbb2-c20efce8ece7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_80caae18-ca16-43cd-bbb2-c20efce8ece7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDue_5a309d1b-01d3-4a65-94a1-4e4820ce2913" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDue"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDue_5a309d1b-01d3-4a65-94a1-4e4820ce2913" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_d1e46895-acaa-40c3-b8a4-1fed5f12dd20" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_d1e46895-acaa-40c3-b8a4-1fed5f12dd20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_30b949d6-cac8-462f-baff-52b30e27664b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount_30b949d6-cac8-462f-baff-52b30e27664b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_ac631803-a01c-4635-ab66-b6e1db5f1587" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeaseLiability_ac631803-a01c-4635-ab66-b6e1db5f1587" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiability_bb190bd5-7a4d-4b4f-a81a-fa507d2ef9ef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiability"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiability_bb190bd5-7a4d-4b4f-a81a-fa507d2ef9ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_76a69b45-1511-4be1-a918-844d1febd362" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_LongTermDebt_76a69b45-1511-4be1-a918-844d1febd362" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAsset_f187a4e9-6e65-416b-be61-ed9c85df7f6a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAsset"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAsset_f187a4e9-6e65-416b-be61-ed9c85df7f6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization_1c264d9a-b45c-4e6d-9d1e-22b69d1b71d6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization"/>
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization_1c264d9a-b45c-4e6d-9d1e-22b69d1b71d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LesseeOperatingAndFinanceLeaseTerm_bd19f443-908e-43f6-bc51-135b09223f22" xlink:href="mtn-20240731.xsd#mtn_LesseeOperatingAndFinanceLeaseTerm"/>
    <link:presentationArc order="29" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_mtn_LesseeOperatingAndFinanceLeaseTerm_bd19f443-908e-43f6-bc51-135b09223f22" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_07f60196-a81a-4888-bc62-24876d11c732" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability"/>
    <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_07f60196-a81a-4888-bc62-24876d11c732" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability_e31c3d2d-b760-4837-a6fa-8ce0f4147c41" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability"/>
    <link:presentationArc order="31" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability_e31c3d2d-b760-4837-a6fa-8ce0f4147c41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_4dba03db-1b5c-4f57-831f-d76746b22d5c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1"/>
    <link:presentationArc order="32" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_4dba03db-1b5c-4f57-831f-d76746b22d5c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_d9d423f8-8578-4778-a02b-2e8a49052e22" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1"/>
    <link:presentationArc order="33" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_d9d423f8-8578-4778-a02b-2e8a49052e22" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo_abae4dc7-5e01-4076-980f-ff24afbea593" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo"/>
    <link:presentationArc order="34" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo_abae4dc7-5e01-4076-980f-ff24afbea593" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree_7d7d9321-e4e7-40b9-a9f8-c896de4ac565" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree"/>
    <link:presentationArc order="35" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree_7d7d9321-e4e7-40b9-a9f8-c896de4ac565" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CurrentOperatingLeaseLiability_ba02b67f-1237-487b-98f5-fbb516fac75a" xlink:href="mtn-20240731.xsd#mtn_CurrentOperatingLeaseLiability"/>
    <link:presentationArc order="36" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_mtn_CurrentOperatingLeaseLiability_ba02b67f-1237-487b-98f5-fbb516fac75a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList_ea1135b1-1b45-4661-846d-888d5c0c6101" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList"/>
    <link:presentationArc order="37" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList_ea1135b1-1b45-4661-846d-888d5c0c6101" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_29f485d6-6592-4071-a4ad-82dece8c1522" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList"/>
    <link:presentationArc order="38" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_29f485d6-6592-4071-a4ad-82dece8c1522" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_bf18420f-24ab-467f-a97d-b7d0b8d3c697" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:presentationArc order="39" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_f774559f-68ba-4586-b2a0-241294740e2f" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_bf18420f-24ab-467f-a97d-b7d0b8d3c697" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeasesTextBlock_21178e81-6646-4d94-9355-236032b89e16" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LesseeOperatingLeasesTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_11630822-06f3-4832-b60f-8faed47b3cad" xlink:to="loc_us-gaap_LesseeOperatingLeasesTextBlock_21178e81-6646-4d94-9355-236032b89e16" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/NetIncomePerCommonShareDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#NetIncomePerCommonShareDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/NetIncomePerCommonShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareReconciliationAbstract_5e3e6304-ddf5-447b-983b-c0dd2c1763ba" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareReconciliationAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareReconciliationAbstract_5e3e6304-ddf5-447b-983b-c0dd2c1763ba" xlink:to="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_2b06a469-a1ba-4e89-9795-8145f7c24082" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_2b06a469-a1ba-4e89-9795-8145f7c24082" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6d697f04-de01-4a90-9790-1753fc712f39" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_2b06a469-a1ba-4e89-9795-8145f7c24082" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6d697f04-de01-4a90-9790-1753fc712f39" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_b088e845-1e7b-420c-bf5d-6d7e70ad9af1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_b088e845-1e7b-420c-bf5d-6d7e70ad9af1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_c941bab9-0a67-4acf-bee9-90223d2ca904" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_b088e845-1e7b-420c-bf5d-6d7e70ad9af1" xlink:to="loc_us-gaap_EquityComponentDomain_c941bab9-0a67-4acf-bee9-90223d2ca904" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_6fb3791d-2af6-4bb0-8b3e-10fc92741886" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_c941bab9-0a67-4acf-bee9-90223d2ca904" xlink:to="loc_us-gaap_CommonStockMember_6fb3791d-2af6-4bb0-8b3e-10fc92741886" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_bdd11893-29e5-4d7f-9f19-898d49d0d58c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_srt_StatementScenarioAxis_bdd11893-29e5-4d7f-9f19-898d49d0d58c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_77ab88c9-a14d-494e-bf04-ee2246faa767" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_bdd11893-29e5-4d7f-9f19-898d49d0d58c" xlink:to="loc_srt_ScenarioUnspecifiedDomain_77ab88c9-a14d-494e-bf04-ee2246faa767" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_d199b66c-3850-4e40-8d1c-21acffad0945" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScenarioUnspecifiedDomain_77ab88c9-a14d-494e-bf04-ee2246faa767" xlink:to="loc_srt_ScenarioForecastMember_d199b66c-3850-4e40-8d1c-21acffad0945" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_85440cb9-1362-4ca2-9320-3db02d5deaeb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_us-gaap_DebtInstrumentAxis_85440cb9-1362-4ca2-9320-3db02d5deaeb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_e818f9a5-4549-4f8e-b6f8-3dc48a5d9b3c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_85440cb9-1362-4ca2-9320-3db02d5deaeb" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_e818f9a5-4549-4f8e-b6f8-3dc48a5d9b3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember_c28ab872-1138-4fb8-b2bc-5479aa55f6d9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_e818f9a5-4549-4f8e-b6f8-3dc48a5d9b3c" xlink:to="loc_us-gaap_ConvertibleDebtMember_c28ab872-1138-4fb8-b2bc-5479aa55f6d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsAxis_4d4d59ec-7509-4686-8f95-ddc783795e50" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_us-gaap_DividendsAxis_4d4d59ec-7509-4686-8f95-ddc783795e50" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsDomain_75de7003-03a4-423d-b259-c866987a4d99" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsAxis_4d4d59ec-7509-4686-8f95-ddc783795e50" xlink:to="loc_us-gaap_DividendsDomain_75de7003-03a4-423d-b259-c866987a4d99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendDeclaredMember_452ec385-5797-41d8-946f-02bfff54d4d8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendDeclaredMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsDomain_75de7003-03a4-423d-b259-c866987a4d99" xlink:to="loc_us-gaap_DividendDeclaredMember_452ec385-5797-41d8-946f-02bfff54d4d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_77374f1c-1d07-4c00-ab55-b21c41ed2d8a" xlink:to="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_d2eaa346-852c-43bc-a98b-11d5d8d36295" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_d2eaa346-852c-43bc-a98b-11d5d8d36295" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_dc641035-6a65-4382-9362-d4de00a12ba5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_NetIncomeLoss_dc641035-6a65-4382-9362-d4de00a12ba5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WeightedAverageNumberofSharesOutstandingCommon_35de1075-dfd7-4b40-8bb6-b84edc211eeb" xlink:href="mtn-20240731.xsd#mtn_WeightedAverageNumberofSharesOutstandingCommon"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_mtn_WeightedAverageNumberofSharesOutstandingCommon_35de1075-dfd7-4b40-8bb6-b84edc211eeb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WeightedAverageNumberofSharesOutstandingExchangeable_77bef25b-33c5-4db8-8d4c-fa0d9918d73c" xlink:href="mtn-20240731.xsd#mtn_WeightedAverageNumberofSharesOutstandingExchangeable"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_mtn_WeightedAverageNumberofSharesOutstandingExchangeable_77bef25b-33c5-4db8-8d4c-fa0d9918d73c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_996e8a9b-cc43-4659-9cd8-578b3b33bba8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_996e8a9b-cc43-4659-9cd8-578b3b33bba8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_b9c5ced3-0194-4a8e-917f-8c86a536664f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_b9c5ced3-0194-4a8e-917f-8c86a536664f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_e178c816-a460-4570-b4f6-40956cae55b3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_e178c816-a460-4570-b4f6-40956cae55b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_1df894fa-e1b9-493b-a3f2-80481c4866c4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_EarningsPerShareBasic_1df894fa-e1b9-493b-a3f2-80481c4866c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_b52675e6-cd58-4181-b746-a77a6b8c2e49" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_EarningsPerShareDiluted_b52675e6-cd58-4181-b746-a77a6b8c2e49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9938fcd4-e910-4b92-822d-271e7f031989" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_9938fcd4-e910-4b92-822d-271e7f031989" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareCashPaid_bbceeb9a-57b5-45b0-bc74-51b427fbfc64" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockDividendsPerShareCashPaid"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_CommonStockDividendsPerShareCashPaid_bbceeb9a-57b5-45b0-bc74-51b427fbfc64" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_a238a66d-0eaf-45e8-8e72-af2a68e630ba" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_a238a66d-0eaf-45e8-8e72-af2a68e630ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividends_3e687455-1381-4ec6-93e4-1d2cf33fabd1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsOfDividends"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_PaymentsOfDividends_3e687455-1381-4ec6-93e4-1d2cf33fabd1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_9a78a321-6133-40d0-b754-79a80d5fe7cb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_9a78a321-6133-40d0-b754-79a80d5fe7cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_8625f692-6665-4abb-8dea-ba4fd89a41ff" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_8625f692-6665-4abb-8dea-ba4fd89a41ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_ab2d4651-59ad-4725-a801-d91c3db1625f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_ab2d4651-59ad-4725-a801-d91c3db1625f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_b088aa96-e7f3-494d-a8a7-7d68e240292d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_b088aa96-e7f3-494d-a8a7-7d68e240292d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_80cb14a5-4ad6-4660-8477-cf619ca4209f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_80cb14a5-4ad6-4660-8477-cf619ca4209f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_0fe186bc-1864-4465-8c32-a0745494917e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_0fe186bc-1864-4465-8c32-a0745494917e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendPayableDateToBePaidDayMonthAndYear_94de3cd2-2173-4d63-b25b-e4d936206c65" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendPayableDateToBePaidDayMonthAndYear"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_DividendPayableDateToBePaidDayMonthAndYear_94de3cd2-2173-4d63-b25b-e4d936206c65" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_bda3665d-e23d-4818-aed4-1560cd43fb76" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DividendsPayableDateOfRecordDayMonthAndYear"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_befdc93f-ecba-4f3b-bc0f-e76c50f2a68d" xlink:to="loc_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_bda3665d-e23d-4818-aed4-1560cd43fb76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#LongTermDebtScheduleOfDebtInstrumentsDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_c492db7c-7772-4a1c-87b8-9facf18db6ee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtOtherDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_c492db7c-7772-4a1c-87b8-9facf18db6ee" xlink:to="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseAxis_7be96ac0-83a7-4735-897d-76611b9f6d37" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_mtn_UnrecognizedCompensationExpenseAxis_7be96ac0-83a7-4735-897d-76611b9f6d37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseDomain_c0e68886-e3b7-4922-b82e-e7e0cb0dfd65" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_UnrecognizedCompensationExpenseAxis_7be96ac0-83a7-4735-897d-76611b9f6d37" xlink:to="loc_mtn_UnrecognizedCompensationExpenseDomain_c0e68886-e3b7-4922-b82e-e7e0cb0dfd65" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ExpectedToBeRecognizedInOneYearMember_7663c0f2-0576-4cf2-9036-1e6952e45d62" xlink:href="mtn-20240731.xsd#mtn_ExpectedToBeRecognizedInOneYearMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_UnrecognizedCompensationExpenseDomain_c0e68886-e3b7-4922-b82e-e7e0cb0dfd65" xlink:to="loc_mtn_ExpectedToBeRecognizedInOneYearMember_7663c0f2-0576-4cf2-9036-1e6952e45d62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis_747b6c87-a91f-4e95-acfe-0825c516a7a7" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CurrencyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_srt_CurrencyAxis_747b6c87-a91f-4e95-acfe-0825c516a7a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_252d3ed3-e3a7-458f-97a9-18231e49615b" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_CurrencyAxis_747b6c87-a91f-4e95-acfe-0825c516a7a7" xlink:to="loc_currency_AllCurrenciesDomain_252d3ed3-e3a7-458f-97a9-18231e49615b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_5943b32e-71e3-44a8-a4e9-15e2b4abeef5" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_srt_StatementScenarioAxis_5943b32e-71e3-44a8-a4e9-15e2b4abeef5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_3b9994c1-0647-452e-ba0b-03a21476c6c6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_5943b32e-71e3-44a8-a4e9-15e2b4abeef5" xlink:to="loc_srt_ScenarioUnspecifiedDomain_3b9994c1-0647-452e-ba0b-03a21476c6c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_b220e601-3f04-4372-b0b4-452f7532f598" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScenarioUnspecifiedDomain_3b9994c1-0647-452e-ba0b-03a21476c6c6" xlink:to="loc_srt_ScenarioForecastMember_b220e601-3f04-4372-b0b4-452f7532f598" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_6348cbbf-02a4-4cb7-a62c-f69b54f4dbac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_6348cbbf-02a4-4cb7-a62c-f69b54f4dbac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_75942d94-72a7-4abe-9d9f-5bced4542237" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_6348cbbf-02a4-4cb7-a62c-f69b54f4dbac" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_75942d94-72a7-4abe-9d9f-5bced4542237" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsMember_44df660a-9713-4999-9ef6-2b80bfee8f21" xlink:href="mtn-20240731.xsd#mtn_CanyonsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_75942d94-72a7-4abe-9d9f-5bced4542237" xlink:to="loc_mtn_CanyonsMember_44df660a-9713-4999-9ef6-2b80bfee8f21" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerEmployeeHousingLeasesMember_c77b0ab6-0380-4c8b-8a89-e6fbf3bc9c6d" xlink:href="mtn-20240731.xsd#mtn_WhistlerEmployeeHousingLeasesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_75942d94-72a7-4abe-9d9f-5bced4542237" xlink:to="loc_mtn_WhistlerEmployeeHousingLeasesMember_c77b0ab6-0380-4c8b-8a89-e6fbf3bc9c6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarResortFinanceLeasesMember_70662197-d893-4492-98a4-072da5add141" xlink:href="mtn-20240731.xsd#mtn_NorthstarResortFinanceLeasesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_75942d94-72a7-4abe-9d9f-5bced4542237" xlink:to="loc_mtn_NorthstarResortFinanceLeasesMember_70662197-d893-4492-98a4-072da5add141" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_3bb444df-e7d1-4ba1-a15b-5a47d1743791" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_srt_RangeAxis_3bb444df-e7d1-4ba1-a15b-5a47d1743791" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_6e58eb24-bd60-4d87-878b-1e50bb55097d" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_3bb444df-e7d1-4ba1-a15b-5a47d1743791" xlink:to="loc_srt_RangeMember_6e58eb24-bd60-4d87-878b-1e50bb55097d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_380cb09d-7a5c-4f34-81d5-1a708e691ac1" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_6e58eb24-bd60-4d87-878b-1e50bb55097d" xlink:to="loc_srt_MaximumMember_380cb09d-7a5c-4f34-81d5-1a708e691ac1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_64beed30-e658-47f3-9fd4-3cba3a24b7c1" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_6e58eb24-bd60-4d87-878b-1e50bb55097d" xlink:to="loc_srt_MinimumMember_64beed30-e658-47f3-9fd4-3cba3a24b7c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentByTrancheAxis_31df94ea-3e04-4727-bf42-d0c2c224eb4e" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentByTrancheAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_mtn_DebtInstrumentByTrancheAxis_31df94ea-3e04-4727-bf42-d0c2c224eb4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TrancheOfDebtDomain_ef112a02-f995-4380-9e2a-8350efab5b0a" xlink:href="mtn-20240731.xsd#mtn_TrancheOfDebtDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_DebtInstrumentByTrancheAxis_31df94ea-3e04-4727-bf42-d0c2c224eb4e" xlink:to="loc_mtn_TrancheOfDebtDomain_ef112a02-f995-4380-9e2a-8350efab5b0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TrancheaMember_6574f000-35f3-47e5-a251-47ce03fb8f49" xlink:href="mtn-20240731.xsd#mtn_TrancheaMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_TrancheOfDebtDomain_ef112a02-f995-4380-9e2a-8350efab5b0a" xlink:to="loc_mtn_TrancheaMember_6574f000-35f3-47e5-a251-47ce03fb8f49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TrancheBMember_7c678913-fa21-4cf9-a523-2c4631459e63" xlink:href="mtn-20240731.xsd#mtn_TrancheBMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_TrancheOfDebtDomain_ef112a02-f995-4380-9e2a-8350efab5b0a" xlink:to="loc_mtn_TrancheBMember_7c678913-fa21-4cf9-a523-2c4631459e63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_8a677be6-f1a6-4b91-aab8-e076293289a1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_us-gaap_DebtInstrumentAxis_8a677be6-f1a6-4b91-aab8-e076293289a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_8a677be6-f1a6-4b91-aab8-e076293289a1" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HunterMountainSecuredNoteMember_9f1c4336-2421-4880-a860-d0a62b8701d1" xlink:href="mtn-20240731.xsd#mtn_HunterMountainSecuredNoteMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_HunterMountainSecuredNoteMember_9f1c4336-2421-4880-a860-d0a62b8701d1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountSnowSecuredNoteMember_f4b76064-43f3-4054-9a4d-ee8d07a9b1fd" xlink:href="mtn-20240731.xsd#mtn_MountSnowSecuredNoteMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_MountSnowSecuredNoteMember_f4b76064-43f3-4054-9a4d-ee8d07a9b1fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A6.25NotesMember_78d0e0f2-c7fb-4568-9fc2-883cc8a0aff4" xlink:href="mtn-20240731.xsd#mtn_A6.25NotesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_A6.25NotesMember_78d0e0f2-c7fb-4568-9fc2-883cc8a0aff4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EPRSecuredNotesMember_d408f954-301f-44da-a768-e4e2bf10363e" xlink:href="mtn-20240731.xsd#mtn_EPRSecuredNotesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_EPRSecuredNotesMember_d408f954-301f-44da-a768-e4e2bf10363e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BreckenridgeTerraceMember_56f29867-3de6-4404-9774-ce23f304f45e" xlink:href="mtn-20240731.xsd#mtn_BreckenridgeTerraceMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_BreckenridgeTerraceMember_56f29867-3de6-4404-9774-ce23f304f45e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TarnesMember_a55bc2dc-6a1e-43cd-8901-e8d152c0c6f3" xlink:href="mtn-20240731.xsd#mtn_TarnesMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_TarnesMember_a55bc2dc-6a1e-43cd-8901-e8d152c0c6f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BcHousingMember_173a3a5f-d369-4373-a8a5-ca293be515b9" xlink:href="mtn-20240731.xsd#mtn_BcHousingMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_BcHousingMember_173a3a5f-d369-4373-a8a5-ca293be515b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TenderfootMember_808789f7-514f-4437-95f4-87069abcdce5" xlink:href="mtn-20240731.xsd#mtn_TenderfootMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_TenderfootMember_808789f7-514f-4437-95f4-87069abcdce5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleNotesPayableMember_9e81f504-e888-4ecc-8af3-74cb6c41b3ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleNotesPayableMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_us-gaap_ConvertibleNotesPayableMember_9e81f504-e888-4ecc-8af3-74cb6c41b3ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_684ad187-538d-4501-9d6d-08d35fe491c3" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_AndermattSedrunMember_684ad187-538d-4501-9d6d-08d35fe491c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerEmployeeHousingLeasesMember_26ba0cbc-3609-4156-a4cc-e6e261e715c3" xlink:href="mtn-20240731.xsd#mtn_WhistlerEmployeeHousingLeasesMember"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_WhistlerEmployeeHousingLeasesMember_26ba0cbc-3609-4156-a4cc-e6e261e715c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A6.50NotesMember_77d5ab5e-ef2f-4797-aecb-73da55d09916" xlink:href="mtn-20240731.xsd#mtn_A6.50NotesMember"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_2ac8751c-aeda-4be5-933b-692bd08985e6" xlink:to="loc_mtn_A6.50NotesMember_77d5ab5e-ef2f-4797-aecb-73da55d09916" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_0758318d-e8d3-4a0c-9c4e-e1d1e17ef999" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_0758318d-e8d3-4a0c-9c4e-e1d1e17ef999" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_0758318d-e8d3-4a0c-9c4e-e1d1e17ef999" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_5a9a0f0a-c90b-47a0-bc9e-53773280af3b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_us-gaap_LineOfCreditMember_5a9a0f0a-c90b-47a0-bc9e-53773280af3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerCreditAgreementrevolverMember_2f6ed3c7-72b2-47ca-9d2b-27b188f8546d" xlink:href="mtn-20240731.xsd#mtn_WhistlerCreditAgreementrevolverMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_WhistlerCreditAgreementrevolverMember_2f6ed3c7-72b2-47ca-9d2b-27b188f8546d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EPRSecuredNotesMember_a26c7166-5808-4f38-8a94-931ef680da58" xlink:href="mtn-20240731.xsd#mtn_EPRSecuredNotesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_EPRSecuredNotesMember_a26c7166-5808-4f38-8a94-931ef680da58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_TermLoanMember_620f0ceb-262e-47cc-8220-8623298b69d0" xlink:href="mtn-20240731.xsd#mtn_TermLoanMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_TermLoanMember_620f0ceb-262e-47cc-8220-8623298b69d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EmployeeHousingBondsMember_3ede1fde-dc81-4887-b234-a51240d7c7c8" xlink:href="mtn-20240731.xsd#mtn_EmployeeHousingBondsMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_EmployeeHousingBondsMember_3ede1fde-dc81-4887-b234-a51240d7c7c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsObligationMember_d6f6972b-7bef-4045-8f38-d6fe1ad1351b" xlink:href="mtn-20240731.xsd#mtn_CanyonsObligationMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_CanyonsObligationMember_d6f6972b-7bef-4045-8f38-d6fe1ad1351b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherDebtMember_dbe7aa64-aae1-4ad7-b3e0-e50e04cdbb62" xlink:href="mtn-20240731.xsd#mtn_OtherDebtMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_OtherDebtMember_dbe7aa64-aae1-4ad7-b3e0-e50e04cdbb62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AlpineValleySecuredNoteMember_8f16b3d8-4560-4d69-bfab-a7bbc9901ac9" xlink:href="mtn-20240731.xsd#mtn_AlpineValleySecuredNoteMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_AlpineValleySecuredNoteMember_8f16b3d8-4560-4d69-bfab-a7bbc9901ac9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BostonMillsBrandywineSecuredNoteMember_28382d02-6cb0-46c1-a08d-ef04d10a3090" xlink:href="mtn-20240731.xsd#mtn_BostonMillsBrandywineSecuredNoteMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_BostonMillsBrandywineSecuredNoteMember_28382d02-6cb0-46c1-a08d-ef04d10a3090" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_JackFrostBigBoulderSecuredNoteMember_533f2be4-a58f-43cd-97c7-22c9a7b4479d" xlink:href="mtn-20240731.xsd#mtn_JackFrostBigBoulderSecuredNoteMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_JackFrostBigBoulderSecuredNoteMember_533f2be4-a58f-43cd-97c7-22c9a7b4479d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountSnowSecuredNoteMember_d41102c4-8e64-4164-ab67-077d6366c29f" xlink:href="mtn-20240731.xsd#mtn_MountSnowSecuredNoteMember"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_MountSnowSecuredNoteMember_d41102c4-8e64-4164-ab67-077d6366c29f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HunterMountainSecuredNoteMember_85cb9685-a277-4820-b106-492eccea2c6e" xlink:href="mtn-20240731.xsd#mtn_HunterMountainSecuredNoteMember"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_HunterMountainSecuredNoteMember_85cb9685-a277-4820-b106-492eccea2c6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtMember_812a888f-1a45-4dd7-812a-78ef8dbc10ad" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConvertibleDebtMember"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_us-gaap_ConvertibleDebtMember_812a888f-1a45-4dd7-812a-78ef8dbc10ad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_332c3c6b-5834-4acb-8e8a-7bfd9fb8f230" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_AndermattSedrunMember_332c3c6b-5834-4acb-8e8a-7bfd9fb8f230" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WhistlerEmployeeHousingLeasesMember_c93f6fa4-649e-487d-9dcb-2348af0824f2" xlink:href="mtn-20240731.xsd#mtn_WhistlerEmployeeHousingLeasesMember"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_WhistlerEmployeeHousingLeasesMember_c93f6fa4-649e-487d-9dcb-2348af0824f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_A6.50NotesMember_3fa7ad99-be0a-48b2-b6c6-431c70c690fb" xlink:href="mtn-20240731.xsd#mtn_A6.50NotesMember"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_87811e21-e6bc-47aa-9241-7bafdd80590e" xlink:to="loc_mtn_A6.50NotesMember_3fa7ad99-be0a-48b2-b6c6-431c70c690fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_2915c3be-f189-4e05-aa84-33b6b7f792ca" xlink:to="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_4a0849de-aadb-47cc-877b-50cf2cd0a29c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_4a0849de-aadb-47cc-877b-50cf2cd0a29c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityInitiationDate1_eae05127-0525-4d67-88f4-26706e6c8124" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityInitiationDate1"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LineOfCreditFacilityInitiationDate1_eae05127-0525-4d67-88f4-26706e6c8124" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCredit_ac551aeb-3623-4e59-a7fb-4e9d69bae159" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCredit"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LineOfCredit_ac551aeb-3623-4e59-a7fb-4e9d69bae159" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentPeriodicPayment_170b1c37-2d8a-4797-93e6-3d271f2e758d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentPeriodicPayment"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentPeriodicPayment_170b1c37-2d8a-4797-93e6-3d271f2e758d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_bc2a888a-47d3-4221-b6a7-ec3ed37f342e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_bc2a888a-47d3-4221-b6a7-ec3ed37f342e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AnnualInterestRateIncreaseCap_d9074d9e-786f-4b5a-a2cd-55e3976e9a51" xlink:href="mtn-20240731.xsd#mtn_AnnualInterestRateIncreaseCap"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_AnnualInterestRateIncreaseCap_d9074d9e-786f-4b5a-a2cd-55e3976e9a51" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EPRAdditionalInterestRate_f4a9797b-65c8-4c37-ba44-47e2cb28879d" xlink:href="mtn-20240731.xsd#mtn_EPRAdditionalInterestRate"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_EPRAdditionalInterestRate_f4a9797b-65c8-4c37-ba44-47e2cb28879d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_da41b16c-cab7-4bde-bdc8-0940e385cdd5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_da41b16c-cab7-4bde-bdc8-0940e385cdd5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_609a6cdf-ca52-4d9e-9d58-d5776d38c817" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_609a6cdf-ca52-4d9e-9d58-d5776d38c817" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee_b99eaedf-5b42-4953-92b8-ccad6024d85c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentUnusedBorrowingCapacityFee"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee_b99eaedf-5b42-4953-92b8-ccad6024d85c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InterestRateSwapNotionalAmount_297a8cc1-a1c8-4530-8939-5e7ba0903411" xlink:href="mtn-20240731.xsd#mtn_InterestRateSwapNotionalAmount"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_InterestRateSwapNotionalAmount_297a8cc1-a1c8-4530-8939-5e7ba0903411" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_be92133f-c971-48be-97a0-f008486bba0d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebt_be92133f-c971-48be-97a0-f008486bba0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_df2070e2-602d-46b3-a884-03ca5efb427f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_df2070e2-602d-46b3-a884-03ca5efb427f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtCurrent_a16e2441-f847-443d-ac31-e4a7097d07c9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtCurrent"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtCurrent_a16e2441-f847-443d-ac31-e4a7097d07c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtNoncurrent_f980902a-6119-4ce3-b712-068018ec31e4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtNoncurrent"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtNoncurrent_f980902a-6119-4ce3-b712-068018ec31e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseDebt_a89ca9e0-19b9-4c74-afe9-2ddfba4318cf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpenseDebt"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_InterestExpenseDebt_a89ca9e0-19b9-4c74-afe9-2ddfba4318cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentYearofMaturity_6e95a69f-ed34-47ee-b312-468d89c1eb31" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentYearofMaturity"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_DebtInstrumentYearofMaturity_6e95a69f-ed34-47ee-b312-468d89c1eb31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_f9328598-aa1c-4231-9b4b-69ad94c323fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_f9328598-aa1c-4231-9b4b-69ad94c323fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_561c0254-0356-42a3-82e9-0a2f5564a7e4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_561c0254-0356-42a3-82e9-0a2f5564a7e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateDuringPeriod_da21e374-70fb-4377-a6a8-d4261c719703" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateDuringPeriod"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentInterestRateDuringPeriod_da21e374-70fb-4377-a6a8-d4261c719703" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_15dca8e0-25fb-432e-9b73-ecd6a2d151bb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_15dca8e0-25fb-432e-9b73-ecd6a2d151bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InitialCapitalLeaseTerm_801e1631-3a79-48c4-909d-0cee501edc53" xlink:href="mtn-20240731.xsd#mtn_InitialCapitalLeaseTerm"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_InitialCapitalLeaseTerm_801e1631-3a79-48c4-909d-0cee501edc53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OptionalLeaseRenewalTerm_a0e1109f-6783-4503-95fb-2bfd351316e9" xlink:href="mtn-20240731.xsd#mtn_OptionalLeaseRenewalTerm"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_OptionalLeaseRenewalTerm_a0e1109f-6783-4503-95fb-2bfd351316e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MinimumCapitalLeasePaymentAnnual_d9379623-2890-429f-9f91-fe7ac4fa18a7" xlink:href="mtn-20240731.xsd#mtn_MinimumCapitalLeasePaymentAnnual"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_MinimumCapitalLeasePaymentAnnual_d9379623-2890-429f-9f91-fe7ac4fa18a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AdjustmentsToCapitalLeaseAnnualPayments_ebc71b8a-038f-46af-8ca4-6bb35ddb2116" xlink:href="mtn-20240731.xsd#mtn_AdjustmentsToCapitalLeaseAnnualPayments"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_AdjustmentsToCapitalLeaseAnnualPayments_ebc71b8a-038f-46af-8ca4-6bb35ddb2116" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_a2bc2fad-f8c4-4a27-af1f-6c44dacae072" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_a2bc2fad-f8c4-4a27-af1f-6c44dacae072" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_ef710589-727f-40c3-97c4-2c743655b8fe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_ef710589-727f-40c3-97c4-2c743655b8fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntercompanyForeignCurrencyBalanceAmount_3d0588f0-5075-45ae-8713-14d1fa402545" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntercompanyForeignCurrencyBalanceAmount"/>
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_IntercompanyForeignCurrencyBalanceAmount_3d0588f0-5075-45ae-8713-14d1fa402545" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_ba746c88-ae1b-4bae-aadc-15196485a06c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:presentationArc order="29" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_ba746c88-ae1b-4bae-aadc-15196485a06c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_5a485fe6-a603-4a25-9a6e-6c8bbdb4768c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_5a485fe6-a603-4a25-9a6e-6c8bbdb4768c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_5ff37747-0652-4b5d-8370-196235bea57a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:presentationArc order="31" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_5ff37747-0652-4b5d-8370-196235bea57a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_e93afa73-89a4-4298-9a27-64b2610413c0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:presentationArc order="32" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_e93afa73-89a4-4298-9a27-64b2610413c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_996904c5-3265-4494-a755-3a671cabe346" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:presentationArc order="33" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_996904c5-3265-4494-a755-3a671cabe346" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_a013fb9d-6292-4762-8c64-60804ee3bef3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
    <link:presentationArc order="34" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_a013fb9d-6292-4762-8c64-60804ee3bef3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_3e8c02b5-f186-4bab-872f-4ee2c3513f0a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive"/>
    <link:presentationArc order="35" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_3e8c02b5-f186-4bab-872f-4ee2c3513f0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_398844f9-d73a-4ae1-926d-a3276cee0d71" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1"/>
    <link:presentationArc order="36" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_398844f9-d73a-4ae1-926d-a3276cee0d71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger_a50e4292-d8d9-42fc-8fa1-8b67aabd1087" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger"/>
    <link:presentationArc order="37" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger_a50e4292-d8d9-42fc-8fa1-8b67aabd1087" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleThresholdTradingDays_265e3818-95cf-4ec6-842f-3dfabd09644e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleThresholdTradingDays"/>
    <link:presentationArc order="38" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentConvertibleThresholdTradingDays_265e3818-95cf-4ec6-842f-3dfabd09644e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1_02c326f8-bc2c-4e05-bbb1-baa91f7b67d5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1"/>
    <link:presentationArc order="39" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1_02c326f8-bc2c-4e05-bbb1-baa91f7b67d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance_8c0ba1bd-9c34-4186-a012-eded5fe7c02c" xlink:href="mtn-20240731.xsd#mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance"/>
    <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance_8c0ba1bd-9c34-4186-a012-eded5fe7c02c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtFairValue_f03134a5-496d-4a10-b379-d4212003e732" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtFairValue"/>
    <link:presentationArc order="41" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_LongTermDebtFairValue_f03134a5-496d-4a10-b379-d4212003e732" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent_f02b49de-8fea-4a1e-8dcb-059cc0d9d24b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent"/>
    <link:presentationArc order="42" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent_f02b49de-8fea-4a1e-8dcb-059cc0d9d24b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet_ab2008db-0c38-4e02-a244-9cb6d471fc0c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet"/>
    <link:presentationArc order="43" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet_ab2008db-0c38-4e02-a244-9cb6d471fc0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_c33710d1-4fb6-4e27-b9fd-5f5099a2e0d8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature"/>
    <link:presentationArc order="44" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_c33710d1-4fb6-4e27-b9fd-5f5099a2e0d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1_4e1a1b24-a456-4130-8748-a7bf8650f9d5" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1"/>
    <link:presentationArc order="45" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1_4e1a1b24-a456-4130-8748-a7bf8650f9d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeFixedInterestRate_57a29bc4-4175-48a6-933b-b8958ae932ea" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DerivativeFixedInterestRate"/>
    <link:presentationArc order="46" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_DerivativeFixedInterestRate_57a29bc4-4175-48a6-933b-b8958ae932ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromUnsecuredNotesPayable_2a352ab7-cedf-499a-aa91-c6f785f64c0b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProceedsFromUnsecuredNotesPayable"/>
    <link:presentationArc order="47" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_ProceedsFromUnsecuredNotesPayable_2a352ab7-cedf-499a-aa91-c6f785f64c0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccretionExpense_14dcaa7c-167c-4558-aaad-da16ca46f98b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccretionExpense"/>
    <link:presentationArc order="48" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_AccretionExpense_14dcaa7c-167c-4558-aaad-da16ca46f98b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DebtInstrumentConvertibleMeasurementPeriod_34b704cf-d972-44a5-89b4-22cf20ce2115" xlink:href="mtn-20240731.xsd#mtn_DebtInstrumentConvertibleMeasurementPeriod"/>
    <link:presentationArc order="49" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_DebtInstrumentConvertibleMeasurementPeriod_34b704cf-d972-44a5-89b4-22cf20ce2115" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleLeasebackTransactionHistoricalCost_f26e583c-92b9-4243-82f7-72bc9617e34f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SaleLeasebackTransactionHistoricalCost"/>
    <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_SaleLeasebackTransactionHistoricalCost_f26e583c-92b9-4243-82f7-72bc9617e34f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MtnInterestRateSwapNotionalAmount_ada95c4c-50fe-410c-826c-5f36d4334b19" xlink:href="mtn-20240731.xsd#mtn_MtnInterestRateSwapNotionalAmount"/>
    <link:presentationArc order="51" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_mtn_MtnInterestRateSwapNotionalAmount_ada95c4c-50fe-410c-826c-5f36d4334b19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfNotesPayable_65c52415-8ee9-4dfd-98cb-29993f6262e6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RepaymentsOfNotesPayable"/>
    <link:presentationArc order="52" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0cfb225a-4b46-497f-8dfe-d9fe33373eee" xlink:to="loc_us-gaap_RepaymentsOfNotesPayable_65c52415-8ee9-4dfd-98cb-29993f6262e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtOtherDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_ff9fe8a8-3a35-455f-8294-3d16914ec157" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:to="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_ff9fe8a8-3a35-455f-8294-3d16914ec157" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_58a7e81a-e842-4f0c-97c2-eab5ee36c97c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_58a7e81a-e842-4f0c-97c2-eab5ee36c97c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_ccdddf96-29c8-4223-9fe7-b541441be065" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_ccdddf96-29c8-4223-9fe7-b541441be065" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_6edd4606-656e-4de8-a48a-7ee99bbace29" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_6edd4606-656e-4de8-a48a-7ee99bbace29" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_118c32d0-9308-40d4-a765-92ef2926d419" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_118c32d0-9308-40d4-a765-92ef2926d419" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_4bc77e01-cd4d-4358-b72f-4912f0ee0751" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_4bc77e01-cd4d-4358-b72f-4912f0ee0751" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_51a0cba0-a27a-467e-8c58-5a68dd52f0e0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_51a0cba0-a27a-467e-8c58-5a68dd52f0e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_3c0b65e9-f0d6-4ee3-b567-e1fc4504f0ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:to="loc_us-gaap_LongTermDebt_3c0b65e9-f0d6-4ee3-b567-e1fc4504f0ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseDebt_9de8ee0a-f634-4b71-9f1f-2425c73157c3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpenseDebt"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:to="loc_us-gaap_InterestExpenseDebt_9de8ee0a-f634-4b71-9f1f-2425c73157c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_32342e46-76e4-482b-8eb7-fbbabf1e547e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermDebtOtherDisclosuresAbstract_d7a60441-8d73-4eda-8e81-c22111f94503" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_32342e46-76e4-482b-8eb7-fbbabf1e547e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/AcquisitionsNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#AcquisitionsNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/AcquisitionsNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationsAbstract_f1c7f295-222c-42f7-8486-dbb980b82713" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationsAbstract_f1c7f295-222c-42f7-8486-dbb980b82713" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_4442ae61-287b-4d61-9020-b0dbb6a55b77" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_4442ae61-287b-4d61-9020-b0dbb6a55b77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_497005df-1938-43fb-8bb6-63b20b11b17c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_4442ae61-287b-4d61-9020-b0dbb6a55b77" xlink:to="loc_us-gaap_EquityComponentDomain_497005df-1938-43fb-8bb6-63b20b11b17c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_0c07d1b1-d98f-4fed-9d21-fdea9b0d053a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_497005df-1938-43fb-8bb6-63b20b11b17c" xlink:to="loc_us-gaap_CommonStockMember_0c07d1b1-d98f-4fed-9d21-fdea9b0d053a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis_608c9416-a976-4635-a76f-f60a13c8a6e3" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CurrencyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:to="loc_srt_CurrencyAxis_608c9416-a976-4635-a76f-f60a13c8a6e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_2c4c65ce-6161-40f0-a479-9469b94ddc4d" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_CurrencyAxis_608c9416-a976-4635-a76f-f60a13c8a6e3" xlink:to="loc_currency_AllCurrenciesDomain_2c4c65ce-6161-40f0-a479-9469b94ddc4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_15dc7a3c-7dd4-4011-a3af-31910171d325" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_15dc7a3c-7dd4-4011-a3af-31910171d325" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_9a6f3096-c32a-4222-83c6-ca5ddb424ca5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_15dc7a3c-7dd4-4011-a3af-31910171d325" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_9a6f3096-c32a-4222-83c6-ca5ddb424ca5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsObligationMember_4306ba8f-3265-44b0-825b-d4d5b066c182" xlink:href="mtn-20240731.xsd#mtn_CanyonsObligationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_9a6f3096-c32a-4222-83c6-ca5ddb424ca5" xlink:to="loc_mtn_CanyonsObligationMember_4306ba8f-3265-44b0-825b-d4d5b066c182" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_6fec2d8b-7530-42a6-83b1-25ea4e7dd6bb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_6fec2d8b-7530-42a6-83b1-25ea4e7dd6bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_aa3dd947-ed96-4286-b010-6c0a6bbe8ef1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_6fec2d8b-7530-42a6-83b1-25ea4e7dd6bb" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_aa3dd947-ed96-4286-b010-6c0a6bbe8ef1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SevenSpringsResortsMember_35eb58a8-5fcf-4efb-b3f2-d2cd403ea315" xlink:href="mtn-20240731.xsd#mtn_SevenSpringsResortsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_aa3dd947-ed96-4286-b010-6c0a6bbe8ef1" xlink:to="loc_mtn_SevenSpringsResortsMember_35eb58a8-5fcf-4efb-b3f2-d2cd403ea315" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_a3031f42-4994-4fda-b3a4-e77d3aa427bb" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_aa3dd947-ed96-4286-b010-6c0a6bbe8ef1" xlink:to="loc_mtn_AndermattSedrunMember_a3031f42-4994-4fda-b3a4-e77d3aa427bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CransMontanaMember_442872c8-13fd-4624-b4fa-51a0d69b1b1e" xlink:href="mtn-20240731.xsd#mtn_CransMontanaMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_aa3dd947-ed96-4286-b010-6c0a6bbe8ef1" xlink:to="loc_mtn_CransMontanaMember_442872c8-13fd-4624-b4fa-51a0d69b1b1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4330cf0c-92d0-453b-be5c-144536f48172" xlink:to="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_1e0dcd9a-54bd-44f2-b126-f08dd52c0630" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_1e0dcd9a-54bd-44f2-b126-f08dd52c0630" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_8e385654-2560-4b84-ad6c-d737a26d6e02" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_8e385654-2560-4b84-ad6c-d737a26d6e02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_38567e55-9192-41f3-9aba-1fa13df191a1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_38567e55-9192-41f3-9aba-1fa13df191a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed_d68f0929-9358-4088-931c-b32b6f73977c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed_d68f0929-9358-4088-931c-b32b6f73977c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InitialCapitalLeaseTerm_99fedf89-092d-4ccc-acb1-692e56c5df2a" xlink:href="mtn-20240731.xsd#mtn_InitialCapitalLeaseTerm"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_InitialCapitalLeaseTerm_99fedf89-092d-4ccc-acb1-692e56c5df2a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OptionalLeaseRenewalTerm_66e0e542-ba73-4464-a0c8-d72fdc6c8818" xlink:href="mtn-20240731.xsd#mtn_OptionalLeaseRenewalTerm"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_OptionalLeaseRenewalTerm_66e0e542-ba73-4464-a0c8-d72fdc6c8818" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MinimumCapitalLeasePaymentAnnual_8aa470a6-84b2-48cb-8add-98bc2bf709dc" xlink:href="mtn-20240731.xsd#mtn_MinimumCapitalLeasePaymentAnnual"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_MinimumCapitalLeasePaymentAnnual_8aa470a6-84b2-48cb-8add-98bc2bf709dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AdjustmentsToCapitalLeaseAnnualPayments_7facce12-5262-4905-aa65-b9cee36732df" xlink:href="mtn-20240731.xsd#mtn_AdjustmentsToCapitalLeaseAnnualPayments"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_AdjustmentsToCapitalLeaseAnnualPayments_7facce12-5262-4905-aa65-b9cee36732df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseExpirationDate1_08dd28f6-6f9a-41a5-9a1d-f047610258eb" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseExpirationDate1"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_LeaseExpirationDate1_08dd28f6-6f9a-41a5-9a1d-f047610258eb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_8da6de9e-c5d8-4f57-98b5-1592b01f6d46" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferred1"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferred1_8da6de9e-c5d8-4f57-98b5-1592b01f6d46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_61860b50-42bd-40a7-8f78-3d6c0c63f0df" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_61860b50-42bd-40a7-8f78-3d6c0c63f0df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAcquiredDuringPeriod_af82ef3c-6b4d-420b-a6e8-35c3383ff1fd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAcquiredDuringPeriod"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_GoodwillAcquiredDuringPeriod_af82ef3c-6b4d-420b-a6e8-35c3383ff1fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_ecee1ef7-1761-42cb-953d-fca64e56ccc8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_ecee1ef7-1761-42cb-953d-fca64e56ccc8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_848881c6-4c3a-48bd-bc8c-1cf25df2a9b1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_848881c6-4c3a-48bd-bc8c-1cf25df2a9b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_5534c14c-8ed3-4ea8-942b-08f1399d1b77" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_5534c14c-8ed3-4ea8-942b-08f1399d1b77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_9a7af5c0-04b1-4e78-9bbe-1c977b66bc1c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_9a7af5c0-04b1-4e78-9bbe-1c977b66bc1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MtnBusinessCombinationRemainderPayment_d19d32f4-de42-4905-8d29-17749147f732" xlink:href="mtn-20240731.xsd#mtn_MtnBusinessCombinationRemainderPayment"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_MtnBusinessCombinationRemainderPayment_d19d32f4-de42-4905-8d29-17749147f732" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_065b98cc-c4db-439c-8567-87be9e3d72c0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_065b98cc-c4db-439c-8567-87be9e3d72c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1_6ad78af3-6aec-4441-910d-cee26c17df73" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1_6ad78af3-6aec-4441-910d-cee26c17df73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_be27f50e-91c5-4df3-a3f2-6f69afadd9c6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_be27f50e-91c5-4df3-a3f2-6f69afadd9c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_f55d0b74-4f4f-4da0-b555-4fabd42147c3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_f55d0b74-4f4f-4da0-b555-4fabd42147c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_BusinessCombinationDeposits_336e2b88-e978-4565-a3b3-a15eab7bde40" xlink:href="mtn-20240731.xsd#mtn_BusinessCombinationDeposits"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_3bdb119f-c42c-427e-bbd2-fc327918e484" xlink:to="loc_mtn_BusinessCombinationDeposits_336e2b88-e978-4565-a3b3-a15eab7bde40" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_5f4dc2f9-b2db-4278-bd06-f643c6b22c3a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationsAbstract_f1c7f295-222c-42f7-8486-dbb980b82713" xlink:to="loc_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_5f4dc2f9-b2db-4278-bd06-f643c6b22c3a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationsAbstract_495d2cec-b21c-4a6c-8734-28c343c2ad61" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationsAbstract_495d2cec-b21c-4a6c-8734-28c343c2ad61" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_a2516c2c-f307-4e9d-ba55-6c802b5ec435" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_a2516c2c-f307-4e9d-ba55-6c802b5ec435" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_5aa9d2d5-0d27-4fc3-a69b-d786d259fc11" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_a2516c2c-f307-4e9d-ba55-6c802b5ec435" xlink:to="loc_us-gaap_EquityComponentDomain_5aa9d2d5-0d27-4fc3-a69b-d786d259fc11" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestMember_354ffcc1-0c1a-48d7-88aa-07a8e5cdb0e4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncontrollingInterestMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_5aa9d2d5-0d27-4fc3-a69b-d786d259fc11" xlink:to="loc_us-gaap_NoncontrollingInterestMember_354ffcc1-0c1a-48d7-88aa-07a8e5cdb0e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis_76eee0eb-aa30-4380-9798-87609f56aae2" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CurrencyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_srt_CurrencyAxis_76eee0eb-aa30-4380-9798-87609f56aae2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_236c043e-3bef-4362-8826-691986a03d57" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_CurrencyAxis_76eee0eb-aa30-4380-9798-87609f56aae2" xlink:to="loc_currency_AllCurrenciesDomain_236c043e-3bef-4362-8826-691986a03d57" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_0adab41b-5f84-433c-b183-0219f361ec9f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_0adab41b-5f84-433c-b183-0219f361ec9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_4d947c2f-03e1-415b-8152-3d56bce53be5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_0adab41b-5f84-433c-b183-0219f361ec9f" xlink:to="loc_us-gaap_SegmentDomain_4d947c2f-03e1-415b-8152-3d56bce53be5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainMember_ea2e2ef1-248d-42c4-bada-1ff93af32d8a" xlink:href="mtn-20240731.xsd#mtn_MountainMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_4d947c2f-03e1-415b-8152-3d56bce53be5" xlink:to="loc_mtn_MountainMember_ea2e2ef1-248d-42c4-bada-1ff93af32d8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_b83ce31d-c8c7-422d-b0a3-f4423cb097e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_b83ce31d-c8c7-422d-b0a3-f4423cb097e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_cca4b8d7-4a02-41a3-b34d-952eb2143977" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_b83ce31d-c8c7-422d-b0a3-f4423cb097e8" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_cca4b8d7-4a02-41a3-b34d-952eb2143977" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SevenSpringsResortsMember_e8bd17e0-3729-4975-93ce-84be7b8936bd" xlink:href="mtn-20240731.xsd#mtn_SevenSpringsResortsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_cca4b8d7-4a02-41a3-b34d-952eb2143977" xlink:to="loc_mtn_SevenSpringsResortsMember_e8bd17e0-3729-4975-93ce-84be7b8936bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_78c0ced8-ca95-4703-94b2-53a95529aef6" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_cca4b8d7-4a02-41a3-b34d-952eb2143977" xlink:to="loc_mtn_AndermattSedrunMember_78c0ced8-ca95-4703-94b2-53a95529aef6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CransMontanaMember_b0e56324-da43-4b38-86e8-2bb4ce434bab" xlink:href="mtn-20240731.xsd#mtn_CransMontanaMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_cca4b8d7-4a02-41a3-b34d-952eb2143977" xlink:to="loc_mtn_CransMontanaMember_b0e56324-da43-4b38-86e8-2bb4ce434bab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_461078ee-ec0f-44a8-9b5d-ded0749e3284" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_461078ee-ec0f-44a8-9b5d-ded0749e3284" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_3ebe2c89-aa0e-409d-9968-ef71733426d0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_461078ee-ec0f-44a8-9b5d-ded0749e3284" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_3ebe2c89-aa0e-409d-9968-ef71733426d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_ba4249f5-f6a7-4a63-a37e-6c88239d437c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_StatementClassOfStockAxis_ba4249f5-f6a7-4a63-a37e-6c88239d437c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_0b8704d4-0789-4853-88a3-6631c2a8f9a6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_ba4249f5-f6a7-4a63-a37e-6c88239d437c" xlink:to="loc_us-gaap_ClassOfStockDomain_0b8704d4-0789-4853-88a3-6631c2a8f9a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionLineItems"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_14c827ab-2ec7-430d-9184-7c7d13410eb9" xlink:to="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedTrademarks_0b997c9f-a205-4246-bdc0-7c047a153e0f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedTrademarks"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_IndefiniteLivedTrademarks_0b997c9f-a205-4246-bdc0-7c047a153e0f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_fc6b6c72-4a46-4722-b854-719a66303ce0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_fc6b6c72-4a46-4722-b854-719a66303ce0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsLand_dbc19346-da63-4298-9798-0ef9c5d4d64a" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsLand"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_FinanceLeasedAssetsLand_dbc19346-da63-4298-9798-0ef9c5d4d64a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsLandImprovements_9a3f9cf8-7298-4f0d-b0a8-7063b1d44a15" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsLandImprovements"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_FinanceLeasedAssetsLandImprovements_9a3f9cf8-7298-4f0d-b0a8-7063b1d44a15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_c5d49843-ec45-4d2c-925c-3e3f0169359b" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_c5d49843-ec45-4d2c-925c-3e3f0169359b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CapitalLeasedAssetsMachineryandEquipment_6000268e-bccd-4fa9-ac9f-ea7e94749f95" xlink:href="mtn-20240731.xsd#mtn_CapitalLeasedAssetsMachineryandEquipment"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_CapitalLeasedAssetsMachineryandEquipment_6000268e-bccd-4fa9-ac9f-ea7e94749f95" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation_206fd496-c1a5-48b1-9e9b-fa970af7b5d7" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsAccumulatedDepreciation"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation_206fd496-c1a5-48b1-9e9b-fa970af7b5d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsNet_6497d6e7-fa3e-4900-9f04-c504052663bf" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsNet"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_mtn_FinanceLeasedAssetsNet_6497d6e7-fa3e-4900-9f04-c504052663bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_991b969d-3c59-47fc-b59d-92a1e0de7940" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_991b969d-3c59-47fc-b59d-92a1e0de7940" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_fc4e5b32-83e4-46cb-b010-e49a2ec61a96" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_fc4e5b32-83e4-46cb-b010-e49a2ec61a96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAcquiredDuringPeriod_4497e836-b5e1-4b83-9b77-cf2f39014ba7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAcquiredDuringPeriod"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_GoodwillAcquiredDuringPeriod_4497e836-b5e1-4b83-9b77-cf2f39014ba7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_d0c2bd6c-6a5e-4ff6-968b-befcd9af84d7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_d0c2bd6c-6a5e-4ff6-968b-befcd9af84d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_2202f903-71ac-4dfa-88c3-3ec9893491cc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferred1"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferred1_2202f903-71ac-4dfa-88c3-3ec9893491cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_79493845-55ea-43ee-af7a-68d494b67f74" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_79493845-55ea-43ee-af7a-68d494b67f74" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1_605de1e6-376f-4645-8eb1-4c6d1d7c739b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1_605de1e6-376f-4645-8eb1-4c6d1d7c739b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_edd03675-aa71-40c5-8c83-116ef4462a4c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_edd03675-aa71-40c5-8c83-116ef4462a4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed_ed1ebfd0-b654-4ca4-af8a-30b23b36580a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed_ed1ebfd0-b654-4ca4-af8a-30b23b36580a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_81dd4433-e471-4a3e-b273-d709849e06ff" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_81dd4433-e471-4a3e-b273-d709849e06ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized_a13d0cec-7b45-4763-8207-0173663810e9" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_eb742e3b-ef9f-4cdf-ba24-acf4c730efa7" xlink:to="loc_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized_a13d0cec-7b45-4763-8207-0173663810e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_62da452b-a0f5-485c-8f57-7435a08ffa45" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationsAbstract_495d2cec-b21c-4a6c-8734-28c343c2ad61" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_62da452b-a0f5-485c-8f57-7435a08ffa45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetRelatedDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfIntangibleAssets_29b1c05e-22df-4f76-9fd5-d3908308f337" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfIntangibleAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:to="loc_us-gaap_AmortizationOfIntangibleAssets_29b1c05e-22df-4f76-9fd5-d3908308f337" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_6448f660-01a9-4c29-8754-e4e1fd0d0ebd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_6448f660-01a9-4c29-8754-e4e1fd0d0ebd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_5a178a28-6a71-4a15-9420-b32c282fa4ee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_5a178a28-6a71-4a15-9420-b32c282fa4ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_2b5f80ce-a45f-4e26-a006-328272cb9b92" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_2b5f80ce-a45f-4e26-a006-328272cb9b92" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_b36e8866-c03f-449c-b01e-666222fe418c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_b36e8866-c03f-449c-b01e-666222fe418c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_2312d98b-699c-4823-be35-1c090ed2fd6b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_2312d98b-699c-4823-be35-1c090ed2fd6b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Depreciation_057c2828-43d8-40aa-ba90-a70b72595d08" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Depreciation"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:to="loc_us-gaap_Depreciation_057c2828-43d8-40aa-ba90-a70b72595d08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfIntangibleAssets_82312a5b-37d8-42b7-b05a-a3139ba5f931" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfIntangibleAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseCurrent_823cc19b-0e3c-448d-96ce-508c74b6a397" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PrepaidExpenseCurrent"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:to="loc_us-gaap_PrepaidExpenseCurrent_823cc19b-0e3c-448d-96ce-508c74b6a397" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsMiscellaneousCurrent_6d5dfd97-c210-40ea-ac8a-3b53ddd10d0d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsMiscellaneousCurrent"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:to="loc_us-gaap_OtherAssetsMiscellaneousCurrent_6d5dfd97-c210-40ea-ac8a-3b53ddd10d0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsCurrent_491148f3-ab80-42f1-9361-0a37b4694195" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAssetsCurrent"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_23f36e9c-5be7-46ff-a43c-38161c929c3f" xlink:to="loc_us-gaap_OtherAssetsCurrent_491148f3-ab80-42f1-9361-0a37b4694195" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetRelatedDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Depreciation_d1455c0d-4393-4512-890a-8f8dd2ac9c4d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Depreciation"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_us-gaap_Depreciation_d1455c0d-4393-4512-890a-8f8dd2ac9c4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LandAndLandImprovementsGross_9632632f-f734-4b89-b7b4-42f3c4ebe32c" xlink:href="mtn-20240731.xsd#mtn_LandAndLandImprovementsGross"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_mtn_LandAndLandImprovementsGross_9632632f-f734-4b89-b7b4-42f3c4ebe32c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BuildingsAndImprovementsGross_2f463179-a602-4a7d-a978-7f06322415ab" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BuildingsAndImprovementsGross"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_us-gaap_BuildingsAndImprovementsGross_2f463179-a602-4a7d-a978-7f06322415ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MachineryAndEquipmentGross_8c5e3e62-f2a7-482b-97f5-e271a6fecdb1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MachineryAndEquipmentGross"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_us-gaap_MachineryAndEquipmentGross_8c5e3e62-f2a7-482b-97f5-e271a6fecdb1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FurnitureAndFixturesGross_bc8f3bc9-0597-40ab-86df-2d483e273c96" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FurnitureAndFixturesGross"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_us-gaap_FurnitureAndFixturesGross_bc8f3bc9-0597-40ab-86df-2d483e273c96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalizedComputerSoftwareGross_a7e58203-c990-47ba-8dd7-3c4131cdb708" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CapitalizedComputerSoftwareGross"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_us-gaap_CapitalizedComputerSoftwareGross_a7e58203-c990-47ba-8dd7-3c4131cdb708" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_VehiclesGross_6a27aab4-1f6e-400f-abf0-be4b9e34bea0" xlink:href="mtn-20240731.xsd#mtn_VehiclesGross"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_mtn_VehiclesGross_6a27aab4-1f6e-400f-abf0-be4b9e34bea0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConstructionInProgressGross_d63a7ace-1e8e-425c-a4f2-947ac4b51a2d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ConstructionInProgressGross"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_us-gaap_ConstructionInProgressGross_d63a7ace-1e8e-425c-a4f2-947ac4b51a2d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_4e5a6329-8861-49b3-9969-1c0c92d7f4d6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentGross"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentGross_4e5a6329-8861-49b3-9969-1c0c92d7f4d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_6c8abca4-7c9e-4f3f-b535-b5fc6958631d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_6c8abca4-7c9e-4f3f-b535-b5fc6958631d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_015817e4-841b-4da2-9955-6605ba223b1d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_c5742f39-4087-4731-9b35-0e3c5d45792c" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_015817e4-841b-4da2-9955-6605ba223b1d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract_87767d40-3c74-4970-9659-a57b8839eec7" xlink:href="mtn-20240731.xsd#mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract_87767d40-3c74-4970-9659-a57b8839eec7" xlink:to="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_1a2fb6b2-55cb-4486-bc76-cbb2690f90a6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_1a2fb6b2-55cb-4486-bc76-cbb2690f90a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_1029151d-743f-4e9b-8616-15fc8c3ebd99" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_1a2fb6b2-55cb-4486-bc76-cbb2690f90a6" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_1029151d-743f-4e9b-8616-15fc8c3ebd99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsMember_10be905a-65c1-46da-8abd-cdc7c0904860" xlink:href="mtn-20240731.xsd#mtn_CanyonsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_1029151d-743f-4e9b-8616-15fc8c3ebd99" xlink:to="loc_mtn_CanyonsMember_10be905a-65c1-46da-8abd-cdc7c0904860" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_34af751e-d547-4c0f-8a9e-124b95c5e80f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_34af751e-d547-4c0f-8a9e-124b95c5e80f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_a0366287-ac14-4d34-b14b-d80cf412e1ef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_34af751e-d547-4c0f-8a9e-124b95c5e80f" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_a0366287-ac14-4d34-b14b-d80cf412e1ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_01ab2345-aa46-49ff-8ac7-1c5daeb74c79" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:to="loc_srt_RangeAxis_01ab2345-aa46-49ff-8ac7-1c5daeb74c79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_972c5da0-7138-4ab4-920e-86392e4dce68" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_01ab2345-aa46-49ff-8ac7-1c5daeb74c79" xlink:to="loc_srt_RangeMember_972c5da0-7138-4ab4-920e-86392e4dce68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_d46d3acf-ed0b-4637-8984-d9f9d1a11bb6" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsLand_5b23acc4-a7bd-47f2-9bb8-137fb71a274e" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsLand"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_FinanceLeasedAssetsLand_5b23acc4-a7bd-47f2-9bb8-137fb71a274e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsLandImprovements_5f85c8bf-cca3-4e65-9bec-c2ace1c8265c" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsLandImprovements"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_FinanceLeasedAssetsLandImprovements_5f85c8bf-cca3-4e65-9bec-c2ace1c8265c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_d268f91a-9b65-47a5-b238-ec7f3fe5468d" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements_d268f91a-9b65-47a5-b238-ec7f3fe5468d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CapitalLeasedAssetsMachineryandEquipment_386f27ba-4018-4476-8e7c-5c3f9e7ae1c2" xlink:href="mtn-20240731.xsd#mtn_CapitalLeasedAssetsMachineryandEquipment"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_CapitalLeasedAssetsMachineryandEquipment_386f27ba-4018-4476-8e7c-5c3f9e7ae1c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization_97948f52-43f0-4b18-bcb3-9ed82f550186" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization_97948f52-43f0-4b18-bcb3-9ed82f550186" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation_06774f4d-75af-4b8f-a649-59502f4c4236" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsAccumulatedDepreciation"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_FinanceLeasedAssetsAccumulatedDepreciation_06774f4d-75af-4b8f-a649-59502f4c4236" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedNetLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FinanceLeasedAssetsNet_e91f2e6a-92dd-4b02-8a9e-48c34ca3f7df" xlink:href="mtn-20240731.xsd#mtn_FinanceLeasedAssetsNet"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentLineItems_24de3043-0289-4921-977b-20a2f182e6da" xlink:to="loc_mtn_FinanceLeasedAssetsNet_e91f2e6a-92dd-4b02-8a9e-48c34ca3f7df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e996e42e-7de7-4ff8-bdbc-6e8b271cb5d4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetRelatedDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e996e42e-7de7-4ff8-bdbc-6e8b271cb5d4" xlink:to="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_8318adda-562d-4ac5-bdc4-95abcd750d1f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_8318adda-562d-4ac5-bdc4-95abcd750d1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_c7c7ecbd-e0c2-47fd-9606-235d26daf0fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_8318adda-562d-4ac5-bdc4-95abcd750d1f" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_c7c7ecbd-e0c2-47fd-9606-235d26daf0fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_d55c9f7b-c23a-4790-8365-be0e406ae0f6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_d55c9f7b-c23a-4790-8365-be0e406ae0f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_db6526d5-69d2-45f8-aedf-7b19cf3d5b08" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_d55c9f7b-c23a-4790-8365-be0e406ae0f6" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_db6526d5-69d2-45f8-aedf-7b19cf3d5b08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_2cb88578-b44f-4335-9eca-49462e26a6a3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_2cb88578-b44f-4335-9eca-49462e26a6a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_224be415-5805-482b-b88a-42696ab3f996" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_2cb88578-b44f-4335-9eca-49462e26a6a3" xlink:to="loc_us-gaap_SegmentDomain_224be415-5805-482b-b88a-42696ab3f996" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainMember_7119e9f2-b51f-47ef-b1a3-449a4deec2be" xlink:href="mtn-20240731.xsd#mtn_MountainMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_224be415-5805-482b-b88a-42696ab3f996" xlink:to="loc_mtn_MountainMember_7119e9f2-b51f-47ef-b1a3-449a4deec2be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_98fb3841-65af-4e46-af77-8bf678228baf" xlink:to="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillGross_c0dc61ea-9c0a-4a9e-b317-c9dc28bdde77" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillGross"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_GoodwillGross_c0dc61ea-9c0a-4a9e-b317-c9dc28bdde77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss_78774690-a8a8-4557-b0dd-383967c48973" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillImpairedAccumulatedImpairmentLoss"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss_78774690-a8a8-4557-b0dd-383967c48973" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GoodwillAccumulatedAmortization_f16a8145-c604-463c-a558-c809b516d9fb" xlink:href="mtn-20240731.xsd#mtn_GoodwillAccumulatedAmortization"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_mtn_GoodwillAccumulatedAmortization_f16a8145-c604-463c-a558-c809b516d9fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_8e11efef-0ef3-484e-b081-e16afdcfe329" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_Goodwill_8e11efef-0ef3-484e-b081-e16afdcfe329" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedTrademarks_bf62898b-4ed1-46ca-9861-51b17900e115" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedTrademarks"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_IndefiniteLivedTrademarks_bf62898b-4ed1-46ca-9861-51b17900e115" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIndefiniteLivedIntangibleAssets_15662cbb-c204-4cb7-b27f-fcfeabe890ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherIndefiniteLivedIntangibleAssets"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_OtherIndefiniteLivedIntangibleAssets_15662cbb-c204-4cb7-b27f-fcfeabe890ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_cbdb6187-234d-4342-be89-80cd7dd2a958" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_cbdb6187-234d-4342-be89-80cd7dd2a958" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization_44ee4db5-7c14-45cc-a0a9-d6d375d21bd3" xlink:href="mtn-20240731.xsd#mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization_44ee4db5-7c14-45cc-a0a9-d6d375d21bd3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet_0d9f80fa-26de-4ece-82ba-357431ba8dfa" xlink:href="mtn-20240731.xsd#mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet_0d9f80fa-26de-4ece-82ba-357431ba8dfa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedTradeNamesGross_e9e5cc87-263a-4875-96dd-b6edca18379b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedTradeNamesGross"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedTradeNamesGross_e9e5cc87-263a-4875-96dd-b6edca18379b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherFiniteLivedIntangibleAssetsGross_e3312665-ee21-495c-9643-07676bf8d2e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherFiniteLivedIntangibleAssetsGross"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_OtherFiniteLivedIntangibleAssetsGross_e3312665-ee21-495c-9643-07676bf8d2e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_154ec55a-c139-42b1-8ed6-dcbe9585cc34" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsGross_154ec55a-c139-42b1-8ed6-dcbe9585cc34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_411c9729-43af-4778-89c4-41269f1a7370" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_411c9729-43af-4778-89c4-41269f1a7370" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_cd6fc902-047e-4c7d-80f3-f67db711749e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_cd6fc902-047e-4c7d-80f3-f67db711749e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GrossIntangibleAssetsExcludingGoodwill_37b8a602-d77a-497a-ba4c-823fc77263d4" xlink:href="mtn-20240731.xsd#mtn_GrossIntangibleAssetsExcludingGoodwill"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_mtn_GrossIntangibleAssetsExcludingGoodwill_37b8a602-d77a-497a-ba4c-823fc77263d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccumulatedAmortizationExcludingGoodwill_0b2fe45e-0780-4eb0-820e-86c770b97dc9" xlink:href="mtn-20240731.xsd#mtn_AccumulatedAmortizationExcludingGoodwill"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_mtn_AccumulatedAmortizationExcludingGoodwill_0b2fe45e-0780-4eb0-820e-86c770b97dc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_36beb700-321e-4727-bd46-2e5afe835411" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_36beb700-321e-4727-bd46-2e5afe835411" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfIntangibleAssets_95dc5d5e-b71f-413b-b445-207a58ec7e35" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AmortizationOfIntangibleAssets"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_AmortizationOfIntangibleAssets_95dc5d5e-b71f-413b-b445-207a58ec7e35" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_41b2b039-402f-47e1-a17a-bb652cfccdb5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_41b2b039-402f-47e1-a17a-bb652cfccdb5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_93e5544f-69d0-4bd6-8413-f6a7b40f875b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_93e5544f-69d0-4bd6-8413-f6a7b40f875b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_50d83478-5c04-4d7c-a1c6-6452296de54f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_50d83478-5c04-4d7c-a1c6-6452296de54f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_1605c6e5-3477-4ae9-9cff-18f576aff162" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_1605c6e5-3477-4ae9-9cff-18f576aff162" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_f3d9e543-5e06-480a-a565-4e40da006a58" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_88c92695-852f-423c-870f-11c4247917e8" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_f3d9e543-5e06-480a-a565-4e40da006a58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_4544916c-5412-4f49-aaf8-cf5dab8a5f86" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetRelatedDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfGoodwillTable_e3723e44-83b3-4e7e-860c-3c077ee2d142" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfGoodwillTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_4544916c-5412-4f49-aaf8-cf5dab8a5f86" xlink:to="loc_us-gaap_ScheduleOfGoodwillTable_e3723e44-83b3-4e7e-860c-3c077ee2d142" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_e3640d78-f199-4f1a-aebc-898da5e2297f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfGoodwillTable_e3723e44-83b3-4e7e-860c-3c077ee2d142" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_e3640d78-f199-4f1a-aebc-898da5e2297f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_eda212cf-1351-4009-9bc9-46487681bf40" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_e3640d78-f199-4f1a-aebc-898da5e2297f" xlink:to="loc_us-gaap_SegmentDomain_eda212cf-1351-4009-9bc9-46487681bf40" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainMember_1200e217-2718-4b6a-88f9-f478946a195f" xlink:href="mtn-20240731.xsd#mtn_MountainMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_eda212cf-1351-4009-9bc9-46487681bf40" xlink:to="loc_mtn_MountainMember_1200e217-2718-4b6a-88f9-f478946a195f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingMember_a8da86d5-70bf-459a-aee7-121ba011dfa9" xlink:href="mtn-20240731.xsd#mtn_LodgingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_eda212cf-1351-4009-9bc9-46487681bf40" xlink:to="loc_mtn_LodgingMember_a8da86d5-70bf-459a-aee7-121ba011dfa9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfGoodwillTable_e3723e44-83b3-4e7e-860c-3c077ee2d142" xlink:to="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_2594ec53-89f7-4679-837f-cbee9422c495" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:to="loc_us-gaap_Goodwill_2594ec53-89f7-4679-837f-cbee9422c495" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAcquiredDuringPeriod_32950ff3-c04f-4fb9-9072-223b9aeaef49" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillAcquiredDuringPeriod"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:to="loc_us-gaap_GoodwillAcquiredDuringPeriod_32950ff3-c04f-4fb9-9072-223b9aeaef49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit_f89a4627-d913-4c24-a699-26aa7a59a7c0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:to="loc_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit_f89a4627-d913-4c24-a699-26aa7a59a7c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillForeignCurrencyTranslationGainLoss_b99821fd-cd08-410f-8328-0519d548872f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GoodwillForeignCurrencyTranslationGainLoss"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:to="loc_us-gaap_GoodwillForeignCurrencyTranslationGainLoss_b99821fd-cd08-410f-8328-0519d548872f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_3edf1795-f452-4894-92a5-df7c9e9a187e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Goodwill"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_b06611c4-a98c-4b2c-bb4b-44db7467e26e" xlink:to="loc_us-gaap_Goodwill_3edf1795-f452-4894-92a5-df7c9e9a187e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e6f70b79-851f-43d8-9d86-f3d9f94f7faa" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetRelatedDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_7269e593-d595-4943-b2ca-5d617a9f3d59" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e6f70b79-851f-43d8-9d86-f3d9f94f7faa" xlink:to="loc_us-gaap_StatementTable_7269e593-d595-4943-b2ca-5d617a9f3d59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_4211aa15-d84c-4108-a9fd-46c0c05dd34b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_7269e593-d595-4943-b2ca-5d617a9f3d59" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_4211aa15-d84c-4108-a9fd-46c0c05dd34b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_bfea7945-344e-4393-8d22-96dda799c907" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetLocationAxis_4211aa15-d84c-4108-a9fd-46c0c05dd34b" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_bfea7945-344e-4393-8d22-96dda799c907" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_5071796b-96d8-46fa-95ff-4fbef9d7511b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_7269e593-d595-4943-b2ca-5d617a9f3d59" xlink:to="loc_us-gaap_StatementLineItems_5071796b-96d8-46fa-95ff-4fbef9d7511b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableTradeCurrent_e3d3b8ed-ecf9-4629-868c-33e2ed979e2a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccountsPayableTradeCurrent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e6f70b79-851f-43d8-9d86-f3d9f94f7faa" xlink:to="loc_us-gaap_AccountsPayableTradeCurrent_e3d3b8ed-ecf9-4629-868c-33e2ed979e2a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredRevenueCurrent_1c3d1702-da46-47b1-89f7-bc6e7daff8d5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredRevenueCurrent"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e6f70b79-851f-43d8-9d86-f3d9f94f7faa" xlink:to="loc_us-gaap_DeferredRevenueCurrent_1c3d1702-da46-47b1-89f7-bc6e7daff8d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedSalariesCurrent_2c4cabb1-9f23-4de8-a540-83ac0369767f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedSalariesCurrent"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e6f70b79-851f-43d8-9d86-f3d9f94f7faa" xlink:to="loc_us-gaap_AccruedSalariesCurrent_2c4cabb1-9f23-4de8-a540-83ac0369767f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedEmployeeBenefitsCurrent_add751fc-a614-4c97-aa78-43fab7a19216" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AccruedEmployeeBenefitsCurrent"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e6f70b79-851f-43d8-9d86-f3d9f94f7faa" xlink:to="loc_us-gaap_AccruedEmployeeBenefitsCurrent_add751fc-a614-4c97-aa78-43fab7a19216" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Deposits_13b211ea-98c0-4993-95d1-e2f479c36c56" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Deposits"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e6f70b79-851f-43d8-9d86-f3d9f94f7faa" xlink:to="loc_us-gaap_Deposits_13b211ea-98c0-4993-95d1-e2f479c36c56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CurrentOperatingLeaseLiability_d720bf8e-8b00-4b71-882c-81662d12bb76" xlink:href="mtn-20240731.xsd#mtn_CurrentOperatingLeaseLiability"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e6f70b79-851f-43d8-9d86-f3d9f94f7faa" xlink:to="loc_mtn_CurrentOperatingLeaseLiability_d720bf8e-8b00-4b71-882c-81662d12bb76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAccruedLiabilitiesCurrent_50820bed-240b-497e-a685-c2b1a76c7aa4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OtherAccruedLiabilitiesCurrent"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e6f70b79-851f-43d8-9d86-f3d9f94f7faa" xlink:to="loc_us-gaap_OtherAccruedLiabilitiesCurrent_50820bed-240b-497e-a685-c2b1a76c7aa4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AccountsPayableAccruedLiabilities_e28f0617-6c06-48cc-be8f-99795e632527" xlink:href="mtn-20240731.xsd#mtn_AccountsPayableAccruedLiabilities"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_e6f70b79-851f-43d8-9d86-f3d9f94f7faa" xlink:to="loc_mtn_AccountsPayableAccruedLiabilities_e28f0617-6c06-48cc-be8f-99795e632527" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfOtherLongTermLiabilitiesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SupplementaryBalanceSheetInformationComponentsOfOtherLongTermLiabilitiesDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfOtherLongTermLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_54d46690-5445-489d-8fca-c356ad14103d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BalanceSheetRelatedDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherLongTermLiabilitiesNoncurrent_eee08393-c073-4715-9ebe-45d8169f7394" xlink:href="mtn-20240731.xsd#mtn_OtherLongTermLiabilitiesNoncurrent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetRelatedDisclosuresAbstract_54d46690-5445-489d-8fca-c356ad14103d" xlink:to="loc_mtn_OtherLongTermLiabilitiesNoncurrent_eee08393-c073-4715-9ebe-45d8169f7394" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/FairValueMeasurementsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#FairValueMeasurementsDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/FairValueMeasurementsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_a1f9fc47-28f1-47ad-b26e-dc0f971e40f5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_a1f9fc47-28f1-47ad-b26e-dc0f971e40f5" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis_16861fec-0159-42ea-9a1d-8571b934382b" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_CurrencyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:to="loc_srt_CurrencyAxis_16861fec-0159-42ea-9a1d-8571b934382b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain_29aeaa29-d0fd-490c-84b2-dafcc7b9ad7d" xlink:href="https://xbrl.sec.gov/currency/2023/currency-2023.xsd#currency_AllCurrenciesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_CurrencyAxis_16861fec-0159-42ea-9a1d-8571b934382b" xlink:to="loc_currency_AllCurrenciesDomain_29aeaa29-d0fd-490c-84b2-dafcc7b9ad7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_83241a25-d0a9-4c65-81ec-656cb60d06ba" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_83241a25-d0a9-4c65-81ec-656cb60d06ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_4881815b-278d-4979-93e4-9ee657b28c8f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_83241a25-d0a9-4c65-81ec-656cb60d06ba" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_4881815b-278d-4979-93e4-9ee657b28c8f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MoneyMarketFundsMember_3450af86-64a9-46b4-b881-6edf68b1dd8b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_MoneyMarketFundsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_4881815b-278d-4979-93e4-9ee657b28c8f" xlink:to="loc_us-gaap_MoneyMarketFundsMember_3450af86-64a9-46b4-b881-6edf68b1dd8b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommercialPaperMember_79b56023-17a4-44b4-bcdf-15b465400383" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommercialPaperMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_4881815b-278d-4979-93e4-9ee657b28c8f" xlink:to="loc_us-gaap_CommercialPaperMember_79b56023-17a4-44b4-bcdf-15b465400383" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CertificatesOfDepositMember_14de94cc-c35c-46ed-aebc-365e4f2412f4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CertificatesOfDepositMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_4881815b-278d-4979-93e4-9ee657b28c8f" xlink:to="loc_us-gaap_CertificatesOfDepositMember_14de94cc-c35c-46ed-aebc-365e4f2412f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_bc407027-3471-4858-9f65-43276c1d4fe6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_bc407027-3471-4858-9f65-43276c1d4fe6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_fb64ada9-446e-430f-a114-96199da8e784" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_bc407027-3471-4858-9f65-43276c1d4fe6" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_fb64ada9-446e-430f-a114-96199da8e784" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsMember_f620b644-3c0e-40f8-8753-409376efe219" xlink:href="mtn-20240731.xsd#mtn_CanyonsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_fb64ada9-446e-430f-a114-96199da8e784" xlink:to="loc_mtn_CanyonsMember_f620b644-3c0e-40f8-8753-409376efe219" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_21b1c5f4-5706-4801-9041-d48f68336fd7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_21b1c5f4-5706-4801-9041-d48f68336fd7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_480a1f21-b1f2-4679-a955-118d0f0d4b0c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_21b1c5f4-5706-4801-9041-d48f68336fd7" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_480a1f21-b1f2-4679-a955-118d0f0d4b0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_68ea82f0-df7e-4b37-880c-0a192e525f94" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel1Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_480a1f21-b1f2-4679-a955-118d0f0d4b0c" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_68ea82f0-df7e-4b37-880c-0a192e525f94" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_8a508c07-2177-42b8-b16a-60b50c81ff4f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_480a1f21-b1f2-4679-a955-118d0f0d4b0c" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_8a508c07-2177-42b8-b16a-60b50c81ff4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_174f6d66-25f2-4f6b-a81a-3465b7975711" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_480a1f21-b1f2-4679-a955-118d0f0d4b0c" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_174f6d66-25f2-4f6b-a81a-3465b7975711" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_799827e1-1ded-4c71-8dc1-6c60fc6a0ed6" xlink:to="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription_daa16dc9-8363-477b-9aea-95d629121fc7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription_daa16dc9-8363-477b-9aea-95d629121fc7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ContingentConsiderationKeyAssumptionsforValuation_c716d875-07c6-4077-a047-cfa21641d891" xlink:href="mtn-20240731.xsd#mtn_ContingentConsiderationKeyAssumptionsforValuation"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_mtn_ContingentConsiderationKeyAssumptionsforValuation_c716d875-07c6-4077-a047-cfa21641d891" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription_181f6929-b6e4-4e9f-897d-4f9b319f7be5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription_181f6929-b6e4-4e9f-897d-4f9b319f7be5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_9adf5136-6524-4b21-8172-63def939608e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_9adf5136-6524-4b21-8172-63def939608e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue_1754824f-709f-4132-b442-7d3f5a6e236e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestRateCashFlowHedgeAssetAtFairValue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue_1754824f-709f-4132-b442-7d3f5a6e236e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ContingentConsiderationFairValueDisclosure_d6422b7d-1316-49bb-a65b-d4bbb32cf48c" xlink:href="mtn-20240731.xsd#mtn_ContingentConsiderationFairValueDisclosure"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_mtn_ContingentConsiderationFairValueDisclosure_d6422b7d-1316-49bb-a65b-d4bbb32cf48c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRent_b6c2f4ff-824e-4fec-83d2-32bd081f235e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRent"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_PaymentsForRent_b6c2f4ff-824e-4fec-83d2-32bd081f235e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1_9c698179-d325-4b13-9085-d03d2894ffe0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1_9c698179-d325-4b13-9085-d03d2894ffe0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_InterestRateSwapNotionalAmount_c61f5eca-d624-46f0-a0ab-1d62f191cdbd" xlink:href="mtn-20240731.xsd#mtn_InterestRateSwapNotionalAmount"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_d27c3e67-ee61-48ce-b5f3-78f5896c78b2" xlink:to="loc_mtn_InterestRateSwapNotionalAmount_c61f5eca-d624-46f0-a0ab-1d62f191cdbd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_a8d9abba-b02a-4be6-941c-bcd0f906b5db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_a8d9abba-b02a-4be6-941c-bcd0f906b5db" xlink:to="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_a50d76e5-7bfb-4d50-acbc-1caeb1fd0915" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_a50d76e5-7bfb-4d50-acbc-1caeb1fd0915" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_3cd471ad-ba2b-491b-bc5c-b7d7c0622977" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_a50d76e5-7bfb-4d50-acbc-1caeb1fd0915" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_3cd471ad-ba2b-491b-bc5c-b7d7c0622977" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PeakResortsInc.Member_3ee8d94c-9297-473c-8f58-83108deafa70" xlink:href="mtn-20240731.xsd#mtn_PeakResortsInc.Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_3cd471ad-ba2b-491b-bc5c-b7d7c0622977" xlink:to="loc_mtn_PeakResortsInc.Member_3ee8d94c-9297-473c-8f58-83108deafa70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_4cbb8792-6b8a-4cf4-82f6-a3e2927548c8" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:to="loc_srt_RangeAxis_4cbb8792-6b8a-4cf4-82f6-a3e2927548c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_4f269e79-a310-4b6f-8e36-99d012735fc6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_4cbb8792-6b8a-4cf4-82f6-a3e2927548c8" xlink:to="loc_srt_RangeMember_4f269e79-a310-4b6f-8e36-99d012735fc6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_43363fc0-16f7-49ff-bc12-628621104c4e" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_4f269e79-a310-4b6f-8e36-99d012735fc6" xlink:to="loc_srt_MaximumMember_43363fc0-16f7-49ff-bc12-628621104c4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_8f911a1d-898d-465c-9cca-6fcd14d13afe" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_4f269e79-a310-4b6f-8e36-99d012735fc6" xlink:to="loc_srt_MinimumMember_8f911a1d-898d-465c-9cca-6fcd14d13afe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxAuthorityAxis_a80b4c2c-a79c-4a5d-9fd2-2fa9c5f7ac9f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxAuthorityAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:to="loc_us-gaap_IncomeTaxAuthorityAxis_a80b4c2c-a79c-4a5d-9fd2-2fa9c5f7ac9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxAuthorityDomain_7c8c3466-b973-4018-864e-4e08a7eceb41" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxAuthorityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxAuthorityAxis_a80b4c2c-a79c-4a5d-9fd2-2fa9c5f7ac9f" xlink:to="loc_us-gaap_IncomeTaxAuthorityDomain_7c8c3466-b973-4018-864e-4e08a7eceb41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCountryMember_c3855027-a44f-40ad-8717-2711a1d8b6fd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCountryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxAuthorityDomain_7c8c3466-b973-4018-864e-4e08a7eceb41" xlink:to="loc_us-gaap_ForeignCountryMember_c3855027-a44f-40ad-8717-2711a1d8b6fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_e91a4a03-8a6a-44fa-a368-3c6f2d07d8d1" xlink:to="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent_8f4534d4-9dcd-4109-b606-3697f51dcf18" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent_8f4534d4-9dcd-4109-b606-3697f51dcf18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_1e439d55-d6e2-4867-bd56-2796d0c54087" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_1e439d55-d6e2-4867-bd56-2796d0c54087" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_ac00990b-56e0-4f4f-8155-6ab98bca1e3c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_ac00990b-56e0-4f4f-8155-6ab98bca1e3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLossCarryforwards_3d07fb11-f68a-48e8-83ee-260320a5b8fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLossCarryforwards"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_OperatingLossCarryforwards_3d07fb11-f68a-48e8-83ee-260320a5b8fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ForeignRefundablePayrollTaxCredits_9165a33f-7b57-46ed-aff3-d99fe8ec1e94" xlink:href="mtn-20240731.xsd#mtn_ForeignRefundablePayrollTaxCredits"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_mtn_ForeignRefundablePayrollTaxCredits_9165a33f-7b57-46ed-aff3-d99fe8ec1e94" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense_b12c8b38-483b-4311-b09e-7d10c188b29c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense_b12c8b38-483b-4311-b09e-7d10c188b29c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_8bd86844-07ed-4fd1-bca4-12a912e692e1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_8bd86844-07ed-4fd1-bca4-12a912e692e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsGross_f19b129d-fa2d-4ac6-9839-1c7182ab901b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsGross"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_DeferredTaxAssetsGross_f19b129d-fa2d-4ac6-9839-1c7182ab901b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ValuationAllowanceAbstract_65464ea8-0ad6-4d9d-ae70-7732cea63080" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ValuationAllowanceAbstract"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_ValuationAllowanceAbstract_65464ea8-0ad6-4d9d-ae70-7732cea63080" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsValuationAllowance_9a0318c4-ab9a-49ee-a7cb-7a50957ef006" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsValuationAllowance"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_35441750-4d59-45be-83b1-a7c3630d7c46" xlink:to="loc_us-gaap_DeferredTaxAssetsValuationAllowance_9a0318c4-ab9a-49ee-a7cb-7a50957ef006" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_3408c332-1f80-4fc2-9a84-9419bb7c4ab5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_3408c332-1f80-4fc2-9a84-9419bb7c4ab5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets_d503d3c0-bbae-4c24-9009-b1f2534a0d55" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets_d503d3c0-bbae-4c24-9009-b1f2534a0d55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesLeasingArrangements_7be5b5c6-48b0-4485-b099-0158f348b9f5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesLeasingArrangements"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesLeasingArrangements_7be5b5c6-48b0-4485-b099-0158f348b9f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesOther_5c46fe74-5355-4835-8cb2-aa8906e222b3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilitiesOther"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesOther_5c46fe74-5355-4835-8cb2-aa8906e222b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilities_46ec5281-6c90-4bcf-ae05-658e6b7e5573" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilities"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilities_46ec5281-6c90-4bcf-ae05-658e6b7e5573" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilities_234ef5e9-9ecf-489d-b13e-2a753b070094" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilities"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxLiabilities_234ef5e9-9ecf-489d-b13e-2a753b070094" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DeferredTaxAssetCanyonsObligation_e0a73d38-96f2-4bb3-ba43-ef206a2406c3" xlink:href="mtn-20240731.xsd#mtn_DeferredTaxAssetCanyonsObligation"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_mtn_DeferredTaxAssetCanyonsObligation_e0a73d38-96f2-4bb3-ba43-ef206a2406c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost_980e8ba3-2070-481e-8f36-2a9ac8429624" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost_980e8ba3-2070-481e-8f36-2a9ac8429624" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsInvestments_8823e1c6-647f-4c3f-a9e6-611b0bdbcd79" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsInvestments"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxAssetsInvestments_8823e1c6-647f-4c3f-a9e6-611b0bdbcd79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits_0b1c9ab5-8b45-4705-8e8b-4a32555e981c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits_0b1c9ab5-8b45-4705-8e8b-4a32555e981c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies_8f13c324-2778-45df-be9b-cf043801841b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies_8f13c324-2778-45df-be9b-cf043801841b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_3b1827e4-f353-416e-9623-26c4c4730476" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwards"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_3b1827e4-f353-416e-9623-26c4c4730476" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DeferredTaxAssetsOperatingLeaseLiabilities_be243155-2960-48c7-bfde-d672dde3ba70" xlink:href="mtn-20240731.xsd#mtn_DeferredTaxAssetsOperatingLeaseLiabilities"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_mtn_DeferredTaxAssetsOperatingLeaseLiabilities_be243155-2960-48c7-bfde-d672dde3ba70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsOther_b14331b1-e4de-4c70-834d-f1e3f4075020" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsOther"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxAssetsOther_b14331b1-e4de-4c70-834d-f1e3f4075020" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsGross_e0a1e6f9-fea2-44bb-8c67-94cf2c0d5a85" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsGross"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxAssetsGross_e0a1e6f9-fea2-44bb-8c67-94cf2c0d5a85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsValuationAllowance_27895f81-34ed-48e8-b902-fbc8dd354292" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsValuationAllowance"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxAssetsValuationAllowance_27895f81-34ed-48e8-b902-fbc8dd354292" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsNet_21981e31-3717-42ff-9712-47ad5b10ac81" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxAssetsNet"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_5b77cb35-ef35-41c7-a25d-74156765981b" xlink:to="loc_us-gaap_DeferredTaxAssetsNet_21981e31-3717-42ff-9712-47ad5b10ac81" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_bbb2fe9d-cca4-49df-a976-2fc081e522ad" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentFederalTaxExpenseBenefit_5b078831-14b5-4ceb-b7a9-e732bd86e17b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentFederalTaxExpenseBenefit"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_bbb2fe9d-cca4-49df-a976-2fc081e522ad" xlink:to="loc_us-gaap_CurrentFederalTaxExpenseBenefit_5b078831-14b5-4ceb-b7a9-e732bd86e17b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_750c5485-83ae-4148-a469-f850bc5cd170" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_bbb2fe9d-cca4-49df-a976-2fc081e522ad" xlink:to="loc_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_750c5485-83ae-4148-a469-f850bc5cd170" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentForeignTaxExpenseBenefit_5524af4c-ce3c-4d0c-a756-72a1b3a78b70" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentForeignTaxExpenseBenefit"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_bbb2fe9d-cca4-49df-a976-2fc081e522ad" xlink:to="loc_us-gaap_CurrentForeignTaxExpenseBenefit_5524af4c-ce3c-4d0c-a756-72a1b3a78b70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentIncomeTaxExpenseBenefit_80c75656-3b6a-450f-9553-d2f04e13f9e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_bbb2fe9d-cca4-49df-a976-2fc081e522ad" xlink:to="loc_us-gaap_CurrentIncomeTaxExpenseBenefit_80c75656-3b6a-450f-9553-d2f04e13f9e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_d188d466-64c0-4cc8-bc8e-3c08f276d76a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_bbb2fe9d-cca4-49df-a976-2fc081e522ad" xlink:to="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_d188d466-64c0-4cc8-bc8e-3c08f276d76a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_4a5f7f6b-25aa-4605-9024-3a2156ac81c2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_bbb2fe9d-cca4-49df-a976-2fc081e522ad" xlink:to="loc_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_4a5f7f6b-25aa-4605-9024-3a2156ac81c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredForeignIncomeTaxExpenseBenefit_6e6db0ae-9d93-4b2a-b37f-c89454fabe0a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredForeignIncomeTaxExpenseBenefit"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_bbb2fe9d-cca4-49df-a976-2fc081e522ad" xlink:to="loc_us-gaap_DeferredForeignIncomeTaxExpenseBenefit_6e6db0ae-9d93-4b2a-b37f-c89454fabe0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_6902a12a-9b2a-418a-8d58-13a53cc9de70" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_bbb2fe9d-cca4-49df-a976-2fc081e522ad" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_6902a12a-9b2a-418a-8d58-13a53cc9de70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_d7178aad-0707-4979-952b-44af9e5bc269" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_bbb2fe9d-cca4-49df-a976-2fc081e522ad" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_d7178aad-0707-4979-952b-44af9e5bc269" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_7f9051a1-4696-4a46-9015-eb34f2fa44a6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_3093dae8-f0da-480f-a8aa-4e5f1fb44bbd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_7f9051a1-4696-4a46-9015-eb34f2fa44a6" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_3093dae8-f0da-480f-a8aa-4e5f1fb44bbd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_dfa79e9c-b9f7-4769-856a-ac8a5b32b342" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_7f9051a1-4696-4a46-9015-eb34f2fa44a6" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_dfa79e9c-b9f7-4769-856a-ac8a5b32b342" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions_8bd7c0c1-eb34-44ab-8056-1c95a0d40233" xlink:href="mtn-20240731.xsd#mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_7f9051a1-4696-4a46-9015-eb34f2fa44a6" xlink:to="loc_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions_8bd7c0c1-eb34-44ab-8056-1c95a0d40233" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent_763281c0-5592-4013-9cfb-6f6890f24e28" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_7f9051a1-4696-4a46-9015-eb34f2fa44a6" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent_763281c0-5592-4013-9cfb-6f6890f24e28" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment_9ae4f521-a644-4bc7-be9e-adec4f2a54dd" xlink:href="mtn-20240731.xsd#mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_7f9051a1-4696-4a46-9015-eb34f2fa44a6" xlink:to="loc_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment_9ae4f521-a644-4bc7-be9e-adec4f2a54dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense_92a8d154-7d39-4453-8a0f-4a6fc4ea4439" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_7f9051a1-4696-4a46-9015-eb34f2fa44a6" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense_92a8d154-7d39-4453-8a0f-4a6fc4ea4439" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_d4915ddb-ef34-409e-8004-5bb507e45722" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_7f9051a1-4696-4a46-9015-eb34f2fa44a6" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_d4915ddb-ef34-409e-8004-5bb507e45722" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_f79fb45d-ab3f-4679-b114-dae74e6fc9fc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_7f9051a1-4696-4a46-9015-eb34f2fa44a6" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_f79fb45d-ab3f-4679-b114-dae74e6fc9fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_25847286-4335-460e-9f45-1a69d919329e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_7f9051a1-4696-4a46-9015-eb34f2fa44a6" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_25847286-4335-460e-9f45-1a69d919329e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesReconciliationOfUnrecognizedTaxBenefitsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesReconciliationOfUnrecognizedTaxBenefitsDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesReconciliationOfUnrecognizedTaxBenefitsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_e3f38924-76bc-4e93-86b6-5557d222d464" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefits_a6419550-3d70-4d8f-8887-07dd936c0f0e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefits"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_e3f38924-76bc-4e93-86b6-5557d222d464" xlink:to="loc_us-gaap_UnrecognizedTaxBenefits_a6419550-3d70-4d8f-8887-07dd936c0f0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_fbe529c8-e02f-443e-b52f-2d7c2c6009ef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_e3f38924-76bc-4e93-86b6-5557d222d464" xlink:to="loc_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_fbe529c8-e02f-443e-b52f-2d7c2c6009ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_03861f7e-3e20-490e-b278-0bbfa5e3fcc7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_e3f38924-76bc-4e93-86b6-5557d222d464" xlink:to="loc_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_03861f7e-3e20-490e-b278-0bbfa5e3fcc7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesComponentsofIncomebeforeIncomeTaxesDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesComponentsofIncomebeforeIncomeTaxesDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesComponentsofIncomebeforeIncomeTaxesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract_ab2f3b4a-6e3d-458b-bb44-daa9f2e4e40c" xlink:href="mtn-20240731.xsd#mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_0efed341-730d-416e-a751-e2229aa01902" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract_ab2f3b4a-6e3d-458b-bb44-daa9f2e4e40c" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_0efed341-730d-416e-a751-e2229aa01902" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign_232eaabd-adb4-499b-a66b-d2cfdff5a8f2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract_ab2f3b4a-6e3d-458b-bb44-daa9f2e4e40c" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign_232eaabd-adb4-499b-a66b-d2cfdff5a8f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_77ab9599-4647-400e-9d3b-a979ed241af2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract_ab2f3b4a-6e3d-458b-bb44-daa9f2e4e40c" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_77ab9599-4647-400e-9d3b-a979ed241af2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract_da4512cf-1f00-4930-a1f9-240a0fc1352b" xlink:href="mtn-20240731.xsd#mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxAssetsNet_ae42fc25-0656-4bdf-9cad-36a4dd07ae86" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxAssetsNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract_da4512cf-1f00-4930-a1f9-240a0fc1352b" xlink:to="loc_us-gaap_DeferredIncomeTaxAssetsNet_ae42fc25-0656-4bdf-9cad-36a4dd07ae86" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_f2e8f9bb-28c8-46ef-b905-8be82adc3744" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract_da4512cf-1f00-4930-a1f9-240a0fc1352b" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_f2e8f9bb-28c8-46ef-b905-8be82adc3744" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilities_ef53d012-8275-4b51-8632-17db52f84c9b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DeferredTaxLiabilities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract_da4512cf-1f00-4930-a1f9-240a0fc1352b" xlink:to="loc_us-gaap_DeferredTaxLiabilities_ef53d012-8275-4b51-8632-17db52f84c9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#CommitmentsandContingenciesNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_b221a9b5-6694-42d4-9892-0daf0b34bfe7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingenciesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_b221a9b5-6694-42d4-9892-0daf0b34bfe7" xlink:to="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_4f098c37-0014-40b5-9540-b02fa4cb86df" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_4f098c37-0014-40b5-9540-b02fa4cb86df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_6a403da0-b717-4d2d-95a7-4013408ee8a1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_4f098c37-0014-40b5-9540-b02fa4cb86df" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_6a403da0-b717-4d2d-95a7-4013408ee8a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsObligationMember_0a0478b4-dd22-4360-b863-be4efd9fcff4" xlink:href="mtn-20240731.xsd#mtn_CanyonsObligationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_6a403da0-b717-4d2d-95a7-4013408ee8a1" xlink:to="loc_mtn_CanyonsObligationMember_0a0478b4-dd22-4360-b863-be4efd9fcff4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_38429628-6ed1-4a08-9045-5088b17e940c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_38429628-6ed1-4a08-9045-5088b17e940c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_38429628-6ed1-4a08-9045-5088b17e940c" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarMember_ee7282ea-9629-429f-943c-7ed6b7b34cf1" xlink:href="mtn-20240731.xsd#mtn_NorthstarMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_NorthstarMember_ee7282ea-9629-429f-943c-7ed6b7b34cf1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_PerisherMember_ec9933f2-ea65-4075-a296-9df3e84b2bfd" xlink:href="mtn-20240731.xsd#mtn_PerisherMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_PerisherMember_ec9933f2-ea65-4075-a296-9df3e84b2bfd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_CanyonsMember_cd00882a-28b3-4d58-926d-ac8ec8e6e74a" xlink:href="mtn-20240731.xsd#mtn_CanyonsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_CanyonsMember_cd00882a-28b3-4d58-926d-ac8ec8e6e74a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MadRiverMountainMember_31d6d11f-9fb3-4c2c-9671-5aeced526ebd" xlink:href="mtn-20240731.xsd#mtn_MadRiverMountainMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_MadRiverMountainMember_31d6d11f-9fb3-4c2c-9671-5aeced526ebd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HothamMember_19f33a90-e606-4f6e-b028-a5d99a4d8870" xlink:href="mtn-20240731.xsd#mtn_HothamMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_HothamMember_19f33a90-e606-4f6e-b028-a5d99a4d8870" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FallsCreekMember_6d031866-7caa-4722-9b04-0dc808cc2443" xlink:href="mtn-20240731.xsd#mtn_FallsCreekMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_FallsCreekMember_6d031866-7caa-4722-9b04-0dc808cc2443" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SevenSpringsResortsMember_e6850dc7-ab0f-442f-a940-403e189e21c8" xlink:href="mtn-20240731.xsd#mtn_SevenSpringsResortsMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_SevenSpringsResortsMember_e6850dc7-ab0f-442f-a940-403e189e21c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_AndermattSedrunMember_02a39595-5be4-4772-9547-b1b41d6e3064" xlink:href="mtn-20240731.xsd#mtn_AndermattSedrunMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_AndermattSedrunMember_02a39595-5be4-4772-9547-b1b41d6e3064" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UsernCorporationMember_9c2adfd6-1d13-4476-88a3-841aef9ada58" xlink:href="mtn-20240731.xsd#mtn_UsernCorporationMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_UsernCorporationMember_9c2adfd6-1d13-4476-88a3-841aef9ada58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease1Member_062f5f68-e3ad-4c5c-b1be-0d0f23d5a8c7" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease1Member"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_SwissConfederationLease1Member_062f5f68-e3ad-4c5c-b1be-0d0f23d5a8c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease2Member_adf8c570-0010-4f02-badd-8b1767ae9128" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease2Member"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_SwissConfederationLease2Member_adf8c570-0010-4f02-badd-8b1767ae9128" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MunicipalityOfTujetschMember_5a708ac5-8cc6-4284-ab36-a3a70f510421" xlink:href="mtn-20240731.xsd#mtn_MunicipalityOfTujetschMember"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_MunicipalityOfTujetschMember_5a708ac5-8cc6-4284-ab36-a3a70f510421" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FederalOfficeOfTransportConcession1Member_9e129a83-7318-4188-8c51-ace4dd5e751c" xlink:href="mtn-20240731.xsd#mtn_FederalOfficeOfTransportConcession1Member"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_FederalOfficeOfTransportConcession1Member_9e129a83-7318-4188-8c51-ace4dd5e751c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_FederalOfficeOfTransportConcession2Member_94f4f03f-349a-4e74-bbbf-ecb1a118a37f" xlink:href="mtn-20240731.xsd#mtn_FederalOfficeOfTransportConcession2Member"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_FederalOfficeOfTransportConcession2Member_94f4f03f-349a-4e74-bbbf-ecb1a118a37f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NorthstarResortFinanceLeasesMember_d8828153-5ed0-451b-be7a-0102e068d7cb" xlink:href="mtn-20240731.xsd#mtn_NorthstarResortFinanceLeasesMember"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_NorthstarResortFinanceLeasesMember_d8828153-5ed0-451b-be7a-0102e068d7cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease3Member_76591044-61ac-44b4-b80d-3300fae608a7" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease3Member"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_SwissConfederationLease3Member_76591044-61ac-44b4-b80d-3300fae608a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SwissConfederationLease4Member_0c11925f-4cce-4f82-9106-bfdbb0fbb564" xlink:href="mtn-20240731.xsd#mtn_SwissConfederationLease4Member"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_bbb27e47-0211-4fea-8b6a-2a39c7b6892a" xlink:to="loc_mtn_SwissConfederationLease4Member_0c11925f-4cce-4f82-9106-bfdbb0fbb564" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_68141f88-be83-4c6d-a991-419b7e1d279c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_srt_RangeAxis_68141f88-be83-4c6d-a991-419b7e1d279c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_7226acf7-d69b-44fe-9695-1a7a3339173f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_68141f88-be83-4c6d-a991-419b7e1d279c" xlink:to="loc_srt_RangeMember_7226acf7-d69b-44fe-9695-1a7a3339173f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_9191c63f-03d7-4e32-b22c-5cbb5c7dfe5f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_7226acf7-d69b-44fe-9695-1a7a3339173f" xlink:to="loc_srt_MaximumMember_9191c63f-03d7-4e32-b22c-5cbb5c7dfe5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_c298026e-3cbe-4ac5-97dd-428625b682bb" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_7226acf7-d69b-44fe-9695-1a7a3339173f" xlink:to="loc_srt_MinimumMember_c298026e-3cbe-4ac5-97dd-428625b682bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_7d88a262-019b-48ec-bc28-5f0fae75cc79" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_7d88a262-019b-48ec-bc28-5f0fae75cc79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LossContingencyNatureDomain_ecafa58b-542e-4e47-9b50-c8e1d166876c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LossContingencyNatureDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_7d88a262-019b-48ec-bc28-5f0fae75cc79" xlink:to="loc_us-gaap_LossContingencyNatureDomain_ecafa58b-542e-4e47-9b50-c8e1d166876c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EmployeeHousingBondsMember_1a27a2d3-aa6b-4564-ad9d-0661f24a4ff3" xlink:href="mtn-20240731.xsd#mtn_EmployeeHousingBondsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_ecafa58b-542e-4e47-9b50-c8e1d166876c" xlink:to="loc_mtn_EmployeeHousingBondsMember_1a27a2d3-aa6b-4564-ad9d-0661f24a4ff3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember_759ce630-bee0-44ad-becc-009417c1c225" xlink:href="mtn-20240731.xsd#mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_ecafa58b-542e-4e47-9b50-c8e1d166876c" xlink:to="loc_mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember_759ce630-bee0-44ad-becc-009417c1c225" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis_639f3a05-4552-492a-9ef9-c4d9452bd284" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LegalEntityAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_dei_LegalEntityAxis_639f3a05-4552-492a-9ef9-c4d9452bd284" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain_f4f4d62e-d8e5-44da-92fb-a5ba06c8025f" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_639f3a05-4552-492a-9ef9-c4d9452bd284" xlink:to="loc_dei_EntityDomain_f4f4d62e-d8e5-44da-92fb-a5ba06c8025f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_HollandCreekMetropolitanDistrictMember_674a58b8-e7ee-4a20-bdb5-ec4b0142d83d" xlink:href="mtn-20240731.xsd#mtn_HollandCreekMetropolitanDistrictMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_f4f4d62e-d8e5-44da-92fb-a5ba06c8025f" xlink:to="loc_mtn_HollandCreekMetropolitanDistrictMember_674a58b8-e7ee-4a20-bdb5-ec4b0142d83d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_c1f88993-4e40-45ee-a0d3-d9383748bd86" xlink:to="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_8f6d1dca-01c5-43b4-a857-1334674bf77d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LettersOfCreditOutstandingAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_us-gaap_LettersOfCreditOutstandingAmount_8f6d1dca-01c5-43b4-a857-1334674bf77d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SuretyBondsOutstanding_f5b7618f-1c7a-407f-be74-8493825d1945" xlink:href="mtn-20240731.xsd#mtn_SuretyBondsOutstanding"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_mtn_SuretyBondsOutstanding_f5b7618f-1c7a-407f-be74-8493825d1945" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseExpirationDate1_fb10cad0-b3fc-4cc7-b963-26d5c3176715" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LeaseExpirationDate1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_us-gaap_LeaseExpirationDate1_fb10cad0-b3fc-4cc7-b963-26d5c3176715" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NumberOfOptionalLeaseRenewalTerms_4d07d4c9-fa09-4759-89d0-d3d733a0f815" xlink:href="mtn-20240731.xsd#mtn_NumberOfOptionalLeaseRenewalTerms"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_mtn_NumberOfOptionalLeaseRenewalTerms_4d07d4c9-fa09-4759-89d0-d3d733a0f815" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OptionalLeaseRenewalTerm_09ecdaa3-e1de-4dc1-8cc9-850b16e3a3a5" xlink:href="mtn-20240731.xsd#mtn_OptionalLeaseRenewalTerm"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_mtn_OptionalLeaseRenewalTerm_09ecdaa3-e1de-4dc1-8cc9-850b16e3a3a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DescriptionofPercentageRent_698a42a4-17fe-49ec-a608-ccd7addf1f5e" xlink:href="mtn-20240731.xsd#mtn_DescriptionofPercentageRent"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_mtn_DescriptionofPercentageRent_698a42a4-17fe-49ec-a608-ccd7addf1f5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_4303447c-b11f-4200-800d-fcda06f53a73" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_us-gaap_LongTermDebt_4303447c-b11f-4200-800d-fcda06f53a73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LeaseExpirationYear_2ef88648-5eea-4e99-bf87-8fb7c3ff6994" xlink:href="mtn-20240731.xsd#mtn_LeaseExpirationYear"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_mtn_LeaseExpirationYear_2ef88648-5eea-4e99-bf87-8fb7c3ff6994" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseExpense_4d7b2f71-0ebe-4d7e-9087-56dbde5247fd" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_OperatingLeaseExpense"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_ab4c8e93-c323-4ce9-8e39-9506fcdc1cd2" xlink:to="loc_us-gaap_OperatingLeaseExpense_4d7b2f71-0ebe-4d7e-9087-56dbde5247fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SegmentInformationDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SegmentInformationDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SegmentInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_372c06be-c622-4a10-b7d4-9c1ecb113125" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_372c06be-c622-4a10-b7d4-9c1ecb113125" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_23dc0a31-e9ff-424b-8f10-24fae4dd1dbf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_23dc0a31-e9ff-424b-8f10-24fae4dd1dbf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_23dc0a31-e9ff-424b-8f10-24fae4dd1dbf" xlink:to="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LiftTicketsMember_3edc4db0-e33a-49ff-aea4-fac6f8f4e7ae" xlink:href="mtn-20240731.xsd#mtn_LiftTicketsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_LiftTicketsMember_3edc4db0-e33a-49ff-aea4-fac6f8f4e7ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_SkiSchoolMember_a17cb7fa-b753-43a9-8370-71334c03c210" xlink:href="mtn-20240731.xsd#mtn_SkiSchoolMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_SkiSchoolMember_a17cb7fa-b753-43a9-8370-71334c03c210" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DiningMember_dabaa975-4747-489e-983a-2ca9fb9c57be" xlink:href="mtn-20240731.xsd#mtn_DiningMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_DiningMember_dabaa975-4747-489e-983a-2ca9fb9c57be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RetailRentalMember_2e3604f0-a1b4-420a-acb9-e30345324886" xlink:href="mtn-20240731.xsd#mtn_RetailRentalMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_RetailRentalMember_2e3604f0-a1b4-420a-acb9-e30345324886" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OtherMountainRevenueMember_309d83cb-f5d1-446b-8ac6-a1ca516ff7b6" xlink:href="mtn-20240731.xsd#mtn_OtherMountainRevenueMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_OtherMountainRevenueMember_309d83cb-f5d1-446b-8ac6-a1ca516ff7b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortMember_478d3a6f-be0d-48ed-99d1-185717e96326" xlink:href="mtn-20240731.xsd#mtn_ResortMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_ResortMember_478d3a6f-be0d-48ed-99d1-185717e96326" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainMember_acb32b53-f6f2-4fd1-ac07-bfbaa700c0c6" xlink:href="mtn-20240731.xsd#mtn_MountainMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_ResortMember_478d3a6f-be0d-48ed-99d1-185717e96326" xlink:to="loc_mtn_MountainMember_acb32b53-f6f2-4fd1-ac07-bfbaa700c0c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingMember_70b5801e-9b62-43e0-9083-f14af47a8d68" xlink:href="mtn-20240731.xsd#mtn_LodgingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_ResortMember_478d3a6f-be0d-48ed-99d1-185717e96326" xlink:to="loc_mtn_LodgingMember_70b5801e-9b62-43e0-9083-f14af47a8d68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateSegmentMember_66d642b9-f2b9-4d7a-8106-b6ad15939727" xlink:href="mtn-20240731.xsd#mtn_RealEstateSegmentMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_310c035d-801e-45f4-be06-af0e1d54ed17" xlink:to="loc_mtn_RealEstateSegmentMember_66d642b9-f2b9-4d7a-8106-b6ad15939727" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_0240b11d-b8a5-472b-9c47-42536899cfde" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:to="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_0240b11d-b8a5-472b-9c47-42536899cfde" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_b25a7b51-aa2f-48ba-aebf-ccb02a490cad" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_0240b11d-b8a5-472b-9c47-42536899cfde" xlink:to="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_b25a7b51-aa2f-48ba-aebf-ccb02a490cad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DoubletreeBreckenridgeMember_29f66b4d-2e20-4632-bb28-f6c4621698b9" xlink:href="mtn-20240731.xsd#mtn_DoubletreeBreckenridgeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_b25a7b51-aa2f-48ba-aebf-ccb02a490cad" xlink:to="loc_mtn_DoubletreeBreckenridgeMember_29f66b4d-2e20-4632-bb28-f6c4621698b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementGeographicalAxis_0c1a7e9b-569a-4ca6-afcb-de9d87756be6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementGeographicalAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:to="loc_srt_StatementGeographicalAxis_0c1a7e9b-569a-4ca6-afcb-de9d87756be6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_f5459eda-a95b-4296-a6f2-5c2ebec3a6ed" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementGeographicalAxis_0c1a7e9b-569a-4ca6-afcb-de9d87756be6" xlink:to="loc_srt_SegmentGeographicalDomain_f5459eda-a95b-4296-a6f2-5c2ebec3a6ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_country_CA_8847ec41-0343-434a-908e-bfb59482d843" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_CA"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_SegmentGeographicalDomain_f5459eda-a95b-4296-a6f2-5c2ebec3a6ed" xlink:to="loc_country_CA_8847ec41-0343-434a-908e-bfb59482d843" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a330885f-dd13-4cff-9f4c-6bc216ee3076" xlink:to="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainRevenueNet_30d18816-5719-4978-939a-bf60bbb53e3b" xlink:href="mtn-20240731.xsd#mtn_MountainRevenueNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_MountainRevenueNet_30d18816-5719-4978-939a-bf60bbb53e3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingRevenueNet_39621cb1-e8cd-4978-93dc-636e5956a21b" xlink:href="mtn-20240731.xsd#mtn_LodgingRevenueNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_LodgingRevenueNet_39621cb1-e8cd-4978-93dc-636e5956a21b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortRevenueNet_e2230f34-8cca-4616-addf-2bae2578fe66" xlink:href="mtn-20240731.xsd#mtn_ResortRevenueNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_ResortRevenueNet_e2230f34-8cca-4616-addf-2bae2578fe66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateRevenue_e66c0d19-8877-4fd9-b632-7db6a3c49986" xlink:href="mtn-20240731.xsd#mtn_RealEstateRevenue"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_RealEstateRevenue_e66c0d19-8877-4fd9-b632-7db6a3c49986" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_720c4262-bc40-495b-886c-1810b061ad52" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_Revenues_720c4262-bc40-495b-886c-1810b061ad52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainExpensesNet_4672f047-34ea-4202-a259-379efc643a3b" xlink:href="mtn-20240731.xsd#mtn_MountainExpensesNet"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_MountainExpensesNet_4672f047-34ea-4202-a259-379efc643a3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_LodgingExpensesNet_8f7fbbd9-6dd0-44e6-97f5-970ba2ed5758" xlink:href="mtn-20240731.xsd#mtn_LodgingExpensesNet"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_LodgingExpensesNet_8f7fbbd9-6dd0-44e6-97f5-970ba2ed5758" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ResortExpensesNet_ea37dce3-7170-4751-bc8b-e5dd89fea39b" xlink:href="mtn-20240731.xsd#mtn_ResortExpensesNet"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_ResortExpensesNet_ea37dce3-7170-4751-bc8b-e5dd89fea39b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RealEstateExpense_856a783a-0c11-46d4-b1eb-64c3db335bbe" xlink:href="mtn-20240731.xsd#mtn_RealEstateExpense"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_RealEstateExpense_856a783a-0c11-46d4-b1eb-64c3db335bbe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_OperatingCostsExpensesAndCostOfSales_fa413c8a-3625-4a9e-955d-520ab97732a7" xlink:href="mtn-20240731.xsd#mtn_OperatingCostsExpensesAndCostOfSales"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_OperatingCostsExpensesAndCostOfSales_fa413c8a-3625-4a9e-955d-520ab97732a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_GainOnSaleOfRealProperty_c79b8928-2aea-4040-a965-a0097bceb2ed" xlink:href="mtn-20240731.xsd#mtn_GainOnSaleOfRealProperty"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_GainOnSaleOfRealProperty_c79b8928-2aea-4040-a965-a0097bceb2ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_MountainEquityInvestmentIncomeLossNet_0f3788cb-3f2a-4f15-ba33-96ecd81eefb8" xlink:href="mtn-20240731.xsd#mtn_MountainEquityInvestmentIncomeLossNet"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_MountainEquityInvestmentIncomeLossNet_0f3788cb-3f2a-4f15-ba33-96ecd81eefb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_8e0ec46d-3403-4633-88b3-bcddc64fcb41" xlink:href="mtn-20240731.xsd#mtn_EarningBeforeInterestTaxesDepreciationAndAmortization"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_8e0ec46d-3403-4633-88b3-bcddc64fcb41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryRealEstate_83a0870b-a55e-4705-94ba-7ed92785cc88" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InventoryRealEstate"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_InventoryRealEstate_83a0870b-a55e-4705-94ba-7ed92785cc88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_e0964619-30c4-4d3c-a151-73316c2e8b61" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_e0964619-30c4-4d3c-a151-73316c2e8b61" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_d5ed94be-ad32-4c2a-877a-ae3fe8947a46" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_DepreciationAndAmortization_d5ed94be-ad32-4c2a-877a-ae3fe8947a46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets_3768b0a7-1e87-4b94-b7f0-adbc17fc945c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnDispositionOfAssets"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets_3768b0a7-1e87-4b94-b7f0-adbc17fc945c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ChangeinFairValueofContingentConsideration_45a0ea5f-bc12-41d6-96da-c8e653f20ad3" xlink:href="mtn-20240731.xsd#mtn_ChangeinFairValueofContingentConsideration"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_mtn_ChangeinFairValueofContingentConsideration_45a0ea5f-bc12-41d6-96da-c8e653f20ad3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_d97a0140-db7e-4446-a798-1bf4cd43050b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_InvestmentIncomeInterest_d97a0140-db7e-4446-a798-1bf4cd43050b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_e0e9a909-b419-480f-bb51-6de39ddad45c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_e0e9a909-b419-480f-bb51-6de39ddad45c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_c2723446-a76a-4d3a-9c7c-888ea13ded75" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_InterestExpense_c2723446-a76a-4d3a-9c7c-888ea13ded75" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_1e924950-3f55-43c5-abab-c521fd6c0e22" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_1e924950-3f55-43c5-abab-c521fd6c0e22" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_86edca24-72d3-438c-887c-1cccf9ef6d70" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_ProfitLoss_86edca24-72d3-438c-887c-1cccf9ef6d70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_24b711d1-8fd4-43dd-ae43-0c79854daaf2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_24b711d1-8fd4-43dd-ae43-0c79854daaf2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_590be5fd-ca62-4974-9b83-de2abb8e74cc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_NetIncomeLoss_590be5fd-ca62-4974-9b83-de2abb8e74cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_295f478a-f871-47b6-a138-a64844818479" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_295f478a-f871-47b6-a138-a64844818479" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_ae1bb53c-cdae-4769-8f1b-5722dab4c4d1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GainLossOnSaleOfPropertyPlantEquipment"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_c6da501b-5dba-44e7-87fc-4842811624d6" xlink:to="loc_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_ae1bb53c-cdae-4769-8f1b-5722dab4c4d1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SegmentInformationGeographicInformationDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentsGeographicalAreasAbstract_79f1bed3-b0d5-4f7e-abdf-bb10ad39b374" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentsGeographicalAreasAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentsGeographicalAreasAbstract_79f1bed3-b0d5-4f7e-abdf-bb10ad39b374" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementGeographicalAxis_a8055d9c-e550-4e90-b912-a811eccd908c" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementGeographicalAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_srt_StatementGeographicalAxis_a8055d9c-e550-4e90-b912-a811eccd908c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_47146fa9-9187-4bd6-8653-9c2ac4a47761" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementGeographicalAxis_a8055d9c-e550-4e90-b912-a811eccd908c" xlink:to="loc_srt_SegmentGeographicalDomain_47146fa9-9187-4bd6-8653-9c2ac4a47761" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeographicDistributionForeignMember_a70cc664-8877-4a3c-9aee-c9aa40285646" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeographicDistributionForeignMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_SegmentGeographicalDomain_47146fa9-9187-4bd6-8653-9c2ac4a47761" xlink:to="loc_us-gaap_GeographicDistributionForeignMember_a70cc664-8877-4a3c-9aee-c9aa40285646" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeographicDistributionDomesticMember_b9f771b2-d02a-4cac-a5e2-5a842cbbb050" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeographicDistributionDomesticMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_SegmentGeographicalDomain_47146fa9-9187-4bd6-8653-9c2ac4a47761" xlink:to="loc_us-gaap_GeographicDistributionDomesticMember_b9f771b2-d02a-4cac-a5e2-5a842cbbb050" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_country_CA_d78a1456-d70c-42b3-a8da-7807b01b5610" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_CA"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_SegmentGeographicalDomain_47146fa9-9187-4bd6-8653-9c2ac4a47761" xlink:to="loc_country_CA_d78a1456-d70c-42b3-a8da-7807b01b5610" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis_447a0eda-1cb1-46e2-9ed7-53e09ca96edd" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidationItemsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_srt_ConsolidationItemsAxis_447a0eda-1cb1-46e2-9ed7-53e09ca96edd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_45edcc81-1e81-40a2-afd0-2623d2dde470" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ConsolidationItemsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsAxis_447a0eda-1cb1-46e2-9ed7-53e09ca96edd" xlink:to="loc_srt_ConsolidationItemsDomain_45edcc81-1e81-40a2-afd0-2623d2dde470" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_4fd2ee65-6c64-48e1-b350-c384ab5f0552" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_4fd2ee65-6c64-48e1-b350-c384ab5f0552" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_a4a1140c-789c-4d74-872d-8cc28b999af7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_4fd2ee65-6c64-48e1-b350-c384ab5f0552" xlink:to="loc_us-gaap_SegmentDomain_a4a1140c-789c-4d74-872d-8cc28b999af7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsAxis_98a60f64-448c-4250-8625-dda79d388407" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_us-gaap_SubsegmentsAxis_98a60f64-448c-4250-8625-dda79d388407" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsDomain_715db368-a623-4ca2-9ada-a2711a2e85e8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsegmentsAxis_98a60f64-448c-4250-8625-dda79d388407" xlink:to="loc_us-gaap_SubsegmentsDomain_715db368-a623-4ca2-9ada-a2711a2e85e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsConsolidationItemsAxis_eaa0519e-3852-4031-929d-efeb5e9b99ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsConsolidationItemsAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_us-gaap_SubsegmentsConsolidationItemsAxis_eaa0519e-3852-4031-929d-efeb5e9b99ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsegmentsConsolidationItemsDomain_c6cfbdf2-cb17-4cea-b3ae-eeefdbf3fc4f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsegmentsConsolidationItemsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsegmentsConsolidationItemsAxis_eaa0519e-3852-4031-929d-efeb5e9b99ce" xlink:to="loc_us-gaap_SubsegmentsConsolidationItemsDomain_c6cfbdf2-cb17-4cea-b3ae-eeefdbf3fc4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_cba1e145-086b-45ba-9efd-8465ce8d16b4" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_3a56adda-4972-4f7e-aa24-f8ddcd23dde8" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_cba1e145-086b-45ba-9efd-8465ce8d16b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_a035316c-0071-4b1a-9255-52d75dac1ef2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_Revenues"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_cba1e145-086b-45ba-9efd-8465ce8d16b4" xlink:to="loc_us-gaap_Revenues_a035316c-0071-4b1a-9255-52d75dac1ef2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncurrentAssets_5efe6b10-0a12-4bfd-81af-4d3f15a684ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncurrentAssets"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_cba1e145-086b-45ba-9efd-8465ce8d16b4" xlink:to="loc_us-gaap_NoncurrentAssets_5efe6b10-0a12-4bfd-81af-4d3f15a684ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable_d5a910e6-3c72-4244-a8c1-ecfb020fc9ab" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentsGeographicalAreasAbstract_79f1bed3-b0d5-4f7e-abdf-bb10ad39b374" xlink:to="loc_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable_d5a910e6-3c72-4244-a8c1-ecfb020fc9ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementGeographicalAxis_dc449d95-4fae-42f5-b073-5dbec0721a04" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementGeographicalAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable_d5a910e6-3c72-4244-a8c1-ecfb020fc9ab" xlink:to="loc_srt_StatementGeographicalAxis_dc449d95-4fae-42f5-b073-5dbec0721a04" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_218cae44-300a-4447-9c16-cefbd9f9734e" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeographicDistributionDomesticMember_d2f6a837-7d6b-40c4-985e-738eae474005" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeographicDistributionDomesticMember"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeographicDistributionForeignMember_8ac79e89-ac2d-453d-92b6-81e3f44ee19a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_GeographicDistributionForeignMember"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems_80775b3d-fd17-47a9-931d-f21a60279bb5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable_d5a910e6-3c72-4244-a8c1-ecfb020fc9ab" xlink:to="loc_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems_80775b3d-fd17-47a9-931d-f21a60279bb5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncurrentAssets_2c5bb131-7b50-4107-b0b7-afbe0ff88326" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncurrentAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems_80775b3d-fd17-47a9-931d-f21a60279bb5" xlink:to="loc_us-gaap_NoncurrentAssets_2c5bb131-7b50-4107-b0b7-afbe0ff88326" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable_673ec4f3-8a9c-4bd0-9665-75993e000f9e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentsGeographicalAreasAbstract_79f1bed3-b0d5-4f7e-abdf-bb10ad39b374" xlink:to="loc_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable_673ec4f3-8a9c-4bd0-9665-75993e000f9e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementGeographicalAxis_eef62f3d-d2f7-4f87-92d9-71394eafab96" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementGeographicalAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable_673ec4f3-8a9c-4bd0-9665-75993e000f9e" xlink:to="loc_srt_StatementGeographicalAxis_eef62f3d-d2f7-4f87-92d9-71394eafab96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_SegmentGeographicalDomain_0fceb07e-2cd4-4771-8fef-38618240c436" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_SegmentGeographicalDomain"/>
    <link:loc xlink:type="locator" xlink:label="loc_country_CA_97360f4e-44ef-44f6-9deb-1ecf91bc2048" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_CA"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EntityWideRevenueMajorCustomerLineItems_ac8c0cac-f594-468c-bbc4-dedcb5b98124" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EntityWideRevenueMajorCustomerLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable_673ec4f3-8a9c-4bd0-9665-75993e000f9e" xlink:to="loc_us-gaap_EntityWideRevenueMajorCustomerLineItems_ac8c0cac-f594-468c-bbc4-dedcb5b98124" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncurrentAssets_c213404c-d14b-4d61-bcd3-f205cb067ff1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_NoncurrentAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EntityWideRevenueMajorCustomerLineItems_ac8c0cac-f594-468c-bbc4-dedcb5b98124" xlink:to="loc_us-gaap_NoncurrentAssets_c213404c-d14b-4d61-bcd3-f205cb067ff1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockRepurchasePlanDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockRepurchasePlanDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/StockRepurchasePlanDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract_b7d9895f-1438-4930-b204-ac0de05e698b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesTable_f4319eee-29ba-48f6-ac9e-4f21349f3973" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract_b7d9895f-1438-4930-b204-ac0de05e698b" xlink:to="loc_us-gaap_AcceleratedShareRepurchasesTable_f4319eee-29ba-48f6-ac9e-4f21349f3973" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesDateAxis_d5fbf17f-31c4-4063-9c6f-25a5326061b5" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesDateAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesTable_f4319eee-29ba-48f6-ac9e-4f21349f3973" xlink:to="loc_us-gaap_AcceleratedShareRepurchasesDateAxis_d5fbf17f-31c4-4063-9c6f-25a5326061b5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesDateDomain_af5d52db-f908-4194-a7ef-1a19ce564380" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesDateDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesDateAxis_d5fbf17f-31c4-4063-9c6f-25a5326061b5" xlink:to="loc_us-gaap_AcceleratedShareRepurchasesDateDomain_af5d52db-f908-4194-a7ef-1a19ce564380" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_e5426109-31bf-456d-ade7-3bc221346ab8" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesTable_f4319eee-29ba-48f6-ac9e-4f21349f3973" xlink:to="loc_srt_StatementScenarioAxis_e5426109-31bf-456d-ade7-3bc221346ab8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_046f88d1-e874-44b4-bfa0-c180f4c34364" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_e5426109-31bf-456d-ade7-3bc221346ab8" xlink:to="loc_srt_ScenarioUnspecifiedDomain_046f88d1-e874-44b4-bfa0-c180f4c34364" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_d0fc763d-e3e9-498d-9f69-97ea7a952fa6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScenarioUnspecifiedDomain_046f88d1-e874-44b4-bfa0-c180f4c34364" xlink:to="loc_srt_ScenarioForecastMember_d0fc763d-e3e9-498d-9f69-97ea7a952fa6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AcceleratedShareRepurchasesLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesTable_f4319eee-29ba-48f6-ac9e-4f21349f3973" xlink:to="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockSharesAcquired_bd5dd369-c4cf-4e9c-9fc3-48379a3e0f93" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockSharesAcquired"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_us-gaap_TreasuryStockSharesAcquired_bd5dd369-c4cf-4e9c-9fc3-48379a3e0f93" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonShares_99a4d902-e0b4-485e-af93-6f59b5c2f88e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonShares"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_us-gaap_TreasuryStockCommonShares_99a4d902-e0b4-485e-af93-6f59b5c2f88e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_d729f4b5-ebd2-4ce2-a1a9-70184d7c3298" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_d729f4b5-ebd2-4ce2-a1a9-70184d7c3298" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased_d81df1f2-9e90-468c-8938-9d7d2cf6b1cd" xlink:href="mtn-20240731.xsd#mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased_d81df1f2-9e90-468c-8938-9d7d2cf6b1cd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_8825fb3b-e492-41bc-a86f-8537a9711d8c" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AcceleratedShareRepurchasesLineItems_4fc6220a-1824-4ee0-bd61-9f37a74914db" xlink:to="loc_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_8825fb3b-e492-41bc-a86f-8537a9711d8c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_3a96a8f7-6a84-4992-b8fa-bc80c010eb46" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract_b7d9895f-1438-4930-b204-ac0de05e698b" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_3a96a8f7-6a84-4992-b8fa-bc80c010eb46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_5a7a35f1-3cd1-4ce7-979d-0b5694eae34e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract_b7d9895f-1438-4930-b204-ac0de05e698b" xlink:to="loc_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_5a7a35f1-3cd1-4ce7-979d-0b5694eae34e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonShares_dbecd3bf-88aa-43b3-88cb-bd2068e68fb3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_TreasuryStockCommonShares"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract_b7d9895f-1438-4930-b204-ac0de05e698b" xlink:to="loc_us-gaap_TreasuryStockCommonShares_dbecd3bf-88aa-43b3-88cb-bd2068e68fb3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased_fe22cdaf-1b2d-4230-bbcb-f79157a20faf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract_b7d9895f-1438-4930-b204-ac0de05e698b" xlink:to="loc_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased_fe22cdaf-1b2d-4230-bbcb-f79157a20faf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent_25de7109-3239-4153-bca6-f24dee43e551" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfEquityAbstract_b7d9895f-1438-4930-b204-ac0de05e698b" xlink:to="loc_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent_25de7109-3239-4153-bca6-f24dee43e551" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlanNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_8d668ed4-8ce4-4dab-9d7a-b7b954cf9c51" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_8d668ed4-8ce4-4dab-9d7a-b7b954cf9c51" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_b22d6d83-72d1-40fd-a4ea-9fc1019cc190" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:to="loc_srt_RangeAxis_b22d6d83-72d1-40fd-a4ea-9fc1019cc190" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_e814d78c-0337-4ca1-83c8-b4af925af243" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_b22d6d83-72d1-40fd-a4ea-9fc1019cc190" xlink:to="loc_srt_RangeMember_e814d78c-0337-4ca1-83c8-b4af925af243" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_331032ef-a6c5-48e6-8fcc-464c84a57c8a" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_e814d78c-0337-4ca1-83c8-b4af925af243" xlink:to="loc_srt_MaximumMember_331032ef-a6c5-48e6-8fcc-464c84a57c8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_11757937-29c4-4d07-a2b8-76bc760a1bb8" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_e814d78c-0337-4ca1-83c8-b4af925af243" xlink:to="loc_srt_MinimumMember_11757937-29c4-4d07-a2b8-76bc760a1bb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseAxis_5c0f2332-6e9c-4d10-83e4-56ef8124df3e" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:to="loc_mtn_UnrecognizedCompensationExpenseAxis_5c0f2332-6e9c-4d10-83e4-56ef8124df3e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_UnrecognizedCompensationExpenseDomain_3a5e6172-8176-41db-a234-c4269fef6f46" xlink:href="mtn-20240731.xsd#mtn_UnrecognizedCompensationExpenseDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_UnrecognizedCompensationExpenseAxis_5c0f2332-6e9c-4d10-83e4-56ef8124df3e" xlink:to="loc_mtn_UnrecognizedCompensationExpenseDomain_3a5e6172-8176-41db-a234-c4269fef6f46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ExpectedToBeRecognizedInOneYearMember_1e97d344-0a71-4fcf-9ed3-a4b47e2ad1a7" xlink:href="mtn-20240731.xsd#mtn_ExpectedToBeRecognizedInOneYearMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_mtn_UnrecognizedCompensationExpenseDomain_3a5e6172-8176-41db-a234-c4269fef6f46" xlink:to="loc_mtn_ExpectedToBeRecognizedInOneYearMember_1e97d344-0a71-4fcf-9ed3-a4b47e2ad1a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_e5e6e3ca-6cc5-4604-abd9-40ea34f78f50" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:to="loc_srt_StatementScenarioAxis_e5e6e3ca-6cc5-4604-abd9-40ea34f78f50" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_7333f0e6-5b9a-4343-96f4-41e5b2e5e34f" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_e5e6e3ca-6cc5-4604-abd9-40ea34f78f50" xlink:to="loc_srt_ScenarioUnspecifiedDomain_7333f0e6-5b9a-4343-96f4-41e5b2e5e34f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_9d1ee6a3-59d4-4d40-b505-3987c992bdc6" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_ScenarioForecastMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScenarioUnspecifiedDomain_7333f0e6-5b9a-4343-96f4-41e5b2e5e34f" xlink:to="loc_srt_ScenarioForecastMember_9d1ee6a3-59d4-4d40-b505-3987c992bdc6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_0f987c39-43d0-464e-ae34-2e73f90a55c3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AwardTypeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:to="loc_us-gaap_AwardTypeAxis_0f987c39-43d0-464e-ae34-2e73f90a55c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ab4dc4ee-f687-48d2-bdbb-3c7f11eb5bab" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_0f987c39-43d0-464e-ae34-2e73f90a55c3" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ab4dc4ee-f687-48d2-bdbb-3c7f11eb5bab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockAppreciationRightsSARSMember_a2ec66f2-9723-4094-ae1f-b5cf4a3c8605" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockAppreciationRightsSARSMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ab4dc4ee-f687-48d2-bdbb-3c7f11eb5bab" xlink:to="loc_us-gaap_StockAppreciationRightsSARSMember_a2ec66f2-9723-4094-ae1f-b5cf4a3c8605" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RestrictedStockUnitsRsusMember_6707fe4c-3540-469f-868f-58c82b98b0d4" xlink:href="mtn-20240731.xsd#mtn_RestrictedStockUnitsRsusMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ab4dc4ee-f687-48d2-bdbb-3c7f11eb5bab" xlink:to="loc_mtn_RestrictedStockUnitsRsusMember_6707fe4c-3540-469f-868f-58c82b98b0d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ae859c85-dff9-4374-ac4b-0b2b70c55587" xlink:to="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_0e2f4812-44e4-4ec8-97e5-b7b5ea2c4111" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_0e2f4812-44e4-4ec8-97e5-b7b5ea2c4111" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_a30b3ae0-5835-4ee2-9690-08c85a6d7471" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_a30b3ae0-5835-4ee2-9690-08c85a6d7471" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_07362caa-c0e2-4941-b1df-5fe80ae52fa1" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_07362caa-c0e2-4941-b1df-5fe80ae52fa1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_726340e2-7639-43da-899d-f4b1b21d0f5f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_726340e2-7639-43da-899d-f4b1b21d0f5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_20317ba2-e72d-4c9d-b087-2504b427884e" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_20317ba2-e72d-4c9d-b087-2504b427884e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_ee4fa734-4905-4cfa-b158-41bf1f0e525d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_ee4fa734-4905-4cfa-b158-41bf1f0e525d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_daec9f60-1668-4353-a992-7702c13938ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_daec9f60-1668-4353-a992-7702c13938ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c4b3d960-f7fd-49ce-bac0-183c9424a389" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c4b3d960-f7fd-49ce-bac0-183c9424a389" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_87411080-fdde-48f9-813f-b86daf73716a" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_87411080-fdde-48f9-813f-b86daf73716a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_5cb753f2-e1cc-43d2-b600-81d8753ef389" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_5cb753f2-e1cc-43d2-b600-81d8753ef389" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_de91e967-759d-4dcf-80e0-c7cb72f2a9d0" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_de91e967-759d-4dcf-80e0-c7cb72f2a9d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions_06ccb911-248c-471d-aecd-77640c61850f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions_06ccb911-248c-471d-aecd-77640c61850f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_f5d2a5de-6828-4dd8-a607-5ae7fff0b3ee" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_6a42f877-5a84-4a05-a1f3-59fa84fff9af" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_f5d2a5de-6828-4dd8-a607-5ae7fff0b3ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_7760168b-7997-4f43-9224-84cf7f87aa12" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_9e8fbf8b-cb5d-4b9c-b5be-7de438349edf" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_7760168b-7997-4f43-9224-84cf7f87aa12" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_9e8fbf8b-cb5d-4b9c-b5be-7de438349edf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_099f68a8-8c22-4e95-ae2a-277e7fcfae96" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_9e8fbf8b-cb5d-4b9c-b5be-7de438349edf" xlink:to="loc_srt_RangeAxis_099f68a8-8c22-4e95-ae2a-277e7fcfae96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_df7d8ad1-9936-4522-83fc-5764a29f3518" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_099f68a8-8c22-4e95-ae2a-277e7fcfae96" xlink:to="loc_srt_RangeMember_df7d8ad1-9936-4522-83fc-5764a29f3518" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_24d7937c-c9a0-450d-b78f-a4b8731039d5" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_df7d8ad1-9936-4522-83fc-5764a29f3518" xlink:to="loc_srt_MinimumMember_24d7937c-c9a0-450d-b78f-a4b8731039d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_e23a7162-0225-4f58-ba37-82f0e4fd956e" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_df7d8ad1-9936-4522-83fc-5764a29f3518" xlink:to="loc_srt_MaximumMember_e23a7162-0225-4f58-ba37-82f0e4fd956e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_9e8fbf8b-cb5d-4b9c-b5be-7de438349edf" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_393958da-6bc2-4bdf-b29a-5075983990ac" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_393958da-6bc2-4bdf-b29a-5075983990ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_7484224a-cfa6-49f6-8e91-561871ed8478" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_7484224a-cfa6-49f6-8e91-561871ed8478" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_b7328941-2d20-4006-a8eb-e3259e44756d" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_b7328941-2d20-4006-a8eb-e3259e44756d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum_b66cdc92-bb2e-4d1c-8b3f-58a65e1771bc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum_b66cdc92-bb2e-4d1c-8b3f-58a65e1771bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum_0585a026-e12e-41da-842b-dfca9d57f772" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_04f6b587-581f-46ef-9970-b6bd6c658b5b" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum_0585a026-e12e-41da-842b-dfca9d57f772" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_374ecf85-5007-450a-82be-d3b43ada7a01" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_374ecf85-5007-450a-82be-d3b43ada7a01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod_f74d7392-8efd-4b58-8a0d-015e1e905740" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod_f74d7392-8efd-4b58-8a0d-015e1e905740" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised_cd0d39b3-dc87-4e53-8e3e-19713f2b4154" xlink:href="mtn-20240731.xsd#mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised_cd0d39b3-dc87-4e53-8e3e-19713f2b4154" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod_24c5e9ef-e712-4a25-b2fc-bc7020121363" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod_24c5e9ef-e712-4a25-b2fc-bc7020121363" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_5d023e1b-3c6a-4383-b28e-5fa7a7b93a08" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_5d023e1b-3c6a-4383-b28e-5fa7a7b93a08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber_c25dd823-3659-48d2-bffa-f31f3e467b9a" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber_c25dd823-3659-48d2-bffa-f31f3e467b9a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice_c7e1c1d4-e871-49b7-aa7f-318d4d24bf0c" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice_c7e1c1d4-e871-49b7-aa7f-318d4d24bf0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice_d9fd6e8a-1777-424d-8501-57327b0e1419" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice_d9fd6e8a-1777-424d-8501-57327b0e1419" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice_92541c1d-9c32-4118-aecf-d0841c8c4d3f" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice_92541c1d-9c32-4118-aecf-d0841c8c4d3f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_08eed503-a455-4be7-888c-9ecf1fa9da2c" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_08eed503-a455-4be7-888c-9ecf1fa9da2c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice_c6b374de-16ee-4544-98db-80a83a8599ed" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice_c6b374de-16ee-4544-98db-80a83a8599ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice_2042fcd4-3cb1-4d79-be1b-aa4bef1994aa" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice_2042fcd4-3cb1-4d79-be1b-aa4bef1994aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm_70fa4f5c-ee85-4320-aa02-5e6762ddbae0" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm_70fa4f5c-ee85-4320-aa02-5e6762ddbae0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm_706d6b95-a72e-46d0-989d-d1cf40cc2813" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm_706d6b95-a72e-46d0-989d-d1cf40cc2813" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue_d11257db-ee6f-4fc9-bd56-279e0b1763f7" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue_d11257db-ee6f-4fc9-bd56-279e0b1763f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_1ccf2ba7-00c0-4eac-95ae-bd1985a1d896" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_1ccf2ba7-00c0-4eac-95ae-bd1985a1d896" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_77199e65-10e7-4a6a-adca-55faf45b83ce" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_77199e65-10e7-4a6a-adca-55faf45b83ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_d844bc73-e4a3-4553-8466-e65ad668b420" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_d844bc73-e4a3-4553-8466-e65ad668b420" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_c2ac6246-b934-4a74-8778-b513e91a0874" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_c2ac6246-b934-4a74-8778-b513e91a0874" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue_ffab956c-11fd-49d5-a547-ea80b1c14dfe" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_35acbdfd-b6ad-40ec-9407-9e996d92f746" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue_ffab956c-11fd-49d5-a547-ea80b1c14dfe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_9fb8abcb-34d0-4e60-8e60-e5ff2c42d2ec" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_af78992c-b97e-40cf-abd7-9442808ff6d8" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_9fb8abcb-34d0-4e60-8e60-e5ff2c42d2ec" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_af78992c-b97e-40cf-abd7-9442808ff6d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_b2357fcf-17af-441c-b8cc-c9c521656bfe" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AwardTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_af78992c-b97e-40cf-abd7-9442808ff6d8" xlink:to="loc_us-gaap_AwardTypeAxis_b2357fcf-17af-441c-b8cc-c9c521656bfe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_2ba42c12-e792-44c7-b34a-a71c32573418" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_b2357fcf-17af-441c-b8cc-c9c521656bfe" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_2ba42c12-e792-44c7-b34a-a71c32573418" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockAppreciationRightsSARSMember_c820ff33-543a-49b3-8268-7bbc6985a9d2" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StockAppreciationRightsSARSMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_2ba42c12-e792-44c7-b34a-a71c32573418" xlink:to="loc_us-gaap_StockAppreciationRightsSARSMember_c820ff33-543a-49b3-8268-7bbc6985a9d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_af78992c-b97e-40cf-abd7-9442808ff6d8" xlink:to="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_36306267-beb6-48e3-b4bd-bd58e4adb38b" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber_36306267-beb6-48e3-b4bd-bd58e4adb38b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod_a040ca67-505c-49eb-8075-63d49f0e9c0e" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod_a040ca67-505c-49eb-8075-63d49f0e9c0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod_78e21f88-940b-4f43-9121-1d7b90013aa3" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsVestedInPeriod"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod_78e21f88-940b-4f43-9121-1d7b90013aa3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod_f3238988-e738-4ddc-830a-065af8d5ab05" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod_f3238988-e738-4ddc-830a-065af8d5ab05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_fe554eab-7ed0-4be3-9311-35d3744a13d3" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_fe554eab-7ed0-4be3-9311-35d3744a13d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue_518a736c-205c-4f00-8580-3275cf1d0d20" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue_518a736c-205c-4f00-8580-3275cf1d0d20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue_bbae1429-d032-44f6-aa56-ba5669fd09fd" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue_bbae1429-d032-44f6-aa56-ba5669fd09fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue_975c72da-6403-42d5-a267-abd30f80f2e1" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue_975c72da-6403-42d5-a267-abd30f80f2e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_53818ef7-5329-4e88-8c65-1c887e367c25" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_40b4b404-640b-4483-ae0e-ca1ab5077636" xlink:to="loc_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue_53818ef7-5329-4e88-8c65-1c887e367c25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_b4e0d7c5-bcc9-479a-ba86-c1fbb418b5ef" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_528fab13-bacc-4bc9-97eb-05c49fbf1df3" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_b4e0d7c5-bcc9-479a-ba86-c1fbb418b5ef" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_528fab13-bacc-4bc9-97eb-05c49fbf1df3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_875fa497-2b38-43f7-9a81-00e80b2c5245" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_AwardTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_528fab13-bacc-4bc9-97eb-05c49fbf1df3" xlink:to="loc_us-gaap_AwardTypeAxis_875fa497-2b38-43f7-9a81-00e80b2c5245" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_f7f2c438-3820-47b3-9d08-ac2ecbafa640" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_875fa497-2b38-43f7-9a81-00e80b2c5245" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_f7f2c438-3820-47b3-9d08-ac2ecbafa640" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_RestrictedStockUnitsRsusMember_0f6b84ca-312b-4cbd-8814-8808cd5576e6" xlink:href="mtn-20240731.xsd#mtn_RestrictedStockUnitsRsusMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_f7f2c438-3820-47b3-9d08-ac2ecbafa640" xlink:to="loc_mtn_RestrictedStockUnitsRsusMember_0f6b84ca-312b-4cbd-8814-8808cd5576e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_528fab13-bacc-4bc9-97eb-05c49fbf1df3" xlink:to="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_30bc7574-4571-4fdc-a422-e67d2aca5ed6" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_30bc7574-4571-4fdc-a422-e67d2aca5ed6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod_d2d1b198-63fb-4c6e-8e6e-3da9dd33434d" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod_d2d1b198-63fb-4c6e-8e6e-3da9dd33434d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod_e436536a-11d7-49c2-88e1-77acbc0255ce" xlink:href="mtn-20240731.xsd#mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod_e436536a-11d7-49c2-88e1-77acbc0255ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod_eda30811-37a4-4666-b4f8-3c55149867b9" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod_eda30811-37a4-4666-b4f8-3c55149867b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_a4fd9c90-13d4-4489-8fff-9902636956a7" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber_a4fd9c90-13d4-4489-8fff-9902636956a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_05435fc0-eeb2-4cdc-aa55-320334683240" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_05435fc0-eeb2-4cdc-aa55-320334683240" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue_b61b4588-9549-4b72-a6a1-45c3f9151210" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue_b61b4588-9549-4b72-a6a1-45c3f9151210" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue_28f849e4-358e-4f9e-878e-7e3ae88a3c3d" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue_28f849e4-358e-4f9e-878e-7e3ae88a3c3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue_0e326aad-2813-4c32-85f7-faed6bf00a8c" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue_0e326aad-2813-4c32-85f7-faed6bf00a8c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_60f94d41-0be3-49dd-9fe0-59196e90c462" xlink:href="mtn-20240731.xsd#mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_cdf5accc-07ea-4ea8-81e3-4a83922c6374" xlink:to="loc_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue_60f94d41-0be3-49dd-9fe0-59196e90c462" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#RetirementandProfitSharingPlansDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_fecbe067-dc39-47c1-91e4-10ef21ce6cfc" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DefinedContributionPlanEmployeeContributionPercentage_bebbafee-b8c4-4132-81f3-a4181c3c81bf" xlink:href="mtn-20240731.xsd#mtn_DefinedContributionPlanEmployeeContributionPercentage"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_fecbe067-dc39-47c1-91e4-10ef21ce6cfc" xlink:to="loc_mtn_DefinedContributionPlanEmployeeContributionPercentage_bebbafee-b8c4-4132-81f3-a4181c3c81bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent_5a86a86a-dfd0-4c35-a308-43a9b2469f9f" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_fecbe067-dc39-47c1-91e4-10ef21ce6cfc" xlink:to="loc_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent_5a86a86a-dfd0-4c35-a308-43a9b2469f9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DefinedContributionPlanEmployerContributionPercentage_f28a108f-8159-48cc-ac05-11b3bf361d15" xlink:href="mtn-20240731.xsd#mtn_DefinedContributionPlanEmployerContributionPercentage"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_fecbe067-dc39-47c1-91e4-10ef21ce6cfc" xlink:to="loc_mtn_DefinedContributionPlanEmployerContributionPercentage_f28a108f-8159-48cc-ac05-11b3bf361d15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths_2b0b65ea-03d8-4535-83ad-b22d5b391768" xlink:href="mtn-20240731.xsd#mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_fecbe067-dc39-47c1-91e4-10ef21ce6cfc" xlink:to="loc_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths_2b0b65ea-03d8-4535-83ad-b22d5b391768" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours_bd8243e7-97e0-4ded-b6c6-6b066af870b8" xlink:href="mtn-20240731.xsd#mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_fecbe067-dc39-47c1-91e4-10ef21ce6cfc" xlink:to="loc_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours_bd8243e7-97e0-4ded-b6c6-6b066af870b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours_1395ada3-fe8d-49ec-b0d9-966676176a7e" xlink:href="mtn-20240731.xsd#mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_fecbe067-dc39-47c1-91e4-10ef21ce6cfc" xlink:to="loc_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours_1395ada3-fe8d-49ec-b0d9-966676176a7e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DefinedContributionPlanCostRecognized_d013863f-570f-4a09-9621-6a1f2dee51ae" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_DefinedContributionPlanCostRecognized"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_fecbe067-dc39-47c1-91e4-10ef21ce6cfc" xlink:to="loc_us-gaap_DefinedContributionPlanCostRecognized_d013863f-570f-4a09-9621-6a1f2dee51ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.vailresorts.com/role/SubsequentEventsDetails" xlink:type="simple" xlink:href="mtn-20240731.xsd#SubsequentEventsDetails"/>
  <link:presentationLink xlink:role="http://www.vailresorts.com/role/SubsequentEventsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsAbstract_d5bc8d96-7328-4d87-b74c-e84de5a9aaf7" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_SubsequentEventsAbstract"/>
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>mtn-20240731_g1.jpg
<TEXT>
begin 644 mtn-20240731_g1.jpg
M_]C_X  02D9)1@ ! 0$!+ $L  #_[@ .061O8F4 9       _^$ 2D5X:68
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M# P,#/_  !0( .L%&P0!$0 "$0 #$0 $$0#_Q  ?    !P$! 0$!
M   $!0,"!@$ !P@)"@O_Q "U$  " 0,# @0"!@<#! (& G,! @,1!  %(1(Q
M05$&$V$B<8$4,I&A!Q6Q0B/!4M'A,Q9B\"1R@O$E0S13DJ*R8W/"-40GDZ.S
M-A=49'3#TN(()H,)"A@9A)1%1J2T5M-5*!KRX_/$U.3T976%E:6UQ=7E]69V
MAI:FML;6YO8W1U=G=X>7I[?'U^?W.$A8:'B(F*BXR-CH^"DY25EI>8F9J;G)
MV>GY*CI*6FIZBIJJNLK:ZOK_V@ .! $  @ #  0  #\ ^_F??S/OYD"_-S_G
M[#_SF'^3OYG^>_RN\Q_E_P#E7^F/(VM7>DW,WZ(UU%G2"0B&YC!URO">/C*G
M^2PS9LV<Z_Z+5_\ .4__ %(/Y5?]PK7/^\YFS9LF7Y=_\_HOSQO//GDZS_,G
MR7^7=CY O-8L[?SEJ&D:=K$=];:;+,J7,]NTNK7"<XHR7 ,;5I2F^;-FS])$
M4L5Q%%/!*DT$R+)#-&P9'1A565A4$$&H(S9LV*9LV;-FS9LV;-FS9LV;-FS9
MLV;-FS9LV;-FS9L\B?\ .;O_ #DTW_.*?Y#ZS^9&EVNGZIYRO+^TT7R+HNJ"
M1K2YU"Y<NYG2&6&5DBMHI92$<$E0M1RKFS9L^'G_ $6K_P"<I_\ J0?RJ_[A
M6N?]YS-FS9O^BU?_ #E/_P!2#^57_<*US_O.9LV;/IA_S[K_ .<P_P#G(?\
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MW_10#\Y/^I:\F?\ 2'J/_>1S9LV;_HH!^<G_ %+7DS_I#U'_ +R.;-FS?]%
M/SD_ZEKR9_TAZC_WD<V;-F_Z* ?G)_U+7DS_ *0]1_[R.;-FS?\ 10#\Y/\
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M,EI8W%U&K<6DBB=U#  TJH.^^;-FQ?\ 0FL_]6B]_P"D>3_FG-FS9OT)K/\
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M-FS9L&6^G:A=H9+2QN+J-6XM)%$[J& !I50=]\V;-B_Z$UG_ *M%[_TCR?\
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M3N1#<QR(">H /?-FS9VC-FS9LV;-FS9LV;-FS9LV;-GSA_Y^P?\ K$GYC_\
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M^?L'_K$GYC_]M7R[_P!U>VS9LV?DAS9LV;-FS9^I[_GS;_ZR/J7_ )L#6?\
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MZ5HNIM<^4[B7?U]&O@+FP?GT8B&14<C]M6'4$9LV;/.F;-FSNW_.,WYS7_\
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M\L_G98F]N&C "1ZYIJQV]^M -O5C:":IW9WD/8YLV;/DOFS9L[!^0/YNZO\
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M6Y4GV7VS9LV?5'-FS9&?.O\ RAOFW_MC7_\ U#OFS9L_.#FS9LV;-FSZ&?\
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M;-FSS-_SF)_ZSE^8O_;H_P"ZO99LV;/AIFS9LV;-FSZ__P#/O_\ \DWYE_\
M SO/^Z=IV;-FSW+FS9LV;-FS9LV;-FS9LV;-FS9LV;"S6M'T_P PZ/JN@ZM;
MK=:7K5I-8ZC;-N)(;A#'(N_BK'-FS9^?;\V/RUUK\IO/.M>3=:1F^I2F32M0
M*T2\LG)]"X3M\2BC ?98,O;-FS9S?-FS9LV;-FS9LV"K.]O=/G6ZL+N:QN4^
MQ<6\C1..^S(01TS9LV=5T'\__P ZO+? :5^9NOK''7TX+N[>]B6O6D=UZJ#[
MLV;-G:]!_P"<Z?SQTGTUU-]#\SH*"1K^P]%V ZD&R>W4$_ZM/;-FS9VK0/\
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M9Z9LV;/L/FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9L^#?\
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MZ3Y_^R7-FS9O^A#OSN_Y:_+/_2?/_P!DN;-FS?\ 0AWYW?\ +7Y9_P"D^?\
M[)<V;-D)_,+_ )Q(_-O\MO*NH^<=:CTF_P!(TG@VHKIEU)/-%&[!/5*/#'5%
M)'(@[=:4!(V;-GF+-FS9LV;-DU_+O2/*FO\ G+0M$\ZZU<>7/+VJW M;O7+=
M4<VSR K%(XD^'AS(#G]E:MVS9LV?7?R9_P X5?DAY5F@O;[3[_SI=1'G&=;N
M ]OR\?J]ND,;CVD##-FS9ZOLK*STVTM[#3K2&PL;1!':V=O&L442+T5$0!5
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MS9LV;-FS9LV;-FS9L\S?\YB?^LY?F+_VZ/\ NKV6;-FSX:9LV;-FS9L^O_\
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MCZE_YL#6?^H33\V;-GU>S9LV;-FS9^0+_GZ/_P"MV?GG_P""S_XC&DYLV;/
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M\G9?S>_,FPMKZT,WD_RVR:CYLE8'TWB5JQ6I/C<..)%0> <C[.;-FS[K
M"@&P S9LV7FS9LC/G7_E#?-O_;&O_P#J'?-FS9^<'-FS9LV;-GT,_P"?>G_*
M9?F'_P!L:U_ZB#FS9L^K&;-FS9LV;-FS9LV;-FS9LV;/EK_SG)^1_P"C;^/\
MX_+=I2PU.2.U\[6T2FD5T?AAO338++M&YV^/B=RYS9LV?.7-FS9LV;-GLO\
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MH6.*&)0D<:*-@JJ  ,V;-@K-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9\3_\
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M-FS[[9LV;-FS9L^.'_.77_./%Q^6_F&Y\_>5;(MY"\R7)>Z@B4D:7?3$EHF
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M9LV;-FS9LV;-D9\Z_P#*&^;?^V-?_P#4.^;-FS\X.;-FS9LV;/H9_P ^]/\
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M/U;4+:YDY.00/@B:GOFS9L^8G_0COY\_\L&B_P#<23_FG-FS9O\ H1W\^?\
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M 'D,V;-F_P"BR7_.(_\ U;?S _[@UI_WD,V;-F_Z+)?\XC_]6W\P/^X-:?\
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M *+)?\XC_P#5M_,#_N#6G_>0S9LV;_HLE_SB/_U;?S _[@UI_P!Y#-FS9O\
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M -6W\P/^X-:?]Y#-FS9O^BR7_.(__5M_,#_N#6G_ 'D,V;-F_P"BR7_.(_\
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M 'D,V;-F_P"BR7_.(_\ U;?S _[@UI_WD,V;-F_Z+)?\XC_]6W\P/^X-:?\
M>0S9LV;_ *+)?\XC_P#5M_,#_N#6G_>0S9LV;_HLE_SB/_U;?S _[@UI_P!Y
M#-FS9O\ HLE_SB/_ -6W\P/^X-:?]Y#-FS9O^BR7_.(__5M_,#_N#6G_ 'D,
MV;-F_P"BR7_.(_\ U;?S _[@UI_WD,V;-F_Z+)?\XC_]6W\P/^X-:?\ >0S9
MLV;_ *+)?\XC_P#5M_,#_N#6G_>0S9LV;_HLE_SB/_U;?S _[@UI_P!Y#-FS
M9O\ HLE_SB/_ -6W\P/^X-:?]Y#-FS9O^BR7_.(__5M_,#_N#6G_ 'D,V;-F
M_P"BR7_.(_\ U;?S _[@UI_WD,V;-F_Z+)?\XC_]6W\P/^X-:?\ >0S9LV;_
M *+)?\XC_P#5M_,#_N#6G_>0S9LV;_HLE_SB/_U;?S _[@UI_P!Y#-FS9O\
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M -6W\P/^X-:?]Y#-FS9O^BR7_.(__5M_,#_N#6G_ 'D,V;-F_P"BR7_.(_\
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M^1,W_57-FS9O^A _^<-O_8>_*G_(F;_JKFS9LW_0@?\ SAM_[#WY4_Y$S?\
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M^1,W_57-FS9O^A _^<-O_8>_*G_(F;_JKFS9LW_0@?\ SAM_[#WY4_Y$S?\
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M^1,W_57-FS9O^A _^<-O_8>_*G_(F;_JKFS9LW_0@?\ SAM_[#WY4_Y$S?\
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MTABE"L+(I(H92 Z,5/521OFS9LBR?\_'O^<)Y'6./\^=+=W(5$73M7)).P
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MXC-FS9RS1_\ GZ/_ ,X?W^J6^DZUYOUWR/+=T^J77F/R_J-K;N2:?WD<4P0
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M'(A*V9!*LI&QIFS9L _]%(?^<)?_ "_FE?\ </U;_LBS9LV;_HI#_P X2_\
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M_C,UY:R1K);+:!F1'>Y+HD0+*&9EJP&^;-FSRE_T4._+;ZC]?_Y51^9/I?\
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M((PI@TVRN+PV]I%3[$:%C11[5Z"FS9L^O^;-FSXD_P#/T3_G.OS/^7&H1_\
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MK_G"G\E]?\T?E7Y/\R:[?_XC^O:UJFAZ?>7<WI>8]4BC]2>>!W;BB*HJ=E
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M/R[UOS]^0?FK\G?SZT2!H1'J<FK^5;P,RPW;:3=FWO[&5P/VT/"517]W*O\
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MS\%U+SM^8OF6S\H^5-.UGSK%?:Y?LRP1/<1WL42L5#&KNP4;=3FS9L_0?/\
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M,?\ [:OEW_NKVV;-FSQ/_P ^I/\ G)W\@?R6_P"<>/.7E;\U/S3T3R1YAO\
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MI<.M^6?-%A<:9KNDW )CN+6Y0QRH:$$54[$$$'<$'-FS9^2G71YX_P"?:/\
MSFO>+Y:U ZW8^4;Q)(87D4?ISRIJH67ZI=A1196AH"2M$G19%4A5S9LV?JO_
M "D_-?R1^=WY?>6_S,_+S6(]9\L>9K99[:52/5@E&TUK<H"?3FA>J2(>A'A0
MYLV;.D9LV;/S^?\ /\V>%IO^<8;99D:XB3SG++;A@75)#H81F7J Q1@#WH?#
M-FS9]//^??5W;7O_ #AE_P X^S6LZ7$2>6A TB&H$D%U/#*GS1T93[C-FS9[
M'S9LV;-FS91(4%F(55%23L !FS9L_*;_ ,^[M<TJZ_Y^.Z;JD=[$EEKVI^='
MTJ:1U43?6;._DB5"30EEZ =<V;-GZL\V;-GE7_G*_P#YRT_+?_G%;\N]6\S>
M9=6LK_SI/;2)Y'_+])U^OZI?,I]*L*GG';HU#+,1Q5=A5V1&V;-DY_YQKT[S
MYIWY&?ELWYHZW>^8/S$UC2$UOSE?:@S--%?ZN[7\MH Q/!+3U_JZ*-E6, 9L
MV;.WNZ1HTDC!$0%G=C0 #<DD]*9LV;/RE?\ /N;7M.U+_GXSHVKI<1QV_F._
M\YS:82ZL)#<6-_.BJPV:J D4Z]LV;-GZ@OS&_+WRG^:_D;S/^7/GG2DUKRGY
MNL7L-9T]]BT;T971NJ21NJO&XW5U5AN,V;-GY?O+&N?FA_SZH_YR^U#1M:CN
M_,'Y<ZP8X]6CB4)'YD\K32M]7OK=68(+NU/*@+#C*LD7+TW+'9LV?J$\@?F#
MY+_-/REHWGO\OO,EEYK\IZ_ )],UFPD$D;@_:1QLT<B'X7C<!T8%64,",V;-
MDRS9LV?GT_Y_EZA9RZC_ ,XSZ4DZMJ%E;>;[NYM@?B2&Z?1HX7(\&:WD _U3
MFS9L^L7_ #@[>VFH?\XA?\XZSV4Z7,,?D;2K9Y$-0);:$03)\TD1E/N,V;-G
MJG-FS9YT_P"<O]0LM-_YQ2_YR3N+^X2U@D_++S5:I(_0S7>E7-O GS>615'N
M<V;-GQA_Y\>ZA8Q>>/\ G(#2Y;N*/4;W0]"N;.Q9P)98;:YNTFD1>I5&FC#$
M=.0\<V;-GZ*<V;-GSW_YS/\ ^<KK7R-;:-_SCY^3WF*"^_YR1_.;4K3RIY7M
M]/E6:3RXNISK:R:I>^F286B5V,0:AY?O"."-FS9L][:-IYTC2-*TEKZYU-M,
MLX+1M2O9#-<W!AC6/U9Y&)+N_'DS'<DDYLV;#!W2-&DD8(B L[L:  ;DDGI3
M-FS9\K/^?0VN:;J__..WYBPV%PLSV'YK:^90"M6CN;73YX954$G@ZO0$@5*M
MX9LV;/JKFS9L^(O_ #],_P"<$!Y[TO5/^<E?RBT4'SKH5L9OS1\LV: -JUA;
MIOJ<*+]JYMD7]Z.LD0J/C2DFS9LK_GR/))-^5_YYRRR-+++YML'EE<EF9FLB
M223N23FS9L^W>;-FS\W?_/U+_G$3S7^77YE3_P#.5_Y6V=U_A;S%>V^H>=Y=
M-#^OH&OQ,O'424^)(;IU5_4_8GY<B/4C&;-FSZE?\X6?\YW?EI_SD_Y,T#2M
M5U^P\M_G;96D<'FSR/=2I;R7=S$ CWFF!^(GBF/Q\$JT1/!A0*[;-FSWUFS9
ML\)_FK^?6J_F[YT/_.-7_.,/F$7_ )KN&C/YQ?G-HTD=QI_D31C)2<17*\XI
M=5N%1XK>%23&U7?CP--FS9[G@B$$,, =Y1"BH)96+.W$4JS'J3W.;-FSY,?\
M_F]1M+3_ )Q2\N6,TH6ZU7\Q-*CLH:CDQBL-2E=J=:*J[GQ('?-FS9)/^?0%
M]9W/_.'MC;6]U%/<Z=YNUN*_@1PSPR.T4JK(H-5)1U8 ]B#FS9L^HLDD<,;R
MRNL442EY97(55514DD[  9LV;/G5KG_.3UO^>'_.6_Y9?\XY?D7YM>^\N?EY
M<7/G;\^?.V@W'.WDM]*C].UT..XA;A+')>3PK=T/'=8ZDB5,V;-GT8S9LV;-
MFS9LV;-FS9LV?G-_Y^>_\X@^=?RS_-"3_G,'\G+.<Z!>:C:ZYYV&GH6GT#7[
M:1'75> J?0N)$61WI1)N1:@=<V;-GV3_ .<3?^<H?(__ #E/^56B>=O+FH6D
M/FFVMH8/S \FK*OUK2-2 *R*\7(OZ,K*SP2'9T_RU=5V;-GHS6=:T?RYI.H:
M]Y@U6TT/1-(@>ZU76+^9+:UMH(QR>6::4JB*HW)8TS9LV?FT_/2[\U_\_4/^
M<N=(\H_DU#=0?DI^5]LNES?F!<P2+:6MI-*9;_5I$:A$EVT8BM820TBQHS"/
M]X8]FS9^B[\O_(OES\L?(_E3\O/*%E^C_+/DS2[;2-%M207$%K&(U:1@!R=Z
M<G:E68ECN<V;-@GSO=VUAY+\W7UY.EM9V6BZA/=7$AHD<<=M(SNQ[  $G-FS
M9^83_GSC/!%_SEU=QRS)%)=>0M:BMD=@ID<7-C(50'[1XHS4'8$]LV;-GZHL
MV;-FS9LV;-FS9LV;-GS=_P"?GW_.0:?D]_SCQJ7D70;](_S&_/(R>5/+5FDJ
M)-'I\X":K=_$11!"_H!JCB\R,#L<V;-GKW_G'K\G]*_(3\EORY_*32/3DB\F
MZ/#;:C>1+Q6ZU"2L]_=4ZCU[F222AZ5IVS9LV=ES9LV?F#_Y^Z_E>_Y2_P#.
M3GE#\Y/*5R='G_,^PBUD36Q$<MOK^@20PRW,87[/*,VT@/4R<SFS9L^_G_.+
MWY\:#_SDA^2/DC\U-%N(#>:M9);>;=,@8$Z?K5NBK?VCK4LO&0\DY;M&R/T8
M9LV;/0&;-FS9LV;/DK_S^9U"RM?^<4?+]E/<)'=ZG^86DI8VYW>0Q6.HR/0#
MLJC<G;H.I%=FS8__ )] >=?*DW_.**>6_P!/V$.O:%YPU6'4=(EN8DN4-WZ,
M]NPB+\^,BO132A*L!]DYLV;/J?JGF'0-#5GUK7-/T=%C,K->W,5N!&*U<F1E
MV%.N;-FSYS>9O^<DO*O_ #DQ_P Y3?E-_P XX_DSYBA\T^3OR\U(_F/^=/G/
M2)?6L)5\NE7TO3;:>-N$\9U&2V>=U)2O!0S?O%S9LV?3'-FS9\NO^?OUS;P?
M\X=:C%/.D4M[YOT*&SC=@#+(&FE*(#U(2-FH.P)[9LV;(#_SY3GA;_G%_P#,
M*V69&N(OS2U*66W# NJ2:)HH1F7J Q1@#WH?#-FS9]@\V;-C7=(T:21@B("S
MNQH !N22>E,V;-GY./\ GV7J%B?^<_\ RC/];B]'4CYL6PEYCC,9--O9$"'O
MR4$BF;-FS]9.;-FS9LV;-FS9L^;/_/V:[MK?_G"GSY#/.D4M_K7EZ"SC8T,L
M@U*&8HOB0D;-\@<V;-G&/^?*&IV$O_.-GYE:-'<H^IV'YEWE[=V8(YQP7>CZ
M5'!(PZ@.UM* ?\DYLV;/L;FS9L^=/YR?\Y06?Y@?\Y!_E!_SB9^17G#ZWYCU
M7S';ZW^=/F_0KD-'I/E[0ZZC=:6EW 3QN+WT!#(5;]VK>FWQ2_#LV;/HMFS9
MLV;-FSX>?\_OIX%_++\B[9ID6YE\SZI+%;E@'9([)%=E7J0I=03VJ/$9LV;/
M7O\ SZSN;>?_ )P7_):*&=)9+*7S+#=QHP)BD/F/4Y0C@="4D5J'L0>^;-FS
MZ#9LV;-FS9L\+_\ /RN\MK+_ )PB_/=[J985FL-*MXBW[4LVLV*1J!W)8C-F
MS9X;_P"?'^HVDGY??GSI"R@W]GYAT>\G@J*B&YM)XXVIUW:!Q]&;-FS[F9LV
M; .IZC::/INH:MJ$PM[#2[:6[O9V( 2&!#)(Q)H*!5)S9LV?,;_GS_>6US_S
MAW8PP3+++I_G#7+>]1>L<K&"8*WOZ<JM\CFS9LCO_/W?_G'H?F=^0EK^;>A6
M(F\V_DG.][?-&I,D_EZ]*QWZ4'7ZNXBN*DT5%EINV;-FSSK_ ,^?/RE\R><]
M0UG_ )R/_,*\N]9M/(&D+^6WY,_7V]06MLK/=7YM^7Q*D"SB&,BH_>S+^SFS
M9L^IO_.;US;VG_.(G_.1<MU.EO$_D35X5DD8*#)/ T42 GN[L% [D@9LV;/D
M#_SX[N(%\X_\Y"VC3(MS-HWE^6& D<VCBN+U78#J0ID4$^XS9LV?HDS9LV;-
MFS9^37\R]2T__HK);:@;Z!;"S_YR \M"[O6D411?5=8L4GYN3Q7TV1@U3M0U
MZ9LV;/UE9LV;.2?G1^>/Y9_D!Y)U3SY^9WF>TT#2K""1[.R>1/KNHSHI9;6Q
MMRP::9R*!5Z=6*J"PV;-G'/^<*/-GYB?F?\ E!=?G5^9%W=)?_G-Y@U#S/Y5
M\KRS-);Z%Y>)6TTJPME("A3#;^NS  R-*7;<T&S9L]?9LV;-FS9LV;-FS9LV
M;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS
M9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;
M-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9
MLV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;-FS9LV;/
MB[_S\T_PI^@O.?Z;_P"5I?6/KND\?T__ (J_Y5/_ '%M_P!67]SZM*<:_P"[
M_4[\LV;-GQ!\M_\ *NOTWI__ )+S[;?\<?\ Y6']>^PW]S[^/M7-FS9UR[_Y
M5U]5N?[K^Z?^_P#^5A^E]D_WG^3X^V;-FR>_\X)?X(_Z&W_(_P#1O_*J_KWZ
M<E^K>G_C7U^7U.X_WF_27^B^O3^Y]7;U.'>F;-FS]8^;-FS\IW_.</\ RK[_
M )6\_K?IWUOJ[^K_ ,KX_P ?_IKESW^H^C^[^J5_N^'PTI3;-FS9]$O^?47^
M%?T%??H+_&/UFNI>I^@_\4_\JRX>I;_W7Z<_<_I*OVN/Q<:]LV;-GUW\[^G_
M (+\W^M^F_1_0FH>K_AKU/TUQ^K25_1GH_O/K5/[GA\7J<:;YLV;/R/_ /.2
MG_*NO^5U^>/]Y_\ >BW_ /)Q_P#*P_\ &W^\T7_'6_R_Y/\ BOAFS9L]H_\
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M_E27^+OJ/J^H*_5_TW_N/Z?9^I?N_#?-FS9UJV_1'^";+].?\K\_1OH3>O\
MX_\ TM_@.GIP_P!]^A/],]/^;T_V>.;-FS]!_P#S[_\ T3_RH*P_0?\ RI_]
M$?I"7]'_ /*F_P!*_HST_3CI^DOTY_N0^O?[\^L_'QXUS9LV>W\V;-GY?O\
MG/3_  %_BGR7];_Q[]8^I7'J?]##_P"._6^U'3]"?5/W/I4_O>/[?7>N;-FS
MR!Y&_P"5=>KJ/_*)?8C_ .49_P"5A\^K?W_M_+].;-FP\\W_ /*NOT,__'$_
MO8_^4@_Y6']2Z]_\KPS9LV?3S_GSM_AG_&WYV_H#_ 'J?H/2/K/^'O\ $OZ4
MX_6;BE/T[\'H?[\]+?GZ5=J9LV;/O1FS9LV;-FS9LV;-FS9L*];_ ..+J_\
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MGFS9LV;-FS\YG_/QW_!'Z4LOTC_RL3ZW_B*^]7_E<_\ C7_"M:S?\HY^CO\
M1_\ 5X?[JS9LV?.KR1_RKK](7?\ RAG^\_\ TS?_ "L/ZQ]M?[S_ "/XTS9L
MV2SS3_RKK] WW_'*_P!U?\=O_E8?U#^]3^^_XU_RJ9LV;/=__/I#_"7_ $,1
MYO\ T'_RKKZ]_@2]Y_H3_%GZ5]+Z_8<O0_3?^B^GRX^K3]Y]GC\/J9LV;/T6
MYLV;"O6^/Z%U?G]=X?4KCG^C>7UVGIM7ZMP^+U?Y*;\J4S9LV?EX_P"<Z_\
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= *M3^Z]7X^''E\5<V;-G5<V;-FS9LV;-FS9L_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>mtn-20240731_g2.jpg
<TEXT>
begin 644 mtn-20240731_g2.jpg
M_]C_X@Q824-#7U!23T9)3$4  0$   Q(3&EN;P(0  !M;G1R4D="(%A96B '
MS@ "  D !@ Q  !A8W-P35-&5     !)14,@<U)'0@
M]M8  0    #3+4A0("
M                     !%C<')T   !4    #-D97-C   !A    &QW='!T
M   !\    !1B:W!T   "!    !1R6%E:   "&    !1G6%E:   "+    !1B
M6%E:   "0    !1D;6YD   "5    '!D;61D   "Q    (AV=65D   #3
M (9V:65W   #U    "1L=6UI   #^    !1M96%S   $#    "1T96-H   $
M,     QR5%)#   $/   " QG5%)#   $/   " QB5%)#   $/   " QT97AT
M     $-O<'ER:6=H=" H8RD@,3DY."!(97=L971T+5!A8VMA<F0@0V]M<&%N
M>0  9&5S8P         2<U)'0B!)14,V,3DV-BTR+C$              !)S
M4D="($E%0S8Q.38V+3(N,0
M                            6%E:(        /-1  $    !%LQ865H@
M                     %A96B        !OH@  ./4   .06%E:(
M &*9  "WA0  &-I865H@        )*    ^$  "VSV1E<V,         %DE%
M0R!H='1P.B\O=W=W+FEE8RYC:               %DE%0R!H='1P.B\O=W=W
M+FEE8RYC:
M          !D97-C         "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="
M(&-O;&]U<B!S<&%C92 M('-21T(              "Y)14,@-C$Y-C8M,BXQ
M($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(
M            9&5S8P         L4F5F97)E;F-E(%9I97=I;F<@0V]N9&ET
M:6]N(&EN($E%0S8Q.38V+3(N,0              +%)E9F5R96YC92!6:65W
M:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR+C$
M             '9I97<      !.D_@ 47RX $,\4  /MS  $$PL  UR>
M 5A96B       $P)5@!0    5Q_G;65A<P         !
M         H\    "<VEG(     !#4E0@8W5R=@        0     !0 *  \
M%  9 !X (P H "T ,@ W #L 0 !% $H 3P!4 %D 7@!C &@ ;0!R '< ? "!
M (8 BP"0 )4 F@"? *0 J0"N +( MP"\ ,$ Q@#+ -  U0#; .  Y0#K /
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M_)C]*?VZ_DO^W/]M____[@ A061O8F4 9$     ! P 0 P(#!@
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M%6#QPN(D=*34!U-CX[06<.201&0E%X##5,1U_]H # ,! 0(1 Q$   #[^
M                 <* #K=4  #F@<5  #M:Y
M
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M3@['4[JE(9V.#@ ['!P#DG++N2!=2#6DY9<.3@AW4ZD>VH
M                      $*ZDO=28MK%MK"NI3Y8X-;0 5CVW<*0;K1$I=U
MK3JH )BE_-*@     #DX )BVJB7OH )FRL2E9*2T=Z.E46B'6A7@  %0BO$*
MZD6VO:@      0ZT[*]J!TJD);  .]'*L.M(M'0[TK,V5E[Z0KJ<'(. =Z.2
M);67OH.0<  [45"*\2]])6^V;LNA5I-65A52LEL2VLW9=U4B4J
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M !VHY5ZUH)JRZ7NITK3F@KQ6@  %2BDGXKQUJHF1"(=:  "I0R*HE$W'>
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M<G"DK?;#J[ESX>1%MJ!0\F&ES1@35EU0BOB6W1E9"2RE31  3D=TO=2'=0
M   #M2L['=589)R.\ "W\J'K6DC)9,6W0ZTAUI,V71*5K^--0<F&4OMNG"R(
ME*@                                  0ZTB4J."ESQT/(AMS,@$2VL
M>VZ)2LI?9#NH  )FRZI0W@      1*5AUH*M!+29XJG#)%I6GRV2]UH JT$L
MM?;&I6F2Q@     1:5A5H     !=N#E3D=W!R=:K?RH*1/%'MK<V%DRTEM.E
MCDI+(=SJH   .U*]CFE85UH  '>E:C%?<&+/%MJ  .M5!R8:/D0\ %=Q9IJV
M^5OLKF--(R61J5F++@                                    !+WVVW
MEP2U]EL9L$*Z@    GXKZA#(    !WHC6W2U]HJ\$M(GB'-'%:=Z5X+DQ,B2
MDLHV1%$HYI43ME]-EC '8C6UE[J 3EETG?:!$I7HIQ4     !<V'/7,:8#@D
MI;++V&*(MM:YCRV]E0@    1;:U:"3O2M#RH>H .2M8\M>Q9NU*R4E@BVUGH
M[^0"7OI(R66GG8PCVUK^-/6\663DLI4\=Q8DX
M               $G);8>SPK=RX85U.     5&*^IPR<5      3%E>]*RDE
MH[VKAQ9J#DQ0;Z3D=TI?;'MK6<:6BY,7>E>M:2]] .]%R861+WVTJ>/O1,V7
M=:I^*ZWLN$=Z(5P      1;:Y(T^<! NMCVW6'L\.G3V"9LNJ^-)0<N'K4
M  )J.ZKP26]E0JAS15\>2[<')F++J+D12,ME!RH8EM:I#)<V'/,67 "U<['M
MW+@NS R*]C3]J!"NI$MKR
M4N>/&6XU]OY4     CVW0+K16\>:>BO      C6U@W4 ':CK558):5/$)JRZ
M7NI48KZA%?29XY*2P#M2MUX610LF&2DMZ5HHN#&FH63#TJCVU@74       &
M1-3G24ME6@EF+*]Z5HV1%8&TP@+VUV7;>7!4XI)&2RGRV0+K0  !-V72E]H%
M<QIK\UF8     !2YH^M:5:"4
M    #K5S1;^5!B;>ZZDSQ    5.&2=COH.3#UK2H125W'EY4     $:VZ#=:
M  *K!+2IX@!4(I)F.[K5.1W0ZTH&7!7,6:J02VYFX\Y'?3)HRE7QYJ9/%-QW
M4N>RI024Z>/JI6L>:!=2F315G&FHV3$4   %X:_+F++H=:7=@9/!Q58FSP[:
MS<835ETY'?(2V0+K0*[BSTZ:.3DL%QX>11\B*4DLJ^/-2<B+A07QK,RZL')%
M&R8J'DPU."2X<2?D
M  QQM\&?BOI&1%;.9CV[EPRU]HJ<%],GL   %=Q99FRZ<LOX     (]M8%U
M    .U$:ET&M*SCR5O&FM+/QLA:K-E[K<>;;"$_%?+WTK^++&MNMG,QX-U.]
M*]*T   BVUA74   Y+XUN7>VMRP*=-9:N;C67L<4  ">COO[5YF-=Q@=0<@X
M*K!)/17VYF0"]M=EWOK<O'NUP;4SL<1K:Y;T6RGHKP
M                           +4SL>PMGA7?@94I)9CO;85%R(:;-96,>2
MCY$8   K>-+'MNK$$G     !,6W2]UH     CVW0JVY6T>RM[+@AW,D:?.AU
MIA7H]5)26 =Z5C6UJD,E-FCA5I!NH +@Q9K?RH15H):3/$   .Q>FMR[XUN7
M.QWR,MEG;#%L/9X8  %2ADJL$EL9N. !7<::AY,,6VZ#=;>.!E9(T^?CO;8-
ME;'$ N#%FRWH=F                                 !XK>E<P
M   -O>>V.]G+;8 0KJ8BWVLMC-QZYC2U."2S]AC6+LL2%=0:_;3$^"KZ7\Q
M X*G9=>>'/8&9!,VWQZ5_1>^3/7+BAO   $U9=*WV@    ";CNO+7Y5PXD\O
M?2S=ABY-TV?6,>7'FVP<<[?! G8[Y*2RL8\L2BC9$72J>BOF[+J-D1
M 5"*_./-;>Q]EB6EG8U#RH14(KZM!+;.9C@1;:U6"2BY,0 GXK[PU^50LJ&W
M<N"8LNSQS&XLS8XN,]SK^"-;6[M?E()>E*U:"4        3]E=9MW@R]:
M      9>UV3G;5Y8             _%<_2?YA         'UZ?/GH_W7_+?J
MX %G;#%Q%OM;+7VY+T^? NMP3TNGITL8\B>YT?YUGU3Y4,YZO+]X/+.M\#/5
MN0]+^+WFO^VP]KM#L?K8\ ]#_-J^S/$INVOZZ?PE[W=T$@   F[+I2^T
M 3=EPOC69=PXL^&^@U>7-#LKVUN73YK-?>JTH$W9=*7V@          3%E:C
M%)2IXX=:#M1V(=0     &0-5FWQK<O!73:?I5&MK=6%D5"*3\U#[$\7\8O1N
M:         ]CO.NE\L^ZT&/<N$        #Z]/GST?[K_EOU<
M  ?BN?I/\P@        #Z]/GST?[K_EOU< "!=3!'3Z:V<R#(VISIV*_&FXP
M,5[O7>/O=:'X[O=N$\W^JU7=7-VLRO3?B-[@K:XFR.FS9"ZF+\Z#S'[;16ID
M1S-'ZXOPM[Q=^/(   )JRZ5OM   ')P 35ETK?;6<>7(FISL6[O7<&=>9V]8
MQYL"]1IJ%DPB;LNE+[0          !P3D=TI):*YC2T+)BJ<,E-FC     &:
M>=VN,MSKZ7/9&M<*R4E@_. ^MO(?'_O-         !['>==+Y9]UH,>Y<(
M      'UZ?/GH_W7_+?JX             _%<_2?YA 'KEY_T>=M5EYLUN5B
MK.QY>ZF7=?DX+VF)D'$FTIZ75^G?$;W ^UQ-J-%L/F%]NX2P\J$#Z]/GST?[
MK_EOU<  4#*AUNZ_0U[%FSUS&YU/[CG*)D0V[F0:K[C#_,(^N_(O<'S'JI.Z
MEHY$?%:9+P9\.[+'N.&^!6D(\A/0^;_6Y^&O=;N@D   C6U$&Z@  ':C(^HS
M\=;? AU":LNE;[2F<>:W&,=UKZ!E0WYJ\P7-ASX9Z'5B;LNE+[0
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MW6@Q[EP@        ?7I\^>C_ '7_ "WZN             /Q7/TG^80
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M>ZXK53::Z>COO+7Y0       &Y7/[G 6RUM EC         ];.&Z[W%\X[D
M            ?(?[1X-OYSG4V9/C6?/!;\L5JS0;,ZG<:L;?2[/ZG<VA/!<L
M4V,\K"NZ'(L?(QK]QLF^,?*H\D>EF]YW"F?KAZ]<5WGNOY]Z8  !C/<8'CG]
M >8#-G.[7.W,[C0KTWD*A'7O2H  F;+MLN'Z.#6E#R8I2^RL02WMKLJ#=0
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M0     !L[J=SA#8:V$3-*P*TX*-)'<T,W!3[[+9EA     ]*N6[#UTXOO
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MP?+'NN?^GCSK?^U/ ]!LGQ^\\3=QP%#DCPCGZV^8,FKQR=2'6F+LO"QSE8@
M    W%T>_P ,Y^OR-BY<Y;=B/-P,I8F=)ULFJ74&2*KV22=UNN^RU-.OM
M ]>N*[SW7\^],             'Y4GW=X!*W4         ^ESQ;N/L)^>/2
M  --/0N7UA[/G]'/2>1I\M@    W-\^ZN);6ZL+)M7-QAD?4YV.-M@@
M  5O'FHF1"    !B'?:O!G2Z<"9LNEI+:A#?3Y;,V<YM;LP<G,W/[3%FZU_)
ML[QN_P!P> ZBXL2:\-?E "@94,Y'=H/ZCQN/MM@@  7EK\JS=ABW/A9'BOW^
M@^"GZ(\\]9^!Z+TJXO>:_;;#\8_2.8P?L\7](KY?].^2'V/C]A=3F:[;C"D+
MJ0*O*_K]/NAK,C8739TI6EJ9$?U+^5=5]&?@'H^7=!L_#GN_-M?MEJYZVZ'6
MDI6D_;=4[;[3F@HM\8     V7U6XP)L=77XY1;LL5;CDK-DD)27K3I6F(<W
M     ]+>5[#UWXOO0            !^+1^DOS')W6@        ?7/\_>C?=Y
M\L^L  "!=3R(]Z\UMW+AUQZW08NW6O    N;#GW!X'J9>^D>VM:QI;>RX0
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M+1FQ]B=;ML=Y.)6HY,J8>=9\\&/\G$I]UDE?34#=:     #UZXKO/=?S[TP
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M[4_F1L]2'?'S#K\L:/8CP)]&\NU7V^D         V=U.YUVVFII=U@
M  'IARO8^MW&=V             /Q:/TE^8Y.ZT "O17_5_X+Z#[X^4=?X=>
MG\ILQI<_2OI=7[4^:=/\7/TEYEYG]KH@ !]<_P _>C?=Y\L^L  #RS]M\^P/
MTVH $6VLY'=(2V3L=\.M)&6RR=CB6)L\*Y\/(R;IMB!P7A@9-H9^,
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M-M^.\G$J-M]UPSPU+?EBFK:U.V2FW65"V[$.;@  #TJY;L/73B^\
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M'!E+2[#%VZUXJ<-]+FLGH[LLZ'989Z+5B-;6HPR4C(B    %P8DU5BDI,T=
MRH0   !7,:6AY,0 &6]+L+]U>9K/UVC  $>VNE?HG)VUEXX IU[-'XZ?I!C?
M]?/SHK=%JYN,  !O'YQUONG\S>O6KG8WS%_9G@5'FB OK79>0]3G8"Z?3>JW
MB7HGI9X]WGF+[-P$C)8+QP<G9GC.@P1U&F\<O??,0 JNW R8UMTC+996=CSM
MK9CCM_F?G]MM'Q>_V<XS?9RYG;S-EP'S!>L>,[$ZW;:Y;/41J5O*#(FJ5UJV
MNHV/U>W[F/LC%S)@[#SZZ7E;2F@   &X^CZ"T9L?-6#L1*W4OW&RK=EAL^?'
MR%BY=H3X^OVQU6P^LVV/LK%U#W6A   'KUQ7>>Z_GWI@             ^8?
MUCQJ$H        !Z+\SUOK-QO<@:*^F<AXD?1WE&4-+L,D:C/R!JLZ\<#)M/
M.QQDS3YV,MQ@\@ K^+-;^5#R"@WV^1O6:KD  %5@EI4\0'*OK_R6UG[:@  5
MW&EH63$  ,FZC.AJ6/LL6G2V #K5J1W7,6-LL, *I:J9HJ^/+<^'D6#M,)0
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MT%/NLQAEX>Y.CZ#7#::B?MNR!C9=-OLI5\<G6VV98M[N?Z7W*\_]*
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MF*5O*'(M.:"RY\?876;7#^=@5>R2E7QY!QLJP<C%O*#(L3(QO0+G.I]RO/\
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MM+/S\;D     %=QIJ%DPS<=T6E>]*Q;7>E05'"DU9=P=:JE#?0\J&D3Q@
M<T35EU'R(JK!)$I6RY[(M]OLIX#Z7E/2;#S[]6XKQ3^B?*[MP,F'=;4(9)&6
MRZ\'(W=\XZS-G.;;1;TSD,"^->H6!\Z^T>*7ZC?#OGMM<?4#.LSUC79#CKS1
M)W)NCUNTL_J/IYAD/59VVO"]-F[F]KZH>)>A   ?F(_;GA7B5Z7RP
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MS#K]TO.^I   _,1^W/"O$KTOE@                  !]E/SEZ9]O7S+ZD
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M=!XU>C<R      !]E/SEZ9]O7S+ZD             /QT_T2^;<$;7#
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MZE,GCC6UNS RK:S,?=SSCJ]0>]YJ;LN]>_!/2N]   'YB/VYX5XE>E\L
M               /LI^<O3/MZ^9?4@            !\H'M?D%DY$
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M_I\+]%JK#VF)ZE>*>@3%E0  /AT^GO*O,3MM$        !W+:EA@U
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MG?4Y1TFPJ\$@   \"/1O+L)9^N@UI2+XX-:77#/;$T,Q;6%5%*Y%+CG*Q
M -F=5N+)GQL?9.)6+)*1?9'I6YXII"ZVQ,C%      W[YSJ?:/A?0P
M      !\O'K7B]_8V51Y(XU*T*2*HVWU.R^Q,O%K=DEMRQ4B^.\X,C'<V+R
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M^;CY1TFPQON,&6OM$W'=58)>%(]+L]\ON/0KRCM*SCR   >!/HWEVJ.XT8
M   X)&6R6OIS1R=CO;78K7[:W[XK&FQIZ.\        ;V<]TWL5Q'?@
M       #Y)/9?"=DM7N+ R<68I68I6JV28'V&LO.#(RGB9MLRPR-]NK.VTEN
MRQ   #T^Y/L_H3\U]5 'DM[MYOYM>N\+3I8I66D%; OH ,GZ;8[4\3T<&Z@
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M2'=0 "8MNW1\[ZNLP3 "MXTNO/5Z.ULW'MS+Q[(V6)KIEV?%UW&#O'S&U'4
M&%]EBW'F8OV8<-G@>-F\@\'^CQL#9%FSV')%J 'V7>+=GZ&\_G@     "PMG
MA:E=US(    V]X+I\H:;8U2&2TL[&ZU  #DKF+--675C'EH&7!#JJ<-]GY^-
MR #*6DV&+-WK^0<&1M1F^@?E?9YOYO:SD=_(  /F)]8\:X+/FQ[4F@X+GBGD
MKK,H8F;K[LM5G37[.QI\:GWV7=!/3+[)>M*=?;3KK-?=EJ@-JM9NL3Y6%DK"
MS):ZVL1R5BR3$V9@U.R^0OLS!@[#63;::S)\<    >GW)]G]"?FOJH
M      $G);\V7JGD%J30=*NM:<'"G2M.E76M"O*@Z@ZU#K5P1J5NG!R-Z.?Z
M7V"XGO@ ->NKTGSN?67B4%2#?3JH  +QP,K<3@.IZ5 5W%FH65"!/PWZ>[W
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M>AR1VS+#?>/DZK;?265D8X  'I]R?9_0GYKZJ !39H_G;^LO$L"]+IH-]
M!GKF-UGKF-SP7?@94&ZVU<[' &JVTQ?AM]DY/]4OX3]^\_NMTVM&ZP?,OMM'
M\;7T7YIMYS^Q^M7P'T3Y4/H7S;[S?%.OILT=-EC^<OO--\U'>Z7]5/X3]^^<
M#V/B_$7TWE?3SB-[B+8X_P YWL/%_=3X;V_J9RNT[4<G !UJZJ1*5X.E:1*5
MAUI$I6T<_%T=](Y!5'MN@5M  5<&7-#L]J.)Z.<COSQS.WU\ZO2TR6S+.DV&
M*-WK^  ");6[<')LW88O(+AQ)^%+?RX0 !WH]*_'N[V4X_>]J   !X&^B^7X
M V6KNZ&>PLC&N*R2P,[$GJ725;<EZ[.I5]DG6VTIH  !(2QSME]*FCV!P=I8
M<V-4H+[2EANJ&:D7V2%UEZ09'!.4NMB6&WI8I&MH   &_G.=1[1\+Z&
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MI_C-Z8^119(ZI9?W5X*)+%<44MLS0X0S]=PH!RKR* K3A4IZ'\_U?T-^6>L
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M75=+[Y\!Z?FGG=H !C[:X4"ZFKW:\]X<?2?DD&M   !G/F]QL%RN\Z5H
M*M!)3Y;(-U     *UC2T7)B  %<QI:'DQ  "H17U"&^W\N$<%?Q9J#E0@  "
MX,6:DSQRM]HX(UM8-U(E*U:"28LK-672,EO>E9>^VDSQ7-AY$A+91LB(<'(
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MR,UE-ECTB]'Y'7C.B\%>IP.RL2VL>VL6VZ-9=-67?5WXMVOT!?.GJ8
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M:7O2M+GCPKT6JQ'O]=9^=BT>>RG314G(CD9;,9;G7:I]MSNCNVQ_#>[,]_\
MR;L//KK=/DC#F\R.UT6)MACV3DQ?H7?*/K?K_P"8]9XX^B\U\L_N? @
M "V,V#7_ *K3=*T'TD^<]#N'J,L  5_%FH&5"     *_BS4#*A         N
M?"GMG,@Z7.U '!=^!DVCGXP %:QI:+DQ  "O8LU!RH0  !Z4>/\ <[.<9O\
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M>W\)^>S]<>.         #]/KXB]W]J?->G      QQM\'RL]N\]M7.QP
M     .U%[:[+L?98ES8<]!R8:K!+0LJ$#@Y!P7%B34+*BRQH]A>>ORME>/WN
M(-]K<V\WM<W\WM;CP\B5OMUTZW2>;'L'"[(<AO?1;R7MIR.[S3]BX77'KM&!
MDG49U$R(M,^6U=[X.5!K2WY(H@.]*U>R^CWV0ZTD;K:A;=5;)+(R,:UY8*7/
M'8^RQ>]$"ZDM?;E"7*WNS][)WVS-MU3ADO+7Y/HOY+VV6=#L@!J)WW,[=\#T
MU&R(M0N^YJU<W'S!H-GF3G]G?FKS!0,N"E3656"2=CNBV5C5NY.:(EM>:
M                 /E ]ZX#Q2]+Y;=WF-GY>=QHKTQI/);T'G?U)_CGV2/1
MG_EMUH9Z=QV5.,Z+YNO6.3^S[YN]-  'A7ZCR?QY_1'FX         ^ZCY<]
M7]..)WH      H67#Y)>Z^<6+L\0  %5')Q44     REI\[%NXP1<N'/;69
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M1W7.0;K9>^DM?;+7TE;[)6^DM?;*WV2U])>^D"ZW;7ANCWL\QZ^8LJ
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MR1[:P+J;6\/T/HOY)VX      X.0       "#=2-;4
M                #S!ZSC/"ST'S3,^#L()B+-U^==?LX]+K0GQ];MIJ
M  /I]\F]FW4T71            0KJ82Z34V-L<544'!/QWYPYK;75@Y/>@
M             "1DMT5]-Y'3/T+EP-F.-WOI9X]W8
M                                E:VTZ^T         52R^/2H
M       E)+<5[O74F>,<G!=V!DY$U.=WH                 HV1%I5Z-RV
MHW=\W0LJ'?KR[L-RO/>H
M                                    ILUE'GB5*!6<>6HQ7@
M           #"/2:K!?2ZC87E-UEW0[(
M
M
M
M
M
M
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MW'9:7=12,VV^&,5SU;9Q[.JL;7!GI+>#86XB_P!OMN&H& RLS5DX5_AE)_\
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M%-:M^.U;>L"57.N+^%FG\OW\?:K7IT.*B-&=8)YNOP:J@SDM$A.C:EN&MU7
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M+A64!+QV<%2%VD%T+MH;@3:PD$BXBM(\[8'G; \[8'G; \[8&4ST3&OMB/\
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M[-"UL+*+6,665SIA&9F=EC,.S??PXUIEXO/E0W,/A^8V>'NS[![$6/$'ADY
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MPEL^&G+%AC=5:QKK:V!'1,VNR!Z70[>T%1$ZO]PMP-IMA/;AWKW4W>C0;>)
M:\Z@B-*:EH>M8;#OG,$>=01YQ#'G,$6TQF6KLN;#R^&E/"67-J71=_9__;S^
MR.H3^6^V47X)W2W7MW&[;<BOBM5>?/JO%;CSK.<O<0HU]]393M#.W%LV["TS
MVPH:G';BZM4]W?S_ $?V8?,<@Y.7W\"'6LHQ[P%]M71W),WF!%?7DRA9JJ"1
MAM-+J&Z:K>P_(H6+7RKG'J>XK7GJ&9,](17,P9PFV9RC)OP'NM(YL@9KE#V*
MP,4R8\HB$?SRB-$G-%BK=)#^#7U4^T5Z1R >D<@'I'( 6'9'XOTCD ](Y /2
M.0";CUO7Q_@N-I=1$;\,]\/E)CR.YE-0JVKJ_;K*9LNDQ.KHH2:Z D_N(5W\
M">ZM#+S5= JZ6'>R68=:1D95KR8M7NIEUE@^W70YUB;Q;W[L2FY*&-E,TZQY
M?5]U^=7>Z6P.:[ [AVN[>RLJS@0CM<BYK-;)3*4,YLF'5]_9_P#V\_LCJ$_E
MOME%^"=UW"LI>J["JL:F_EQKG<++L4<O=L6LGQNSSW,);F5O;?Y!4VK=Q+3!
MGXIM7 R"$?=W\_T?V;?4J;C($G\T?X9##,V+"A0ZV*1ZBQK8EI'51UJK:+15
MD*.K&J54'T_4>-:Q6@9CM4E:Q;C)OP'NU2.9:C<R-;S:3"LALJI_;>3ETIRR
M=YB,F7HS\';W^9&09ACF+J=L(#$1ZQKHS+<R&[(5=4R2&:?Z?^%+(VC(]2^"
MI24)CFE][N/H-QAAXI+'<;_]=E(?9BQ]NO<1VMW"WE=;-M?<NT(73T3W.J5O
M\47K ZN>HC!>H>TQB3MWT^^W9N)U'Y+N,[DM7'=S/'L*W'0N1PP]&(S=2N5:
M.7B7XL*NS>9)EW4WS"T[^S_^WGQ\OR7(:7<O(LHO+'/YE_>IQJ\9R'",<E9A
M9XW8EE.45V'SY%DUFF63K^"W/C(G8!MQ52&J/X_4)_+?;*+\$^Q[^?Z/[-J&
MWCNDF$RY6B9<H>+E I<K6IG>*:N'GVIEG<V2K.NG9%&L?-[8>;VP\WMAYO;!
MRRLGD=W'&^.Q#[:GF9T%Z))VSLTUMLMPUED[R&Y:%)<2'42Y-QWMO?YF64I4
M5]^OOK?;^EN9^+X]83;"9C-]9U>4VJT-PZ^XJK@LT_T_\.N4CP?P%'PIC,MR
M&.]2+XZGN/\ \$YQIF0U@G0?L9@.[KSANN=R_42*7')"$-.WM4T+-[%K2TL<
MCN%(=DO):1&KGB8FF;8R"O?G0,0DJ74H:;->0XJNM^#L_P#[>?'G;>L6-W'V
MJ8BU;^UW.JD[:3[ 9;MO"RN^M-NH=GG$S KXLFE8IF#R8.W4.MPN@JO(Z3X_
M4)_+?;*+\$^Q[^?Z/[,)N7ZB^2?S2?S($8^X1WUQW;F2RX3:EN)%)3.7<GZ?
M2Q]/I8^GTL?3Z6/I]+'T^ECZ?2Q]/I8^GTL56'/5R9M8N$V+S;NBN%U-+64<
M7L>JJN0I6/5*BB8E-1:IH77)"\=L4A5)<("JRV2%1Y: :R2-NUH7)&0X)C&4
MS666H[3E-3ND_65DJ&YC] ZW J:JI3FG^G_A_P 2+'X,30S[V.+XJ_N6)\#?
M?R60VF&IEE:Q-63),QR<7/,SBNL,O).,R;,UAV/'<:><A8E-D1C2N42)[#MA
M%,M#[^S_ /MY_9'4)_+?;(DS*2B>-RT>-RT>-RT>-RT>-RT>-RT>-RT>-RT>
M-RT>-RT>-RT>-RT>-RT>-RT>-RT>-RT>-RT>-RT>-RT9A(O'JP4M1)O;-.S.
M5&>/8_D,:L32RS":.88*CF"3'<BNI^8W2.\5$B,O<F#B5Y-&/8N5(]EF2Q,2
MHDY'EEG"Q#*(^4P7-R\?;@)F1%N%.@J-R5&9/QT+AL<MJ*RT2ZTI5]_*]F1Y
M;Y'=G\C[D#1:NYJ8:<<8/QLP>-F S)"9IJF2?#R@<6>8.)8"?.LO$_#D?S7:
M?R+G-!+J%A$6<Z$U%PLG7W#6TV33?>QE>BNY/9.3!8>*2QW;NW7!#SS\E_M=
M<2TVTER0]V3E)2EZ?#FMVWF5-,QW*9%O.R.T3%KUJ-:^_MUN7B6/8?\ 67 Q
M]9<#'UEP,?67 Q]9<#'UEP,?67 Q]9<#'UEP,?67 Q]9<#'UEP,?67 Q]9<#
M'UEP,?67 Q]9<#'UEP,?67 P>\N!$"W>PI1?5W"Q]7<+'U=PL?5W"Q]7<+'U
M=PL?5W"Q]7<+'U=PL?5W"Q]7<+'U=PL?5W"Q]7<+'U=PL?5W"Q]7<+'U=PL?
M5W"QO#E]+E4?[8_^!J8>C,F:E1$)D&TLVU4LKR?P'@82KF-"4X_ A^!C_#S'
M\,&W/^LVS"5I0F[W78:QVOFM6$,OO>K(TB1,F1F0?S)RXL\=D(SZW(8YE#]W
M+W9Q^=D.(U>81I2-J*NUQG!X&,7$*/0TME$8+%[237V%+;R&XF-7:&_2UI#J
M]KBD.U]]_*I2I:O 305*X4GP$T> FCP$T> FCP$T5];8(C> FCP$T> F@X,P
MB[64\3UU)Y,;N3_G:?#D,I?:KJ>GG0_3M2"H*@)IJE!IBQ4#4^W)&6_-._CZ
M^"T[FA&*PS\#W)\Q%?$E3VK&R[7G29:?D)D-=RXK:=YNRQJ),BI4IM>0NKC4
MOP,9_!$SV%33L&?!)LVC6U<17F69QONJGL-@[%A,A$MMQ*Y[:8WCT(7'?*2S
M\#(OP6&YRJA%LI*2M"\&NR=CFN7P',LG8KC=KS9;5BER?%M#F+KYSDY/PLQ_
M#/MD:9:%&\;:CQMJ/&VH\;:CQMJ/&VH\;:CQMJ/&VH\;:CQMJ/&VH\;:CQMJ
M/&VH\;:CQMJ/&VH\;:C)Y$UZ -N_EF31C=J\?J<9EV<B9"V;NO-,0%O-=)S[
MNR?":L(II=;7@7XJ/*:OG]CM98.O5U7*@NE2S$B31SWV;S'ZG(V&FFV&K[^5
M@_SHU+L.ZK^;6VU=<,]K^444=_[@:DI#W^3VP2XIME)\3+[D^3%1:(>9<&I#
M4AJ0U(:D%N-MDJ9#27F$ >.@CQL4>,9%59M5TY#S3I=[(XIN1"-*B[U2HTVP
MN[,J6EZ;/<,W&W:Z@'4<MP.7-C$D5%N=@H*4E*8%G%LADZDE!^[N2SXQKWG*
MUHI=K52:B?E4AR3>_ QG\$152T H,XX*ZU"5+I7N"+ <CRIM<N5*>JI3YM1I
MS:E09KL)^N.17_!R+\%AM\VH53QS8.G21KK79!HA2#-5?'=F-Q);#S=,AHH]
M6<54:"ZU*^%F/X9]L5(.)4+*<Q"\PF'&6=BF.MV0M+3DU<XI,UN%9O2D2*^;
M(D/<^:XP:9:;* ]/?37'8&SW\Q_#!M[_ *PO,GB8VSN%;RLQ7,IIKPVTL[7#
M+'%\OA92NV_G^QQ?+0W8Q\KAPYTB*KS^['G]V//[L>?W8\_NQY_=CS^['G]V
M*RZN7[+Q\T.R9#R8/\[E#]C%QZ:Z<V;MY/M[/!;)<NTD8_F10:IK<!3L@\_?
M7$O;6?84L^)$Q0RW D//T]\O)\D,B,G:J H/5$5(=AFT&W%-+0VXX#9>(&A9
M&?R[)9DJ6IF.L>$A#P<$>#@CPD(>$A!+$9)I2A)ZF-3&I]MK?8Y@U?M'OGM;
MOG7]ZSHEFX1GKW8<EN'8C^$RQ79+9[!\J4HU*?R.(TMQ;K\LTD9M+D1R-*^$
MN-"U6$VS1W&__=)[UN\ZV]D,%MB1)?>DN? H*QF15-PJQUQF#623\L@\!5<(
MPW#JGC*L@F/+:\B\L@DM-; 6A$.J==\ECCR6./)8X\ECCR6./)8X\ECCR6./
M)8XO*MF/51*BL\O\FJ.--72*(Z:H2X513J4FOH%MLUE%)/R&M'D-:/(:T>0U
MH\AK1Y#6CR&M'D-:/(:T>0UH\AK1Y#6CR&M&3UD2% ^V1[BI**E[&T$Y*QUP
MCE4"DIG8^A!S*$WFW\=0Y(>J92E^2*1SZC@.95F^RJHCK\ZJ1YW4CSNI'G=2
M"L8)ARTKFB\[J1YW4C*;&#+KQM__ *OOL>/(6[Z-E='97*+FFHVLINB=PG$V
M,<1;?S_;J8MZ_P OD_ QU''9=D'^=#^*XW)>:I:AEHZ.D,+J*EQYNIJV74TM
M.AJ1!A2XY5-6EKTWCIMNTE.\I[_)[22:C2M2%,74MH,7,1X)4E:=3%G>5M1$
M.5&)I=K6-A=Q5-MJMZI"BL8*DLV,"2YF9GZ?[V^^T$/?':_HCZ1'>FI/W]^^
MCO-V;S$J,?<<0IU+27$M=DATH["G%R'NZ1E"7VN.-M)@<7A^\I*5$W2U;;V<
MH@K?^!C/X)#9?)^(F=%0<.=#CMQ9,:QCH6_'KX?(FRX$E^6PS(6F-#EQ45/&
MW\*](CJHS*'ZKP]D;,B,N._8)=D2T5\LDI/Q5C4MK;@_%S'\,^V-Q:YFOYU4
M2>3 2PT=0ZA2ZSFO+KF5/MU,=E;\5M)2H*S4Y&2\I^N)QERJE2/+Z\>7UX\O
MKQY?7CPD4@J%#6/+Z\>7UXRR+%8KAA\^+69&UN'AR0WN5A)%#RW#[Y3V.X'+
M%>JDK(UBZV],_P#/;*C,S([K+T1_OXRW_P"OL(S2?B9 \3('B9 \3('B9 \3
M($V7+)7B9 \3('B9 \3('B)!]RJC\T^V.^\PX1GIG:$IS/&.<S@-.Y$;.\H:
MR!'L8E2X&D3T1=H$5RX&9_Z?[^-J/QO>S_*#P?!>CKKPW&WTWDR91*L>Y21#
MF3^R=?(AV=[+AV,CO*22DNKE0U(6A:"G-+-F(9D+@K5!-\PV^QQUMHO%DH<,
MQ8\+'</+G:]#,B.MA7?H#M_*N*_'%?CBOQQ7XXK\<5^.*_'%?CBOQQ7XXK\<
M5^.*_"57(UM1K;#6V&ML".XTM3LCKXOGGA3/(M-<G&N3C7)QKDXUR<:Y.-<G
M&N3C7)QKDXUR<:Y.-<G&N3C7)QKDXUR<:Y.,E\X\#]LY2I%25/(-E=>\ZR=7
M)2TNK<Y,FH=DG+BNO(D1)DXO*7DH=KG%R"KI+<I#+2%? S'\,[FTS\<ZY/WE
M]Y=ZZK53F$+):>]C[?!5]]+S2W!)_BF=A$9FY$\*SW*J/RH)?=V(_P 1.(TF
M5=%8RH<"H@1%1ZM86W7.)4F"L<%?HTB P>9.M*H._CQD5C;3W:V"C,J5;+3S
M3[34J,^[V+0TZWA&S.T>VMO>,NQK#N4MW75D-K*'UB9<3)D@E2'5Z$7?>>4E
M3#!,A4&(I7:I24D<QC4G):QX=UP-QF&C[)AS(,Q_%)ZH%O B5M49:'WL9_!(
MUA.2X<F<W7FY+*;XF:TVZ[+A/QK.6:9TY^+9Q[*<Z9S)/DMBJ6@1G"=C_ NO
MPMI:FZKS"8HXCLZ:<:3+L5>/G/FN=+BS429BZ9ZT4EN-8NNQN<YYC%<FR7X$
MB=)>^!F/X9]LC5KZHWE<@%!>(>!>'@G1X)T>"='@G1X)T>"='@G0J ZHO*Y
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MI+^)Y1,QBQCR&9;'9#M($][LR9U7+^&_\W_B2=#3WFOYCX$^"S8Q4IX4A/\
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MH'AX^@>'CZ!X>/H'AX^@>'CZ!X>/H'AX^@>'CZ!X>/H'AX^@>'B%LICE<Z6
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M89P]?FEYU :M[5@F\CNFW*BR:M8'<T(&E*B2A"/LGR,5<A%1D7<DF9N]Y?\
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M(:D-2&I#4A\C!EPFH]"U(:D-2&I#4AJ029$#41C4M-2'"-2(:D-2,:D-2&I
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M&HU&HU&HU&HU&HU&HC264MN.PN1J0U&HU&HU&HU&HU&HU&HU&H.0ODZAX_\
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M^;[<C0DZ_A/A[9\1J-VH:<<[&UJ:6NYL%]J4\2GE<3OPD_*/%F/Q%R'O$/\
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M%K"^%7*6N AAUPD&I#!F9GWRCO&264$9NL)3S6T@WW3#)DE7=K41E2>XW.-
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MOE^V_P!0>X>\74[[;ON8=.^S_4E[9_2QTH]6WOR[I;6[!0?=$V;V1]OWJ?\
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M@S!J;MG,Z>MZL4V1PJ=OPWL<WEG?]IS_ )%CW>2XO;KZ7.B'<'K.R+V@^GO
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M>JCJ+/?1/5KU1KIIG4IUAUSL7JSZIIU#(ZJ>J^)$L=\^N*HN<NZB.L[;^/\
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M(['J+[VY_15L]NGENZOM\;J8M,R#'KS%+CX&-Y!8XK>4MK67$6_;Y5YW=R<
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MN/U:RZB_<07D$GJ2]QN/D5CU+>XM6EAG5'[BFX4JDZMO<+R2%EO7!UV8'?\
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MW\?J/P168[? B"4A*3,8]@65Y*]D>R&XV,RDX5E9A45:%>','',&P9 V3!M
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M52:\V"P%!@.,N/<[3OM^T?P@B!7#&T()K'.,L!AD:]F#C2H  ^650<S7\>3
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M$5[B1<7K"ZLW5EE 4@HRF:P&^,?%-1MJRJ%0 NS,8 4,RJ2!+&6'14G.A_\
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MC'\9_P#2[?T,?QG_ -+M_0Q_&?\ TNW]#'\9_P#2[?T,?QG_ -+M_0Q_&?\
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M3$#G[(^$;.WUUZXC45O),0-7 ")8DD0!C4+NE-DS6BZCUHF3;Y-*F3)!->8
M2JX@CMV>[Y*@DSE $G =ETN:F)4@M4B1!%21A>JN&I  8!A7.I <P)/EXZ2J
MW<E?F.KZ<?:6F'<AA](/@4X 1PCJ05URD\".F 2")% 8,'AB1';W&CZP'>"K
M^6>W-U44,<R!4]WM[@_JM]![6"!B  .U1+RZA7PT(/S?/AKMP@6KP D\&7(<
MTB8Y>[V M]"B$D:R($CFJ8Y#%>&!?LU4\HC+L]85&J(F*QR3V8(&-95"UQND
M132HCR9XFI,5RCCAKM\J=8(/$B#0SS\1W.3Y<D"JPP_LF?R>#$CL+;8@,\P.
M)BI\'8K%<</E%$5$@\:S4SQK-<1C+&6 MP&AD02#.68(/'EPKI.EI!DDF<QG
MP ! CEXS.%[_ -)P=ON[SVKI!.D+;TT85MMI8$ $ AI:LP#EMIO$ONC!9E2$
M"JS'0 BC4T #5J'-B[MTN&X5MB\K%5# *P#(T *=0!TD*#GQ .+S6F&BX"MB
M@\M2J'A66>0#(A>[B[;+72EMU7HBP$C0C'5J'65)).G@86OR]_N+^VN$:XP4
M0HDD 28 %>)-!RG#; %HO[B\6**SD(KDD@*&-6TKE%3C:6]\.A#JRM(#7DA=
M+ QPU,%85X@QBROPN@7KM00R5$V^LT"2 P%0M(X"8&&79A3;*KIY""PS-<^)
M,F9FN+"#:69-TGJU/1>+5PU/5+7DZ)K%1PVMG<D-8N+<=4^IK+@BW!SZM20%
M;B#2D8W&SVS*+27+>E6/V;-$O:_1)@Z0#!D:8D8L.-NB$7Q;(@,!#MJ56BJ$
MS @"N0P+=L!5%  ( '( ,OD['Z3?0/PWUECS']+'K+'F/Z6/66/,?TL>LL>8
M_I8]98\Q_2QZRQYC^ECUECS']+'K+'F/Z6/66/,?TL>LL>8_I8]98\Q_2QZR
MQYC^ECUECS']+'K+'F/Z6/66/,?TL>LL>8_I8]98\Q_2QZRQYC^ECUECS']+
M'K+'F/Z6+7WYK;#48T!A6..HGY#:JQ@!P9F,JBIY3 YYCCV"/A<=82)J 0D]
M(J3(#1D309YXW#?#W2U<LJ078ZB;C(6G60&N2P80()TF% C W;L6LWK=ME.K
MZ[]*[T>!U "3R=X#X#_)EW?[;86KFW'PO;[:T[;?>@I;:YU@52MXBZ7MNCD:
M+*I=TJ+AO7-EN?B]L6MY<L6FOH#(6ZR NH/$!B:\<^W=/_J0G=#&&'F:NPB_
MF@L>Z>BOA!?P=I5!X!CH%E[C'Z#*_-CH//Z2R?"I0?JX\E3W&/Y0,=*VW>@_
MEGYL=/H_I!E'A8 8E"".8S^7$\I8^%B?EG XJWT'&H9&OR5JYM"!#5!C.#63
MPB0>[RX*6#+$DL2T*>X"22!RB37AA=@UMBZ4)D&@,:JP8[V6-%Q0PY")P5MB
MA)/?/)S<WR'77LI [I/#/  N@$Q0R,_FX\OS8ZPLH7ED1X9C!MM<4,(^?+^G
MDX_*01@ YK*G^R8^>)[AQ;V95BUP3($@<*_EY..$W'6ET4DZ6S$@BA'>Y.Y@
MJI@D$ \G/WL:MT[?9W(BJAE @LIH:QWZF<!=V=*PT$MT3 '$FN?AQ([8NY"@
M<308#H00<B*@]I<C+5E6AB2:\LB@I2<R<'XCHUHX1##1I$F21$<E9$=_M-%P
M2/QJ.0\A&!:13I$T%>))[N!?L[7<351T+C$"02 &8Z5)Y  8YL+LONE\6URF
MVXTQ4$-.H$<"#/)APFTW!+^43;=RW"K,22.2L<F+5I=EN--@ZD'5/T36N<G/
MC-:X.X&VW89B"86\H)  !*A@IH ,J@5Q[MN/8MCW;<>Q;'NVX]BV/=MQ[%L>
M[;CV+8]VW'L6Q[MN/8MCW;<>Q;'NVX]BV/=MQ[%L>[;CV+8]VW'L6Q[MN/8M
MCW;<>Q;%VR+%Y)TU>TRJ.DIJ3EX\"U=VE]U*@$&R2#3GH1@&ULKRP-(BQ$+,
MP(R$UC*<,C[*\0QD@V)!/*1Q/.:X46]E>71.F+$1.<1E/&,\&TNRO!"9*]10
MF9F,IFO=P&;:;@E3(FR:&")'(8)%.!(P;+;&\4)DJ;%"3F2,I/+G@;<[&\;8
M^KU'1\W+YL+;797PJ$%1U% 1D0,@1PC'NVX]D?'CW;<>R/CQ[MN/9'QX]VW'
MLCX\>[;CV1\>/=MQ[(^/'NVX]D?'CW;<>R/CQ[MN/9'QX]VW'LCX\>[;CV1\
M>+2BU=MPQ]8A4&G"<_PU_N=;E(RY1,3 F)B:3$TQ<OV=Q<#VC!#);#"=/1<:
M(, RI6)#5F*+M;=R]<&@L2@V^J=45UJJQ%!I$\N+NSU3=<V^J)"S%RAD :2;
M95R<Y &'#-=*)<9:"QU<"*&0+O=CO82WN&Z=RXA1H'2MFZ$=<HU+D8KI((K)
MQU6\=E+,^A=*]6RB2NEP-6H*)8,:UA8KB[:V[.60V]*"V"AU>5K?0=-)KK7F
M!RP;'6*;3%K861J#J)UGC#'4@FD@$9UN6KCD7RMPHC*O5DCR2CJ)( *Z@S$U
MJ!%'MWKCLZZ95U5660?S %9208(G(U/R5C])OH'R!7XJS+9TGR-6HM32!I!K
M-<N&$LVBS* (+DLQXU)K/=RRPUIQT6!!S%"(-1BYNV'6HQZ%MEE;=0>).HB(
M!,4SF<!4  % !0 #D'#"W;MI'=(TLR*S+!D0Q!(@U$&AJ*X+O4GM[-GE+-WE
M 'TN,+L=H6:\0;AN7&:!&033"@T/U<J<N'N7!#0H(SB!)$\8+&OR4W$5CRE1
M/ASQT5T]PD?EQT'=>^#^T&QT;@_M))_59!\V*!&[[+\VEOIQ6W/<81\\?1BM
MMOF\>.DC#^RQ^@''2D=U6'T@?T<<5N+YPQT74\*,#7D[N,L98RQE@KRC"-&:
MJ?F&,L98RQEC+&6,L98TLP!Y)$XL[H(+X!:@8?F%8-#F&/"D8N;FR3;N$DJ%
M(@ DR.7(P(Q:W&Z"L"D%A1ZB0&Y8RY<98RQEC+&6%%BRUTM.1@"!Q,'O#CA6
MW(AR)(&0GAWLL98EJ8W W+=98,H%G)P!$#A#4U 8A@L!0H$"@$94S)$SB6J.
M0Y8G'4N9>U3^R<O!EWAC+&6,L98RQEC+&6,L98-L$:AF)J)RD9X9&IK@CG(
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MAK(U;K:,JQJN=.V5$'2"#(89*.(%1A;]@ZD82#^/(:$9@T-?D[EX?7=CWM1
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MU IAB>G0*:$\#0X#;A%M@Y%KC*#W)<8Z];:E(G5UC:8Y9UQ&#<LHCJN96XQ
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MB% NIET-<5X5M*SHJ#00 .%?EK_<7]M</;M@LQMB !)-!D,7'N!KMRW=MO)
M'66EG2%@!-2225$2PGB,:[",JI:NJ6=626N  * P!($23$90<60MIUZFTX;4
MI7I%54*LCI$P3*R(XUC&R6VAZIC;=Q!^S=;15I' -()GZP/$XM?#TMN'%Q26
M*,H0+<UEM3  D@0-).?#&_M("#=T:2:!HMK0'DD03PQM[5JT]LVW5VU(5"!9
MD D ,3Y(T2())C%J_?9RR:]*M ":B9@!0U1^<30T^4L?I-] _#1W.V?<[EUM
MV[8+,S$*JJ!)9F,  "I), 9X_BVS_P!58]/"?#+VXM)N;HU):-Q!==>E5;9.
MIAT6J 1T6Y#BW\/O7[:;B\"4M,ZBXX$DE$)U,  9(!B#R8_Y7]XM_>=.KJ=:
M];I_.ZN=>GGB,?<=UOMO:OD@=6]ZVKR: :"P:2:"E<+<^*[JSME<D*;MQ+88
MBI"EV$D<8P__ "G=V=UU<:^INI<TZITZM#-IU:3$Q,&,CV_P_P#OG_8[>VQ$
MBT"Y[P@?.0>]B .P-L5ZVRODC)D'(#DR\@,$93$ #J+'G-7N0H(![YP+.[MM
M9U,%5I#)+4 8@ J28 )7342PQK9@!RR(\.)%9Q+& ,2,2.REGA<N+/<6;@_6
M1>].,L98RQ;W"*6-MJ@"6*D,I @28)#::R5$5C"W;=58 BD4.5#4=^N,L98R
MQEC+&6,L98RQE@H9@@BE#7D(J#SBN'M?%KC-8MNW5IJEF63I:XX,F!Y(F1QC
M+!1%=2<V%Q@QK,FL$\,LN>N FUM $?6(!<R9JT2<;@7 (N7GN*!^:T9\],AX
M<98RQEAB>+W?FN,/H&,L*-9MM;8.C@"59<C'$<H^?&XV.YN@!KFM+C#0+FH=
M(B1  (I) KC5N;R((FK"2.89GO X.XVDE 2LE2)CB)S%<\98RQEC+&6,L+OE
M!^Q.HQF5 .L#G*DP.)@4S^2+,8 J2<@.7!V^V8C:6"0@GRSD;A[OU>1><F>R
MF_W?1L R!F7@Y<PYSGPQ_P KL&+=F-4<6(R-8(41%*&>UZC9(7/'@ .4G(#'
MW2^XU@ DJ3 D93 X?3C6;?4(3(U-Y0@ .9RU> YC$BH/;&W=4,IS!$@]T'!N
M6[8!( RI R &0', )-37&E1 &+?Z%S]G"_#?Y>^%7]_N;BR'5&-E)@=(I+2)
M!(.@ $'56B_$_P#Y)WK7%%5V=EM-I..EBO1$9'JY8Y]<37";+X;92Q:3R510
MH'/3CRDU/$XKV=QM+-JT$LLRAF#DP#F8=<+?W5RUMBU0BV2S!> 8NYTL<R-)
M*Y$S(P%:\6(XE4!/=TH!X ,5O-X8^@8^(;#XQ>N:E!A&O,0FER=*(6,@AA50
M0JJ 343+DD\^+NZ<P-NMUB>0*"Y\&/CWQ'^0D^\_'+>ROW=M/^]W0M= F"(!
M(51#*$3)T"AUV%KX]N-U\:^)_&$&^WEOXJQ6UMD&XOVEVNVV_5![%R+;FZS,
M+=LLJ6]NNEF;X+_/UK;MM1\8VEC==2PAK?7('TF>28XB<B14VGM*"UQXDB0
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M9DYRM>,XL;#XIM%>SMIZI%9[2I( @"TR4@ 1D. Q<O? =MU#7@%<]9=>0I)
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M*: YVMFX.J]JTGAT8,=T]ML?ANPVMN\=V+K/<NW3:MV4M:-3NP1X0!B2<Z
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M&GFUZH^KA&OVPENX;@!#EB.JU2670L"%-06B@.>$W5ZSIL.1TM<NH8@*S)I
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MD#D!3J+$/!(U=%>,3@6$>TQ9[J: I+VPA<*[_:57HB1"3J&DXO[BXUMA9<I
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MKT69D+TYB-/3G37$'Y"[\+W3,MN\ "5(#48-2014B#3*<C7&ZV_PM1;5+:H
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M5SV5ST<97/97/1Q96R&!5B>DC+P&6H"?PVYISA?VAADO^]"[9ZR<S]JD%?\
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MR[GR O;JTKLN1,\*B8(FO+.!M-N^I-QUEQK<#[,T.M8J%8R(-)RY.VVRFFE
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M4BE >"F) [A&%MW'UA!0YT-8DUXY<#/8W7QZY8%\;:W<-BTU%O7U4LBMP*3
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M7!1BQN/C?PMK.^W=XV;&U7<6KFLPL,UY1H126"GHL02#$$D7E^-?#'^&W+1
M :[;O(\B>@Z1,").G3)@,2"!VNV_\Y;_ ,C<=G97[9@FZJ']&Y]FP[ZL>P;=
MP2K"#W"(.-Y\-_ERSN&L;.U<NW!>34+(MH["XETYVR%'5ZY8Z8DL!&R_F"UO
M&^Z.NX2Y9+&"5W%\*=,:34SK!!$:=)!G&]^*7KO4-<LV$VUZV3UMJY;ZT7"1
M0&VZW K),.L@P0#CX7?W?Q#_ )=N?A5H65W"JMQ/M$2U<0V[@(=;A12LC4"
M1Q!V?\JKO'#)<.\U!AU]XRW67=2E=.JY?!U+1950#7&P_EZWO%-FX=NMF\B!
M1>-FX-RH5 T:KB6&+$&O3>/JX'QWXCO0EC;I>VI(9U'6W73ZRLK.RE-/5@,&
M),^3CX7_ "Q_S06F6VILZ4M.U];:#[2UJ!-MU5=2W+;RHDPPRVWQI-\A7X9J
M1ZAA-^+"BXT]%M:%8B2\@@8?^8%^(W#O;;)<:T!;T+8=&M);*QUL,$>&ZS26
M!;JY%?\ GYO"Y9.^N7S89VZL*UA;27E 41N+9U"&+*R,(*D5W7Z!^D=M:M?G
M7$'ZP/Y.Q9W5BT+INW IU3 4"6R(Z1%%K$U,Q&+N]7;-8MH^E"S!M8BIH!!!
MS%<Q7 )K!!$UJ*C%BWN4#K+,)[@'Y<;J_>,O>W6M"K-ZMF72KK12P,R8/,?D
MF38IK* $U @'+,CDQ[O^NGI8]W_73TL>[_KIZ6&NG;]'0H'33/4Y;ZW)I\./
M=_UT]+'N_P"NGI8]W_73TL'=;NUH00"=2FIH* D_)&V^1\/=!X$<#P.+FWU,
M0>FNJIZ1.J# )&K.9,F2:_*6^I&E7U*R\)C4"!D"-)&4$,>0=KIM1UMM@5FF
M9"D3P%9Y*5Q]VO;<[=089[D!0.4026_LS@;/:ZS,%R7<:V_.*A@O<%8%).9G
MJ4)'$J&([A:2,0,AV+VW_P#I7G'-#Q>4#F"757N@]LVWW"+<MN(96 96&<$&
MAK7NUQ_R_P"";6UL[,SHLVUMK,DY* ,R3W2>4X;<W3!1D9:$EF1@X41EKTE2
M<@"2:8E3(.1YL/?/YQ(YS  'AQ\<_G7X9MCO=U\-VE_<V[(SN/;4M'>\HCB
M1!RQO/Y!_P#D?:6;NVW&VO;NS>V]IT6P;;6QU.IGN!E(N!EZ0(5+LANCHN_=
M1-T*VB<B^DZ>\6C%OX;\9/Q1[+;^\N\L;A+P^')M";@0J2!9"0J=6;;=(!M1
MT=:1\*_DW_XXL6;%O<6CN;FZOVFN+=TLOV"0UNJAAUT/*HR0)<,GP#_Y'^.;
M3[EO/B5@/=M $+J!*ET! .AXUI3R6%3F=.YNJK')9U.><(LN1SA8'' V^S6Y
M;%QE4W#"Z0>0 E@6,(# *ZIH0,7KC!EN*Y0J\EE C2))-&'3I26.>9PFRV]W
M4R3UB@M -" 1&D]XDJ1!CY#8=V__ /C-[_9/PK]+<?19_#=G_<6O\M>V^*[^
MS;W@"[XL^R^UMIN[!>2R( #<8&(8!NC)7I*)^%_S[_+OPZ[=VEO;+8N;/0R;
MFR@5E 6V\,2H($0Q8J:Z7#CX7\1_Y?N/AVP^%N;A?=+U-ZXY-MM"VY)B;:B0
M2(+DD&%.[_E[??"MUO[#7GN[>_M+?7:P518N $=715SK.H!64!C\.;XEL-QL
MK-[8W%N,5UK8N@[EK8>XDVST]!TL59E8 JI:GQ'^2/BWPZ^V[VBVDLW;5BXU
MK<6DO6HT,B%2RH)@06020'5QCX#N[FV^)K:L?"[%NX_P^VXW%NX%N V]40A!
M(%Q6(;22(KBUL_B7P7XS\3L)?<,V['_CK714BY; 87+BDOI4"$Z+]80%4-O_
M +XNYM?#2Z_<[6\]>BC5JE9E!&D112:K]8GM=M_YRW_D;CLH]QM*;6+Q'%BK
M#2H_M$$GD!&9'8&+FSW2BY:NJR.IR97!5E/,02#A-G\/M+9M)Y**  ),F@XD
MDDG,DDFI['W;>*2H(8%69&5E,AE="K*1R@@XM?'&0G=6$ZM'U-1"""L3!!U$
MF09,$U .-MM+"$6]F_66069M#:'MB"23 2XZA3($T&6#\.%@+:-PWNB65NM+
M%C<#J0P:21,SI.G*F-K\0%D"[LD-NR9/01E*D 3!Z)BH)QN-M9VRHFZ9'N@2
M-;VWZQ&8@R6#UG,Y&1B[\=MH1NKRZ'?4QU*-,*5G3 TB(%*QF9QNOT#]([:P
MN>DNY',J, >\[)WX[%O9?"[!OAWFY"ZF4* 5*\1)D$@3%* F;VR7<=59ZG<.
M%: O6K:8H:Y-J51''*"2!AMU\59KNRO*65W8,=8($+65!K(B* TX[?FM@^$Q
M_P!G&WM_G7">\MMS\QT_);K]%/I;L6D^-[E;+7?)6"S1,:BJ@D(#340!(($D
M' W]^_;MV" W6,ZK;AHTG6Q"PTB#-9$8M[G<;BU;MWBHMNUQ%5RXE C$@.7%
M5"DEA42,/L[5Y&O6@"]L.I= WDET!U*&^J6 GAAV;>6 +=SJGF];&B[4=4W2
MZ-R0?LS#T-*'L7/TD_:'R8WJ9VYU#\Y(,CDE3#B>2) 8G$CY(NY  J23  Y2
M3EA]S.I0=*&>C$"2.!EBPU<0(!CM7MK0LK =T@C";A:"XJL.XP!_+VMU>%RV
MC#DU(65CW2K6QSA1R8N;O<'3;LHSN>144LQ[P!-,6_\ XEVOP[=;=-SN'VNV
MWSFV;-VZA8"@<N%?22A* $<?)UE#P[7=:R %M.P)^J54LK?V6 /+2E<6>5%T
M$<1HZ GG@"<6MJIH"6;NDD#YOIQN?Y"_E=FV?PC9FS;L[3[N''Q.W=52Y9BI
M=@SE[ %@J=:.KEZ6D^,?SC_\3_RYM?AG\V[KX7=NA-O9MV[C;@HS(#I6"58R
M1(4])@5!D?&=O_\ )U_?[CX$EAVO7?B2/;%G= D*EHW42I:%N*)T4$#4</>V
MR]9=;HL]NV-3 <#<(74*?G$8LV/YW^ [+XE;V[:K?WRTNX937)2 JYGZ]P5(
MBIFU\,VGV&VL($MVK?V=M$40%"V](  IAFZ-M!4F@'.2?I)QO-V&)V]U@+(8
M\5IJ'YJZ@"*=^15OY@^%W6LW %+K *O)5#J4R ZY3P"D<^-OM+UE(=E1V!(,
MLT:A6  ""09D@P5!@7]V! 9C&60H,J3 $GB:_(;#NW__ ,9O?@&YWMC=7CL-
M@VT>]8%RYU757$M(YZH'15GY/+8-GBQN?A>\NV_AMK?;79!;=UUMWF#!KQ*H
MP1A)*MJG4A094'\V7UWM\/MM^B6F%ZYJM(=R5*6SJE%T]'2L"*1&-G_.7PSX
MON]U/4&]8W=WK[;BXLD)*@I4Q3I0=0<%1/\ ,=C<[FZRW]K;W6S%VX[=6;Y5
M0MK4QTZ'W $+ ^QD0%QOOY6WNYO'XN-YM[*7#=N&\%W"BXH6X3K'JF4D&@N!
M>(GXA\%W6Z^-[BUM+>V5!\-N.[!NHM:GNAV( <RTYLY)))./A"FY\5L_!NHU
M;BZE/B N'40-P\= J-&J2 07 #, ,7?YE^#?S#\1W!V=NYI87S9E@P(MWT"A
MV=%(!9GU-.H-H90-O\<W7Q#>;RYO;%MF3<7S=MH2-1-I2)7.*LQBGX!\*_2W
M'T6?PW9_W%K_ "U_!-M_YRW_ )&X[.XO*#U8L%2> 9KB%1W2%8CF![%+K^<W
MCQZU_.;QX]:_G-X\>M?SV\>.JN'[1/G'+^0_TXBW<905% Q \ .+RV=S=5;>
ME(%UP)"AF,!HS:#SKC=B_O-R]IRK6RVXNLH!F4 +F"IS-)$<,>]WO:W/2Q[W
M>]K<]+'O=[VMSTL>]WO:W/2P;5[<775J$-<<@]T%B#VUV\?]W:"C_BO)\'4K
MX>P]I#I+*0#R$B >]B]:8AQ:N%"X\DL"<N[!-?R'%W^7-/6"^%N"XM=)5-1#
M?U>D0#P8\^%!^J(^<G\N-N+C!55+A))@2S6XJ:2-#<]<:D(8'B#(^;L-M^N9
M+-M;5PJ,V,N(# @JI(&H&9B* ]ONOT4^EL7%V)5;Q5M!<%E#QT2P!4D Y@$3
MRXWO\H_S?8&RWUQR;.]O'[87@.BNX:2G4W5@*MO3:MK&@&C8W?\ *7QIQN-B
MZ/;6Z&#):>2 EA@#UX5OM&>1;MLJHA<E@NT^&?S$I3:_RE;OW=P34/=MN5L*
M)S("JMN8) <BD8VO\Z?$K.XMI\4NO;W+O;T[<V[Y!L=4\DD( #T@L+; !()Q
M\<NN0%7^8E))R #[@D]R,/<^%;BWN%0@,;;!@I,D QE,&,7/TD_:'RENT#TK
M:JK#BI"@$$<#].8I\B6Y,6]Q<8W"0K>42LT/D@A3#92#! X@1VUC^JH7O(2H
M^8#M;#Y:@Z=TD!P/U">]A]ON%#V[BLCJ<F5@58'F()!P?_F#X4-Q<W-N\^XV
M^U=AU%B_<+%G6*D2S:5@!08%*8+GCVNY)S*$ #BS0JCOL0)X3.-Q9N, +;!Y
M)@!;@S)-!+I<Q2\'/]0%_!I!![QQ8^([SX+M]UO+(+6MQN;5HO;TE1*-IN7
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MLL3@;8.7 )@F9C@,R*#D@<0!\I;_ +U?V'[&Q_2?_+? ."[D!0"230 #,D\
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M^L(5.F064L"2K$:2 :@DS2,=<@:EQ;9! D%F"@Q,:3,S.7/3#);LOI5F0O\
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MA@'I4J""!T1IM[ZZJ=3=MQ 8Z[K%A>U,22]N@M@]$ $9&!<M6_B-U"]NT@,
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MZ"P;@.59*P#BU85";""XR-%%U*)MD\(/DSP,<,;+;I:=;EGJRS,C($"K#K+
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M6CND#2IC(,03PG$6[+GG;2H^<ZQYF,D3OEOR+/A&/M;S1R( @\-7!YPXQJT
MGE:6;SFDGPX@=L7<P )/<P+MAA<MW 8,&")(-" 8H1EAOA.W(7;6"JJHB)40
M3.9K,2<*7$2HCN9#Z/!V]JQ>9@RZIA'(J[',*1D>7 NV^LE22)6^P4M.HJK
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MBWE=>VG4 :!M><30'Z,(MI]08=&+A.H+F0=1U1Q->?!L6[@9Q]47)81G0-.
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M4,K>4:L#(FHB3A>LW4O;)*W-5L,LB".BH4@C,%2#QFF ;^XZTC5.MU,ZQ!!
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M4O$F@Q9ZJVQ2[=0W%@RC+=!UQF RB&I%%/$_)7KD3 '[0PG6*6#V1(7,@H)
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MNS!D2O(9$CO'!W.Z!^\WJW"S%C0F!)R$5@?T#MF53!((!Y)&?>PMBRZ6K:"
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MT*R]'D.@ XZFT%6Z)FVZZ;@C.5:O@G&E  .0"/HP/A>RU#<7QT6 HBR SL>
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M5B&!-8,@$DB"3@;[9F&$"XA\JV\9'E4YJPHP_K!@.V-RX0JJ"228  J22:
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M@;[97KA>S)M6V;H"A^SRD(28SG32?K8V^]WURP+EY%N$:G$!QJ4$"W 95(#
M$@$&&;/%VQM;FV+NI4:VNA8:C3IMSY),1QCACWG9^TO_ /M\>\[/VE__ -OC
MWG9^TO\ _M\>\[/VE_\ ]OCWG9^TO_\ M\>\[/VE_P#]OCWG9^TO_P#M\>\[
M/VE__P!OCWG9^TO_ /M\>\[/VE__ -OCWG9^TO\ _M\>\[/VE_\ ]OCWG9^T
MO_\ M\?;;K:!>9[Q/SV!].%1;NVZ( G5=X<?5&./AQ2]MO/N_N<,EJYLP2"
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MJ[#3M7((!&5VR(-2),@R".-!V'V_PQ;S(H8K>:RZV+H1@C]5=(T/I8P1(.9
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MNV[$:V1@LY200)[^#MKR&V]N 5)4Q(!!E25((/ ]T T^48\B+^T\_D^5V_\
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M !__ ,#C4?AT\/7YG@/4<?\ KIB6^&0>3[Q_^ ^B>[C^&_\ J/\ \!C^&?\
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M-XN]LR*,RK*30@#@#)B<JXL_%]DFJY8(<T8,R9QRTS((F)XB#;W$1K56CDU
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M2L0VHP*P022! P"54[D]$HK:EB(U:A(_LS.?-*[7:HH@>4\NTFI(DA0)R6(
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M.J.ENY;MD![EQM)TD\6+ 2!(%"<J'(G;_#@]NQ;>.L!(+"NE3%!0$YUB8&6
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M$['X9>M_\UWMH7KMVX45+5L,PU-JA%-P@*L\ 0 698V%[^6X_P":W[XM7;0
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M>,SQ[:Z]Z2MPZE8Y$'@#_5R[V"PB%SJ./(,SWL"_MR PC, Y&>(^C'7;BD"
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MTL>_WO"?2Q[_ 'O"?2Q[_>\)]+%VQ<N-=*Z>DV9E%->Y,=P?@ 9:$879_%F
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MK3T6$,(117NQ/</X2MVWY2D$=T82_P 6%1R'B/D;UB\>K-G/521E(Y1-!Q/
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MJ+$"C""3)$"M9J9]S_Q?_P 'A=R;75%5"@:M5)8F>BM233D'+/\ ^MB__]H
M" $# @8_ /\ 94__ )Q8[2G_ .<G/&>,\9XSQGC/&?8SQGC/&>,__P Y-?\
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M,:%H<YQ2".7CC72N8Q+  ?/V%.,Q^/?QF/Q[^,Q^/?QIFO'&8_'OXZ0!QID
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M+40WU@VII0:K@(@-0:::3GB[8&TMJMQ=( H%G7,4+9N3Y0(@"=(CL+W!]'R
M7EP3R_(5P!IU+$<_AQ3LGN=D0*G2>8?C&#<<9U[W]&(''!5ZSR'"IPKWYXG
MN@Y?//9!YORG\*[A^G\?G[.NX33*.. RK0<.7!9#3Y#7J_'GP%U23VBZ1F([
MDCL%>_X/Z.UO_P!C_+3M!LML55R"98D"@DY!C\V'^"RB74!,L6TD"*@A22"#
M(H.>#3!WH:W9L QUEU]"$\@,$FM)B)I,SBQ;<HZ;AE5+J-JMDL8'2 GGRJ)B
M8.+B6[UB[=M#4UM+A-P")G256*$9Q,B,\'=6]YM3;4#4W6F%G(,0D*>8G'_,
M3=M7+76&V"C%I(FH.D K0UF>;&T='M@;S5HDM32I8ZNA2@I&JN&NON]M<9#!
M2W=U7)F#T=(RX\F&^-IIZI9I)UD P6 TQ ,STIH:8?=J]NS90Z3<NOH348I,
M&M1PXCEP=JNYVPN@P$ZV68:0VI5528BM0#0D@#"H]^S>9BP(M/K*%8D.(&DF
M:=P\G:;;NO\ Y;XN?I-])[+?&+!0VT#$K+:X3.!ICG\K%SXE89%MV]7E%@3I
M$G2 I'-4BN-F0]O_ ,;.BK4@ G7T:9\-6'7;7;&XN6IU6[5S4ZQG*E5@S2,Y
MI$X@X_YX-/5#A)UQJTZHTQ$_UIBL1C[U9W>VTJH9_M3-L,)^TA"%-#,G,'DQ
M=^("]9NVK3A";;E@255I4Z0"!J -0001%,#9;2 Q!,L2%  S) )Y (!J1C_D
MC%5O:M,DG3E(,Q,$5'1FN6$^"7"@NW!*M+:"-):0=,Q0CR<QR5PPM;K;:DU:
MEZQM2A25)8!"5$C,\(Q?W=J_8O)MPI8VW+ ZN (6)'$$CAA=Y?N6MM;N>0;S
MZ-<Y%1!->$Q(J*5PVTOE2R9Z6##PCCR@U'$=G<_H+])_V"^YWK]6IM,H,,W2
M+*0(4$\#PC%J[_,6Z/46#K"Z*%QY'1MIF"9DC(1-<;FSO;!V]O=*0]PW'NR0
M(7H:3I,9%<B!R2+.W^([@[:]M04%P6V=+BB #I$,"0 :Q%<Z ?$=CM+[.+R(
M+>M""S -JB 0!41JTFL08D[.Q\$W$:+*K<'5@PX51$W$,Q!\FF/AJ;9M=_:W
M&9T(84)>FHB*@\"8G#?%+F[N6>LJUKJBS:HKI>J 36L\:B1"[K=.5M .-14D
MU$"57403S2!R\<';_%FT]2S&R^EF.ES5>B"><32('U1B[M]Z?M;+-<L#2QEF
M0K (! J3Y1 Z9P]B\_\ XQ%N6[=&)*7"I)U1I$&M3/0'*)[3<_H+])^0K0UC
MN\^,_FP*T.=,!F$$9&E.YAKQ85-!44X0<CX>]C^G!MN 58$$3F"(([XQZA/Q
M[^/4)^/?QZA/Q[^&W-[;+H I,U)H(KWYQZA/Q[^/4)^/?P7?;("2-)K)%9XY
M8@;=)/X\N&1+"D Q7Y^/+CU"?CW\ G;I^/?Q-LT%(C+DY<9_-C/YL9_-C/YL
M9_-C/YL9_-B>23X!.,_FQG\V,_FQG\V,_FQI>AQG\V&:8TB<L9_-C/YL9_-C
M/YL9_-B)X'Z#C/YL9_-AG2-.1D8ZMA,T'-2O=DX%QEJ5^?$D_-@.V0YL/<<]
M$]&#\P[V"C4Y*<,9_-@=_AW,9_-C/YL=8T1X\9_-C/YL0/HQJ)TKRG$:M332
M.3GQG\V,_FP77APBL<HY<9_-C/YL9_-C/YL9_-C/YL9_-C/YL9_-C/YL9_-C
M/YL9_-C/YL:>4?C\^,_FQG\V,_FP8< C@:3C/&?S8S^;&?S8ZXY?C7N8S^;&
M?S8S^;&I#\V-3F3W,9_-C/YL0/HPEGCQ_'NXH>,=_!)S^@<I[N0']&(B!P/C
M'BC$S(.,_FQG\V+_ /8_RT[1/T'_ &<+NKQ_\7M UMC^?;8]$GN$9\LSY0QM
M=E\+93?VQ.NT6"DY](20#RSSM61!V?P3>.K;E]U:?0"&ZM>L!J08&4<Y8Q,$
MX^);'X>B6M[;52KJ@UW$**2I8U+ ]$&1$IR$X^)@T(9/I&+-_J;5^;Y&FZFM
M:ZS,2*TH>0G'P7<:$MZC=.E!I0?9-116!W\/9_Y?M[5MKHBZBH+A!> S$7"U
M9!;H\I,5Q:^#_>@%MV_NYL=6Y#,\5-SR9-!QJ6!,FFX^%)8M;S;"Z9M.RAX,
M$7!)A05B)DAJJ.)LV?A9!MPY(!U!6-JY*@UID<S!)'",;C^]N?MGM-MW7_RW
MQ<_2;Z3V=D]SU=S=&VXX%76X*\P,$]S%_P"!;0_9[7:W">=[AU5[BQYV/Y?_
M +?[*XO?'?B++M]L'NL&9UZ8;4  H)/$&" :0!.#;V8OC=[BZQ ^SZE0UPGA
MTX6W4\XY,#X.-T- M?=ON_5O!8TGK/)U1T8COSCXYLKN=M%'=$7=)[X@CNXN
M[79)KN'<2!*B@"35B!\^-Q>^,7?N=[<_9*T&X56)D"V3)-:@]$@5FF/AGQ_9
M/URENJN.%*RRAH8J:K)U"O#34B,7-MNC&XV-^\;9XM:+.A7^S([P7^MCXK^A
M>_;Q\3_L8VN^^"%;BI;"-;U*IMG,R&('-2I@$ C#;6\RLR\48,OA'T&".3L[
MG]!?I/\ M'<_H+])^0*.)QTJC@<!AF,$L(_ZAES86XS$22.45$Y33+@#W,?9
MD-W#^0P?FQ#4//VB]63I"J(DP"!!IV)?R5!9NX.'?RQJ, "@ R Y,(HXL/IP
MY!S8_2>RW)'Y1\@3S>+LK=04-#W1X^P)\D5)YAG@J5 (\DSD.<]A[7%A3O5C
MO]MWC]![++<$JPRSQK7HB9[E<:7@LW'*F=/F^?L\#!IS<IP+? 5\/Y.;L#NG
M\F!JRXX*60:YDQ/<&-!8QR3V=0 GGX8'6&8QJX=FLD#(:H'?I@NWRTCA@@9<
M.X:CYNW+-Y*U.#:O  +2*UY,3;)U3EP'?X]N)R6I_)@QPIA0.<_D_)CI$=@I
MWQWL_FKWNS>_L?Y:_@FV[K_Y;XN?I-])_!-S^@OTG_:.Y_07Z3\A<NC,"G=-
M!@;7='[3*OUN<<^(M]($^#NX$@:IKR1RCN4IR3QPQWAU,J:Q(*B3( CEX#L:
M0TCD,$> S'>@XZ:^ Q],XZ+QS-3YQ*^$C$BHYJ_1V;EIFTEU@$\H(,=^([ '
M&&KR4->]VC]S\H_'O?('O=G[-B,0\-W0,=)C!X9#P?(]X_0>UZBZ)*Y=S^C'
M*IR/8?NCZ,*4-5D$<<_HIV._^0=D=9)'-GC6I)DP!S1QY\'K01I[P[APS'B>
MPMI)@5/.3XLNRMUC,UCE'"O+@H#/XY'Y=6[W@_H^CMR :'$GY"Y=;(?DF<%S
MQKB.0#Z)[(8<,4RS'</8O?V/\M?P3;=U_P#+?%S])OI/X)N?T%^D_AI%NYJ(
M!)BVA@ 2287("I.0&$TL3UM$^R3ID&"%Z'2@TI-:86T&.I_)'5)+5(H-$FH(
MIQ!PJV27+@E0+*G4 8)$)4 T,9'!T)<,&#%@&",P?L\^; %U]),Q-I!,$J8E
M.!!!YP1F,#K$==1@38 DG("4J3!H*X";DFV36&M*ICN%!@7KP9$,0QLJ 9R@
ME(KPY<&U<N:6!@@VT!!' @K(/-CJ&>+DQI-I-4\D:)GFQHO!D,%H:RH.D9F"
MF0XG(<<(JDDW/(^R7I?H]#I=Z<#;/J%QLE-E0Q[BZ)/@P-O<U+<;)394,>XI
M23X,.$8DVP2T6D.D#,MT.B!QF(P-Q=U+;,0QLJ%,Y0Q2*\*UP ]S3(!$VT$@
MB0?)R(J#Q&/6CV=OT<>M'L[?HXO)O7#!%!$*JU)_J@?(/H,:>EW0*GYL!E,$
M<<:=Q]JO/1O#Q[^"6?JS,0V9[D3BXU\F=0T@0!,P*R=0^M!KW,9XSQGC/$J8
MQTR'_2$GSO*^>,=-8[A_(1^7'1<#](1\XD>$C$K4<H@CPB1A;CB@S'&#0X.G
M+LE8R.?+W>YP[OR YR?F \?;0(K@-<  /?[=>Z.U6(K3!#FLT[O8)2#/XC!8
MQ4SX<#KO)XQ@W&$ >4 3W >7\F(LKT135RQ\W@[.FC#GG D#4)@]T1ERX"O%
M.,5P&"AE!$\F&ZH0/QKV!;2).$D9".3YLL+I\DY][+G^6ZFX(GZV=3XACJK8
MUZ*R:<8F<\SEXOP 6! 45[O=[!/+7P]I7-?H/B/T]BY]YL,[]&2'(!Z(BG<@
M8]V;VAP#<VKD<@N''N-SVS8]QN>V;'N-SVS8]QN>V;'N-SVS8]QN>V;'N-SV
MS8]QN>V;'N-SVS8]QN>V;'N-SVS8]QN>V;'N-SVS8]QN>V;'N-SVS8]QN>V;
M'N-SVS8LC9;1[=V6TL;I8#H--#G(D8;5\-),F3U]RM<?PP^WN8_AA]O<Q_##
M[>YC^&'V]S'\,/M[F/X8?;W,?PP^WN8_AA]O<Q_##[>YC^&'V]S'\,/M[F/X
M8?;W,?PP^WN8_AA]O<Q_##[>YC^&'V]S'\,/M[F/X8?;W,?PP^WN8O#X;M?N
MY"C4>L9Y$T$-E'X;:NW/(G2WZ#=%_P!4G#VEN*?N ^Q,C[1FME'*P:_:E7I-
M 3CX>+BVCI1=5PLP*'6]#%P((SZ2G.M(Q8LVVM--JXMQ'N"W(-XMI#:ETM0,
M)(!&8(,'?V[5W6K6@%+-)8Z[1*@TUZ8(! JJS$8VEVVZ$6K9# W+88'K;C1H
M+!S0@T4YX7=D6%M]>3UBW@S,"6JR]<X4',G0L&,LL;:ULS]DH<PS!KBNQ&H-
M 7HT&@A0&$GRI OUM*+B6-+)<#/<9 G1=-;:0O2DA;9E15I,WOB6YN6S95WN
M#3<M.SUE $#R9)!(,4!DC";Y+_VMVT]DNX",MT* EQE5G(#*=.L$P033(%M[
M=MW$ZN]]F+H8&5RE25!N9 !M9Y,L;ATW"SNK8%IR54H RDVG ]5T04!@(1$&
M#2[L[NX07+MK3;(N!E3IAF0N"43K #DT#ZQ$XVFVW5Y&=;VL0ZLMI-,$%P2H
MU-!@,0(DP3B]=MNHN;RS<:X) AEME0O=N7"SQF>C$XN,K6E#6+ #)<#7&=%M
MPC)K;2%(,G0A&D2QXHVYCH @1.1/.36($YD %B37L[C]!?I/R%YC7HD>&GY>
MR=]?;J[:,*D9CC'+R "9)Q!26W #Z2?(,1J[I$",J=W%3\@ F9,#NG&@&5%!
M-1 H,YP=: 0"9$CQK4T\G'1)'=@_/3Z,=%QWY'Y"/GQ+*64B#IAHY#T2<C\T
MX@]N@YI\)/Y([?0S$@<)[=>Z/I[:2>U9K9@B/!4?EP$02]LDQS'C]'8)ML&8
M0=(Y^?+N\F#;N4([.D$QR33LSB 6 04!XGGCDX3@);GHY<G/X/EXY:>&F(/8
M+J)"YGDGL4^5)!H<NYP^;M)4YTR!^G!5LQ40 !''+E)G_JQ=_L_L+@;G96+=
MVR& U%[NJJFEU=:D$D$@II7HQ+#/=D6 $V@D*K7)N%F51K+.QTK))T:3SXL[
ME[0M![ILLH9RA+(2CK+%@5)&H%B,L@2,6%O*0]HA]S4^K97N 9TA+<$B#+#F
MQ:NA;*O=MNT.=P7GK+BC1H/5T"@#7Q$M3Y?;]UOV&PZ6E+&6, $F!))IP J>
M083XB0L[?;6 H=E0&XZ  $N5 (74T3-!3&]N_#STPUMD98)6Q<#-J0B>.E2R
MF@R(!Q>?XO5FZC0;@TJYB[U9N& 60M1FJ3Q,20K[XL+H9M4Y@A6R%(C@! B(
MIC<.=Y?(%D#K6'32;UH=$"\U.6'%":'([N_M 5W%M[:,].LZL(0;LC+K& +,
MO BM9QMM]NT<WGM7=;H/M%282]6.D!(U$@E0#JF#C<6SN7<';FXIED)E%TLR
MS2X! ))+4\HX-RZQ9F,DDR2>4DU)^3W'Z"_2?PWU6X\^WZ&/5;CS[?H8]5N/
M/M^ACU6X\^WZ&/5;CS[?H8]5N//M^ACU6X\^WZ&/5;CS[?H8]5N//M^ACU6X
M\^WZ&/5;CS[?H8]5N//M^ACU6X\^WZ&/5;CS[?H8]5N//M^ACU6X\^WZ&/5;
MCS[?H8]5N//M^ACU6X\^WZ&/5;CS[?H8O?\ +TNJ=(GK&4B)X:0/D+Q DE2.
M7.GS9]@'>^1!BA(U<) J1R@8M#=!G2X9"B@"AHC2)"TCE G,G!L*(N([!J?5
M6B5[F&^+_P TIM+V\=;YW]Z_=5;VUAG6WU9+ V@;85U90==QF23HZI-S9^'N
M7L)==;;$060,0I(X$B*<.W4_FRW? I^M'88\I [PJ?GT]I1CX<=( ]T#Z1!^
M?'22.XWC!^G&9'='B)Q1Q\^.C7N$-]!.(:AQ!.0 \  QGC/&>,\9XSQGC/&>
M,\9XSQGA3/$?3B"<L9XSQGC/&>,\9XSQGATO@F1P[HX#GC :X(   @5'=//^
M3!W(8!6J!!S(F./TXU(T'FP"YJ !X.7&>,\9XSQGC/&>.KMU.?>Q5"1S5QH
M,\D&?!C6JD@S\V,\9XSQGC/&>,\9XSQGC/$@X)Y:^&O]&&OA@ OA.&M! K$
M2.,$9C )K'#EQILJ.FLS0D&9@YC$V*F1( J))X#\8QGC/&>,\9XSQI6IY!C2
MU".!QGC/&>$XF,Z9<!WJ_1PP-KJTL"S"DS3*?Z#VFI3'@P]XW;:DZ?*< B%
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MI=*HNC2H5#FBGBI)DD\<.6N,.K,/]FG0), -T.B201!BM, :WEBH'V2U+"5
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M8O Z1@00H @0L3*+8M%;=M+J %]33=4JS%M*@Q(@!0($9DG%K8W4Z5LSKFK
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M\\E2LSR9#@!6=80@C+I2 8H8()@&M2>[AKC'IJL5X@L!,\P)![T<8ZNPL\_
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ML*2JMY)#RIZQ$,-Q D&*XVMI+-MUNFX&!MH6;[9U #Z=8($!=+"(&-&W2W<
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M3P YS@[K=&6- !D!P YAX>QHM*6.< $F.6!PQ]LRIW3)\"ZC\TXH&NGGZ"^
M2S#OH>; M[1=+'((LMWC5ICB#E@KN597-3J!!//6IGE[#V;TZ7BHJ0RS!@D
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M@HJ\LS(/"(XXM[WK[[VTNI<ZIE&E0IKI^V(D"8Z(SS&+*QH:WJ!555;9DSK
M6(=A 8:8H"#PP;81BP6VMMC'0^S2W>XY.%A?"8Q=M;C6BF\]VVRJK$"Y$JRE
MU' $$/0SF,-M2KKMS9%E31G$/U@<B54DM,K($& :26M[?6 ME+5MB &U+>%W
M4P#'375 !:*<YQL]P+90V6UW  (+%PS%*_6@F#$$QE7%TV[6NY>N:CKU !%.
MI "CJVK54UB@SX=>J,NJ\EY@ (!",'"]*LNTK,4S@X.RNJ>NE 'I!2WJTAJS
M*ZB 8,K .5>UV_=;]AL:[Z=8@)E9*SGQ%1RX%@V6-D6C: ZP:X9PY.LVR,Q
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MS8-MV9BIK  'A)^>#W,0EF?TW8^#1U?SSCK]J5MM!%$04/+ D\TDUP]GXCH
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M!/<SPM_J^M0S425(JI$Q0YU[XD5Q]PW2M-N"%>C <Q$$\DP#!@YUZ^V6:O-
M!-)X\@XU[N UT=$ FL5X"AX216(P%'#Y"]O-JBE'T02Z@T15-"9S!QY">T3Q
MX\A/:)X\>0GM$\>/(3VB>/'D)[1/'CR$]HGCQY">T3QX\A/:)X\>0GM$\>/(
M3VB>/'D)[1/'CR$]HGCQY">T3QX\A/:)X\>0GM$\>/(3VB>/'D)[1/'CR$]H
MGCQY">T3QX@6T]HGCP5;JP1_]VWZ6/\ =>VM^EC_ '7MK?I8_P!U[:WZ6/\
M=>VM^EC_ '7MK?I8_P!U[:WZ6/\ =>VM^EC_ '7MK?I8_P!U[:WZ6/\ =>VM
M^EC_ '7MK?I8_P!U[:WZ6/\ =>VM^EC_ '7MK?I8_P!U[:WZ6/\ =>VM^EC_
M '7MK?I8_P!U[:WZ6/\ =>VM^EC<?>BGV@2-+JWDEI\DF,Q^&I_Y@?Y@QKO7
M&N#:,]PW;PR)(6W:Z)N,4U@'B2)A17#_ !.U=A;^W=C<M TN+I6X5#=69U=*
M#IHPX8O??9>V$L 7&J+IDZ;K@5922-0G5I6"=4X3_G4&6J6\@B#H(X=7,9='
M3BQ_S/5U?6B-<1J@^KGZL?\ T^A$3PPA6_<!ZYE\MO)%M(7/R1R9<V+&[6V-
M6[^TO"A#FVQ2 "K !B"Y!##412% P=T4%LL!(6(GB: &IY9/ L8^4N?W+?MV
M^Q?[B_M+B,:5$DT Y\6[&Z8,@MZ[@!JKD4MGC]93-)$QA[%SRD8J>Z#'8TKC
M5<,XD8-R\6-Q?+Z1,SDP!G/(\ >8@8Z+..^#^3 N(Y:3$$85]R0J7%*:CDI,
M$$G@)$$Y"9-)QMMGOPIW&^W3.Y4S%H:96<HEB1C;[%'71:(5VD  LPU#5ET0
M*UH9&/B#F[9 /56+9!0/I: YU"K*"TYE5"S2N'VOWFTEJ_<M6P1=1B+: .S!
M9*("0R=(&21(J =K;;<*VO<7&=C>1X5;;JI8J0B!NB=*@*#2)G&\V^RNVXMC
M0DW5M]8]YRUZXKR(TB I$D!1!DC%T+NK8-R[8L@BX 19M=)FG5(!+7%U$P:5
M,C%M-K>1WW&[DA6!;J[:Z0:$T.@$<""8GB;%BXK(EV\64'I=8[:V9AR %;8,
MYH>?![F).,Q@;?K.@#.F:2:$QRXS&,QC,8S&,QX<=%@0%19G/2BK^3&8QF,9
MC&8[0G&H\.ULC^K]+,?I)^4##+CE4<1!D'O@C#6"R]$T/5VZC@?(XBN/*7V=
MOT,4N1W H^@#'2O.?[1\>.D['OG$]FXFHQJ6DT$ACESG/N?(!OS7'ZRF?G5>
MUG#-^=!\(!^>9[5;"F)F2<@ "2>\ :9G(82U<SU.169!B& @%08B")D$\8'9
M"93CKJ% "0U(F*#]+52*P:U43VHV^UN:9R!(B>2M!/>DX%G?6];AH#- 99IF
M1E7.<CG&(<3E3/G^;&YWBJ NK0*S4>5X8![_ ,C?_L?Y:X7XB8ZMFTQ/2XPQ
M$>22& ,YJ1A?AY90[ &:Z0"@>L"<C6 :\N#>MW$>WH:X&4M!"L$8 ,JL&!84
M( BLX^[N5DVVN@@G2552S &)U""((SXQ7"W+M^WJ9%<)]IJA@"*]7HF#^?W\
M;?JR&^\DA8FA#:2&I0B03$C209Q>WB%62RVDD$]*H!91%5$K),0&%,XLJQ'V
MRAESH"Q433.0<IIB[M&=4-G7J8ZM,(8,:59CS='#W-K<2_H*@A \](P" Z*2
M-4*><CEPVW=E8H8)4R)XB8$P:&*2*$BOR.W[K?L-B]9F-=]UG.)N$3A%VETN
M&NFR=2!(85+"'<%0)),@B*BN'V_6CJD3K3=@P;9 (8+4R=0 6<Z$TQ;N;.\7
M1KB6WU)I9"YA25#L"#!@ALQ!C&X.J/NZZLO*^T5(SIY4\<HY\6F:Z4>_<:V@
M":A*A#+-K! .L9*T02<+NSUK:D+RMG5;%2(:YU@C*2=)@$&#A-_K!+$:DBJJ
MVH(Q,Y-I:D4I^<,%]Q=C4%ZL::N64,3&KHHI.DN29(@#..JZQFN P0;952(G
M4C:CK7@#"SF!'R=S^Y;]NW^&W"V^ )=I'4W#!DTGFQ[^/8W,>_CV-S'OX]C<
MQ[^/8W,>_CV-S'OX]C<Q[^/8W,>_CV-S'OX]C<Q[^/8W,>_CV-S'OX]C<Q[^
M/8W,>_CV-S'OX]C<Q[^/8W,>_CV-S'OX]C<Q[^/8W,.VUW77-U1&GJW2!J2L
MM3.!&=>;L7^XO[2]@WKHE;"ZA^F3"SW.D>Z!B]N%\J\5)_LJ% [E">Z3@WU'
M1OJ''Z0Z+#P@,?TNQK/9%Y*Q0CE!S![O].8P+MHRK"0?R'D(-".4<D'"_I?D
M/8%KK&TKD-1@=SD[W99>H#%A;$DY%(DJ !&L"&!U9FO(52RMLEV>1P! &@"!
MT5(D5R,&34R^W0MK1IRH@C1  &EJZCF3')56;;(89F-34," LD&BS(D$=%8
M.HL;VR8(Y$:M*D]XL#'>C!N.268DDFI).9/.<'N8/</:!W 0,)&ME0D<H#$,
M0>#1!Y<"UNET,1,2IH<C0FAX<N8[07!;@$$B2%+  F0I()! .DQ#1"R:=B@G
M [0]PX [6R51B @K!BI+9\TQW1B74CN@CMH0$]P3B C$_HGQ8]6_FGQ8]6WF
MGQ8DK'=(!\!,X^KYZ>EC3*FXI&F6!D5E9!/+22!."'4@BAD1!Y.W.W8P+L 9
M1JGHSR9D=^N(-".WN33R?VA3NY_/V+'P_6+?7W$34QA5U$"230 3))H,\7OY
MU^"_$KS_ !#X>EI[_7%>IOZW2V194 -;.IP0&>X6 ,%?),]BU?O,TE%\G3!
M73 )!@AA4D'(B 1)%VTVJV3%:%3F >!D3!&<&@R[$ 23A>NCI<AF(S!BDCF)
MPYBFA@3($9$9YR1I@5KS=JUXY*/UB#I^>O<';Z-Y;-Y,E))!!&8#1.68G'66
MZ&((Y#&7">[QQ;53,R3W23(/.,N]\C?G^I_EIBYM>IBPUL6U;I=8- E"5-SJ
MYU])H -34UE/B2M<+ *"AMI'1MA*-UAFHF"@I\]U=U75:-M JJJK+JWDJ%4
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M$1$ 0*4PNV.V+*H*C59ML0"22 S(6%22*T)I&&MO98!@%8BTBLR@0 SJH9A
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MV&M[V #DU=0/-%.[.#HG3-)SCA/9A 3W,?:L%[\GP+)\,#GQ0%N[T1X!/[6
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MW5Q494ZY8 +4,D7G: I8C20=499XL7KEHKI1K5Q4DJUH@@:2[LQ8 GRC%%K
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MW .H+(I(]9<!8*@$T+A6.9B(KA-UNKS6];L@ MAP-(0DL=:D#IC)6-#W,?\
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M67X33&?9.ZM;:X2EPNO08@PTC("0>8Y84V=D;85F<A;=TAF92LL69FH"8 (
MG+"FYLS<TVS:)9+DLAR#%64]$44B#%#,##]5L8MW%"M;T72C09!Z3%PP.15P
M1PB3+#;[0V0=$:+;@C0=0())8F<RQ8\)&+BW=@&6Z59AHNJ-2AAJ&AU@G49
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M0#EYI[I)$8C%KN]I:[_Y.P+ W!T!= &E/)@"/)G(#GPCFZ0;8(4 *%4$00J
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MSM^CB=">8OBQY"_K>ECU:_K>ECU:_K>ECU:_K>EA750LSE/ \Y/;A28DY\F
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M&5&4_03\B;UTQ:RC\_FKPY\YR((D"U94*HX#Y4IT8X=RL37/&I^2($CP5,'
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M/I(^5;]%_P!D]NG]KZ?D3=.O5;#-0C3 %)&9)K3+ N78$"  ( $SA++'H((
M&7=[O/A/[0^<'Z".SJ<DGG[4(N9QU%EB54FL^5PD 9"E,SQYAVG>7]E>PUM&
M(5LQP/>[";>P"$2M<RQS)^@#@,%WNA'4RH(F8J9YHISUI@V[+:U$08BA$]GI
M$GNF>SIH1R$2/Z)YHQUEFJQ,2)'*(S('+&43V0Z&",B,';;E%"W*.X'2.72Y
M-0S[M8X8N6=LKE$8J# KIH2#JJ"1()@P<AEA+EY;@53/1"ZJ5$2T9QWL>JO^
M;;_>8]5?\VW^\QZJ_P";;_>8]5?\VW^\QZJ_YMO]YCU5_P VW^\QZJ_YMO\
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M\AF7,!C0&,YY,7OB%A9M6(U&?# XP*GD&+V\L@%-OI+UJ Q(! XBE>05P?A
M4&\N?2&D +J)+9  5/@SICJ6>W<D2&MN'4BHS'&14&#S98O[G;@%=NH9ZU@S
M4#C$$GDQ8WM\ )N-6BM2%B21PF01RC'WZX%@!690X-Q%?R69,P&X<>4"N+5^
MRHT7KAM*2P'3B8/)(!CN8N+8>V&MS(9PI@9L <U'$Y##[#9Z;CVP22&&@@$"
M0V1!)$<N/NFU6;D,8)CR1)%>/-BU=NQ%Y=:P9I)%>0R#3%FYNUTB\NI:\*$@
M\A$B1PG%S^Y;]NW_ + .(/R6GD [$8@=B3VJVOS% [_E-^L2.]VT#/$- [I
M[U30\QK@:A$Y85MQ<":JBA8YD3"S D'.,J XN)9;60 28( J>6#/>CG^3%U
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M6V>LU%BK#2SZ05S,<!C<[[:WAU;+=:VVEHUNA*B(FCG3E%.3&P92MNV$47@
M0$)<M< $2<R1&<C+%WJ2RW4OFXH<ZM2W!#!(4!0-*G233E.+O]RW[=O_ &!&
M"!V]>Q!R_)@L>.)Y.TCEQ)[*J<IKW./S89@X@DQ*6\O-QY:^SM^AB2R>RL^A
MCRD]E:]#&:>RM>ACRD]E:]#! <":2$MJ:T,%5!'=!!Q)PZ6X.K*:A6_. R+1
ME(/<QUE]M1[@%.8  #O#"C3#N 7/&8RGD&0&69S))^3Z0![V)OV+;_I(I^D8
MTMM;8_1&@^%8.(%DCN/<_*QPK(;A9Y@:E@1$_5GCW^486S;$*H@<YXD\Y-?F
M% /E$'Z7Y/E;C<P'A8'_ +/R89:$?C^(XX%T&"(R  IP@0(YHC!:!2JCZJF"
M,C/+.<R!@6+;$,"3JH:'A!'+7'6*@#\LF!G4":&O*0"*1E@ZF)GE)Q&"M"IS
M!$C^@U-1!KG@H1HD@TDBD\,Z@\IKS9.FW<Z&(# @<0:@UBB]LI! DP20"(-#
M(-(C!$17+D[_ ![O'MD_1'Y>UN+>K>-5IE&4'D/'_J[ (\I,^=>!YR#,\T&(
M!(^0"J5TVR&,JI->21.8K4>/&\_O[O\ F-V7N/OKNROR(*H7ME1P95DL9-)
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M?/0_0Q.*W%_6]'%7\ /Y8P"Y+ '*,QX<$L9)KR9U%.%.' =LOZ(_+V_-!GA
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M%NV5:=PUXZ7+:UHT 1$BM"3@[VU;(<VQ;"0HM@=:&> ,A<4-J$3J=JD$1:W
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M)-28X1CW<^%?2P;EVP0HXROI8]7\X\>-*VS/='CP5:V01W/'CR#X1X\*]Q(
MFM.0\_: BF ELL2> DXTW_+)DUGN3S]KH;)B&[WXB.QIN 'Z>\<0:J<C^0\_
M8%MQJ7ARC&A%/S>/LEEIBN*8C$?[.L?IG]G%JSNG%J]?>X"^M@5" %?KA%)\
ME2X@D\<6[7WE>L/E7#=0L:.8,W-'!1(F@IG.!8NW%M6I0+=6[K9]11270W"
M!J+$A4"QI,YX+_>P8)$$H0L >5H<L34L"@,A8C,@;=3J07 LR#(D"96145$$
MQ,2<\3LR;) R,L#S](E@>X8YN5=QO3UET5 !Z(/#D)/=IS9'#67 U0=)82%)
MIJ I428KGS2"/O-U56LZ9)YLP!7%S964"ET*ZC4S%&)[L$@0.  &/^0?%CI9
M&*(QX$&#;;OB%/>RCM[>VV":W6ZK$2JT".)EB!F1SX]0/:6_3QZ@>TM^GCU
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M[>L)?!N :7$@'2YG(UI'<)P6VOPBW< H2MLL >0PIPUP_"[.E3I)T4!Y"=,
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M''O]CSAX\>_V/.'CQ[_8\X>/'O\ 8\X>/'O]CSAX\>_V/.'CQ[_8\X>/'O\
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M!!UY\(4IQ)*CKTI[=>W0@?-[Q '8D]>@["OI4GA:2==%'GRY\]0> E())(
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M8 #IH=1IR(.FG;PE(*22#U:C7EV#77R^77@'EJKF3[8]KC7D?.4!IZ@5H/\
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MGV^.T^WQVGV^#TJ(UUU'DYC0\N!YZO-[#J=1]7@!7G =FNH(]8*X\X I]0
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M#U>#H01Y#H1J/(=./M'@@NN$$)!!4L\D^Y';Y.(Z0MMHEI"TI=4I/]K'/NT
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MR\>7CR\>7CR\>7CR\>7CR\>7CR\,J22DAU!"O4\X<_G$QNE?4II3@7IYA"2
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MHTY'U.%OO.)*U_UH(2D#L2D>H./=CV_L<>['M_8X]V/;^QPJ6\MQMKO4);Z
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M))Z3U@'7R\?;X^WQ*26U",M"' X4J""ZE71HA1&AY:ZZ'EIP5K4$I2"5*40
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M /5_\47\2>/E?_\ 5_\ %%_$GCY7_P#U?_%%_$GCY7__ %?_ !1?Q)X^5_\
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M6H[:'$R5@E#C#I5V @^MY>?D,>;'JTB)'6%&$^\%F20M2RI]>A2"2H:!(T
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MGLC@RJ]_N75MEI>H0M#B"=>E:%:@Z'L/:/)VGCTJP?+[W2$))Z$)0@'4)0A
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MI6B.PVT%!"/<DJ"DJ)&A!'!@N64U<,I;28RI"RT4-)Z6T=)/N0/W/9ZWS/\
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M[$\'/_HUNW_V?\LXW-_SA9G_ )1R?V)XQ?\ -%MQ_EG,_P!4?&+_ )HMN/\
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M/+[7'E]KCR^UQY?:X\OM<>7VN/+[7'E]KCR^UQY?:X\OM<>7VN/+[7!//0$
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M<8<6TXE23JE06WH00>8/ 3.?C73?E%U%1-DJ .J4^^Z.[GI2/(A$I*=.6FG
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MF.9$4Q5.>CM^:M823H5$I[#TZ@$1V)XA+5&45"4S CQYCQ(( ??9 U U/F@
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MPV0MR4''$.;C;WYOFFVL[:^ISK<#=&C_ !7W+VHS^]RZ1&NG;#":NLP>EO\
MTQ]R3-?AONPY8C!4=M]+KC("EHQ[=>OW54UG.<;/Y]LM:YYF\&GP[+L<W7JZ
M-B!A^Z&14-!9W,B%$LZEYJG]^V)+R6G6W7E+;6A2$2).Z6=;<9GC8VUWL=C[
M8UV[]/EE7-=E8MT/5[]CB4N950W\C7_>;#,><;!U225QP.Z*]X["NWCQMVRW
M^VRKZW:+,[F]Q[&YN"1*O)H$^[V=S2!"<;;Q/JKHSM/&D*:CUCS26U,O)9>6
MEO<#;&_W@PB#G&=[3HQ_;BW@[E5V28O@C8SV+>9!@=AG=._(HJ?\88<:0%+B
MV2HZ.I*9KC"GM#X><(SS<7"[3)*#?61G4634YS0Y3CVU."O8T:V?63,ZJ9+]
M0P;6P[F:J%!GN-L^CAUXMO/J3QN-D5-E&.0\Q\2^R^Y&3[I5[T^MB.T>68]M
MN[C47$&R^M)3)R#)'[:Z:AI0EUU/H90%H4C7-9\6WVJI8]UX?/#[64V6X=N7
M R#=++L_P?'\9?B89D. L75KZ!$@RX4I,J0BBJG&C%:*Y;BE*2_03<Y<A%>-
M0YT"J:KW;Q3#4.9)2ZA#J+B;,*W6VFV(QED^D2$,MKF/29'6^KYF\?\ Q1QO
M_AE[Z!GDU;3CP5C5G!2AML.$+M&#6-NJ2KETH4\%K)Y=(.O'NE>R/L\>Z/LC
MA_<C([8XOC-)=U8]*L83I;LXB'2[,<KR%!;SG6E$=EMIM76XK34=)X6RY1KF
M6>Y]?6Y6S16$A:6\3EIAF)%R-Q;9*_2GVNA!9;6A!#9[>I:E!J1/9;<Y>:IQ
M /,Z#4:\)<:=[Q"AJE22"#Q[H^R./='V1Q[H^R./='V1Q[H^R./='V1Q$C02
MZ9TJ2Q$B!E70ZN3*=##+:%I((*E* '/AV(S)3,KXY1#C-RVV)\61%@I$6*\X
MQ-#B%E:&TK)4#S)/$LSJ6*WW,*3*=F53LFKD)6RWHP$LM+7!;"W"A!TA<R0!
MH3PLL2[:$2!W:'T1+!"%>7K?:,<J'TFAP?0[VM<Y'I;FIFP'UJ UZ0>Z=83]
M-<A(]4CA:Y%5,L:R;$>C3ET2X>0&..GOHLKJIGGD(6TZE"BE:TE3?6@:=6O!
M2KKTT2I*RAQ 4E: X@]+@"@="-4J (/(@$<=I]GCM/L\=I]GCM/L\=I]GCM/
ML\4[6I!37N/.(U/)V19/K"R#Y5,ADZ^IIZG':?9X[3[/':?9X[3[/':?9X[3
M[/#=?(L)C\)E:%LQGGUNM,J;06T=RE9/0 "1HG0=FHY#3M/L\=I]GCM/L\=I
M]GCM/L\=I]GBF))(%M6ZC7R>FH]?A/,]@\OK<=I]GCM/L\=I]G@*2I04"""#
MH01S!!!XZG777%::=3BU+.GJ:J/':?9X[3[/':?9X[3[/%E)K9*XLA!AJ6X$
MMKZXZP[#=9Z'0I*M2^DZ*3Y-1S XBPH3<AZ\QVPERWHS2"5OU5@Z2]+;0D'O
M.[66TJTYI3J3RX[5<27:JR@65G'8BR33PG2Z\&)2^A/7*<Z&0M/,N-]9*--%
M:$C5^KLDI;EQPV5AIU+S92Z@.-J0XGM!!'':?9X[3[/!A(F2D1"Z7S%2^XE@
MO%'=ETM!73U%/(G3LX[3[/':?9X"D*6E0YI4E1!!]8@\)CMR;AB)35035PY1
M4\JSL'W%*=;FKB\E(92$H:#B@DA2BH$A.D2!4MS&_>MUER&YT=U$?;?8Z93"
MV5D*2IHZ!*NDZGJ Y'4]I]GCM/L\=I]GCM/L\=I]GCM/L\=I]GCM/L\=I]GC
MM/L\=I]GCM/L\=I]GCM/L\--+44MRTO073KV-SF%1%+YZC5/7U)U': >%(7U
M!2%%*AKV*2=".WU>.T^SQ-FQX[SL2N2RJ=(3IW<82'.Z8[PDCW:N0 U/;ZG'
M:?9X64A:@VGK<*02$(U">M9'8-2!J?5''/J'T_6X[3[/':?9X[3[/':?9X[3
M[/':?9X[3[/':?9X[3[/':?9X[5>S]OB8HNH6V]W3\7NP&PB$XT/06U,\N[*
M60@%'D]4]IUU5H3H#Y"1VC7CW1]D<>Z/LCAUV(ZVE3S)CNI?C1)C+C1<2[TK
MCS4.-DA2$J2KIU!'(CB7'D!E,N%W4R.F-!BQ6$1$GN)828H2>MQQU"U]>H/2
MD)Z0D)XW#U!!_P#2EV\C^0U9IQ%SK;#:?;C<+;2MO*:F3DD[-MW/QE3)M,;D
M=%1O!B+%S5O0YLF5'ERH4BE3$A=453:7);*TEWQ"O,;34D7%?#C51YM=B&/9
M)N1Z9N%.R?(ZG&JMW.+:^N[%]NNJS)>DR/>3T!U86$K> Z5)VPS>SP.!@$#(
MMV9FQ&3X_6Y'FLO$9MKE6'/3,.SN@D7=A+MHKM5.>C&SB/V<F.H>CK4$-O.-
M<;1PLEI;"/EF V4',/%"PNPM6"O;O)L?N]R:B*J.B0$PD0Z7'E1'Y$7N'B]/
M022HLJ&WF0-4&RM7E.<[<9AE#L3,+#Q-3<[D62-PLAQVH.'JPR0O%T)9CP8L
M>&FY4@*?:4Y,"FE]:_HVSG^[<N_T?VW&4U]!3VEY/1:Y18+@T]?+LY:(%6](
ML+.<J-"0M89CL-N/ONE/2VVE2UD)22,>WJD0<9>F[.^%K8.!C=9F^58O@]-,
MW)S;"&*ZFK9MUFDVO@MNQZKWTL>Z<?#@+392@J4@'Q2W^SCO3E$>^VXR+#,D
MQU^#/L\8\/>XD6?DK^3X1=TKCR$H1)555<RWKG5=RA([MY"'RM6Z-EXC>_F6
M=V[L"[A<[<> NBQ_,;AF%ED?;*7N#<)CLR)]+,G-ML3K5:G7)" 4OR>Z#CB*
M6PW6EY!7Y_%R+)V\C=E,ENYHYD'%YZ0Q6P@XPVTB(A*1!88=;92A+:6E(;Z5
M#>6T>\2^_P _&A;*U%<=ULNJ94?-,!]]-\<5B/JH8,3-;%Q4(I<29CC5Q&7W
M2WNEAXI"'O$7ENWD"SI]X,,S#:S <NSEH14[B?R<5^!R(%QNS%L:=?\ >:\H
MM8T.7/LZ\@]T^P%/'OE.*V1W4W#QW+[#<W)=HMUTYIE^'U[/\J6/8@;7WEV_
MWS<1*;90NT8CKF1T6<U]I<B*VTZJ8AQ3;_&\54_OEG>3PK'POWFYU%=LV%_A
ML^<]8X#6O8ME&0XXS(UCY"S"1&:?F.O/RCW:%&6[R5Q/N[VTL;JYM)3TZSM[
M>;)LK.QFR%]X_+GSYBENO.K42I;CBRHGF2?H>\?_ !1QO_AE[]F_D3XF?SZV
MV^!^/R)\3/Y];;? _'Y$^)G\^MMO@?C\B?$S^?6VWP/Q^1/B9_/K;;X'X_(G
MQ,_GUMM\#\?D3XF?SZVV^!^/R)\3/Y];;? _'Y$^)G\^MMO@?C\B?$S^?6VW
MP/Q^1/B9_/K;;X'X_(GQ,_GUMM\#\?D3XF?SZVV^!^/R)\3/Y];;? _'Y$^)
MG\^MMO@?C\B?$S^?6VWP/Q^1/B9_/K;;X'X_(GQ,_GUMM\#\?D3XF?SZVV^!
M^/R)\3/Y];;? _&YR=G:'=6GL$8U1FZ<W#R#%[F(]#-HZ(R*UO'X,1:' OJ*
MU.*4"G0  _0,[<895(>?H94%ME##DA:A. BNK0TUSU0A2G.KL2$E1Y \>[3[
M'#"\]4ZJE;A3G(S3<23.8>NDM?[TM6,.$I+SL<N?VQMI0*R$I)"23QAK690+
MW(J3)K-J3%H:MI,"/!QZKN$5ICN4T5QZ/7);BKCK*UJ4A >2%/..%2C*QZ)!
M8@9-CV4Y# MF6X10LT]*VF!B:DV"SHM*F%N+*$  %7,<@I6W%+MEBZ;?#,GQ
MO%)=2B/B$#)(FY%]-@,N9XC*94AB0I^1&MC,KY$%UU @LL-A#;(^[.9Y68^\
MV]C%7F%_ Q]QF29L45L:R<;98B3"3WK+6A:9=U/6A(5J==>/=I]CCW:?8X]V
MGV./=I]CCW:?8X]VGV.*Z1JDIJ&Y=V5=.O=R*V.IVM=T';TS#')'9ZO+CEIH
M/I\6,@C1<Z7"K&2=>ER.QK9V/2/ZY#C<'GY OU^/)QY. >6H((/E!!U!!X ;
MLY@2.D!*I#KB$A'N0E#A(&GDT'']\-5TU)]VF1 80MSUURX8:?U]<.C@&33N
M-'0 ^]EFXRR .U?<V;4M95_Z_ ]8< >ESV%?NB_7M%'TDF.\XH_52./N5S7\
MSHE,A,R,M1\@)6R6T_34X!Z_']ZH9GG70HK)D*U=3VG5;-:XZM(Y=JD@=GJC
M@M26'X[J>:FI#+C+@T)2=6W$@]H([.T<=V.7<1:^*KF#JN+ ;CN*U'JE)/';
M];CM^MQV_6X[?K<=OUN.WZW';];CM^MQV_6X[?K<=OUN.WZW';];BK<40$MV
M4!:B>P!$M"B3IS\G"FG!T.-*4TXDD$I6V>A:21J#H01R/';];CM^MQV_6X[?
MK<=OUN.WZW';];CM^MQV_6XO861QI;@=K.\:?B]^[T--26PIL1HVJE+[U3*T
M* Y=)U(3U:QY-JWW<>-#B1*]N)6I=F,AU&KHE/LH2A#CH 4I*BE)Z#H5*UTE
MY;'MZYNKL%JEQXRHLB.YZ1(8],3!0&.^;"U:D#J< *M>P=@D0I3\1X)4CO8S
MRV5]"N2DE3>FH/E!XCNS%H6Y&AQX2%I2$J4S&1T-*=5S*EZ=JB=3QV_6X[?K
M<=OUN.WZW';];CM^MQV_6X%;6H0I_N79+BG%%+3,=@ N.N%()T!( "4DDD#3
MAQ2J*3(9;4ZD2(:F)*%AE*EJ4AMM7>>Y22 4 ^33J('!B-UT]R6D**HJ(4E<
ME(1KUDL)05@#0ZG3EIPW-CT5@Y&=3)<0YW24$HB)"GEEMPA0Y'5.J=5:'I!X
M[>.WZW';];CM^MQV_6X[?K<=OUN.WZW';];CM^MQV_6X2M"NE:"%(4.12I)U
M21](\.N-@!J6AB>R -$I;GL)EAH<M#W966E$?NDD>3BWR-$V S%J'0RY'??#
M<J0LMI<*6$J !.BAT#751!2D$\650,>9K+.7$B1_3JUQ?<3%1)+3R')3#ZCT
MJ.BRI0ZCV>=S(XCNNMA]II]EUU@GI#[;;@6MDJTY!0!23IY>%L4%55I7>8XW
M+;D-JBSY5?/>E*EM5MDRI+C6B2M2BGM3YJ2C0 AU['&T3;!,ZN<DPF8#;EG&
M1*ENZH2Q";U02I*>H@D%  /,@DI5JE0)!!&A!'(@@CCM^MQV_6X[?K<=OUN.
MWZW#<>(P]*D.GI:8CM+>><(&I"&VP2= "3H.SGPY&E,NQI#*NAUB0TMEYI6F
MO2XTX H'30\QQV_6X[?K<=OUN*8+0E4@P%+5+2&DAV-WQ9C15):YE3!;<!<<
M\X]73[E"28V%ILQ5VU?*N[^.ARN$E-H[Z&A#,1F4AQ*TJ"4K):#:BKM'N="4
MGD02"""""#H=0>/)QY.$R8CW<O)"DZ@)6E;:QHXTZVL%*T*')2% @CM'&6Y0
M[N'M53R+)W&B(>3YM3T=G$5!Q:! 9$ZI>1]Q00RE30*>DM%"M D\*QC*O$UX
M2'ZT3:_))Z(&YVU6+IOKMF"Y4P[C)+7&J^&Y;V##!<:](L7GWT!:CU#O257.
MZK?BF\*Z\TOO26[^:QO/MW)BW\:R;1$FUMQB_HIK)<-Y*4=_#D0UQU=(4MLE
M((QMVZ\3OA'9BXD5/8I3X_O#MIA6/8V^_(1-D2J;%<1AP*^(^ZZA#C[S45+C
MBDI+BE%(TW+R.;XMO"P[<[P4JL>W&F)WOVY8_&2F4&4F N,Q%2U%2$1VF@83
M;*@WU-@AM:TJJL)?\07@5M*"BIK''Z3W_P I\/\ DEY3T]I8RK>7#K,LOZ23
M:L#TJ;*D-+:FI6TXX5-*00"/E!>$SX_\3^QQ\H+PF?'_ (G]CCY07A,^/_$_
ML<?*"\)GQ_XG]CCY07A,^/\ Q/[''R@O"9\?^)_8X^4%X3/C_P 3^QQ\H+PF
M?'_B?V./E!>$SX_\3^QQ\H+PF?'_ (G]CCY07A,^/_$_L<?*"\)GQ_XG]CCY
M07A,^/\ Q/[''R@O"9\?^)_8XVQREW>3P[9.W52LD6JBPG>''LFRB?Z5AEC!
M":JCA#O7RV7>]="/<M)6L\DGBQR;'?$WX9L9NHF0V=C66-?O_ I;ZHDKFN+0
MMF5#;0]'?0%%*BA84DZC7B>UDGBY\.N0-6MRC(K-N[\2C5JW8Y W!][$7L]$
M]+@>F)C?WN)3@+@:^Y]73RXIK:I\8GA^J[7'*I%%CUG7>)OT*PHJ-M]<E%-3
M38P2Y%B!QQQP1V%);"E*5TZJ)-V]D'B[\.]Z[DK]9*R-VY\2S=HY?R:5MQJF
MD7:YJ5F4Y$2ZZF,M\J+06H(*0HZQ<GF>+KP[2\E@PV*^%D,GQ*MOWD.!&A&N
MC08MLZDR&V6XY+"&D.!*6R4 !/+BTAUWB=\+L")>0D5MU%A>(&NBQKBN:G,V
MC=?:,,-)3(83)CQY"6G0I(=:;< ZT)(AY17^,K8.!DU?51J*!D4/Q/KBWL&C
MAQTQ(=-#MV.F0U$::2EIN.AP-I0 E*0 !Q(SJ-XR=@HV;RPH2LQ8\3ZV<JDA
M:$MK$C(6]):]4H0D]3QU"0.P#B[OYGBV\.4N]R:),K\DNI/B29?ML@@6+:6;
M"#=V+J2]+9?0E*'FGUK2L !0( X^43X3/CTI/O''RB?"9\>E)]XX^43X3/CT
MI/O''RB?"9\>E)]XX^43X3/CTI/O''RB?"9\>E)]XX^43X3/CTI/O''RB?"9
M\>E)]XX^43X3/CTI/O''RB?"9\>E)]XX^43X3/CTI/O'&YTUW<S9S/!:XU1Q
M1%VQW @9G-KS'M'7>_M8\-M!8:7KTMK43U*!'D_9N,HW7>?8P R9AOG&#:I3
MJBL?75-S5T3;TY,1<T1D35P6ER$QRZIA*G0@';[#,LV*VLEXIN7CZ9];:XIN
M#NY>XI91:ANX])R' [:-DK4IDORHP@V,.W>EK:<B:M(C=XKO+S<>^P?8?#)[
MVYD3%($+-[+Q4RL4BUC.'HLGHU&SMO;6UH93KX,AURSD+; *DM% Z6QMQNTS
MCD6/MIC5!N9)WQI*6WRI=5(OMJW#<P(T"?<25VD-C*(ME00(P+S:VW772@I6
MD\8>]74^R=;E.3;3XYE4B+;2_$S*W,<NKQUX/S*!5=(>PU#8" 8S4]S0)2KO
M4E13U9/=81CSZL1PC:[<&OS[%'+R^E2,3W,IMEYF=X3F")BI/I2JVV6T'F4.
MNJ81+C2(K@+2V6U)R':S#<5OX]!C6W[N<9JG+\UC;H8=E=@XS7Y0<LP>WDIJ
M':B79/>@ULFH@K0VE<<NS%/K6T-O<DSW&]O8=3DU=NVO,<_N]S;.@W$J)6.N
MN1L25@6"C(&6[5P/=RVIEK')B5D]+KC6I6(^7IP/-HNXE-08YN]D&9R:Z]1A
MMG@.9SWJEG"JZ0^$P#8547WJO)"V27@W+E-.@B-]SPS(Z+%*2=LS RK;&!G^
MXN*Y?FDG=F@@V48IRNMW$P3(I)B,OV#S%A[W2J2M1&1Z/HV_(+C8<Q"\Q7",
M$H,1R$Y.W0Y7MOF6:97C&9LU4]GS'HV?2I-G765>S(CHGQI"(ZE=\TYZ*R%
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MNP&60M'FITU6O4]/:1IJ1.9HW'7:IET,Q'GUA;DA+2 VN1KHG0.+"EI3IR!
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MS\@X^6[O7_"E1^!\?+=WK_A2H_ ^/EN[U_PI4?@?'RW=Z_X4J/P/CY;N]?\
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M.N-J*T..L,..(4?W25K22#]7MY]O'3<U=/<C30*MJBNL'DC0)5W4J2VIYLJ
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MG.+3Z+8-%F4RVTK5" I)Y="04G0IT(!X6](>=D/.$%QY]Q;KJR!T@K<<))Y
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ML4AN33,Q%2UJCM5!R-2[$Q4HT$?T]:I'=]/?DN]1^?V<_P!VY=_H_MN-M?\
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M:I*0I0"B1\XIFPM[2<RI],HL3+"7)8,E$9,-$CN7EJ3WB64(:"]-0A*4 ](
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M L<ED$$'5.Y.X^5TRLVEXH,93#QN;+LHM=<9%GEC+:]^<A73NQY;L>,8SO\
M>[4AGO9+[ 6OHZFUL8/BF5+Q7>%AMW'KC"J;'YEEL]:[C1I*V3BE/E5]>2;:
M#*+@][79"HKT%<M&J RRI3G##CL:/-Q;)9-2]?15@-2V&X_>,M6=98-H6XR_
M';D/J0DH6VO7I<:6- $R8]A66=;.NY\NLF54V/.CN1U-MMK#JV.:'0M*@MIU
M*7$<@M*3R'S=R\MKL\V6IH5M^)O<UN6[L8GC.01O0-OZJM<]\*2S>0^QUK94
MXUUI'6VI#@\U0/$TJ\07A]Z;',L2W G,HWCVH;C2<NP:%[WXO;.16TAO^]F@
M@*CA/</%#:WVW%MMJ3=,Q-Z_"]8PK_(W\PL:G*MPMC,VH1E4EU3K^15V/YE%
MGPH4Q144F1"CM+Z=$:]"0D9/F!WY\/%O>9K%,'+U93O#M1F53D\(.-.QX5[C
MF6IFULIF.IE@Q&GHBDQ^[;[@-]"-,V?N=\O#M-7N' H:K+4G>/:MAF?5XM,B
MSL=K(4>-T-P(\)<**F.Q7I80AMM+03W6J#MC>S=__#[-M]G(M5"VXGS-Y=JY
M3^.Q*.>+*ICDOA0F)CNI3W8GA_1"4M_VL! :S3'MX?#?#R-EZ:^)KV\>U]E'
M<-FTMBQ9DU5H7XCS,AMUQIYAUA3:VUJ;4@H44EC*!OEX96YT;%'L$9JV=Q]D
M(^&IPJ0ZJ3)Q([?,1DT*JYUY:GW8:JTM+=/>J27/.XR>19[W^&]?XX8K581=
MQ(F[.T596?BC1VL*[J,>IZBL0S%K(L>57Q'6VJQF.!T%/N7'4KJ*&1X@O#Y(
MK:' [K;&G$C>+:=^=78+D+J'+C'XULZDRPVZEM# =[_OD1]8S;B8ZE-EO%:+
M?#PYPZ)F1ETJ/#=W>VGGKBNYYB2L&R\1)MBEZ0TB=5J]'>:;=2@*2AY*4OMH
M=3?LXQNOX5_0\H@Q*W(*W(]Q-DLWI[6' L&[:$U*ILV8L8I+4EIM]M89"DK2
MDA7+B]BQMS/!@:S)+:KOK2@ES?"]88N+FFJ54==95>*V%0[70'DQEN-K7 BL
MEPN...=;CCBU6%I*W,\,S4FRFRK"0U6[Q[9TM<V_,?5(>;KZ>G6Q$B,!2B&H
MT5AMEI.B&D(0E*1^E#PZ?'K@GX1Q^E#PZ?'K@GX1Q^E#PZ?'K@GX1Q^E#PZ?
M'K@GX1Q^E#PZ?'K@GX1Q^E#PZ?'K@GX1QMCE=AGNREQ#J)62+>K<5W:Q+([^
M2)6&6,! KZ6M>4^^4J="W A)Z6PI9Y)/#M_0;V;"8[=U]S*G5MG6[_8S3755
M+3)6I#T:7$>;?CO(UTU0I*DG4:\+>R7Q4[89"ZY&APW';SQ40K9QR)7V:+N!
M%6N?-<);8FMMRV4$]*'DI=2 M(4*6SR+Q7;:7UEC4]JUQRPNO%9$M)U!:,+#
MC%E2RYTYQR+(0H!2'F%)6" 0=1Q%=R3Q8;;9"[!BW$&$[>>*V+;.0X60UZJF
M_B15SYSA;:G15*C3&T$)>:);<"D$CBC,?Q$[*L'&*^QJ<:+/B3HVCCU5<)>1
M;5E&421Z)'E)D2!)9C]"' ZX%A76K6T9J=[_  _U;-Y6.4MTU7>(+%X3=O3N
MRF9SM3:(C/)$B,I^.P\IAT*05MMK*>I"2+.N@;W>'Z#7W345BY@P_$#B\:';
M,09J+*$S9QF7DH?0S(;;?:2ZE00XA*TZ*2"+%F[\06Q]RS<72,DMVK7Q'4%@
MU:Y"W&<AMWUBW+DK#\U++KK0E.A3H0M2>KI4086,Y-XF]I,BQRL6VY6X_>^)
M^KMZ2O6R@MLKA55A,<8:*$DI26VQH"0.7$?!)?B2V<E81#=0_$PV1XF:=_%8
MK[3BGFWH^/.RC$0M*U*4E260022.9/#60PO$5LM#R!BI:H&;R+XE*2/<,T3%
M0F@8I6K-J4'TQ$0$)A(C!?=B. R$]V GBM1C_B%V2HT4URYD5.BG\2-#6)JL
M@>BH@/7M:F%)0&)BV&VV52FNEPH2E!5TI %DW1;];$4K=PRQ'MT5/B)QRN1:
MQXLYNSBL628<A ?0W)::D-I=Z@EU"'  I((BOV?B"V/L7X-Q9Y#">G^(^@F.
MP[^[E-SKF\BN2)*BW,EOLM/2I*"''5H0M:E*2")UYD&]_A_O;JTD+EV5Q<^(
M+%[.TL93G]LDSK":\MUYQ7[I;BR3Y3Q^EGPV_'GAOWSC]+/AM^//#?OG'Z6?
M#;\>>&_?./TL^&WX\\-^^<?I9\-OQYX;]\XW4D6^9;7Y/[]TF,LQV-O\_H\S
MDQ?09\M;KMDQ4J4IAM7>I#:U\E'4#L_9L[_=DK_SZOV)XN_\RF$?Y=+^>QS#
MVG4F3(E*O)C(!)1'80N+$4I23YNJE+T2H<QS'N?HSST]4ANJKF#.LW(P1Z0I
MA*TM-0XJW04)>D.J0RVI25!'475)4EM22Y+4TW'24LLQXS6I:BQ(S*8T2*VI
M7,AMM*4=2N:M-3S)^;+D+;BOIK*BSL!'DI9>4^\ACT6)Z+!?0M,IUMYYM_T<
MIT4A"RLI0E2A/G((D2')"52)<EQ#"9EG/?"(]?&40$KDO*42VP@:]*5*T"$D
M@@@I()!2H%*@1R((/,'UC^P6X[*2MZ0M##*!H"MUY0;;0">6I40.,BD-D%M^
M_N7FR.PH=LG7$$>MH1\ZDJ3UI"@5()*0L ZE)4GF->S4<^*&VH(\F!3Y=CL+
M(HE3,)5)JE/NN19$0K4$J6WWC2ELN=.BD*202.SYZ+<$*+.04-3(0LCS"[41
M$XZ^VA0Y'I$1!([1U<^T$_.-XO@U*_=W"V'92V6W&6&8T5DA+DF7*D*2VTV%
M*2GJ6H#4@>7BZQ+(8[<6[Q^>[6V<=J0S*;:E,Z=:42(Y4A0T(.J3[?S,1=3T
MGK>R-"R.T+1+84$K]?10(]8_.1JZ'81I5;#;4U%@6E976#3+9=+P0A]]OOPD
M*4KI0'ND Z ::#@>FXSBTY /8&KF"L)41UA*X$Q UY>:5I4!ZA'+A:+&/;8C
M)04E+DMY6354ILG19$BIAL2H[B=?-:,1]*QJ2\VH)0MQI.;06BRD%QV73Y+'
MC.**O.]#>$-9<"01U%:&SKU=*5( 6KN7"DJ+,:0@IZAUL3(R)D9SI6 I/4VX
MA72M(4G710"@0$H3VJ4$C7ES4=!SXR09K-755^*IJ^_:@M*D^_SMY%7[W1Z2
MR0H-K=[Y4= ;2E96I8;\T\,P,DJ:9W()C\J18.B+%DR$QWUI4Q DR]%=?=](
MY)44@]A.FO'I4*'Z4RVJ*E3<=UQ$U3KE@RREIAE#3@*"VIPJ.NNH"0/.)3EN
M4J7:O34PO>:IE0EM-S8US=J,&LG./Z!"$L.K2X5=)]R!H2>)#UEE*<B"IPGI
MK\IJ*VYAU]HUYJ9T"--:)COH(]V@A0YCL*@9,'>*HM,BNDV3)@76-PZJ&VNL
MD$)D)L(96RD+CD*4DM))<!"= 028U-79F*ZQFR8L2"Q?P)=0F7(E-=ZAIJ3(
M3W0(/W-76M/G^:-21P"#J#S!',$'L(/S%(5U *Y$H6MM7;KR6@@CZAXI9EC8
MR\BP1:Y<F8Y$B)BOUS2(Y$A=FF"V>MMDJ#K8TT4!IYIY\(FU%C#LHC@U1(A2
M&I#9T.A'4T3H0000>%*Z%N::>8@ J5J=.0/LGUN+B'TQL0RJM;9F1IKU7*BQ
M+WO$KDRH[?H;7W9?65-K=Z5:+Z1J=-!D621G8_HN-+K4SHRE*]*4W9N+:;?;
M0!IT(4G11)[3R!T)'SFJ24D$$%)((([""./$[O7NIOCN-MQ'V$N=J<7Q3 -K
M=JXV[FXF\^9;KIN6<>P3 L;DW52N5<RY-6W'A14*Z"'')$EZ/&CO/(K+':OQ
M@;[;C46=;)89NOMQDN$^"C<G=&"BSRC(LBQR9C&Z%3M;/M9V-N09-(F)*;F,
M^E-R1.8]%6] >9-O3Y1^MU_5W8WDM Y*BW>'9'NA7XYFM/:001+H+C$,@GQ;
M"%8M+267J^9':?;=!:<;0L%(]TKV3Q[I7^V/'B7R3.,UQ;"8,6=LE(BV.5W]
M721W7XOXUO!N(;-UOOEI/02VT%*YCES'#$:DM+?=/<^RRF=#BXULCMZ](5D@
MNUH57P:]UX5U:X\S+"V&$(?+KH>&I7T \5^29GA!VTNY[GI<7$G,D9R2YJ(&
MB5PE7\^!&CQF)ZCU*=B1%R&V-$CTIQ94EO(K;%+L54_*:QE^S)AP9]-?0<CC
M1\@EQK"IG(=C/,*EE,AI*D?<G&T+;*%H20]F;VTM"WO5(<>F.;G1<QG,XHG)
MY"%)=SZ/M4*W[G<EU1F@B],),O[LF"$?<A68C!>3#CQ(;DRULG&U.M5=/7-A
MR?/4TD@K*$<FV]1UK*4:C77BMVZA2UUDVJMYS4*+9R6I-G="XL52V91=CLL(
M<=U<[M24-CI2@:<AH/F[O)2"I2CM\  -22=KJ0  #BYP_+]V9D'=>@Q]-E:X
MS$V\EV.&P\C<A)GHP)[.8]GZ7[YI2M+3KJ*%4%M[5"I>B5+&5U^%9Q>9/FN$
M5VT5A?4-K@43&J*8K>)=7&H*W&,JCWMD94MM^WC(4Q,@0RZA#[C/7W12<IVT
MQ+=U62[OXG#OW'L><P9VIP;)+7$(+]EE>.X=GKEH])DRX[462(JIU'#8E+;*
M6W@%MJ7M<K;W<7.<@R7>:ZNJ'!*7(=JL<Q:M;FX[<QJJXD9;>P\RM%08S:'U
M24NQ84Q10VH*;02.,7PO"]Z[.]O[S</$\$D^^6UTFEJI$;)+5%/+R?$;*/<S
M?3HT-U85W-FU5NO(*5(2"5)1DMCFM9F. PZC<?;_  &CE91M]=U,;+&LXR"9
M2/WE3(MG(J%)@HC,R%LLEX.!]"2ZT.E:Z7!9]IO?C<:PF9XU*RK._#VSA]'+
M@X%BEAE$R9ACSV62$VZY"8(2RVIR*D-NI>4YIYAB[I[=YO-S+$T94UA>0P\A
MQ-O"\MQB_G5TBVI??"G@V=U$=B3H\24N/*CV2]%-%MQ#:R$\>'O*,<R-G(7=
M]K2/1R*L5"H"L&MK*<IBE;L99E/"2Q*88G24R>[8"4Q'P1YA4-V6\AW2Z=LM
MJEX-"5GE7ABK"YS*ZW"QIO)\<I<5PY5HTPMU<?TEUQR3<M--M-!Q;@+J$<-9
M7BN?F\P&SVTW1SNCOI.*.U-W[];44S=MD6"9+CBI[S<&8._C#TF-83&"VZEU
MI3VBD)VP<M=PH^'5FX,+>.QLK:7CJ[.+B<#:&@]_YDR2EJ:RJ2W);"@LI#98
M"2H!X^;Q9W.Z^27N+>\6ZUQM9=5N,8?7Y?8-2:[%6\DA7M;[Z75*Q*C2^];2
MU]W;!94F0A;@4&S(V=KMU;E,;%$Y+.W2SS*-NZ['L?PS'\;J6[A^\JXU=DEF
M_9I6DK9##HAK+Q8;;[TO'N]X<<O+M%/;;0W6-TLUIJL]\&+IS(=QH6 IEQ9
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MMLS[]Q_2*;Q_S;9GW[C^D4WC_FVS/OW&]V3; ^)O.-^+C,\ QZBR"HRO:U_
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M+<!ZAM>[Q^SVPQ6-A6.YACBDV05'M7:V.8TYQ9<8?2ZXE4<)#*6MNLN;\/\
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M#(L94CN(>%>%C9&E*TO@H3Z9-%*MYU:$G1"NM("O/"0L)(^3AL.?I[1X"?\
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M4\(;)95UBP@)5W?>A92M(4DE)2"#VC@0)[:W()=;=?B(=6TQ+2TX'?1Y;;9
M<:40.\:5YJAR4""040HD2-&AMI*&XD=AIF,A!YE*6&P$@>L!P D!(
M[  .-R&=TL4WXLL[1^)_O[-PR]PV'C3W5@56NL][8UJ@R$],,QT/=X>;H64^
M:1Q^0WB?_.?;W^PX_(;Q/_G/M[_8<?D-XG_SGV]_L./R&\3_ .<^WO\ 8<?D
M-XG_ ,Y]O?[#C\AO$_\ G/M[_8<?D-XG_P Y]O?[#C\AO$_^<^WO]AQ^0WB?
M_.?;W^PX_(;Q/_G/M[_8<?D-XG_SGV]_L./R&\3_ .<^WO\ 8<?D-XG_ ,Y]
MO?[#C\AO$_\ G/M[_8<?D-XG_P Y]O?[#C\AO$_^<^WO]AQ^0WB?_.?;W^PX
M_(;Q/_G/M[_8<?D-XG_SGV]_L.-M6=LL3WZKLY7*R+WAFYA?89,QMAP8?8JG
M&SC5: ^H*BA]+?=GDX4$^:#Q?^FTWBL,SWZM/2S%R;:),8R?3G._,=+M25!'
M5KT!1)TTU.O'[R^+/\Y]GO@CC]Y?%G^<^SWP1Q^\OBS_ #GV>^"./WE\6?YS
M[/?!''[R^+/\Y]GO@CC]Y?%G^<^SWP1Q^\OBS_.?9[X(X_>7Q9_G/L]\$<?O
M+XL_SGV>^"./WE\6?YS[/?!''[R^+/\ .?9[X(X_>7Q9_G/L]\$<?O+XL_SG
MV>^"./WE\6?YS[/?!''[R^+/\Y]GO@CC]Y?%G^<^SWP1Q^\OBS_.?9[X(X_>
M7Q9_G/L]\$<?O+XL_P Y]GO@CC<X;,P-XXEB,:HS=JW.ML)L82X7OH[Z**I&
M*PHJTNA?5WA>4I)3IH ?V;CN=V(M3%QZ9<ODT89-LV_*IY5?#>A%]Z.D+;>>
M;7U=\DI )3JH ';!.Z^2[G;@6F!>(K#MUW)]S<OY6\SA]!6&+84]/*R2Q#B9
M;CQ+C<<]VPK4J4\E7+B+N/;;E[Y;\9'BM%EXV\H]WJ#WNH,?RK(6&JV%-<LH
M6>6\YJ,TPM^0LU_H[XD,1"VM)'>L[*9),P$8]/P*+DNV><XSB0M)N+Y3L7D<
M5<-=1%G9K<V5BY8M,65S'2S->6P$JBJ0^V&@VWO9/AY)NKM939CC&&8-M=>[
M>5]?899A.'[?7=>,?K)49J_H$MEZIKTQI?HEB4]Z\Z?NB2>JS=QC)\YS[*E[
MS8EN,C+-R*:#%?RV@K\ L\4RFAS2 ;J[<7Z8;%<%3/IDA+T/J6IUEPAE.?TS
M,3<K ,)R3;S9##L:;K\7QO-;:A5M/'2P[ EQ)V15"'XZD(0U'E>F!Q8'6XP@
MGIX>V3IK?,+&OA[RV.<U<BVA0ZBNEXPO&TU%>F;51+*<(TPR.\DKAMN/L-J<
M6I$AQ:E$LKR7)+_(E1G)3T=5[<6-LIAZ<I*YSK)GN.%*GBA!=4G0K*4E6N@^
MB;N_\2J/_AT_.+L9=Y644*BNZZQE/6TCT2'*#P76,1#)T(2XIU]!;"O-*@ =
M-00U8H0B36/N%J/;0'X]E3R70GJ4S&MZ]3L9Q8'ND(=*ASU T^<QB5CEO,OJ
MC(:5$Y%H^F'Z([.92V)\:$[$()#2E@+;=0E39(22HZD?,FN559.L45S DSC"
MC.R?18Y5T!UT- D#7UNP$]@)'$&T@.!F=72F)L1XMMNAJ3&<#S+A:>"D*T4
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M]3Y45P]"6>E2EI*!V"66W&7GV&@XTOHZD:#J"'.C752==/=$#GT]I)^;N_\
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M*%);:ZD]]U"5N/N!8MKMH<9A4Z84-27Z^1* 874TD5E1+BRI722-5*.O/I
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M(_43S))^;N/CT&]@8SEN68K5UN,6=G:1:"/808UXW,RO%6,AG.-,Q'I\8-K
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MI3D=2^@I! 5H3J#P2[F]P]V -MX;"BZ:Z:K+RKE[LY@)[OGV]0TT/2Y<9-(
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MT5[+V'N#:RFVNWS[M+,M:BS;PJA#5<E"NQ:G74LK6I)S^BS-&X&,T<K>O/\
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MC%UF&W.=XE5+LG'H\%FUR3%9=)7KL'6&W7&V4O/H+RT,K4E&I2A1 20/QO\
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MP1,APG0IM*X#R6?37YJ"Z%#E'9>;.@U(40""=1\_XKO]Q[!_]FW$/]2?'?\
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M%;26YM@#TGH,=!\U2FS\[@30'2TUC;Q93IH )62V,^00>T]3[SJM23H3H-
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M6EI:7346][NEMRS>7F&8SG%9@K$;<Z3E#]3EE:U;5,=4UO&O>1$@L.A3B%W
M0DA0[PG0'9WWE=I[8;W6,ZGQ0PY$_2NN:J_306U7D9D1F_1W8I=CS'U,]\VF
M*\TZ%G4I3N/N552\>ML3VTR'W@L)<"?,5)R)#4]FOL;_ !*$_&;<E5\(RZYR
M:^Z&5LMS(RU-Z*<[O;B'*EU+CNY^.4V3T"H[\Q;<.!>9#,QJ(S<%QA!;>2_"
M=6XED.I#904K4HE*=PMO9V3XCCLG;%K,Y&5Y'<.9._CC$7!K/WJN9,(8_5SK
M%Y*G/.82FNZU)YJ2@\N,AN=O\PQ#=-O&+'%X%I7X/%SU%T&LMEJJZRTB4^8T
M=1(>BIG%BO?<;05(D2(Z>DH="Q>89/MZ*ZLL>F&MM)F-S)%A4-VC" +&N8G2
M&6.^7%>ZXSSC25-%Q"NZ<<;Z5J^@;-?^BF2?Y$6?&Y&,^E>@_C%O[F%%Z;W'
MI/H?OON)(K_2O1NMOO.[[SKZ.\3U::=0UU&-QMO<ZL\BBVV\5KLO<2<NPN)@
MSM->TS*9MCD$5$2ZN(\RI8BA^1(D&4RXREL!UE/>(/&4X:,ZK/Q Q3"&]U96
MZZZ>>:Z=M7,KHEG49378[&6[(<D3!/B1F:X/=0DK+*W4]"UIPNZVTW%LL@QF
M]W0PW:S+W,CP9G%LKP*USNP5$QRXF8[ N;:)-@RD,RE,NL6Z5=XR674LJ6E1
MWJ>]_.X_D?Q]R]Z?>SO?QBZ-Q*K ?1=?2$^B:^^?I?7H]_:^ZZ?/[Q.W\JPS
M^[Q[)=T]QLHVTPRH@;?L9+2)M\;J:BR]/RB_%W#DPHKRKAEM3D6JEEI+;CJQ
MTC04NXDE[>.Y-U@LC,E3L1V/:R':^D?;M)U0W3Y#NBG)6$QNER&'9,A-6YW3
M+S;B6W=0DXQN\<AA39=Q,@+OL)9B*3:XECF3/V,7!,ELIH>4E;5NY46/=M=R
M@M($=:E*$IO27;9AGC4%%M78K(VRK4T#9N<_E7V-P;ZVGNPG;%"*RDJW9;E>
M]<NO.]](:4AB,M27PP<?1F61WF60[3T&Q@VNV\O$\=LJ\P$RD93@F4.V4U-Q
M5N.*#3$ER+$4ZE2'FVU-+U'T+-/\RN1_Y<XY^S<XDS_%E"K)TC,,E?FUIV0W
M)F&OENW3[DF$9<?[F[W2R6^\1YJM.H<B./E?P?B(W/X^5_!^(C<_CY7\'XB-
MS^/E?P?B(W/X^5_!^(C<_CY7\'XB-S^/E?P?B(W/X^5_!^(C<_CY7\'XB-S^
M/E?P?B(W/X^5_!^(C<_CY7\'XB-S^/E?P?B(W/X^5_!^(C<_CY7\'XB-S^/E
M?P?B(W/X^5_!^(C<_CY7\'XB-S^/E?P?B(W/XRFPV_WXC;H7+VU5Y#DT#.VN
M8X:J'6.9=1O/7!L\A^XN!MUMEGN$^>KO>L>:A7S/$RGU:'#/])M*?+PKESYZ
M?U.?%GN%GE4;G&?#5A#.Y%1 <Z/>][=&XOV:7;YRW96A7>LQ&F[>T8;2I!]+
MB15J*FT.-KWYW8K0N5EWB RS"\BRB>^RVAZ%78%MA3[:XUC$1UL^?$C^]LRR
M05CK#]A)!)0&PF^W%J*]43#?$[A=-NQ7+:;#<)G.*I(PW<JMCGW2G5R8<.\E
M*43]TM=$D)T2D^K[7J<4?BCR]@97FEA=9%!PNHL8S*J+"$XS>OT+ETS%7U>E
M6;SL9;C,ES1$9!2&F^^U>!U]OGS^9#O8"4NED.1YT)P_<+.KE#N["LDCRH=1
MR![4+"7$Z+0DB#:U,@S*>VC)FU<H](<6P5J9=CRFTD]W(CNI6Q(:/N5H)3U-
MJ0M6V7^>VN_R2LN-#S!Y$'BHPD;P;F'$L>0XWCF/KS?(W*S&V7D(:?CXY'<D
M$0&EI;;2MJ'W:%!"0H$)  0$I" - @) 2!Z@2.7 \Q/(:#S1R'J#UN,CJ#X:
M<6OKK)<<V%KCD^29A)E/XOD>S,Z"]DV08354U3 8C1LXC0EQ,DK[-5@O25*=
M9F!Q3)8O:O'-@\+VJL;C>C,-U(UGB<Z J)1XSE6/UE3"V@JZIFHB*%)22(#T
MFF4N65-MR5LO-OO!<QUR3<^%O:>WOG-X-HMRE6WI4NEAIQ':K'F,>F;.-8YC
MD6'#;ILE"9,G()+24RI#SC3G6'(Y6_B-W:^$':*_@X]N9NAG-O6LVL^MEY%C
MNX&(6.,T> BTM(5HTQ&H'K!F?!=D0IC 76UBHT&%+]^9UU99YX>,QJL&SFTJ
M$TCN82,"V_R_(:Z"6G69 QJSSBLLWJEQ]+SB7WJU;+CB>E+BU!".F[R;(K2?
M>9%DMQ:9#D-Y:RGIUK=WUY/<M+FXM)T@J<?DRI+KK\AYQ14MQ:EJ)42>-U/\
MR4S_ "]I./$U_F'W5_R)F_,ZDLNJ3_7);64\NWF!\RBR+(ZW$=NJG*:MN\Q@
M[L;H;8[5W61T4IA4BNR*CP[/;B!=R:J8$+$*Y:K37OJ!2U*4>7$#$-Z<.&"Y
M1:5$3((-$_DV&W]@]0V*0Y57:V<2L;#NXDULAZ!)=*6Y37W6,IUKS_G*S+X&
MU4RJJLAQVSRS%(>79!BN%Y/F.-UF/S\I]_,5PW*9T2VEPIL*KL%TLU,(1[9Q
MAR-5NS)([GA*DD%*@%)(["DC4$</>B1),KT:.[+D^C1W9'H\1D:O2G^Z!Z&T
M:CK<5HD>4CC;?_.#A/\ E/%X3_L4_6^;XDYH[7-DMQZH>85\\AQB1CPT2"GG
MK*Y*U\WW6ATT.$4%C",/+LR;.XN;)=:#4M%YD\5IV)7RTD!250J]N'#+:@"A
M3:@1UE6OSF"R(M%=28#&+04"R8JIST%Y4V8_;$-2FFRV>[,GN5>=[M"OI<(7
M-KI\-#AZ6URX<F,AQ0'44H4\E()TYZ#CL/L<=A]CCL/L<=A]CCL/L<%J'$E2
MW0DK+46.](<" ="LH9"CH-1STX+4?';Y]T DMLTUBZX .TE#;1.@]73C\D\G
M[=/R?M^WU/[3P5*QC(PD=I-%: #3MU):X"EU;T<G_P!53'8L"1IKIU&+-<;=
MT/D/1H?)P0I['P0="DYAA_4#ZA3Z?K]/AR$N=0O9-42H3F.+D9)4RI$J&KOA
M/I$38CSZ4H4IQ#C"'7$(#FO,!2E)DLSH$V&[#D>BRVI45^.Y%E#4^C2$NI!0
MYR/F*T/(\OGY&-RY!:AY:W%KX:5HCF.G(T3$"E>?=>'4T%!Q^/UH6G0N^<%)
M[%M/-.,O-*4VZR\VIIUIQ!Z5MNMK 4E0/(I(U!Y'Y_*U.+0TEI-*MMQU:4(7
M)%TRMN*WU$=3KB$NE"!JHI2M0&B5$<8EB1FN5R,HR.IHG9[#*9$B(S83$1WG
MHL=?FN/!*CW*%<E+Z0>WC,:+&MOG\ L\?Q3,\IP_,(F79A?7#SN"8[+RB3!W
M+AW\Q^LDQ[&/"=:=D5<"O,-Y;:VDK82MA4*<M)2J0PVX01H1U)!T/S,0R&\M
M<D==G8E1J6S0O4[,&8S5T0QQJ##GRVY2V'6)T1:9;KK"^:76$L-J0EQ<:YJ+
M!^UQR=8.UZ%S&&H]G4S%,JEPX%FAE2FW"\RAXLR&=$N=RZ2VR0$?,;88:<>?
M><0RRRRA3KKSKJ@AMIII *E*4H@)2 22=!SXJ_?YN&VNV8?=:;AS&YQC.Q5(
M1*A2WH^K0>;ZT=:6G'$C73JU! NW$LZ1#B%W$EV2I,:,FK6\&YD-1$A25.F6
MY&] +3(4X4O*4$D)/ ZB3H D=1)T2D:)2-?(!R ^<L;QU24LT\5:&=>]*W+>
MSBOL4S: WH#TN(4\OJ4!T-J!"M>DZZ#7LUTY^S\[H0"#V@\QPB%GN-2LYQQQ
M]N/0V%E.GULBLE5_29<.MR%AM;JD%M:0[&#@T!!Y=1U%K3H>C.M1&XMG6/H?
M+M;.<@I>5%#[R&P^@!0[M] Z5CGR.H&*1XKK3[DEB9/GO-HZ%FQE3W52HT@:
M ][%($18/,%KI\GT'=,.J6AHM[?AQ;: XM*#MQ3]:D-J4@*(',)*AKV:CMXR
M[;X[9-P=J[/:N#M=CV21T7[^YL:/AL3WWP&ZM**9DB\:2][_ *#.L/0HK;O1
M)D],AY:W._QG?*OL]RI%S6UF+U]CAMAMMAOO0TNCVN9P-]Z-D+N4R?3$*D1T
M/I9D4[25MK4E>A3HO<"+G;QEM7>SMUMKA=5BF+XCBN-X[*M<RJLI<6WC>,LU
MD")'=,*0N2]%BJ=<=4@K2O4J3O)&O\=R2VQ?+,2REO:]_N:L7^$9ME&U7\F=
MPI]E4ONA56;2DKGM-25D*C17TLK=24C&\7K]W-^*:/2;6[?X9,VG]X8:]JK:
M\PZGBPI<QZ<QF2$AA^3']+0ZO'%N!:4*4WU^<G.\4MJ:RL\H;D6-]LW<P_13
M#P_+,LQ63M]FMA:"4ZE00[5/L28BF&EJ3-A1E$!.JD[9X0C:^-?;=T6$7&'Y
MU>6GXPQ<_L!N8A1W:F4%369$WC[I45--U2K.$XZ41(I6['*6Q'VBM47VYD7(
M]J<3Q_%44:MNL6?I+Y-#G-ADB9ZLF&6(?BEV-.Z2T*E[I<1T]:DJZT[G[GXM
MGF]]-)W1A[GMB?6[<8O29#@4[.K9-Q6S:.;79R53EQE%;3B^_@JT 6DZJ*$M
M;G.;E;Q[CQ7<&S'';')LLKX]7G<F==858TF/1%L.Y+<I<AP+%RMF(=5:A2.Z
M*VV.MIL.%2B5*4222=22>9))^@[-?^BF2?Y$6?&Y&3>B^G?B[O[F%[Z%W_HW
MIGO1N)(L/1?2>ASN^\[OHZ^[5TZZ])TT.<9_;RKW+\GMZ?*:3;I><9,O-J/;
M"%F=HDWZ(>.97$F1)Z'*HR:EN,M#$<(>4XXRZ$I:&,HRG L<OWH6%9;M5F;5
M8Q2X+2YGM5D=DU>5>+1Z#"*R"Q4R:B<AV7 L(G4.\4DKCJZ5][AE+MKMU8X_
MC%'NCAFZ>7-Y%G#6499GMI@D]4O':>;D<"FJH<.#&0]+2RVQ4$]X]WSJGE(2
M.-U&,*V_RZF>W:QB307CV4;DTV5M5TEW<*FSUBPJ6*G%Z4I;0:MZ*N.\XX5!
M]#@=1W*D/5.U&)7F58C#CY;F>2Y!88YE]O41LKBY73T]0Q2W%-6=REUN&*MU
M:%OO.A?I*TAMOI)<P:KRO;K/7\DP/ &,#K[K'MUL>I:.8S#N+"[@V4S'++#[
M)_J#U@M+K2+1(6A"0E3:B5<;BU%S@V*';?-\/7A-9AU928757^,TU&RPG;-#
MFY<>C-Q9G'G(D-QI$UPMO=V0$,:H+5W19Q@:KJA]!Q1S &4928MUMWD..XI7
M8M9RJR\->X9%5<I@E^RIE,-H+BT.LOM2&_2%P=K\,P:YQ/&XV:G.0UD>X$K/
MU4\WWG>J!0849-=7FLJE>D.OOQW52GWW0RIZ4ON4?0\T_P RN1_Y<XY^S7-O
M9=F*:)FF]D_&Y-GHA3D./;9FY#>=C-N^:M_I40PVKDIPI22 >,6VQB[$P\8K
MI^\>#XO%MV\ZS][)7\;<R]FER&KS5BSFOPWWYK"R.]J8U6J,YJ4=8 '&U]-F
M>WVW^'VV16N]%FWBF+[@YWEV&Y'M;BF"64_$LUR6WIKV[G1G$7->\RXS4VZ7
M74,/I5$0M 2J?%N&=BG(_P"($PX:UB]CXGJC:JPW!>O6&XD3<6USYYK)(_1
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MO_ECL9MON32W#+T5Z0/$SL_^K>Q?'=P*268@<:=N)6%Y3<HD=VL!$6._J>L
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MC]__ !6?FAM%\.<?O_XK/S0VB^'./W_\5GYH;1?#G'[_ /BL_-#:+X<X_?\
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MZFL1-B=,WJ[YH,ON(4EU"C^.OH/_ *9OY7_Q6]\_2IG[Q?B7[[>@^A]YZ/\
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MU)&N@3&;3W$1I 2YTI2.]24]*6&2D^:D#W1Z=>P#3GQHD  >0<OG]U__ ".
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M/X3Q\K=GXF<Q_JR>/E;-'_U#.8_A/#+<CQ=HC,+<0AZ0-E,Q>+*%'13G=)E
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MU*?:( '4W,GQ7GPK4:]7>Z@ZZ$#EQBZUF/\ C4J)*59AD.)?-$]W<O'G)Z
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MD PV^]1W;R_-ZQST.O+YQ(E18TD(UZ!(8:>Z.KW73W@.FNG/3C]ZJW_$8O\
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M<DM(A]V$J[]M];/27%M*0Y(><+KS[BWG72$@N.NJ*W%Z)T U))T T]3Z'3A
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MID=+C*EA)25=RZ"DZ@\^7/0>H--6I4FSFH;3JE<=V.J2\>2EE:D);0->9Z0
M![E/8GA*XT>''CI4#W"T+?4M(04E#CNJ3H2>KS0#R UTUU=8EZPW4*6\A3S_
M 'C;H><ZE(0ZZ1TD*)"4GD$Z#4D<+:C17WUH=4VI2UM--$)U'6VI!65 G33D
M.1U]8E">B*WU CN2L.@ ZA)=U^EJ0![&HX&I^SZ_ :0[TH3KHGH0="3J>9&O
M;P5**5*4>HE:$*//U.H<O6TXYI0?J:?6XY #4>H#V_3XU[/(>/5]H<:_Z@%I
M&G=12MM)\JED@.JU]34:#Z6OEXY'^IP"..WC3YR7/F[/;>RILV2_+F27L8K7
M'Y,J2X7I#[SBF]5+6M14HGM))XY;,[=#_P"]>K^]\'39S;P?2QBL^IV-\<MG
M]OD_2QFL'_OG!TVCP :>IC=;V^I[C@].T^!C_P"]RN_L..6U6##Z6/5WJ_[#
M@Z;6X.-/4Q^O_L./T7X2/7&/P/K=''Z,,)^I05Y_]\X_1CA0_P#:!7_V''+;
M/#/X @?V''Z,\+!]04, _P#OG'Z,L+ ]7WA@_P!AQ^C/"C_[0*_^PXY[885^
M;]?_ &''Z+\*_-^!_8<<ML,*_-^O_L#Q^C#"=/\ T!@?V''Z,L*_@"!_8</6
MF*X=CV/6+\1<!Z;45D6%)=A.O-R'(RW64@E"G&FUE)Y:I2?)PJM>#:1:K/W9
M:NDJZ6QW3+(T/G@A1Z=1U#D/. !2X@ZH6-4G0C4'UC] ;NLXP:'9V[;7<^^<
M*QNJ&8ZWWBW=);U!)BE\]3BSJ]UGGZPTS;!:%,Q-!62:R72>GO"1(37W-+'M
MTL%_W2T,.O.QVUN>>I+8*RI1*C\_!MJUXQK&KF1K&!(2$J5'FPGDR8KZ4K!2
M2A:4J ((Y<^&9D9*$1K*#76T9+;2F$"-;5[5DQTQU!);\QT?<R!T>YT&GT.
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M5!3RWI=1$])42D  +#+0Z0  $#0#3B99Q:V=)KJ]3:)TYB*\[%B*=&K:9#Z
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MI<]1(0Y(:;;3V.K02-=X]QL]DYGGV^^Z'B3\-D#']I=K<B.W.>8QM=X<;_\
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M /*S_P#Z0./ERZ?^XS:__G!X[IKQT-HT0IUQ;OAH2AMIEL=3KJU*W"')(U)
MU)[$@J(!4ACQY"2VD %Y/A>6VA:M-26DN;AA73ZA6E)]5([.!IX[]-1__C!_
M^D3@?_+YZ?\ N+NO_P"<7AJ2CQ[J6RM)ZW!X5B4M.A1"FE'^4?M T5Y.W@)3
MX_#U*("4CPJ]143V #^4CM];@=?ZP$,J/N4O>%0-J4/*4AS<H<OVCC0?K"-0
M.6H\)W:1Z@_E+[/7X&OZPOI)_P#F3"1[(W,_J<?TA7+U1X3-01ZNO\IG&:;^
M_P#.G.^'XW;*Y%M!^*?\A_\ )I[W^_\ G..9I^,/O]^-^0=[W7XO^C>B>AHZ
MN_[SOD]UT.<<SH?(..W30^7LX/T_ZG[+U_KA[8Y?,<Z_=E:NO_9=7G>W\SGQ
MIQ]+]H^9I^WLX)/[=>#ZGV.)[_,=$4M)(\BY2PSTZ^J4E?U >%>MP?6_;KQI
M]4^IP1KV^IZ_D/!];@C7ZW'T^#V^M[/&G&=WZE)2]'QM^AK 7^X6Y;9DZ,;"
M6-.:G&8#UC-0E//^]R=0 5#^IY!QNGO#055;>W.!4,.VKZBX=E,UDYZ3?PZA
M34QR$0ZE(1)4L="@=0/)KQ^A3:C^%,O^_P# UV4VHYCJ&MIF'-/9J/N_9Z_'
MZ$]IOJVV8>Q_;N-?Y$MI/JVV8^Q_;^.6R&T9TY:>^N9??^.6QFT)_P#:MF?U
M/_5_&HV*V@(UTU]]LTTU[=->_P"-C]XLSHH-4C(\(K]QLDH:A,B71LSQ*4BO
MIP[8]:E1G'D(+B'NHN(2MLC11*?V [5W]7!MZ][3O(D^.W)9*DJ"T+2EP'I4
ME0"DJ3H00"""!Q)L]N+$RD#O'AC-R\A$@#1;O<5EPKI0LZ]#;3<H)Y:J<D$]
MKU7>UDVIL&"H.1)\=R.[HEQ37>-A8T6@J2KI<02E6FJ21S^AXTA.G3[QN.J[
M=>]<O9J%'M_K4)^BW[@'GKN\5B$G70,NP[:6X /5*V&M#ZG4/+^PY2<VQ*TR
M-UV0V8ST&Z>KFXT0,*#C0C,*:)<+G2KK4X04\@E)&J[I^AQUG'ZR-9X9%A5D
M-/>K3"KZRXB-29CB!S<)=0E1YCJ4.9U'!6UC60.H!(*VZ6R6D%(U4"I+1'('
MGPH/UCE=TG11N9$.A2 $]15U7;D<=(':K7I!T!.I' [V9CC2-1U.#+<7DA T
MU*BU!F.NJT]1#:E>0 GEQHO)L=2L>Z0G\87NDZ:Z=ZQ7K;/J:I61ZAX^Z9"%
MK]2)4S'FP>D$^?)4P>WD/,]<Z=G$1^=,LK!AB7'>?C-U,=+$EAJ0E;D=T/RD
MGI6@*2L#R'EQ)7(E*E/34,6*E.L-Q)#3<YH2(S$F&SYC*DM%!2T@!*4% 2E
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ME]A?O(4/,.=)4S(94MIU.BVUJ00H_I?_ /;?[7? G'Z7_P#VW^UWP)Q^E_\
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M<O!]L=OMP*K&=SL<R/<7+*+"\;C9MA<AW&;*H:N\AD1HWI5E7VR'4,K<U4B
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M/6==4]>NNNGD]GMXU^IZ_+@<O;/!+;*2E)'4I0 3KZ@)\O"5+2R#ZFI.GK$
M:'@E*6P3S*AKY>T GGIR''G$:#U/+S^@V-/35SD2JG2TST67<N.5D&++8]*D
M*4ZVD)00YWJ&V"4DD)2/-(5PV\J(U<VC:HTE=M;L1GW&)<17?)D5S2DE,4)7
MYR.@E8 3U.+*>KA64="8F!,WK;%'6^C@RI333;L-K*9<GIU2EY3A9:9*P %I
M\P_VUQ7L_P!7B"B>AU=>V[Z58H92E;JJZ"DS9X0E92G7N6U^Z4!ZI Y\65R-
MW([=MF-Q*LHT2UV_R6!(1<7DI4MZ)?>]BYT:(/27@VER%)G(Z.IPE/2E"YM3
M8MAJ5"F3H+A0L.QWGJZ8N!*5$D)\UU"76UHZT$C4$=O+C=G:?#GZF-D^<4$*
MKIW[Z5(@T[<F/D4*U<,^7$9D.-H[N.X 4,+/5H--"2/RAV1_//*/@'A:4Y)L
MDE+@"7$C-LJ2E:0H.)2L"AY@* 4 ?* >T<6UW.R38],&FJ[&WG*3FF3E:8=9
M#7.E*2%T*1J&VU$:J U[2.WC,:[:G\5H3.#0ZR5>W.8VMA3TP?N)#K%=60Y-
M=#FK=DN)8>>Z.Z"4MH)4I)4@+ 3D>Q))[!^.^5ZDDZ  #'N*;($9?X6:I-U"
M:GMU-ON1N/'N(,>0V'HXLH\?#76FUK0H*[I+REH]RX$*!2/R^\) ^GN;N9_4
MPKCPW^'G<:9CMAG.TNV=1B.3S<2G3[+&Y%K#>=>?73S[2+"D.LZ. !;L1HD@
M^;IH3QLQ_P!-3;K_ $&;C_L7P>V^48TQ962&-_(WIB)UK7NK8:\4><%I#QJW
MV0X4]1 4L$@:#70 #\C!^<.5?AW'Y&#\X<J_#N/R,'YPY5^'<?D8/SARK\.X
M_(P?G#E7X=Q<OP\23&ELU5B[%D&\R9X,26XBUL/%EV:4+Z5 *Z5 @Z:$$<6$
MY>O5-G2Y:NK3JZI,A3RM=.6NJN$H0DJ6M02E*02I2E'1*0!VDGCNGL;O4+Z@
M@)]Z9RNI2N24I*4$'7R:=O!:FQ),-T DM2H[L=P **22V\$GM!'9V@\<B#]+
MAJTG6_O?Z38V-;%8%>],"G*Z'$EN//N,K"D-GTM"24MK(T)T)T2>>5T2>0.B
MH>6$\^T>96'LX C7E#+!*@2F:]" 2.:%D6S4<Z*\@ ZA^Z"3IKJB?1+.@/0F
M]JBO0G0GI[WR>7@A#$=8ZBD*38UI2K3RI47N8]0\%2*YQX */]ZNQI9\P=2D
MA,5:R5:=B0-3Y >!TX]?*U&HZ:>Q5J/5&C?9P77<>O6FT^Z<<I[%#:?)YRU-
M #V>*U,B*_%+^0WBB'V'&%.B/65R6B ZD$A!<<TT_KC^Q+2N3>4]5/DU$V!6
M0;9;[/OU.L(KC,>-%D(;4TA2'0VHEY:!S!3J1P]47M=)J[&.$*<BRFRVYW;@
MU;<1Y%)5ST4DD:@CM! ^<9B.OKC,%$E^0^VRE]QJ/#BKF/EIE:VTJ64ME*$J
M<2"HC50'/AB/#;5'JJ]ON*^,M#"'"GI2EZ=,$<!*I$@I2MY6JM/-0%%*$_/8
M_(ZM%,R;RH[OE[F(ZQ;![ES\XV!3J?ZSL\I^=\X@?3('U^(LZ+43^["V9,:6
M_$>8@+*%!UI?ICX0T4G0$'O!J.P\-6J$%N-?*ESTQR^Q*5 F>D$SJY<F-YB^
M[4I*VSR5W3C94 HDGYFI( ]4G0<*;K84RQ<1H5H@17YBT!6O25(C)41KH=->
M IVN=BZZ^;.6Q =Y=I[F:MM>G9SZ>)!;D5;ZV8S\AQB);5\J4EEAHNO+3'8<
M*E=* 5D)&N@XG3ZRYN*]J\:@W"6(=G-B>C,6,-$MFK/HZT!3<+J,5@]('=MH
M*4(!"$YAC-E-G39\UF+D45V9*DR^M$1P5]D5+?*M%DO1CKKJH?[#YFZ>,6-W
M58U77OB(W K++(;RR@U%31UTK<28W/M9]C9+;8:;89*W25JYD!(!40#):QW.
M;&.[M'NQA>3;=5&>4>,X-#K-K5MUNWUEA6%SC?V+UBF*U7UELX%QXCG0B2\8
MY*W.Y\6UA=9;0-;A8_1[G;;81/-M5AG=';7(MY*_+<113S.O2?(I1 D,1_1U
MK+D"1'Z 6XY4-SM\;7/MN9^&S]M,CHJ'&\?W Q#,+[<.RR_:0X+#QV3B^*S9
MDJ%&8FR$R9[MNS'0A#&J XYHGC!K.EQW8>Z16;&;15<[-_Y9H#>ZM5:4>+PH
MUM3,[=(S5E*WX[B%PUL*Q1UWH*SS<2'4+L<*N=L<53#\6VV%GNO;,Y4V^]N9
MA5;=1)N'9M4VF06<EGT2JDBQ-TS3I;81UQI3B4-)5TPLQ9S3'X^;[P8UN1B&
MZ\F==US#<*'M!M-EF*XG*F3'G0C7*W96-R(ZG%ZR),/1KJ4OI&->&6RW-<BL
M9CM7?Q\RD1:S$K':EG=O<;T+-<=R6^W*5D#26'<>77T]4]W=2\ADM2&U2&U+
M=4UL#11K:JF7-!8;Q)NZR#9P9TRJ]\,E@NUZY[$1Q:FT2$(6N.M0"74I*FRI
M(UXJ9,S-)Z3"V(V1K*5W#Z6@S&LEY55;5UM=/HLDLG[RL%8F-*;]'ENM-RW6
M5!P*C=;?0K:;<C<_(-F%;OQ/$'L^IS/MLMPJRU@9[M\P\B?D^:[DT+,QQBED
MPGF8G>3)46M>=+CB7H8#"GN+*<]3>'; (&1XAXC:.LO\,WZQ[(F<BL\LVMNJ
MS'!E<J]SJ_BU7?R'FFX[KB*]E3KZD*)T0AO9' <NSK!;"[7X@8NZ-TJGS"BR
M'$MOL<A8<[CA8M<YII3M0)-JZ\AR2S!FN!IN(P7W$N*0A.W-3CUKM_MO@^8;
M';Y8(UAK=[)#& [U9M1*I[NUS2=D4ZPMFZJY<CU:ZZSG/.M,,*$?J BON<;3
MXO*S[#V\KP[:GQ67%K98YF-#<4N/Y!GFW=A&PJBBYE227JV39O.Q6%-MP)CI
M#K[+ /?ZH&W>[FW5]05N[-SO6[N%F^&'WK<EX_GU?A2**ZRAG'2HJ-?:RF&[
M=AU;1;3(D.- ]372FPS#+)B;"_MDQ#8S4M(8]+?BPVXBYCC3>B0Z^4%^0I('
M6\MQPC59^<V@_P#4@?Z+KOYBF4R0P9MU CJ:[LK,II+3KRFNI/N %)0OK(TU
M 3RZM>$N/K[Q2&6&$D^1J.REAE/U$I XY>QQM?\ ]*/"O]$V;<N,+VFVNQFQ
MS+</<+(JS%,/QBJ2T9MS>6\@1H41MR0I#3:>H]3K[SB&FFPIQU:&T*4,BWD1
M@N0KVTP_.X>V>7Y6B"M4#$\YLH"[*KQ[)6Q]U@NRFF7Q&5);0AQQIQI*BZ@H
MXNWL?V:D6<FBM:2@=HV,WVU3EEUD&28!6[I4F/X7AKURFVR"?(H+BML40J*%
M+?"7TMJ;#P4VG;'<&KPG'S0[SWE;CNUE?8;K;04N<9Q:VVZ\C8^$BBVRNKZ/
MDCC)RJ)+J'):JD,-+8>>==1':<>388%E&V-BSDE;MAE&]+C=)<8UE]-,VJPG
MWP3EN=4V4X=-GU4^NKG*FTCS'X4UT,OQ)+"^EYEQ"=IG'<+O3_+I6^^NT;;,
M)<A_/89SNPVS0K'V&.I;RU7M7.KD-!/6IQL:)*5H*M[X$'!<;K;#PWY!<XQO
M=6YAN_LQM_:;?6M!D$?$K,V]5GN0ULE<46LN)5M3XS3L9Z8^Q%9><D.MMJPM
MK>*BQ6C=W"IW,AQ!O&]U=IMS'+6@2Q%DQKQ:-K[RY,6'+;F,.5\F7W3<Q/>*
MB*>#+Q;Q6K?LMBL9WWSO:J?O5A7A-RO<6VIO$5D>W5>\([MRS2*IEX[#<[PI
M:5#L\EC2&7#W,AIEY*VTYWB6"8)U7FV*T1]P&<QRC#-L(.)VC]^,5@X[<W6Y
MUC3PFK:79DU\&G](,V5)"F8\=UQ*DC:&\J,%QY]._=[C&.;04+^[>S5?G6=6
M>99Z_MAC:JK;BQR!K($19-]%DUWI\BL;BMK:<6Z\AI"G!0[?':^&JXRG$,QS
M[&[QO<C:AW;6]Q#;V.9.>7E3O$W>'$GVJ9 !LTMW97&*D)=2A2T!6-XG<[5W
ME3DF7[ZV_AIQVGLIE'!FV6]U&U0R++!D-R9:>[6EK**!UN<\40G6YC;C,E:
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MV:A.A')3Z*V_B'JUYGN_21I_7\N>-X$\WD-=FBYMA$VOA[G8=934XYE&311
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MRG(D@(4WWC920MM0\YMQ"@4J3V'10(U /:!PVS<Q.DDA*ID34IU4O0*7&5S
M"2->E1/+D.>@2_%?:D-*UT<:6E:3H>DC5/J$$<22DZ%0;1V \ENI2H<_5!(X
M*5<@M/22.T<M1I]7MX&JQZH !U(TU\HY<:I!!U\IU'U!H.-!I];ZO';_ %?K
M\<]-/+H..?[?J<:?ZE;0;>[:;BX/MU8[<;@6V7V,[.8M]*A6$.QQ]5.B+"%
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M%$Z:_1["$\AU3N075%4Q%-A)0V_'FB_6M\DC1'=074@C4]13RTU(^9H.9/(
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MDN$(60GS5:4D5[P#;&-2<EC19F.1W,.2A^_ASICE=!E4C*JP*EMO2&G6&G&
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MF2$ZG5U:4CK4-!H  -!\Q>$V3Q]^L391Z$7%L]4_'W'"W'+*!HLF(K1AWS=
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MPWDQ0XAV3+F*074Q(;.G>OEH%/5S*4I'4-20-1KPQ<5J[.9:LLNLB5/D,N)
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ME)VKW47;7#V>9U?OMW=&MZ'[Q4V.V%<_;8L6HXC)D"7)B-,S5J5)4CNGV^E
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I]_F9EK(MGG5U:JY29#D9B(PAEOTE\)0A#)*M=2I2@=4A.A__ %L/_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>mtn-20240731_g3.jpg
<TEXT>
begin 644 mtn-20240731_g3.jpg
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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MW(Q7?4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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MOA%^Q#=>-?BCX=34/"FD_#N/^UM&CME=;RU-HL9M@API$@81X.%^;G KXO\
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MK7XA?#3Q%%NL-4O;:WBPJ,V!'*8FB/)0_O"1,H;;7M7[ O[1VG?M2?LWZ?\
M%"W^'H\*W_\ :E]::]H4:XCMM12=C<%#@$AY',G(R"Y!R020#VBBBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M0_PHMO@9XXM=1M/"%M%#%_PC^@7[6-M)'"T;0QLL0&4C,:%4&%! XX&/3:*
M.)TSX ?#ZV^"DW[/FOI?Z_X7N-);3)K/7[][F1[,QB/R3*<.0%& V=P/.[.#
M7D-I_P $G?V.X_@_??!#5= \1:KHEUM%D-8\475S)I*+,LP6RWL5M 74;C&H
M+C(<L.*^E** /(/B/^PO^SA\4_@7I?[//BGPG=G0-$OX;_29K?5IUO;:\CW
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M8H>:_,/]I7]M3]HK]J_5VO?BYX]GET]9=]IX?L,P:?:^FV$'#$?WW+/_ +5
M'Z/_ +37_!;']GKX3O<>'/@EILOCW6(\H;NWE-OID3=/]<5+38Z_NU*L/XQ7
MP%^T-_P4F_:Y_:1>>Q\5_$V?2-&GR#X?\-%K*UV'^%]I,DP]I'8?2O!Z* "B
MBB@ HHHH **** "OJ_\ X(M-M_;NT8>NA:D/_(!KY0KZL_X(P-M_;QT(>NBZ
MD/\ R6:@#X$_X+^KL_X*]?&8?]1+2S^>CV)KXZK[)_X.!EV_\%?OC*/^G[2#
M_P"46PKXVK^@\G_Y%&'_ ,$/_24>54^-^H4445Z) 4444 %/M[B>UG2ZM9GC
MEC</')&Q#*P.001T(/>F44 ?;'[&_P#P7]_X*-?L@_9- ;XJ?\+!\,6VU?\
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M]Z,?_*)85\9U]G_\'"@V_P#!87XQC_IXT3_TQ:?7QA7]!9-_R*,/_P!>X?\
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MJ[%5&,EE_$KQKXT\5?$7Q9J'CKQOKMQJ>KZK=O<ZA?W3[GFE8Y)/IZ #@
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M_)W7N?\ P3O_ &\/BK_P3M_:9T?]H'X:2O<VT1^R>)] :8I#K.FNP,ML_HW
M='P=DB(V" 5/S7$N04\YPO-!6JQ^%]_[K\GT[/YFU&JZ<M=C^NFBN)_9R_:$
M^%G[5?P2\._M _!?Q"NI^'/$VGK=6%Q@!XSDJ\,BY.R6-PT;I_"Z,.U=M7XE
M.$Z<W":LUHUYGI)W04445(!1110 4444 %%%% !1110 4444 %%%% !1110
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M VWV,B2/_P #->"T %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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M*_5N <7[3 U<.]X2O\I+_-/[SAQ4;23*-%%%??'*%%%% !1110!T/PC\>?\
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M<CLPL-Y#J***_,CL"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ K\_/\
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M"8D.#(TGZ6T45^(YAF&)S/%2Q%=WD_N2[+R1Z4(J$;(****XB@HHHH ****
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M]%%?'G0%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
D* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>mtn-20240731_g4.jpg
<TEXT>
begin 644 mtn-20240731_g4.jpg
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BH-3U/3=%TZ?5]9U&
M"TM+:)I;FZNIECCB11DLS,0% '))X%>96'[;W[)&ISK'8_M ^&G@>?R4U+[>
M!8O)G:%6Z/[AB3P,/R>!0!ZI16;X9\8^%/&D%U=>$O$5GJ45G>/:74UE.LB1
MSJ%+1EER-P##([9K2H **** "BBB@ HHHH **** "BBB@ HHK-\8>,?"?P^\
M-7GC/QUXEL='TC3XO-O]3U.Z6""W3(&YW<A5&2!DGO0!I45Y%_PW_P#L-_\
M1WOPV_\ "SL__CE:?@W]LO\ 9)^(GB>S\%> OVE_ NLZQJ$ACL=+TSQ1:SSW
M#@%MJ(CEF. 3@#H#0!Z51110 4444 %%<7\;_P!HGX'_ +-WA;_A,OCE\3=*
M\-:>VX0/J$_[RX*XW+#$H,DS#(RJ*QY'%=5H6MZ9XET2S\1Z)<^?9:A:QW-I
M-L9?,B=0R-A@",@@X(!]: +5%%% !1110 4444 %%%% !1110 4444 %%%%
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH X_P".'P"^#W[2/@.?X9_&[P'9>(-&G<2?
M9KL,&AD ($D4B$/%( 2 Z,&P2,X)%<!X-_85\)>"[&/P[:_'_P"+UYH,2A(O
M#][\0[GR$B' B66,+<",#C:)<8XZ5[?10!BCX<^ AX";X6CP=IO_  C;Z<U@
M^A_8T^RM:LI1H3'C:4*D@C'.:\B\,_\ !/#X$>%O"Q^&%IKOC&X\!_:?.C^'
ME]XIFET=/WGF>5L/[UX=_P Q@>1HF/WE.3GW>B@#RO\ :6_8[^#W[67A6Q\!
M_%TZR^A:?-'-!H^DZN]G;F6,,$=EBP6*AB ,X''&1FL;]LW2++P'_P $^OBK
MH=UXEO;R*V^&.MP1W^MWWG3RL]E,J*\C8+L695!/)XZD\^VUE>+/ O@CQ[91
MZ;XZ\&Z5K5O#+YD-OJVG17*(^"-P612 <$C(YYH ^3_V!?V6?AW\3_V ?A[I
M.I?$+Q;-X8UWPM!)KWA&S\1LNGW<K9^T1,0//CC=P_F0QRI&Q9P4^8BOI[QM
M\&/A5\1?A;<?!+QGX#TV]\)W6GI8R:"UN$MU@0 1HBICR]FU2A3!0JI4@@&M
M#PE\/_ ?@"WFM/ G@G2-$BN'#W$6D:;%;+*P& 6$:@,0.YK7H \7\'?L*_"+
MPO8:)X=UKQ1XP\3Z!X9NHKCPWX9\5>))+RPT^2+_ %!$9 ,PBX\L3F0)@%0"
MH(N_M _L7_"+]ICQ9H'C+XH:IXE:[\*WR7WAU-+\02VD>GW2E6$\:Q8_> HI
M#')&.,9->MT4 >=_'O\ 9;^$7[3GP=_X4C\;=*NM:TE7AFBN9;MDNXKB($)<
M+*F"LF"P)Q@AV!!!(KS[6?\ @F#^R=XDT_PS!XET7Q'J.H>%M22]L?$5]XNO
M9-4F90 L4MV9/-,0 &V-654P=@7<V?H6B@#R+XS?L/?L\?'/Q/X3\9>+?#=_
M8ZGX*MVM=!O/#>M7&F20VC+M:U+6SHWDE>-H((!8 @,P-3]IS]@#]E[]K3PO
MH_AGXJ^ ?+/AV 0>']1T2<VEUI\(  BC=!CR\*,(P91C( /->T44 >:?LS_L
MD?!3]DSPU>>'OA%H5TDVIS)+J^L:K?/=WVH.@*IYLTAR54$A4&%7+$*"S$^E
MT44 >._M.?L._!;]KX6=I\<+WQ'?V&G78NK#2K/7Y;:V@G";/-"1XR^TMR22
M-S8QDUZ?X0\-?\(CH4.A#Q!J>IB'A;O5[OSYV'8,^ 6QZGGU)K3HH \C\;_L
M7?"7Q5\8)?C_ .&=5\0^#?&5Y:+:ZOKO@[5_LCZI N-J7,;*\4V J@,R;QM7
MYOE7'9?"3X+_  ]^"6A76A^ =)DB.HW\E_J^H7EU)<W>I7DF-]Q<3REGED;
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M$Y8QIN#VKGKOA9"3C=N Q7[M_P#!-W_@O/\ L??M_BR\ ZMJ*_#SXCS[8_\
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MKRG^DOT?R\SLPU3[#/T HHHK\V.P**** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ K*\<^-/#GPX\&:KX_\7Z@MII6BZ?->ZA<M_RSAC0NQ]S@' [G
MBM6O@;_@NC^TTW@_X9Z/^S)X:U$I?>*'&H:^L;X9-/B?]U&?:29<_2W(/!H
M_.S]IKX]^)_VF?CCX@^-'BHLDNL7I:TM"^1:6J_+# /9(PH)'4Y;J37!T44
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 5]'_\$CVV_P#!0OX>
MG_;U0?\ E*O*^<*^C/\ @DNVW_@H/\/#_P!-M2'_ )3+N@#X]_X.,H?+_P""
MPWQ7?'^L@T!O_*%8#^E?$-?<_P#P<@Q>7_P5\^)3X^_I^@M_Y1[,?TKX8K^@
M<DUR;#?]>X?^DH\JK_$?J%%%%>F0%%%% !1110 4444 %%%% !1110 4444
M%%%% !7T%_P3!_;A\1_\$^OVRO"G[06G7%PVBQW(T_QEI\&3]NT>=E%PFW^)
MDPLR#_GI"G;-?/M%8XBA2Q-"5&HKQDFGZ,:;B[H_M/\ #?B+0O&'AVP\6^%]
M6@O],U2RBN].OK60/%<02H'CD1AU5E8$'N#5VOS&_P"#7_\ ;DE^/_[']_\
MLM^-M:,_B3X37"0Z;YTF9)]#G+-;8SRWDR++#QPJ" =Q7Z<U_/\ F6!J9;CJ
MF&GO%_>NC^:U/5A)3BF@HHHKA*"BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@!EQ/!:P/=74RQQQH6DD=@%50,DDGH *_ W]M3]H"Y_:;_ &F?%7Q<\]VL
M+O4#!HB-G]W80_NX!C^$E%#D?WG;UK]:?^"JGQU?X%?L8>)KO3KWR=4\3!=
MTLAL-NN0PF([@BW6<@CH0*_$.@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ KZ)_X)/-M_P""@GP[/_3SJ _\IMU7SM7T-_P2E;;_ ,%
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M&6AA^+C5=3G*^ICCMUS_ .1?UH _,:BBB@ HHHH **** "BOLCPKXF^)$?\
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M+G1+[1TBG,B_Q+&?+GV]_)QWKF_''[#]O^P#_P %!/B9?_$;2UU'P1\#XO\
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MU?\ !!#Q3]@_:1\7^#WDVKJ7@LW*@G[SP74( ^NV9C^!K\?/^"J'@2Z^&_\
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M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ K^JC_@B!^RE_P ,A_\
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MS HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***]I_P"">O[''BS]O/\
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M2)!'&@55&%51@ >E?F_'&=)1_L^B]79S_-1_5_([,-3^VQ:***_,SL"BBB@
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M%%%%<104444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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MA^[AY?$_5_HOO9V4\/"&KU8V""&VA2VMH5CCC4+'&B@*J@8  '0"G445\>=
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MZ*^7QW$F=8]-5*K4>T?=7X:OYMFT:-.&R&6]O!:P):VL*1Q1H$CCC4!54#
M Z #M3Z**\(U"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
'"BBB@#__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>mtn-20240731_g5.jpg
<TEXT>
begin 644 mtn-20240731_g5.jpg
M_]C_X  02D9)1@ ! 0$ D "0  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" )! \0# 2(  A$! Q$!_\0
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M4:*\N_XO3_U(?_D[1_Q>G_J0_P#R=H ]1HKR[_B]/_4A_P#D[1_Q>G_J0_\
MR=H ]1HKR[_B]/\ U(?_ ).T?\7I_P"I#_\ )V@#U&BO+O\ B]/_ %(?_D[1
M_P 7I_ZD/_R=H ]1HKR[_B]/_4A_^3M'_%Z?^I#_ /)V@#U&BO+O^+T_]2'_
M .3M'_%Z?^I#_P#)V@#U&BO+O^+T_P#4A_\ D[1_Q>G_ *D/_P G: /4:*\N
M_P"+T_\ 4A_^3M'_ !>G_J0__)V@#U&BO+O^+T_]2'_Y.T?\7I_ZD/\ \G:
M/4:*\N_XO3_U(?\ Y.T?\7I_ZD/_ ,G: /4:*\N_XO3_ -2'_P"3M'_%Z?\
MJ0__ "=H ]1HKR[_ (O3_P!2'_Y.T?\ %Z?^I#_\G: /4:*\N_XO3_U(?_D[
M1_Q>G_J0_P#R=H ]1HKR[_B]/_4A_P#D[1_Q>G_J0_\ R=H ]1HKR[_B]/\
MU(?_ ).T?\7I_P"I#_\ )V@#U&BO+O\ B]/_ %(?_D[1_P 7I_ZD/_R=H ]1
MHKR[_B]/_4A_^3M'_%Z?^I#_ /)V@#U&BO+O^+T_]2'_ .3M'_%Z?^I#_P#)
MV@#U&BO+O^+T_P#4A_\ D[1_Q>G_ *D/_P G: /4:*\N_P"+T_\ 4A_^3M'_
M !>G_J0__)V@#U&BO+O^+T_]2'_Y.T?\7I_ZD/\ \G: /4:*\N_XO3_U(?\
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M /4:*\N_XO3_ -2'_P"3M'_%Z?\ J0__ "=H ]1HKR[_ (O3_P!2'_Y.T?\
M%Z?^I#_\G: /4:*\N_XO3_U(?_D[1_Q>G_J0_P#R=H ]1HKR[_B]/_4A_P#D
M[1_Q>G_J0_\ R=H ]1HKR[_B]/\ U(?_ ).T?\7I_P"I#_\ )V@#U&BO+O\
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MN_XO3_U(?_D[1_Q>G_J0_P#R=H ]1HKR[_B]/_4A_P#D[1_Q>G_J0_\ R=H
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ME=37+?"O_DF'A#_L#V?_ *(2NIH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ KEOBI_P DP\7_ /8'
MO/\ T0]=37+?%3_DF'B__L#WG_HAZ #X5_\ ),/"'_8'L_\ T0E=37+?"O\
MY)AX0_[ ]G_Z(2NIH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ KEOBI_R3#Q?_P!@>\_]$/74URWQ
M4_Y)AXO_ .P/>?\ HAZ #X5_\DP\(?\ 8'L__1"5U-<M\*_^28>$/^P/9_\
MHA*ZF@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M'Q!OO%D2-!X:M4M//TU63[2TT<0 *A3@LPY4R@Y&<=E\6=!TS]I+_@HAX?\
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MC@#Z5/117C'IA1110 4444 %%%% !1110 4444 %%%% !1110 5C^,/%VD^
M?"FK^)=>N_L&B:3:R7M[=>6\GE0QJ6=]J L< $X )K8IKHLB,CJ&5A@JPR"/
M2@#XW_:8^*O[(GQF^$NLZAXP\6>!_$<B6$ALYK.]@?68GV$H(%0^>K;L?*1M
MS]X8S5'X#_'J[_9:_P""=?@WQI\7VO&U*WM7AL+"X)%[>!Y9396_S=&,(4Y/
MW8UR?ND5[!X1_8]\"^%_CMXR^),FB>'[Q]:AL(].TW^P;>,:2\".)98Y.=SS
M%E)8*I&P EN,>L^-/ 'A?XD:2FE^+?#>D>*-,29;A;+6K&*\A60 @.$D5E#
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HKP/XS_MK?#;X.^?9
MMJ7_  DFO1Y']EZ.RR%&])),[$]QDM_LU\+?%3]M;XJ_'*^.BZ(TWA[3KMO*
MBTCP^':YGS_"TH'F.>O"[01U6O5PV6U\1[UN6/=GGUL=1HZ7N^R/O[XS?M<?
M#GX)K/;:KK"ZGKD>0-&TK$UP&YX?G;'_ ,#(/H#7PC\7_P!OCXD?%BX?2?#
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 445YUXU_
M:*^&?P\WKK_C;1[.9/O6T=P)YQ]8H]S_ *5<82J.T%=DRE&"O)V/1:*^/?&O
M_!33X>Z+OC\.Z)K'B69>DDBK9P-_P)MS_P#CE> ^-?\ @I;\2M>WQZ!IVC^%
MX#]V1(3=3C_@4AV'_OBO3I95BJGV;>O]7."IF&'A]J_H?J!7GOC7]H/X;?#O
M>OB#QIH]C,GWK9;D33C_ +91[G_2OR\^T?M!?M%=&\8>)[*;^X)(['GZ;817
MH/@G_@FM\3O$'ER:]>:/X6@/WHYIS<SCZ+$"A_[[%=G]FT*/^\5DO)?U^AS?
M7JM7^#2;]?Z_4^A/&_\ P4R^'FAK)'X<T?5_$]PH.QV1;.W;T^9\N/\ OW7R
M=\2/VK?B[^TAJO\ 8&FM=6EE=G9%X?\ #<3YE'H[+F23MD$[?]D5]5>"?^"8
M_@+1O+D\2:_J_B29?O1P[+.!OJHW/^3U]+_#GX0^#?A)IIL?"/AZST6%AB22
M%2TTO^_*Q+O_ ,")IK$X#"ZT(<TN[_K]!.AC,1I5ERKLOZ_4^"/@Q_P37\2^
M)?(U'X@ZD/#&GMAO[-LRLUZX]&;E(O\ Q\]BHK[G^%7P%\"_!>Q^S^$_#]O8
M3,NV6^<>;=3?[\K98C/\((4=@*] HKS,1CJ^*TG+3LMCOHX2E0^%:]PHHHKS
MSL"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "N6^*G_),/%_\ V![S_P!$
M/74URWQ4_P"28>+_ /L#WG_HAZ #X5_\DP\(?]@>S_\ 1"5U-<M\*_\ DF'A
M#_L#V?\ Z(2NIH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HKCOB9\7O"'P@T4ZGXLURVTF @^5%(VZ:<CM'&,LY^@X[XKX0^,W_!2SQ'
MK5T]E\.+!/#VGHW&IZA$D]W+UY$9S&@]B'/N.E=^&P-?%?PUIW>QR5L52P_Q
MO7MU/T@HK\H=+_X**?&73\>?J.DZEC_GZTU%S_W[V5U^E_\ !4#X@P8&H>%_
M#=X!U-NEQ"3^<K?RKNEDV*6UG\SD69X=[W7R/TOHK\_]+_X*I2KA=2^'"/ZR
M6NL%?_'6A/\ .NOTO_@J)X'FQ_:/A'Q!:>OV5H)\?]].E<TLKQ<?L?BO\S=8
M_#2^W^9]HT5\NZ7_ ,%'/@]J&//GUO3<_P#/UIV['_?MGKKM+_;>^"6K8$7C
MJWA8_P -U9W,./Q>,#]:YY8/$QWIO[F;+$T);37WGNE%>=:7^T9\+-9P+3XA
M^&79NB2:K#&Q_P" LP-=?I?B[0]<Q_9VM:?J&[I]ENHY,_\ ?)-<\J<X_%%H
MV4XRV9K4445F6%%%% !1110 4444 %%%% !1110 44C,%4LQ  &23VKS/QM^
MTQ\+OA[YBZWXWTF&>/[UM;3_ &F<>QCBW,/Q%7"G.H[05WY$2G&"O)V/3:*^
M-?&W_!3KP+H_F1^&O#NK^(IE^[)<%+.!OH3O?\T%>!>-O^"DWQ0\0>9'H=MI
M'A: _=>WM_M,X^K2DJ?^^!7J4LJQ53[-O7^KG#4S##P^U?T/U&)P,G@5YOXV
M_:1^&'P\\Q==\;Z1;3Q_>MH9_M$X^L46Y_TK\P_[,_:"_:).7B\7^)[.;H9C
M)%8\^FXK"*](\%?\$S_B1KNR3Q!JFC^&(3]Z,R&[G7_@*?(?^^ZZ_P"S</1_
MWBLEY+^OT.;Z]6J_P:3^?]?J>[^-O^"G'@'1O,C\-Z!K'B29?NR3;+.!OHQW
M/^:5X%XV_P""E7Q.U_S(]!LM'\+0'[LD4!NIQ]6E)0_]\5]!^"O^"9OP[T/9
M)XBUC6/$TZ_>C5UM(&_X"F7_ /'Z]]\%?L]_#;X=[&\/^"M'L9D^[<M;":<?
M]M9-S_K1[?+:'\.FYOS_ *_0/98ZM\<U%>7]?J?E[Y/[07[174>,/$]E-_>\
MR.QY^NV$?I7HO@K_ ()I_$O7MDFOZAH_A>$_>C>8W4X_X#&-A_[[K]0**B6<
M5;<M&*BOZ^7X%QRVG>]23DSX\\%?\$ROA]HNR3Q'KFL>)9EZQQE;.!OJJ[G_
M ">O??!7[.GPR^'FQM!\$Z/:3)]VYDMQ/./I+)N?]:]&HKS*N,Q%;XYMG=3P
MU&G\$4%%%%<9TA1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4455U34[71=-N]1O[A+6Q
MM(7N)[B4X2.-%+,Q/8  G\* +5%? VO?M-_&?X\>(/ 7Q ^$?P<\4W_PJT/4
MKF[N+AO$%OILOB.'RW@"_9BX9HU?+@$.&*CA2*^O+[XS:%X9^#L7Q(\8I=^"
M-$6PAOKVWUN$QW-B9-H$,D:Y/F[W5-BY)8@#)- '>T5\U_LV_MH0_M&?%OQO
MX,@\"ZQX2A\.V=M?0W.NOY5U=1S@,C-:[,Q!D9'7+ME6!P,UH_M%?M+^*_A'
M\2/ O@7P1\,3\2_$?BJVOKJ*U_M^'21$EL(V;YY8V5LJ['EE^[QG/ !]!T5X
MO\$_BE\8/'/B:\LOB%\#O^%8Z1%:--!JG_"76>K>?.'0"'RH4#+E6=MY.!LQ
MWK"^-?[6%UX#^)MG\,OA_P" -1^*GQ'FLO[3GTBROH;"VL;7. ]Q<RY6,MQ@
M$<Y&2-RY /H6BO _V??VK/\ A;_C3Q'X \5>"]0^&OQ*\/PI=WGAW4+J.Z22
MW? $T$Z8$J LH)"@#>N"<G'OE !7+?%3_DF'B_\ [ ]Y_P"B'KJ:Y;XJ?\DP
M\7_]@>\_]$/0 ?"O_DF'A#_L#V?_ *(2NIKEOA7_ ,DP\(?]@>S_ /1"5U-
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M8R/V_P %_D8O 89_9_,_,C5/^"8GQ*M<M8Z_X9OE'16GGB<_AY)'ZUR&J?\
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M3[MS]F62<?\ ;5\O^M=_17EU<77K?'-L[Z>'HT_@B@HHHKD.@**** "BBB@
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M:&\(B)'WWI9E!,?V?E?8\XS]#4J2;L:2IRA%2=M?-7^:W7S(_P#A?"_]$_\
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M#PA_V![/_P!$)74T %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %<M\5/^28>+_P#L#WG_ *(>NIKEOBI_R3#Q?_V![S_T0] !\*_^28>$
M/^P/9_\ HA*ZFN6^%?\ R3#PA_V![/\ ]$)74T %%%% !1110 4444 %%%%
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MU-2M;;58QU;'DR'\5^7_ ,=KZ4KF=>^&OAGQ)N-]H]NTK=9H5\J3Z[EP3^-
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M;>[]/MI3N:[OLF1_<*?F/U.![U[IX-^$GA[P9LE@M?ME\O/VRZP[@_[(Z+^
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MH- 'JGBG]H[2=/WPZ+:R:I,.!-)F.'ZC^(_D/K7E>J>//&?Q*NC9QRW,ZO\
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M4[%AT>R#2'/0;Y=[9]UQ78-\#_ =Y,EPFB0Y4Y'E3R;/Q7=M/Y5Z#X>U'5?
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MO"WPC\,^$]CP6"W=TO\ R\WF)'SZ@=%_ "NSKR[_ (0'XE_]%57_ ,)VV_\
MBJ/^$!^)?_155_\ "=MO_BJ /4:*\N_X0'XE_P#155_\)VV_^*H_X0'XE_\
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MU&BO+O\ A ?B7_T55?\ PG;;_P"*H_X0'XE_]%57_P )VV_^*H ]1HKR[_A
M?B7_ -%57_PG;;_XJC_A ?B7_P!%57_PG;;_ .*H ]1HKR[_ (0'XE_]%57_
M ,)VV_\ BJ/^$!^)?_155_\ "=MO_BJ /4:*\N_X0'XE_P#155_\)VV_^*H_
MX0'XE_\ 155_\)VV_P#BJ /4:*\N_P"$!^)?_155_P#"=MO_ (JC_A ?B7_T
M55?_  G;;_XJ@#U&BO+O^$!^)?\ T55?_"=MO_BJ/^$!^)?_ $55?_"=MO\
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M\7_]@>\_]$/0 ?"O_DF'A#_L#V?_ *(2NIKEOA7_ ,DP\(?]@>S_ /1"5U-
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MG['K%E<>GG(\7\@U:UJ,JEN6;C;L<&6YE1P+G[;"PK*7\W-IZ6:M]S/ +/\
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M#WG_ *(>NIKEOBI_R3#Q?_V![S_T0] !\*_^28>$/^P/9_\ HA*ZFN6^%?\
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M****R- HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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MD>"-9TN'P5XQM)81!X+\8Z6+66VN4(9%@\Q/++*ZC8%P^5!"@XK*_:EUG5/
M'[6GP.\=1>"_%GB[1-)TO7(+P>$]&EU*:)I8XD3<J#C)/<C@'TH ]6^"?[9'
MP?\ VBO$UYX?^'OB[_A(-7L[1K^>W_LR\MMD(=$+;IH44_-(@P#GGI@&K'QH
M_:Z^$'[/>I6^G>/O'%CH>I3H)$L$AFN[D(<X=HH$=T4X.&8 '!Q4/P8_:T\
M_&_Q+J/A?2WU;0/&.GQ>?<^&?$VG2:?J"1<?O!&X^9>1G:21D9QD5XC_ ,$\
M+6S^(7B/X^?%35;:.Z\5:GX]O]&%Y,NYX;&WCA,,"$YVH!+MP.H1<YP* /JC
MX9_%;PA\9/"T/B/P3X@LO$>BRL4%U92;MCC!*.IPR. 0=K '!''-=97Q5^S;
M86OPU_X*#?M"^!M$067AW4M.T[Q&FG0H$@@N&2,3,J@X!=IF8X [#^$5]JT
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MNT+_ ,&4/_Q5'_"T?!G_ $-VA?\ @RA_^*H Z>BN8_X6CX,_Z&[0O_!E#_\
M%4?\+1\&?]#=H7_@RA_^*H Z>BN8_P"%H^#/^ANT+_P90_\ Q5'_  M'P9_T
M-VA?^#*'_P"*H Z>BN8_X6CX,_Z&[0O_  90_P#Q5'_"T?!G_0W:%_X,H?\
MXJ@#IZ*YC_A:/@S_ *&[0O\ P90__%4?\+1\&?\ 0W:%_P"#*'_XJ@#IZ*YC
M_A:/@S_H;M"_\&4/_P 51_PM'P9_T-VA?^#*'_XJ@#IZ*YC_ (6CX,_Z&[0O
M_!E#_P#%4?\ "T?!G_0W:%_X,H?_ (J@#IZ*YC_A:/@S_H;M"_\ !E#_ /%4
M?\+1\&?]#=H7_@RA_P#BJ .GHKF/^%H^#/\ H;M"_P#!E#_\51_PM'P9_P!#
M=H7_ (,H?_BJ .GHKF/^%H^#/^ANT+_P90__ !5'_"T?!G_0W:%_X,H?_BJ
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M?_BJ .GHKF/^%H^#/^ANT+_P90__ !5'_"T?!G_0W:%_X,H?_BJ .GHKF/\
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MH:%_X+8?_B:/^%4^"O\ H4-"_P#!;#_\37544 <K_P *I\%?]"AH7_@MA_\
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M^)H_X53X*_Z%#0O_  6P_P#Q-=510!RO_"J?!7_0H:%_X+8?_B:/^%4^"O\
MH4-"_P#!;#_\37544 <K_P *I\%?]"AH7_@MA_\ B:/^%4^"O^A0T+_P6P__
M !-=510!RO\ PJGP5_T*&A?^"V'_ .)H_P"%4^"O^A0T+_P6P_\ Q-=510!R
MO_"J?!7_ $*&A?\ @MA_^)H_X53X*_Z%#0O_  6P_P#Q-=510!RO_"J?!7_0
MH:%_X+8?_B:/^%4^"O\ H4-"_P#!;#_\37544 <K_P *I\%?]"AH7_@MA_\
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M^)H_X53X*_Z%#0O_  6P_P#Q-=510!RO_"J?!7_0H:%_X+8?_B:/^%4^"O\
MH4-"_P#!;#_\37544 <K_P *I\%?]"AH7_@MA_\ B:/^%4^"O^A0T+_P6P__
M !-=510!RO\ PJGP5_T*&A?^"V'_ .)H_P"%4^"O^A0T+_P6P_\ Q-=510!R
MO_"J?!7_ $*&A?\ @MA_^)H_X53X*_Z%#0O_  6P_P#Q-=510!RO_"J?!7_0
MH:%_X+8?_B:/^%4^"O\ H4-"_P#!;#_\37544 <K_P *I\%?]"AH7_@MA_\
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M^)H_X53X*_Z%#0O_  6P_P#Q-=510!RO_"J?!7_0H:%_X+8?_B:/^%4^"O\
MH4-"_P#!;#_\37544 <K_P *I\%?]"AH7_@MA_\ B:/^%4^"O^A0T+_P6P__
M !-=510!RO\ PJGP5_T*&A?^"V'_ .)H_P"%4^"O^A0T+_P6P_\ Q-=510!R
MO_"J?!7_ $*&A?\ @MA_^)H_X53X*_Z%#0O_  6P_P#Q-=510!RO_"J?!7_0
MH:%_X+8?_B:/^%4^"O\ H4-"_P#!;#_\37544 <K_P *I\%?]"AH7_@MA_\
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M^)H_X53X*_Z%#0O_  6P_P#Q-=510!RO_"J?!7_0H:%_X+8?_B:/^%4^"O\
MH4-"_P#!;#_\37544 <K_P *I\%?]"AH7_@MA_\ B:/^%4^"O^A0T+_P6P__
M !-=510!RO\ PJGP5_T*&A?^"V'_ .)H_P"%4^"O^A0T+_P6P_\ Q-=510!R
MO_"J?!7_ $*&A?\ @MA_^)H_X53X*_Z%#0O_  6P_P#Q-=510!RO_"J?!7_0
MH:%_X+8?_B:/^%4^"O\ H4-"_P#!;#_\37544 <K_P *I\%?]"AH7_@MA_\
MB:/^%4^"O^A0T+_P6P__ !-=510!RO\ PJGP5_T*&A?^"V'_ .)H_P"%4^"O
M^A0T+_P6P_\ Q-=510!RO_"J?!7_ $*&A?\ @MA_^)K?TO2;+0[&*RTZS@L+
M.+/EV]M&L<:9))PH  R23]35NB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH *Y;XJ?\DP\7_P#8'O/_ $0]=37+?%3_ ))AXO\ ^P/>?^B'H /A7_R3
M#PA_V![/_P!$)74URWPK_P"28>$/^P/9_P#HA*ZF@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "N6^
M*G_),/%__8'O/_1#UU-<M\5/^28>+_\ L#WG_HAZ #X5_P#),/"'_8'L_P#T
M0E=37+?"O_DF'A#_ + ]G_Z(2NIH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ KEOBI_R3#Q?_ -@>
M\_\ 1#UU-<M\5/\ DF'B_P#[ ]Y_Z(>@ ^%?_),/"'_8'L__ $0E=37+?"O_
M ))AX0_[ ]G_ .B$KJ: "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M/0 ?"O\ Y)AX0_[ ]G_Z(2NIKEOA7_R3#PA_V![/_P!$)74T %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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MC_A8'Q+_ .B3_P#EQVW_ ,37J-% 'EW_  L#XE_]$G_\N.V_^)H_X6!\2_\
MHD__ )<=M_\ $UZC10!Y=_PL#XE_]$G_ /+CMO\ XFC_ (6!\2_^B3_^7';?
M_$UZC10!Y=_PL#XE_P#1)_\ RX[;_P")H_X6!\2_^B3_ /EQVW_Q->HT4 >7
M?\+ ^)?_ $2?_P N.V_^)H_X6!\2_P#HD_\ Y<=M_P#$UZC10!Y=_P + ^)?
M_1)__+CMO_B:/^%@?$O_ *)/_P"7';?_ !->HT4 >7?\+ ^)?_1)_P#RX[;_
M .)K+;XS^.(_$T?A]OAAC5Y+4WJV_P#;\',(;86W;-OWN,9S[5[+7!7'AG4Y
M/CC:>(%MLZ1'H+V37'F+Q,9]X7;G=]WG.,>] &7_ ,+ ^)?_ $2?_P N.V_^
M)H_X6!\2_P#HD_\ Y<=M_P#$UZC10!Y=_P + ^)?_1)__+CMO_B:/^%@?$O_
M *)/_P"7';?_ !->HT4 >7?\+ ^)?_1)_P#RX[;_ .)H_P"%@?$O_HD__EQV
MW_Q->HT4 >7?\+ ^)?\ T2?_ ,N.V_\ B:/^%@?$O_HD_P#Y<=M_\37J-% '
MEW_"P/B7_P!$G_\ +CMO_B:/^%@?$O\ Z)/_ .7';?\ Q->HT4 >7?\ "P/B
M7_T2?_RX[;_XFC_A8'Q+_P"B3_\ EQVW_P 37J-% 'EW_"P/B7_T2?\ \N.V
M_P#B:/\ A8'Q+_Z)/_Y<=M_\37J-% 'EW_"P/B7_ -$G_P#+CMO_ (FC_A8'
MQ+_Z)/\ ^7';?_$UZC10!Y=_PL#XE_\ 1)__ "X[;_XFLOPU\9_''C#2(M4T
MCX8?:[&1G1)?[?@3)5BK##(#P01TKV6N"^!_AG4_!_PYL=+U>V^R7T<UP[Q>
M8KX#3.RG*DCD$'K0!E_\+ ^)?_1)_P#RX[;_ .)H_P"%@?$O_HD__EQVW_Q-
M>HT4 >7?\+ ^)?\ T2?_ ,N.V_\ B:/^%@?$O_HD_P#Y<=M_\37J-% 'EW_"
MP/B7_P!$G_\ +CMO_B:/^%@?$O\ Z)/_ .7';?\ Q->HT4 >7?\ "P/B7_T2
M?_RX[;_XFC_A8'Q+_P"B3_\ EQVW_P 37J-% 'EW_"P/B7_T2?\ \N.V_P#B
M:/\ A8'Q+_Z)/_Y<=M_\37J-% 'EW_"P/B7_ -$G_P#+CMO_ (FC_A8'Q+_Z
M)/\ ^7';?_$UZC10!Y=_PL#XE_\ 1)__ "X[;_XFC_A8'Q+_ .B3_P#EQVW_
M ,37J-% 'EW_  L#XE_]$G_\N.V_^)H_X6!\2_\ HD__ )<=M_\ $UZC10!X
MUJ7QG\<:/J^E:7=_##R;[5&D2SB_M^!O-*+N<9"8&!SR16I_PL#XE_\ 1)__
M "X[;_XFM3QQX9U/6/B)X U2TMO.L=+GNWO)?,5?*#PA4."<G)XX!KO: /+O
M^%@?$O\ Z)/_ .7';?\ Q-'_  L#XE_]$G_\N.V_^)KU&B@#R[_A8'Q+_P"B
M3_\ EQVW_P 31_PL#XE_]$G_ /+CMO\ XFO4:* /+O\ A8'Q+_Z)/_Y<=M_\
M31_PL#XE_P#1)_\ RX[;_P")KU&B@#R[_A8'Q+_Z)/\ ^7';?_$T?\+ ^)?_
M $2?_P N.V_^)KU&B@#R[_A8'Q+_ .B3_P#EQVW_ ,31_P + ^)?_1)__+CM
MO_B:]1HH \N_X6!\2_\ HD__ )<=M_\ $T?\+ ^)?_1)_P#RX[;_ .)KU&B@
M#R[_ (6!\2_^B3_^7';?_$T?\+ ^)?\ T2?_ ,N.V_\ B:]1HH \N_X6!\2_
M^B3_ /EQVW_Q-'_"P/B7_P!$G_\ +CMO_B:]1HH \:\-?&?QQXPTF/4](^&'
MVNQD9T67^WX$R58JPPR \$'M6I_PL#XE_P#1)_\ RX[;_P")K4^"'AG4_!_P
M[L],U>V^R7T<]P[1>8KX#3.RG*DCD$=Z[V@#R[_A8'Q+_P"B3_\ EQVW_P 3
M1_PL#XE_]$G_ /+CMO\ XFO4:* /+O\ A8'Q+_Z)/_Y<=M_\31_PL#XE_P#1
M)_\ RX[;_P")KU&B@#R[_A8'Q+_Z)/\ ^7';?_$T?\+ ^)?_ $2?_P N.V_^
M)KU&B@#R[_A8'Q+_ .B3_P#EQVW_ ,31_P + ^)?_1)__+CMO_B:]1HH \N_
MX6!\2_\ HD__ )<=M_\ $T?\+ ^)?_1)_P#RX[;_ .)KU&B@#R[_ (6!\2_^
MB3_^7';?_$T?\+ ^)?\ T2?_ ,N.V_\ B:]1HH \N_X6!\2_^B3_ /EQVW_Q
M-'_"P/B7_P!$G_\ +CMO_B:]1HH \N_X6!\2_P#HD_\ Y<=M_P#$UE^(/C/X
MX\+PVDNI_##[-'=W4=G"?[?@?=,Y(1?E0XS@\GCWKV6N"^+WAG4_%&F^'8M,
MMOM,EIKMI>3#S%3;"A8NWS$9QD<#GVH R_\ A8'Q+_Z)/_Y<=M_\31_PL#XE
M_P#1)_\ RX[;_P")KU&B@#R[_A8'Q+_Z)/\ ^7';?_$T?\+ ^)?_ $2?_P N
M.V_^)KU&B@#R[_A8'Q+_ .B3_P#EQVW_ ,31_P + ^)?_1)__+CMO_B:]1HH
M \N_X6!\2_\ HD__ )<=M_\ $T?\+ ^)?_1)_P#RX[;_ .)KU&B@#R[_ (6!
M\2_^B3_^7';?_$T?\+ ^)?\ T2?_ ,N.V_\ B:]1HH \N_X6!\2_^B3_ /EQ
MVW_Q-'_"P/B7_P!$G_\ +CMO_B:]1HH \N_X6!\2_P#HD_\ Y<=M_P#$T?\
M"P/B7_T2?_RX[;_XFO4:* /+O^%@?$O_ *)/_P"7';?_ !-'_"P/B7_T2?\
M\N.V_P#B:]1HH \N_P"%@?$O_HD__EQVW_Q-='\-?'K^/]'O[BXTN31M0T^_
MFTV\LWF681S1XR%=>&&&'.!SGJ ">NK@OA-X9U/PS_PF7]I6WV;^T/$E[J%M
M^\5_,@DV;'^4G&<'@X/J* .]HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M_P#X)Z>-_A[X(TTV>EZ)H]O+:6D(+MY5K<Q7,A/=F81.S,>222>30!YM9_\
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MF\*>/?$FMQ:UH.M3^'-6U;1]2:"]NOLLJ2!7G&6^>-T1SD,PR<Y;->1_M-?
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M[Y_M83RX]N6^1AD[..HH _4:BFQLS(I9=K$<KG./:G4 %%%% !1110 4444
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M?$?AGX;Z=::S!()H+J[GN+WR) <AXUGD=8V!Y!4 CC'2O?** "BBB@ HHHH
M**** "BBB@ HHHH CGA2YADAE7?'(I1E]01@BOEG_AUQ^S%_T3/_ ,K^J?\
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MGKZX- 'T917@O[''Q@\0_%'X<ZOIGCB:.;XA^#M:N_#GB"2. 0K//"Y,<ZH
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MF?L=_'37/C?\-]8'BZUM;/QQX3UV\\,:]'8@K"]U;, 98U)R%967VW!\8 P
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MK8^ ?B=X4O)HK76_#'CK68M0M9),/$CS&1)2#@A&!8!NAV-SP</_ ."?,O\
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MJ\A^$_[)/PD^!^O/KG@WP9;:=K;1F$:G=7-Q?7*(1@JDMQ)(R C@A2,BO7J
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MX"E=N,,PP!R:[^J>CZ18^'])LM+TRTAT_3;&!+:UM+:,)%!$BA41%'"JJ@
M< "KE !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
,% !1110 4444 ?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>20
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259993149120">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document And Entity Information - USD ($)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Sep. 23, 2024</div></th>
<th class="th"><div>Jan. 31, 2024</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DocumentAndEntityInformationAbstract', window );"><strong>Document And Entity Information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.01 par value<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(303)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Address, State or Province</a></td>
<td class="text">DE<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentTransitionReport', window );">Document Transition Report</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentAnnualReport', window );">Document Annual Report</a></td>
<td class="text">true<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">10-K<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jul. 31,  2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">FY<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Vail Resorts, Inc.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000812011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Large Accelerated Filer<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityShellCompany', window );">Entity Shell Company</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntitySmallBusiness', window );">Entity Small Business</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity Well-known Seasoned Issuer</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Entity Voluntary Filers</a></td>
<td class="text">No<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">37,485,473<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityPublicFloat', window );">Entity Public Float</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 8,336,162,160<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-09614<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">51-0291762<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">390 Interlocken Crescent<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Broomfield,<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CO<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">80021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">404-1800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">MTN<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInteractiveDataCurrent', window );">Entity Interactive Data Current</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_IcfrAuditorAttestationFlag', window );">ICFR Auditor Attestation Flag</a></td>
<td class="text">true<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--07-31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AuditorName', window );">Auditor Name</a></td>
<td class="text">PricewaterhouseCoopers LLP<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AuditorLocation', window );">Auditor Location</a></td>
<td class="text">Denver, Colorado<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jul. 31,  2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AuditorFirmId', window );">Auditor Firm ID</a></td>
<td class="text">238<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--07-31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentFinStmtErrorCorrectionFlag', window );">Document Financial Statement Error Correction [Flag]</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AuditorFirmId">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>PCAOB issued Audit Firm Identifier</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AuditorFirmId</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:nonemptySequenceNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AuditorLocation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AuditorLocation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:internationalNameItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AuditorName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AuditorName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:internationalNameItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentAnnualReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as an annual report.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentAnnualReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFinStmtErrorCorrectionFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicates whether any of the financial statement period in the filing include a restatement due to error correction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-K<br> -Number 229<br> -Section 402<br> -Subsection w<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFinStmtErrorCorrectionFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentTransitionReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as a transition report.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Forms 10-K, 10-Q, 20-F<br> -Number 240<br> -Section 13<br> -Subsection a-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentTransitionReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityInteractiveDataCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-T<br> -Number 232<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityInteractiveDataCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityPublicFloat">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityPublicFloat</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityShellCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityShellCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntitySmallBusiness">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicates that the company is a Smaller Reporting Company (SRC).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntitySmallBusiness</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityVoluntaryFilers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_IcfrAuditorAttestationFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_IcfrAuditorAttestationFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DocumentAndEntityInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Document And Entity Information [Abstract]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DocumentAndEntityInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>21
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997361680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Organization and Business<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock', window );">Organization and Business</a></td>
<td class="text"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:28.5pt">Organization and Business</span><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Vail Resorts, Inc. (&#8220;Vail Resorts&#8221;) is organized as a holding company and operates through various subsidiaries. Vail Resorts and its subsidiaries (collectively, the &#8220;Company&#8221;) operate in three reportable segments: Mountain, Lodging and Real Estate. The Company refers to &#8220;Resort&#8221; as the combination of the Mountain and Lodging segments. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the Mountain segment, the Company operates the following 42 destination mountain resorts and regional ski areas, (collectively, &#8220;Resorts&#8221;): </span></div><div style="margin-top:6pt;text-align:justify"><img alt="MAPUPDATE_20240510 (1).jpg" src="mtn-20240731_g2.jpg" style="height:301px;margin-bottom:5pt;vertical-align:text-bottom;width:684px"/></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">*Denotes a destination mountain resort, which generally receives a meaningful portion of skier visits from long-distance travelers, as opposed to the Company&#8217;s regional ski areas, which tend to generate skier visits predominantly from their respective local markets. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, the Mountain segment includes ancillary services, primarily including ski school, dining and retail/rental operations, and for the Company&#8217;s Australian ski areas, including lodging and transportation operations. Several of the resorts located in the United States (&#8220;U.S.&#8221;) operate primarily on federal land under the terms of Special Use Permits granted by the U.S. Department of Agriculture Forest Service. The operations of Whistler Blackcomb are conducted on land owned by the government of the Province of British Columbia, Canada within the traditional territory of the Squamish and Lil&#8217;wat Nations. The operations of the Company&#8217;s Australian ski areas are conducted pursuant to long-term leases and licenses on land owned by the governments of New South Wales and Victoria, Australia. A portion of the operations of Andermatt-Sedrun are conducted on land owned by the Swiss Confederation, for which operations are conducted under leasehold agreements and pursuant to a personal easement on land owned by the municipality of Tujetsch.</span><span style="color:#ee2724;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Portions of the Crans-Montana resort operations are conducted on land owned third parties, including local municipalities, via numerous registered easements, building rights (which may be subject to federal concessions), or other agreements. Okemo, Mount Sunapee and Stowe operate on land leased from the respective states in which the resorts are located and on land owned by the Company.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the Lodging segment, the Company owns and/or manages a collection of luxury hotels and condominiums under its RockResorts brand; other strategic lodging properties and a large number of condominiums located in proximity to the Company&#8217;s North American mountain resorts; National Park Service (&#8220;NPS&#8221;) concessioner properties including the Grand Teton Lodge Company, which operates destination resorts in Grand Teton National Park; a Colorado resort ground transportation company and mountain resort golf courses.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s Real Estate segment primarily owns, develops and sells real estate in and around the Company&#8217;s resort communities.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s mountain business and its lodging properties at or around the Company&#8217;s mountain resorts are seasonal in nature, and typically experience their peak operating seasons primarily from mid-December through mid-April in North </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">America and Europe. The peak operating season at the Company&#8217;s Australian resorts, NPS concessioner properties and golf courses generally occurs from June to early October.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480424/946-10-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480424/946-10-50-2<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 810<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//810/tableOfContent<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 205<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//205/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>22
<FILENAME>R3.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259992550160">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Balance Sheets - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 322,827<span></span>
</td>
<td class="nump">$ 562,975<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue', window );">Restricted cash</a></td>
<td class="nump">14,236<span></span>
</td>
<td class="nump">10,118<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Trade receivables, net of allowances</a></td>
<td class="nump">375,752<span></span>
</td>
<td class="nump">381,067<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Inventories, net of reserves</a></td>
<td class="nump">118,988<span></span>
</td>
<td class="nump">132,548<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
<td class="nump">79,558<span></span>
</td>
<td class="nump">121,403<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
<td class="nump">911,361<span></span>
</td>
<td class="nump">1,208,111<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property, plant and equipment, net (Note 8)</a></td>
<td class="nump">2,422,635<span></span>
</td>
<td class="nump">2,371,557<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InventoryRealEstate', window );">Real estate held for sale or investment</a></td>
<td class="nump">86,548<span></span>
</td>
<td class="nump">90,207<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill, net (Note 8)</a></td>
<td class="nump">1,677,975<span></span>
</td>
<td class="nump">1,720,344<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetExcludingGoodwill', window );">Intangible assets, net (Note 8)</a></td>
<td class="nump">302,535<span></span>
</td>
<td class="nump">309,345<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Operating right-of-use assets (Note 4)</a></td>
<td class="nump">256,627<span></span>
</td>
<td class="nump">192,289<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrent', window );">Other assets</a></td>
<td class="nump">40,756<span></span>
</td>
<td class="nump">55,901<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">5,698,437<span></span>
</td>
<td class="nump">5,947,754<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquityAbstract', window );"><strong>Liabilities and Stockholders&#8217; Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_AccountsPayableAccruedLiabilities', window );">Accounts payable and accrued liabilities (Note 8)</a></td>
<td class="nump">1,000,798<span></span>
</td>
<td class="nump">978,021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccruedIncomeTaxesCurrent', window );">Income taxes payable</a></td>
<td class="nump">55,358<span></span>
</td>
<td class="nump">83,514<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent', window );">Long-term debt due within one year (Note 6)</a></td>
<td class="nump">57,153<span></span>
</td>
<td class="nump">69,160<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
<td class="nump">1,113,309<span></span>
</td>
<td class="nump">1,130,695<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtAndCapitalLeaseObligations', window );">Long-term debt, net (Note 6)</a></td>
<td class="nump">2,721,597<span></span>
</td>
<td class="nump">2,750,675<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiabilityNoncurrent', window );">Operating lease liabilities (Note 4)</a></td>
<td class="nump">233,465<span></span>
</td>
<td class="nump">168,326<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_OtherLongTermLiabilitiesNoncurrent', window );">Other long-term liabilities</a></td>
<td class="nump">311,768<span></span>
</td>
<td class="nump">286,261<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxLiabilitiesNet', window );">Deferred income taxes, net (Note 10)</a></td>
<td class="nump">279,815<span></span>
</td>
<td class="nump">276,137<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="nump">4,659,954<span></span>
</td>
<td class="nump">4,612,094<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and contingencies (Note 11)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract', window );"><strong>Stockholders&#8217; equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, $0.01 par value, 25,000 shares authorized, no shares issued and outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, $0.01 par value, 100,000 shares authorized and 46,855 and 46,798 shares issued, respectively</a></td>
<td class="nump">469<span></span>
</td>
<td class="nump">468<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="nump">1,145,610<span></span>
</td>
<td class="nump">1,124,433<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive loss</a></td>
<td class="num">(67,288)<span></span>
</td>
<td class="num">(10,358)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">780,431<span></span>
</td>
<td class="nump">873,710<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_TreasuryStockCarryingBasis', window );">Treasury stock, at cost; 9,370 and 8,648 shares, respectively (Note 13)</a></td>
<td class="num">(1,135,685)<span></span>
</td>
<td class="num">(984,306)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total Vail Resorts, Inc. stockholders&#8217; equity</a></td>
<td class="nump">723,537<span></span>
</td>
<td class="nump">1,003,947<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Noncontrolling interests</a></td>
<td class="nump">314,946<span></span>
</td>
<td class="nump">331,713<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total stockholders&#8217; equity</a></td>
<td class="nump">1,038,483<span></span>
</td>
<td class="nump">1,335,660<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and stockholders&#8217; equity</a></td>
<td class="nump">$ 5,698,437<span></span>
</td>
<td class="nump">$ 5,947,754<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Preferred stock, par value (in dollars per share)</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred stock, shares authorized</a></td>
<td class="nump">25,000,000<span></span>
</td>
<td class="nump">25,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Preferred stock, shares outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred stock, shares issued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value (in dollars per share)</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, shares authorized</a></td>
<td class="nump">100,000,000<span></span>
</td>
<td class="nump">100,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, shares issued</a></td>
<td class="nump">46,855,000<span></span>
</td>
<td class="nump">46,798,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_TreasuryStockCommonShares', window );">Treasury Stock, Common, Shares</a></td>
<td class="nump">9,369,680<span></span>
</td>
<td class="nump">8,648,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_AccountsPayableAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of liabilities incurred (of which invoices have been received and for which invoice have not yet been received or will not be rendered). Includes deferred revenue, accrued interest expense, deposits, accrued salaries, wages and benefits and other accrued liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_AccountsPayableAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_OtherLongTermLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of noncurrent obligations which are expected to be settled after one year (or the normal operating cycle, if longer). Includes deferred revenue, unfavorable lease obligations and other long-term accrued liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_OtherLongTermLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 310<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481990/310-10-45-2<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 310<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481990/310-10-45-9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsReceivableNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedIncomeTaxesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(20))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(15)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedIncomeTaxesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(ii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(4))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(3))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapitalCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(8))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(18))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 26: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(19))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(15))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.17)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(16)(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxLiabilitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences with jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(15)(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-4<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxLiabilitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(15))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482598/350-20-45-1<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntangibleAssetsNetExcludingGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph ((a)(1),(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482686/350-30-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IntangibleAssetsNetExcludingGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(6))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Total of (1) improvements, (2) held-for-sale, (3) land and land under development, (4) construction-in-process, (5) mortgage loans held-in-inventory, and (6) other real estate investments which are considered inventory due to being held for sale or disposition.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(14))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7<br><br>Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7<br><br>Reference 21: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 22: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483467/210-10-45-5<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7<br><br>Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7<br><br>Reference 21: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.21)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtAndCapitalLeaseObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt and lease obligation, classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -SubTopic 10<br> -Topic 210<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtAndCapitalLeaseObligations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt and lease obligation, classified as current.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(24))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(19))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br><br>Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.31)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiabilityNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiabilityNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of current assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(8))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of noncurrent assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(16)(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.6-05(4))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(4)(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(16)(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(7))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(21))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 360<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 360<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480842/942-360-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated undistributed earnings (deficit).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480990/946-20-50-11<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(17))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(19))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.6-05(4))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(4)(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(6))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(7))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 310<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483421/250-10-45-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 23<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483421/250-10-45-23<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 5<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483421/250-10-45-5<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 326<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 5<br> -Subparagraph (c)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479654/326-10-65-5<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (e)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (h)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (h)(1)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (h)(1)(iii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (h)(1)(iv)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (i)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 848<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (a)(3)(iii)(03)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483550/848-10-65-2<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 105<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 105<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (f)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (f)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 8<br> -Subparagraph (d)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 8<br> -Subparagraph (d)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 326<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 4<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479654/326-10-65-4<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (e)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (f)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (f)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (e)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-5<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 17<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 20<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20<br><br>Reference 29: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 205<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 505<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481004/946-505-50-3<br><br>Reference 32: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(19))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 33: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.6-05(4))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2<br><br>Reference 34: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(4)(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 35: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(6))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(7))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br><br>Reference 38: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 39: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 40: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 41: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-15<br><br>Reference 42: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-16<br><br>Reference 43: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4I<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockCarryingBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cost basis for treasury stock acquired for purposes other than retirement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockCarryingBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockCommonShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of previously issued common shares repurchased by the issuing entity and held in treasury.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockCommonShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>23
<FILENAME>R4.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997357520">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Balance Sheets (Parenthetical) - $ / shares<br></strong></div></th>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementOfFinancialPositionAbstract', window );"><strong>Statement of Financial Position [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Preferred stock, par value (in dollars per share)</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred stock, shares authorized</a></td>
<td class="nump">25,000,000<span></span>
</td>
<td class="nump">25,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred stock, shares issued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Preferred stock, shares outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value (in dollars per share)</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, shares authorized</a></td>
<td class="nump">100,000,000<span></span>
</td>
<td class="nump">100,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, shares issued</a></td>
<td class="nump">46,855,000<span></span>
</td>
<td class="nump">46,798,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_TreasuryStockCommonShares', window );">Treasury Stock, Common, Shares</a></td>
<td class="nump">9,369,680<span></span>
</td>
<td class="nump">8,648,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(16)(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(16)(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.6-05(4))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(4)(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(16)(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(7))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementOfFinancialPositionAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementOfFinancialPositionAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockCommonShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of previously issued common shares repurchased by the issuing entity and held in treasury.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockCommonShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>24
<FILENAME>R5.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991637696">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements Of Operations - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Net revenue:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainandLodgingservicesandotherrevenue', window );">Mountain and Lodging services and other</a></td>
<td class="nump">$ 2,388,227,000<span></span>
</td>
<td class="nump">$ 2,372,175,000<span></span>
</td>
<td class="nump">$ 2,116,547,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainandLodgingretailanddiningrevenue', window );">Mountain and Lodging retail and dining</a></td>
<td class="nump">492,260,000<span></span>
</td>
<td class="nump">509,124,000<span></span>
</td>
<td class="nump">408,657,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ResortRevenueNet', window );">Resort net revenue</a></td>
<td class="nump">2,880,487,000<span></span>
</td>
<td class="nump">2,881,299,000<span></span>
</td>
<td class="nump">2,525,204,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_RealEstateRevenue', window );">Real Estate</a></td>
<td class="nump">4,704,000<span></span>
</td>
<td class="nump">8,065,000<span></span>
</td>
<td class="nump">708,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total net revenue</a></td>
<td class="nump">2,885,191,000<span></span>
</td>
<td class="nump">2,889,364,000<span></span>
</td>
<td class="nump">2,525,912,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Total segment operating expense</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainandLodgingoperatingexpenses', window );">Mountain and Lodging operating expense</a></td>
<td class="nump">1,458,369,000<span></span>
</td>
<td class="nump">1,454,324,000<span></span>
</td>
<td class="nump">1,180,963,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainandLodgingcostofproductssold', window );">Mountain and Lodging retail and dining cost of products sold</a></td>
<td class="nump">188,054,000<span></span>
</td>
<td class="nump">203,278,000<span></span>
</td>
<td class="nump">162,414,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainandLodginggeneralandadministrativeexpense', window );">General and administrative</a></td>
<td class="nump">410,027,000<span></span>
</td>
<td class="nump">389,465,000<span></span>
</td>
<td class="nump">347,493,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ResortExpensesNet', window );">Resort operating expense</a></td>
<td class="nump">2,056,450,000<span></span>
</td>
<td class="nump">2,047,067,000<span></span>
</td>
<td class="nump">1,690,870,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_RealEstateExpense', window );">Real Estate</a></td>
<td class="nump">9,514,000<span></span>
</td>
<td class="nump">10,635,000<span></span>
</td>
<td class="nump">5,911,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_OperatingCostsExpensesAndCostOfSales', window );">Total segment operating expense</a></td>
<td class="nump">2,065,964,000<span></span>
</td>
<td class="nump">2,057,702,000<span></span>
</td>
<td class="nump">1,696,781,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_OtherOperatingExpensesAndIncomeAbstract', window );"><strong>Other operating (expense) income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="num">(276,493,000)<span></span>
</td>
<td class="num">(268,501,000)<span></span>
</td>
<td class="num">(252,391,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_GainOnSaleOfRealProperty', window );">Gain on sale of real property</a></td>
<td class="nump">6,285,000<span></span>
</td>
<td class="nump">842,000<span></span>
</td>
<td class="nump">1,276,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ChangeinFairValueofContingentConsideration', window );">Change in estimated fair value of contingent consideration (Note 9)</a></td>
<td class="num">(47,957,000)<span></span>
</td>
<td class="num">(49,836,000)<span></span>
</td>
<td class="num">(20,280,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GainLossOnDispositionOfAssets', window );">(Loss) gain on disposal of fixed assets and other, net</a></td>
<td class="num">(9,633,000)<span></span>
</td>
<td class="num">(9,070,000)<span></span>
</td>
<td class="nump">43,992,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Income from operations</a></td>
<td class="nump">491,429,000<span></span>
</td>
<td class="nump">505,097,000<span></span>
</td>
<td class="nump">601,728,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense, net</a></td>
<td class="num">(161,839,000)<span></span>
</td>
<td class="num">(153,022,000)<span></span>
</td>
<td class="num">(148,183,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainEquityInvestmentIncomeLossNet', window );">Mountain equity investment income, net</a></td>
<td class="nump">1,053,000<span></span>
</td>
<td class="nump">605,000<span></span>
</td>
<td class="nump">2,580,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Investment income and other, net</a></td>
<td class="nump">18,592,000<span></span>
</td>
<td class="nump">23,744,000<span></span>
</td>
<td class="nump">3,718,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax', window );">Foreign currency loss on intercompany loans (Note 6)</a></td>
<td class="num">(4,140,000)<span></span>
</td>
<td class="num">(2,907,000)<span></span>
</td>
<td class="num">(2,682,000)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income before provision for income taxes</a></td>
<td class="nump">345,095,000<span></span>
</td>
<td class="nump">373,517,000<span></span>
</td>
<td class="nump">457,161,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision for income taxes (Note 10)</a></td>
<td class="num">(98,816,000)<span></span>
</td>
<td class="num">(88,414,000)<span></span>
</td>
<td class="num">(88,824,000)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
<td class="nump">246,279,000<span></span>
</td>
<td class="nump">285,103,000<span></span>
</td>
<td class="nump">368,337,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Net income attributable to noncontrolling interests</a></td>
<td class="num">(15,874,000)<span></span>
</td>
<td class="num">(16,955,000)<span></span>
</td>
<td class="num">(20,414,000)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income attributable to Vail Resorts, Inc.</a></td>
<td class="nump">$ 230,405,000<span></span>
</td>
<td class="nump">$ 268,148,000<span></span>
</td>
<td class="nump">$ 347,923,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Per share amounts (Note 5):</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic net income per share attributable to Vail Resorts, Inc.</a></td>
<td class="nump">$ 6.08<span></span>
</td>
<td class="nump">$ 6.76<span></span>
</td>
<td class="nump">$ 8.60<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted net income per share attributable to Vail Resorts, Inc.</a></td>
<td class="nump">6.07<span></span>
</td>
<td class="nump">6.74<span></span>
</td>
<td class="nump">8.55<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockDividendsPerShareDeclared', window );">Cash dividends declared per share</a></td>
<td class="nump">$ 8.56<span></span>
</td>
<td class="nump">$ 7.94<span></span>
</td>
<td class="nump">$ 5.58<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ChangeinFairValueofContingentConsideration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Change in Fair Value of Contingent Consideration</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ChangeinFairValueofContingentConsideration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_GainOnSaleOfRealProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gains and losses included in results of operations resulting from the sale of land.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_GainOnSaleOfRealProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MountainEquityInvestmentIncomeLossNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Company's share of income (loss) from the operations of unconsolidated subsidiaries associated with the mountain segment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MountainEquityInvestmentIncomeLossNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MountainandLodgingcostofproductssold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Mountain and Lodging retail and dining cost of products sold</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MountainandLodgingcostofproductssold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MountainandLodginggeneralandadministrativeexpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Mountain and Lodging general and administrative expense</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MountainandLodginggeneralandadministrativeexpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MountainandLodgingoperatingexpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Mountain and Lodging operating expenses</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MountainandLodgingoperatingexpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MountainandLodgingretailanddiningrevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Mountain and Lodging retail and dining revenue</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MountainandLodgingretailanddiningrevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MountainandLodgingservicesandotherrevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Mountain and Lodging services and other revenue</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MountainandLodgingservicesandotherrevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_OperatingCostsExpensesAndCostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Generally recurring costs associated with normal operations including costs of sales or services and General and Administrative Expense.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_OperatingCostsExpensesAndCostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_OtherOperatingExpensesAndIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Other operating expenses and income abstract.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_OtherOperatingExpensesAndIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_RealEstateExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Costs incurred that are directly related to generating real estate revenues, including cost of sales (including sales commissions), labor and labor-related benefits, general and administrative expenses and other expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_RealEstateExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_RealEstateRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Real Estate Revenue</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_RealEstateRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ResortExpensesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The sum of mountain and lodging segment operating expenses, net.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ResortExpensesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ResortRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The sum of mountain and lodging segment revenue.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ResortRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockDividendsPerShareDeclared">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends declared during the period for each share of common stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockDividendsPerShareDeclared</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 15<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482635/260-10-55-15<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (e)(4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-2<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-10<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(25))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(27))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(23))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 16: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 52<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-7<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 15<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482635/260-10-55-15<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (e)(4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-2<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(25))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(27))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(23))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 15: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 52<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-7<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(7))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 35<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482014/830-20-35-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481956/830-20-45-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481926/830-20-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 17<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481839/830-10-45-17<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDispositionOfAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 360<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482130/360-10-45-5<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 360<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnDispositionOfAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(11))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 25<br> -Paragraph 1<br> -SubTopic 20<br> -Topic 940<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481913/940-20-25-1<br><br>Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-10<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -SubTopic 20<br> -Topic 740<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482659/740-20-45-2<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -SubTopic 10<br> -Topic 235<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(3))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-3<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 835<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483013/835-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4<br><br>Reference 13: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(1)(d))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 29: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B<br><br>Reference 32: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 33: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 34: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 205<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7<br><br>Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of Net Income (Loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(17))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 205<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(1)(d))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 19<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19<br><br>Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 29: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br><br>Reference 32: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 205<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7<br><br>Reference 33: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 4J<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J<br><br>Reference 34: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 4K<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K<br><br>Reference 35: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-2<br><br>Reference 38: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br><br>Reference 39: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 42<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 40<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 41<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>25
<FILENAME>R6.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989500432">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statement of Comprehensive Income - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
<td class="nump">$ 246,279<span></span>
</td>
<td class="nump">$ 285,103<span></span>
</td>
<td class="nump">$ 368,337<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax', window );">Foreign currency translation adjustments</a></td>
<td class="num">(67,384)<span></span>
</td>
<td class="num">(25,439)<span></span>
</td>
<td class="num">(46,493)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1', window );">Change in estimated fair value of hedging instruments, net of tax</a></td>
<td class="num">(11,149)<span></span>
</td>
<td class="nump">3,691<span></span>
</td>
<td class="nump">18,906<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Comprehensive income</a></td>
<td class="nump">167,746<span></span>
</td>
<td class="nump">263,355<span></span>
</td>
<td class="nump">340,750<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest', window );">Comprehensive loss (income) attributable to noncontrolling interests</a></td>
<td class="nump">5,729<span></span>
</td>
<td class="num">(16,488)<span></span>
</td>
<td class="num">(9,703)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive income attributable to Vail Resorts, Inc.</a></td>
<td class="nump">$ 173,475<span></span>
</td>
<td class="nump">$ 246,867<span></span>
</td>
<td class="nump">$ 331,047<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(24))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(26))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 19<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(24))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(20))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) related to the fair value of interest rate derivatives designated as fair value hedging instruments, as offset by the gain (loss) on the hedged item to the extent that the fair value hedge is determined to be effective.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4A<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 220<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of other comprehensive income (loss) attributable to noncontrolling interests.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 19<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 20<br> -SubTopic 10<br> -Topic 810<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-20<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(3)<br> -SubTopic 10<br> -Topic 810<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 205<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(1)(d))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 19<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19<br><br>Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 29: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br><br>Reference 32: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 205<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7<br><br>Reference 33: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 4J<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J<br><br>Reference 34: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 4K<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K<br><br>Reference 35: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-2<br><br>Reference 38: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br><br>Reference 39: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>26
<FILENAME>R7.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989790512">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Statements Of Stockholders' Equity - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Total</div></th>
<th class="th"><div>Common Stock [Member]</div></th>
<th class="th"><div>Additional Paid in Capital [Member]</div></th>
<th class="th"><div>Accumulated Other Comprehensive Loss [Member]</div></th>
<th class="th"><div>Retained Earnings [Member]</div></th>
<th class="th"><div>Treasury Stock, Common</div></th>
<th class="th"><div>Total Vail Resorts, Inc. Stockholders' Equity [Member]</div></th>
<th class="th"><div>Noncontrolling Interest [Member]</div></th>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Jul. 31, 2021</a></td>
<td class="nump">$ 1,829,068<span></span>
</td>
<td class="nump">$ 466<span></span>
</td>
<td class="nump">$ 1,196,993<span></span>
</td>
<td class="nump">$ 27,799<span></span>
</td>
<td class="nump">$ 773,752<span></span>
</td>
<td class="num">$ (404,411)<span></span>
</td>
<td class="nump">$ 1,594,599<span></span>
</td>
<td class="nump">$ 234,469<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss) attributable to Vail Resorts, Inc.</a></td>
<td class="nump">347,923<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">347,923<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">347,923<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Net Income (Loss) Attributable to Noncontrolling Interest</a></td>
<td class="nump">20,414<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20,414<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income, including portion attributable to noncontrolling interest</a></td>
<td class="nump">368,337<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax', window );">Foreign currency translation adjustments</a></td>
<td class="num">(46,493)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(35,782)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(35,782)<span></span>
</td>
<td class="num">(10,711)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax', window );">Change in estimated fair value of hedging instruments, net of tax</a></td>
<td class="nump">18,906<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18,906<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18,906<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive income</a></td>
<td class="nump">331,047<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">331,047<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest', window );">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,703<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Total comprehensive income (loss)</a></td>
<td class="nump">340,750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation', window );">Stock-based compensation expense (Note 14)</a></td>
<td class="nump">24,885<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">24,885<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">24,885<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation', window );">Issuance of shares under share award plan, net of shares withheld for employee taxes (Note 14)</a></td>
<td class="num">(37,300)<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="num">(37,301)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(37,300)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodValue', window );">Repurchases of common stock (Note 13)</a></td>
<td class="num">(75,006)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(75,006)<span></span>
</td>
<td class="num">(75,006)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DividendsCommonStock', window );">Dividends (Note 5)</a></td>
<td class="num">(225,786)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(225,786)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(225,786)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders', window );">Distributions to noncontrolling interests, net</a></td>
<td class="num">(9,127)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(9,127)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Jul. 31, 2022</a></td>
<td class="nump">1,847,484<span></span>
</td>
<td class="nump">467<span></span>
</td>
<td class="nump">1,184,577<span></span>
</td>
<td class="nump">10,923<span></span>
</td>
<td class="nump">895,889<span></span>
</td>
<td class="num">(479,417)<span></span>
</td>
<td class="nump">1,612,439<span></span>
</td>
<td class="nump">235,045<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss) attributable to Vail Resorts, Inc.</a></td>
<td class="nump">268,148<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">268,148<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">268,148<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Net Income (Loss) Attributable to Noncontrolling Interest</a></td>
<td class="nump">16,955<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,955<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income, including portion attributable to noncontrolling interest</a></td>
<td class="nump">285,103<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax', window );">Foreign currency translation adjustments</a></td>
<td class="num">(25,439)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(24,972)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(24,972)<span></span>
</td>
<td class="num">(467)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax', window );">Change in estimated fair value of hedging instruments, net of tax</a></td>
<td class="nump">3,691<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,691<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,691<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive income</a></td>
<td class="nump">246,867<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">246,867<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest', window );">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,488<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Total comprehensive income (loss)</a></td>
<td class="nump">263,355<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt', window );">Equity component of 0.0% Convertible Notes, net (Note 6)</a></td>
<td class="num">(56,043)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(80,066)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">24,023<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(56,043)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation', window );">Stock-based compensation expense (Note 14)</a></td>
<td class="nump">25,409<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">25,409<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">25,409<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation', window );">Issuance of shares under share award plan, net of shares withheld for employee taxes (Note 14)</a></td>
<td class="num">(5,486)<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="num">(5,487)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,486)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodValue', window );">Repurchases of common stock (Note 13)</a></td>
<td class="num">(504,889)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(504,889)<span></span>
</td>
<td class="num">(504,889)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DividendsCommonStock', window );">Dividends (Note 5)</a></td>
<td class="num">(314,350)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(314,350)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(314,350)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination', window );">Noncontrolling Interest, Increase from Business Combination</a></td>
<td class="nump">91,524<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">91,524<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders', window );">Distributions to noncontrolling interests, net</a></td>
<td class="num">(11,344)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(11,344)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Jul. 31, 2023</a></td>
<td class="nump">1,335,660<span></span>
</td>
<td class="nump">468<span></span>
</td>
<td class="nump">1,124,433<span></span>
</td>
<td class="num">(10,358)<span></span>
</td>
<td class="nump">873,710<span></span>
</td>
<td class="num">(984,306)<span></span>
</td>
<td class="nump">1,003,947<span></span>
</td>
<td class="nump">331,713<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss) attributable to Vail Resorts, Inc.</a></td>
<td class="nump">230,405<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">230,405<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">230,405<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Net Income (Loss) Attributable to Noncontrolling Interest</a></td>
<td class="nump">15,874<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,874<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income, including portion attributable to noncontrolling interest</a></td>
<td class="nump">246,279<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax', window );">Foreign currency translation adjustments</a></td>
<td class="num">(67,384)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(45,781)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(45,781)<span></span>
</td>
<td class="num">(21,603)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax', window );">Change in estimated fair value of hedging instruments, net of tax</a></td>
<td class="num">(11,149)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(11,149)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(11,149)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive income</a></td>
<td class="nump">173,475<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">173,475<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest', window );">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,729)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Total comprehensive income (loss)</a></td>
<td class="nump">167,746<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation', window );">Stock-based compensation expense (Note 14)</a></td>
<td class="nump">26,803<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">26,803<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">26,803<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation', window );">Issuance of shares under share award plan, net of shares withheld for employee taxes (Note 14)</a></td>
<td class="num">(5,625)<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="num">(5,626)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,625)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodValue', window );">Repurchases of common stock (Note 13)</a></td>
<td class="num">(151,379)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(151,379)<span></span>
</td>
<td class="num">(151,379)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DividendsCommonStock', window );">Dividends (Note 5)</a></td>
<td class="num">(323,684)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(323,684)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(323,684)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination', window );">Noncontrolling Interest, Increase from Business Combination</a></td>
<td class="nump">14,084<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,084<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders', window );">Distributions to noncontrolling interests, net</a></td>
<td class="num">(25,122)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(25,122)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Jul. 31, 2024</a></td>
<td class="nump">$ 1,038,483<span></span>
</td>
<td class="nump">$ 469<span></span>
</td>
<td class="nump">$ 1,145,610<span></span>
</td>
<td class="num">$ (67,288)<span></span>
</td>
<td class="nump">$ 780,431<span></span>
</td>
<td class="num">$ (1,135,685)<span></span>
</td>
<td class="nump">$ 723,537<span></span>
</td>
<td class="nump">$ 314,946<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustment to additional paid in capital resulting from the recognition of convertible debt instruments as two separate components - a debt component and an equity component. This bifurcation may result in a basis difference associated with the liability component that represents a temporary difference for purposes of applying accounting for income taxes. The initial recognition of deferred taxes for the tax effect of that temporary difference is as an adjustment to additional paid in capital.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 20<br> -Section 25<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481284/470-20-25-22<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(24))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(26))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 20<br> -SubTopic 10<br> -Topic 810<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-20<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(23))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(25))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(21))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-21<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 19<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(24))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(20))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid common stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -SubTopic 405<br> -Topic 942<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481071/942-405-45-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4<br><br>Reference 13: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(1)(d))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 29: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B<br><br>Reference 32: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 33: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 34: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 205<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7<br><br>Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of Net Income (Loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(17))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in noncontrolling interest from a business combination.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(2)<br> -SubTopic 10<br> -Topic 810<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 220<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 205<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(1)(d))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 19<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19<br><br>Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 29: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br><br>Reference 32: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 205<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7<br><br>Reference 33: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 4J<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J<br><br>Reference 34: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 4K<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K<br><br>Reference 35: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-2<br><br>Reference 38: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br><br>Reference 39: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Value, after forfeiture, of shares granted under share-based payment arrangement. Excludes employee stock ownership plan (ESOP).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 30<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480513/718-10-30-3<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 30<br> -Section 35<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480843/718-30-35-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Value, after forfeiture, of shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedDuringPeriodValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -SubTopic 10<br> -Topic 505<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 205<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480767/946-205-45-4<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 505<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481004/946-505-50-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(4)(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedDuringPeriodValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483421/250-10-45-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 23<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483421/250-10-45-23<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 5<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483421/250-10-45-5<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 326<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 5<br> -Subparagraph (c)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479654/326-10-65-5<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (e)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (h)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (h)(1)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (h)(1)(iii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (h)(1)(iv)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (i)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 848<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (a)(3)(iii)(03)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483550/848-10-65-2<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 105<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 105<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (f)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (f)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 8<br> -Subparagraph (d)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 8<br> -Subparagraph (d)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 326<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 4<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479654/326-10-65-4<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (e)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (f)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (f)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (e)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-5<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 17<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 20<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20<br><br>Reference 29: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 205<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 505<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481004/946-505-50-3<br><br>Reference 32: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(19))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 33: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.6-05(4))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2<br><br>Reference 34: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(4)(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 35: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(6))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(7))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br><br>Reference 38: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 39: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 40: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 41: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-15<br><br>Reference 42: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-16<br><br>Reference 43: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4I<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>27
<FILENAME>R8.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991289152">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements Of Cash Flows - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1">209 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash flows from operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
<td class="nump">$ 246,279<span></span>
</td>
<td class="nump">$ 285,103<span></span>
</td>
<td class="nump">$ 368,337<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income to net cash provided by operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">276,493<span></span>
</td>
<td class="nump">268,501<span></span>
</td>
<td class="nump">252,391<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Stock-based compensation expense</a></td>
<td class="nump">26,803<span></span>
</td>
<td class="nump">25,409<span></span>
</td>
<td class="nump">24,885<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income taxes, net</a></td>
<td class="nump">12,095<span></span>
</td>
<td class="nump">24,065<span></span>
</td>
<td class="num">(9,390)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GainLossOnDispositionOfAssets1', window );">Loss (gain) on disposal of fixed assets and other, net</a></td>
<td class="nump">9,633<span></span>
</td>
<td class="nump">9,070<span></span>
</td>
<td class="num">(43,992)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ChangeinFairValueofContingentConsideration', window );">Change in estimated fair value of contingent consideration</a></td>
<td class="nump">47,957<span></span>
</td>
<td class="nump">49,836<span></span>
</td>
<td class="nump">20,280<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherNoncashExpense', window );">Other Noncash Expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,510<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherNoncashIncome', window );">Other non-cash (income) expense, net</a></td>
<td class="num">(7,754)<span></span>
</td>
<td class="num">(4,687)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in assets and liabilities, net of effects of acquisitions:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsReceivable', window );">Trade receivables, net</a></td>
<td class="nump">12,887<span></span>
</td>
<td class="nump">4,248<span></span>
</td>
<td class="num">(39,010)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Inventories, net</a></td>
<td class="nump">13,190<span></span>
</td>
<td class="num">(23,418)<span></span>
</td>
<td class="num">(28,048)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities', window );">Accounts payable and accrued liabilities</a></td>
<td class="nump">9,369<span></span>
</td>
<td class="num">(7,509)<span></span>
</td>
<td class="nump">41,078<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDeferredRevenue', window );">Deferred revenue</a></td>
<td class="nump">2,647<span></span>
</td>
<td class="nump">60,268<span></span>
</td>
<td class="nump">48,973<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable', window );">Increase (Decrease) in Income Taxes Payable</a></td>
<td class="num">(42,794)<span></span>
</td>
<td class="num">(32,270)<span></span>
</td>
<td class="nump">81,307<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet', window );">Other assets and liabilities, net</a></td>
<td class="num">(20,031)<span></span>
</td>
<td class="num">(19,053)<span></span>
</td>
<td class="num">(9,822)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided by operating activities</a></td>
<td class="nump">586,774<span></span>
</td>
<td class="nump">639,563<span></span>
</td>
<td class="nump">710,499<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash flows from investing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireProductiveAssets', window );">Capital expenditures</a></td>
<td class="num">(211,197)<span></span>
</td>
<td class="num">(314,912)<span></span>
</td>
<td class="num">(192,817)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired', window );">Acquisition of businesses, net of cash acquired</a></td>
<td class="num">(94,356)<span></span>
</td>
<td class="num">(38,567)<span></span>
</td>
<td class="num">(116,337)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_BusinessCombinationDepositsReturned', window );">Deposit returned (paid) for acquisition of business</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">114,506<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_BusinessCombinationDeposits', window );">Deposit returned (paid) for acquisition of business</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(114,414)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireShortTermInvestments', window );">Investments in short-term deposits</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(86,756)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments', window );">Maturity of short-term deposits</a></td>
<td class="nump">57,647<span></span>
</td>
<td class="nump">37,978<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment', window );">Cash received from disposal of fixed assets</a></td>
<td class="nump">337<span></span>
</td>
<td class="nump">5,674<span></span>
</td>
<td class="nump">66,264<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities', window );">Other investing activities, net</a></td>
<td class="nump">6,500<span></span>
</td>
<td class="nump">8,910<span></span>
</td>
<td class="nump">9,387<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
<td class="num">(241,069)<span></span>
</td>
<td class="num">(273,167)<span></span>
</td>
<td class="num">(347,917)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash flows from financing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ProceedsFrom6.50SeniorNotes', window );">Proceeds from borrowings under 6.50% Notes</a></td>
<td class="nump">600,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_RepaymentsofTermLoan', window );">Repayments of borrowings under Vail Holdings Credit Agreement</a></td>
<td class="num">(55,859)<span></span>
</td>
<td class="num">(62,500)<span></span>
</td>
<td class="num">(62,500)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_RepaymentsOfBorrowingsUnder6.25Notes', window );">Repayments of borrowings under 6.25% Notes</a></td>
<td class="num">(600,000)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_RepaymentsofWhistlerCreditAgreementrevolver', window );">Repayments of borrowings under Whistler Credit Agreement</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(11,389)<span></span>
</td>
<td class="num">(32,633)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_RepaymentOfEB5DevelopmentNotes', window );">Repayment of EB-5 Development Notes</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(51,500)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation', window );">Employee taxes paid for share award exercises</a></td>
<td class="num">(5,625)<span></span>
</td>
<td class="num">(5,486)<span></span>
</td>
<td class="num">(37,300)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Repurchases of common stock</a></td>
<td class="num">(150,000)<span></span>
</td>
<td class="num">(500,000)<span></span>
</td>
<td class="num">(75,006)<span></span>
</td>
<td class="num">$ (1,129,400)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsOfDividends', window );">Dividends paid</a></td>
<td class="num">(323,684)<span></span>
</td>
<td class="num">(314,350)<span></span>
</td>
<td class="num">(225,786)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities', window );">Other financing activities, net</a></td>
<td class="num">(39,620)<span></span>
</td>
<td class="num">(21,983)<span></span>
</td>
<td class="num">(8,411)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash used in financing activities</a></td>
<td class="num">(574,788)<span></span>
</td>
<td class="num">(915,708)<span></span>
</td>
<td class="num">(493,136)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents', window );">Effect of exchange rate changes on cash, cash equivalents and restricted cash</a></td>
<td class="num">(6,947)<span></span>
</td>
<td class="num">(3,702)<span></span>
</td>
<td class="num">(1,913)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect', window );">Net decrease in cash, cash equivalents and restricted cash</a></td>
<td class="num">(236,030)<span></span>
</td>
<td class="num">(553,014)<span></span>
</td>
<td class="num">(132,467)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract', window );"><strong>Cash, cash equivalents and restricted cash:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents', window );">Beginning of period</a></td>
<td class="nump">573,093<span></span>
</td>
<td class="nump">1,126,107<span></span>
</td>
<td class="nump">1,258,574<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents', window );">End of period</a></td>
<td class="nump">337,063<span></span>
</td>
<td class="nump">573,093<span></span>
</td>
<td class="nump">1,126,107<span></span>
</td>
<td class="nump">$ 573,093<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InterestPaidNet', window );">Cash paid for interest</a></td>
<td class="nump">146,559<span></span>
</td>
<td class="nump">140,599<span></span>
</td>
<td class="nump">114,074<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaid', window );">Taxes paid, net</a></td>
<td class="nump">129,350<span></span>
</td>
<td class="nump">94,342<span></span>
</td>
<td class="nump">19,692<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CapitalExpendituresIncurredButNotYetPaid', window );">Accrued capital expenditures</a></td>
<td class="nump">$ 24,872<span></span>
</td>
<td class="nump">$ 23,210<span></span>
</td>
<td class="nump">$ 30,556<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_BusinessCombinationDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Business Combination, Deposits</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_BusinessCombinationDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_BusinessCombinationDepositsReturned">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Business Combination, Deposits Returned</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_BusinessCombinationDepositsReturned</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ChangeinFairValueofContingentConsideration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Change in Fair Value of Contingent Consideration</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ChangeinFairValueofContingentConsideration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ProceedsFrom6.50SeniorNotes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Proceeds from 6.50% Senior Notes</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ProceedsFrom6.50SeniorNotes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_RepaymentOfEB5DevelopmentNotes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Repayment of EB-5 Development Notes</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_RepaymentOfEB5DevelopmentNotes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_RepaymentsOfBorrowingsUnder6.25Notes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Repayments of borrowings under 6.25% Notes</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_RepaymentsOfBorrowingsUnder6.25Notes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_RepaymentsofTermLoan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Repayments of Term Loan</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_RepaymentsofTermLoan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_RepaymentsofWhistlerCreditAgreementrevolver">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Repayments of Whistler Credit Agreement revolver</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_RepaymentsofWhistlerCreditAgreementrevolver</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalExpendituresIncurredButNotYetPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Future cash outflow to pay for purchases of fixed assets that have occurred.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482913/230-10-50-4<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482913/230-10-50-3<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482913/230-10-50-5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CapitalExpendituresIncurredButNotYetPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -SubTopic 230<br> -Topic 830<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481877/830-230-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1)(Note 1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 740<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies. Excludes amounts for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 230<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481877/830-230-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDispositionOfAssets1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnDispositionOfAssets1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482913/230-10-50-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-25<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDeferredRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDeferredRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in operating assets after deduction of operating liabilities classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaidNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 17<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-17<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (e)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-25<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482913/230-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPaidNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 25<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-25<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNoncashExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of expense or loss included in net income that result in no cash flow, classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherNoncashExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNoncashIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of income or gain included in net income that result in no cash inflow (outflow), classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherNoncashIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash (inflow) outflow from investing activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 13<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 12<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromOtherInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to reacquire common stock during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow to satisfy grantee's tax withholding obligation for award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireProductiveAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 805<br> -SubTopic 50<br> -Name Accounting Standards Codification<br> -Section 25<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480060/805-50-25-1<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 805<br> -SubTopic 50<br> -Name Accounting Standards Codification<br> -Section 30<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480027/805-50-30-1<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 805<br> -SubTopic 50<br> -Name Accounting Standards Codification<br> -Section 30<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480027/805-50-30-2<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireProductiveAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireShortTermInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 13<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireShortTermInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 14<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 15<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromPaymentsForOtherFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 205<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(1)(d))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 19<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19<br><br>Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 29: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br><br>Reference 32: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 205<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7<br><br>Reference 33: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 4J<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J<br><br>Reference 34: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 4K<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K<br><br>Reference 35: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-2<br><br>Reference 38: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br><br>Reference 39: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of noncash expense for share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>28
<FILENAME>R9.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259988966688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SignificantAccountingPoliciesTextBlock', window );">Summary of Significant Accounting Policies</a></td>
<td class="text"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:28.5pt">Summary of Significant Accounting Policies</span><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Principles of Consolidation &#8212; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying Consolidated Financial Statements include the accounts of the Company and its consolidated subsidiaries for which the Company has a controlling financial interest. Investments in which the Company does not have a controlling financial interest, but has significant influence, are accounted for under the equity method. All significant intercompany transactions have been eliminated in consolidation.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Cash and Cash Equivalents &#8212; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company considers all highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounts Receivable &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company records trade accounts receivable in the normal course of business related to the sale of products or services. The allowance for doubtful accounts is based on a specific reserve analysis and on a percentage of accounts receivable and takes into consideration such factors as historical write-offs, the economic climate and other factors that could affect collectability. Write-offs are evaluated on a case by case basis.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Inventories &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company&#8217;s inventories consist primarily of purchased retail goods, food and beverage items and spare parts. Inventories are stated at the lower of cost or net realizable value, determined using primarily an average weighted cost method. The Company records a reserve for estimated shrinkage and obsolete or unusable inventory.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Property, Plant and Equipment &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Property, plant and equipment is carried at cost net of accumulated depreciation. Costs of repairs and maintenance are expensed as incurred. Expenditures that improve the functionality of the related asset or extend the useful life are capitalized. When property, plant and equipment is retired or otherwise disposed of, the related gain or loss is included in income from operations. Leasehold improvements are amortized on the straight-line method over the shorter of the remaining lease term or estimated useful life of the asset. Depreciation is calculated on the straight-line method, including property, plant and equipment under finance leases, generally based on the following useful lives:</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:76.465%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.335%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated&#160;Life<br/>in Years</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land improvements</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10-35</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Buildings and building improvements</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7-30</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Machinery and equipment</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2-30</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Furniture and fixtures</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3-10</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Software</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vehicles</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3-10</span></div></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Real Estate Held for Sale or Investment &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company capitalizes as real estate held for sale or investment the original land acquisition cost, direct construction and development costs, property taxes, interest paid and other related costs related to real estate under development. Sales and marketing expenses are charged against income in the period incurred. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Deferred Financing Costs &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Certain costs incurred with the issuance of debt and debt securities are capitalized and included as a reduction in the net carrying value of long-term debt, net of accumulated amortization, with the exception of costs incurred related to line-of-credit arrangements, which are included in deferred charges and other assets, net of accumulated amortization. Amortization of such deferred financing costs are recorded to interest expense, net on the Company&#8217;s Consolidated Statements of Operations over the respective term of the applicable debt instruments. When debt is extinguished prior to its maturity date, the amortization of the remaining unamortized deferred financing costs, or pro-rata portion thereof, is charged to loss on extinguishment of debt.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Goodwill and Intangible Assets &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company has classified as goodwill the cost in excess of estimated fair value of the net assets of businesses acquired in purchase transactions. The Company&#8217;s major intangible asset classes are trademarks, water rights, customer lists, property management contracts and Forest Service permits. Goodwill and various indefinite-lived intangible assets, including certain trademarks, water rights and certain property management contracts, are not amortized but are subject to at least annual impairment testing. The Company tests these non-amortizing assets annually (or more often, if necessary) for impairment as of May&#160;1. Definite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the testing of goodwill and other indefinite-lived intangible assets for impairment, the Company may perform a qualitative analysis to determine whether it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset exceeds the carrying amount, which includes an evaluation as to whether there have been significant changes to macro-economic factors related to the reporting unit or intangible asset that could materially impact fair value. If it is determined, based on qualitative factors, that the fair value of the reporting unit or indefinite-lived intangible asset is more likely than not less than carrying amount, or if significant changes to macro-economic factors related to the reporting unit or intangible asset have occurred that could materially impact estimated fair values since the previous quantitative analysis was performed, a quantitative impairment test would be required, in which the Company would determine the estimated fair value of its reporting units using discounted cash flow analyses and determine the estimated fair value of its indefinite-lived intangible assets using an income approach. The quantitative test for impairment consists of a comparison of the estimated fair value of the assets with their respective net carrying values. If the net carrying amount of the assets exceed their respective estimated fair values, an impairment loss would be recognized for indefinite-lived intangibles, including goodwill, in an amount equal to that excess. If the net carrying amount of the assets does not exceed their respective estimated fair values, no impairment loss is recognized. The Company determined that there were no impairments of goodwill or definite and indefinite-lived assets for the years ended July&#160;31, 2024, 2023 and 2022.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Long-Lived Assets &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company evaluates potential impairment of long-lived assets and long-lived assets to be disposed of whenever events or changes in circumstances indicate that the net carrying amount of an asset group may not be fully recoverable. If the sum of the expected cash flows, on an undiscounted basis, is less than the net carrying amount of the asset group, an impairment loss is recognized in the amount by which the net carrying amount of the asset group exceeds its estimated fair value. The Company determined that there were no impairments of long-lived assets for the years ended July&#160;31, 2024, 2023 and 2022.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue Recognition &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company&#8217;s significant accounting policies with regard to revenue recognition are discussed in Note 3, Revenues.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Real Estate Cost of Sales &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Costs of real estate transactions include direct project costs, common cost allocations (primarily determined on relative sales value) and sales commission expense. The Company utilizes the relative sales value method to determine cost of sales for condominium units sold within a project when specific identification of costs cannot be reasonably determined. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Foreign Currency Translation &#8212; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The functional currency of the Company&#8217;s entities operating outside of the United States is the principal currency of the economic environment in which the entity primarily generates and expends cash, which is generally the local currency. The assets and liabilities of these foreign operations are translated at the exchange rate in effect as of the balance sheet dates. Income and expense items are translated using the average exchange rate for the period. Translation adjustments from currency exchange, including intercompany transactions of a long-term nature, are recorded in accumulated other comprehensive (loss) income as a separate component of stockholders&#8217; equity. Intercompany transactions that are not of a long-term nature are reported as gains and losses within &#8220;segment operating expense&#8221; and for intercompany loans within &#8220;foreign currency loss on intercompany loans&#8221; on the Company&#8217;s Consolidated Statements of Operations.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reserve Estimates &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company uses estimates to record reserves for certain liabilities, including medical claims, workers&#8217; compensation claims, third-party loss contingencies and property taxes, among other items. The Company estimates the probable costs related to these liabilities that will be incurred and records that amount as a liability in its Consolidated Financial Statements. Additionally, the Company records, as applicable, receivables related to insurance recoveries for loss contingencies if deemed probable of recovery. These estimates are reviewed and adjusted as the facts and circumstances change. The Company records legal costs related to defending claims as they are incurred.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Advertising Costs &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Advertising costs are expensed at the time such advertising commences. Advertising expense for the years ended July&#160;31, 2024, 2023 and 2022 was $49.8 million, $47.2 million and $47.7 million, respectively, and was recorded within Mountain and Lodging operating expense on the Company&#8217;s Consolidated Statement of Operations. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Taxes &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Income tax expense includes U.S. (federal and state) and foreign income taxes. The Company&#8217;s provision for income taxes is based on pre-tax income, changes in deferred tax assets and liabilities and changes in estimates with regard to uncertain tax positions. Deferred tax assets and liabilities are recorded for the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported in the accompanying Consolidated Balance Sheets and for operating loss and tax credit carrybacks or carryforwards. The change in deferred tax assets and liabilities for the period measures the deferred tax provision or benefit for the period. Effects of changes in enacted tax laws on deferred tax assets and liabilities are reflected as adjustments to the tax provision or benefit in the period of enactment. The Company&#8217;s deferred tax assets have been reduced by a valuation allowance to the extent it is deemed to be more likely than not that some or </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">all of the deferred tax assets will not be realized. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is &#8220;more-likely-than-not&#8221; to be sustained, on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the largest tax benefit that is cumulatively greater than 50% likely of being realized upon ultimate settlement. Interest and penalties accrued in connection with uncertain tax positions are recognized as a component of income tax expense. See Note 10, Income Taxes, for more information.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Fair Value of Financial Instruments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8212; The estimated fair values of the 6.50% Notes and the 0.0% Convertible Notes (each as defined in Note 6, Long-Term Debt) are based on quoted market prices (a Level 2 input). The estimated fair value of the EPR Secured Notes and the NRP Loan (both as defined in Note 6, Long-Term Debt) have been estimated using analyses based on current borrowing rates for comparable debt instruments with similar maturity dates (a Level 2 input). The carrying values, including any unamortized premium or discount, and estimated fair values of the 6.50% Notes, 0.0% Convertible Notes, EPR Secured Notes and NRP Loan as of July&#160;31, 2024 are presented below (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:59.724%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.487%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.489%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.50% Notes</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">600,000&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">614,982&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.0% Convertible Notes</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">575,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">530,311&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">EPR Secured Notes</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">130,899&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">182,926&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NRP Loan</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,305&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,809&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The carrying values for all other material financial instruments not included in the above table approximate their respective fair value due to their short-term nature or the variable nature of their associated interest rates.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Stock-Based Compensation &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Stock-based compensation expense is measured at the grant date based upon the estimated fair value of the award and is recognized as expense over the applicable vesting period of the award generally using the straight-line method (see Note 14, Stock Compensation Plan, for more information). Forfeitures are recorded as they occur. The following table shows total net stock-based compensation expense for the years ended July&#160;31, 2024, 2023 and 2022 included on the accompanying Consolidated Statements of Operations (in thousands):</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain stock-based compensation expense</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,234&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,242&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,892&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging stock-based compensation expense</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,349&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,972&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,737&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate stock-based compensation expense</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">220&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">195&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">256&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-tax stock-based compensation expense</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,803&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,409&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,885&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: benefit from income taxes</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,157&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,951&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,189&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net stock-based compensation expense</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,646&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,458&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,696&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company&#8217;s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and restricted cash. The Company places its cash and cash investments in accounts with high-quality credit institutions. The Company does not enter into financial instruments for trading or speculative purposes. Concentration of credit risk with respect to accounts and notes receivables is limited due to the wide variety of customers and markets in which the Company conducts business, as well as their dispersion across many geographical areas. The Company performs ongoing credit evaluations of its customers and generally does not require collateral, but does require advance deposits on certain transactions.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounting for Hedging Instruments &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> From time to time, the Company enters into interest rate swaps to hedge the variability in cash flows associated with variable-rate borrowings by converting the floating interest rate to a fixed interest rate (the &#8220;Interest Rate Swaps&#8221;). As of July&#160;31, 2024, the Company hedged the future cash flows associated with $400.0 million of the principal amount outstanding of its Vail Holdings Credit Agreement (as defined in Note 6, Long-Term Debt), which were designated as cash flow hedges. These interest rate swaps expired on September 23, 2024.The accounting for changes in fair value of hedging instruments depends on the effectiveness of the hedge. In order to qualify for hedge accounting, the underlying hedged item must expose the Company to risks associated with market fluctuations and the financial instrument used must reduce the Company&#8217;s exposure to market fluctuation throughout the hedge period. Changes in estimated fair value of the Interest Rate Swaps are recorded within change in estimated fair value of hedging instruments, net of tax, on the </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company&#8217;s Consolidated Statements of Comprehensive Income, and such change was recorded as a (loss) gain of $(11.1)&#160;million, $3.7&#160;million and $18.9&#160;million during the years ended July&#160;31, 2024, 2023 and 2022, respectively. Amounts are reclassified into interest expense, net from other comprehensive income during the period in which the hedged item affects earnings. During the years ended July&#160;31, 2024, 2023 and 2022, gains (losses) of $16.1&#160;million, $11.0&#160;million and $(4.3)&#160;million, respectively, were reclassified into interest expense, net from other comprehensive income. See Note 9, Fair Value Measurements, for more information.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Leases &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there is one or more assets identified and the right to control the use of any identified asset is conveyed to the Company for a period of time in exchange for consideration. Control over the use of an identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. Generally, the Company classifies a lease as a finance lease if the terms of the agreement effectively transfer control of the underlying asset; otherwise, it is classified as an operating lease.&#160;For contracts that contain lease and non-lease components, the Company accounts for these components separately. For leases with terms greater than twelve months, the associated lease right-of-use (&#8220;ROU&#8221;) assets and lease liabilities are recognized at the estimated present value of future lease payments over the lease term at commencement date. The Company&#8217;s leases do not provide a readily determinable implicit rate; therefore, the Company uses an estimated incremental borrowing rate to discount the future minimum lease payments. For leases containing fixed rental escalation clauses, the escalators are factored into the determination of future minimum lease payments. The Company includes options to extend a lease when it is reasonably certain that such options will be exercised. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. See&#160;Note 4, Leases, for more information.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recently Issued Accounting Standards</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Standards Being Evaluated</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In November 2023, the Financial Accounting Standards Board (the &#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2023-07, &#8220;Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,&#8221; which is intended to improve reportable segment disclosures, primarily through incorporating enhanced segment disclosure requirements set forth by the Securities and Exchange Commission into U.S. GAAP. The enhanced disclosures will primarily require public entities to include specific disclosures regarding &#8220;significant expenses&#8221; that are regularly provided to or easily computed from information provided to the chief operating decision maker (&#8220;CODM&#8221;) and included within segment profit and loss. This ASU also requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 (the Company&#8217;s fiscal year ending July 31, 2025), and interim periods within fiscal years beginning after December 15, 2024 (the Company&#8217;s fiscal quarter ending October 31, 2025), with early adoption permitted. The Company will adopt the standard during the fourth quarter of its fiscal year ending July 31, 2025 and is in the process of evaluating the effect that the adoption of this standard will have on its Consolidated Financial Statements.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2023, the FASB issued ASU 2023-09, &#8220;Income Taxes (Topic 740): Improvements to Income Tax Disclosures,&#8221; which includes amendments that further enhance the transparency and decision usefulness of income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. This update is effective for annual periods beginning after December 15, 2024 (the Company&#8217;s fiscal year ending July 31, 2026), though early adoption is permitted. The Company is in the process of evaluating the effect that the adoption of this standard will have on its Consolidated Financial Statements, including determining the timing of adoption.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SignificantAccountingPoliciesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all significant accounting policies of the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483426/235-10-50-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 235<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//235/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SignificantAccountingPoliciesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>29
<FILENAME>R10.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45260093269456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenues (Notes)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenues [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RevenueFromContractWithCustomerTextBlock', window );">Revenue from Contract with Customer [Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.&#160;&#160;&#160;&#160;Revenues</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue Recognition</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following provides information about the Company&#8217;s composition of revenue recognized from contracts with customers and other revenues, the performance obligations under those contracts, and the significant judgments made in accounting for those contracts:</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Mountain revenue is derived from a wide variety of sources, including, among other things: lift revenue, which includes sales of lift tickets and pass products; ski school revenue, which includes the revenue derived from ski school operations; dining revenue, which includes both casual and fine dining on-mountain operations; retail sales and equipment rentals; and other on-mountain revenue, which includes private ski club revenue (which includes both club dues and amortization of initiation fees), marketing revenue, municipal services and lodging and transportation operations at the Company&#8217;s Australian ski areas. The Company also includes other sources of revenue, primarily related to commercial leasing and employee housing leasing arrangements, within other mountain revenue. Revenue is recognized over time as performance obligations are satisfied as control of the good or service (e.g. access to ski areas, provision of ski school services, etc.) is transferred to the customer, except for the Company&#8217;s retail sales and dining operations revenues which are recognized at a point in time when performance obligations are satisfied by transferring control of the underlying goods to the customer. The Company records deferred revenue primarily related to the sale of pass products. Deferred revenue is generally recognized throughout the ski season as the Company&#8217;s performance obligations are satisfied as control of the service (e.g. access to ski areas throughout the ski season) is transferred to the customer. 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, which is based on the number of skiable days in the ski season relative to the estimated total skiable days in the ski season, and 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 relative to the remaining services promised under the contract. </span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Epic Coverage is included with the purchase of all pass products for no additional charge, and offers refunds if certain personal or resort closure events occur before or during the ski season. The estimated amount of refunds reduce the amount of pass product revenue recognized by the Company, and is remeasured at each reporting date.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Epic Mountain Rewards provides pass product holders a discount on ancillary purchases at the Company&#8217;s North American owned and operated Resorts. Epic Mountain Rewards constitutes an option to purchase additional products and services at a discount, and as a result, the Company allocates a portion of the pass product transaction price to these other lines of business which is recorded as revenue as discounts occur.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Lodging revenue is derived from a wide variety of sources, including, among other things: revenue from owned hotel rooms and managed hotel rooms; revenue from hotel dining operations; transportation revenue which relates to the Company&#8217;s Colorado resort ground transportation operations; and other lodging revenue which includes property management services, managed properties other costs reimbursements, private golf club revenue (which includes both club dues and amortization of initiation fees) and golf course fees. Lodging revenue also includes managed hotel property payroll cost reimbursements related to payroll costs at managed properties where the Company is the employer, which are reimbursed by the owner with no added margin. Therefore, these revenues and corresponding expenses have no net effect on the Company&#8217;s operating income or net income. Other than revenue from dining operations, lodging revenue is mostly recognized over time as performance obligations are satisfied as control of the service (e.g. nightly hotel room access) is transferred to the customer.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Real estate revenue primarily relates to the sale of development land parcels. Real estate revenue is generally recognized at a point in time when performance obligations have been satisfied, which is usually upon closing of the sales transaction and in an amount that reflects the consideration to which the Company expects to be entitled.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For certain contracts that have an original term length of one year or less, the Company uses the practical expedient applicable to such contracts and does not consider the time value of money. For contracts with an expected term in excess of one year, the Company has considered whether such contracts may contain a financing component. Taxes collected from customers and remitted to governmental authorities are generally excluded from revenue on the accompanying Consolidated Statements of Operations.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Disaggregation of Revenues</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents net revenues disaggregated by segment and major revenue type for the years ended July&#160;31, 2024, 2023 and 2022 (in thousands):</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"></td><td style="width:57.490%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.969%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.969%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.970%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain net revenue:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lift</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,442,784&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,420,900&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,310,213&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ski School</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">304,548&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">287,275&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223,645&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dining</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227,572&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">224,642&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">163,705&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail/Rental</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">317,196&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">361,484&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">311,768&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252,270&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">203,783&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Mountain net revenue</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,544,370&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,540,906&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,213,114&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging net revenue:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Owned hotel rooms</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83,977&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80,117&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80,579&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Managed condominium rooms</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86,199&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96,785&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,704&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dining </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63,255&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62,445&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,569&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transportation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,309&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,242&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,021&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Golf</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,722&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,737&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,975&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55,816&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,500&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">319,830&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">323,142&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">300,348&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payroll cost reimbursements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,287&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,251&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,742&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Lodging net revenue </span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">336,117&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">340,393&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">312,090&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Resort net revenue</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,880,487&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,881,299&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,525,204&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Real Estate net revenue</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,704&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,065&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">708&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net revenue</span></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,885,191&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,889,364&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,525,912&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Arrangements with Multiple Performance Obligations</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Several of the Company&#8217;s contracts with customers include multiple performance obligations, primarily related to bundled services such as ski school packages, lodging packages and events (e.g. weddings and conferences). For such contracts, revenue is allocated to each distinct and separate performance obligation based on its relative standalone selling price. The standalone selling prices are generally based on observable prices charged to customers or estimated based on historical experience and information.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Contract Balances</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Contract liabilities are recorded primarily as deferred revenues when payments are received or due in advance of the Company&#8217;s performance, including amounts which may be refundable. The deferred revenue balance is primarily related to accounts receivable or cash payments recorded in advance of satisfying the Company&#8217;s performance obligations related to sales of pass products prior to the start of the ski season, private club initiation fees and other related advance purchase products, including advance purchase lift tickets, multiple-day lift tickets, ski school lessons, equipment rentals and lodging advance deposits. Due to the seasonality of the Company&#8217;s operations, its largest deferred revenue balances occur during the North American pass product selling window, which generally begins in the third quarter of its fiscal year. Deferred revenue balances of a short-term nature were $575.8 million and $572.6 million as of July&#160;31, 2024 and 2023, respectively. For the year ended July&#160;31, 2024, the Company recognized approximately $547.0&#160;million of net revenue that was included in the deferred revenue balance as of July&#160;31, 2023. Deferred revenue balances of a long-term nature, comprised primarily of long-term private club initiation fee revenue, were $104.9&#160;million and $109.7 million as of July&#160;31, 2024 and 2023, respectively. As of July&#160;31, 2024, the weighted average remaining period over which revenue for unsatisfied performance obligations on long-term private club contracts will be recognized was approximately 15 years. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Contract assets are recorded as trade receivables when the right to consideration is unconditional. Payments from customers are based on billing terms established in the contracts with customers, which vary by the type of customer, the location and the products or services offered. The term between invoicing and when payment is due is not significant. For certain products or </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">services and customer types, contracts require payment before the products are delivered or services are provided to the customer. Impairment losses related to contract assets are recognized through the Company&#8217;s allowance for doubtful accounts analysis. Contract asset write-offs are evaluated on an individual basis.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Costs to Obtain Contracts with Customers</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company expects that credit card fees and sales commissions paid in order to obtain season ski pass products contracts are recoverable. Accordingly, the Company records these amounts as assets when they are paid prior to the start of the ski season. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, $5.2 million of costs to obtain contracts with customers were recorded within other current assets on the Company&#8217;s Consolidated Balance Sheet. Deferred credit card fees and sales commissions are amortized commensurate with the recognition of pass product revenue. The Company recorded amortization of $28.6 million, $25.2 million and $22.1 million for these costs during the years ended July&#160;31, 2024, 2023 and 2022, respectively, which were recorded within Mountain and Lodging operating expense on the accompanying Consolidated Statement of Operations.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has elected to expense credit card fees and sales commissions related to non-pass products and services as incurred, as the amortization period is generally one year or less for the time between customer purchase and utilization. These fees are recorded within Mountain and Lodging operating expense on the Company&#8217;s Consolidated Statements of Operations.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenueFromContractWithCustomerTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Subparagraph (e)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Topic 606<br> -Publisher FASB<br> -URI https://asc.fasb.org//606/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenueFromContractWithCustomerTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>30
<FILENAME>R11.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989044864">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Notes)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashFlowSupplementalDisclosuresTextBlock', window );">Cash Flow, Supplemental Disclosures [Text Block]</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the supplemental cash flow information associated with the Company&#8217;s leasing activities for the years ended </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 and 2022 (in thousands):</span></div><div style="margin-top:8pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cash flow supplemental information:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash outflows for operating and short-term leases </span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,724&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65,216&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59,818&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash outflows for lease- and non-lease components of finance leases</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,469&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,788&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,573&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-cash supplemental information:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating ROU assets obtained in exchange for operating lease obligations </span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,501&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,342&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance ROU assets obtained in exchange for finance lease obligations</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,093&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,114&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeasesTextBlock', window );">Lessee, Operating Leases</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.&#160;&#160;&#160;&#160;Leases</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s operating leases consist primarily of resort land and land improvements, commercial and retail space, office space, employee residential units, vehicles and other equipment. The Company determines if an arrangement is or contains a lease at contract inception or modification. The Company&#8217;s lease contracts generally range from&#160;1 year&#160;to&#160;approximately 70&#160;years, with some lease contracts containing one or more lease extension options, exercisable at the Company&#8217;s discretion. The Company generally does not include these lease extension options in the initial lease term as it is not reasonably certain that it will exercise such options at contract inception. In addition, certain lease arrangements contain fixed and variable lease payments. The variable lease payments are primarily contingent rental payments based on: (i) a percentage of revenue related to the leased property; (ii) payments based on a percentage of sales over contractual levels; or (iii) lease payments adjusted for changes in an index or market value. These variable lease payments are typically recognized when the underlying event occurs and are included in operating expenses on the Company&#8217;s Consolidated Statements of Operations in the same line item as the expense arising from the respective fixed lease payments. The Company&#8217;s lease agreements may also include non-lease components, such as common area maintenance and insurance, which are accounted for separately. Future lease payments that are contingent or represent non-lease components are not included in the measurement of the operating lease liability. The Company&#8217;s lease agreements do not contain any material residual value guarantees or restrictive covenants. Lease expense related to lease payments is recognized on a straight-line basis over the term of the lease.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s leases do not provide a readily determinable implicit rate. As a result, the Company measures the lease liability using an estimated incremental borrowing rate which is intended to reflect the rate of interest the Company would pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. The Company applies the estimated incremental borrowing rates at a portfolio level based on the economic environment associated with the lease.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company uses the long-lived assets impairment guidance to determine recognition and measurement of an ROU asset impairment, if any. The Company monitors for events or changes in circumstances that require a reassessment.</span></div><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The components of lease expense for the years ended July&#160;31, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 and 2022</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> were as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.806%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.448%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Finance leases:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of the finance ROU assets</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,811&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,701&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,011&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest on lease liabilities </span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,258&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,098&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,881&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating leases:</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease expense</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,613&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,385&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,295&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Short-term lease expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,434&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,759&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,614&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Variable lease expense </span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,694&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,204&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,309&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Short-term lease expense is attributable to leases with terms of 12 months or less and no ROU assets or lease liabilities are included within the Company&#8217;s Consolidated Balance Sheets.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the supplemental cash flow information associated with the Company&#8217;s leasing activities for the years ended </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 and 2022 (in thousands):</span></div><div style="margin-top:8pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cash flow supplemental information:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash outflows for operating and short-term leases </span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,724&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65,216&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59,818&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash outflows for lease- and non-lease components of finance leases</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,469&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,788&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,573&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-cash supplemental information:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating ROU assets obtained in exchange for operating lease obligations </span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,501&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,342&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance ROU assets obtained in exchange for finance lease obligations</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,093&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,114&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weighted-average remaining lease terms and discount rates as of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024 and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 are as follows:</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.081%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted-average remaining lease term (in years)</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating leases</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.0</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.2</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance leases </span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36.0</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37.6</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted-average discount rate </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating leases</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance leases </span></td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.9&#160;</span></td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.9&#160;</span></td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future fixed lease payments for operating and finance leases as of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> reflected by fiscal year (August 1 through July 31) are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.081%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Operating Leases </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Finance Leases </span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50,284&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,253&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,337&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,447&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,961&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,647&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,095&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,644&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,038&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,900&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">166,347&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,696,212&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total future minimum lease payments </span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">371,062&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,885,103&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less amount representing interest </span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(104,986)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,467,013)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total lease liabilities </span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">266,076&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">418,090&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The current portion of operating lease liabilities of approximately $32.6&#160;million and $36.9&#160;million as of July&#160;31, 2024 and 2023, respectively, is recorded within accounts payables and accrued liabilities in the accompanying Consolidated Balance Sheets. Finance lease liabilities are recorded within long-term debt, net in the accompanying Consolidated Balance Sheets.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Canyons finance lease obligation was $369.1&#160;million and $363.4 million as of July&#160;31, 2024 and 2023, respectively, which represents the estimated annual fixed lease payments for the remaining period of the initial 50 year term of the lease assuming annual increases at the floor of 2% and discounted using an interest rate of 10%. As of July&#160;31, 2024 and 2023, respectively, the Company has recorded $81.9 million and $90.2&#160;million of net finance lease ROU assets in connection with the Canyons lease, net of $101.7 million and $93.4 million of accumulated amortization, which is included within property, plant and equipment, net in the Company&#8217;s Consolidated Balance Sheets.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Whistler Blackcomb employee housing finance lease obligation was $27.9&#160;million and $29.5 million as of July&#160;31, 2024 and 2023, respectively, which represents the minimum lease payments for the remaining period of the initial 20 year term of the lease, net of amounts representing interest, discounted using an interest rate of 6.95%. As of July&#160;31, 2024 and 2023, respectively, the Company has recorded $25.7&#160;million and $27.5 million of net finance lease ROU assets in connection with these leases, net of $2.5&#160;million and $1.1 million of accumulated amortization, which is included within property, plant and equipment, net in the Company&#8217;s Consolidated Balance Sheet.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended July 31, 2024, the Company reassessed its lease agreements for the operations of Northstar Resort (&#8220;Northstar&#8221;), for which the initial lease terms expire in January 2027 and the agreements provide for three 10-year optional lease extensions. Prior to the year ended July 31, 2024, the Company had not determined that it was reasonably certain to exercise any of the optional lease extensions for Northstar and, accordingly, only the initial lease terms were considered in the measurement of the ROU assets and lease liabilities. During the year ended July 31, 2024, due to near-term operating decisions which would be influenced by the decision to extend the lease, the Company reassessed the lease extensions and determined that it was reasonably certain that it will exercise the first of its 10-year optional lease extensions at Northstar, and as a result, the Company recorded incremental operating ROU assets and operating lease liabilities of $75.7&#160;million each. Additionally, the Company recorded finance lease ROU assets of $13.1&#160;million and finance lease obligations of $12.8&#160;million as of July&#160;31, 2024, which represent the minimum lease payments for the remaining 13 year reassessed term of the lease, net of amounts representing interest, related to assets for which the Company determined that the remaining reassessed lease term represented a major part of the remaining economic life of such assets. As of the remeasurement date for the Northstar leases, the ROU assets and liabilities were discounted using an interest rate of 6.6%.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowSupplementalDisclosuresTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//230/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowSupplementalDisclosuresTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeasesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//842-20/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeasesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>31
<FILENAME>R12.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997366128">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Net Income Per Common Share<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EarningsPerShareReconciliationAbstract', window );"><strong>Earnings Per Share Reconciliation [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EarningsPerShareTextBlock', window );">Net Income Per Common Share</a></td>
<td class="text">Net Income per Common Share<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Earnings per Share</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Basic earnings per share (&#8220;EPS&#8221;) excludes dilution and is computed by dividing net income attributable to Vail Resorts stockholders by the weighted-average shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, resulting in the issuance of shares of common stock that would then share in the earnings of Vail Resorts.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the Company&#8217;s acquisition of Whistler Blackcomb in October 2016, the Company issued consideration in the form of shares of Vail Resorts common stock (the &#8220;Vail Shares&#8221;), redeemable preferred shares of the Company&#8217;s wholly-</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">owned Canadian subsidiary Whistler Blackcomb Holdings Inc. (&#8220;Exchangeco Shares&#8221;) or cash (or a combination thereof). Effective September 26, 2022, all Exchangeco Shares had been exchanged for Vail Shares. Both Vail Shares and Exchangeco Shares have a par value of $0.01&#160;per share, and Exchangeco Shares, while they were outstanding, were substantially the economic equivalent of the Vail Shares. The Company&#8217;s calculation of weighted-average shares outstanding as of July&#160;31, 2023 included the Exchangeco Shares for the period they were outstanding during the fiscal year, but there were no Exchangeco Shares that remained outstanding as of July&#160;31, 2023.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Presented below is basic and diluted EPS for the years ended July&#160;31, 2024, 2023 and 2022 (in thousands, except per share amounts):</span></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:42.346%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.329%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="18" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Basic</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Diluted</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Basic</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Diluted</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Basic</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Diluted</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net income per share:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to Vail Resorts</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230,405&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230,405&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">347,923&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">347,923&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted-average Vail Shares outstanding</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,868&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,868&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,654&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,654&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,433&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,433&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted-average Exchangeco shares outstanding</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Weighted-average shares outstanding</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,868&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,868&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,654&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,654&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,465&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,465&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effect of dilutive securities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">89&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">222&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total shares</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,868&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,957&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,654&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,760&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,465&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,687&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income per share attributable to Vail Resorts, Inc.</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.08&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.07&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.76&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.74&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.60&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.55&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 that were excluded from the calculation of diluted EPS because the effect of their inclusion would have been anti-dilutive totaled approximately 12,000, 22,000 and 6,000 for the years ended July&#160;31, 2024, 2023 and 2022, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2020, the Company completed an offering of $575.0&#160;million in aggregate principal amount of 0.0% Convertible Notes (as defined in Note 6, Long-Term Debt). The Company is required to settle the principal amount of the 0.0% Convertible Notes in cash and has the option to settle the conversion spread in cash or shares. The Company uses the if-converted method to calculate the impact of convertible instruments on diluted EPS when the instruments may be settled in cash or shares. If the conversion value of the 0.0% Convertible Notes exceeds their conversion price, then the Company will calculate its diluted EPS as if all the notes were converted into common stock at the beginning of the period. However, if reflecting the 0.0% Convertible Notes in diluted EPS in this manner is anti-dilutive, or if the conversion value of the notes does not exceed their conversion price for a reporting period, then the shares underlying the notes will not be reflected in the Company&#8217;s calculation of diluted EPS. For the years ended July&#160;31, 2024, 2023 and 2022, the price of Vail Shares did not exceed the conversion price and therefore there was no impact to diluted EPS during those periods.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Dividends</span></div>During the years ended July&#160;31, 2024, 2023, and 2022 the Company paid cash dividends of $8.56 per share, $7.94 per share, and $5.58 per share, respectively ($323.7&#160;million, $314.4&#160;million, and $225.8 million respectively, including cash dividends paid to Exchangeco shareholders). On September 25, 2024, the Company&#8217;s Board of Directors approved a cash dividend of $2.22 per share payable on October 24, 2024 to stockholders of record as of October 8, 2024.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareReconciliationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareReconciliationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//260/tableOfContent<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>32
<FILENAME>R13.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989002176">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtDisclosureTextBlock', window );">Long-Term Debt</a></td>
<td class="text">Long-Term Debt<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Long-term debt as of July&#160;31, 2024 and 2023 is summarized as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,<br/>2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,<br/>2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vail Holdings Credit Agreement revolver</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (a)</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vail Holdings Credit Agreement term loan</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (a)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">959,766&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,015,625&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.50% Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (b)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2032</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">600,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.25% Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (b)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">600,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.0% Convertible Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (c)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">575,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">575,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Whistler Credit Agreement revolver</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (d)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">EPR Secured Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (e)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2034-2036</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,162&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,162&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Employee housing bonds</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (f)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027-2039</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,575&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,575&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Canyons obligation</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (g)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2063</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">369,143&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">363,386&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NRP Loan</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (h)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2036</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,088&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,399&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Whistler Blackcomb employee housing leases </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(i)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2042</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,887&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,491&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (j)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024-2037</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,017&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,011&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total debt</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,787,638&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,825,649&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Unamortized premiums, discounts and debt issuance costs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(k)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,888&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,814&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Current maturities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(l)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,153&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69,160&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt, net</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,721,597&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,750,675&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(a)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt">On April 24, 2024, Vail Holdings, Inc. (&#8220;VHI&#8221;), which is a wholly-owned subsidiary of the Company, Bank of America, N.A., as administrative agent, and certain lenders entered into the Ninth Amended and Restated Credit Agreement (the &#8220;Vail Holdings Credit Agreement&#8221;). The Vail Holdings Credit Agreement matures on April 24, 2029 and consists of a $500.0 million revolving credit facility and a term loan facility, which had an outstanding balance of $959.8&#160;million as of July 31, 2024. The term loan facility is subject to quarterly amortization of principal of approximately $12.3 million and the final payment of all amounts outstanding, plus accrued and unpaid interest due in upon maturity in April 2029. VHI&#8217;s obligations under the Vail Holdings Credit Agreement are guaranteed by the Company and certain of its subsidiaries and are collateralized by a pledge of all the capital stock of VHI and substantially all of its subsidiaries (with certain additional exceptions for the pledge of the capital stock of foreign subsidiaries). In addition, pursuant to the terms of the Vail Holdings Credit Agreement, VHI has the ability to increase availability (under the revolver or in the form of term loans) to an aggregate principal amount not to exceed the greater of (i) $2.75 billion and (ii) the product of 3.5 and the trailing twelve-month Adjusted EBITDA, as defined in the Vail Holdings Credit Agreement. The proceeds of the loans made under the Vail Holdings Credit Agreement may be used to fund the Company&#8217;s working capital needs, capital expenditures, acquisitions, investments and other general corporate purposes, including the issuance of letters of credit. Borrowings under the Vail Holdings Credit Agreement, including the term loan facility, bear interest annually at the Secured Overnight Financing Rate (&#8220;SOFR&#8221;) plus a spread of 1.60% as of July&#160;31, 2024 (6.94% as of July&#160;31, 2024). Interest rate margins may fluctuate based upon the ratio of the Company&#8217;s Net Funded Debt to Adjusted EBITDA on a trailing four-quarter basis. The Vail Holdings Credit Agreement provides for affirmative and negative covenants that restrict, among other things, the Company&#8217;s ability to incur indebtedness, dispose of assets, make distributions and make investments. The Vail Holdings Credit Agreement also includes a quarterly unused commitment fee, which is equal to a percentage determined by the Net Funded Debt to Adjusted EBITDA ratio, as each such term is defined in the Vail Holdings Credit Agreement, multiplied by the daily amount by which the Vail Holdings Credit Agreement commitment exceeds the total of outstanding loans and outstanding letters of credit (0.30% as of July&#160;31, 2024). The Company was party to various interest rate swap agreements as of July 31, 2024 which hedged the cash flows associated with the SOFR-based variable interest rate component of $400.0&#160;million in principal amount of its Vail Holdings Credit Agreement at an effective rate of 1.38%. These interest rate swaps expired on September 23, 2024.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(b)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">On May 8, 2024, the Company completed an offering of $600.0&#160;million aggregate principal amount of 6.50% senior notes due 2032 at par, and the net proceeds were used to fund the redemption of all $600.0&#160;million of the outstanding 6.25% Notes due 2025 at par.&#160;The 6.50% Notes are unsecured senior obligations of the Company and are guaranteed by certain of the Company&#8217;s domestic subsidiaries.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company will pay interest on the 6.50% Notes on May 15 and November 15 of each year commencing on November 15, 2024, and the 6.50% Notes will mature on May 15, 2032. The 6.50% Notes are redeemable, in whole or in part, at any time on or after May 15, 2027 at the redemption prices specified in a 2024 Indenture dated as of May 8, 2024 (the &#8220;2024 Indenture&#8221;) plus accrued and unpaid interest. Prior to May 15, 2027, the Company may redeem some or all of the 6.50% Notes at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, plus a &#8220;make-whole&#8221; premium as specified in the 2024 Indenture. In addition, prior to May 15, 2027, the Company may redeem up to 40% of the aggregate principal amount of the 6.50% Notes with an amount not to exceed the net cash proceeds from certain equity offerings at the redemption price of 106.50% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The 6.50% Notes are senior unsecured obligations of the Company and rank equally in right of payment with existing and future senior indebtedness of the Company and the guarantors (as defined in the 2024 Indenture).</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2024 Indenture requires that, upon the occurrence of a Change of Control Repurchase Event (as defined in the 2024 Indenture), the Company shall offer to purchase all of the outstanding Notes at a purchase price in cash equal to 101% of the outstanding principal amount of the 6.50% Notes, plus accrued and unpaid interest. If the Company or certain of its subsidiaries dispose of assets, under certain circumstances, the Company will be required to either invest the net cash proceeds from such assets sales in its business within a specified period of time, repay certain senior secured debt or debt of its non-guarantor subsidiaries, or make an offer to purchase a principal amount of the 6.50% Notes equal to the excess net cash proceeds at a purchase price of 100% of their principal amount, plus accrued and unpaid interest.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2024 Indenture contains covenants that, among other things, restrict the ability of the Company and the guarantors to incur liens on assets; merge or consolidate with another company or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the Company&#8217;s assets or engage in Sale and Leaseback Transactions (as defined in the 2024 Indenture). The 2024 Indenture does not contain any financial maintenance covenants. Certain of the covenants will not apply to the 6.50% Notes so long as the 6.50% Notes have investment grade ratings from two specified rating agencies and no event of default has occurred and is continuing under the 2024 Indenture. The 2024 Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the 2024 Indenture, certain defaults on certain other indebtedness, certain events of bankruptcy, insolvency or reorganization, and invalidity of the guarantees of the 6.50% Notes issued pursuant to the 2024 Indenture.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(c)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt">On December 18, 2020, the Company completed an offering of $575.0&#160;million in aggregate principal amount of 0.0% Convertible Notes due 2026 in a private placement conducted pursuant to Rule 144A of the Securities Act of 1933, as amended (the &#8220;0.0% Convertible Notes&#8221;). The 0.0% Convertible Notes were issued under an indenture dated December 18, 2020 (the &#8220;Convertible Indenture&#8221;) between the Company and U.S. Bank National Association, as Trustee. The 0.0% Convertible Notes do not bear regular interest and the principal amount does not accrete. The 0.0% Convertible Notes mature on January 1, 2026, unless earlier repurchased, redeemed or converted.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 0.0% Convertible Notes are general senior unsecured obligations of the Company. The 0.0% Convertible Notes rank senior in right of payment to any future debt that is expressly subordinated, equal in right of payment with the Company&#8217;s existing and future liabilities that are not so subordinated, and are subordinated to all of the Company&#8217;s existing and future secured debt to the extent of the value of the assets securing such debt. The 0.0% Convertible Notes will also be structurally subordinated to all of the existing and future liabilities and obligations of the Company&#8217;s subsidiaries, including such subsidiaries&#8217; guarantees of the 6.50% Notes.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The initial conversion rate was 2.4560 shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $407.17 per share, and is subject to adjustment upon the occurrence of certain specified events as described in the Convertible Indenture, including the payment of cash dividends. As of July&#160;31, 2024, the conversion rate of the 0.0% Convertible Notes, adjusted for cash dividends paid since the issuance date, was 2.7075 shares per $1,000 principal amount of notes (the &#8220;Conversion Rate&#8221;), which represents a conversion price of $369.35 per share (the &#8220;Conversion Price&#8221;). The principal amount of the 0.0% Convertible Notes is required to be settled in cash. The Company will settle the in the money component of conversions by paying cash, delivering shares of its common stock, or a combination of the two, at its option.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Holders may convert their notes, at their option, only under the following circumstances:</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">during any calendar quarter commencing after the calendar quarter ending on March 31, 2021 if the last reported sale price per share of our common stock exceeds 130% of the Conversion Price for each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter;</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">during the five consecutive business days immediately after any 10 consecutive trading day period (such 10 consecutive trading day period, the &#8220;Measurement Period&#8221;) in which the trading price per $1,000 principal amount of notes for each trading day of the Measurement Period was less than 98% of the product of the last reported sale price per share of our common stock on such trading day and the Conversion Rate on such trading day;</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">upon the occurrence of certain corporate events or distributions on our common stock, as described in the Convertible Indenture;</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">if the Company calls the 0.0% Convertible Notes for redemption; or</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">at any time from, and including, July 1, 2025 until the close of business on the scheduled trading day immediately before the maturity date.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 0.0% Convertible Notes will be redeemable, in whole or in part, at the Company&#8217;s option at any time, and from time to time, on or after January 1, 2024 and on or before the 25th scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the notes to be redeemed, plus accrued and unpaid special and additional interest, if any, to, but excluding, the redemption date, but only if the last reported sale price per share of the Company&#8217;s common stock exceeds 130% of the Conversion Price for a specified period of time. If the Company elects to redeem less than all of the 0.0% Convertible Notes, at least $50.0&#160;million aggregate principal amount of notes must be outstanding and not subject to redemption as of the relevant redemption notice date. Calling any 0.0% Convertible Notes for redemption will constitute a make-whole fundamental change with respect to such notes, in which case the Conversion Rate applicable to the conversion of such notes will be increased in certain circumstances if such notes are converted after they are called for redemption.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, upon the occurrence of a fundamental change (as defined in the Convertible Indenture), holders of the 0.0% Convertible Notes may require the Company to repurchase all or a portion of their notes at a cash repurchase price equal to the principal amount of the notes to be repurchased, plus any accrued and unpaid special and additional interest, if any, to, but excluding, the applicable repurchase date. If certain fundamental changes referred to as make-whole fundamental changes (as defined in the Convertible Indenture) occur, the Conversion Rate for the 0.0% Convertible Notes may be increased for a specified period of time.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Convertible Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the Convertible Indenture, certain defaults on certain other indebtedness, and certain events of bankruptcy, insolvency or reorganization. The Company may elect, at its option, that the sole remedy for an event of default relating to certain failures by the Company to comply with certain reporting covenants in the Convertible Indenture will consist exclusively of the right of the holders of the 0.0% Convertible Notes to receive additional interest on the notes for up to 360 days following such failure.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to the adoption of ASU 2020-06 on August 1, 2022, the Company separately accounted for the liability and equity components of the 0.0% Convertible Notes. The liability component at issuance was recognized at estimated fair value based on the fair value of a similar debt instrument that does not have an embedded convertible feature, and was determined to be $465.3&#160;million and was recorded within long-term debt, net on the Company&#8217;s Consolidated Balance Sheet.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The excess of the principal amount of the 0.0% Convertible Notes over the initial fair value of the liability component represented a debt discount of $109.7&#160;million and was being amortized to interest expense, net over the term through July 31, 2022 (prior to the adoption of ASU 2020-06). The balance of the unamortized debt discount was $76.7&#160;million as of July 31, 2022. The carrying amount of the equity component representing the conversion option was approximately $109.7&#160;million and was determined by deducting the initial fair value of the liability component from the total proceeds of the 0.0% Convertible Notes of $575.0&#160;million. Additionally, the Company recorded deferred tax liabilities of approximately $27.5&#160;million related to the equity component of the 0.0% Convertible Notes on the date of issuance, which decreased the recorded value of the equity component. As of July 31, 2022, the equity component was recorded within additional paid-in-capital on the Company&#8217;s Consolidated Balance Sheet. The Company adopted ASU 2020-06 on August 1, 2022 using the modified retrospective method, and as a result, the Company reclassified the equity component of its 0.0% Convertible Notes to long-term debt, net, and no longer records non-cash interest expense related to the amortization of the debt discount effective as of the adoption date. </span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(d)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">Whistler Mountain Resort Limited Partnership (&#8220;Whistler LP&#8221;) and Blackcomb Skiing Enterprises Limited Partnership (&#8220;Blackcomb LP&#8221; and together with Whistler LP, the &#8220;WB Partnerships&#8221;) are party to a credit agreement consisting of a C$300.0&#160;million credit facility which was originally dated as of November 12, 2013, by and among Whistler LP, Blackcomb LP, certain subsidiaries of Whistler LP and Blackcomb LP party thereto as guarantors, the financial institutions party thereto as lenders and The Toronto-Dominion Bank (&#8220;TD&#8221;), as administrative agent. On April 14, 2023, the WB Partnerships along with other parties to the original agreement entered into the Second Amended and Restated Credit Agreement (as amended, the &#8220;Whistler Credit Agreement&#8221;). The amended Whistler Credit Agreement (i) extended the </span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">maturity date of the revolving credit facility to April 14, 2028; (ii) contained customary LIBOR replacement language for the use of rates based on SOFR with regard to borrowings under the facility made in U.S. dollars; and (iii) contained customary forward-looking transition language for the Canadian Dollar Offered Rate (&#8220;CDOR&#8221;) with regard to borrowings under the facility made in Canadian dollars, including, but not limited to, the use of rates based on the Canadian Overnight Repo Rate Average (&#8220;CORRA&#8221;), which is a measure of the cost of overnight general collateral funding using Government of Canada treasury bills and bonds as collateral for repurchase transactions, and for which such transition occurred in June 2024. On June 27, 2024, TD issued a notice of benchmark replacement and the implementation of benchmark replacement confirming changes. This notice established the CDOR replacement as the Adjusted Term CORRA, which is the sum of (i) Term CORRA and (ii) 0.29547% for an available tenor of one-month&#8217;s duration, and 0.32138% for an available tenor of three months&#8217; duration, provided that, if the Adjusted Term CORRA as so determined shall ever be less than a floor of 0.00%, then the Adjusted Term CORRA shall be deemed to be 0.00%. No other significant terms of the agreement were amended. As of July&#160;31, 2024, there were no borrowings under the Whistler Credit Agreement. The Whistler Credit Agreement also includes a quarterly unused commitment fee based on the Consolidated Total Leverage Ratio, which as of July&#160;31, 2024 is equal to 0.39% per annum.&#160;The Whistler Credit Agreement provides for affirmative and negative covenants that restrict, among other things, the WB Partnerships&#8217; ability to incur indebtedness and liens, dispose of assets, make capital expenditures, make distributions and make investments. In addition, the Whistler Credit Agreement includes the restrictive financial covenants (leverage ratios and interest coverage ratios) customary for facilities of this type.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(e)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt">In September 2019, in conjunction with the acquisition of Peak Resorts, Inc. (&#8220;Peak Resorts&#8221;), the Company assumed various secured borrowings (the &#8220;EPR Secured Notes&#8221;) under the master credit and security agreements and other related agreements, as amended, (collectively, the &#8220;EPR Agreements&#8221;) with EPT Ski Properties, Inc. and its affiliates (&#8220;EPR&#8221;). The EPR Secured Notes include the following:</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-23.27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">i.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Alpine Valley Secured Note. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The $4.6 million Alpine Valley Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.90%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-26.04pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ii.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Boston Mills/Brandywine Secured Note.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The $23.3 million Boston Mills/Brandywine Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.41%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-28.81pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">iii.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Jack Frost/Big Boulder Secured Note. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The $14.3 million Jack Frost/Big Boulder Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.41%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-28.27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">iv.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Mount Snow Secured Note.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The $51.1 million Mount Snow Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 12.50%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-25.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">v.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Hunter Mountain Secured Note.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The $21.0 million Hunter Mountain Secured Note provides for interest payments through its maturity on January 5, 2036. As of July&#160;31, 2024, interest on this note accrued at a rate of 9.19%.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The EPR Secured Notes are secured by all or substantially all of the assets of Peak Resorts and its subsidiaries, including mortgages on the Alpine Valley, Boston Mills, Brandywine, Jack Frost, Big Boulder, Mount Snow and Hunter Mountain ski resorts. The EPR Secured Notes bear interest at specified interest rates, as discussed above, which are subject to increase each year by the lesser of (i) three times the percentage increase in the Consumer Price Index (&#8220;CPI&#8221;) or (ii) a capped index (the &#8220;Capped CPI Index&#8221;), which is 1.75% for the Hunter Mountain Secured Note and 1.50% for all other notes. The EPR Agreements provide for affirmative and negative covenants that restrict, among other things, the ability of Peak Resorts and its subsidiaries to incur indebtedness, dispose of assets, make distributions and make investments. In addition, the EPR Agreements include restrictive covenants, including maximum leverage ratio and consolidated fixed charge ratio. An additional contingent interest payment would be due to EPR if, on a calendar year basis, the gross receipts from the properties securing any of the individual EPR Secured Notes (the &#8220;Gross Receipts&#8221;) are more than the result (the &#8220;Interest Quotient&#8221;) of dividing the total interest charges for the EPR Secured Notes by a specified percentage rate (the &#8220;Additional Interest Rate&#8221;). In such a case, the additional interest payment would equal the difference between the Gross Receipts and the Interest Quotient multiplied by the Additional Interest Rate. This calculation is made on an aggregated basis for the notes secured by the Jack Frost, Big Boulder, Boston Mills, Brandywine and Alpine Valley ski resorts, where the Additional Interest Rate is 10.0%; on a standalone basis for the note secured by the Company&#8217;s Mount Snow ski resort, where the Additional Interest Rate is 12.0%; and on a standalone basis for the note secured by the Company&#8217;s Hunter Mountain ski resort, where the Additional Interest Rate is 8.0%. Peak Resorts does not have the right to prepay the EPR Secured Notes. The EPR Secured Notes were recorded at their estimated fair value in conjunction with the acquisition of Peak Resorts on September 24, 2019. The EPR Agreements grant EPR certain other rights including the option to purchase </span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the Boston Mills, Brandywine, Jack Frost, Big Boulder or Alpine Valley resorts, which is exercisable no sooner than two years and no later than one year prior to the maturity dates of the applicable EPR Secured Note for such properties, with any closings to be held on the applicable maturity dates; and, if EPR exercises the purchase option, EPR will enter into an agreement with the Company for the lease of each acquired property for an initial term of 20 years, plus options to extend the lease for two additional periods of ten years each.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(f)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.01pt">The Company has recorded the outstanding debt of four Employee Housing Entities (each an &#8220;Employee Housing Entity&#8221; and collectively the &#8220;Employee Housing Entities&#8221;): Breckenridge Terrace, Tarnes, BC Housing and Tenderfoot. The proceeds of the Employee Housing Bonds were used to develop apartment complexes designated primarily for use by the Company&#8217;s seasonal employees at its Colorado mountain resorts. The Employee Housing Bonds are variable rate, interest-only instruments with interest rates tied to SOFR plus 0% to 0.20% (5.53% to 5.73% as of July&#160;31, 2024).</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest on the Employee Housing Bonds is paid monthly in arrears and the interest rate is adjusted weekly. No principal payments are due on the Employee Housing Bonds until maturity. Each Employee Housing Entity&#8217;s bonds were issued in two series. The bonds for each Employee Housing Entity are backed by letters of credit issued under the Vail Holdings Credit Agreement. The table below presents the principal amounts outstanding for the Employee Housing Bonds as of July&#160;31, 2024 (in thousands):&#160;&#160;&#160;&#160;</span></div><div style="margin-top:8pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.491%"><tr><td style="width:1.0%"></td><td style="width:34.051%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.113%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Maturity</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Tranche&#160;A</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Tranche&#160;B</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Breckenridge Terrace</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2039</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,980&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,980&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Tarnes</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2039</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,410&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,410&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">BC Housing</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,100&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,600&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Tenderfoot</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2035</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,700&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,885&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,585&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></div></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,780&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,795&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,575&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(g)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">On May 24, 2013, VR CPC Holdings, Inc. (&#8220;VR CPC&#8221;), a wholly-owned subsidiary of the Company, entered into a transaction agreement with affiliate companies of Talisker Corporation (&#8220;Talisker&#8221;) pursuant to which the parties entered into a master lease agreement (the &#8220;Park City Lease&#8221;) and certain ancillary transaction documents on May 29, 2013 related to the former stand-alone Canyons Resort (&#8220;Canyons&#8221;), pursuant to which the Company assumed the resort operations of the Canyons. The Park City Lease between VR CPC and Talisker has an initial term of 50 years with six 50-year renewal options. The Park City Lease provides for $25 million in annual payments, which increase each year by an inflation-linked index of CPI less 1% per annum, with a floor of 2%. Vail Resorts has guaranteed the payments under the Park City Lease. The obligation at July&#160;31, 2024 represents future lease payments for the remaining initial lease term of 50 years (including annual increases at the floor of 2%) discounted using an interest rate of 10%, and includes accumulated accreted interest expense of approximately $63.8&#160;million.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(h)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">On August 3, 2022 in conjunction with the acquisition of Andermatt-Sedrun (see Note 7, Acquisitions), the Company assumed the New Regional Policy loan between Andermatt-Sedrun and the Canton of Uri and Canton of Graub&#252;nden dated June 24, 2016 (the &#8220;NRP Loan&#8221;), with an initial principal balance of CHF 40.0 million. Amounts outstanding under the NRP Loan bear interest at 0.63% per annum until the maturity date, which is September 30, 2036, with semi-annual required payments of principal amortization and accrued interest. In addition, the NRP Loan agreement includes restrictive covenants requiring certain minimum financial results (as defined in the agreement).</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">During the year ended July 31, 2023, the Company entered into new finance lease agreements for employee housing units at Whistler Blackcomb. The leases have a term of 20 years with no renewal options. The obligation at July&#160;31, 2024 represents future lease payments for the remaining period of the initial 20 year term of the lease (including annual increases at the floor of 3%) discounted using an interest rate of 6.95%.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(j)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">During the year ended July 31, 2019, the Company completed two real estate sales transactions that were accounted for as financing arrangements as a result of the Company&#8217;s continuing involvement with the underlying assets that were sold, including but not limited to, the obligation to repurchase finished commercial space from the development projects upon completion. The Company received approximately&#160;$12.8&#160;million&#160;of proceeds for these sales transactions through the year ended July&#160;31, 2024, which are reflected within long-term debt, net. </span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(k)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">In connection with the various business combinations, the Company estimated the acquisition date fair values of certain debt instruments assumed, and recorded any difference between such estimated fair values and the par value of debt instruments as unamortized premiums and discounts, as appropriate, which are amortized and recorded to interest expense, net on the Company&#8217;s Consolidated Statements of Operations over the respective term of the applicable debt instruments. </span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, certain costs incurred with regard to the issuance of debt instruments are capitalized and included as a reduction in the net carrying value of long-term debt, net of accumulated amortization, with the exception of costs incurred related to line-of-credit arrangements, which are included in deferred charges and other assets, net of accumulated amortization. Amortization of such deferred financing costs are recorded to interest expense, net on the Company&#8217;s Consolidated Statements of Operations over the respective term of the applicable debt instruments.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(l)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">Current maturities represent principal payments due in the next 12 months.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Aggregate maturities for debt outstanding, including finance lease obligations, as of July&#160;31, 2024 reflected by fiscal year are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:83.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,586&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">632,202&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,719&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55,772&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">770,033&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,190,326&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total debt</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,787,638&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company recorded interest expense of $161.8 million, $153.0 million and $148.2 million for the years ended July&#160;31, 2024, 2023 and 2022, respectively, of which $6.3 million, $6.7 million and $5.9 million, respectively, was amortization of deferred financing costs. The Company was in compliance with all of its financial and operating covenants required to be maintained under its debt instruments for all periods presented.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the acquisition of Whistler Blackcomb, VHI funded a portion of the purchase price through an intercompany loan to Whistler Blackcomb, which was effective as of November 1, 2016 and&#160;requires foreign currency remeasurement to Canadian dollars, the functional currency for Whistler Blackcomb. As a result, foreign currency fluctuations associated with the loan are recorded within the Company&#8217;s results of operations. The Company recognized approximately&#160;$4.1&#160;million, $2.9&#160;million and $2.7&#160;million of non-cash foreign currency loss on the intercompany loan to Whistler Blackcomb during the years ended July&#160;31, 2024, 2023 and 2022, respectively, on its Consolidated Statements of Operations. During the year ended July 31, 2024, Whistler Blackcomb repaid $65.0&#160;million of the outstanding principal on the intercompany loan and as of July&#160;31, 2024, the remaining balance of the intercompany loan was $32.1 million.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1B<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(c))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 470<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//470/tableOfContent<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1B<br> -Subparagraph (g)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1B<br> -Subparagraph (i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1C<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1C<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1C<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1I<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1I<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1I<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>33
<FILENAME>R14.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997468144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisitions<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationDisclosureTextBlock', window );">Acquisitions</a></td>
<td class="text">Acquisitions<div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Crans-Montana Mountain Resort</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 2, 2024, the Company acquired Crans-Montana in Switzerland from CPI Property Group (&#8220;CPIPG&#8221;). The Company acquired (i) an approximate 84% ownership stake in Romont&#233;es M&#233;caniques Crans Montana Aminona SA (&#8220;CMA&#8221;), which controls and operates all of the lifts and supporting mountain operations, including four retail and rental locations; (ii) 100% ownership of SportLife AG, which operates one of the ski schools located at the resort; and (iii) 100% ownership of 11 restaurants located on and around the mountain. The acquisition was funded with cash on hand. As of May 2, 2024 the total fair value of the consideration paid was $106.8 million (CHF&#160;97.2&#160;million).</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Portions of the Crans-Montana resort operations are conducted on land owned by third parties via numerous registered easements, building rights (which may be subject to federal concessions), or other agreements. The municipality of Crans-Montana, the municipality of Lens and CPIPG collectively retained in total an approximate 16% ownership stake in CMA. The Company entered into a shareholders&#8217; agreement with the municipalities of Crans-Montana and Lens (the &#8220;Crans Agreement&#8221;) for an initial fixed term until December 31, 2035. Thereafter, the Crans Agreement shall continue to be in effect for successive renewal periods of ten years unless terminated by either the Company or the municipalities acting jointly. The Crans Agreement provides for various terms and conditions in relation to the election and governance of the board of directors, company policies, dividends, financial aspects and related matters. The noncontrolling shares may be traded without restriction.</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash consideration paid by Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,809&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated fair value of noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,084&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total estimated purchase consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120,893&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Allocation of total estimated purchase consideration:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,207&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,232&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,796&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,262&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,604)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120,893&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Identifiable intangible assets acquired in the transaction were primarily related to a trade name. The process of estimating the fair value of the property, plant, and equipment includes the use of certain estimates and assumptions related to replacement cost and physical condition at the time of acquisition. The excess of the purchase price over the aggregate estimated fair values of the assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected synergies, the assembled workforce of the resort and other factors, and is not expected to be deductible for income tax purposes. The operating results of Crans-Montana are reported within the Mountain segment prospectively from the date of acquisition. The Company recognized $6.9&#160;million of acquisition related expenses associated with the transaction within Mountain operating expense on its Consolidated Statement of Operations for the year ended July 31, 2024. The operating results of the acquired resort is reported within the Mountain segment prospectively from the date of acquisition.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The estimated fair values of assets acquired and liabilities assumed in the acquisition of Crans-Montana are preliminary and are based on the information that was available as of the acquisition date. The Company believes that this information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed; however, the Company may obtain additional information necessary to finalize those estimated fair values. Therefore, the preliminary measurements of estimated fair values reflected are subject to change. The Company expects to finalize the valuation and complete the purchase consideration allocation no later than one year from the acquisition date.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Andermatt-Sedrun</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 3, 2022, through a wholly-owned subsidiary, the Company acquired a 55% controlling interest in Andermatt-Sedrun from Andermatt Swiss Alps AG (&#8220;ASA&#8221;). The consideration paid consisted of an investment of $114.4&#160;million (CHF&#160;110.0&#160;million) into Andermatt-Sedrun for use in capital investments to enhance the guest experience on mountain (which was prepaid to fund the acquisition and was recorded in other current assets on the Company&#8217;s Consolidated Balance Sheet as of July 31, 2022) and $41.3&#160;million (CHF&#160;39.3&#160;million) paid to ASA (which was paid on August 3, 2022, commensurate with closing). As of August 3, 2022 the total fair value of the consideration paid was $155.4&#160;million (CHF&#160;149.3&#160;million).</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Andermatt-Sedrun operates mountain and ski-related assets, including lifts, most of the restaurants and a ski school operation at the ski area. Ski operations are conducted on land owned by ASA as freehold or leasehold properties, land owned by Usern Corporation, land owned by the municipality of Tujetsch and land owned by private property owners. ASA retained a 40% ownership stake, with a group of existing shareholders comprising the remaining 5% ownership stake. ASA and the other noncontrolling economic interests contain certain protective rights pursuant to a shareholder agreement (the &#8220;Andermatt Agreement&#8221;) and no ability to participate in the day-to-day operations of Andermatt-Sedrun. The Andermatt Agreement provides that no dividend distributions be made by Andermatt-Sedrun until the end of the fiscal year ending July 31, 2026, after which time there shall be annual distributions of 50% of the available cash (as defined in the Andermatt Agreement) for the most recently completed fiscal year.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, the distribution rights are non-transferable and transfer of the noncontrolling interests are limited.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash consideration paid by Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">155,365&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated fair value of noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91,524&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total estimated purchase consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,889&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Allocation of total estimated purchase consideration:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119,867&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,805&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,476&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assumed long-term debt</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,130)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,497)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,889&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Identifiable intangible assets acquired in the transaction were primarily related to a trade name. The process of estimating the fair value of the property, plant, and equipment includes the use of certain estimates and assumptions related to replacement cost and physical condition at the time of acquisition. The excess of the purchase price over the aggregate estimated fair values of the assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected synergies, the assembled workforce of the resort and other factors, and is not expected to be deductible for income tax purposes. The operating results of Andermatt-Sedrun are reported within the Mountain segment prospectively from the date of acquisition.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Seven Springs Mountain Resort, Hidden Valley Resort &amp; Laurel Mountain Ski Area</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 31, 2021, the Company, through a wholly-owned subsidiary, acquired Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area in Pennsylvania (collectively, the &#8220;Seven Springs Resorts&#8221;) from Seven Springs Mountain Resort, Inc. and its affiliates for a cash purchase price of approximately $116.5&#160;million, after adjustments for certain agreed-upon terms, which the Company funded with cash on hand. The acquisition included the mountain operations of the resorts, including base area skier services (food and beverage, retail and rental, lift ticket offices and ski and snowboard school facilities), as well as a hotel, conference center and other related operations.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,932&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">118,415&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,041&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,335&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,222)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116,501&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Identifiable intangible assets acquired in the transaction were primarily related to advanced lodging bookings and trade names. The process of estimating the fair value of the property, plant, and equipment includes the use of certain estimates and assumptions related to replacement cost and physical condition at the time of acquisition. The excess of the purchase price over the aggregate estimated fair values of the assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected synergies, the assembled workforce of the resorts and other factors, and is not expected to be deductible for income tax purposes. The Company recognized $2.8&#160;million of acquisition related expenses associated with the transaction within Mountain and Lodging operating expense on its Consolidated Statement of Operations for the year ended July 31, 2022. The operating results of the acquired resorts are reported within the Mountain and Lodging segments prospectively from the date of acquisition.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 805<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 805<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-5<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 805<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//805/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>34
<FILENAME>R15.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989914048">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Supplementary Balance Sheet Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BalanceSheetRelatedDisclosuresAbstract', window );"><strong>Balance Sheet Related Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock', window );">Supplementary Balance Sheet Information</a></td>
<td class="text">Supplementary Balance Sheet Information<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of other current assets follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepaid expenses</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,519&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,218&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,039&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">78,185&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other current assets</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79,558&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">121,403&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of property, plant and equipment, including finance lease assets, follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land and land improvements</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">804,287&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">796,730&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Buildings and building improvements</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,682,734&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,643,517&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Machinery and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,984,549&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,792,378&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Furniture and fixtures</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">316,510&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">298,725&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Software</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161,502&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">152,033&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vehicles</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91,951&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87,298&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Construction in progress</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116,872&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134,113&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross property, plant and equipment</span></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,158,405&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,904,794&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated depreciation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,735,770)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,533,237)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment, net</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,422,635&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,371,557&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation expense, which included depreciation of assets recorded under finance leases, for the years ended July&#160;31, 2024, 2023 and 2022 totaled $271.8 million, $263.4 million and $247.2 million, respectively.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the composition of property, plant and equipment recorded under finance leases as of July&#160;31, 2024 and 2023 (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,818&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,818&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land improvements</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,228&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,228&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Buildings and building improvements</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70,310&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70,917&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Machinery and equipment</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">85,416&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71,527&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross property, plant and equipment</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">236,772&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223,490&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated depreciation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(107,740)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(96,257)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment, net</span></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">129,032&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">127,233&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of goodwill and intangible assets follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,721,017&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,763,386&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated impairments</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,688)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,688)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,354)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,354)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill, net</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,677,975&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,720,344&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Indefinite-lived intangible assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trademarks</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">235,858&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">237,921&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,081&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,224&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross indefinite-lived intangible assets</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,939&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">279,145&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(24,751)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(24,713)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Indefinite-lived intangible assets, net</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252,188&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">254,432&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Amortizable intangible assets</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trademarks</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,008&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,008&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71,198&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71,570&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross amortizable intangible assets</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">109,206&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">109,578&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(58,859)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(54,665)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortizable intangible assets, net</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50,347&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,913&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross intangible assets</span></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">386,145&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">388,723&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total accumulated amortization</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(83,610)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(79,378)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total intangible assets, net</span></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">302,535&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">309,345&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amortization expense for intangible assets subject to amortization for the years ended July&#160;31, 2024, 2023 and 2022 totaled $4.7 million, $5.1 million and $5.2 million, respectively, and is estimated to be approximately&#160;$2.6 million annually, on average, for the next five fiscal years.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The changes in the net carrying amount of goodwill allocated between the Company&#8217;s segments for the years ended July&#160;31, 2024 and 2023 are as follows (in thousands): </span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Mountain </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Lodging </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Goodwill,&#160;net </span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at July 31, 2022</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,709,922&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,006&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,754,928&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition (including measurement period adjustments)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Disposal of retail and rental stores </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,975)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,975)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effects of changes in foreign currency exchange rates</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,977)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,977)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at July 31, 2023</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,675,338&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,006&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,720,344&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,796&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,796&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effects of changes in foreign currency exchange rates</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(45,165)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(45,165)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at July 31, 2024</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,632,969&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,006&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,677,975&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> During the year ended July 31, 2023, the Company completed a sale of five retail and rental stores in Telluride, Colorado to an unrelated party for cash, which the Company determined constituted the sale of a business.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of accounts payable and accrued liabilities follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade payables</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,246&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">148,521&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred revenue</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">575,766&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">572,602&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued salaries, wages and deferred compensation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,269&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,908&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued benefits</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60,940&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60,466&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deposits</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,798&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,611&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,904&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other accruals</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102,467&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">82,822&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total accounts payable and accrued liabilities</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,000,798&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">978,021&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetRelatedDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetRelatedDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SupplementalBalanceSheetDisclosuresTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 210<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//210/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SupplementalBalanceSheetDisclosuresTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>35
<FILENAME>R16.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991373456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Measurements<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>Fair Value Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresTextBlock', window );">Fair Value Measurements</a></td>
<td class="text">Fair Value Measurements<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company utilizes FASB-issued fair value guidance that establishes how reporting entities should measure fair value for measurement and disclosure purposes.&#160;The guidance establishes a common definition of fair value applicable to all assets and liabilities measured at fair value and prioritizes the inputs into valuation techniques used to measure fair value.&#160;Accordingly, the Company uses valuation techniques which maximize the use of observable inputs and minimize the use of unobservable inputs when determining fair value.&#160;The three levels of the hierarchy are as follows:</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Level 1: Inputs that reflect unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities;</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Level 2: Inputs include quoted prices for similar assets and liabilities in active and inactive markets or that are observable for the asset or liability either directly or indirectly; and</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Level 3: Unobservable inputs which are supported by little or no market activity.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes the Company&#8217;s cash equivalents, other current assets, Interest Rate Swaps and Contingent Consideration (defined below) measured at estimated fair value (all other assets and liabilities measured at fair value are immaterial) (in thousands).</span></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:36.326%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.545%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated Fair Value Measurement as of July 31, 2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Description</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level&#160;1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level&#160;2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level&#160;3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Money Market</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">896&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">896&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commercial Paper</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,401&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,401&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates of Deposit</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101,989&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101,989&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest Rate Swaps</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,343&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,343&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent Consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,200&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,200&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated Fair Value Measurement as of July 31, 2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Description</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Money Market</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">170,872&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">170,872&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commercial Paper</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,401&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,401&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates of Deposit</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">144,365&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">144,365&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest Rate Swaps</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,229&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,229&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent Consideration </span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,300&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,300&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s cash equivalents, other current assets and Interest Rate Swaps are measured utilizing quoted market prices or pricing models whereby all significant inputs are either observable or corroborated by observable market data. The Company is party to various interest rate swap agreements which hedge the cash flows associated with the SOFR-based variable interest rate component of $400.0&#160;million in principal amount of its Vail Holdings Credit Agreement. Changes in the estimated fair value are recognized in change in estimated fair value of hedging instruments on the Company&#8217;s Consolidated Statements of Comprehensive Income. The estimated fair value of the Interest Rate Swaps was included as an asset within other current assets and deferred charges and other assets as of July&#160;31, 2024 and 2023, respectively, in the Company&#8217;s Consolidated Balance Sheets.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The changes in Contingent Consideration during the years ended July&#160;31, 2024 and 2023 were as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:83.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Contingent Consideration</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance as of July 31, 2022</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,400&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payment</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,936)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,836&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance as of July 31,2023</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,300&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payment</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,057)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47,957&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance as of July 31, 2024</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,200&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Park City Lease provides for participating contingent payments (the &#8220;Contingent Consideration&#8221;) to the landlord of 42% of the amount by which EBITDA for the Park City resort operations, as calculated under the Park City Lease, exceeds approximately $35 million, as established upon the Company&#8217;s acquisition of the resort, with such threshold amount subsequently increased annually by an inflation linked index and a 10% adjustment for any capital improvements or investments made under the Park City Lease by the Company. Contingent Consideration is classified as a liability, which is remeasured to fair value at each reporting date until the contingency is resolved. The Company estimated the fair value of the Contingent Consideration payments using an option pricing valuation model. The estimated fair value of Contingent Consideration includes future period resort operations of Park City in the calculation of EBITDA on which participating contingent payments are made, which is determined on the basis of estimated subsequent year performance, escalated by an assumed annual growth factor and discounted to net present value. Other significant assumptions included a discount rate of 11.1%, and volatility of 14.5%, which together with future period Park City EBITDA, are all unobservable inputs and thus are considered Level 3 inputs. During the year ended July&#160;31, 2024, the Company made a payment to the landlord for Contingent Consideration of approximately $17.1&#160;million.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended July&#160;31, 2024, the Company observed a continued trend of improved performance at the resort relative to expectations, which were based on an average of historical results that the Company calculated in the prior year. Accordingly, the Company performed a reassessment of its long-term EBITDA assumptions used to estimate the fair value of the liability by updating the average of historical results used to estimate future year EBITDA performance. As a result, the Company recorded an increase in the liability of approximately $48.0&#160;million which was primarily related to an increase in expected long-term EBITDA performance for Park City as well as the expected payment to be made in October 2024 for the resort&#8217;s performance for the year ending July 31, 2024. Future period EBITDA performance for Park City may differ significantly from these estimates, which could have a material impact on the estimated fair value of the Contingent Consideration liability.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The estimated fair value of the Contingent Consideration is approximately $104.2&#160;million, which is reflected in accounts payable and other long-term liabilities in the Company&#8217;s Consolidated Balance Sheet as of July&#160;31, 2024. The Company prepared a sensitivity analysis to evaluate the effect that changes on certain key assumptions would have on the estimated fair value of the Contingent Consideration. A change in the discount rate of 100 basis points or a 5% change in estimated subsequent year performance of the resort would result in a change in the estimated fair value within the range of approximately $14.6 million to $20.1 million.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueDisclosuresTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 820<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueDisclosuresTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>36
<FILENAME>R17.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45260096149952">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">Income Taxes</a></td>
<td class="text">Income Taxes<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to taxation in U.S. federal, state and local jurisdictions and various non-U.S. jurisdictions, including Australia, Canada, the Netherlands and Switzerland. The Company&#8217;s effective tax rate is impacted by the tax laws, regulations, practices and interpretations in the jurisdictions in which it operates and may fluctuate significantly from period to period depending on, among other things, the geographic mix of the Company&#8217;s profits and losses, changes in tax laws and regulations or their application and interpretation, the outcome of tax audits and changes in valuation allowances associated with the Company&#8217;s deferred tax assets.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">U.S. and foreign components of income before provision for income taxes are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">225,408&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">217,971&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">387,729&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119,687&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">155,546&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69,432&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income before income taxes</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">345,095&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">373,517&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">457,161&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes. Significant components of the Company&#8217;s deferred tax liabilities and assets are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax liabilities:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200,197&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">211,995&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">160,002&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">143,402&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease right of use assets</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,730&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,913&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,774&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,115&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">440,703&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">423,425&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax assets:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Canyons obligation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,813&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,631&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock-based compensation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,110&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,370&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment in Partnerships</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,097&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,430&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred compensation and other accrued benefits</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,339&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,099&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent Consideration</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,251&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,423&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net operating loss carryforwards and other tax credits</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,082&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,864&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,550&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,953&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,892&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,988&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">180,134&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">160,758&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Valuation allowance for deferred income taxes</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,553)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,603)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax assets, net of valuation allowance</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">164,581&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">151,155&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net deferred income tax liability</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,122&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">272,270&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The components of deferred income taxes recognized in the accompanying Consolidated Balance Sheets are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:59.897%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.401%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.402%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax asset</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,693&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,867&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax liability</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">279,815&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,137&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net deferred income tax liability</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,122&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">272,270&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant components of the provision for income taxes are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Federal</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,759&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,473&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62,974&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,550&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,759&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,938&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,412&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,117&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,302&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total current</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86,721&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,349&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98,214&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Federal</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,764&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,813&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,910)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(461)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,372&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,966&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,792&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,120)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,446)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total deferred</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,095&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,065&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,390)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98,816&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,414&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,824&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A reconciliation of the income tax provision for continuing operations and the amount computed by applying the United States federal statutory income tax rate to income before income taxes is as follows:</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At U.S. federal income tax rate</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State income tax, net of federal benefit</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in uncertain tax positions</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.5)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.2)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock-based compensation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3.6)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign partnership basis adjustment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.4&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.0)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.0)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.2)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign taxes</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.9)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effective tax rate</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28.6&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23.7&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19.4&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A reconciliation of the beginning and ending amount of unrecognized tax benefits associated with uncertain tax positions, excluding associated deferred tax benefits and accrued interest and penalties, if applicable, is as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance, beginning of year</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,680&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62,909&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">67,857&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions for tax positions of prior years</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,866&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,025&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,179&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lapse of statute of limitations</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,558)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22,254)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,127)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance, end of year</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50,988&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,680&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62,909&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, the Company&#8217;s unrecognized tax benefits associated with uncertain tax positions relate to the treatment of the Talisker lease payments as payments of debt obligations and that the tax basis in Canyons goodwill is deductible, and are included within other long-term liabilities in the accompanying Consolidated Balance Sheets.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, the Company had recorded $51.0&#160;million of uncertain tax positions as well as $6.1&#160;million of accrued interest and penalties. During the year ended July&#160;31, 2024, the Company experienced a reduction in the uncertain tax positions due to the lapse of the statute of limitations of $11.6&#160;million, which was partially offset with an increase to the uncertain tax position of $10.9&#160;million. The Company also recognized a tax benefit of $1.0&#160;million from a reduction in accrued interest and penalties during the year ended July&#160;31, 2024. The Company is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. Additionally, the Company expects a reduction to its uncertain tax positions for the fiscal year ending July&#160;31, 2025, due to the lapse of the statute of limitations.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s major tax jurisdictions in which it files income tax returns are the U.S. federal jurisdiction, various state jurisdictions, Australia, Canada and Switzerland. The Company&#8217;s U.S. federal and state income tax returns are generally subject to tax examinations for the tax years 2020 through the current period. The Company&#8217;s Australian and Canadian income tax returns are generally subject to examination for the tax years 2019 through the current period, and Swiss income tax returns are generally subject to examination for the tax years 2018 through the current period. Additionally, to the extent the Company has NOLs that have been carried back or are available for carryforward, the tax years to which the NOL was carried back or in which the NOL was generated may still be adjusted by the taxing authorities to the extent the NOLs are utilized.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has NOL carryforwards totaling $92.6&#160;million, primarily comprised of $5.9&#160;million of federal and state NOLs as a result of the acquisition of Peak Resorts in September 2019 that will expire beginning July 31, 2034 and non-U.S. NOLs of $86.7&#160;million (for which a portion will begin expiring July 31, 2025, and a portion will carry forward indefinitely). In connection with Peak Resorts&#8217; initial public offering in November 2014, as well as the Company&#8217;s acquisition of Peak Resorts in September 2019, Peak Resorts had two ownership changes pursuant to the provisions of the Tax Reform Act of 1986. As a result, the Company&#8217;s usage of its eligible Federal NOL carryforwards will be limited each year by these ownership changes; however, management believes the full benefit of those carryforwards will be realized prior to their respective expiration dates. As of July 31, 2024, the Company has recorded a valuation allowance of $10.4 million on non-U.S. NOL carryforwards, as the Company has determined that it is more likely than not that the associated NOL carryforwards will not be realized. The Company has also recorded a valuation allowance of $4.2 million on foreign tax credit carryforwards, as the Company has determined that it is more likely than not that these foreign tax credit carryforwards will not be realized. Additionally, the Company has $1.0 million of foreign deferred tax assets, for which a valuation allowance of $1.0 million has been recorded.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company may be required to record additional valuation allowances if, among other things, adverse economic conditions negatively impact the Company&#8217;s ability to realize its deferred tax assets. Evaluating and estimating the Company&#8217;s tax provision, current and deferred tax assets and liabilities and other tax accruals requires significant management judgment. The Company intends to indefinitely reinvest undistributed earnings, if any, in its foreign subsidiaries. It is not practical at this time to determine the income tax liability related to any remaining undistributed earnings.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 13<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480990/946-20-50-13<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//740/tableOfContent<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 14<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-14<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 21<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-21<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 270<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482526/740-270-50-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 17<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-17<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I.5.Q1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 11.C)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482603/740-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>37
<FILENAME>R18.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997481728">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">Commitments and Contingencies</a></td>
<td class="text">Commitments and Contingencies<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Guarantees/Indemnifications</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, the Company had various letters of credit outstanding totaling $96.0&#160;million, consisting of $53.4&#160;million to support the Employee Housing Bonds; $6.4&#160;million to support bonds issued by Holland Creek Metropolitan District; and $36.2&#160;million primarily for workers&#8217; compensation, a wind energy purchase agreement and insurance-related deductibles, as well as other standby letters of credit. The Company also had surety bonds of $9.5&#160;million as of July&#160;31, 2024, primarily to provide collateral for its U.S. workers compensation self-insurance programs.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the guarantees noted above, the Company has entered into contracts in the normal course of business that include certain indemnifications under which it could be required to make payments to third parties upon the occurrence or non-occurrence of certain future events. These indemnities include indemnities related to licensees in connection with third-parties&#8217; use of the Company&#8217;s trademarks and logos, liabilities associated with the infringement of other parties&#8217; technology and software products, liabilities associated with the use of easements, liabilities associated with employment of contract workers and the Company&#8217;s use of trustees, and liabilities associated with the Company&#8217;s use of public lands and environmental matters. The duration of these indemnities generally is indefinite and generally do not limit the future payments the Company could be obligated to make.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As permitted under applicable law, the Company and certain of its subsidiaries have agreed to indemnify their directors and officers over their lifetimes for certain events or occurrences while the officer or director is, or was, serving the Company or its subsidiaries in such a capacity. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has a director and officer insurance policy that should enable the Company to recover a portion of any amounts paid.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unless otherwise noted, the Company has not recorded any significant liabilities for the letters of credit, indemnities and other guarantees noted above in the accompanying Consolidated Financial Statements, either because the Company has recorded on its Consolidated Balance Sheets the underlying liability associated with the guarantee, the guarantee is with respect to the Company&#8217;s own performance and is therefore not subject to the measurement requirements as prescribed by GAAP, or because the Company has calculated the estimated fair value of the indemnification or guarantee to be immaterial based on the current facts and circumstances that would trigger a payment under the indemnification clause. In addition, with respect to certain indemnifications it is not possible to determine the maximum potential amount of liability under these potential obligations due </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to the unique set of facts and circumstances likely to be involved in each particular claim and indemnification provision. Historically, payments made by the Company under these obligations have not been material.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As noted above, the Company makes certain indemnifications to licensees for their use of the Company&#8217;s trademarks and logos. The Company does not record any liabilities with respect to these indemnifications.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Commitments</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The operations of Northstar are conducted on land and with operating assets owned by affiliates of EPR Properties, a real-estate investment trust, primarily under operating leases which were assumed in the acquisition of Northstar by the Company. In addition, the leases provide for the payment of percentage rent of certain gross revenues generated at the property over a revenue threshold which is incrementally adjusted annually. The initial term of the leases expires in fiscal 2027 and allows for three 10-year extensions at the Company&#8217;s option. The operations of Perisher are conducted on land under a license and lease granted by the Office of Environment and Heritage, an agency of the New South Wales government, which initially commenced in 2008, and which the Company assumed in its acquisition of Perisher. The lease and license has a term that expires in fiscal 2048 and allows for an option to renew for an additional 20 years. The lease and license provide for the payment of an initial minimum annual base rent, with annual CPI increases, and percentage rent of certain gross revenue generated at the property. The operations of Falls Creek and Hotham are conducted on land under leases granted by the Governor of the State of Victoria, Australia and its dependencies, which initially commenced in 1991 and 1992, respectively, which the Company assumed in its acquisition of Falls Creek and Hotham in April 2019. The leases have terms that expire in fiscal 2041 for Falls Creek and fiscal 2058 for Hotham, and provide for the payment of rent with both a fixed and variable component. The operations of Mad River Mountain are conducted on land under a lease granted by EPT Mad River, Inc., which initially commenced in 2005, which the Company assumed in its acquisition of Peak Resorts in September 2019. The lease has a term that expires in the year ending July&#160;31, 2035, and provides for the payment of an initial minimum annual base rent, with annual CPI increases, and percentage rent of certain gross revenue generated at the property. The operations of Laurel Mountain are conducted on land under a concessioner lease agreement with the Commonwealth of Pennsylvania, acting through the Department of Conservation and Natural Resources (&#8220;Department&#8221;), which initially commenced in 2018, which the Company assumed in its acquisition of the Seven Springs Resorts in December 2021. The agreement has a term that expires in the year ending July 31, 2052, and provides for the payment of an initial minimum annual base rent, with bi-annual CPI increases, and additional rent based on skier visits. The operations of Andermatt-Sedrun are conducted on (i) land owned by ASA as freehold or leasehold properties, including land owned by Usern Corporation, for which operations are conducted under a main framework concession agreement that expires in the year ending July 31, 2033 and provides for annual concession and administrative fee payments, and land owned by the Swiss Confederation, for which operations are conducted under leasehold agreements which expire in the years ending July 31, 2067 and 2068; (ii) land owned by the municipality of Tujetsch, for which operations are conducted under various building rights and rights of way which expire in the year ending July 31, 2033 and provide for annual concession fee payments; and (iii) land owned by private property owners. Portions of our operations at Crans-Montana are located on land owned by regional Bourgeoisies, the municipality of Crans-Montana and private property owners, whereby the owners have granted building rights and/or easements for the operations. Such leasehold property rights expire between 2027 and 2094, and we will then be able to negotiate for an extension. These leasehold properties primarily relate to forest and agricultural zones for which usage is needed for the operation of the ski lifts (e.g. passing through of ski lifts or in connection with the arrival or departure stations of the ski lifts) and are spread over the entire ski resort. The transportation and ski infrastructure operations of Andermatt-Sedrun and Crans-Montana also operate under various concessions from the Federal Office of Transport, which have terms expiring in the years ending July 31, 2032 through 2047. Additionally, the Company has entered into strategic long-term season pass alliance agreements with third-party mountain resorts in which the Company has committed to pay minimum revenue guarantees over the remaining terms of these agreements.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has executed or assumed as lessee other operating leases for the rental of office and commercial space, employee residential units and land primarily through fiscal 2095. Certain of these leases have renewal terms at the Company&#8217;s option, escalation clauses, rent holidays and leasehold improvement incentives. Rent holidays and rent escalation clauses are recognized on a straight-line basis over the lease term. Leasehold improvement incentives are recorded as leasehold improvements and amortized over the shorter of their economic lives or the term of the lease. For the years ended July&#160;31, 2024, 2023 and 2022, the Company recorded lease expense (including for the lease obligations discussed above), excluding executory costs, related to these agreements of $71.7 million, $71.3 million and $61.2 million, respectively, which is included on the accompanying Consolidated Statements of Operations. See Note 4, Leases, for additional information regarding the Company&#8217;s leasing arrangements.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Self-Insurance</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is self-insured for claims under its U.S. health benefit plans and for the majority of workers&#8217; compensation claims in the U.S. Workers compensation claims in the U.S. are subject to stop loss policies. The self-insurance liability related to workers&#8217; compensation is determined actuarially based on claims filed. The self-insurance liability related to claims under the Company&#8217;s U.S. health benefit plans is determined based on analysis of actual claims. The amounts related to these claims are included as a component of accrued benefits in accounts payable and accrued liabilities (see Note 8, Supplementary Balance Sheet Information).</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Legal</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a party to various lawsuits arising in the ordinary course of business. The Company will assess the probability of an unfavorable outcome of any material litigation, claims or assessments to determine whether a liability had been incurred and whether it is probable that one or more future events will occur confirming the fact of the loss. In the event that an unfavorable outcome is determined to be probable and the amount of the loss can be reasonably estimated, the Company will establish an accrual for the litigation, claim or assessment. In addition, in the event an unfavorable outcome is determined to be less than probable, but reasonably possible, the Company will disclose an estimate of the possible loss or range of such loss; however, when a reasonable estimate cannot be made, the Company will provide disclosure to that effect. Litigation is inherently uncertain and may result in adverse rulings or decisions. Additionally, the Company may enter into settlements or be subject to judgments that may, individually or in the aggregate, have a material adverse effect on its results of operations. Accordingly, actual results could differ materially. Management believes the Company has adequate insurance coverage and/or has accrued for all loss contingencies for asserted and unasserted matters deemed to be probable and reasonably estimable losses. As of July&#160;31, 2024 and 2023, the accruals for such loss contingencies were not material individually or in the aggregate.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 440<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482648/440-10-50-4<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 450<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//450/tableOfContent<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 954<br> -SubTopic 440<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480327/954-440-50-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 440<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482648/440-10-50-4<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 440<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//440/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>38
<FILENAME>R19.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997411280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Segment Reporting [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SegmentReportingDisclosureTextBlock', window );">Segment Information</a></td>
<td class="text">Segment and Geographic Area Information<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Segment Information</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has three reportable segments: Mountain, Lodging and Real Estate. The Company refers to &#8220;Resort&#8221; as the combination of the Mountain and Lodging segments. The Mountain segment includes the operations of the Company&#8217;s mountain resorts/ski areas and related ancillary activities. The Lodging segment includes the operations of the Company&#8217;s owned hotels, RockResorts, NPS concessioner properties, condominium management, Colorado resort ground transportation operations and mountain resort golf operations. The Real Estate segment owns, develops and sells real estate in and around the Company&#8217;s resort communities. The Company&#8217;s reportable segments, although integral to the success of the others, offer distinctly different products and services and require different types of management focus. As such, these segments are managed separately.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company reports its segment results using Reported EBITDA (defined as segment net revenue less segment operating expenses, plus segment equity investment income or loss, and for the Real Estate segment, plus gain or loss on sale of real property). The Company reports segment results in a manner consistent with management&#8217;s internal reporting of operating results to the chief operating decision maker (Chief Executive Officer) for purposes of evaluating segment performance.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Items excluded from Reported EBITDA are significant components in understanding and assessing financial performance. Reported EBITDA should not be considered in isolation or as an alternative to, or substitute for, net income, net change in cash and cash equivalents or other financial statement data presented in the accompanying Consolidated Financial Statements as indicators of financial performance or liquidity.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company utilizes Reported EBITDA in evaluating the performance of the Company and in allocating resources to its segments. Mountain Reported EBITDA consists of Mountain net revenue less Mountain operating expense plus Mountain equity investment income or loss. Lodging Reported EBITDA consists of Lodging net revenue less Lodging operating expense. Real Estate Reported EBITDA consists of Real Estate net revenue less Real Estate operating expense plus gain or loss on sale of real property. All segment expenses include an allocation of corporate administrative expense. Assets are not used to evaluate performance, except as shown in the table below. The accounting policies specific to each segment are the same as those described in Note 2, Summary of Significant Accounting Policies.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents key financial information by reportable segment, which is used by management in evaluating performance and allocating resources (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net revenue:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,544,370&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,540,906&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,213,114&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">336,117&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">340,393&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">312,090&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Resort net revenue</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,880,487&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,881,299&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,525,204&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,704&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,065&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">708&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net revenue</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,885,191&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,889,364&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,525,912&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Segment operating expense:</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,743,351&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,718,941&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,404,527&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">313,099&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">328,126&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">286,343&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Resort operating expense</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,056,450&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,047,067&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,690,870&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,514&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,635&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,911&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total segment operating expense</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,065,964&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,057,702&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,696,781&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain on sale of real property</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,285&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">842&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain equity investment income, net</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,053&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,580&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reported EBITDA:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">802,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">822,570&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">811,167&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,018&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,267&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,747&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Resort</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">825,090&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">834,837&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">836,914&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,475&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,728)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,927)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Reported EBITDA</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">826,565&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">833,109&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">832,987&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate held for sale or investment</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86,548&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,207&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95,983&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reconciliation of net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230,405&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,148&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">347,923&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,874&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,955&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,414&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,279&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,103&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">368,337&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98,816&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,414&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,824&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income before provision for income taxes</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">345,095&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">373,517&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">457,161&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,493&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,501&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252,391&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss (gain) on disposal of fixed assets and other, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,633&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,070&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(43,992)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value of contingent consideration</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47,957&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,836&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,280&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment income and other, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,592)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,744)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,718)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign currency loss on intercompany loans</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,140&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,907&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,682&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161,839&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">153,022&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">148,183&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Reported EBITDA</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">826,565&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">833,109&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">832,987&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt;padding-left:13.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> During the year ended July 31, 2022, the Company recognized a gain of $32.2&#160;million from the sale of a hotel property in Breckenridge.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Geographic Information</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net revenue and long-lived assets, excluding financial instruments and deferred tax assets, by geographic region are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:51.694%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.635%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.635%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.636%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net revenue</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,386,749&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,366,342&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,228,708&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">International </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">498,442&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">523,022&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">297,204&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net revenue</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,885,191&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,889,364&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,525,912&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Long-lived assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,858,275&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,853,758&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">International </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,925,108&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882,018&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total long-lived assets</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,783,383&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,735,776&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The only individual international country (i.e. except the U.S.) to account for more than 10% of the Company&#8217;s net revenue was Canada. Canada accounted for $326.2&#160;million and $321.7&#160;million of net revenue for the year ended July&#160;31, 2024 and 2023, respectively. For the year ended July 31, 2022, no individual international country accounted for more than 10% of the Company&#8217;s net revenue.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The only individual international country to account for more than 10% of the Company&#8217;s long-lived assets was Canada. Canada accounted for $1,373.8 million and $1,446.0 million of long-lived assets as of July&#160;31, 2024 and 2023, respectively.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 42<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 40<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//280/tableOfContent<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 26<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 34<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 41<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 21<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 21<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (e)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>39
<FILENAME>R20.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997438464">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock Repurchase Plan<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfEquityAbstract', window );"><strong>Payments for Repurchase of Equity [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfTreasuryStockByClassTextBlock', window );">Stock Repurchase Plan</a></td>
<td class="text">Share Repurchase Program<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March&#160;9, 2006, the Company&#8217;s Board of Directors approved a share repurchase program, authorizing the Company to repurchase up to 3,000,000 Vail Shares. On July 16, 2008, December 4, 2015 and March 7, 2023, the Company&#8217;s Board of Directors increased the authorization by an additional 3,000,000, 1,500,000 and 2,500,000 Vail Shares, respectively, for a total authorization to repurchase up to 10,000,000 Vail Shares. During the years ended July&#160;31, 2024, 2023 and 2022, the Company repurchased 721,378, 2,182,594 and 304,567 Vail Shares, respectively (at a total cost of $150.0&#160;million, $500.0 million and $75.0 million, respectively, excluding accrued excise tax, as discussed further below). Since inception of this stock repurchase program through July&#160;31, 2024, the Company has repurchased 9,369,680 shares at a cost of approximately $1,129.4 million. As of July&#160;31, 2024, 630,320 Vail Shares remained available to repurchase under the existing share repurchase program. On September 25, 2024, the Company&#8217;s Board of Directors approved an increase in the number of shares authorized to be repurchased under the share repurchase program by an additional 1,100,000 Vail Shares. As a result, 1,730,320 Vail Shares are available to repurchase under the share repurchase program, which has no expiration date. Vail Shares purchased pursuant to the repurchase program will be held as treasury shares and may be used for issuance under the Company&#8217;s employee share award plan.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 16, 2022 the U.S. government enacted the Inflation Reduction Act of 2022, which imposed a 1.0% excise tax on share repurchases (net of estimated share issuances) made after December 31, 2022. As a result, the Company accrued approximately $1.4 million and $4.9 million of excise tax in connection with the share repurchases it completed during the years ended July&#160;31, 2024 and 2023, which was recorded as an adjustment to the cost basis of repurchased shares in treasury stock and accounts payable and accrued liabilities on the Company&#8217;s Consolidated Balance Sheets as of July&#160;31, 2024 and 2023.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfTreasuryStockByClassTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481520/505-30-50-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481520/505-30-50-3<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481520/505-30-50-4<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfTreasuryStockByClassTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>40
<FILENAME>R21.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259988930272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock Compensation Plan<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Share-Based Payment Arrangement [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock', window );">Stock Compensation Plan</a></td>
<td class="text">Stock Compensation Plan<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has a share award plan (the &#8220;Plan&#8221;) which has been approved by the Company&#8217;s stockholders. Under the Plan, up to 4.4 million shares of common stock could be issued in the form of options, stock appreciation rights, restricted shares, restricted share units, performance shares, performance share units, dividend equivalents or other share-based awards to employees, directors or consultants of the Company or its subsidiaries or affiliates. The terms of awards granted under the Plan, including exercise price, vesting period and life, are set by the Compensation Committee of the Board of Directors. All share-</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">based awards (except for restricted shares and restricted share units) granted under the Plan have a life of ten years. Most awards vest ratably over three years; however, some have been granted with different vesting schedules. Of the awards outstanding, none have been granted to non-employees (except those granted to non-employee members of the Board of Directors of the Company) under the Plan. At July&#160;31, 2024, approximately 1.8 million share-based awards were available to be granted under the Plan.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The fair value of stock-settled stock appreciation rights (&#8220;SARs&#8221;) granted in the years ended July&#160;31, 2024, 2023 and 2022 were estimated on the date of grant using a lattice-based option valuation model that applies the assumptions noted in the table below. A lattice-based model considers factors such as exercise behavior, and assumes employees will exercise equity awards at different times over the contractual life of the equity awards. As a lattice-based model considers these factors, and is more flexible, the Company considers it to be a better method of valuing equity awards than a closed-form Black-Scholes model. Because lattice-based option valuation models incorporate ranges of assumptions for inputs, those ranges are disclosed. Expected volatility is based on historical volatility of the Company&#8217;s stock. The Company uses historical data to estimate equity award exercises and employee terminations within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The expected term of equity awards granted is derived from the output of the option valuation model and represents the period of time that equity awards granted are expected to be outstanding; the range given below results from certain groups of employees exhibiting different behavior. The risk-free rate for periods within the contractual life of the equity award is based on the United States Treasury yield curve in effect at the time of grant.</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected volatility</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30.0%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30.0%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31.0%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected dividend yield</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.4%</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2%</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.1%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected term (average in years)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.4-6.7</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.5-6.8</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.4-6.8</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk-free rate</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.0-5.4%</span></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.7-3.0%</span></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1-1.2%</span></div></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company records actual forfeitures related to unvested awards upon employee terminations. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of aggregate SARs award activity under the Plan as of July&#160;31, 2024, 2023 and 2022, and changes during the years then ended is presented below (in thousands, except exercise price and contractual term):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:35.649%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.712%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.712%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.712%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.715%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Awards</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Exercise Price</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Remaining<br/>Contractual Term</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Aggregate<br/>Intrinsic<br/>Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2021</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">873&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">181.17&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">360.69&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercised</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(278)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93.32&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited or expired</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">271.04&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2022</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">679&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">241.13&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">220.73&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercised</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(92)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">222.14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited or expired</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(53)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">280.09&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2023</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">710&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">235.69&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">181&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">226.71&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercised</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">197.88&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited or expired</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(125)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">244.56&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2024</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">751&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">232.81&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.0 years</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,049&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vested and expected to vest at July 31, 2024</span></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">741&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">232.88&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.9 years</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,049&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercisable at July 31, 2024</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">497&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230.76&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.6 years</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,049&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The weighted-average grant-date estimated fair value of SARs granted during the years ended July&#160;31, 2024, 2023 and 2022 was $60.03, $55.37 and $96.20, respectively. The total intrinsic value of SARs exercised during the years ended July&#160;31, 2024, 2023 and 2022 was $0.5 million, $3.0 million and $69.1 million, respectively. The Company had 119,000, 120,000 and 160,000 SARs that vested during the years ended July&#160;31, 2024, 2023 and 2022, respectively.&#160;These awards had total estimated fair </span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">values of $0.9 million, $0.0 million (due to the exercise prices exceeding the market prices at the date of vesting) and $16.2&#160;million at the date of vesting for the years ended July&#160;31, 2024, 2023 and 2022, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of the status of the Company&#8217;s nonvested SARs as of July&#160;31, 2024 and changes during the year then ended is presented below (in thousands, except fair value amounts):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.812%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.445%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Awards</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Grant-Date<br/>Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2023</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">251</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62.96&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">181</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60.03&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vested</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(119)</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62.88&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(60)</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63.21&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2024</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">253</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60.73&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of the status of the Company&#8217;s nonvested restricted share units as of July&#160;31, 2024 and changes during the year then ended is presented below (in thousands, except fair value amounts):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:63.760%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.469%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.471%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Awards</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Grant-Date<br/>Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2023</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">169</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227.87&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">204.68&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vested</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(80)</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">232.56&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(27)</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">213.55&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2024</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">194</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">212.14&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company granted 132,000 restricted share units during the year ended July&#160;31, 2024 with a weighted-average grant-date estimated fair value of $204.68. The Company granted 127,000 restricted share units during the year ended July&#160;31, 2023 with a weighted-average grant-date estimated fair value of $199.14. The Company granted 68,000 restricted share units during the year ended July&#160;31, 2022 with a weighted-average grant-date estimated fair value of $336.57. The Company had 80,000, 63,000 and 68,000 restricted share units that vested during the years ended July&#160;31, 2024, 2023 and 2022, respectively. These units had a total estimated fair value of $18.4 million, $13.3 million and $23.7 million at the date of vesting for the years ended July&#160;31, 2024, 2023 and 2022, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of July&#160;31, 2024, there was $33.9 million of total unrecognized compensation expense related to nonvested share-based compensation arrangements granted under the Plan, of which $20.3 million, $11.8 million and $1.8 million of expense is expected to be recognized in the years ending July&#160;31, 2025, 2026 and 2027, respectively, assuming no share-based awards are granted in the future or forfeited. The tax benefit realized or expected to be realized from SARs exercised and restricted stock units vested was $0.8 million, $2.5 million and $23.0 million for the years ended July&#160;31, 2024, 2023 and 2022, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has a policy of using either authorized and unissued shares, including shares acquired by purchase in the open market, to satisfy equity award exercises.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//718/tableOfContent<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(2)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (l)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>41
<FILENAME>R22.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997429824">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Retirement and Profit Sharing Plans<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CompensationAndRetirementDisclosureAbstract', window );"><strong>Retirement Benefits [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_RetirementAndProfitSharingTextBlock', window );">Retirement and Profit Sharing Plans</a></td>
<td class="text">Retirement and Profit Sharing Plans<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains a defined contribution retirement plan (the &#8220;Retirement Plan&#8221;), qualified under Section&#160;401(k) of the Internal Revenue Code, for its U.S. employees. Under this Retirement Plan, U.S. employees are eligible to make before-tax contributions on the first day of the calendar month following the later of: (i)&#160;their employment commencement date or (ii)&#160;the date they turn 21. Participants may contribute&#160;up to 100%&#160;of their qualifying annual compensation up to the annual maximum specified by the Internal Revenue Code. When the Company participates in 401(k) contribution matching, it matches an amount equal to 50% of each participant&#8217;s contribution up to 6% of a participant&#8217;s bi-weekly&#160;qualifying compensation starting the pay period containing the first day of the month after obtaining the later of: (i)&#160;12 months of employment with at least 1,000 service hours from the commencement date or (ii) if 1,000 hours within the first 12 months was not completed, then after the employee completed a cumulative&#160;1,500 service hours. The Company&#8217;s matching contribution is entirely discretionary and may be reduced or eliminated at any time.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total Retirement Plan expense recognized by the Company for the years ended July&#160;31, 2024, 2023 and 2022 was $10.8&#160;million, $9.8 million and $8.5 million, respectively.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_RetirementAndProfitSharingTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Entire disclosure for defined contribtuion plan. A defined contribution plan provides benefits in return for services rendered, provides an individual account for each participant, and has terms that specify how contributions to the individual's account are to be determined rather than the amount of benefits the individual is to receive. Disclosure includes a description of the terms and benefits provided by the employer's defined contribution plans.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_RetirementAndProfitSharingTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CompensationAndRetirementDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CompensationAndRetirementDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>42
<FILENAME>R23.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989797424">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ConsolidationPolicyTextBlock', window );">Principles of Consolidation</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Principles of Consolidation &#8212; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying Consolidated Financial Statements include the accounts of the Company and its consolidated subsidiaries for which the Company has a controlling financial interest. Investments in which the Company does not have a controlling financial interest, but has significant influence, are accounted for under the equity method. All significant intercompany transactions have been eliminated in consolidation.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPolicyTextBlock', window );">Cash and Cash Equivalents</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Cash and Cash Equivalents &#8212; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company considers all highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_TradeAndOtherAccountsReceivablePolicy', window );">Accounts Receivable</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounts Receivable &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company records trade accounts receivable in the normal course of business related to the sale of products or services. The allowance for doubtful accounts is based on a specific reserve analysis and on a percentage of accounts receivable and takes into consideration such factors as historical write-offs, the economic climate and other factors that could affect collectability. Write-offs are evaluated on a case by case basis.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InventoryPolicyTextBlock', window );">Inventories</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Inventories &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company&#8217;s inventories consist primarily of purchased retail goods, food and beverage items and spare parts. Inventories are stated at the lower of cost or net realizable value, determined using primarily an average weighted cost method. The Company records a reserve for estimated shrinkage and obsolete or unusable inventory.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock', window );">Property, Plant and Equipment</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Property, Plant and Equipment &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Property, plant and equipment is carried at cost net of accumulated depreciation. Costs of repairs and maintenance are expensed as incurred. Expenditures that improve the functionality of the related asset or extend the useful life are capitalized. When property, plant and equipment is retired or otherwise disposed of, the related gain or loss is included in income from operations. Leasehold improvements are amortized on the straight-line method over the shorter of the remaining lease term or estimated useful life of the asset. Depreciation is calculated on the straight-line method, including property, plant and equipment under finance leases, generally based on the following useful lives:</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:76.465%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.335%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated&#160;Life<br/>in Years</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land improvements</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10-35</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Buildings and building improvements</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7-30</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Machinery and equipment</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2-30</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Furniture and fixtures</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3-10</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Software</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vehicles</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3-10</span></div></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy', window );">Real Estate Held for Sale and Investment</a></td>
<td class="text"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Real Estate Held for Sale or Investment &#8212;</span> The Company capitalizes as real estate held for sale or investment the original land acquisition cost, direct construction and development costs, property taxes, interest paid and other related costs related to real estate under development. Sales and marketing expenses are charged against income in the period incurred.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredChargesPolicyTextBlock', window );">Deferred Financing Costs</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Deferred Financing Costs &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Certain costs incurred with the issuance of debt and debt securities are capitalized and included as a reduction in the net carrying value of long-term debt, net of accumulated amortization, with the exception of costs incurred related to line-of-credit arrangements, which are included in deferred charges and other assets, net of accumulated amortization. Amortization of such deferred financing costs are recorded to interest expense, net on the Company&#8217;s Consolidated Statements of Operations over the respective term of the applicable debt instruments. When debt is extinguished prior to its maturity date, the amortization of the remaining unamortized deferred financing costs, or pro-rata portion thereof, is charged to loss on extinguishment of debt.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock', window );">Goodwill and Intangible Assets</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Goodwill and Intangible Assets &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company has classified as goodwill the cost in excess of estimated fair value of the net assets of businesses acquired in purchase transactions. The Company&#8217;s major intangible asset classes are trademarks, water rights, customer lists, property management contracts and Forest Service permits. Goodwill and various indefinite-lived intangible assets, including certain trademarks, water rights and certain property management contracts, are not amortized but are subject to at least annual impairment testing. The Company tests these non-amortizing assets annually (or more often, if necessary) for impairment as of May&#160;1. Definite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the testing of goodwill and other indefinite-lived intangible assets for impairment, the Company may perform a qualitative analysis to determine whether it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset exceeds the carrying amount, which includes an evaluation as to whether there have been significant changes to macro-economic factors related to the reporting unit or intangible asset that could materially impact fair value. If it is determined, based on qualitative factors, that the fair value of the reporting unit or indefinite-lived intangible asset is more likely than not less than carrying amount, or if significant changes to macro-economic factors related to the reporting unit or intangible asset have occurred that could materially impact estimated fair values since the previous quantitative analysis was performed, a quantitative impairment test would be required, in which the Company would determine the estimated fair value of its reporting units using discounted cash flow analyses and determine the estimated fair value of its indefinite-lived intangible assets using an income approach. The quantitative test for impairment consists of a comparison of the estimated fair value of the assets with their respective net carrying values. If the net carrying amount of the assets exceed their respective estimated fair values, an impairment loss would be recognized for indefinite-lived intangibles, including goodwill, in an amount equal to that excess. If the net carrying amount of the assets does not exceed their respective estimated fair values, no impairment loss is recognized. The Company determined that there were no impairments of goodwill or definite and indefinite-lived assets for the years ended July&#160;31, 2024, 2023 and 2022.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock', window );">Long-lived Assets</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Long-Lived Assets &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company evaluates potential impairment of long-lived assets and long-lived assets to be disposed of whenever events or changes in circumstances indicate that the net carrying amount of an asset group may not be fully recoverable. If the sum of the expected cash flows, on an undiscounted basis, is less than the net carrying amount of the asset group, an impairment loss is recognized in the amount by which the net carrying amount of the asset group exceeds its estimated fair value. The Company determined that there were no impairments of long-lived assets for the years ended July&#160;31, 2024, 2023 and 2022.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RevenueRecognitionPolicyTextBlock', window );">Revenue Recognition</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue Recognition</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following provides information about the Company&#8217;s composition of revenue recognized from contracts with customers and other revenues, the performance obligations under those contracts, and the significant judgments made in accounting for those contracts:</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Mountain revenue is derived from a wide variety of sources, including, among other things: lift revenue, which includes sales of lift tickets and pass products; ski school revenue, which includes the revenue derived from ski school operations; dining revenue, which includes both casual and fine dining on-mountain operations; retail sales and equipment rentals; and other on-mountain revenue, which includes private ski club revenue (which includes both club dues and amortization of initiation fees), marketing revenue, municipal services and lodging and transportation operations at the Company&#8217;s Australian ski areas. The Company also includes other sources of revenue, primarily related to commercial leasing and employee housing leasing arrangements, within other mountain revenue. Revenue is recognized over time as performance obligations are satisfied as control of the good or service (e.g. access to ski areas, provision of ski school services, etc.) is transferred to the customer, except for the Company&#8217;s retail sales and dining operations revenues which are recognized at a point in time when performance obligations are satisfied by transferring control of the underlying goods to the customer. The Company records deferred revenue primarily related to the sale of pass products. Deferred revenue is generally recognized throughout the ski season as the Company&#8217;s performance obligations are satisfied as control of the service (e.g. access to ski areas throughout the ski season) is transferred to the customer. 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, which is based on the number of skiable days in the ski season relative to the estimated total skiable days in the ski season, and 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 relative to the remaining services promised under the contract. </span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Epic Coverage is included with the purchase of all pass products for no additional charge, and offers refunds if certain personal or resort closure events occur before or during the ski season. The estimated amount of refunds reduce the amount of pass product revenue recognized by the Company, and is remeasured at each reporting date.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Epic Mountain Rewards provides pass product holders a discount on ancillary purchases at the Company&#8217;s North American owned and operated Resorts. Epic Mountain Rewards constitutes an option to purchase additional products and services at a discount, and as a result, the Company allocates a portion of the pass product transaction price to these other lines of business which is recorded as revenue as discounts occur.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Lodging revenue is derived from a wide variety of sources, including, among other things: revenue from owned hotel rooms and managed hotel rooms; revenue from hotel dining operations; transportation revenue which relates to the Company&#8217;s Colorado resort ground transportation operations; and other lodging revenue which includes property management services, managed properties other costs reimbursements, private golf club revenue (which includes both club dues and amortization of initiation fees) and golf course fees. Lodging revenue also includes managed hotel property payroll cost reimbursements related to payroll costs at managed properties where the Company is the employer, which are reimbursed by the owner with no added margin. Therefore, these revenues and corresponding expenses have no net effect on the Company&#8217;s operating income or net income. Other than revenue from dining operations, lodging revenue is mostly recognized over time as performance obligations are satisfied as control of the service (e.g. nightly hotel room access) is transferred to the customer.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Real estate revenue primarily relates to the sale of development land parcels. Real estate revenue is generally recognized at a point in time when performance obligations have been satisfied, which is usually upon closing of the sales transaction and in an amount that reflects the consideration to which the Company expects to be entitled.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For certain contracts that have an original term length of one year or less, the Company uses the practical expedient applicable to such contracts and does not consider the time value of money. For contracts with an expected term in excess of one year, the Company has considered whether such contracts may contain a financing component. Taxes collected from customers and remitted to governmental authorities are generally excluded from revenue on the accompanying Consolidated Statements of Operations.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RealEstatePolicyTextBlock', window );">Real Estate Cost of Sales</a></td>
<td class="text"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Real Estate Cost of Sales &#8212;</span> Costs of real estate transactions include direct project costs, common cost allocations (primarily determined on relative sales value) and sales commission expense. The Company utilizes the relative sales value method to determine cost of sales for condominium units sold within a project when specific identification of costs cannot be reasonably determined.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock', window );">Foreign Currency Transactions and Translations Policy [Policy Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Foreign Currency Translation &#8212; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The functional currency of the Company&#8217;s entities operating outside of the United States is the principal currency of the economic environment in which the entity primarily generates and expends cash, which is generally the local currency. The assets and liabilities of these foreign operations are translated at the exchange rate in effect as of the balance sheet dates. Income and expense items are translated using the average exchange rate for the period. Translation adjustments from currency exchange, including intercompany transactions of a long-term nature, are recorded in accumulated other comprehensive (loss) income as a separate component of stockholders&#8217; equity. Intercompany transactions that are not of a long-term nature are reported as gains and losses within &#8220;segment operating expense&#8221; and for intercompany loans within &#8220;foreign currency loss on intercompany loans&#8221; on the Company&#8217;s Consolidated Statements of Operations.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LiabilityReserveEstimatePolicy', window );">Reserve Estimates</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reserve Estimates &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company uses estimates to record reserves for certain liabilities, including medical claims, workers&#8217; compensation claims, third-party loss contingencies and property taxes, among other items. The Company estimates the probable costs related to these liabilities that will be incurred and records that amount as a liability in its Consolidated Financial Statements. Additionally, the Company records, as applicable, receivables related to insurance recoveries for loss contingencies if deemed probable of recovery. These estimates are reviewed and adjusted as the facts and circumstances change. The Company records legal costs related to defending claims as they are incurred.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AdvertisingCostsPolicyTextBlock', window );">Advertising Costs</a></td>
<td class="text"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Advertising Costs &#8212;</span> Advertising costs are expensed at the time such advertising commences. Advertising expense for the years ended July&#160;31, 2024, 2023 and 2022 was $49.8 million, $47.2 million and $47.7 million, respectively, and was recorded within Mountain and Lodging operating expense on the Company&#8217;s Consolidated Statement of Operations.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxPolicyTextBlock', window );">Income Taxes</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Taxes &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Income tax expense includes U.S. (federal and state) and foreign income taxes. The Company&#8217;s provision for income taxes is based on pre-tax income, changes in deferred tax assets and liabilities and changes in estimates with regard to uncertain tax positions. Deferred tax assets and liabilities are recorded for the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported in the accompanying Consolidated Balance Sheets and for operating loss and tax credit carrybacks or carryforwards. The change in deferred tax assets and liabilities for the period measures the deferred tax provision or benefit for the period. Effects of changes in enacted tax laws on deferred tax assets and liabilities are reflected as adjustments to the tax provision or benefit in the period of enactment. The Company&#8217;s deferred tax assets have been reduced by a valuation allowance to the extent it is deemed to be more likely than not that some or </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">all of the deferred tax assets will not be realized. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is &#8220;more-likely-than-not&#8221; to be sustained, on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the largest tax benefit that is cumulatively greater than 50% likely of being realized upon ultimate settlement. Interest and penalties accrued in connection with uncertain tax positions are recognized as a component of income tax expense. See Note 10, Income Taxes, for more information.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FairValueOfFinancialInstrumentsPolicy', window );">Fair Value of Financial Instruments</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Fair Value of Financial Instruments </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8212; The estimated fair values of the 6.50% Notes and the 0.0% Convertible Notes (each as defined in Note 6, Long-Term Debt) are based on quoted market prices (a Level 2 input). The estimated fair value of the EPR Secured Notes and the NRP Loan (both as defined in Note 6, Long-Term Debt) have been estimated using analyses based on current borrowing rates for comparable debt instruments with similar maturity dates (a Level 2 input). The carrying values, including any unamortized premium or discount, and estimated fair values of the 6.50% Notes, 0.0% Convertible Notes, EPR Secured Notes and NRP Loan as of July&#160;31, 2024 are presented below (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:59.724%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.487%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.489%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.50% Notes</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">600,000&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">614,982&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.0% Convertible Notes</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">575,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">530,311&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">EPR Secured Notes</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">130,899&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">182,926&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NRP Loan</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,305&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,809&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The carrying values for all other material financial instruments not included in the above table approximate their respective fair value due to their short-term nature or the variable nature of their associated interest rates.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy', window );">Stock-Based Compensation</a></td>
<td class="text"><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Stock-Based Compensation &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Stock-based compensation expense is measured at the grant date based upon the estimated fair value of the award and is recognized as expense over the applicable vesting period of the award generally using the straight-line method (see Note 14, Stock Compensation Plan, for more information). Forfeitures are recorded as they occur. The following table shows total net stock-based compensation expense for the years ended July&#160;31, 2024, 2023 and 2022 included on the accompanying Consolidated Statements of Operations (in thousands):</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain stock-based compensation expense</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,234&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,242&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,892&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging stock-based compensation expense</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,349&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,972&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,737&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate stock-based compensation expense</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">220&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">195&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">256&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-tax stock-based compensation expense</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,803&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,409&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,885&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: benefit from income taxes</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,157&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,951&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,189&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net stock-based compensation expense</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,646&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,458&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,696&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ConcentrationOfCreditRiskPolicyTextBlock', window );">Concentration of Credit Risk</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company&#8217;s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and restricted cash. The Company places its cash and cash investments in accounts with high-quality credit institutions. The Company does not enter into financial instruments for trading or speculative purposes. Concentration of credit risk with respect to accounts and notes receivables is limited due to the wide variety of customers and markets in which the Company conducts business, as well as their dispersion across many geographical areas. The Company performs ongoing credit evaluations of its customers and generally does not require collateral, but does require advance deposits on certain transactions.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock', window );">Derivative Instruments and Hedging Activities Disclosure [Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounting for Hedging Instruments &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> From time to time, the Company enters into interest rate swaps to hedge the variability in cash flows associated with variable-rate borrowings by converting the floating interest rate to a fixed interest rate (the &#8220;Interest Rate Swaps&#8221;). As of July&#160;31, 2024, the Company hedged the future cash flows associated with $400.0 million of the principal amount outstanding of its Vail Holdings Credit Agreement (as defined in Note 6, Long-Term Debt), which were designated as cash flow hedges. These interest rate swaps expired on September 23, 2024.The accounting for changes in fair value of hedging instruments depends on the effectiveness of the hedge. In order to qualify for hedge accounting, the underlying hedged item must expose the Company to risks associated with market fluctuations and the financial instrument used must reduce the Company&#8217;s exposure to market fluctuation throughout the hedge period. Changes in estimated fair value of the Interest Rate Swaps are recorded within change in estimated fair value of hedging instruments, net of tax, on the </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company&#8217;s Consolidated Statements of Comprehensive Income, and such change was recorded as a (loss) gain of $(11.1)&#160;million, $3.7&#160;million and $18.9&#160;million during the years ended July&#160;31, 2024, 2023 and 2022, respectively. Amounts are reclassified into interest expense, net from other comprehensive income during the period in which the hedged item affects earnings. During the years ended July&#160;31, 2024, 2023 and 2022, gains (losses) of $16.1&#160;million, $11.0&#160;million and $(4.3)&#160;million, respectively, were reclassified into interest expense, net from other comprehensive income. See Note 9, Fair Value Measurements, for more information.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeLeasesPolicyTextBlock', window );">Lessee, Leases [Policy Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Leases &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there is one or more assets identified and the right to control the use of any identified asset is conveyed to the Company for a period of time in exchange for consideration. Control over the use of an identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. Generally, the Company classifies a lease as a finance lease if the terms of the agreement effectively transfer control of the underlying asset; otherwise, it is classified as an operating lease.&#160;For contracts that contain lease and non-lease components, the Company accounts for these components separately. For leases with terms greater than twelve months, the associated lease right-of-use (&#8220;ROU&#8221;) assets and lease liabilities are recognized at the estimated present value of future lease payments over the lease term at commencement date. The Company&#8217;s leases do not provide a readily determinable implicit rate; therefore, the Company uses an estimated incremental borrowing rate to discount the future minimum lease payments. For leases containing fixed rental escalation clauses, the escalators are factored into the determination of future minimum lease payments. The Company includes options to extend a lease when it is reasonably certain that such options will be exercised. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. See&#160;Note 4, Leases, for more information.</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_UseOfEstimates', window );">Use of Estimates, Policy [Policy Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates &#8212;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock', window );">New Accounting Pronouncements, Policy [Policy Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Standards Being Evaluated</span></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock', window );">New Accounting Standards</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recently Issued Accounting Standards</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Standards Being Evaluated</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In November 2023, the Financial Accounting Standards Board (the &#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2023-07, &#8220;Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,&#8221; which is intended to improve reportable segment disclosures, primarily through incorporating enhanced segment disclosure requirements set forth by the Securities and Exchange Commission into U.S. GAAP. The enhanced disclosures will primarily require public entities to include specific disclosures regarding &#8220;significant expenses&#8221; that are regularly provided to or easily computed from information provided to the chief operating decision maker (&#8220;CODM&#8221;) and included within segment profit and loss. This ASU also requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 (the Company&#8217;s fiscal year ending July 31, 2025), and interim periods within fiscal years beginning after December 15, 2024 (the Company&#8217;s fiscal quarter ending October 31, 2025), with early adoption permitted. The Company will adopt the standard during the fourth quarter of its fiscal year ending July 31, 2025 and is in the process of evaluating the effect that the adoption of this standard will have on its Consolidated Financial Statements.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2023, the FASB issued ASU 2023-09, &#8220;Income Taxes (Topic 740): Improvements to Income Tax Disclosures,&#8221; which includes amendments that further enhance the transparency and decision usefulness of income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. This update is effective for annual periods beginning after December 15, 2024 (the Company&#8217;s fiscal year ending July 31, 2026), though early adoption is permitted. The Company is in the process of evaluating the effect that the adoption of this standard will have on its Consolidated Financial Statements, including determining the timing of adoption.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ConcentrationOfCreditRiskPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ConcentrationOfCreditRiskPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdvertisingCostsPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for advertising cost.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -SubTopic 35<br> -Topic 720<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483406/720-35-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdvertisingCostsPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482913/230-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidationPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483426/235-10-50-4<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidationPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredChargesPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for deferral and amortization of significant deferred charges.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredChargesPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480237/815-40-50-5<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5C<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5C<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 815<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//815/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOfFinancialInstrumentsPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for determining the fair value of financial instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 60<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 820<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482053/820-10-60-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 825<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOfFinancialInstrumentsPolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//830/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 30<br> -Topic 350<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 360<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 5.CC)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480091/360-10-S99-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 05<br> -Paragraph 4<br> -SubTopic 10<br> -Topic 360<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482338/360-10-05-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-03(h)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 17<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-17<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 25<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-25<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-28<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 19<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-19<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-1<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 20<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-20<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483489/210-10-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(6)(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483426/235-10-50-4<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 912<br> -SubTopic 330<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482105/912-330-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 330<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//330/tableOfContent<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 330<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483080/330-10-50-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 330<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483080/330-10-50-4<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 6<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 270<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482989/270-10-45-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeLeasesPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for leasing arrangement entered into by lessee.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeLeasesPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityReserveEstimatePolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for estimating its liability as of the balance sheet date for the ultimate cost of settling reported and unreported claims incurred and claims adjustment expenses (including effects of inflation and other societal and economic factors).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Publisher FASB<br> -URI https://asc.fasb.org//944-40/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilityReserveEstimatePolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(ii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(iii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(iv)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 5<br> -Subparagraph (SAB Topic 11.M.Q2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480530/250-10-S99-5<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (i)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 5<br> -Subparagraph (f)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479832/842-10-65-5<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 5<br> -Subparagraph (f)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479832/842-10-65-5<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (c)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-2<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-2<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (c)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-2<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 848<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483550/848-10-65-2<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 105<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 8<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 8<br> -Subparagraph (e)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 8<br> -Subparagraph (e)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482833/825-10-65-6<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (e)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482833/825-10-65-6<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 6<br> -Subparagraph (e)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482833/825-10-65-6<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 326<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 4<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479654/326-10-65-4<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 326<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 4<br> -Subparagraph (e)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479654/326-10-65-4<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 926<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (f)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483194/926-20-65-2<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 926<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (f)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483194/926-20-65-2<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 926<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (f)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483194/926-20-65-2<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480530/250-10-S99-6<br><br>Reference 29: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Topic 250<br> -Publisher FASB<br> -URI https://asc.fasb.org//250/tableOfContent<br><br>Reference 32: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 33: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (d)(1)<br> -SubTopic 20<br> -Topic 310<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481925/310-20-65-2<br><br>Reference 34: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (d)(2)<br> -SubTopic 20<br> -Topic 310<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481925/310-20-65-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 360<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8)(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -SubTopic 360<br> -Topic 958<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -SubTopic 360<br> -Topic 958<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for real estate held for development or sale.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 35<br> -Paragraph 3<br> -SubTopic 360<br> -Topic 970<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482232/970-360-35-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateHeldForDevelopmentAndSalePolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstatePolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for entities that primarily develop and then sell real property at retail or otherwise.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 15<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482960/835-20-15-8<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 05<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 970<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482170/970-10-05-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstatePolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenueRecognitionPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for revenue. Includes revenue from contract with customer and from other sources.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483426/235-10-50-4<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (e)<br> -SubTopic 10<br> -Topic 235<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483426/235-10-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenueRecognitionPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for award under share-based payment arrangement. Includes, but is not limited to, methodology and assumption used in measuring cost.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(ii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(v)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 14.C.Q3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 14.D.1.Q5)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 14.D.3.Q2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 14.D.2.Q6)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//718/tableOfContent<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TradeAndOtherAccountsReceivablePolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for accounts receivable.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 310<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481962/310-10-50-2<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 310<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481569/310-20-50-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11B<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 310<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 310<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481962/310-10-50-1<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -SubTopic 10<br> -Topic 310<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481962/310-10-50-6<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15<br> -Subparagraph (d)<br> -SubTopic 10<br> -Topic 310<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481962/310-10-50-15<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TradeAndOtherAccountsReceivablePolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UseOfEstimates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482861/275-10-50-9<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482861/275-10-50-4<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 275<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482861/275-10-50-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -SubTopic 10<br> -Topic 275<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482861/275-10-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -SubTopic 10<br> -Topic 275<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482861/275-10-50-11<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -SubTopic 10<br> -Topic 275<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482861/275-10-50-12<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482861/275-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UseOfEstimates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>43
<FILENAME>R24.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997287328">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock', window );">Summary On Estimated Useful Life Of Property, Plant And Equipment</a></td>
<td class="text">Depreciation is calculated on the straight-line method, including property, plant and equipment under finance leases, generally based on the following useful lives:<div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:76.465%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.335%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated&#160;Life<br/>in Years</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land improvements</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10-35</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Buildings and building improvements</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7-30</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Machinery and equipment</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2-30</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Furniture and fixtures</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3-10</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Software</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vehicles</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3-10</span></div></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock', window );">Allocation Of Stock-Based Compensation Expense</a></td>
<td class="text">The following table shows total net stock-based compensation expense for the years ended July&#160;31, 2024, 2023 and 2022 included on the accompanying Consolidated Statements of Operations (in thousands):<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain stock-based compensation expense</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,234&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,242&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,892&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging stock-based compensation expense</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,349&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,972&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,737&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate stock-based compensation expense</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">220&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">195&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">256&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-tax stock-based compensation expense</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,803&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,409&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,885&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: benefit from income taxes</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,157&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,951&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,189&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net stock-based compensation expense</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,646&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,458&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,696&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock', window );">Schedule of Carrying Values and Estimated Fair Values of Debt Instruments</a></td>
<td class="text">The carrying values, including any unamortized premium or discount, and estimated fair values of the 6.50% Notes, 0.0% Convertible Notes, EPR Secured Notes and NRP Loan as of July&#160;31, 2024 are presented below (in thousands):<div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:59.724%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.487%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.489%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.50% Notes</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">600,000&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">614,982&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.0% Convertible Notes</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">575,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">530,311&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">EPR Secured Notes</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">130,899&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">182,926&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NRP Loan</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,305&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,809&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Schedule of Estimated Useful Life of Property, Plant and Equipment [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>44
<FILENAME>R25.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997471744">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenues (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenues [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueTableTextBlock', window );">Disaggregation of Revenue [Table Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Disaggregation of Revenues</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents net revenues disaggregated by segment and major revenue type for the years ended July&#160;31, 2024, 2023 and 2022 (in thousands):</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"></td><td style="width:57.490%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.969%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.969%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.970%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain net revenue:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lift</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,442,784&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,420,900&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,310,213&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ski School</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">304,548&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">287,275&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223,645&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dining</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227,572&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">224,642&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">163,705&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail/Rental</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">317,196&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">361,484&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">311,768&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252,270&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">203,783&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Mountain net revenue</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,544,370&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,540,906&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,213,114&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging net revenue:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Owned hotel rooms</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83,977&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80,117&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80,579&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Managed condominium rooms</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86,199&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96,785&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97,704&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dining </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63,255&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62,445&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,569&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transportation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,309&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,242&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,021&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Golf</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,722&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,737&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,975&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55,816&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,500&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">319,830&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">323,142&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">300,348&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payroll cost reimbursements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,287&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,251&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,742&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Lodging net revenue </span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">336,117&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">340,393&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">312,090&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Resort net revenue</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,880,487&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,881,299&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,525,204&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Real Estate net revenue</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,704&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,065&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">708&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net revenue</span></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,885,191&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,889,364&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,525,912&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisaggregationOfRevenueTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisaggregationOfRevenueTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>45
<FILENAME>R26.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997425680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LeaseCostTableTextBlock', window );">Lease, Cost [Table Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The components of lease expense for the years ended July&#160;31, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 and 2022</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> were as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.806%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.448%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Finance leases:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of the finance ROU assets</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,811&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,701&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,011&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest on lease liabilities </span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,258&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,098&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,881&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating leases:</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease expense</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,613&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,385&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,295&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Short-term lease expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,434&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,759&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,614&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Variable lease expense </span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,694&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,204&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,309&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashFlowSupplementalDisclosuresTextBlock', window );">Cash Flow, Supplemental Disclosures [Text Block]</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the supplemental cash flow information associated with the Company&#8217;s leasing activities for the years ended </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 and 2022 (in thousands):</span></div><div style="margin-top:8pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cash flow supplemental information:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash outflows for operating and short-term leases </span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,724&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65,216&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59,818&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash outflows for lease- and non-lease components of finance leases</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,469&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,788&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,573&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-cash supplemental information:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating ROU assets obtained in exchange for operating lease obligations </span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,501&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,342&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance ROU assets obtained in exchange for finance lease obligations</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,093&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,114&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock', window );">Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weighted-average remaining lease terms and discount rates as of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024 and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 are as follows:</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.081%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted-average remaining lease term (in years)</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating leases</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.0</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.2</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance leases </span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36.0</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37.6</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted-average discount rate </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating leases</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance leases </span></td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.9&#160;</span></td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.9&#160;</span></td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock', window );">Schedule of Future Minimum Lease Payments [Table Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future fixed lease payments for operating and finance leases as of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> reflected by fiscal year (August 1 through July 31) are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.081%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Operating Leases </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Finance Leases </span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50,284&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,253&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,337&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,447&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,961&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,647&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,095&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,644&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,038&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,900&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">166,347&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,696,212&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total future minimum lease payments </span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">371,062&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,885,103&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less amount representing interest </span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(104,986)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,467,013)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total lease liabilities </span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">266,076&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">418,090&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The current portion of operating lease liabilities of approximately $32.6&#160;million and $36.9&#160;million as of July&#160;31, 2024 and 2023, respectively, is recorded within accounts payables and accrued liabilities in the accompanying Consolidated Balance Sheets. Finance lease liabilities are recorded within long-term debt, net in the accompanying Consolidated Balance Sheets.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Schedule of Future Minimum Lease Payments [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowSupplementalDisclosuresTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//230/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowSupplementalDisclosuresTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseCostTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseCostTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>46
<FILENAME>R27.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259988797040">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Net Income Per Common Share (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EarningsPerShareReconciliationAbstract', window );"><strong>Earnings Per Share Reconciliation [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock', window );">Summary Of Calculation On Basic And Diluted EPS</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Presented below is basic and diluted EPS for the years ended July&#160;31, 2024, 2023 and 2022 (in thousands, except per share amounts):</span></div><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:42.346%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.329%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="18" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Basic</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Diluted</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Basic</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Diluted</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Basic</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Diluted</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net income per share:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to Vail Resorts</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230,405&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230,405&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,148&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">347,923&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">347,923&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted-average Vail Shares outstanding</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,868&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,868&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,654&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,654&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,433&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,433&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted-average Exchangeco shares outstanding</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Weighted-average shares outstanding</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,868&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,868&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,654&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,654&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,465&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,465&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effect of dilutive securities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">89&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">222&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total shares</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,868&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,957&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,654&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,760&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,465&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,687&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income per share attributable to Vail Resorts, Inc.</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.08&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.07&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.76&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.74&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.60&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.55&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareReconciliationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareReconciliationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>47
<FILENAME>R28.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259988738736">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfDebtInstrumentsTextBlock', window );">Schedule Of Long-Term Debt</a></td>
<td class="text">Long-Term Debt<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Long-term debt as of July&#160;31, 2024 and 2023 is summarized as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,<br/>2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,<br/>2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vail Holdings Credit Agreement revolver</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (a)</span></div></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vail Holdings Credit Agreement term loan</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (a)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">959,766&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,015,625&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.50% Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (b)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2032</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">600,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.25% Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (b)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">600,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.0% Convertible Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (c)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">575,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">575,000&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Whistler Credit Agreement revolver</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (d)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">EPR Secured Notes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (e)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2034-2036</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,162&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,162&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Employee housing bonds</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (f)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027-2039</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,575&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,575&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Canyons obligation</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (g)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2063</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">369,143&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">363,386&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NRP Loan</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (h)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2036</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,088&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,399&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Whistler Blackcomb employee housing leases </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(i)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2042</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,887&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,491&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (j)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024-2037</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,017&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,011&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total debt</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,787,638&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,825,649&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Unamortized premiums, discounts and debt issuance costs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(k)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,888&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,814&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Current maturities </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(l)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,153&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69,160&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term debt, net</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,721,597&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,750,675&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(a)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt">On April 24, 2024, Vail Holdings, Inc. (&#8220;VHI&#8221;), which is a wholly-owned subsidiary of the Company, Bank of America, N.A., as administrative agent, and certain lenders entered into the Ninth Amended and Restated Credit Agreement (the &#8220;Vail Holdings Credit Agreement&#8221;). The Vail Holdings Credit Agreement matures on April 24, 2029 and consists of a $500.0 million revolving credit facility and a term loan facility, which had an outstanding balance of $959.8&#160;million as of July 31, 2024. The term loan facility is subject to quarterly amortization of principal of approximately $12.3 million and the final payment of all amounts outstanding, plus accrued and unpaid interest due in upon maturity in April 2029. VHI&#8217;s obligations under the Vail Holdings Credit Agreement are guaranteed by the Company and certain of its subsidiaries and are collateralized by a pledge of all the capital stock of VHI and substantially all of its subsidiaries (with certain additional exceptions for the pledge of the capital stock of foreign subsidiaries). In addition, pursuant to the terms of the Vail Holdings Credit Agreement, VHI has the ability to increase availability (under the revolver or in the form of term loans) to an aggregate principal amount not to exceed the greater of (i) $2.75 billion and (ii) the product of 3.5 and the trailing twelve-month Adjusted EBITDA, as defined in the Vail Holdings Credit Agreement. The proceeds of the loans made under the Vail Holdings Credit Agreement may be used to fund the Company&#8217;s working capital needs, capital expenditures, acquisitions, investments and other general corporate purposes, including the issuance of letters of credit. Borrowings under the Vail Holdings Credit Agreement, including the term loan facility, bear interest annually at the Secured Overnight Financing Rate (&#8220;SOFR&#8221;) plus a spread of 1.60% as of July&#160;31, 2024 (6.94% as of July&#160;31, 2024). Interest rate margins may fluctuate based upon the ratio of the Company&#8217;s Net Funded Debt to Adjusted EBITDA on a trailing four-quarter basis. The Vail Holdings Credit Agreement provides for affirmative and negative covenants that restrict, among other things, the Company&#8217;s ability to incur indebtedness, dispose of assets, make distributions and make investments. The Vail Holdings Credit Agreement also includes a quarterly unused commitment fee, which is equal to a percentage determined by the Net Funded Debt to Adjusted EBITDA ratio, as each such term is defined in the Vail Holdings Credit Agreement, multiplied by the daily amount by which the Vail Holdings Credit Agreement commitment exceeds the total of outstanding loans and outstanding letters of credit (0.30% as of July&#160;31, 2024). The Company was party to various interest rate swap agreements as of July 31, 2024 which hedged the cash flows associated with the SOFR-based variable interest rate component of $400.0&#160;million in principal amount of its Vail Holdings Credit Agreement at an effective rate of 1.38%. These interest rate swaps expired on September 23, 2024.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(b)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">On May 8, 2024, the Company completed an offering of $600.0&#160;million aggregate principal amount of 6.50% senior notes due 2032 at par, and the net proceeds were used to fund the redemption of all $600.0&#160;million of the outstanding 6.25% Notes due 2025 at par.&#160;The 6.50% Notes are unsecured senior obligations of the Company and are guaranteed by certain of the Company&#8217;s domestic subsidiaries.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company will pay interest on the 6.50% Notes on May 15 and November 15 of each year commencing on November 15, 2024, and the 6.50% Notes will mature on May 15, 2032. The 6.50% Notes are redeemable, in whole or in part, at any time on or after May 15, 2027 at the redemption prices specified in a 2024 Indenture dated as of May 8, 2024 (the &#8220;2024 Indenture&#8221;) plus accrued and unpaid interest. Prior to May 15, 2027, the Company may redeem some or all of the 6.50% Notes at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, plus a &#8220;make-whole&#8221; premium as specified in the 2024 Indenture. In addition, prior to May 15, 2027, the Company may redeem up to 40% of the aggregate principal amount of the 6.50% Notes with an amount not to exceed the net cash proceeds from certain equity offerings at the redemption price of 106.50% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The 6.50% Notes are senior unsecured obligations of the Company and rank equally in right of payment with existing and future senior indebtedness of the Company and the guarantors (as defined in the 2024 Indenture).</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2024 Indenture requires that, upon the occurrence of a Change of Control Repurchase Event (as defined in the 2024 Indenture), the Company shall offer to purchase all of the outstanding Notes at a purchase price in cash equal to 101% of the outstanding principal amount of the 6.50% Notes, plus accrued and unpaid interest. If the Company or certain of its subsidiaries dispose of assets, under certain circumstances, the Company will be required to either invest the net cash proceeds from such assets sales in its business within a specified period of time, repay certain senior secured debt or debt of its non-guarantor subsidiaries, or make an offer to purchase a principal amount of the 6.50% Notes equal to the excess net cash proceeds at a purchase price of 100% of their principal amount, plus accrued and unpaid interest.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2024 Indenture contains covenants that, among other things, restrict the ability of the Company and the guarantors to incur liens on assets; merge or consolidate with another company or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the Company&#8217;s assets or engage in Sale and Leaseback Transactions (as defined in the 2024 Indenture). The 2024 Indenture does not contain any financial maintenance covenants. Certain of the covenants will not apply to the 6.50% Notes so long as the 6.50% Notes have investment grade ratings from two specified rating agencies and no event of default has occurred and is continuing under the 2024 Indenture. The 2024 Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the 2024 Indenture, certain defaults on certain other indebtedness, certain events of bankruptcy, insolvency or reorganization, and invalidity of the guarantees of the 6.50% Notes issued pursuant to the 2024 Indenture.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(c)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt">On December 18, 2020, the Company completed an offering of $575.0&#160;million in aggregate principal amount of 0.0% Convertible Notes due 2026 in a private placement conducted pursuant to Rule 144A of the Securities Act of 1933, as amended (the &#8220;0.0% Convertible Notes&#8221;). The 0.0% Convertible Notes were issued under an indenture dated December 18, 2020 (the &#8220;Convertible Indenture&#8221;) between the Company and U.S. Bank National Association, as Trustee. The 0.0% Convertible Notes do not bear regular interest and the principal amount does not accrete. The 0.0% Convertible Notes mature on January 1, 2026, unless earlier repurchased, redeemed or converted.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 0.0% Convertible Notes are general senior unsecured obligations of the Company. The 0.0% Convertible Notes rank senior in right of payment to any future debt that is expressly subordinated, equal in right of payment with the Company&#8217;s existing and future liabilities that are not so subordinated, and are subordinated to all of the Company&#8217;s existing and future secured debt to the extent of the value of the assets securing such debt. The 0.0% Convertible Notes will also be structurally subordinated to all of the existing and future liabilities and obligations of the Company&#8217;s subsidiaries, including such subsidiaries&#8217; guarantees of the 6.50% Notes.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The initial conversion rate was 2.4560 shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $407.17 per share, and is subject to adjustment upon the occurrence of certain specified events as described in the Convertible Indenture, including the payment of cash dividends. As of July&#160;31, 2024, the conversion rate of the 0.0% Convertible Notes, adjusted for cash dividends paid since the issuance date, was 2.7075 shares per $1,000 principal amount of notes (the &#8220;Conversion Rate&#8221;), which represents a conversion price of $369.35 per share (the &#8220;Conversion Price&#8221;). The principal amount of the 0.0% Convertible Notes is required to be settled in cash. The Company will settle the in the money component of conversions by paying cash, delivering shares of its common stock, or a combination of the two, at its option.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Holders may convert their notes, at their option, only under the following circumstances:</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">during any calendar quarter commencing after the calendar quarter ending on March 31, 2021 if the last reported sale price per share of our common stock exceeds 130% of the Conversion Price for each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter;</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">during the five consecutive business days immediately after any 10 consecutive trading day period (such 10 consecutive trading day period, the &#8220;Measurement Period&#8221;) in which the trading price per $1,000 principal amount of notes for each trading day of the Measurement Period was less than 98% of the product of the last reported sale price per share of our common stock on such trading day and the Conversion Rate on such trading day;</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">upon the occurrence of certain corporate events or distributions on our common stock, as described in the Convertible Indenture;</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">if the Company calls the 0.0% Convertible Notes for redemption; or</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">at any time from, and including, July 1, 2025 until the close of business on the scheduled trading day immediately before the maturity date.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 0.0% Convertible Notes will be redeemable, in whole or in part, at the Company&#8217;s option at any time, and from time to time, on or after January 1, 2024 and on or before the 25th scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the notes to be redeemed, plus accrued and unpaid special and additional interest, if any, to, but excluding, the redemption date, but only if the last reported sale price per share of the Company&#8217;s common stock exceeds 130% of the Conversion Price for a specified period of time. If the Company elects to redeem less than all of the 0.0% Convertible Notes, at least $50.0&#160;million aggregate principal amount of notes must be outstanding and not subject to redemption as of the relevant redemption notice date. Calling any 0.0% Convertible Notes for redemption will constitute a make-whole fundamental change with respect to such notes, in which case the Conversion Rate applicable to the conversion of such notes will be increased in certain circumstances if such notes are converted after they are called for redemption.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, upon the occurrence of a fundamental change (as defined in the Convertible Indenture), holders of the 0.0% Convertible Notes may require the Company to repurchase all or a portion of their notes at a cash repurchase price equal to the principal amount of the notes to be repurchased, plus any accrued and unpaid special and additional interest, if any, to, but excluding, the applicable repurchase date. If certain fundamental changes referred to as make-whole fundamental changes (as defined in the Convertible Indenture) occur, the Conversion Rate for the 0.0% Convertible Notes may be increased for a specified period of time.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Convertible Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the Convertible Indenture, certain defaults on certain other indebtedness, and certain events of bankruptcy, insolvency or reorganization. The Company may elect, at its option, that the sole remedy for an event of default relating to certain failures by the Company to comply with certain reporting covenants in the Convertible Indenture will consist exclusively of the right of the holders of the 0.0% Convertible Notes to receive additional interest on the notes for up to 360 days following such failure.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to the adoption of ASU 2020-06 on August 1, 2022, the Company separately accounted for the liability and equity components of the 0.0% Convertible Notes. The liability component at issuance was recognized at estimated fair value based on the fair value of a similar debt instrument that does not have an embedded convertible feature, and was determined to be $465.3&#160;million and was recorded within long-term debt, net on the Company&#8217;s Consolidated Balance Sheet.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The excess of the principal amount of the 0.0% Convertible Notes over the initial fair value of the liability component represented a debt discount of $109.7&#160;million and was being amortized to interest expense, net over the term through July 31, 2022 (prior to the adoption of ASU 2020-06). The balance of the unamortized debt discount was $76.7&#160;million as of July 31, 2022. The carrying amount of the equity component representing the conversion option was approximately $109.7&#160;million and was determined by deducting the initial fair value of the liability component from the total proceeds of the 0.0% Convertible Notes of $575.0&#160;million. Additionally, the Company recorded deferred tax liabilities of approximately $27.5&#160;million related to the equity component of the 0.0% Convertible Notes on the date of issuance, which decreased the recorded value of the equity component. As of July 31, 2022, the equity component was recorded within additional paid-in-capital on the Company&#8217;s Consolidated Balance Sheet. The Company adopted ASU 2020-06 on August 1, 2022 using the modified retrospective method, and as a result, the Company reclassified the equity component of its 0.0% Convertible Notes to long-term debt, net, and no longer records non-cash interest expense related to the amortization of the debt discount effective as of the adoption date. </span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(d)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">Whistler Mountain Resort Limited Partnership (&#8220;Whistler LP&#8221;) and Blackcomb Skiing Enterprises Limited Partnership (&#8220;Blackcomb LP&#8221; and together with Whistler LP, the &#8220;WB Partnerships&#8221;) are party to a credit agreement consisting of a C$300.0&#160;million credit facility which was originally dated as of November 12, 2013, by and among Whistler LP, Blackcomb LP, certain subsidiaries of Whistler LP and Blackcomb LP party thereto as guarantors, the financial institutions party thereto as lenders and The Toronto-Dominion Bank (&#8220;TD&#8221;), as administrative agent. On April 14, 2023, the WB Partnerships along with other parties to the original agreement entered into the Second Amended and Restated Credit Agreement (as amended, the &#8220;Whistler Credit Agreement&#8221;). The amended Whistler Credit Agreement (i) extended the </span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">maturity date of the revolving credit facility to April 14, 2028; (ii) contained customary LIBOR replacement language for the use of rates based on SOFR with regard to borrowings under the facility made in U.S. dollars; and (iii) contained customary forward-looking transition language for the Canadian Dollar Offered Rate (&#8220;CDOR&#8221;) with regard to borrowings under the facility made in Canadian dollars, including, but not limited to, the use of rates based on the Canadian Overnight Repo Rate Average (&#8220;CORRA&#8221;), which is a measure of the cost of overnight general collateral funding using Government of Canada treasury bills and bonds as collateral for repurchase transactions, and for which such transition occurred in June 2024. On June 27, 2024, TD issued a notice of benchmark replacement and the implementation of benchmark replacement confirming changes. This notice established the CDOR replacement as the Adjusted Term CORRA, which is the sum of (i) Term CORRA and (ii) 0.29547% for an available tenor of one-month&#8217;s duration, and 0.32138% for an available tenor of three months&#8217; duration, provided that, if the Adjusted Term CORRA as so determined shall ever be less than a floor of 0.00%, then the Adjusted Term CORRA shall be deemed to be 0.00%. No other significant terms of the agreement were amended. As of July&#160;31, 2024, there were no borrowings under the Whistler Credit Agreement. The Whistler Credit Agreement also includes a quarterly unused commitment fee based on the Consolidated Total Leverage Ratio, which as of July&#160;31, 2024 is equal to 0.39% per annum.&#160;The Whistler Credit Agreement provides for affirmative and negative covenants that restrict, among other things, the WB Partnerships&#8217; ability to incur indebtedness and liens, dispose of assets, make capital expenditures, make distributions and make investments. In addition, the Whistler Credit Agreement includes the restrictive financial covenants (leverage ratios and interest coverage ratios) customary for facilities of this type.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(e)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt">In September 2019, in conjunction with the acquisition of Peak Resorts, Inc. (&#8220;Peak Resorts&#8221;), the Company assumed various secured borrowings (the &#8220;EPR Secured Notes&#8221;) under the master credit and security agreements and other related agreements, as amended, (collectively, the &#8220;EPR Agreements&#8221;) with EPT Ski Properties, Inc. and its affiliates (&#8220;EPR&#8221;). The EPR Secured Notes include the following:</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-23.27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">i.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Alpine Valley Secured Note. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The $4.6 million Alpine Valley Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.90%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-26.04pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ii.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Boston Mills/Brandywine Secured Note.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The $23.3 million Boston Mills/Brandywine Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.41%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-28.81pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">iii.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Jack Frost/Big Boulder Secured Note. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The $14.3 million Jack Frost/Big Boulder Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.41%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-28.27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">iv.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Mount Snow Secured Note.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The $51.1 million Mount Snow Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 12.50%.</span></div><div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-25.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">v.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt">The Hunter Mountain Secured Note.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The $21.0 million Hunter Mountain Secured Note provides for interest payments through its maturity on January 5, 2036. As of July&#160;31, 2024, interest on this note accrued at a rate of 9.19%.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The EPR Secured Notes are secured by all or substantially all of the assets of Peak Resorts and its subsidiaries, including mortgages on the Alpine Valley, Boston Mills, Brandywine, Jack Frost, Big Boulder, Mount Snow and Hunter Mountain ski resorts. The EPR Secured Notes bear interest at specified interest rates, as discussed above, which are subject to increase each year by the lesser of (i) three times the percentage increase in the Consumer Price Index (&#8220;CPI&#8221;) or (ii) a capped index (the &#8220;Capped CPI Index&#8221;), which is 1.75% for the Hunter Mountain Secured Note and 1.50% for all other notes. The EPR Agreements provide for affirmative and negative covenants that restrict, among other things, the ability of Peak Resorts and its subsidiaries to incur indebtedness, dispose of assets, make distributions and make investments. In addition, the EPR Agreements include restrictive covenants, including maximum leverage ratio and consolidated fixed charge ratio. An additional contingent interest payment would be due to EPR if, on a calendar year basis, the gross receipts from the properties securing any of the individual EPR Secured Notes (the &#8220;Gross Receipts&#8221;) are more than the result (the &#8220;Interest Quotient&#8221;) of dividing the total interest charges for the EPR Secured Notes by a specified percentage rate (the &#8220;Additional Interest Rate&#8221;). In such a case, the additional interest payment would equal the difference between the Gross Receipts and the Interest Quotient multiplied by the Additional Interest Rate. This calculation is made on an aggregated basis for the notes secured by the Jack Frost, Big Boulder, Boston Mills, Brandywine and Alpine Valley ski resorts, where the Additional Interest Rate is 10.0%; on a standalone basis for the note secured by the Company&#8217;s Mount Snow ski resort, where the Additional Interest Rate is 12.0%; and on a standalone basis for the note secured by the Company&#8217;s Hunter Mountain ski resort, where the Additional Interest Rate is 8.0%. Peak Resorts does not have the right to prepay the EPR Secured Notes. The EPR Secured Notes were recorded at their estimated fair value in conjunction with the acquisition of Peak Resorts on September 24, 2019. The EPR Agreements grant EPR certain other rights including the option to purchase </span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the Boston Mills, Brandywine, Jack Frost, Big Boulder or Alpine Valley resorts, which is exercisable no sooner than two years and no later than one year prior to the maturity dates of the applicable EPR Secured Note for such properties, with any closings to be held on the applicable maturity dates; and, if EPR exercises the purchase option, EPR will enter into an agreement with the Company for the lease of each acquired property for an initial term of 20 years, plus options to extend the lease for two additional periods of ten years each.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(f)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.01pt">The Company has recorded the outstanding debt of four Employee Housing Entities (each an &#8220;Employee Housing Entity&#8221; and collectively the &#8220;Employee Housing Entities&#8221;): Breckenridge Terrace, Tarnes, BC Housing and Tenderfoot. The proceeds of the Employee Housing Bonds were used to develop apartment complexes designated primarily for use by the Company&#8217;s seasonal employees at its Colorado mountain resorts. The Employee Housing Bonds are variable rate, interest-only instruments with interest rates tied to SOFR plus 0% to 0.20% (5.53% to 5.73% as of July&#160;31, 2024).</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest on the Employee Housing Bonds is paid monthly in arrears and the interest rate is adjusted weekly. No principal payments are due on the Employee Housing Bonds until maturity. Each Employee Housing Entity&#8217;s bonds were issued in two series. The bonds for each Employee Housing Entity are backed by letters of credit issued under the Vail Holdings Credit Agreement. The table below presents the principal amounts outstanding for the Employee Housing Bonds as of July&#160;31, 2024 (in thousands):&#160;&#160;&#160;&#160;</span></div><div style="margin-top:8pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.491%"><tr><td style="width:1.0%"></td><td style="width:34.051%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.113%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Maturity</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Tranche&#160;A</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Tranche&#160;B</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Breckenridge Terrace</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2039</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,980&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,980&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Tarnes</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2039</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,000&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,410&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,410&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">BC Housing</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,100&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,600&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Tenderfoot</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2035</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,700&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,885&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,585&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></div></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,780&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,795&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,575&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(g)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">On May 24, 2013, VR CPC Holdings, Inc. (&#8220;VR CPC&#8221;), a wholly-owned subsidiary of the Company, entered into a transaction agreement with affiliate companies of Talisker Corporation (&#8220;Talisker&#8221;) pursuant to which the parties entered into a master lease agreement (the &#8220;Park City Lease&#8221;) and certain ancillary transaction documents on May 29, 2013 related to the former stand-alone Canyons Resort (&#8220;Canyons&#8221;), pursuant to which the Company assumed the resort operations of the Canyons. The Park City Lease between VR CPC and Talisker has an initial term of 50 years with six 50-year renewal options. The Park City Lease provides for $25 million in annual payments, which increase each year by an inflation-linked index of CPI less 1% per annum, with a floor of 2%. Vail Resorts has guaranteed the payments under the Park City Lease. The obligation at July&#160;31, 2024 represents future lease payments for the remaining initial lease term of 50 years (including annual increases at the floor of 2%) discounted using an interest rate of 10%, and includes accumulated accreted interest expense of approximately $63.8&#160;million.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(h)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">On August 3, 2022 in conjunction with the acquisition of Andermatt-Sedrun (see Note 7, Acquisitions), the Company assumed the New Regional Policy loan between Andermatt-Sedrun and the Canton of Uri and Canton of Graub&#252;nden dated June 24, 2016 (the &#8220;NRP Loan&#8221;), with an initial principal balance of CHF 40.0 million. Amounts outstanding under the NRP Loan bear interest at 0.63% per annum until the maturity date, which is September 30, 2036, with semi-annual required payments of principal amortization and accrued interest. In addition, the NRP Loan agreement includes restrictive covenants requiring certain minimum financial results (as defined in the agreement).</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">During the year ended July 31, 2023, the Company entered into new finance lease agreements for employee housing units at Whistler Blackcomb. The leases have a term of 20 years with no renewal options. The obligation at July&#160;31, 2024 represents future lease payments for the remaining period of the initial 20 year term of the lease (including annual increases at the floor of 3%) discounted using an interest rate of 6.95%.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(j)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">During the year ended July 31, 2019, the Company completed two real estate sales transactions that were accounted for as financing arrangements as a result of the Company&#8217;s continuing involvement with the underlying assets that were sold, including but not limited to, the obligation to repurchase finished commercial space from the development projects upon completion. The Company received approximately&#160;$12.8&#160;million&#160;of proceeds for these sales transactions through the year ended July&#160;31, 2024, which are reflected within long-term debt, net. </span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(k)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt">In connection with the various business combinations, the Company estimated the acquisition date fair values of certain debt instruments assumed, and recorded any difference between such estimated fair values and the par value of debt instruments as unamortized premiums and discounts, as appropriate, which are amortized and recorded to interest expense, net on the Company&#8217;s Consolidated Statements of Operations over the respective term of the applicable debt instruments. </span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, certain costs incurred with regard to the issuance of debt instruments are capitalized and included as a reduction in the net carrying value of long-term debt, net of accumulated amortization, with the exception of costs incurred related to line-of-credit arrangements, which are included in deferred charges and other assets, net of accumulated amortization. Amortization of such deferred financing costs are recorded to interest expense, net on the Company&#8217;s Consolidated Statements of Operations over the respective term of the applicable debt instruments.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(l)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">Current maturities represent principal payments due in the next 12 months.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Aggregate maturities for debt outstanding, including finance lease obligations, as of July&#160;31, 2024 reflected by fiscal year are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:83.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,586&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">632,202&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,719&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55,772&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">770,033&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,190,326&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total debt</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,787,638&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company recorded interest expense of $161.8 million, $153.0 million and $148.2 million for the years ended July&#160;31, 2024, 2023 and 2022, respectively, of which $6.3 million, $6.7 million and $5.9 million, respectively, was amortization of deferred financing costs. The Company was in compliance with all of its financial and operating covenants required to be maintained under its debt instruments for all periods presented.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the acquisition of Whistler Blackcomb, VHI funded a portion of the purchase price through an intercompany loan to Whistler Blackcomb, which was effective as of November 1, 2016 and&#160;requires foreign currency remeasurement to Canadian dollars, the functional currency for Whistler Blackcomb. As a result, foreign currency fluctuations associated with the loan are recorded within the Company&#8217;s results of operations. The Company recognized approximately&#160;$4.1&#160;million, $2.9&#160;million and $2.7&#160;million of non-cash foreign currency loss on the intercompany loan to Whistler Blackcomb during the years ended July&#160;31, 2024, 2023 and 2022, respectively, on its Consolidated Statements of Operations. During the year ended July 31, 2024, Whistler Blackcomb repaid $65.0&#160;million of the outstanding principal on the intercompany loan and as of July&#160;31, 2024, the remaining balance of the intercompany loan was $32.1 million.</span></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock', window );">Schedule Of Aggregate Maturities For Debt Outstanding</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Aggregate maturities for debt outstanding, including finance lease obligations, as of July&#160;31, 2024 reflected by fiscal year are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:83.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,586&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">632,202&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74,719&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55,772&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">770,033&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,190,326&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total debt</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,787,638&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDebtInstrumentsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69E<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1A<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8<br><br>Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 470<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3<br><br>Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-8<br><br>Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-6<br><br>Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-7<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDebtInstrumentsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of maturity and sinking fund requirement for long-term debt.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>48
<FILENAME>R29.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45260093577728">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Acquisitions (Tables)<br></strong></div></th>
<th class="th"><div>May 02, 2024</div></th>
<th class="th"><div>Aug. 03, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember', window );">Seven Springs Resorts</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock', window );">Schedule of Business Acquisitions, by Acquisition</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,932&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">118,415&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,041&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,335&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,222)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116,501&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_AndermattSedrunMember', window );">Andermatt-Sedrun</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock', window );">Schedule of Business Acquisitions, by Acquisition</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash consideration paid by Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">155,365&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated fair value of noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91,524&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total estimated purchase consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,889&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Allocation of total estimated purchase consideration:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119,867&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,805&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,476&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assumed long-term debt</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,130)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,497)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,889&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_CransMontanaMember', window );">Crans-Montana</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock', window );">Schedule of Business Acquisitions, by Acquisition</a></td>
<td class="text"><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash consideration paid by Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,809&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated fair value of noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,084&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total estimated purchase consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120,893&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Allocation of total estimated purchase consideration:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,207&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,232&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,796&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,262&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,604)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120,893&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_AndermattSedrunMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_AndermattSedrunMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_CransMontanaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_CransMontanaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>49
<FILENAME>R30.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989060064">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Supplementary Balance Sheet Information (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BalanceSheetRelatedDisclosuresAbstract', window );"><strong>Balance Sheet Related Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherCurrentAssetsTextBlock', window );">Other Current Assets</a></td>
<td class="text"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of other current assets follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepaid expenses</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,519&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,218&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,039&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">78,185&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other current assets</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79,558&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">121,403&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentTextBlock', window );">Composition Of Property, Plant And Equipment</a></td>
<td class="text"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of property, plant and equipment, including finance lease assets, follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Land and land improvements</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">804,287&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">796,730&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Buildings and building improvements</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,682,734&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,643,517&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Machinery and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,984,549&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,792,378&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Furniture and fixtures</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">316,510&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">298,725&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Software</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161,502&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">152,033&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vehicles</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91,951&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87,298&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Construction in progress</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116,872&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134,113&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross property, plant and equipment</span></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,158,405&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,904,794&#160;</span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated depreciation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,735,770)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,533,237)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment, net</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,422,635&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,371,557&#160;</span></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock', window );">Composition Of Goodwill And Intangible Assets</a></td>
<td class="text"><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of goodwill and intangible assets follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,721,017&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,763,386&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated impairments</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,688)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,688)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,354)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,354)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill, net</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,677,975&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,720,344&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Indefinite-lived intangible assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trademarks</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">235,858&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">237,921&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,081&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,224&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross indefinite-lived intangible assets</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,939&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">279,145&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(24,751)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(24,713)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Indefinite-lived intangible assets, net</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252,188&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">254,432&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Amortizable intangible assets</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trademarks</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,008&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,008&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71,198&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71,570&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross amortizable intangible assets</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">109,206&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">109,578&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(58,859)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(54,665)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortizable intangible assets, net</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50,347&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,913&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross intangible assets</span></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">386,145&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">388,723&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total accumulated amortization</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(83,610)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(79,378)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total intangible assets, net</span></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">302,535&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">309,345&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfGoodwillTextBlock', window );">Changes In Goodwill Amount</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The changes in the net carrying amount of goodwill allocated between the Company&#8217;s segments for the years ended July&#160;31, 2024 and 2023 are as follows (in thousands): </span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Mountain </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Lodging </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Goodwill,&#160;net </span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at July 31, 2022</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,709,922&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,006&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,754,928&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition (including measurement period adjustments)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Disposal of retail and rental stores </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,975)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,975)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effects of changes in foreign currency exchange rates</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,977)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,977)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at July 31, 2023</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,675,338&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,006&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,720,344&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,796&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,796&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effects of changes in foreign currency exchange rates</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(45,165)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(45,165)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at July 31, 2024</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,632,969&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,006&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,677,975&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock', window );">Components Of Accounts Payable And Accrued Liabilities</a></td>
<td class="text"><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The composition of accounts payable and accrued liabilities follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade payables</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,246&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">148,521&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred revenue</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">575,766&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">572,602&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued salaries, wages and deferred compensation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,269&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,908&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued benefits</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60,940&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60,466&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deposits</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,500&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,798&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,611&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,904&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other accruals</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102,467&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">82,822&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total accounts payable and accrued liabilities</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,000,798&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">978,021&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetRelatedDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetRelatedDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCurrentAssetsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for other current assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCurrentAssetsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 360<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfGoodwillTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (e)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (g)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A<br><br>Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfGoodwillTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>50
<FILENAME>R31.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259988695280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Measurements (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>Fair Value Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock', window );">Summary Of Cash Equivalents Measured At Fair Value</a></td>
<td class="text"><div style="margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:36.326%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.545%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated Fair Value Measurement as of July 31, 2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Description</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level&#160;1</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level&#160;2</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level&#160;3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Money Market</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">896&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">896&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commercial Paper</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,401&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,401&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates of Deposit</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101,989&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101,989&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest Rate Swaps</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,343&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,343&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent Consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,200&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,200&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Estimated Fair Value Measurement as of July 31, 2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Description</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 1</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 3</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assets:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Money Market</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">170,872&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">170,872&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commercial Paper</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,401&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,401&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificates of Deposit</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">144,365&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">144,365&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest Rate Swaps</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,229&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,229&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent Consideration </span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,300&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,300&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock', window );">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The changes in Contingent Consideration during the years ended July&#160;31, 2024 and 2023 were as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:83.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Contingent Consideration</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance as of July 31, 2022</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,400&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payment</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,936)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,836&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance as of July 31,2023</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,300&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payment</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,057)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47,957&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance as of July 31, 2024</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,200&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)<br> -SubTopic 10<br> -Topic 820<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -SubTopic 10<br> -Topic 820<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>51
<FILENAME>R32.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997366416">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock', window );">Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">U.S. and foreign components of income before provision for income taxes are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">225,408&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">217,971&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">387,729&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119,687&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">155,546&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69,432&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income before income taxes</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">345,095&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">373,517&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">457,161&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock', window );">Components Of Deferred Tax Liabilities And Assets</a></td>
<td class="text">Significant components of the Company&#8217;s deferred tax liabilities and assets are as follows (in thousands):<div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax liabilities:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fixed assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200,197&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">211,995&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">160,002&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">143,402&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease right of use assets</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,730&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,913&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,774&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,115&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">440,703&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">423,425&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax assets:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Canyons obligation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,813&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,631&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock-based compensation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,110&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,370&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment in Partnerships</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,097&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,430&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred compensation and other accrued benefits</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,339&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,099&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent Consideration</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,251&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,423&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net operating loss carryforwards and other tax credits</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,082&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,864&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,550&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,953&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,892&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,988&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">180,134&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">160,758&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Valuation allowance for deferred income taxes</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,553)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,603)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax assets, net of valuation allowance</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">164,581&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">151,155&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net deferred income tax liability</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,122&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">272,270&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock', window );">Balance Sheet Summary of Deferred Tax Assets and Liabilities [Table Text Block]</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The components of deferred income taxes recognized in the accompanying Consolidated Balance Sheets are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:59.897%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.401%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.402%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax asset</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,693&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,867&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax liability</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">279,815&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,137&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net deferred income tax liability</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,122&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">272,270&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock', window );">Components Of Provision (Benefit) For Income Taxes</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant components of the provision for income taxes are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Federal</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,759&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,473&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62,974&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,550&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,759&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,938&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,412&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,117&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,302&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total current</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86,721&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,349&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98,214&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Federal</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,764&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,813&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,910)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(461)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,372&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,966&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,792&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,120)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,446)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total deferred</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,095&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,065&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,390)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98,816&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,414&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,824&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock', window );">Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation</a></td>
<td class="text"><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A reconciliation of the income tax provision for continuing operations and the amount computed by applying the United States federal statutory income tax rate to income before income taxes is as follows:</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At U.S. federal income tax rate</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">State income tax, net of federal benefit</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.9&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.2&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.8&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in uncertain tax positions</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.5)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.2)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock-based compensation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.7&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3.6)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign partnership basis adjustment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.4&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.0)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.0)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.2)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign taxes</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.6&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.3&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.9)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.5&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effective tax rate</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28.6&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23.7&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19.4&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock', window );">Reconciliation Of Unrecognized Tax Benefits</a></td>
<td class="text"><div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A reconciliation of the beginning and ending amount of unrecognized tax benefits associated with uncertain tax positions, excluding associated deferred tax benefits and accrued interest and penalties, if applicable, is as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance, beginning of year</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,680&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62,909&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">67,857&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions for tax positions of prior years</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,866&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,025&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,179&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lapse of statute of limitations</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,558)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22,254)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,127)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance, end of year</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50,988&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,680&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62,909&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Balance Sheet Summary of Deferred Tax Assets and Liabilities [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Paragraph 9<br> -Section 50<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Paragraph 2<br> -Section 50<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Paragraph 12<br> -Section 50<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of income before income tax between domestic and foreign jurisdictions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1)(Note 1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15A<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 19<br> -SubTopic 10<br> -Topic 740<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-19<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SummaryOfIncomeTaxContingenciesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>52
<FILENAME>R33.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997321616">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Segment Reporting [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock', window );">Summary Of Financial Information By Reportable Segment</a></td>
<td class="text"><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net revenue:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,544,370&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,540,906&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,213,114&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">336,117&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">340,393&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">312,090&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Resort net revenue</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,880,487&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,881,299&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,525,204&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,704&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,065&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">708&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net revenue</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,885,191&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,889,364&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,525,912&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Segment operating expense:</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,743,351&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,718,941&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,404,527&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">313,099&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">328,126&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">286,343&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Resort operating expense</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,056,450&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,047,067&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,690,870&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,514&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,635&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,911&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total segment operating expense</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,065,964&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,057,702&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,696,781&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain on sale of real property</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,285&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">842&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,276&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain equity investment income, net</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,053&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">605&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,580&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reported EBITDA:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">802,072&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">822,570&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">811,167&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lodging</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,018&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,267&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,747&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Resort</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">825,090&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">834,837&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">836,914&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real Estate</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,475&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,728)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,927)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Reported EBITDA</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">826,565&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">833,109&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">832,987&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate held for sale or investment</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86,548&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,207&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95,983&#160;</span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reconciliation of net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230,405&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,148&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">347,923&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income attributable to noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,874&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,955&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,414&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,279&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,103&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">368,337&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98,816&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,414&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,824&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income before provision for income taxes</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">345,095&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">373,517&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">457,161&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">276,493&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">268,501&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252,391&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss (gain) on disposal of fixed assets and other, net </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,633&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,070&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(43,992)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in estimated fair value of contingent consideration</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47,957&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,836&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,280&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment income and other, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,592)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,744)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,718)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign currency loss on intercompany loans</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,140&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,907&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,682&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161,839&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">153,022&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">148,183&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Reported EBITDA</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">826,565&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">833,109&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">832,987&#160;</span></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock', window );">Revenue and Properties, Plant and Equipment from External Customers by Geographic Areas [Table Text Block]</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Geographic Information</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net revenue and long-lived assets, excluding financial instruments and deferred tax assets, by geographic region are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:51.694%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.635%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.635%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.636%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net revenue</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,386,749&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,366,342&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,228,708&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">International </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">498,442&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">523,022&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">297,204&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net revenue</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,885,191&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,889,364&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,525,912&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Long-lived assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,858,275&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,853,758&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">International </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,925,108&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,882,018&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total long-lived assets</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,783,383&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,735,776&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The only individual international country (i.e. except the U.S.) to account for more than 10% of the Company&#8217;s net revenue was Canada. Canada accounted for $326.2&#160;million and $321.7&#160;million of net revenue for the year ended July&#160;31, 2024 and 2023, respectively. For the year ended July 31, 2022, no individual international country accounted for more than 10% of the Company&#8217;s net revenue.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The only individual international country to account for more than 10% of the Company&#8217;s long-lived assets was Canada. Canada accounted for $1,373.8 million and $1,446.0 million of long-lived assets as of July&#160;31, 2024 and 2023, respectively.</span></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 41<br> -Subparagraph a<br> -SubTopic 10<br> -Topic 280<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 25<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>53
<FILENAME>R34.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259988974528">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock Compensation Plan (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Jul. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Share-Based Payment Arrangement [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock', window );">Schedule Of Share Based Compensation Valuation Model</a></td>
<td class="text">The risk-free rate for periods within the contractual life of the equity award is based on the United States Treasury yield curve in effect at the time of grant.<div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected volatility</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30.0%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30.0%</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31.0%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected dividend yield</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.4%</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2%</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.1%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expected term (average in years)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.4-6.7</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.5-6.8</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.4-6.8</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Risk-free rate</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.0-5.4%</span></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.7-3.0%</span></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1-1.2%</span></div></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock', window );">Schedule Of Share Based Compensation Option And SARs Award Activity</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of aggregate SARs award activity under the Plan as of July&#160;31, 2024, 2023 and 2022, and changes during the years then ended is presented below (in thousands, except exercise price and contractual term):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:35.649%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.712%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.712%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.712%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.715%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Awards</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Exercise Price</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Remaining<br/>Contractual Term</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Aggregate<br/>Intrinsic<br/>Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2021</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">873&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">181.17&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">360.69&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercised</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(278)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93.32&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited or expired</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">271.04&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2022</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">679&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">241.13&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">220.73&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercised</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(92)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">222.14&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited or expired</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(53)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">280.09&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2023</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">710&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">235.69&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">181&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">226.71&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercised</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">197.88&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited or expired</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(125)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">244.56&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outstanding at July 31, 2024</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">751&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">232.81&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.0 years</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,049&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vested and expected to vest at July 31, 2024</span></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">741&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">232.88&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.9 years</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,049&#160;</span></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exercisable at July 31, 2024</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">497&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230.76&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.6 years</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,049&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock', window );">Schedule of Share Based Compensation SARs Activity</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of the status of the Company&#8217;s nonvested SARs as of July&#160;31, 2024 and changes during the year then ended is presented below (in thousands, except fair value amounts):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.812%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.445%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Awards</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Grant-Date<br/>Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2023</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">251</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62.96&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">181</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60.03&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vested</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(119)</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62.88&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(60)</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63.21&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2024</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">253</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60.73&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock', window );">Schedule Of Share Based Compensation Restricted Stock Units Activity</a></td>
<td class="text"><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of the status of the Company&#8217;s nonvested restricted share units as of July&#160;31, 2024 and changes during the year then ended is presented below (in thousands, except fair value amounts):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:63.760%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.469%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.471%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Awards</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Grant-Date<br/>Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2023</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">169</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227.87&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">204.68&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vested</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(80)</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">232.56&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Forfeited</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(27)</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">213.55&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonvested at July 31, 2024</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">194</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">212.14&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the changes in outstanding nonvested restricted stock units.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)<br> -SubTopic 10<br> -Topic 718<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)<br> -SubTopic 10<br> -Topic 718<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 718<br> -SubTopic 10<br> -Subparagraph (f)(2)<br> -Name Accounting Standards Codification<br> -Paragraph 2<br> -Section 50<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>54
<FILENAME>R35.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259990457408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Narrative) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_InterestRateSwapNotionalAmount', window );">Interest Rate Swap, Notional Amount</a></td>
<td class="nump">$ 400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_AccountsPayableAccruedLiabilities', window );">Accounts payable and accrued liabilities (Note 8)</a></td>
<td class="nump">1,000,798<span></span>
</td>
<td class="nump">$ 978,021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AdvertisingExpense', window );">Advertising expense</a></td>
<td class="nump">49,800<span></span>
</td>
<td class="nump">47,200<span></span>
</td>
<td class="nump">$ 47,700<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue', window );">Restricted cash</a></td>
<td class="nump">14,236<span></span>
</td>
<td class="nump">10,118<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Operating right-of-use assets (Note 4)</a></td>
<td class="nump">256,627<span></span>
</td>
<td class="nump">192,289<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1', window );">Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments</a></td>
<td class="num">(11,100)<span></span>
</td>
<td class="nump">3,700<span></span>
</td>
<td class="nump">18,900<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiability', window );">Operating Lease, Liability</a></td>
<td class="nump">266,076<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiabilityNoncurrent', window );">Operating lease liabilities (Note 4)</a></td>
<td class="nump">233,465<span></span>
</td>
<td class="nump">168,326<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet', window );">Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net</a></td>
<td class="nump">16,100<span></span>
</td>
<td class="nump">11,000<span></span>
</td>
<td class="num">$ (4,300)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtAndCapitalLeaseObligations', window );">Long-term debt, net (Note 6)</a></td>
<td class="nump">2,721,597<span></span>
</td>
<td class="nump">2,750,675<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxLiabilitiesNet', window );">Deferred income taxes, net (Note 10)</a></td>
<td class="nump">279,815<span></span>
</td>
<td class="nump">276,137<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="nump">1,145,610<span></span>
</td>
<td class="nump">1,124,433<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">780,431<span></span>
</td>
<td class="nump">$ 873,710<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_A6.25NotesMember', window );">6.25% Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">Debt Instrument, Fair Value Disclosure</a></td>
<td class="nump">614,982<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NotesAndLoansPayable', window );">Notes and Loans Payable</a></td>
<td class="nump">600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_EPRSecuredNotesMember', window );">EPR Secured Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">Debt Instrument, Fair Value Disclosure</a></td>
<td class="nump">182,926<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NotesAndLoansPayable', window );">Notes and Loans Payable</a></td>
<td class="nump">130,899<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_A00NotesMember', window );">0.0% Notes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">Debt Instrument, Fair Value Disclosure</a></td>
<td class="nump">530,311<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NotesAndLoansPayable', window );">Notes and Loans Payable</a></td>
<td class="nump">575,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_NRPLoanMember', window );">NRP Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">Debt Instrument, Fair Value Disclosure</a></td>
<td class="nump">31,809<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NotesAndLoansPayable', window );">Notes and Loans Payable</a></td>
<td class="nump">$ 37,305<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_AccountsPayableAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of liabilities incurred (of which invoices have been received and for which invoice have not yet been received or will not be rendered). Includes deferred revenue, accrued interest expense, deposits, accrued salaries, wages and benefits and other accrued liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_AccountsPayableAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_InterestRateSwapNotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Interest Rate Swap, Notional Amount</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_InterestRateSwapNotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapitalCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdvertisingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 720<br> -SubTopic 35<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483406/720-35-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdvertisingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) from the increase (decrease) in fair value of derivative and nonderivative instruments designated as fair value hedging instruments recognized in the income statement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 815<br> -SubTopic 25<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480238/815-25-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69C<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1D<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-10<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxLiabilitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences with jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(15)(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-4<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxLiabilitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of net gains or losses on interest rate cash flow hedges reclassified during the period to earnings from accumulated other comprehensive income upon the hedged transaction affecting earnings.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtAndCapitalLeaseObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt and lease obligation, classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -SubTopic 10<br> -Topic 210<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtAndCapitalLeaseObligations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesAndLoansPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Including the current and noncurrent portions, carrying value as of the balance sheet date of all notes and loans payable (with maturities initially due after one year or beyond the operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -SubTopic 10<br> -Topic 210<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesAndLoansPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiabilityNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiabilityNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated undistributed earnings (deficit).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480990/946-20-50-11<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(17))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_A6.25NotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_A6.25NotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_EPRSecuredNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_EPRSecuredNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_A00NotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_A00NotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_NRPLoanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_NRPLoanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>55
<FILENAME>R36.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259992372592">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Summary On Estimated Useful Life Of Property, Plant And Equipment) (Details)<br></strong></div></th>
<th class="th"><div>Jul. 31, 2024</div></th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_SoftwareAndSoftwareDevelopmentCostsMember', window );">Software and Software Development Costs [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member] | Land Improvements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">10 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member] | Buildings and Building Improvements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">7 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member] | Machinery and Equipment [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">2 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member] | Furniture and Fixtures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member] | Vehicles [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member] | Land Improvements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">35 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member] | Buildings and Building Improvements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">30 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member] | Machinery and Equipment [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">30 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member] | Furniture and Fixtures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">10 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member] | Vehicles [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Estimated life in years</a></td>
<td class="text">10 years<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_SoftwareAndSoftwareDevelopmentCostsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_SoftwareAndSoftwareDevelopmentCostsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_VehiclesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_VehiclesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>56
<FILENAME>R37.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259988571680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Allocation Of Stock-Based Compensation Expense) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Pre-tax stock-based compensation expense</a></td>
<td class="nump">$ 26,803<span></span>
</td>
<td class="nump">$ 25,409<span></span>
</td>
<td class="nump">$ 24,885<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense', window );">Less: benefit for income taxes</a></td>
<td class="nump">6,157<span></span>
</td>
<td class="nump">5,951<span></span>
</td>
<td class="nump">6,189<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax', window );">Net stock-based compensation expense</a></td>
<td class="nump">20,646<span></span>
</td>
<td class="nump">19,458<span></span>
</td>
<td class="nump">18,696<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mtn_MountainOperatingExpenseMember', window );">Mountain Operating Expense [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Pre-tax stock-based compensation expense</a></td>
<td class="nump">23,234<span></span>
</td>
<td class="nump">21,242<span></span>
</td>
<td class="nump">20,892<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mtn_LodgingOperatingExpenseMember', window );">Lodging Operating Expense [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Pre-tax stock-based compensation expense</a></td>
<td class="nump">3,349<span></span>
</td>
<td class="nump">3,972<span></span>
</td>
<td class="nump">3,737<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mtn_RealEstateOperatingExpenseMember', window );">Real Estate Operating Expense [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Pre-tax stock-based compensation expense</a></td>
<td class="nump">$ 220<span></span>
</td>
<td class="nump">$ 195<span></span>
</td>
<td class="nump">$ 256<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllocatedShareBasedCompensationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of expense for award under share-based payment arrangement. Excludes amount capitalized.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 14.F)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(1)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AllocatedShareBasedCompensationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after tax, of expense for award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of tax benefit for recognition of expense of award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(1)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=mtn_MountainOperatingExpenseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=mtn_MountainOperatingExpenseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=mtn_LodgingOperatingExpenseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=mtn_LodgingOperatingExpenseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=mtn_RealEstateOperatingExpenseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=mtn_RealEstateOperatingExpenseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>57
<FILENAME>R38.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259993090768">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenues (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts Receivable, after Allowance for Credit Loss, Current</a></td>
<td class="nump">$ 375,752<span></span>
</td>
<td class="nump">$ 381,067<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainRevenueNet', window );">Mountain Revenue Net</a></td>
<td class="nump">2,544,370<span></span>
</td>
<td class="nump">2,540,906<span></span>
</td>
<td class="nump">$ 2,213,114<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingRevenueNet', window );">Lodging</a></td>
<td class="nump">336,117<span></span>
</td>
<td class="nump">340,393<span></span>
</td>
<td class="nump">312,090<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ResortRevenueNet', window );">Resort net revenue</a></td>
<td class="nump">2,880,487<span></span>
</td>
<td class="nump">2,881,299<span></span>
</td>
<td class="nump">2,525,204<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_RealEstateRevenue', window );">Real Estate</a></td>
<td class="nump">4,704<span></span>
</td>
<td class="nump">8,065<span></span>
</td>
<td class="nump">708<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
<td class="nump">2,885,191<span></span>
</td>
<td class="nump">2,889,364<span></span>
</td>
<td class="nump">2,525,912<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredRevenueCurrent', window );">Deferred Revenue, Current</a></td>
<td class="nump">575,766<span></span>
</td>
<td class="nump">572,602<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_ProductOrServiceAxis=mtn_DiningMember', window );">Dining</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingRevenueNet', window );">Lodging</a></td>
<td class="nump">63,255<span></span>
</td>
<td class="nump">62,445<span></span>
</td>
<td class="nump">48,569<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_ProductOrServiceAxis=mtn_OwnedHotelRevenueMember', window );">Owned hotel rooms</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingRevenueNet', window );">Lodging</a></td>
<td class="nump">83,977<span></span>
</td>
<td class="nump">80,117<span></span>
</td>
<td class="nump">80,579<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_ProductOrServiceAxis=mtn_ManagedcondominiumroomsMember', window );">Managed condominium rooms</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingRevenueNet', window );">Lodging</a></td>
<td class="nump">86,199<span></span>
</td>
<td class="nump">96,785<span></span>
</td>
<td class="nump">97,704<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_ProductOrServiceAxis=mtn_TransportationMember', window );">Transportation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingRevenueNet', window );">Lodging</a></td>
<td class="nump">16,309<span></span>
</td>
<td class="nump">15,242<span></span>
</td>
<td class="nump">16,021<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_ProductOrServiceAxis=mtn_GolfMember', window );">Golf</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingRevenueNet', window );">Lodging</a></td>
<td class="nump">13,722<span></span>
</td>
<td class="nump">12,737<span></span>
</td>
<td class="nump">10,975<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_ProductOrServiceAxis=mtn_OtherLodgingRevenueMember', window );">Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingRevenueNet', window );">Lodging</a></td>
<td class="nump">56,368<span></span>
</td>
<td class="nump">55,816<span></span>
</td>
<td class="nump">46,500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_ProductOrServiceAxis=mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember', window );">Lodging revenue (excluding payroll cost reimbursements) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingRevenueNet', window );">Lodging</a></td>
<td class="nump">319,830<span></span>
</td>
<td class="nump">323,142<span></span>
</td>
<td class="nump">300,348<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_ProductOrServiceAxis=mtn_PayrollcostreimbursementsMember', window );">Payroll cost reimbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingRevenueNet', window );">Lodging</a></td>
<td class="nump">16,287<span></span>
</td>
<td class="nump">17,251<span></span>
</td>
<td class="nump">11,742<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_OtherMountainRevenueMember', window );">Other | Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainRevenueNet', window );">Mountain Revenue Net</a></td>
<td class="nump">252,270<span></span>
</td>
<td class="nump">246,605<span></span>
</td>
<td class="nump">203,783<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_RetailRentalMember', window );">Retail/Rental | Retail/Rental</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainRevenueNet', window );">Mountain Revenue Net</a></td>
<td class="nump">317,196<span></span>
</td>
<td class="nump">361,484<span></span>
</td>
<td class="nump">311,768<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_DiningMember', window );">Dining | Dining</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainRevenueNet', window );">Mountain Revenue Net</a></td>
<td class="nump">227,572<span></span>
</td>
<td class="nump">224,642<span></span>
</td>
<td class="nump">163,705<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_SkiSchoolMember', window );">Ski School | Ski School</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainRevenueNet', window );">Mountain Revenue Net</a></td>
<td class="nump">304,548<span></span>
</td>
<td class="nump">287,275<span></span>
</td>
<td class="nump">223,645<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_LiftTicketsMember', window );">Lift | Lift</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisaggregationOfRevenueLineItems', window );"><strong>Disaggregation of Revenue [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainRevenueNet', window );">Mountain Revenue Net</a></td>
<td class="nump">$ 1,442,784<span></span>
</td>
<td class="nump">$ 1,420,900<span></span>
</td>
<td class="nump">$ 1,310,213<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_LodgingRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Revenue generated from owned and managed hotels and condominiums, transportation, golf and other activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_LodgingRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MountainRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Revenue mainly derived from the sale of lift tickets and season ski passes, ski school, food and beverage, retail/rental and other revenue associated with mountain operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MountainRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_RealEstateRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Real Estate Revenue</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_RealEstateRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ResortRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The sum of mountain and lodging segment revenue.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ResortRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 310<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481990/310-10-45-2<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 310<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481990/310-10-45-9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsReceivableNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredRevenueCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable, classified as current.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(20))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredRevenueCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisaggregationOfRevenueLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 91<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 91<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 91<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 91<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 91<br> -Subparagraph (e)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 91<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 91<br> -Subparagraph (g)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisaggregationOfRevenueLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 42<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 40<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 41<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_DiningMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_DiningMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_OwnedHotelRevenueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_OwnedHotelRevenueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_ManagedcondominiumroomsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_ManagedcondominiumroomsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_TransportationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_TransportationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_GolfMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_GolfMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_OtherLodgingRevenueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_OtherLodgingRevenueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_PayrollcostreimbursementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_PayrollcostreimbursementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_OtherMountainRevenueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_OtherMountainRevenueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_OtherMountainRevenueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_OtherMountainRevenueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_RetailRentalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_RetailRentalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_RetailRentalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_RetailRentalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_DiningMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_DiningMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_SkiSchoolMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_SkiSchoolMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_SkiSchoolMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_SkiSchoolMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_LiftTicketsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_LiftTicketsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ProductOrServiceAxis=mtn_LiftTicketsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=mtn_LiftTicketsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>58
<FILENAME>R39.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259993229152">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenues Contract Balances (Details)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Jul. 31, 2024 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2023 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ContractBalancesAbstract', window );"><strong>Contract Balances [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ContractWithCustomerLiabilityCurrent', window );">Contract with Customer, Liability, Current</a></td>
<td class="nump">$ 575.8<span></span>
</td>
<td class="nump">$ 572.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ContractWithCustomerLiabilityNoncurrent', window );">Contract with Customer, Liability, Noncurrent</a></td>
<td class="nump">104.9<span></span>
</td>
<td class="nump">$ 109.7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ContractWithCustomerLiabilityRevenueRecognized', window );">Recognition of Deferred Revenue</a></td>
<td class="nump">$ 547.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod', window );">Private Club Recognized Initiation Fees Average Remaining Period</a></td>
<td class="nump">15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ContractBalancesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Contract Balances [Abstract]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ContractBalancesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Recognized private club initiation fees, average remaining period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:positiveIntegerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ContractWithCustomerLiabilityCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479837/606-10-45-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-8<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479837/606-10-45-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ContractWithCustomerLiabilityCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ContractWithCustomerLiabilityNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479837/606-10-45-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-8<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479837/606-10-45-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ContractWithCustomerLiabilityNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ContractWithCustomerLiabilityRevenueRecognized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized that was previously included in balance of obligation to transfer good or service to customer for which consideration from customer has been received or is due.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 606<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479806/606-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ContractWithCustomerLiabilityRevenueRecognized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>59
<FILENAME>R40.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259993885024">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenues Costs to Obtain Contracts with Customers (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_CoststoObtainContractswithCustomersAbstract', window );"><strong>Costs to Obtain Contracts with Customers [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CapitalizedContractCostNet', window );">Capitalized Contract Cost, Net</a></td>
<td class="nump">$ 5.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CapitalizedContractCostAmortization', window );">Capitalized Contract Cost, Amortization</a></td>
<td class="nump">$ 28.6<span></span>
</td>
<td class="nump">$ 25.2<span></span>
</td>
<td class="nump">$ 22.1<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_CoststoObtainContractswithCustomersAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Costs to Obtain Contracts with Customers [Abstract]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_CoststoObtainContractswithCustomersAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalizedContractCostAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense for asset recognized from cost incurred to obtain or fulfill contract with customer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 340<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CapitalizedContractCostAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalizedContractCostNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after accumulated amortization and accumulated impairment loss, of asset recognized from cost incurred to obtain or fulfill contract with customer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 340<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CapitalizedContractCostNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>60
<FILENAME>R41.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991568464">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths', window );">Operating Leases, Future Minimum Payments Due, Next Twelve Months</a></td>
<td class="nump">$ 50,284<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths', window );">Finance Lease, Liability, Payments, Due in Next Rolling Twelve Months</a></td>
<td class="nump">37,253<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeasePayments', window );">Operating Lease, Payments</a></td>
<td class="nump">64,724<span></span>
</td>
<td class="nump">$ 65,216<span></span>
</td>
<td class="nump">$ 59,818<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseRightOfUseAssetAmortization', window );">Finance Lease, Right-of-Use Asset, Amortization</a></td>
<td class="nump">11,811<span></span>
</td>
<td class="nump">11,701<span></span>
</td>
<td class="nump">9,011<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseInterestExpense', window );">Finance Lease, Interest Expense</a></td>
<td class="nump">41,258<span></span>
</td>
<td class="nump">40,098<span></span>
</td>
<td class="nump">35,881<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseCost', window );">Operating Lease, Cost</a></td>
<td class="nump">46,613<span></span>
</td>
<td class="nump">45,385<span></span>
</td>
<td class="nump">43,295<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShortTermLeaseCost', window );">Short-term Lease, Cost</a></td>
<td class="nump">22,434<span></span>
</td>
<td class="nump">22,759<span></span>
</td>
<td class="nump">15,614<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_VariableLeaseCost', window );">Variable Lease, Cost</a></td>
<td class="nump">2,694<span></span>
</td>
<td class="nump">3,204<span></span>
</td>
<td class="nump">2,309<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_OperatingCashOutflowsforFinanceLeases', window );">Operating Cash Outflows for Finance Leases</a></td>
<td class="nump">$ 54,469<span></span>
</td>
<td class="nump">$ 54,788<span></span>
</td>
<td class="nump">37,573<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent', window );">Operating Lease, Weighted Average Discount Rate, Percent</a></td>
<td class="nump">5.80%<span></span>
</td>
<td class="nump">4.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent', window );">Finance Lease, Weighted Average Discount Rate, Percent</a></td>
<td class="nump">9.90%<span></span>
</td>
<td class="nump">9.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo', window );">Operating Leases, Future Minimum Payments, Due in Two Years</a></td>
<td class="nump">$ 46,337<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree', window );">Operating Leases, Future Minimum Payments, Due in Three Years</a></td>
<td class="nump">41,961<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour', window );">Finance Lease, Liability, to be Paid, Year Four</a></td>
<td class="nump">37,644<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour', window );">Operating Leases, Future Minimum Payments, Due in Four Years</a></td>
<td class="nump">36,095<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive', window );">Finance Lease, Liability, to be Paid, Year Five</a></td>
<td class="nump">38,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive', window );">Operating Leases, Future Minimum Payments, Due in Five Years</a></td>
<td class="nump">30,038<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive', window );">Finance Lease, Liability, to be Paid, after Year Five</a></td>
<td class="nump">1,696,212<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive', window );">Lessee, Operating Lease, Liability, to be Paid, after Year Five</a></td>
<td class="nump">166,347<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue', window );">Lessee, Operating Lease, Liability, to be Paid</a></td>
<td class="nump">371,062<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiabilityPaymentsDue', window );">Finance Lease, Liability, Payment, Due</a></td>
<td class="nump">1,885,103<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount', window );">Lessee, Operating Lease, Liability, Undiscounted Excess Amount</a></td>
<td class="num">(104,986)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount', window );">Finance Lease, Liability, Undiscounted Excess Amount</a></td>
<td class="num">(1,467,013)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiability', window );">Operating Lease, Liability</a></td>
<td class="nump">266,076<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiability', window );">Finance Lease, Liability</a></td>
<td class="nump">418,090<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="nump">2,787,638<span></span>
</td>
<td class="nump">$ 2,825,649<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability', window );">Right-of-Use Asset Obtained in Exchange for Operating Lease Liability</a></td>
<td class="nump">106,501<span></span>
</td>
<td class="nump">30,342<span></span>
</td>
<td class="nump">23,190<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability', window );">Right-of-Use Asset Obtained in Exchange for Finance Lease Liability</a></td>
<td class="nump">$ 14,093<span></span>
</td>
<td class="nump">$ 39,114<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1', window );">Operating Lease, Weighted Average Remaining Lease Term</a></td>
<td class="text">11 years<span></span>
</td>
<td class="text">9 years 2 months 12 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1', window );">Finance Lease, Weighted Average Remaining Lease Term</a></td>
<td class="text">36 years<span></span>
</td>
<td class="text">37 years 7 months 6 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo', window );">Finance Lease, Liability, to be Paid, Year Two</a></td>
<td class="nump">$ 37,447<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree', window );">Finance Lease, Liability, to be Paid, Year Three</a></td>
<td class="nump">37,647<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_CurrentOperatingLeaseLiability', window );">Current operating lease liability</a></td>
<td class="nump">$ 32,611<span></span>
</td>
<td class="nump">$ 36,904<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList', window );">Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]</a></td>
<td class="text">Other Liabilities<span></span>
</td>
<td class="text">Other Liabilities<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList', window );">Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]</a></td>
<td class="text">Goodwill<span></span>
</td>
<td class="text">Goodwill<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Operating right-of-use assets (Note 4)</a></td>
<td class="nump">$ 256,627<span></span>
</td>
<td class="nump">$ 192,289<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeasesTextBlock', window );">Lessee, Operating Leases</a></td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.&#160;&#160;&#160;&#160;Leases</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s operating leases consist primarily of resort land and land improvements, commercial and retail space, office space, employee residential units, vehicles and other equipment. The Company determines if an arrangement is or contains a lease at contract inception or modification. The Company&#8217;s lease contracts generally range from&#160;1 year&#160;to&#160;approximately 70&#160;years, with some lease contracts containing one or more lease extension options, exercisable at the Company&#8217;s discretion. The Company generally does not include these lease extension options in the initial lease term as it is not reasonably certain that it will exercise such options at contract inception. In addition, certain lease arrangements contain fixed and variable lease payments. The variable lease payments are primarily contingent rental payments based on: (i) a percentage of revenue related to the leased property; (ii) payments based on a percentage of sales over contractual levels; or (iii) lease payments adjusted for changes in an index or market value. These variable lease payments are typically recognized when the underlying event occurs and are included in operating expenses on the Company&#8217;s Consolidated Statements of Operations in the same line item as the expense arising from the respective fixed lease payments. The Company&#8217;s lease agreements may also include non-lease components, such as common area maintenance and insurance, which are accounted for separately. Future lease payments that are contingent or represent non-lease components are not included in the measurement of the operating lease liability. The Company&#8217;s lease agreements do not contain any material residual value guarantees or restrictive covenants. Lease expense related to lease payments is recognized on a straight-line basis over the term of the lease.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s leases do not provide a readily determinable implicit rate. As a result, the Company measures the lease liability using an estimated incremental borrowing rate which is intended to reflect the rate of interest the Company would pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. The Company applies the estimated incremental borrowing rates at a portfolio level based on the economic environment associated with the lease.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company uses the long-lived assets impairment guidance to determine recognition and measurement of an ROU asset impairment, if any. The Company monitors for events or changes in circumstances that require a reassessment.</span></div><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The components of lease expense for the years ended July&#160;31, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 and 2022</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> were as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.806%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.448%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Finance leases:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of the finance ROU assets</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,811&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,701&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,011&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest on lease liabilities </span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,258&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,098&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,881&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating leases:</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease expense</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,613&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,385&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,295&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Short-term lease expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,434&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,759&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,614&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Variable lease expense </span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,694&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,204&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,309&#160;</span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Short-term lease expense is attributable to leases with terms of 12 months or less and no ROU assets or lease liabilities are included within the Company&#8217;s Consolidated Balance Sheets.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the supplemental cash flow information associated with the Company&#8217;s leasing activities for the years ended </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 and 2022 (in thousands):</span></div><div style="margin-top:8pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year ended July 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cash flow supplemental information:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash outflows for operating and short-term leases </span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,724&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65,216&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59,818&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating cash outflows for lease- and non-lease components of finance leases</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,469&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,788&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,573&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-cash supplemental information:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating ROU assets obtained in exchange for operating lease obligations </span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,501&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,342&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,190&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance ROU assets obtained in exchange for finance lease obligations</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,093&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,114&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weighted-average remaining lease terms and discount rates as of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024 and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023 are as follows:</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.081%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">July 31, 2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted-average remaining lease term (in years)</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating leases</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.0</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.2</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance leases </span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36.0</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37.6</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted-average discount rate </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating leases</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.8&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.9&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance leases </span></td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.9&#160;</span></td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.9&#160;</span></td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future fixed lease payments for operating and finance leases as of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July&#160;31, 2024</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> reflected by fiscal year (August 1 through July 31) are as follows (in thousands):</span></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.081%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Operating Leases </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Finance Leases </span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50,284&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,253&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,337&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,447&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,961&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,647&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,095&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,644&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,038&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38,900&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">166,347&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,696,212&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total future minimum lease payments </span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">371,062&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,885,103&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less amount representing interest </span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(104,986)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,467,013)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total lease liabilities </span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">266,076&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">418,090&#160;</span></td><td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The current portion of operating lease liabilities of approximately $32.6&#160;million and $36.9&#160;million as of July&#160;31, 2024 and 2023, respectively, is recorded within accounts payables and accrued liabilities in the accompanying Consolidated Balance Sheets. Finance lease liabilities are recorded within long-term debt, net in the accompanying Consolidated Balance Sheets.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Canyons finance lease obligation was $369.1&#160;million and $363.4 million as of July&#160;31, 2024 and 2023, respectively, which represents the estimated annual fixed lease payments for the remaining period of the initial 50 year term of the lease assuming annual increases at the floor of 2% and discounted using an interest rate of 10%. As of July&#160;31, 2024 and 2023, respectively, the Company has recorded $81.9 million and $90.2&#160;million of net finance lease ROU assets in connection with the Canyons lease, net of $101.7 million and $93.4 million of accumulated amortization, which is included within property, plant and equipment, net in the Company&#8217;s Consolidated Balance Sheets.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Whistler Blackcomb employee housing finance lease obligation was $27.9&#160;million and $29.5 million as of July&#160;31, 2024 and 2023, respectively, which represents the minimum lease payments for the remaining period of the initial 20 year term of the lease, net of amounts representing interest, discounted using an interest rate of 6.95%. As of July&#160;31, 2024 and 2023, respectively, the Company has recorded $25.7&#160;million and $27.5 million of net finance lease ROU assets in connection with these leases, net of $2.5&#160;million and $1.1 million of accumulated amortization, which is included within property, plant and equipment, net in the Company&#8217;s Consolidated Balance Sheet.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended July 31, 2024, the Company reassessed its lease agreements for the operations of Northstar Resort (&#8220;Northstar&#8221;), for which the initial lease terms expire in January 2027 and the agreements provide for three 10-year optional lease extensions. Prior to the year ended July 31, 2024, the Company had not determined that it was reasonably certain to exercise any of the optional lease extensions for Northstar and, accordingly, only the initial lease terms were considered in the measurement of the ROU assets and lease liabilities. During the year ended July 31, 2024, due to near-term operating decisions which would be influenced by the decision to extend the lease, the Company reassessed the lease extensions and determined that it was reasonably certain that it will exercise the first of its 10-year optional lease extensions at Northstar, and as a result, the Company recorded incremental operating ROU assets and operating lease liabilities of $75.7&#160;million each. Additionally, the Company recorded finance lease ROU assets of $13.1&#160;million and finance lease obligations of $12.8&#160;million as of July&#160;31, 2024, which represent the minimum lease payments for the remaining 13 year reassessed term of the lease, net of amounts representing interest, related to assets for which the Company determined that the remaining reassessed lease term represented a major part of the remaining economic life of such assets. As of the remeasurement date for the Northstar leases, the ROU assets and liabilities were discounted using an interest rate of 6.6%.</span></div><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LesseeOperatingAndFinanceLeaseTerm', window );">Lessee Operating And Finance Lease Term</a></td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LesseeOperatingAndFinanceLeaseTerm', window );">Lessee Operating And Finance Lease Term</a></td>
<td class="text">70 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_CanyonsObligationMember', window );">Canyons Obligation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="nump">$ 369,143<span></span>
</td>
<td class="nump">363,386<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseRightOfUseAsset', window );">Operating Lease, Right-of-Use Asset</a></td>
<td class="nump">81,900<span></span>
</td>
<td class="nump">90,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization', window );">Finance Lease, Right-of-Use Asset, Accumulated Amortization</a></td>
<td class="nump">101,700<span></span>
</td>
<td class="nump">93,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_WhistlerEmployeeHousingLeasesMember', window );">Whistler Employee Housing Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="nump">27,900<span></span>
</td>
<td class="nump">29,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseRightOfUseAsset', window );">Operating Lease, Right-of-Use Asset</a></td>
<td class="nump">25,700<span></span>
</td>
<td class="nump">27,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization', window );">Finance Lease, Right-of-Use Asset, Accumulated Amortization</a></td>
<td class="nump">2,500<span></span>
</td>
<td class="nump">$ 1,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_NorthstarResortFinanceLeasesMember', window );">Northstar Resort Finance Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="nump">12,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseRightOfUseAsset', window );">Operating Lease, Right-of-Use Asset</a></td>
<td class="nump">13,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_NorthstarMember', window );">Northstar [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="nump">$ 75,700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_CurrentOperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Current operating lease liability</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_CurrentOperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_LesseeOperatingAndFinanceLeaseTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Lessee Operating And Finance Lease Term</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_LesseeOperatingAndFinanceLeaseTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_OperatingCashOutflowsforFinanceLeases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Operating Cash Outflows for Finance Leases</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_OperatingCashOutflowsforFinanceLeases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseInterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of interest expense on finance lease liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-4<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseInterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from finance lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiabilityPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments for finance lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiabilityPaymentsDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicates line item in statement of financial position that includes finance lease liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>enum2:enumerationSetItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for finance lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after accumulated amortization, of right-of-use asset from finance lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseRightOfUseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated amortization of right-of-use asset from finance lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (a)<br> -SubTopic 20<br> -Topic 842<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-4<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -SubTopic 20<br> -Topic 842<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseRightOfUseAssetAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense attributable to right-of-use asset from finance lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-4<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseRightOfUseAssetAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicates line item in statement of financial position that includes finance lease right-of-use asset.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>enum2:enumerationSetItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Weighted average discount rate for finance lease calculated at point in time.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining lease term for finance lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease due after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeasesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Publisher FASB<br> -URI https://asc.fasb.org//842-20/tableOfContent<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeOperatingLeasesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -SubTopic 10<br> -Topic 210<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69C<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1D<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasePayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 5<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-5<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasePayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Weighted average discount rate for operating lease calculated at point in time.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in right-of-use asset obtained in exchange for finance lease liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in right-of-use asset obtained in exchange for operating lease liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermLeaseCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of short-term lease cost, excluding expense for lease with term of one month or less.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermLeaseCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableLeaseCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of variable lease cost, excluded from lease liability, recognized when obligation for payment is incurred for finance and operating leases.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 53<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableLeaseCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_CanyonsObligationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_CanyonsObligationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_WhistlerEmployeeHousingLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_WhistlerEmployeeHousingLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_NorthstarResortFinanceLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_NorthstarResortFinanceLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_NorthstarMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_NorthstarMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>61
<FILENAME>R42.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989672320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Net Income Per Common Share (Details) - USD ($)<br> $ / shares in Units, $ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Oct. 24, 2024</div></th>
<th class="th"><div>Oct. 08, 2024</div></th>
<th class="th"><div>Sep. 25, 2024</div></th>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
<th class="th"><div>Dec. 18, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 230,405<span></span>
</td>
<td class="nump">$ 268,148<span></span>
</td>
<td class="nump">$ 347,923<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_WeightedAverageNumberofSharesOutstandingCommon', window );">Weighted Average Number of Shares Outstanding, Common</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">37,868,000<span></span>
</td>
<td class="nump">39,654,000<span></span>
</td>
<td class="nump">40,433,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_WeightedAverageNumberofSharesOutstandingExchangeable', window );">Weighted Average Number of Shares Outstanding, Exchangeable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">32,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Weighted-average shares outstanding, basic (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">37,868,000<span></span>
</td>
<td class="nump">39,654,000<span></span>
</td>
<td class="nump">40,465,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment', window );">Effect of dilutive securities, diluted (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">89,000<span></span>
</td>
<td class="nump">106,000<span></span>
</td>
<td class="nump">222,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Weighted-average shares outstanding, diluted (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">37,957,000<span></span>
</td>
<td class="nump">39,760,000<span></span>
</td>
<td class="nump">40,687,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic net income per share attributable to Vail Resorts, Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6.08<span></span>
</td>
<td class="nump">$ 6.76<span></span>
</td>
<td class="nump">$ 8.60<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted net income per share attributable to Vail Resorts, Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6.07<span></span>
</td>
<td class="nump">$ 6.74<span></span>
</td>
<td class="nump">$ 8.55<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount', window );">Anti-dilutive securities (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,000<span></span>
</td>
<td class="nump">22,000<span></span>
</td>
<td class="nump">6,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockDividendsPerShareCashPaid', window );">Common Stock, Dividends, Per Share, Cash Paid</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 8.56<span></span>
</td>
<td class="nump">$ 7.94<span></span>
</td>
<td class="nump">$ 5.58<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockDividendsPerShareDeclared', window );">Cash dividends declared per share (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 8.56<span></span>
</td>
<td class="nump">$ 7.94<span></span>
</td>
<td class="nump">$ 5.58<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsOfDividends', window );">Dividends (Note 3)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 323,684<span></span>
</td>
<td class="nump">$ 314,350<span></span>
</td>
<td class="nump">$ 225,786<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_ConvertibleDebtMember', window );">Convertible Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debt Instrument, Face Amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 575,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument, Interest Rate, Stated Percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_StatementScenarioAxis=srt_ScenarioForecastMember', window );">Forecast [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CommonStockDividendsPerShareDeclared', window );">Cash dividends declared per share (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2.22<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_StatementScenarioAxis=srt_ScenarioForecastMember', window );">Forecast [Member] | Dividend Declared</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DividendPayableDateToBePaidDayMonthAndYear', window );">Dividends Payable, Date to be Paid</a></td>
<td class="text">Oct. 24,  2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear', window );">Dividends Payable, Date of Record</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Oct.  08,  2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_WeightedAverageNumberofSharesOutstandingCommon">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Weighted Average Number of Shares Outstanding, Common</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_WeightedAverageNumberofSharesOutstandingCommon</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_WeightedAverageNumberofSharesOutstandingExchangeable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Weighted Average Number of Shares Outstanding, Exchangeable</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_WeightedAverageNumberofSharesOutstandingExchangeable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockDividendsPerShareCashPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends paid during the period for each share of common stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockDividendsPerShareCashPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockDividendsPerShareDeclared">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends declared during the period for each share of common stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockDividendsPerShareDeclared</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 835<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482900/835-30-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69C<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateStatedPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Contractual interest rate for funds borrowed, under the debt agreement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1B<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateStatedPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendPayableDateToBePaidDayMonthAndYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Date the declared dividend will be paid, in YYYY-MM-DD format.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482913/230-10-50-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendPayableDateToBePaidDayMonthAndYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPayableDateOfRecordDayMonthAndYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Date the holder must own the stock to be entitled to the dividend, in YYYY-MM-DD format.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPayableDateOfRecordDayMonthAndYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 15<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482635/260-10-55-15<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (e)(4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-2<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-10<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(25))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(27))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(23))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 16: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 52<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-7<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 15<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482635/260-10-55-15<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (e)(4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-2<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(25))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(27))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(23))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 15: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 52<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-7<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4<br><br>Reference 13: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(1)(d))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 29: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B<br><br>Reference 32: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 33: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 34: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 205<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7<br><br>Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 16<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-16<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-10<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=us-gaap_ConvertibleDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=us-gaap_ConvertibleDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_StatementScenarioAxis=srt_ScenarioForecastMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_StatementScenarioAxis=srt_ScenarioForecastMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsAxis=us-gaap_DividendDeclaredMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsAxis=us-gaap_DividendDeclaredMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>62
<FILENAME>R43.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259982524208">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt (Schedule Of Debt Instruments) (Details)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>May 29, 2013 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2024 </div>
<div>USD ($) </div>
<div>d </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Jul. 31, 2023 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 18, 2020 </div>
<div>$ / shares</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LineOfCredit', window );">Long-term Line of Credit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 959,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee', window );">Debt Instrument, Unused Borrowing Capacity, Fee</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.0030<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_InterestRateSwapNotionalAmount', window );">Interest Rate Swap, Notional Amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">400,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,787,638,000<span></span>
</td>
<td class="nump">$ 2,825,649,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet', window );">Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,888,000<span></span>
</td>
<td class="nump">5,814,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtCurrent', window );">Less: Current maturities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">57,153,000<span></span>
</td>
<td class="nump">69,160,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term debt, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,721,597,000<span></span>
</td>
<td class="nump">2,750,675,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InterestExpenseDebt', window );">Interest Expense, Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">161,800,000<span></span>
</td>
<td class="nump">153,000,000.0<span></span>
</td>
<td class="nump">$ 148,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AmortizationOfFinancingCosts', window );">Amortization of Financing Costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,300,000<span></span>
</td>
<td class="nump">6,700,000<span></span>
</td>
<td class="nump">5,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IntercompanyForeignCurrencyBalanceAmount', window );">Intercompany Foreign Currency Balance, Amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">32,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax', window );">Foreign currency loss on intercompany loans (Note 6)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,140,000)<span></span>
</td>
<td class="num">(2,907,000)<span></span>
</td>
<td class="num">$ (2,682,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths', window );">Long-Term Debt, Maturity, Year One</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">64,586,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo', window );">Long-Term Debt, Maturity, Year Two</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">632,202,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree', window );">Long-Term Debt, Maturity, Year Three</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">74,719,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour', window );">Long-Term Debt, Maturity, Year Four</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">55,772,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive', window );">Long-Term Debt, Maturity, Year Five</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">770,033,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive', window );">Long-Term Debt, Maturity, after Year Five</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,190,326,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance', window );">Convertible Debt Partial Redemption Minimum Remaining Balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature', window );">Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 27,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DerivativeFixedInterestRate', window );">Derivative, Fixed Interest Rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.38%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProceedsFromUnsecuredNotesPayable', window );">Proceeds from Unsecured Notes Payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 600,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SaleLeasebackTransactionHistoricalCost', window );">Sale Leaseback Transaction, Historical Cost</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MtnInterestRateSwapNotionalAmount', window );">mtn:InterestRateSwapNotionalAmount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">400,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RepaymentsOfNotesPayable', window );">Repayments of Notes Payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">65,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Credit Facility Revolver [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Line of Credit Facility, Maximum Borrowing Capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">500,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2029<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1', window );">Basis spread on LIBOR rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.60%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_WhistlerCreditAgreementrevolverMember', window );">Whistler Credit Agreement revolver [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Line of Credit Facility, Maximum Borrowing Capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 300,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityInitiationDate1', window );">Line of Credit Facility, Initiation Date</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Nov. 12,  2013<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage', window );">Line of Credit Facility, Unused Capacity, Commitment Fee Percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.39%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2028<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_EPRSecuredNotesMember', window );">EPR Secured Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_AnnualInterestRateIncreaseCap', window );">Annual Interest Rate Increase Cap</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 114,162,000<span></span>
</td>
<td class="nump">114,162,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_TermLoanMember', window );">Term Loan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentPeriodicPayment', window );">Debt Instrument, Periodic Payment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 12,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument, Interest Rate, Stated Percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6.94%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 959,766,000<span></span>
</td>
<td class="nump">1,015,625,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2029<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_EmployeeHousingBondsMember', window );">Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 52,575,000<span></span>
</td>
<td class="nump">52,575,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis', window );">Reference for interest rate determination</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">SOFR plus 0% to 0.20%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_CanyonsObligationMember', window );">Canyons Obligation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 369,143,000<span></span>
</td>
<td class="nump">363,386,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2063<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_OtherDebtMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 52,017,000<span></span>
</td>
<td class="nump">35,011,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_AlpineValleySecuredNoteMember', window );">Alpine Valley Secured Note [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument, Interest Rate, Stated Percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_BostonMillsBrandywineSecuredNoteMember', window );">Boston Mills Brandywine Secured Note [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument, Interest Rate, Stated Percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11.41%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 23,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_JackFrostBigBoulderSecuredNoteMember', window );">Jack Frost Big Boulder Secured Note [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument, Interest Rate, Stated Percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11.41%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 14,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_MountSnowSecuredNoteMember', window );">Mount Snow Secured Note [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument, Interest Rate, Stated Percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 51,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_HunterMountainSecuredNoteMember', window );">Hunter Mountain Secured Note [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument, Interest Rate, Stated Percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9.19%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_AnnualInterestRateIncreaseCap', window );">Annual Interest Rate Increase Cap</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.75%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 21,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember', window );">Convertible Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2026<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_WhistlerEmployeeHousingLeasesMember', window );">Whistler Employee Housing Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 27,900,000<span></span>
</td>
<td class="nump">29,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_A6.50NotesMember', window );">6.50% Notes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Line of Credit Facility, Maximum Borrowing Capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 600,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_HunterMountainSecuredNoteMember', window );">Hunter Mountain Secured Note [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_EPRAdditionalInterestRate', window );">EPR Additional Interest Rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_MountSnowSecuredNoteMember', window );">Mount Snow Secured Note [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_EPRAdditionalInterestRate', window );">EPR Additional Interest Rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_A6.25NotesMember', window );">6.25% Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">600,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2025<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_EPRSecuredNotesMember', window );">EPR Secured Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_EPRAdditionalInterestRate', window );">EPR Additional Interest Rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_BreckenridgeTerraceMember', window );">Breckenridge Terrace [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 19,980,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2039<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_TarnesMember', window );">Tarnes [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 10,410,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2039<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_BcHousingMember', window );">BC Housing [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 10,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2027<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_TenderfootMember', window );">Tenderfoot [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 11,585,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2035<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_ConvertibleNotesPayableMember', window );">Convertible Notes Payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debt Instrument, Face Amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 575,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 575,000,000<span></span>
</td>
<td class="nump">575,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentConvertibleConversionPrice1', window );">Debt Instrument, Convertible, Conversion Price | $ / shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 369.35<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 407.17<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger', window );">Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">130.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentConvertibleThresholdTradingDays', window );">Debt Instrument, Convertible, Threshold Trading Days | d</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1', window );">Debt Instrument, Convertible, Threshold Consecutive Trading Days | d</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term Debt, Fair Value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 465,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent', window );">Debt Instrument, Convertible, Carrying Amount of Equity Component</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">109,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet', window );">Debt Instrument, Unamortized Discount (Premium), Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 76,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1', window );">Debt Instrument Convertible Threshold Percentage of Stock Price Trigger 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9800.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentConvertibleMeasurementPeriod', window );">Debt Instrument, Convertible | d</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_AndermattSedrunMember', window );">Andermatt-Sedrun</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 37,088,000<span></span>
</td>
<td class="nump">40,399,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_WhistlerEmployeeHousingLeasesMember', window );">Whistler Employee Housing Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 27,887,000<span></span>
</td>
<td class="nump">29,491,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=mtn_A6.50NotesMember', window );">6.50% Notes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument, Interest Rate, Stated Percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 600,000,000<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheaMember', window );">Tranche A [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 37,780,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheaMember', window );">Tranche A [Member] | Breckenridge Terrace [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,980,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheaMember', window );">Tranche A [Member] | Tarnes [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheaMember', window );">Tranche A [Member] | BC Housing [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheaMember', window );">Tranche A [Member] | Tenderfoot [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheBMember', window );">Tranche B [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,795,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheBMember', window );">Tranche B [Member] | Breckenridge Terrace [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheBMember', window );">Tranche B [Member] | Tarnes [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,410,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheBMember', window );">Tranche B [Member] | BC Housing [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheBMember', window );">Tranche B [Member] | Tenderfoot [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 5,885,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member] | EPR Secured Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2036<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2039<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateDuringPeriod', window );">Long term debt interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5.73%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2037<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member] | EPR Secured Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2034<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member] | Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2027<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateDuringPeriod', window );">Long term debt interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5.53%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member] | Andermatt-Sedrun</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2036<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member] | Whistler Employee Housing Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DebtInstrumentYearofMaturity', window );">Fiscal year maturity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2042<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember', window );">Canyons [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1', window );">Business Acquisition, Effective Date of Acquisition</a></td>
<td class="text">May 24,  2013<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_InitialCapitalLeaseTerm', window );">Initial Capital Lease Term</a></td>
<td class="text">50 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_OptionalLeaseRenewalTerm', window );">Optional Lease Renewal Term</a></td>
<td class="text">six 50-year renewal options<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MinimumCapitalLeasePaymentAnnual', window );">Minimum Capital Lease Payment, Annual</a></td>
<td class="nump">$ 25,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_AdjustmentsToCapitalLeaseAnnualPayments', window );">Adjustments to Capital Lease Annual Payments</a></td>
<td class="text">inflation-linked index of CPI less 1% per annum, with a floor of 2%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateEffectivePercentage', window );">Finance Lease Obligation, Interest Rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccretionExpense', window );">Accretion Expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 63,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_WhistlerEmployeeHousingLeasesMember', window );">Whistler Employee Housing Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_InitialCapitalLeaseTerm', window );">Initial Capital Lease Term</a></td>
<td class="text">May 29, 2013<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateEffectivePercentage', window );">Finance Lease Obligation, Interest Rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">695.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_NorthstarResortFinanceLeasesMember', window );">Northstar Resort Finance Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_InitialCapitalLeaseTerm', window );">Initial Capital Lease Term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 year term<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_AdjustmentsToCapitalLeaseAnnualPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments to Capital Lease Annual Payments</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_AdjustmentsToCapitalLeaseAnnualPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_AnnualInterestRateIncreaseCap">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Annual Interest Rate Increase Cap</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_AnnualInterestRateIncreaseCap</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Convertible Debt Partial Redemption Minimum Remaining Balance</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DebtInstrumentConvertibleMeasurementPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument, Convertible, Measurement Period</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DebtInstrumentConvertibleMeasurementPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument Convertible Threshold Percentage of Stock Price Trigger 1</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DebtInstrumentYearofMaturity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument, Year of Maturity</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DebtInstrumentYearofMaturity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_EPRAdditionalInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>EPR Additional Interest Rate</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_EPRAdditionalInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_InitialCapitalLeaseTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Initial Capital Lease Term</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_InitialCapitalLeaseTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_InterestRateSwapNotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Interest Rate Swap, Notional Amount</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_InterestRateSwapNotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MinimumCapitalLeasePaymentAnnual">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Minimum amount of payment required annually for capital lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MinimumCapitalLeasePaymentAnnual</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MtnInterestRateSwapNotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>mtn:InterestRateSwapNotionalAmount</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MtnInterestRateSwapNotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_OptionalLeaseRenewalTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of years in optional renewal terms.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_OptionalLeaseRenewalTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccretionExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 420<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 35<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481639/420-10-35-4<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 420<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccretionExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -SubTopic 10<br> -Topic 505<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 51<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482663/740-10-55-51<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfFinancingCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense attributable to debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1F<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 835<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-3<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(8))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfFinancingCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Date when the acquirer obtains control of the acquiree, in YYYY-MM-DD format.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 25<br> -Paragraph 7<br> -SubTopic 10<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479405/805-10-25-7<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 25<br> -Paragraph 6<br> -SubTopic 10<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479405/805-10-25-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage points added to the reference rate to compute the variable rate on the debt instrument.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentBasisSpreadOnVariableRate1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The carrying amount of the equity component of convertible debt which may be settled in cash upon conversion.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentConvertibleConversionPrice1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The price per share of the conversion feature embedded in the debt instrument.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1B<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentConvertibleConversionPrice1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Threshold period of specified consecutive trading days within which common stock price to conversion price of convertible debt instrument must exceed threshold percentage for specified number of trading days to trigger conversion feature.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Minimum percentage of common stock price to conversion price of convertible debt instruments to determine eligibility of conversion.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentConvertibleThresholdTradingDays">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Threshold number of specified trading days that common stock price to conversion price of convertible debt instruments must exceed threshold percentage within a specified consecutive trading period to trigger conversion feature.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentConvertibleThresholdTradingDays</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Description of reference rate used for variable rate of debt instrument.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentDescriptionOfVariableRateBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 835<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482900/835-30-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69C<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateDuringPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The average effective interest rate during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1F<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateDuringPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateEffectivePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 835<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482900/835-30-50-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateEffectivePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateStatedPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Contractual interest rate for funds borrowed, under the debt agreement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1B<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateStatedPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentPeriodicPayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of the required periodic payments including both interest and principal payments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 470<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentPeriodicPayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of unamortized debt discount (premium) and debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69C<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1D<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-3<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after accumulated amortization, of debt discount (premium).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1A<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-4<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-3<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1D<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentUnusedBorrowingCapacityFee">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of commitment fees for the unused borrowing capacity under the long-term financing arrangement that is available to the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentUnusedBorrowingCapacityFee</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeFixedInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fixed interest rate related to the interest rate derivative.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeFixedInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(7))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 35<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482014/830-20-35-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481956/830-20-45-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481926/830-20-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 17<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481839/830-10-45-17<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntercompanyForeignCurrencyBalanceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of an intercompany foreign currency transactions that is of a long-term-investment nature, that is, settlement is not planned of anticipated in the foreseeable future.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IntercompanyForeignCurrencyBalanceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense for debt.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69E<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69F<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1F<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.8)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpenseDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCredit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -SubTopic 10<br> -Topic 210<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCredit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityInitiationDate1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Date the credit facility first became available, in YYYY-MM-DD format.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b),22(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityInitiationDate1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b),22(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -SubTopic 10<br> -Topic 210<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69C<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1D<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as current. Excludes lease obligation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(20))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as noncurrent. Excludes lease obligation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromUnsecuredNotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings supported by a written promise to pay an obligation that is uncollateralized (where debt is not backed by the pledge of collateral).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromUnsecuredNotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfNotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for a borrowing supported by a written promise to pay an obligation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfNotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SaleLeasebackTransactionHistoricalCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The historical cost of the asset(s) sold in connection with the sale of the property to another party and the lease of the property back to the seller.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Topic 840<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 50<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481266/840-40-55-50<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Topic 840<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 52<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481266/840-40-55-52<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Topic 840<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 51<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481266/840-40-55-51<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 842<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479741/842-40-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SaleLeasebackTransactionHistoricalCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_WhistlerCreditAgreementrevolverMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_WhistlerCreditAgreementrevolverMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_EPRSecuredNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_EPRSecuredNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_TermLoanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_TermLoanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_EmployeeHousingBondsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_EmployeeHousingBondsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_CanyonsObligationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_CanyonsObligationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_OtherDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_OtherDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_AlpineValleySecuredNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_AlpineValleySecuredNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_BostonMillsBrandywineSecuredNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_BostonMillsBrandywineSecuredNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_JackFrostBigBoulderSecuredNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_JackFrostBigBoulderSecuredNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_MountSnowSecuredNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_MountSnowSecuredNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_HunterMountainSecuredNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_HunterMountainSecuredNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_WhistlerEmployeeHousingLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_WhistlerEmployeeHousingLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_A6.50NotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_A6.50NotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_HunterMountainSecuredNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_HunterMountainSecuredNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_MountSnowSecuredNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_MountSnowSecuredNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_A6.25NotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_A6.25NotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_EPRSecuredNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_EPRSecuredNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_BreckenridgeTerraceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_BreckenridgeTerraceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_TarnesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_TarnesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_BcHousingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_BcHousingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_TenderfootMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_TenderfootMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=us-gaap_ConvertibleNotesPayableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=us-gaap_ConvertibleNotesPayableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_AndermattSedrunMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_AndermattSedrunMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_WhistlerEmployeeHousingLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_WhistlerEmployeeHousingLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=mtn_A6.50NotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=mtn_A6.50NotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DebtInstrumentByTrancheAxis=mtn_TrancheaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DebtInstrumentByTrancheAxis=mtn_TrancheBMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DebtInstrumentByTrancheAxis=mtn_TrancheBMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_AndermattSedrunMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_AndermattSedrunMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_WhistlerEmployeeHousingLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_WhistlerEmployeeHousingLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_NorthstarResortFinanceLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_NorthstarResortFinanceLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>63
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989258480">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt (Schedule Of Aggregate Maturities For Debt Outstanding) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtOtherDisclosuresAbstract', window );"><strong>Long-Term Debt, Other Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax', window );">Foreign currency loss on intercompany loans (Note 6)</a></td>
<td class="num">$ (4,140)<span></span>
</td>
<td class="num">$ (2,907)<span></span>
</td>
<td class="num">$ (2,682)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths', window );">Long-Term Debt, Maturity, Year One</a></td>
<td class="nump">64,586<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo', window );">2022</a></td>
<td class="nump">632,202<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree', window );">2023</a></td>
<td class="nump">74,719<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour', window );">2024</a></td>
<td class="nump">55,772<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive', window );">2025</a></td>
<td class="nump">770,033<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive', window );">Thereafter</a></td>
<td class="nump">1,190,326<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="nump">2,787,638<span></span>
</td>
<td class="nump">2,825,649<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InterestExpenseDebt', window );">Interest Expense, Debt</a></td>
<td class="nump">161,800<span></span>
</td>
<td class="nump">153,000<span></span>
</td>
<td class="nump">148,200<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AmortizationOfFinancingCosts', window );">Amortization of Financing Costs</a></td>
<td class="nump">$ 6,300<span></span>
</td>
<td class="nump">$ 6,700<span></span>
</td>
<td class="nump">$ 5,900<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfFinancingCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense attributable to debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1F<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 835<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-3<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(8))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfFinancingCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(7))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 35<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482014/830-20-35-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481956/830-20-45-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481926/830-20-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 17<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481839/830-10-45-17<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense for debt.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69E<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69F<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1F<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.8)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpenseDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -SubTopic 10<br> -Topic 210<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69C<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1D<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1E<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 470<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtOtherDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtOtherDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>64
<FILENAME>R45.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259981376544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisitions (Narrative) (Details)<br> SFr in Thousands, $ in Thousands</strong></div></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="4">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>May 02, 2024 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>May 02, 2024 </div>
<div>CHF (SFr)</div>
</th>
<th class="th">
<div>Aug. 03, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Aug. 03, 2022 </div>
<div>CHF (SFr)</div>
</th>
<th class="th">
<div>Dec. 31, 2021 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2024 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2023 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2023 </div>
<div>CHF (SFr)</div>
</th>
<th class="th">
<div>Jul. 31, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Aug. 03, 2022 </div>
<div>CHF (SFr)</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired', window );">Payments to Acquire Businesses, Net of Cash Acquired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 94,356<span></span>
</td>
<td class="nump">$ 38,567<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 116,337<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Goodwill, Acquired During Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,796<span></span>
</td>
<td class="nump">3,368<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_BusinessCombinationDeposits', window );">Other Payments to Acquire Businesses1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">114,414<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember', window );">Seven Springs Resorts</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,335<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed', window );">Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferred1', window );">Business Combination, Consideration Transferred</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 116,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">118,415<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Goodwill, Acquired During Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,041<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,222<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,932<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">116,501<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_AndermattSedrunMember', window );">Andermatt-Sedrun</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,476<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferred1', window );">Business Combination, Consideration Transferred</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 155,365<span></span>
</td>
<td class="nump">SFr 149,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">176,805<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Goodwill, Acquired During Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,368<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,497<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">246,889<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired', window );">Business Acquisition, Percentage of Voting Interests Acquired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">55.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">55.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MtnBusinessCombinationRemainderPayment', window );">mtn:BusinessCombinationRemainderPayment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 41,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">SFr 39,300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue', window );">Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">91,524<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1', window );">Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">246,889<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">119,867<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(44,130)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_BusinessCombinationDeposits', window );">Other Payments to Acquire Businesses1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 114,400<span></span>
</td>
<td class="nump">SFr 110,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired', window );">Business Acquisition, Percentage of Voting Interests Acquired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">55.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">55.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_CransMontanaMember', window );">Crans-Montana</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,262<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferred1', window );">Business Combination, Consideration Transferred</a></td>
<td class="nump">$ 106,809<span></span>
</td>
<td class="nump">SFr 97,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">114,232<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Goodwill, Acquired During Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">120,893<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired', window );">Business Acquisition, Percentage of Voting Interests Acquired</a></td>
<td class="nump">84.00%<span></span>
</td>
<td class="nump">84.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue', window );">Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,084<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1', window );">Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">120,893<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 21,207<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired', window );">Business Acquisition, Percentage of Voting Interests Acquired</a></td>
<td class="nump">84.00%<span></span>
</td>
<td class="nump">84.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_BusinessCombinationDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Business Combination, Deposits</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_BusinessCombinationDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MtnBusinessCombinationRemainderPayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>mtn:BusinessCombinationRemainderPayment</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MtnBusinessCombinationRemainderPayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of voting equity interests acquired at the acquisition date in the business combination.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>This element represents the fair value of the noncontrolling interest in the acquiree at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationConsiderationTransferred1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 30<br> -Paragraph 8<br> -SubTopic 30<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479637/805-30-30-8<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -SubTopic 30<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479581/805-30-50-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 30<br> -Paragraph 7<br> -SubTopic 30<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479637/805-30-30-7<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationConsiderationTransferred1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fair value at acquisition-date of the assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interests issued by the acquirer, including but not limited to, instruments or interests issued or issuable in consideration for the business combination.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -SubTopic 30<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479581/805-30-50-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (g)<br> -SubTopic 10<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of intangible assets, excluding goodwill, acquired at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities assumed at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 55<br> -Paragraph 37<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479303/805-10-55-37<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt due after one year or the normal operating cycle, if longer, assumed at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant, and equipment recognized as of the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 55<br> -Paragraph 37<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479303/805-10-55-37<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination, such as related to pre-existing relationships with the acquiree, this element represents the disclosure of the amount of acquisition related costs which have been expensed.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillAcquiredDuringPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillAcquiredDuringPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_AndermattSedrunMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_AndermattSedrunMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_CransMontanaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_CransMontanaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>65
<FILENAME>R46.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989775392">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisitions (Summary Of Estimate Of Fair Value Of Identifiable Assets Acquired And Liabilities Assumed) (Details)<br> SFr in Thousands, $ in Thousands</strong></div></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>May 02, 2024 </div>
<div>CHF (SFr)</div>
</th>
<th class="th">
<div>May 02, 2024 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Aug. 03, 2022 </div>
<div>CHF (SFr)</div>
</th>
<th class="th">
<div>Aug. 03, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2021 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2024 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2023 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2022 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IndefiniteLivedTrademarks', window );">Indefinite-Lived Trademarks</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 235,858<span></span>
</td>
<td class="nump">$ 237,921<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Goodwill, Acquired During Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,796<span></span>
</td>
<td class="nump">3,368<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember', window );">Seven Springs Resorts</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,932<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">118,415<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,335<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Goodwill, Acquired During Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,041<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,222<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferred1', window );">Business Combination, Consideration Transferred</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 116,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">116,501<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed', window );">Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,800<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock', window );">Schedule of Business Acquisitions, by Acquisition</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,932&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">118,415&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,041&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,335&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,222)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116,501&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_AndermattSedrunMember', window );">Andermatt-Sedrun</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">176,805<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,476<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Goodwill, Acquired During Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,368<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,497<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferred1', window );">Business Combination, Consideration Transferred</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">SFr 149,300<span></span>
</td>
<td class="nump">$ 155,365<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue', window );">Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">91,524<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1', window );">Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">246,889<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">246,889<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">119,867<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock', window );">Schedule of Business Acquisitions, by Acquisition</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash consideration paid by Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">155,365&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated fair value of noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91,524&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total estimated purchase consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,889&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Allocation of total estimated purchase consideration:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119,867&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,805&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,476&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assumed long-term debt</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,130)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,497)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,889&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
<td class="text"><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash consideration paid by Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">155,365&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated fair value of noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91,524&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total estimated purchase consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,889&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Allocation of total estimated purchase consideration:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119,867&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176,805&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,368&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,476&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assumed long-term debt</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(44,130)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other liabilities</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,497)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,889&#160;</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_CransMontanaMember', window );">Crans-Montana</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">114,232<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,262<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Goodwill, Acquired During Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">120,893<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferred1', window );">Business Combination, Consideration Transferred</a></td>
<td class="nump">SFr 97,200<span></span>
</td>
<td class="nump">$ 106,809<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue', window );">Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,084<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1', window );">Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">120,893<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">21,207<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized', window );">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(25,604)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock', window );">Schedule of Business Acquisitions, by Acquisition</a></td>
<td class="text"><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash consideration paid by Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,809&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated fair value of noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,084&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total estimated purchase consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120,893&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Allocation of total estimated purchase consideration:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,207&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,232&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,796&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,262&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,604)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120,893&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
<td class="text"><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):</span></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.520%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Acquisition Date Estimated Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash consideration paid by Vail Resorts, Inc.</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,809&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated fair value of noncontrolling interests</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,084&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total estimated purchase consideration</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120,893&#160;</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Allocation of total estimated purchase consideration:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,207&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property, plant and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,232&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,796&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identifiable intangible assets and other assets</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,262&#160;</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(25,604)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets acquired</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120,893&#160;</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember', window );">Mountain [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Goodwill, Acquired During Period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,796<span></span>
</td>
<td class="nump">$ 3,368<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 805<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-5<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>This element represents the fair value of the noncontrolling interest in the acquiree at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationConsiderationTransferred1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 30<br> -Paragraph 8<br> -SubTopic 30<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479637/805-30-30-8<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -SubTopic 30<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479581/805-30-50-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 30<br> -Paragraph 7<br> -SubTopic 30<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479637/805-30-30-7<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationConsiderationTransferred1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fair value at acquisition-date of the assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interests issued by the acquirer, including but not limited to, instruments or interests issued or issuable in consideration for the business combination.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -SubTopic 30<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479581/805-30-50-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (g)<br> -SubTopic 10<br> -Topic 805<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of intangible assets, excluding goodwill, acquired at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities assumed at the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 55<br> -Paragraph 37<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479303/805-10-55-37<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant, and equipment recognized as of the acquisition date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 55<br> -Paragraph 37<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479303/805-10-55-37<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination, such as related to pre-existing relationships with the acquiree, this element represents the disclosure of the amount of acquisition related costs which have been expensed.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities recognized recorded in a transaction with the acquiree for each transaction that is recognized separately from the acquisition of assets and assumptions of liabilities in the business combination.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillAcquiredDuringPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillAcquiredDuringPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IndefiniteLivedTrademarks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the rights acquired through registration of a trademark to gain or protect exclusive use of a business name, symbol or other device or style for a projected indefinite period of benefit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IndefiniteLivedTrademarks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_AndermattSedrunMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_AndermattSedrunMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_CransMontanaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_CransMontanaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>66
<FILENAME>R47.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259988907024">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Supplementary Balance Sheet Information (Narrative) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BalanceSheetRelatedDisclosuresAbstract', window );"><strong>Balance Sheet Related Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AmortizationOfIntangibleAssets', window );">Amortization of Intangible Assets</a></td>
<td class="nump">$ 4,700<span></span>
</td>
<td class="nump">$ 5,100<span></span>
</td>
<td class="nump">$ 5,200<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive', window );">Finite-Lived Intangible Asset, Expected Amortization, Year Five</a></td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour', window );">Finite-Lived Intangible Asset, Expected Amortization, Year Four</a></td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree', window );">Finite-Lived Intangible Asset, Expected Amortization, Year Three</a></td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo', window );">Finite-Lived Intangible Asset, Expected Amortization, Year Two</a></td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths', window );">Finite-Lived Intangible Asset, Expected Amortization, Year One</a></td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Depreciation', window );">Depreciation expense</a></td>
<td class="nump">271,800<span></span>
</td>
<td class="nump">263,400<span></span>
</td>
<td class="nump">$ 247,200<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PrepaidExpenseCurrent', window );">Prepaid Expense, Current</a></td>
<td class="nump">51,519<span></span>
</td>
<td class="nump">43,218<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherAssetsMiscellaneousCurrent', window );">Other Assets, Miscellaneous, Current</a></td>
<td class="nump">28,039<span></span>
</td>
<td class="nump">78,185<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
<td class="nump">$ 79,558<span></span>
</td>
<td class="nump">$ 121,403<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482686/350-30-45-2<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetRelatedDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetRelatedDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Depreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Depreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of current assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(8))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsMiscellaneousCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of other miscellaneous assets expected to be realized or consumed within one year or operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsMiscellaneousCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (g)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(7))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 340<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 05<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482955/340-10-05-5<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 340<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483032/340-10-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrepaidExpenseCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>67
<FILENAME>R48.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259990200928">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Supplementary Balance Sheet Information (Composition Of Property, Plant And Equipment) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BalanceSheetRelatedDisclosuresAbstract', window );"><strong>Balance Sheet Related Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Depreciation', window );">Depreciation</a></td>
<td class="nump">$ 271,800<span></span>
</td>
<td class="nump">$ 263,400<span></span>
</td>
<td class="nump">$ 247,200<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LandAndLandImprovementsGross', window );">Land and land improvements</a></td>
<td class="nump">804,287<span></span>
</td>
<td class="nump">796,730<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BuildingsAndImprovementsGross', window );">Buildings and building improvements</a></td>
<td class="nump">1,682,734<span></span>
</td>
<td class="nump">1,643,517<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_MachineryAndEquipmentGross', window );">Machinery and equipment</a></td>
<td class="nump">1,984,549<span></span>
</td>
<td class="nump">1,792,378<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FurnitureAndFixturesGross', window );">Furniture and fixtures</a></td>
<td class="nump">316,510<span></span>
</td>
<td class="nump">298,725<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CapitalizedComputerSoftwareGross', window );">Software</a></td>
<td class="nump">161,502<span></span>
</td>
<td class="nump">152,033<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_VehiclesGross', window );">Vehicles</a></td>
<td class="nump">91,951<span></span>
</td>
<td class="nump">87,298<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ConstructionInProgressGross', window );">Construction in progress</a></td>
<td class="nump">116,872<span></span>
</td>
<td class="nump">134,113<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Gross property, plant and equipment</a></td>
<td class="nump">5,158,405<span></span>
</td>
<td class="nump">4,904,794<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Accumulated depreciation</a></td>
<td class="num">(2,735,770)<span></span>
</td>
<td class="num">(2,533,237)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property, plant and equipment, net</a></td>
<td class="nump">$ 2,422,635<span></span>
</td>
<td class="nump">$ 2,371,557<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_LandAndLandImprovementsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Gross amount, as of the balance sheet date, of real estate held for productive use. This excludes land held for sale and alterations to land which improves its potential for use. Generally consisting of items having limited lives, such as walkways, driveways, fences, and parking lots, such improvements are depreciated over the useful lives of the subject assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_LandAndLandImprovementsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_VehiclesGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Gross amount, as of the balance sheet date, of long-lived, depreciable assets that include automobiles and trucks.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_VehiclesGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8)(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetRelatedDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetRelatedDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BuildingsAndImprovementsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 360<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BuildingsAndImprovementsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalizedComputerSoftwareGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated amortization of capitalized costs for computer software, including but not limited to, acquired and internally developed computer software.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 985<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481283/985-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CapitalizedComputerSoftwareGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConstructionInProgressGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 360<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConstructionInProgressGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Depreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Depreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FurnitureAndFixturesGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation of equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 360<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FurnitureAndFixturesGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MachineryAndEquipmentGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation of tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 360<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MachineryAndEquipmentGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 360<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 360<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 360<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480842/942-360-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>68
<FILENAME>R49.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259988985536">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Supplementary Balance Sheet Information Composition of Property, Plant and Equipment under Capital Lease (Details) - Canyons [Member] - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentLineItems', window );"><strong>Property, Plant and Equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_FinanceLeasedAssetsLand', window );">Capital Leased Assets, Land</a></td>
<td class="nump">$ 31,818<span></span>
</td>
<td class="nump">$ 31,818<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_FinanceLeasedAssetsLandImprovements', window );">Capital Leased Assets, Land Improvements</a></td>
<td class="nump">49,228<span></span>
</td>
<td class="nump">49,228<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements', window );">Capital Leased Assets, Buildings and Building Improvements</a></td>
<td class="nump">70,310<span></span>
</td>
<td class="nump">70,917<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_CapitalLeasedAssetsMachineryandEquipment', window );">Capital Leased Assets, Machinery and Equipment</a></td>
<td class="nump">85,416<span></span>
</td>
<td class="nump">71,527<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization', window );">Finance Lease, Right-of-Use Asset, before Accumulated Amortization</a></td>
<td class="nump">236,772<span></span>
</td>
<td class="nump">223,490<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_FinanceLeasedAssetsAccumulatedDepreciation', window );">Capital Leased Assets, Accumulated Depreciation</a></td>
<td class="num">(107,740)<span></span>
</td>
<td class="num">(96,257)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_FinanceLeasedAssetsNet', window );">Capital Leased Assets, Net</a></td>
<td class="nump">$ 129,032<span></span>
</td>
<td class="nump">$ 127,233<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_CapitalLeasedAssetsMachineryandEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Gross amount, as of the balance sheet date, of long-lived, depreciable assets used in the production process to produce goods and services under capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_CapitalLeasedAssetsMachineryandEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_FinanceLeasedAssetsAccumulatedDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) under capital lease obligations that has been recognized in the income statement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_FinanceLeasedAssetsAccumulatedDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation of building structures held for productive use under capital lease obligations including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_FinanceLeasedAssetsLand">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Gross amount, as of the balance sheet date, of real estate land held for productive use under capital lease obligations. This excludes land held for sale and alterations to land which improves its potential for use. Generally consisting of items having limited lives, such as walkways, driveways, fences, and parking lots, such improvements are depreciated over the useful lives of the subject assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_FinanceLeasedAssetsLand</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_FinanceLeasedAssetsLandImprovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Gross amount, as of the balance sheet date, of land improvements held for productive use under capital lease obligations. This excludes land held for sale and alterations to land which improves its potential for use. Generally consisting of items having limited lives, such as walkways, driveways, fences, and parking lots, such improvements are depreciated over the useful lives of the subject assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_FinanceLeasedAssetsLandImprovements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_FinanceLeasedAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets under capital lease obligations used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_FinanceLeasedAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, before accumulated amortization, of right-of-use asset from finance lease.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -SubTopic 20<br> -Topic 842<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>69
<FILENAME>R50.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991535904">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Supplementary Balance Sheet Information (Composition Of Goodwill And Intangible Assets) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillGross', window );">Goodwill</a></td>
<td class="nump">$ 1,721,017<span></span>
</td>
<td class="nump">$ 1,763,386<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss', window );">Goodwill, Impaired, Accumulated Impairment Loss</a></td>
<td class="num">(25,688)<span></span>
</td>
<td class="num">(25,688)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_GoodwillAccumulatedAmortization', window );">Accumulated amortization</a></td>
<td class="num">(17,354)<span></span>
</td>
<td class="num">(17,354)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill, net</a></td>
<td class="nump">1,677,975<span></span>
</td>
<td class="nump">1,720,344<span></span>
</td>
<td class="nump">$ 1,754,928<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IndefiniteLivedTrademarks', window );">Indefinite-Lived Trademarks</a></td>
<td class="nump">235,858<span></span>
</td>
<td class="nump">237,921<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherIndefiniteLivedIntangibleAssets', window );">Other Indefinite-lived Intangible Assets</a></td>
<td class="nump">41,081<span></span>
</td>
<td class="nump">41,224<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill', window );">Gross indefinite-lived intangible assets</a></td>
<td class="nump">276,939<span></span>
</td>
<td class="nump">279,145<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Accumulated amortization</a></td>
<td class="num">(24,751)<span></span>
</td>
<td class="num">(24,713)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet', window );">Indefinite-lived intangible assets, net</a></td>
<td class="nump">252,188<span></span>
</td>
<td class="nump">254,432<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedTradeNamesGross', window );">Gross amortizable intangible assets</a></td>
<td class="nump">38,008<span></span>
</td>
<td class="nump">38,008<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherFiniteLivedIntangibleAssetsGross', window );">Other Finite-Lived Intangible Assets, Gross</a></td>
<td class="nump">71,198<span></span>
</td>
<td class="nump">71,570<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsGross', window );">Finite-Lived Intangible Assets, Gross</a></td>
<td class="nump">109,206<span></span>
</td>
<td class="nump">109,578<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Accumulated amortization</a></td>
<td class="num">(58,859)<span></span>
</td>
<td class="num">(54,665)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Amortizable intangible assets, net</a></td>
<td class="nump">50,347<span></span>
</td>
<td class="nump">54,913<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_GrossIntangibleAssetsExcludingGoodwill', window );">Total gross intangible assets</a></td>
<td class="nump">386,145<span></span>
</td>
<td class="nump">388,723<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_AccumulatedAmortizationExcludingGoodwill', window );">Total accumulated amortization</a></td>
<td class="num">(83,610)<span></span>
</td>
<td class="num">(79,378)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetExcludingGoodwill', window );">Net Intangible Assets Excluding Goodwill</a></td>
<td class="nump">302,535<span></span>
</td>
<td class="nump">309,345<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AmortizationOfIntangibleAssets', window );">Amortization of Intangible Assets</a></td>
<td class="nump">4,700<span></span>
</td>
<td class="nump">5,100<span></span>
</td>
<td class="nump">5,200<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths', window );">Finite-Lived Intangible Asset, Expected Amortization, Year One</a></td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo', window );">Finite-Lived Intangible Asset, Expected Amortization, Year Two</a></td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree', window );">Finite-Lived Intangible Asset, Expected Amortization, Year Three</a></td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour', window );">Finite-Lived Intangible Asset, Expected Amortization, Year Four</a></td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive', window );">Finite-Lived Intangible Asset, Expected Amortization, Year Five</a></td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember', window );">Mountain [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill, net</a></td>
<td class="nump">$ 1,632,969<span></span>
</td>
<td class="nump">$ 1,675,338<span></span>
</td>
<td class="nump">$ 1,709,922<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_AccumulatedAmortizationExcludingGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Accumulated Amortization Excluding Goodwill</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_AccumulatedAmortizationExcludingGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_GoodwillAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of amortization related to goodwill.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_GoodwillAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_GrossIntangibleAssetsExcludingGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Gross Intangible Assets Excluding Goodwill</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_GrossIntangibleAssetsExcludingGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indefinite-Lived Intangible Assets, Accumulated Amortization</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indefinite-Lived Intangible Assets (Excluding Goodwill), Net</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482686/350-30-45-2<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 928<br> -SubTopic 340<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483147/928-340-50-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 926<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483154/926-20-50-5<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedTradeNamesGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Gross carrying amount before accumulated amortization as of the balance sheet date of the rights acquired through registration of a trade name to gain or protect exclusive use thereof for a reasonably expected period of economic benefit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedTradeNamesGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(15))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482598/350-20-45-1<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillImpairedAccumulatedImpairmentLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated impairment loss for an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillImpairedAccumulatedImpairmentLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IndefiniteLivedTrademarks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the rights acquired through registration of a trademark to gain or protect exclusive use of a business name, symbol or other device or style for a projected indefinite period of benefit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IndefiniteLivedTrademarks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntangibleAssetsNetExcludingGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph ((a)(1),(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482686/350-30-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IntangibleAssetsNetExcludingGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherFiniteLivedIntangibleAssetsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated amortization of finite-lived intangible assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherFiniteLivedIntangibleAssetsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIndefiniteLivedIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after impairment of indefinite-lived intangible assets classified as other. Excludes financial assets and goodwill.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 350<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIndefiniteLivedIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>70
<FILENAME>R51.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991451648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Supplementary Balance Sheet Information (Changes In Goodwill Amount) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill, beginning balance</a></td>
<td class="nump">$ 1,720,344<span></span>
</td>
<td class="nump">$ 1,754,928<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Acquisition</a></td>
<td class="nump">2,796<span></span>
</td>
<td class="nump">3,368<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit', window );">Goodwill, Written off Related to Sale of Business Unit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,975)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillForeignCurrencyTranslationGainLoss', window );">Goodwill, Translation Adjustments</a></td>
<td class="num">(45,165)<span></span>
</td>
<td class="num">(31,977)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill, ending balance</a></td>
<td class="nump">1,677,975<span></span>
</td>
<td class="nump">1,720,344<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember', window );">Mountain [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill, beginning balance</a></td>
<td class="nump">1,675,338<span></span>
</td>
<td class="nump">1,709,922<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Acquisition</a></td>
<td class="nump">2,796<span></span>
</td>
<td class="nump">3,368<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit', window );">Goodwill, Written off Related to Sale of Business Unit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,975)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillForeignCurrencyTranslationGainLoss', window );">Goodwill, Translation Adjustments</a></td>
<td class="num">(45,165)<span></span>
</td>
<td class="num">(31,977)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill, ending balance</a></td>
<td class="nump">1,632,969<span></span>
</td>
<td class="nump">1,675,338<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_LodgingMember', window );">Lodging [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill, beginning balance</a></td>
<td class="nump">45,006<span></span>
</td>
<td class="nump">45,006<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillAcquiredDuringPeriod', window );">Acquisition</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit', window );">Goodwill, Written off Related to Sale of Business Unit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GoodwillForeignCurrencyTranslationGainLoss', window );">Goodwill, Translation Adjustments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill, ending balance</a></td>
<td class="nump">$ 45,006<span></span>
</td>
<td class="nump">$ 45,006<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(15))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482598/350-20-45-1<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillAcquiredDuringPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillAcquiredDuringPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillForeignCurrencyTranslationGainLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of foreign currency translation gain (loss) which increases (decreases) an asset representing future economic benefits from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillForeignCurrencyTranslationGainLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of divestiture of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 24<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 350<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_LodgingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_LodgingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>71
<FILENAME>R52.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991646784">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Supplementary Balance Sheet Information (Components Of Accounts Payable And Accrued Liabilities) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccountsPayableTradeCurrent', window );">Trade payables</a></td>
<td class="nump">$ 141,246<span></span>
</td>
<td class="nump">$ 148,521<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredRevenueCurrent', window );">Deferred Revenue, Current</a></td>
<td class="nump">575,766<span></span>
</td>
<td class="nump">572,602<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccruedSalariesCurrent', window );">Accrued salaries, wages and deferred compensation</a></td>
<td class="nump">43,269<span></span>
</td>
<td class="nump">38,908<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AccruedEmployeeBenefitsCurrent', window );">Accrued benefits</a></td>
<td class="nump">60,940<span></span>
</td>
<td class="nump">60,466<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Deposits', window );">Deposits</a></td>
<td class="nump">44,500<span></span>
</td>
<td class="nump">37,798<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_CurrentOperatingLeaseLiability', window );">Current operating lease liability</a></td>
<td class="nump">32,611<span></span>
</td>
<td class="nump">36,904<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OtherAccruedLiabilitiesCurrent', window );">Other accruals</a></td>
<td class="nump">102,467<span></span>
</td>
<td class="nump">82,822<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_AccountsPayableAccruedLiabilities', window );">Total accounts payable and accrued liabilities</a></td>
<td class="nump">$ 1,000,798<span></span>
</td>
<td class="nump">$ 978,021<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_AccountsPayableAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of liabilities incurred (of which invoices have been received and for which invoice have not yet been received or will not be rendered). Includes deferred revenue, accrued interest expense, deposits, accrued salaries, wages and benefits and other accrued liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_AccountsPayableAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_CurrentOperatingLeaseLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Current operating lease liability</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_CurrentOperatingLeaseLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableTradeCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483467/210-10-45-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableTradeCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedEmployeeBenefitsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations, excluding pension and other postretirement benefits, incurred through that date and payable for perquisites provided to employees pertaining to services received from them. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedEmployeeBenefitsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedSalariesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of the obligations incurred through that date and payable for employees' services provided. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 8<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483467/210-10-45-8<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedSalariesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredRevenueCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable, classified as current.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(20))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredRevenueCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Deposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.12)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Deposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAccruedLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAccruedLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>72
<FILENAME>R53.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989257872">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Supplementary Balance Sheet Information (Components Of Other Long-Term Liabilities) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BalanceSheetRelatedDisclosuresAbstract', window );"><strong>Balance Sheet Related Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_OtherLongTermLiabilitiesNoncurrent', window );">Total other long-term liabilities</a></td>
<td class="nump">$ 311,768<span></span>
</td>
<td class="nump">$ 286,261<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_OtherLongTermLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of noncurrent obligations which are expected to be settled after one year (or the normal operating cycle, if longer). Includes deferred revenue, unfavorable lease obligations and other long-term accrued liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_OtherLongTermLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetRelatedDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetRelatedDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>73
<FILENAME>R54.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259986610032">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Measurements (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ContingentConsiderationKeyAssumptionsforValuation', window );">Contingent Consideration, Key Assumptions for Valuation</a></td>
<td class="text">The estimated fair value of Contingent Consideration includes future period resort operations of Park City in the calculation of EBITDA on which participating contingent payments are made, which is determined on the basis of estimated subsequent year performance, escalated by an assumed annual growth factor and discounted to net present value. Other significant assumptions included a discount rate of 11.1%, and volatility of 14.5%, which together with future period Park City EBITDA, are all unobservable inputs and thus are considered Level 3 inputs.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription', window );">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Adverse Change in Other Assumption, Description</a></td>
<td class="text">The Company prepared a sensitivity analysis to evaluate the effect that changes on certain key assumptions would have on the estimated fair value of the Contingent Consideration. A change in the discount rate of 100 basis points or a 5% change in estimated subsequent year performance of the resort would result in a change in the estimated fair value within the range of approximately $14.6 million to $20.1 million.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue', window );">Interest Rate Cash Flow Hedge Asset at Fair Value</a></td>
<td class="nump">$ 2,343<span></span>
</td>
<td class="nump">$ 17,229<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ContingentConsiderationFairValueDisclosure', window );">Liabilities, Fair Value Disclosure</a></td>
<td class="nump">104,200<span></span>
</td>
<td class="nump">73,300<span></span>
</td>
<td class="nump">$ 42,400<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsForRent', window );">Payments for Rent</a></td>
<td class="num">(17,057)<span></span>
</td>
<td class="num">(18,936)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1', window );">Change in Fair Value of Contingent Consideration</a></td>
<td class="nump">47,957<span></span>
</td>
<td class="nump">49,836<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_InterestRateSwapNotionalAmount', window );">Interest Rate Swap, Notional Amount</a></td>
<td class="nump">400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue', window );">Interest Rate Cash Flow Hedge Asset at Fair Value</a></td>
<td class="nump">2,343<span></span>
</td>
<td class="nump">17,229<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ContingentConsiderationFairValueDisclosure', window );">Liabilities, Fair Value Disclosure</a></td>
<td class="nump">$ 104,200<span></span>
</td>
<td class="nump">73,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember', window );">Canyons [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription', window );">Business Combination, Contingent Consideration Arrangements, Description</a></td>
<td class="text">42% of the amount by which EBITDA for the Park City resort operations, as calculated under the Park City Lease, exceeds approximately $35 million, as established upon the Company&#8217;s acquisition of the resort, with such threshold amount subsequently increased annually by an inflation linked index and a 10% adjustment for any capital improvements or investments made under the Park City Lease by the Company.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_MoneyMarketFundsMember', window );">Money Market Funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and Cash Equivalents, Fair Value Disclosure</a></td>
<td class="nump">$ 896<span></span>
</td>
<td class="nump">170,872<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_MoneyMarketFundsMember', window );">Money Market Funds [Member] | Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and Cash Equivalents, Fair Value Disclosure</a></td>
<td class="nump">896<span></span>
</td>
<td class="nump">170,872<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_CommercialPaperMember', window );">Commercial Paper [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and Cash Equivalents, Fair Value Disclosure</a></td>
<td class="nump">2,401<span></span>
</td>
<td class="nump">2,401<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_CommercialPaperMember', window );">Commercial Paper [Member] | Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and Cash Equivalents, Fair Value Disclosure</a></td>
<td class="nump">2,401<span></span>
</td>
<td class="nump">2,401<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_CertificatesOfDepositMember', window );">Certificates of Deposit [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and Cash Equivalents, Fair Value Disclosure</a></td>
<td class="nump">101,989<span></span>
</td>
<td class="nump">144,365<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_CertificatesOfDepositMember', window );">Certificates of Deposit [Member] | Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and Cash Equivalents, Fair Value Disclosure</a></td>
<td class="nump">$ 101,989<span></span>
</td>
<td class="nump">$ 144,365<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ContingentConsiderationFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fair Value of Contingent Consideration Liability</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ContingentConsiderationFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ContingentConsiderationKeyAssumptionsforValuation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The key inputs of the arrangement and market participant assumptions considered when developing the assumptions used to determine the fair value of the arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ContingentConsiderationKeyAssumptionsforValuation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_InterestRateSwapNotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Interest Rate Swap, Notional Amount</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_InterestRateSwapNotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 805<br> -SubTopic 30<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479581/805-30-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For contingent consideration arrangements recognized in connection with a business combination, this element represents a description of such arrangements.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479581/805-30-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestRateCashFlowHedgeAssetAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fair value as of the balance sheet date of all interest rate derivative assets designated as cash flow hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4B<br> -Subparagraph (c)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestRateCashFlowHedgeAssetAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cash payments to lessor's for use of assets under operating leases.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (g)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-25<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Description of assumptions, classified as other, used in determining fair value of transferor's interests in transferred financial assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481326/860-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_MoneyMarketFundsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_MoneyMarketFundsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_CommercialPaperMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_CommercialPaperMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_CertificatesOfDepositMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis=us-gaap_CertificatesOfDepositMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>74
<FILENAME>R55.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991282848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Narrative) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent', window );">Stock-based compensation</a></td>
<td class="nump">0.30%<span></span>
</td>
<td class="nump">0.70%<span></span>
</td>
<td class="num">(3.60%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations', window );">Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations</a></td>
<td class="nump">$ 11,558<span></span>
</td>
<td class="nump">$ 22,254<span></span>
</td>
<td class="nump">$ 16,127<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions', window );">Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions</a></td>
<td class="nump">10,866<span></span>
</td>
<td class="nump">11,025<span></span>
</td>
<td class="nump">$ 11,179<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Operating Loss Carryforwards</a></td>
<td class="nump">92,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense', window );">Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense</a></td>
<td class="nump">1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued', window );">Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued</a></td>
<td class="nump">6,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsGross', window );">Deferred Tax Assets, Gross</a></td>
<td class="nump">180,134<span></span>
</td>
<td class="nump">160,758<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ValuationAllowanceAbstract', window );"><strong>Valuation Allowance [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsValuationAllowance', window );">Deferred Tax Assets, Valuation Allowance</a></td>
<td class="nump">15,553<span></span>
</td>
<td class="nump">$ 9,603<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxAuthorityAxis=us-gaap_ForeignCountryMember', window );">Foreign Tax Authority [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Operating Loss Carryforwards</a></td>
<td class="nump">86,700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_PeakResortsInc.Member', window );">Peak Resorts, Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Operating Loss Carryforwards</a></td>
<td class="nump">$ 5,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying domestic federal statutory income tax rate to pretax income (loss) from continuing operation, attributable to expense for award under share-based payment arrangement. Excludes expense determined to be nondeductible upon grant or after for award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name Accounting Standards Codification<br> -Section 35<br> -Paragraph 2<br> -SubTopic 740<br> -Topic 718<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480887/718-740-35-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of expense for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of decrease in unrecognized tax benefits resulting from lapses of applicable statutes of limitations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (a)(4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ValuationAllowanceAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ValuationAllowanceAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxAuthorityAxis=us-gaap_ForeignCountryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxAuthorityAxis=us-gaap_ForeignCountryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_PeakResortsInc.Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_PeakResortsInc.Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>75
<FILENAME>R56.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45260169353440">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Income Taxes (Components Of Deferred Tax Liabilities And Assets) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment', window );">Fixed assets</a></td>
<td class="nump">$ 200,197<span></span>
</td>
<td class="nump">$ 211,995<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets', window );">Intangible assets</a></td>
<td class="nump">160,002<span></span>
</td>
<td class="nump">143,402<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesLeasingArrangements', window );">Deferred Tax Liabilities, Leasing Arrangements</a></td>
<td class="nump">61,730<span></span>
</td>
<td class="nump">45,913<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesOther', window );">Deferred Tax Liabilities, Other</a></td>
<td class="nump">18,774<span></span>
</td>
<td class="nump">22,115<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxLiabilities', window );">Deferred Tax Liabilities, Gross</a></td>
<td class="nump">440,703<span></span>
</td>
<td class="nump">423,425<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilities', window );">Deferred Tax Liabilities, Net</a></td>
<td class="nump">276,122<span></span>
</td>
<td class="nump">272,270<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DeferredTaxAssetCanyonsObligation', window );">Deferred Tax Asset, Talisker Canyons Obligation</a></td>
<td class="nump">18,813<span></span>
</td>
<td class="nump">18,631<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost', window );">Stock-based compensation</a></td>
<td class="nump">9,110<span></span>
</td>
<td class="nump">9,370<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsInvestments', window );">Deferred Tax Assets, Investments</a></td>
<td class="nump">5,097<span></span>
</td>
<td class="nump">10,430<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits', window );">Deferred compensation and other accrued benefits</a></td>
<td class="nump">11,339<span></span>
</td>
<td class="nump">11,099<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies', window );">Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Contingencies</a></td>
<td class="nump">25,251<span></span>
</td>
<td class="nump">18,423<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards', window );">Net operating loss carryforwards other tax credits</a></td>
<td class="nump">20,082<span></span>
</td>
<td class="nump">14,864<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DeferredTaxAssetsOperatingLeaseLiabilities', window );">Deferred Tax Assets, Operating Lease Liabilities</a></td>
<td class="nump">64,550<span></span>
</td>
<td class="nump">48,953<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOther', window );">Other, net</a></td>
<td class="nump">25,892<span></span>
</td>
<td class="nump">28,988<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsGross', window );">Total</a></td>
<td class="nump">180,134<span></span>
</td>
<td class="nump">160,758<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsValuationAllowance', window );">Valuation allowance for deferred income taxes</a></td>
<td class="num">(15,553)<span></span>
</td>
<td class="num">(9,603)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNet', window );">Deferred income tax assets, net of valuation allowance</a></td>
<td class="nump">$ 164,581<span></span>
</td>
<td class="nump">$ 151,155<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DeferredTaxAssetCanyonsObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Deferred Tax Asset related to Talisker Canyons Obligation</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DeferredTaxAssetCanyonsObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DeferredTaxAssetsOperatingLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Deferred Tax Assets, Operating Lease Liabilities</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DeferredTaxAssetsOperatingLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(26)(a))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(26)(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(15)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from investments (excludes investments in subsidiaries and equity method investments).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-6<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-6<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from compensation and benefits costs.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-6<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-6<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from contingent liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-6<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences from intangible assets other than goodwill.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-6<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesLeasingArrangements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences from leasing arrangements.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-6<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesLeasingArrangements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences classified as other.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-6<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-6<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-8<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>76
<FILENAME>R57.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259992865536">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Components Of Provision (Benefit) For Income Taxes) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CurrentFederalTaxExpenseBenefit', window );">Current federal</a></td>
<td class="nump">$ 44,759<span></span>
</td>
<td class="nump">$ 17,473<span></span>
</td>
<td class="nump">$ 62,974<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CurrentStateAndLocalTaxExpenseBenefit', window );">Current state</a></td>
<td class="nump">10,550<span></span>
</td>
<td class="nump">6,759<span></span>
</td>
<td class="nump">13,938<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CurrentForeignTaxExpenseBenefit', window );">Current Foreign Tax Expense (Benefit)</a></td>
<td class="nump">31,412<span></span>
</td>
<td class="nump">40,117<span></span>
</td>
<td class="nump">21,302<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CurrentIncomeTaxExpenseBenefit', window );">Total current</a></td>
<td class="nump">86,721<span></span>
</td>
<td class="nump">64,349<span></span>
</td>
<td class="nump">98,214<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredFederalIncomeTaxExpenseBenefit', window );">Deferred federal</a></td>
<td class="nump">6,764<span></span>
</td>
<td class="nump">23,813<span></span>
</td>
<td class="num">(6,910)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit', window );">Deferred state</a></td>
<td class="num">(461)<span></span>
</td>
<td class="nump">1,372<span></span>
</td>
<td class="nump">1,966<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredForeignIncomeTaxExpenseBenefit', window );">Deferred Foreign Income Tax Expense (Benefit)</a></td>
<td class="nump">5,792<span></span>
</td>
<td class="num">(1,120)<span></span>
</td>
<td class="num">(4,446)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred Income Tax Expense (Benefit)</a></td>
<td class="nump">12,095<span></span>
</td>
<td class="nump">24,065<span></span>
</td>
<td class="num">(9,390)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision for income taxes</a></td>
<td class="nump">$ 98,816<span></span>
</td>
<td class="nump">$ 88,414<span></span>
</td>
<td class="nump">$ 88,824<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentFederalTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of current federal tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, current national tax expense (benefit) for non-US (United States of America) jurisdiction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1)(Note 1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 740<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentFederalTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentForeignTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of current foreign income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1)(Note 1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 740<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentForeignTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1)(Note 1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentStateAndLocalTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of current state and local tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, current regional, territorial, and provincial tax expense (benefit) for non-US (United States of America) jurisdiction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1)(Note 1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 740<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentStateAndLocalTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredFederalIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred federal tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, deferred national tax expense (benefit) for non-US (United States of America) jurisdiction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1)(Note 1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredFederalIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredForeignIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred foreign income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1)(Note 1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredForeignIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1)(Note 1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 740<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred state and local tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, deferred regional, territorial, and provincial tax expense (benefit) for non-US (United States of America) jurisdiction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1)(Note 1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-10<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -SubTopic 20<br> -Topic 740<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482659/740-20-45-2<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -SubTopic 10<br> -Topic 235<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>77
<FILENAME>R58.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989138064">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation) (Details)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate', window );">At U.S. federal income tax rate</a></td>
<td class="nump">21.00%<span></span>
</td>
<td class="nump">21.00%<span></span>
</td>
<td class="nump">21.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes', window );">State income tax, net of federal benefit</a></td>
<td class="nump">2.90%<span></span>
</td>
<td class="nump">2.20%<span></span>
</td>
<td class="nump">3.80%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions', window );">Change in uncertain tax positions</a></td>
<td class="num">(0.10%)<span></span>
</td>
<td class="num">(1.50%)<span></span>
</td>
<td class="num">(1.20%)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent', window );">Stock-based compensation</a></td>
<td class="nump">0.30%<span></span>
</td>
<td class="nump">0.70%<span></span>
</td>
<td class="num">(3.60%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment', window );">Foreign partnership basis adjustment</a></td>
<td class="nump">1.40%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense', window );">Noncontrolling interests</a></td>
<td class="num">(1.00%)<span></span>
</td>
<td class="num">(1.00%)<span></span>
</td>
<td class="num">(1.20%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential', window );">Foreign taxes</a></td>
<td class="nump">3.60%<span></span>
</td>
<td class="nump">3.20%<span></span>
</td>
<td class="nump">0.10%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments', window );">Other</a></td>
<td class="nump">0.30%<span></span>
</td>
<td class="num">(0.90%)<span></span>
</td>
<td class="nump">0.50%<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations', window );">Effective tax rate</a></td>
<td class="nump">28.60%<span></span>
</td>
<td class="nump">23.70%<span></span>
</td>
<td class="nump">19.40%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Effective Income Tax Rate Reconciliation, Foreign Partnership Basis Adjustment</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Effective Income Tax Rate Reconciliation, Uncertain Tax Provisions</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of domestic federal statutory tax rate applicable to pretax income (loss).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to noncontrolling interest income (loss) exempt from income taxes.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying domestic federal statutory income tax rate to pretax income (loss) from continuing operation, attributable to expense for award under share-based payment arrangement. Excludes expense determined to be nondeductible upon grant or after for award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name Accounting Standards Codification<br> -Section 35<br> -Paragraph 2<br> -SubTopic 740<br> -Topic 718<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480887/718-740-35-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 12<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>78
<FILENAME>R59.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989020688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
<th class="th"><div>Jul. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefits', window );">Unrecognized Tax Benefits</a></td>
<td class="nump">$ 50,988<span></span>
</td>
<td class="nump">$ 51,680<span></span>
</td>
<td class="nump">$ 62,909<span></span>
</td>
<td class="nump">$ 67,857<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions', window );">Additions for tax positions of prior years</a></td>
<td class="nump">10,866<span></span>
</td>
<td class="nump">11,025<span></span>
</td>
<td class="nump">11,179<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations', window );">Lapse of statute of limitations</a></td>
<td class="num">$ (11,558)<span></span>
</td>
<td class="num">$ (22,254)<span></span>
</td>
<td class="num">$ (16,127)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of unrecognized tax benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 10B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-10B<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of decrease in unrecognized tax benefits resulting from lapses of applicable statutes of limitations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (a)(4)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>79
<FILENAME>R60.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259993224832">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes Components of Income before Income Taxes (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract', window );"><strong>Components of Income Before Income Taxes [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic', window );">Income (Loss) from Continuing Operations before Income Taxes, Domestic</a></td>
<td class="nump">$ 225,408,000<span></span>
</td>
<td class="nump">$ 217,971,000<span></span>
</td>
<td class="nump">$ 387,729,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign', window );">Income (Loss) from Continuing Operations before Income Taxes, Foreign</a></td>
<td class="nump">119,687,000<span></span>
</td>
<td class="nump">155,546,000<span></span>
</td>
<td class="nump">69,432,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income before provision for income taxes</a></td>
<td class="nump">$ 345,095,000<span></span>
</td>
<td class="nump">$ 373,517,000<span></span>
</td>
<td class="nump">$ 457,161,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Components of Income Before Income Taxes [Abstract]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(11))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 25<br> -Paragraph 1<br> -SubTopic 20<br> -Topic 940<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481913/940-20-25-1<br><br>Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>80
<FILENAME>R61.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259997293344">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Income Taxes Presentation of Net Deferred Tax Liabilities and Assets (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract', window );"><strong>Presentation of Net Deferred Tax Liabilities and Assets [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxAssetsNet', window );">Deferred Tax Assets, Net of Valuation Allowance, Noncurrent</a></td>
<td class="nump">$ 3,693<span></span>
</td>
<td class="nump">$ 3,867<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxLiabilitiesNet', window );">Deferred Tax Liabilities, Net, Noncurrent</a></td>
<td class="nump">279,815<span></span>
</td>
<td class="nump">276,137<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilities', window );">Deferred Tax Liabilities, Net</a></td>
<td class="nump">$ 276,122<span></span>
</td>
<td class="nump">$ 272,270<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Presentation of Net Deferred Tax Liabilities and Assets [Abstract]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, with jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-4<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxLiabilitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences with jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(15)(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-4<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxLiabilitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482525/740-10-45-6<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>81
<FILENAME>R62.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989376192">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies (Narrative) (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>May 29, 2013</div></th>
<th class="th">
<div>Jul. 31, 2024 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2023 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2022 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LettersOfCreditOutstandingAmount', window );">Amount outstanding in letters of credit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 96,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_SuretyBondsOutstanding', window );">Surety Bonds Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 9,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_NumberOfOptionalLeaseRenewalTerms', window );">Number of optional renewal terms</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,787,638<span></span>
</td>
<td class="nump">$ 2,825,649<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_OperatingLeaseExpense', window );">Operating Lease, Expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">71,700<span></span>
</td>
<td class="nump">71,300<span></span>
</td>
<td class="nump">$ 61,200<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=mtn_HollandCreekMetropolitanDistrictMember', window );">Holland Creek Metropolitan District [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LettersOfCreditOutstandingAmount', window );">Amount outstanding in letters of credit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=mtn_EmployeeHousingBondsMember', window );">Employee Housing Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LettersOfCreditOutstandingAmount', window );">Amount outstanding in letters of credit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">53,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember', window );">Workers' Compensation and General Liability Related to Construction and Development Activities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LettersOfCreditOutstandingAmount', window );">Amount outstanding in letters of credit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 36,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_NorthstarMember', window );">Northstar [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_OptionalLeaseRenewalTerm', window );">Optional Lease Renewal Term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2027<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_PerisherMember', window );">Perisher [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_OptionalLeaseRenewalTerm', window );">Optional Lease Renewal Term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DescriptionofPercentageRent', window );">Operating Leases, Rent Expense, Contingent Rentals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">of certain gross revenue<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2048<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember', window );">Canyons [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_OptionalLeaseRenewalTerm', window );">Optional Lease Renewal Term</a></td>
<td class="text">six 50-year renewal options<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2095<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_MadRiverMountainMember', window );">Mad River Mountain</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LeaseExpirationDate1', window );">Lease Expiration Date</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Jul. 31,  2035<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_HothamMember', window );">Hotham [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2058<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_FallsCreekMember', window );">Falls Creek [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2041<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember', window );">Seven Springs Resorts</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2052<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_UsernCorporationMember', window );">Usern Corporation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2033<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease1Member', window );">Swiss Confederation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2067<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease2Member', window );">Swiss Confederation Lease2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2068<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_MunicipalityOfTujetschMember', window );">Municipality of Tujetsch</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2033<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_FederalOfficeOfTransportConcession1Member', window );">Federal Office of Transport Concession1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_FederalOfficeOfTransportConcession2Member', window );">Federal Office of Transport Concession2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2047<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease3Member', window );">Swiss Confederation Lease2 [Domain]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2027<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease4Member', window );">Swiss Confederation Lease4</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LeaseExpirationYear', window );">Lease Expiration Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2094<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=mtn_CanyonsObligationMember', window );">Canyons Obligation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 369,143<span></span>
</td>
<td class="nump">$ 363,386<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DescriptionofPercentageRent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Description of Percentage Rent</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DescriptionofPercentageRent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_LeaseExpirationYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Lease Expiration Year</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_LeaseExpirationYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_NumberOfOptionalLeaseRenewalTerms">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of optional renewal terms</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_NumberOfOptionalLeaseRenewalTerms</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_OptionalLeaseRenewalTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of years in optional renewal terms.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_OptionalLeaseRenewalTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_SuretyBondsOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Surety Bonds Outstanding</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_SuretyBondsOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseExpirationDate1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Date which lease or group of leases is set to expire, in YYYY-MM-DD format.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseExpirationDate1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LettersOfCreditOutstandingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LettersOfCreditOutstandingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -SubTopic 10<br> -Topic 210<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69B<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 69C<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1D<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481139/470-20-50-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of operating lease expense. Excludes sublease income.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 842<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479041/842-20-45-4<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=mtn_HollandCreekMetropolitanDistrictMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=mtn_HollandCreekMetropolitanDistrictMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=mtn_EmployeeHousingBondsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingenciesByNatureOfContingencyAxis=mtn_EmployeeHousingBondsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingenciesByNatureOfContingencyAxis=mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_NorthstarMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_NorthstarMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_PerisherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_PerisherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_CanyonsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_MadRiverMountainMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_MadRiverMountainMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_HothamMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_HothamMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_FallsCreekMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_FallsCreekMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_SevenSpringsResortsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_UsernCorporationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_UsernCorporationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_MunicipalityOfTujetschMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_MunicipalityOfTujetschMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_FederalOfficeOfTransportConcession1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_FederalOfficeOfTransportConcession1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_FederalOfficeOfTransportConcession2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_FederalOfficeOfTransportConcession2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease4Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessAcquisitionAxis=mtn_SwissConfederationLease4Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=mtn_CanyonsObligationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=mtn_CanyonsObligationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>82
<FILENAME>R63.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991980592">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainRevenueNet', window );">Mountain</a></td>
<td class="nump">$ 2,544,370,000<span></span>
</td>
<td class="nump">$ 2,540,906,000<span></span>
</td>
<td class="nump">$ 2,213,114,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingRevenueNet', window );">Lodging</a></td>
<td class="nump">336,117,000<span></span>
</td>
<td class="nump">340,393,000<span></span>
</td>
<td class="nump">312,090,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ResortRevenueNet', window );">Total Resort net revenue</a></td>
<td class="nump">2,880,487,000<span></span>
</td>
<td class="nump">2,881,299,000<span></span>
</td>
<td class="nump">2,525,204,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_RealEstateRevenue', window );">Real Estate</a></td>
<td class="nump">4,704,000<span></span>
</td>
<td class="nump">8,065,000<span></span>
</td>
<td class="nump">708,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total net revenue</a></td>
<td class="nump">2,885,191,000<span></span>
</td>
<td class="nump">2,889,364,000<span></span>
</td>
<td class="nump">2,525,912,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainExpensesNet', window );">Mountain</a></td>
<td class="nump">1,743,351,000<span></span>
</td>
<td class="nump">1,718,941,000<span></span>
</td>
<td class="nump">1,404,527,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_LodgingExpensesNet', window );">Lodging</a></td>
<td class="nump">313,099,000<span></span>
</td>
<td class="nump">328,126,000<span></span>
</td>
<td class="nump">286,343,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ResortExpensesNet', window );">Resort</a></td>
<td class="nump">2,056,450,000<span></span>
</td>
<td class="nump">2,047,067,000<span></span>
</td>
<td class="nump">1,690,870,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_RealEstateExpense', window );">Real estate</a></td>
<td class="nump">9,514,000<span></span>
</td>
<td class="nump">10,635,000<span></span>
</td>
<td class="nump">5,911,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_OperatingCostsExpensesAndCostOfSales', window );">Total segment operating expense</a></td>
<td class="nump">2,065,964,000<span></span>
</td>
<td class="nump">2,057,702,000<span></span>
</td>
<td class="nump">1,696,781,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_GainOnSaleOfRealProperty', window );">Gain on sale of real property</a></td>
<td class="nump">6,285,000<span></span>
</td>
<td class="nump">842,000<span></span>
</td>
<td class="nump">1,276,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_MountainEquityInvestmentIncomeLossNet', window );">Mountain equity investment income, net</a></td>
<td class="nump">1,053,000<span></span>
</td>
<td class="nump">605,000<span></span>
</td>
<td class="nump">2,580,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization', window );">Total Reported EBITDA</a></td>
<td class="nump">826,565,000<span></span>
</td>
<td class="nump">833,109,000<span></span>
</td>
<td class="nump">832,987,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InventoryRealEstate', window );">Real estate held for sale or investment</a></td>
<td class="nump">86,548,000<span></span>
</td>
<td class="nump">90,207,000<span></span>
</td>
<td class="nump">95,983,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income before provision for income taxes</a></td>
<td class="nump">345,095,000<span></span>
</td>
<td class="nump">373,517,000<span></span>
</td>
<td class="nump">457,161,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">276,493,000<span></span>
</td>
<td class="nump">268,501,000<span></span>
</td>
<td class="nump">252,391,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GainLossOnDispositionOfAssets', window );">Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property</a></td>
<td class="nump">9,633,000<span></span>
</td>
<td class="nump">9,070,000<span></span>
</td>
<td class="num">(43,992,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ChangeinFairValueofContingentConsideration', window );">Change in estimated fair value of contingent consideration</a></td>
<td class="nump">47,957,000<span></span>
</td>
<td class="nump">49,836,000<span></span>
</td>
<td class="nump">20,280,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Investment Income, Interest</a></td>
<td class="num">(18,592,000)<span></span>
</td>
<td class="num">(23,744,000)<span></span>
</td>
<td class="num">(3,718,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax', window );">Foreign Currency Transaction Gain (Loss), before Tax</a></td>
<td class="nump">4,140,000<span></span>
</td>
<td class="nump">2,907,000<span></span>
</td>
<td class="nump">2,682,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest Expense</a></td>
<td class="nump">161,839,000<span></span>
</td>
<td class="nump">153,022,000<span></span>
</td>
<td class="nump">148,183,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision for income taxes (Note 10)</a></td>
<td class="num">(98,816,000)<span></span>
</td>
<td class="num">(88,414,000)<span></span>
</td>
<td class="num">(88,824,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
<td class="nump">246,279,000<span></span>
</td>
<td class="nump">285,103,000<span></span>
</td>
<td class="nump">368,337,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Net income attributable to noncontrolling interests</a></td>
<td class="num">(15,874,000)<span></span>
</td>
<td class="num">(16,955,000)<span></span>
</td>
<td class="num">(20,414,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">230,405,000<span></span>
</td>
<td class="nump">268,148,000<span></span>
</td>
<td class="nump">347,923,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">2,422,635,000<span></span>
</td>
<td class="nump">2,371,557,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_StatementGeographicalAxis=country_CA', window );">CANADA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total net revenue</a></td>
<td class="nump">326,200,000<span></span>
</td>
<td class="nump">321,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mtn_DoubletreeBreckenridgeMember', window );">Doubletree Breckenridge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertyPlantEquipment', window );">Gain (Loss) on Disposition of Property Plant Equipment</a></td>
<td class="nump">32,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_ResortMember', window );">Resort [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization', window );">Total Reported EBITDA</a></td>
<td class="nump">825,090,000<span></span>
</td>
<td class="nump">834,837,000<span></span>
</td>
<td class="nump">836,914,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember', window );">Mountain [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization', window );">Total Reported EBITDA</a></td>
<td class="nump">802,072,000<span></span>
</td>
<td class="nump">822,570,000<span></span>
</td>
<td class="nump">811,167,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_LodgingMember', window );">Lodging [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization', window );">Total Reported EBITDA</a></td>
<td class="nump">23,018,000<span></span>
</td>
<td class="nump">12,267,000<span></span>
</td>
<td class="nump">25,747,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mtn_RealEstateSegmentMember', window );">Real Estate Segment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization', window );">Total Reported EBITDA</a></td>
<td class="nump">$ 1,475,000<span></span>
</td>
<td class="num">$ (1,728,000)<span></span>
</td>
<td class="num">$ (3,927,000)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ChangeinFairValueofContingentConsideration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Change in Fair Value of Contingent Consideration</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ChangeinFairValueofContingentConsideration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Earning Before Interest Taxes Depreciation and Amortization for the Segment presented.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_EarningBeforeInterestTaxesDepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_GainOnSaleOfRealProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gains and losses included in results of operations resulting from the sale of land.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_GainOnSaleOfRealProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_LodgingExpensesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Costs incurred that are directly related to generating lodging revenues, including labor and labor-related benefits and general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_LodgingExpensesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_LodgingRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Revenue generated from owned and managed hotels and condominiums, transportation, golf and other activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_LodgingRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MountainEquityInvestmentIncomeLossNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Company's share of income (loss) from the operations of unconsolidated subsidiaries associated with the mountain segment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MountainEquityInvestmentIncomeLossNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MountainExpensesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Costs incurred that are directly related to generating mountain revenue, including labor and labor-related benefits, retail cost of sales, resort related fees and general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MountainExpensesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_MountainRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Revenue mainly derived from the sale of lift tickets and season ski passes, ski school, food and beverage, retail/rental and other revenue associated with mountain operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_MountainRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_OperatingCostsExpensesAndCostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Generally recurring costs associated with normal operations including costs of sales or services and General and Administrative Expense.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_OperatingCostsExpensesAndCostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_RealEstateExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Costs incurred that are directly related to generating real estate revenues, including cost of sales (including sales commissions), labor and labor-related benefits, general and administrative expenses and other expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_RealEstateExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_RealEstateRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Real Estate Revenue</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_RealEstateRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ResortExpensesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The sum of mountain and lodging segment operating expenses, net.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ResortExpensesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ResortRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The sum of mountain and lodging segment revenue.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ResortRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(7))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 35<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482014/830-20-35-1<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481956/830-20-45-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481926/830-20-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 830<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 17<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481839/830-10-45-17<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDispositionOfAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 360<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 5<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482130/360-10-45-5<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 360<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-3<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnDispositionOfAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfPropertyPlantEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -SubTopic 10<br> -Topic 230<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfPropertyPlantEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(11))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 25<br> -Paragraph 1<br> -SubTopic 20<br> -Topic 940<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481913/940-20-25-1<br><br>Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482685/740-10-50-10<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 740<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I.7)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -SubTopic 20<br> -Topic 740<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482659/740-20-45-2<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -SubTopic 10<br> -Topic 235<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(3))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482925/835-30-45-3<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 835<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483013/835-20-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Total of (1) improvements, (2) held-for-sale, (3) land and land under development, (4) construction-in-process, (5) mortgage loans held-in-inventory, and (6) other real estate investments which are considered inventory due to being held for sale or disposition.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(b))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 4<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4<br><br>Reference 13: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(1)(d))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 29: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 260<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B<br><br>Reference 32: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 33: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 34: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 205<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7<br><br>Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 28<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 942<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of Net Income (Loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(17))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 815<br> -SubTopic 40<br> -Name Accounting Standards Codification<br> -Section 65<br> -Paragraph 1<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 8<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 250<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 9<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 946<br> -SubTopic 830<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 11<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 205<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(16))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07(9))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 946<br> -SubTopic 220<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-09(1)(d))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 19<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19<br><br>Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 6<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 29: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 31<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31<br><br>Reference 30: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 31: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br><br>Reference 32: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 205<br> -SubTopic 20<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 7<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7<br><br>Reference 33: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 4J<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J<br><br>Reference 34: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 4K<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K<br><br>Reference 35: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A<br><br>Reference 36: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B<br><br>Reference 37: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 230<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 45<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-2<br><br>Reference 38: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br><br>Reference 39: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 810<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -SubTopic 10<br> -Topic 360<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 852<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 55<br> -Paragraph 10<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 944<br> -SubTopic 210<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 360<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480842/942-360-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 42<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 40<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 41<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_StatementGeographicalAxis=country_CA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_StatementGeographicalAxis=country_CA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mtn_DoubletreeBreckenridgeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=mtn_DoubletreeBreckenridgeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_ResortMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_ResortMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_MountainMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_LodgingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_LodgingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mtn_RealEstateSegmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mtn_RealEstateSegmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>83
<FILENAME>R64.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259995297952">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information Geographic Information (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
<td class="nump">$ 2,885,191<span></span>
</td>
<td class="nump">$ 2,889,364<span></span>
</td>
<td class="nump">$ 2,525,912<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">4,783,383<span></span>
</td>
<td class="nump">4,735,776<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems', window );"><strong>Revenues from External Customers and Long-Lived Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">4,783,383<span></span>
</td>
<td class="nump">4,735,776<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EntityWideRevenueMajorCustomerLineItems', window );"><strong>Revenue, Major Customer [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">4,783,383<span></span>
</td>
<td class="nump">4,735,776<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_StatementGeographicalAxis=us-gaap_GeographicDistributionForeignMember', window );">Geographic Distribution, Foreign [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
<td class="nump">498,442<span></span>
</td>
<td class="nump">523,022<span></span>
</td>
<td class="nump">297,204<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">1,925,108<span></span>
</td>
<td class="nump">1,882,018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems', window );"><strong>Revenues from External Customers and Long-Lived Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">1,925,108<span></span>
</td>
<td class="nump">1,882,018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EntityWideRevenueMajorCustomerLineItems', window );"><strong>Revenue, Major Customer [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">1,925,108<span></span>
</td>
<td class="nump">1,882,018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_StatementGeographicalAxis=us-gaap_GeographicDistributionDomesticMember', window );">Geographic Distribution, Domestic [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
<td class="nump">2,386,749<span></span>
</td>
<td class="nump">2,366,342<span></span>
</td>
<td class="nump">$ 2,228,708<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">2,858,275<span></span>
</td>
<td class="nump">2,853,758<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems', window );"><strong>Revenues from External Customers and Long-Lived Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">2,858,275<span></span>
</td>
<td class="nump">2,853,758<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EntityWideRevenueMajorCustomerLineItems', window );"><strong>Revenue, Major Customer [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">2,858,275<span></span>
</td>
<td class="nump">2,853,758<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_StatementGeographicalAxis=country_CA', window );">CANADA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_Revenues', window );">Revenues</a></td>
<td class="nump">326,200<span></span>
</td>
<td class="nump">321,700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">1,373,800<span></span>
</td>
<td class="nump">1,446,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems', window );"><strong>Revenues from External Customers and Long-Lived Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">1,373,800<span></span>
</td>
<td class="nump">1,446,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EntityWideRevenueMajorCustomerLineItems', window );"><strong>Revenue, Major Customer [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_NoncurrentAssets', window );">Property, Plant and Equipment, Net</a></td>
<td class="nump">$ 1,373,800<span></span>
</td>
<td class="nump">$ 1,446,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EntityWideRevenueMajorCustomerLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EntityWideRevenueMajorCustomerLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 41<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 235<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 323<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 825<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 220<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(ii))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1A<br> -Subparagraph (SX 210.13-01(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(i))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(A))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iii)(B))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(4)(iv))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 470<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1B<br> -Subparagraph (SX 210.13-02(a)(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 42<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (b)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 40<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 280<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 41<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 942<br> -SubTopic 235<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_StatementGeographicalAxis=us-gaap_GeographicDistributionForeignMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_StatementGeographicalAxis=us-gaap_GeographicDistributionForeignMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_StatementGeographicalAxis=us-gaap_GeographicDistributionDomesticMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_StatementGeographicalAxis=us-gaap_GeographicDistributionDomesticMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_StatementGeographicalAxis=country_CA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_StatementGeographicalAxis=country_CA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>84
<FILENAME>R65.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259993210960">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock Repurchase Plan (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1">209 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Sep. 25, 2024</div></th>
<th class="th"><div>Mar. 07, 2023</div></th>
<th class="th"><div>Dec. 04, 2015</div></th>
<th class="th"><div>Jul. 16, 2008</div></th>
<th class="th"><div>Mar. 09, 2006</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AcceleratedShareRepurchasesLineItems', window );"><strong>Accelerated Share Repurchases [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_TreasuryStockSharesAcquired', window );">Treasury Stock, Shares, Acquired</a></td>
<td class="nump">721,378<span></span>
</td>
<td class="nump">2,182,594<span></span>
</td>
<td class="nump">304,567<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_TreasuryStockCommonShares', window );">Treasury Stock, Common, Shares</a></td>
<td class="nump">9,369,680<span></span>
</td>
<td class="nump">8,648,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,648,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Repurchases of Common Stock</a></td>
<td class="nump">$ 150,000<span></span>
</td>
<td class="nump">$ 500,000<span></span>
</td>
<td class="nump">$ 75,006<span></span>
</td>
<td class="nump">$ 1,129,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased', window );">Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,500,000<span></span>
</td>
<td class="nump">1,500,000<span></span>
</td>
<td class="nump">3,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased', window );">Stock Repurchase Program, Number of Shares Authorized to be Repurchased</a></td>
<td class="nump">10,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Repurchases of Common Stock</a></td>
<td class="nump">$ 150,000<span></span>
</td>
<td class="nump">$ 500,000<span></span>
</td>
<td class="nump">$ 75,006<span></span>
</td>
<td class="nump">$ 1,129,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased', window );">Number of shares authorized to repurchase</a></td>
<td class="nump">10,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_TreasuryStockCommonShares', window );">Number of shares repurchased since inception</a></td>
<td class="nump">9,369,680<span></span>
</td>
<td class="nump">8,648,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,648,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased', window );">Remaining shares available for repurchase under existing program</a></td>
<td class="nump">630,320<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent', window );">Sales and Excise Tax Payable</a></td>
<td class="nump">$ 1,400<span></span>
</td>
<td class="nump">$ 4,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_StatementScenarioAxis=srt_ScenarioForecastMember', window );">Forecast [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AcceleratedShareRepurchasesLineItems', window );"><strong>Accelerated Share Repurchases [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_TreasuryStockCommonShares', window );">Treasury Stock, Common, Shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,730,320<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased', window );">Stock Repurchase Program, Number of Shares Authorized to be Repurchased</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased', window );">Number of shares authorized to repurchase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_TreasuryStockCommonShares', window );">Number of shares repurchased since inception</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,730,320<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AcceleratedShareRepurchasesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AcceleratedShareRepurchasesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to reacquire common stock during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of liabilities incurred through that date and payable for statutory sales and use taxes, including value added tax.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The remaining number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockCommonShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of previously issued common shares repurchased by the issuing entity and held in treasury.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockCommonShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockSharesAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of shares that have been repurchased during the period and are being held in treasury.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -SubTopic 10<br> -Topic 505<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 505<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Topic 210<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockSharesAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_StatementScenarioAxis=srt_ScenarioForecastMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_StatementScenarioAxis=srt_ScenarioForecastMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>85
<FILENAME>R66.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259993080384">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock Compensation Plan (Narrative) (Details) - USD ($)<br> $ / shares in Units, $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
<th class="th"><div>Jul. 31, 2027</div></th>
<th class="th"><div>Jul. 31, 2026</div></th>
<th class="th"><div>Jul. 31, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized', window );">Shares issued for stock based compensation (in shares)</a></td>
<td class="nump">4,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1', window );">Stock based compensation award vesting period</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant', window );">Stock based compensation, shares available for grant (in shares)</a></td>
<td class="nump">1,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Total unrecognized compensation expense</a></td>
<td class="nump">$ 33.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions', window );">Share-based Payment Arrangement, Exercise of Option, Tax Benefit</a></td>
<td class="nump">$ 0.8<span></span>
</td>
<td class="nump">$ 2.5<span></span>
</td>
<td class="nump">$ 23.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod', window );">Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember', window );">Stock Appreciation Rights (SARs) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value (in dollars per share)</a></td>
<td class="nump">$ 60.03<span></span>
</td>
<td class="nump">$ 55.37<span></span>
</td>
<td class="nump">$ 96.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue', window );">Intrinsic value of options and SARs exercised</a></td>
<td class="nump">$ 0.5<span></span>
</td>
<td class="nump">$ 3.0<span></span>
</td>
<td class="nump">$ 69.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares</a></td>
<td class="nump">119,000<span></span>
</td>
<td class="nump">120,000<span></span>
</td>
<td class="nump">160,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value</a></td>
<td class="nump">$ 0.9<span></span>
</td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="nump">$ 16.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=mtn_RestrictedStockUnitsRsusMember', window );">Restricted Stock Units (RSUs) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value (in dollars per share)</a></td>
<td class="nump">$ 204.68<span></span>
</td>
<td class="nump">$ 199.14<span></span>
</td>
<td class="nump">$ 336.57<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod', window );">Stock based compensation, restricted shares granted (in shares)</a></td>
<td class="nump">132,000<span></span>
</td>
<td class="nump">127,000<span></span>
</td>
<td class="nump">68,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod', window );">Stock based compensation, restricted shares vested (in shares)</a></td>
<td class="nump">80,000<span></span>
</td>
<td class="nump">63,000<span></span>
</td>
<td class="nump">68,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue', window );">Stock based compensation, total fair value of restricted shares</a></td>
<td class="nump">$ 18.4<span></span>
</td>
<td class="nump">$ 13.3<span></span>
</td>
<td class="nump">$ 23.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_UnrecognizedCompensationExpenseAxis=mtn_ExpectedToBeRecognizedInOneYearMember', window );">Expected to be Recognized in One Year [Member] | Forecast [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Total unrecognized compensation expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1.8<span></span>
</td>
<td class="nump">$ 11.8<span></span>
</td>
<td class="nump">$ 20.3<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cost not yet recognized for nonvested award under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of tax benefit from exercise of option under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2A<br> -Subparagraph (a)<br> -SubTopic 10<br> -Topic 718<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2A<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(02)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of shares authorized for issuance under share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Net number of share options (or share units) granted during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(01)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of options vested.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=mtn_RestrictedStockUnitsRsusMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=mtn_RestrictedStockUnitsRsusMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_UnrecognizedCompensationExpenseAxis=mtn_ExpectedToBeRecognizedInOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_UnrecognizedCompensationExpenseAxis=mtn_ExpectedToBeRecognizedInOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_StatementScenarioAxis=srt_ScenarioForecastMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_StatementScenarioAxis=srt_ScenarioForecastMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>86
<FILENAME>R67.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991267680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock Compensation Plan (Schedule Of Share Based Compensation Valuation Model) (Details)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate', window );">Expected volatility</a></td>
<td class="nump">30.00%<span></span>
</td>
<td class="nump">30.00%<span></span>
</td>
<td class="nump">31.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate', window );">Expected dividends</a></td>
<td class="nump">3.40%<span></span>
</td>
<td class="nump">3.20%<span></span>
</td>
<td class="nump">2.10%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum', window );">Risk-free rate, minimum</a></td>
<td class="nump">2.70%<span></span>
</td>
<td class="nump">4.00%<span></span>
</td>
<td class="nump">0.10%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum', window );">Risk-free rate, maximum</a></td>
<td class="nump">5.40%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">1.20%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MinimumMember', window );">Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1', window );">Expected term (average in years)</a></td>
<td class="text">6 years 4 months 24 days<span></span>
</td>
<td class="text">6 years 6 months<span></span>
</td>
<td class="text">6 years 4 months 24 days<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_RangeAxis=srt_MaximumMember', window );">Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1', window );">Expected term (average in years)</a></td>
<td class="text">6 years 8 months 12 days<span></span>
</td>
<td class="text">6 years 9 months 18 days<span></span>
</td>
<td class="text">6 years 9 months 18 days<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(iii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(ii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The maximum risk-free interest rate assumption that is used in valuing an option on its own shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The minimum risk-free interest rate assumption that is used in valuing an option on its own shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 35<br> -Paragraph 1D<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 35<br> -Paragraph 3<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480483/718-10-35-3<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(ii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(01)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 11: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(02)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(03)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 13: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(04)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 14: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 15: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(ii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 16: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 17: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(01)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(02)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 19: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(03)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 22: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 24: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 25: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(ii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 26: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(iii)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 27: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(iv)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br><br>Reference 28: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(v)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expected term of award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(i)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>87
<FILENAME>R68.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259992327280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock Compensation Plan (Schedule Of Share Based Compensation Option And SARs Award Activity) (Details) - USD ($)<br> $ / shares in Units, shares in Thousands, $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Share-Based Payment Arrangement [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber', window );">Awards, outstanding beginning balance (in shares)</a></td>
<td class="nump">710<span></span>
</td>
<td class="nump">679<span></span>
</td>
<td class="nump">873<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod', window );">Awards, granted (in shares)</a></td>
<td class="nump">181<span></span>
</td>
<td class="nump">176<span></span>
</td>
<td class="nump">97<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised', window );">Awards, exercised (in shares)</a></td>
<td class="num">(15)<span></span>
</td>
<td class="num">(92)<span></span>
</td>
<td class="num">(278)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod', window );">Awards, forfeited or expired (in shares)</a></td>
<td class="num">(125)<span></span>
</td>
<td class="num">(53)<span></span>
</td>
<td class="num">(13)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber', window );">Awards, outstanding ending balance (in shares)</a></td>
<td class="nump">751<span></span>
</td>
<td class="nump">710<span></span>
</td>
<td class="nump">679<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber', window );">Awards, exercisable ending balance (in shares)</a></td>
<td class="nump">497<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice', window );">Weighted-average exercise price, outstanding beginning balance (in dollars per share)</a></td>
<td class="nump">$ 235.69<span></span>
</td>
<td class="nump">$ 241.13<span></span>
</td>
<td class="nump">$ 181.17<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice', window );">Weighted-average exercise price, granted (in dollars per share)</a></td>
<td class="nump">226.71<span></span>
</td>
<td class="nump">220.73<span></span>
</td>
<td class="nump">360.69<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice', window );">Weighted-average exercise price, exercised (in dollars per share)</a></td>
<td class="nump">197.88<span></span>
</td>
<td class="nump">222.14<span></span>
</td>
<td class="nump">93.32<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice', window );">Weighted-average exercise price, forfeited or expired (in dollars per share)</a></td>
<td class="nump">244.56<span></span>
</td>
<td class="nump">280.09<span></span>
</td>
<td class="nump">271.04<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice', window );">Weighted-average exercise price, outstanding ending balance (in dollars per share)</a></td>
<td class="nump">232.81<span></span>
</td>
<td class="nump">$ 235.69<span></span>
</td>
<td class="nump">$ 241.13<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice', window );">Weighted-average exercise price, exercisable ending balance (in dollars per share)</a></td>
<td class="nump">$ 230.76<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm', window );">Weighted-average remaining contractual term, outstanding ending balance (in years)</a></td>
<td class="text">6 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm', window );">Weighted-average remaining contractual term, exercisable ending balance (in years)</a></td>
<td class="text">4 years 7 months 6 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue', window );">Aggregate intrinsic value, outstanding ending balance</a></td>
<td class="nump">$ 5,049<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number</a></td>
<td class="nump">741<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price</a></td>
<td class="nump">$ 232.88<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term</a></td>
<td class="text">5 years 10 months 24 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value</a></td>
<td class="nump">$ 5,049<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue', window );">Aggregate intrinsic value, exercisable ending balance</a></td>
<td class="nump">$ 5,049<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices of vested portions of options and stock appreciation rights outstanding and currently exercisable under the option plan as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares into which fully or partially vested stock options and stock appreciation rights outstanding as of the balance sheet date can be currently converted under the plan.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options and stock appreciation rights outstanding and currently exercisable under the plan.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average period between the balance sheet date and expiration for all vested portions of options and stock appreciation rights outstanding and currently exercisable (or convertible) under the plan, which may be expressed in a decimal value for number of years.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average price at which option and stock appreciation right holders acquired shares when converting their stock options or stock appreciation rights into shares under the plan during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For presentations that combine terminations, the number of shares under options and stock appreciation rights that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the plan or that expired.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The combined weighted average exercise price associated with stock options and stock appreciation rights during the period that have either lapsed or been forfeited.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on stock options and stock appreciation rights awarded under the plan during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices pertaining to options and stock appreciation rights outstanding under the plan as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares reserved for issuance under stock option agreements and stock appreciation rights awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options and stock appreciation rights.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average price as of the beginning of the year at which grantees can acquire the shares reserved for issuance under the plan for options and stock appreciation rights.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average period between the balance sheet date and expiration for all awards of options and stock appreciation rights outstanding under the plan, which may be expressed in a decimal value for number of years.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of grants made during the period on stock appreciation rights.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of share options and stock appreciation rights exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Number of fully vested and expected to vest exercisable options that may be converted into shares under option plan. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(2)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Weighted-average exercise price, at which grantee can acquire shares reserved for issuance, for fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining contractual term for fully vested and expected to vest options outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 718<br> -SubTopic 10<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(1)<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>88
<FILENAME>R69.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259989217760">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock Compensation Plan (Schedule of Share Based Compensation SARs Activity) (Details) - $ / shares<br> shares in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jul. 31, 2024</div></th>
<th class="th"><div>Jul. 31, 2023</div></th>
<th class="th"><div>Jul. 31, 2022</div></th>
<th class="th"><div>Jul. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number</a></td>
<td class="nump">751<span></span>
</td>
<td class="nump">710<span></span>
</td>
<td class="nump">679<span></span>
</td>
<td class="nump">873<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember', window );">Stock Appreciation Rights (SARs) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number</a></td>
<td class="nump">253<span></span>
</td>
<td class="nump">251<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod', window );">Awards, granted (in shares)</a></td>
<td class="nump">181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod', window );">Awards, vested (in shares)</a></td>
<td class="num">(119)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod', window );">Awards, forfeited (in shares)</a></td>
<td class="num">(60)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value, outstanding beginning balance (in dollars per share)</a></td>
<td class="nump">$ 62.96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value, granted (in dollars per share)</a></td>
<td class="nump">60.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value, vested (in dollars per share)</a></td>
<td class="nump">62.88<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value, forfeited (in dollars per share)</a></td>
<td class="nump">63.21<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value, outstanding ending balance (in dollars per share)</a></td>
<td class="nump">$ 60.73<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares reserved for issuance under stock option agreements and stock appreciation rights awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options and stock appreciation rights.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of stock appreciation rights, that were forfeited during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value as of the grant date of stock appreciation rights that were not exercised or put into effect during the reporting period as a result of the occurrence of a terminating event specified in the contractual agreement of the plan.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of grants made during the period on stock appreciation rights.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value at grant date for nonvested stock appreciation rights issued during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value of nonvested stock appreciation rights for which the employer is contingently obligated to issue equity instruments to an employee who has not yet satisfied service criteria necessary to gain title to the underlying shares or units.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementSarsVestedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of stock appreciation rights, that vested during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementSarsVestedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value as of grant date pertaining to stock appreciation rights for which the grantee gained the right during the reporting period, by satisfying service requirements, to retain shares or units, in accordance with the terms of the arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>89
<FILENAME>R70.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259992510064">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock Compensation Plan (Schedule Of Share Based Compensation Restricted Stock Units Activity) (Details) - Restricted Stock Units (RSUs) [Member]<br> shares in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Jul. 31, 2024 </div>
<div>$ / shares </div>
<div>shares</div>
</th></tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber', window );">Awards, outstanding beginning balance (in shares) | shares</a></td>
<td class="nump">169<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod', window );">Awards, granted (in shares) | shares</a></td>
<td class="nump">132<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod', window );">Awards, vested (in shares) | shares</a></td>
<td class="num">(80)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod', window );">Awards, forfeited (in shares) | shares</a></td>
<td class="num">(27)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber', window );">Awards, outstanding ending balance (in shares) | shares</a></td>
<td class="nump">194<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value, outstanding beginning balance (in dollars per share) | $ / shares</a></td>
<td class="nump">$ 227.87<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value, granted (in dollars per share) | $ / shares</a></td>
<td class="nump">204.68<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value, vested (in dollars per share) | $ / shares</a></td>
<td class="nump">232.56<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value, forfeited (in dollars per share) | $ / shares</a></td>
<td class="nump">213.55<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue', window );">Weighted-average grant-date fair value, outstanding ending balance (in dollars per share) | $ / shares</a></td>
<td class="nump">$ 212.14<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of restricted stock units vested during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of restricted share units, that were forfeited during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value as of the grant date of restricted share units that were not exercised or put into effect during the reporting period as a result of the occurrence of a terminating event specified in the contractual agreement of the plan.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Net number of restricted share units granted during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of non-vested restricted share units, that validly exist and are outstanding as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value of nonvested restricted share units for which the employer is contingently obligated to issue equity instruments to an employee who has not yet satisfied service criteria necessary to gain title to underlying shares or units.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value as of grant date pertaining to restricted share units for which the grantee gained the right during the reporting period, by satisfying service requirements, to receive shares or units in accordance with the terms of the arrangement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value at grant date for nonvested restricted share units issued during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=mtn_RestrictedStockUnitsRsusMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=mtn_RestrictedStockUnitsRsusMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>90
<FILENAME>R71.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45259991283904">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Retirement and Profit Sharing Plans (Details)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Jul. 31, 2024 </div>
<div>USD ($) </div>
<div>hour</div>
</th>
<th class="th">
<div>Jul. 31, 2023 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 31, 2022 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_CompensationAndRetirementDisclosureAbstract', window );"><strong>Retirement Benefits [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DefinedContributionPlanEmployeeContributionPercentage', window );">Employee contribution percentage</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent', window );">Company match amount equal to participant's contribution</a></td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DefinedContributionPlanEmployerContributionPercentage', window );">Employer contribution matching equal to 50%</a></td>
<td class="nump">6.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths', window );">Employment period (in months)</a></td>
<td class="text">12 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours', window );">Service period (in hours)</a></td>
<td class="nump">1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours', window );">Total service period (in hours)</a></td>
<td class="nump">1,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_DefinedContributionPlanCostRecognized', window );">Retirement plan expense | $</a></td>
<td class="nump">$ 10.8<span></span>
</td>
<td class="nump">$ 9.8<span></span>
</td>
<td class="nump">$ 8.5<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DefinedContributionPlanEmployeeContributionPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Defined Contribution Plan, Maximum Employee Contribution Percentage</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DefinedContributionPlanEmployeeContributionPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DefinedContributionPlanEmployerContributionPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Defined Contribution Plan, Maximum Employer Contribution Percentage</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DefinedContributionPlanEmployerContributionPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types1:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Requisite Employment Period in Months to be eligible for the Company's matching contributions if 1,000 service hours are worked.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Requisite Employment Period in Hours within a consecutive 12 month period to be eligible for the Company's matching contributions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:positiveIntegerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Requisite Employment Period in Hours to be eligible for the Company's matching contributions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mtn_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:positiveIntegerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CompensationAndRetirementDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CompensationAndRetirementDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedContributionPlanCostRecognized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cost for defined contribution plan.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Topic 715<br> -SubTopic 70<br> -Name Accounting Standards Codification<br> -Section 50<br> -Paragraph 1<br> -Publisher FASB<br> -URI https://asc.fasb.org//1943274/2147480794/715-70-50-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedContributionPlanCostRecognized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of employees' gross pay for which the employer contributes a matching contribution to a defined contribution plan.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>91
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
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MW""Q^SC_0F,C)>'02)WAAW])103Q#I>T)6Z&I?@L=6O@D\H0'>>AAX,6&NI
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M,'GY8I34N7L(MHY?_RL;@JWBGR5)" ]OP/NUA3JU#^R@_SGH_!]02P,$%
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M/?U;=@XU E-5U,W_Y*FS]18DW==:;;O!H&";E^U?\:T+Q&  ]6<&L&X >^D
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M/<)8Y65##GFU;]DN=>W6BDL,\-6417^B0=[\JJTB&7Z>D?GQB-,LP>H5!LU
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MS=OR,<X.!^2TO&6YJ;M_K<=#6OO,6N[JIMP>,HL2;/-B_S?]<*B(HPR$G<A
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M*"T8=00A-&8$I<6CCB!!Q1RJ[^@Q!+,G,';5"54GFREW?7EXN#"'FRPI)"V
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MY@!(3C!,Y\I$>9Y4D#I?KZ%>2*]>R#GJ!2HJCVH78FH-SW6,46>B@E!?4(H
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MS%*\=)!V915_/WTEY6[)&CJ@B@I ;>WDI2DPP%>C=M_T>_^9DA[986F2^3[
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M"@OOW,LN":"Z9B]S/!M-3\^3T]'EZ90^7UPF?W\*TYDB9R=G9+<N1R>G%VS
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M8L@B.S,N>+NP+,G*#$3B4&DXG";>F6+!25# ;6 .>UV11:.:15*CT+/-D%U
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M2*:SI?C0+WY&LV0\7(K1-$D9M&28CL3?J5H \W,H< 0%C><"^E@"=(?3%)L
MVG2:+$8S ;"F4-MXM$P68_R'7D:@-1X.DS'T]?:!F@'G09T"2DFG(T&ZP$:'
M]@70@,=X///(C 'T>#FF3V!QN!SZ?:X3.-/1 DA.%G/_>92D (WUE4)R0!8V
MX\]W+@MU*4P8UD4RG$W%?+CPJ\_/F$(9(_]Y"8PF\8SE*!4O.T-#%QI?HW50
M>SCTVT[J>M-)7>\EM:PQBY]?)%RY(?"%G-B% Z[DQBOCT!7*Y%)VNA\.O(C)
MG;GA/LL_PB@[54QXX@8$KKMU]<9!%E1MA0*L0G$AP8G]UB6,?EA/N@5 :*68
M+>Y$$>50?.6U;\]009"V+LO73C)4J%!IB  %5T564NJQLBS=#0[D=%WVM5]/
MDT"DK5>$DP_,O-#-!MQD.>H$@K8-?-R\A3C:Q(R,[HM$<&5&O$L:M)=<K[*2
MA+3MDU)E*U6V:2IVAJUJL_,9IO4U4W9T]NAW2NX(>0SA;G^*>X?I90/LP-[I
M$WUM%+I52M,KZ2<5!)/#^6RJNG*BD=HO6J6_B;*>3P:<RHW,;ELYHO1]YEWE
M=PR3E2\=HW9.C_=,_<$0.*4TZNO<.C-U+!X[T[W0X7'K=M*A]:[SW'&!\3B>
M",?U0#Y=U+T 2Z+K/RX ?_^GCA=3J<AQX.R:J7]GX\\J)%]<4L72Q&&<$S*#
M"1ZOV4FWZ2%7+,D_>&I[V0;"6*PS##L9 O4&*<%/42(5^A"*^XZK2D@1QZ[U
M5IE"_-9 5VZT2QRME24?I%KHPKR^96M-XU:4A?5CKF6KK*99WH&:V4?3^72P
M$#L%9GRK@$?I8-8^8@+]6LE75V,*>W8?)K\N,(;J[')QUBV8N^W1'K!\XCB#
MY8^FD_E@&#G \=VTQ:W%(>O,0SU&5YWS7(3Q9_%"+-UTX4JX0C<\K6T]G:YP
MX\(''*9ST<FHCX:3P;*/^FBX',S_%.HOS]<ZH _\P@K!ZX?([0B:HK;V?7J8
M2_F^'SILJK8OOQ9FP.05T;L9'D74JC>^)<7UM3V:NFJ^DS#@)[(^R0P9-[6%
M[$12GP]XN$Z2NEO1;B=+O7)%%:@?E ZHM'-!][2K,K)-<"OE?)-DL]SB0W"[
M;4WM6A$3W/B>9L1^[,-]"]WJQ.M(>LHE0E"^ZW)]=&ZO1JT;TE.73<F'D5[)
M^D!C 57=:Y6'JXUN7N0QJ:M$J/_MO"G1;]8O'LC%3KC!(,YMTA'64,0U,I[D
M;P!Z[!.0A2QAFT86?=I&AFG[A2'-#P@*RK@QB[;4^_?NNB];1O\*\F(8IVKL
MP-9+EEWH9E6OF[)-S&A3RJ-59^8G#FBCY6-HP!TG:6S _+#2H(!"012Z:^++
M*]IOW7SDS8H!ONL;R5VTM0^7QBH4U7) IO O0ZR/:=8E<;KM5]:RZP$HMD1R
M#,[CVAWHK_4H5?83?F<TXH&C@,!5S<N<_ MV5![/HS/=0[AQ9*B.R'N="H+K
M'9U>B:4OJ2NNA*M'TT':#?AYP-*+=K5KX'@:@T3OK08D8\.C!,?PE=%H;]KA
M*U7QGMZVZ^2(+U0,(>%GV]SY[NC=QH:+_7AG9SIO9%VY[KITHR_/I^:/TD6;
MIP%AVL60<TJ:#D;QB1^=\)M0!&ZG3OG2:4H_\X1@=U$%<?) >T-CW(ZA_0S[
M#\R?3L=/78AH]";]M(QZ+D_\"[76B3.5KA[W7:=_H<9%!YE5D82W&WI:\6FU
M-P4^G7+&&18/(T,\CT&WO=[#R4V-+NEWWT]]8.4Y0?YOQ!]T@ZM#OTOO0=YV
M7DV% !M^ 9<0!CON+=7X-+[C^]*]VMHN=R\(O^;;$)3:<HVMP\%\>N,R>_A2
MZSV_Z+K2-=#BCUN)HL#0 OR^UKH.7^B ^.;SB_\!4$L#!!0    ( #*!.EGM
M8>;H8 P  %HG   9    >&PO=V]R:W-H965T<R]S:&5E=#$Q+GAM;.U:;6_;
M1A+^*PLW*6R D?FB5SLQ$*<77(NT#9*TQ>%P'VAR)6U#<M5=TK;ZZ^^969*B
M*$KG]/KA#NB'.'S9G9V9?>:9F:5>/FCSV:ZE+,5CGA7VU=FZ+#=7EY<V6<L\
MMB.]D07>++7)XQ*W9G5I-T;&*4_*L\O0]Z>7>:R*LYN7_.R]N7FIJS)3A7QO
MA*WR/#;;6YGIAU=GP5GSX(-:K4MZ<'GS<A.OY$=9_K1Y;W!WV4I)52X+JW0A
MC%R^.GL=7-U.:#P/^%G)!]NY%F3)G=:?Z>;;]-693PK)3"8E28CQW[U\([.,
M!$&-WVJ99^V2-+%[W4A_R[;#EKO8RC<Z^T6EY?K5V?Q,I'(95UGY03_\7=;V
ML(*)SBS_%0]N['AQ)I+*ECJO)T.#7!7N__BQ]D-GPMP_,B&L)X2LMUN(M?PF
M+N.;ET8_"$.C(8TNV%2>#>5409ORL31XJS"OO'DG89(5YS_H4MJ+EY<E9-*;
MRZ2>?^OFAT?F!Z'X7A?EVHJ_%:E,]P5<0IE6H[#1Z#8\*?&[*AN)*/!$Z(?C
M$_*BUL*(Y46G+?SGZSM;&H#@7T-&.A'C81$4&%=V$R?RU1F0;Z6YEV<W7W\5
M3/WK$PJ.6P7'IZ3?O(GM6KQ%='CB8[799!*8+^-,?*-LDFE;&=+^DWPLQ6VF
MD\^#^I]<85C_3VLIECK#NJI8B3*^RZ3@MT5I18F7MJM,0DHN,5BHPE$!QY2U
M.E%Q*5/ MESSM#<ZW\3%]NNOYF$PN[8B@_]I!8X_52I8 P$\="MC8X4DX AL
M^[;==OX;B;A(Z2(4YZK !%U9/+$75^(?F#@TSTWC*6]:A??LZ&A_)7[<2(-+
M*,?F@;-H@M-/M^]("[O6IGQ12I.S/;#AF9B.O1F6Q,7$"X,I+B8+;Q[,3XKE
MV2]89J&+%WPK$KA,%^QXO11+5<1%(G<+3<;>>+IP%[/Y'!?1S)O,(O$#)/ 2
M3S'QPX\_T7Y)6N2N!%W#>7"K?$S6<;&2/:.=8OHN4RN61'H$_M2;^ &M[WO1
M.,1%&'G!PA=O:Y6?LL:>>?T5QIZ_B&B!A1<$Y%N&47@M3L39I(VSR<DX>R>A
MF?0Z+G'4,!1/IR6-1_54\6D \#TG6FPO<I@M$5T*B4\!K]AE1!H@)3)" OWC
M"Y5OC+[GC;0>P2*7!O&5\0@CX=%,<"![$+%4\&)])_--IK=2DEB58CI-J@I%
M8N[E6B49]" A&G&'T/FM4AM:9=2U -F,$ YCK5!+#!>Q,;1O-%(H6&;(%MI7
M"*LW,"[Y&3$KMCJ1&R8&C,QUJJ B[^UHT%$-^-UL*U:R@.<R^,<XM!B=BX!9
M0I1:Q!LXYQ$N+"6&S'Q''YYC'JMS>2"P5I:V N'EE#+-,!!J75MHUAF2Y".Y
MVS(5PJXA-DM!RMB(ODT=W5,-]Q6:O9%5J20Q]NBB@IE-XC_%>^:&,='$>,EN
M)V$HN*PNH-E6)-*059@&'3'B0659HSJQ=K)NA0]NSDA\BYU-4T4W7BNNWL[=
MCK?^0\@^2H?2>^"7W>-&;^(MCW2^./(2,F4'^R04.T*0,HZPVH%47@&BH*US
M=0&$(9 2&@(L<,3<RZ(BB&><<0 )\APOEF(!BKMR>XVYF'P@\T"<C2DF$&VF
M]5'%&W O,WM-8($@2.H;D_Z*J@PBB<L<K?$F(EH4$M(CHRPVGU%/W\=9)=DU
M]K1SRNT&@<+ EXE>%>IW2JAKZ:!10:S)MH1B\D I=))4QH4SS:YQQDR[XQ[Y
MB+J=V$<7@T!^ WSH3*7LRH\E_LN;!%039 >=-J;H C$ ;Y*124_K):"$X@S/
M\4HO0$(;R>5V#9TAM RS0;PRLM8DC[<BSJQN VDH87H.\+%EMJ1M1J0(ZD80
M:)QGF%<+E%%T![8 &:[9;W&2Z*IHMM+*36R86D;B;556YF"G.-YH8@?!F&AD
M734-)W2:T&&#M'%ICH%8A*D5/J='_>R; 3 J4^7VB0Y+-:_41"W1$I&E(5[A
MO$#X9E"*505C8;NTS@24QLIM6(*(@.-HE][5E.5VN1-V/<> HCJXY5"C4IOZ
MH1<,&L2@JD.-[&1VJVUF42?L:ZVBQ(C,!MG4>Q*1--F*HPJ9,U,)V)#V<"1>
M6QYHT9MY7?@W;K>[Q7=N%I4K5%&PV)+S#.U68IK"ZDX;XZIE6J1&DJ(@*5TM
M"M>@IZ2&TX4!C8*=])Y<O*?(@ZZRE'SH'(8^CMR+%,).=!Z#/+<FY^*<T$JI
M&ZITN6^W$<P4PJI<990RX9W]6*,4FJG:^*?8R!D$Q(E*!:V"THX==YS*<H W
MG:L$]?B],KI@1 \U!H=;#8<W.Z&+%;!R3VG&U8_8T%@9%K:J0%,4RK"Z+5$:
MR+D^!#'>"RAXK*U&.\(\5]GLAQ3* @C2QI7H3+*NV-G1>Z),4N6V)#UJ*C!4
M19D:D5C&VEU%M5_19WN!],7=SX.D56S=K=D_T@V]W>LIKL1K%$*E^MUU<74H
M+@^+>%3D 5J:P%W,N/9?>#X>?-M@6A>],%+<LXP#+YQ0JS+V4=)SSS+QYO.@
M4WTWNO2>M'["W*DW#:@=&$^\:#ZAB\@+%Q/QL=>.M7/.@POJ2D)O'(W=Q6Q"
MG5,P@:2Q^'D_">]6"KWI@B9 O,\3O<A?L+2C2RD*#M#F7>5ZYX87;8UXBCYR
M;1 2O.B$A-L_:^OF;Z]9,@-.W,OM)%,](9/?QAEOXD<Z$:JC_Z\N_Z\N__^C
MR_^%#U%E^B)&K4!U.OB\;N!VC9$+(&K$."'6>8J=N@^3&EB1J_9:_KSJ#>O>
M14]3@:'*N+XX(#0PY<@7BU&?=$4TQ?-H-IH>KK%GS*'$R6@NGHOQ:(&_/:$+
M?NC^UF7K4,D] /8> (<<6!<S5(]L,=ZB1W'=^/GK:H4N",UYN3:Z6JV;B1<]
M7Q_$=/_PI;6GOL6ZQ/,3WPOG8Q<#X82#?4KI((IF]&@\GM&C&:69Q32@1U/W
M: XW UT3]XBI8D% ]B.\F7L+WR=*1,)>8A]%,(5(3 Q _U.$=R@^:0JNI?,D
MZ@R55WG?E]$L\/QIB%GS^<0+_$B\8UIW!5K;#Y"1;>EW'OAC;S&?7N *<3Y#
M$HTNZM6&\F<(S?S9E#/I' ;YKJRH#/7,7)#5F?M8TT!BJ S:.S1Y%H6 '\K#
MK*F:G@&5B]V3$U'D==JZ;.LU5;_I9*>ZH[+D*LHT=8^:)*8B1'8TJU,93> \
M0OJ?S&-[L#](DWU%N)SD0$WE'6J^@FK +UV2"T0,)-(Z1F?B 2Z##Q>CH._6
M:#3^0WYU;46+HGZQ'A<%-0!'@]SUWPUE 1Q*ITV%UQPR3?SZ4*W?B!&M5[EC
M"%Z&6P/'#ZY]08XC)EF*\/D>#4.9MGMJ0=\T0('_G%NR)_N@VRBMXP[0GLV#
M+ES)TPL?5-L\P0JTU_O;U<E75,GKHJ@_">ZJF7J;>;R#"R0]"_Q@-.NMUMU6
MBJ\$;4'E.N.X4U1[W?9POX9K3JH\L0'@2I;;'LCN8?6+*[U?ULJ6&8CM-HN3
MSP#ZW>YDF$B83VE.0CF<]?T;+D:3/P_(1RCUJ<@-CR&WW33'PG:8AKVGX164
M./G3$!M.^AB"CR?_)6*; V6[ VO8W29:)NAPTO\.4D?BF\IP+U*W!L.=0=>?
M37M-968Y<.[5@$?OSBUA[P\P<8V&W8@/[E/+.6D7^M?M"[X/KB\\EN"\,'P6
M;ZGK4]R/B>]B,*/9NOJ#/,)99:=-<U#EM,)CT-\+-M2=RK>"VV\!"-[W +MI
M3G6>YI5UG/+!6'LBDNZ^"#  #S\8Z-UG I+0'CL>48M-V+D1MGJ</DV*_2/0
MZP+2CWF,3RWXTU>*JU/GGAVT\Y>P?HI_(F32BIOP @-<[M^51JF$T6R2VV5W
M^'9'BB^S2@*<7.*2_&:H\Q8=['5)Y@@L=PFTXSU.CT_?G,&O.>Y<QECV%8'_
M/V*)$G6[9YXKP(X=AK8DU3T!U$.])'\Z/%UI/IMUB4[&R1H,6G]EHF\;1Y8^
M2GR<@*->776\K>3A(1JE$ZGJ("=]64H*(H>^[L;_T3S4.4VO[=WGH(-/LC6
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MC^K.X&G4<<ED*9256C$CUM>#M^.+VRF=]P?^E&)K>WM&FJRT_DX/G[+K04R
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M 7NS-!W+T1%1[1398$5OM*UWW++E#".9M@&]$DF$21RD=V0M9V,:NS&0(ZU
M_3?($2_@P:($PSM_OCCQB,.#F@G[G=.NA[N SL!:EMH9B*OC)-P9!N_>-*:
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M ]E-VI@:V'9%?Q^UM)-O W%E!56V#T6&)?G4:O7X2Q K/XP9CQ>#F=>)E)D
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M(EI;&2V-A4%:3""[-CU)75[-MM'9(3[WP@O:F0JXP_K)^<0=L3Z@]Q%\L%6
M$UT%>*)'<H7+#N/6%Q]E6C8@&BK))7QB$8DK[Z3EGL0:_O9>/L(>W[.9>5N
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MP1O@.H:TS1><P+[$^(?_ U!+ P04    "  R@3I9#@,:T^P,   Z*P  &0
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MN\I^U-N?U*!/[/CENFK]?[+M]T;QA.1=:W4]$$."NFSZKWP<['! D 8G"/A
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M   9    >&PO=V]R:W-H965T<R]S:&5E=#$V+GAM;+59:8_;.!+]*X0G&22
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MZ:0_V>N7\/++3X,#Y^E.?$!B-CGK&PXJ/P&8 W(%? ::T16]STQ,A0AERRK
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M0SD(P;1#GU$/H?0);7A"W76UUF#)"&#M:1*Z:E-W)S0>A+9D3BD3I=NJJQ&
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M]/,:VO[W85I$@/QF )#0W*^QLN8\UE?6P&&^Y!7NFA72YEOSP,[;26O<<K6
MB2(%_PW=<'C;S=.&6  A^OL/,9%Q7SW=,NCN3BS#>6R.H%MH+QJ$;W"O9+%*
M?C(VUAJWW#1)Y"-J,^T_]]W+V+..4UH_$'+>- !FX#"/"+6*0+=UHZ.?5@R\
MXC8.M>MG(3D=.%OJ:=!AL#O>1.86NE3YMV\ZTNP^^QW6])BGC@^DV7+#*+((
MC)9QDWB2C(//G7"(G$BNAJ,3\UFSZ]H$BIGE"TB!%38&^7@<IFZX F.(B0N'
M\X8'+GDVCLPW;=.4H7.-(!U-'<7;WKU_(.0K(,26CTH14BGX[ZYLR;5K.9=8
M[09E@*'HD(P$V]=KQFF0:TF:33B7VASS9+-P0&[KA5SAI$A2FM9#-2I-E+MA
M'PE;Q/-55&I(J2#;W;WI)VNHK#FWRH&#T,4G'BW!$C0MC$.4N#+,Z@)S//)&
MHH.!:)>*AJ2CBSE!*+YG0"760M.N 2IHW-9AN7'A?A/7A*ONX'I YK'OA<%<
MQU"ZH=)/!],.(I-UN#] !1,6;_HAZS@M,-<T\0'<NR4WMLFAXO4MIK>MYK&6
MMT8V>BC9/80JXQVLNA-O N?Q0PG2P'2/ 'FXGZGX"!(%3?KHYJRL&/#.^,SE
M/Q^+\'1P16)-)QS9;]M/ITFG813)(\P]7*1S:][?%N6HI[[$8@'D1(AUR@Q)
MC$Y[M>>)6FH)DE4K2>#E< ;BN,_!&G6&VI);6'P4R7C*ZFZKJ8D*U]2QHE;>
MERD3TG!^".B?VKQ(%U' +U[E&Q0: O%\*YZ0V-V*@E*AAPK"O9T^)!.G0=QT
M[2%($D[<@_1[E66,& 7Q'1$T+0TW8'(-.K8C3U.V=X#=>(]LKDJM5FI\=8;;
M=KGZTH819LH)?#N%#H[QO,S+(G)RRH?Y0N",;KDNHJM;'Z&AK;NO\7(63*&J
M_;&Y$WW)"RE;[KDDFRJW\TDJ:2@0 Q>=KVYQR,-6<LO.!G=9;;KOJO')X*HX
MSA(%7XAG,]0^W!KOGG9W[J_"5?-^>;BP_T[: HI'1"_PZNGTT>51:#2D+R@=
M^.+YW'AO*OZ(O(N\3 OP^\(@<\4OM$'W?R*\^ ]02P,$%     @ ,H$Z67<O
MJSBH"@  :1L  !D   !X;"]W;W)K<VAE971S+W-H965T,3DN>&ULG5EK3^-(
M%OTKI4SO"*3:X/>#!B2:[IYE-=.+H&=6J]5^,'8EL;!=F2H;2/_Z/;?*=AP"
M--,?(&6[ZC[//?<Z.7F0ZDZOA&C98UTU^G2V:MOU\=&1SE>BSO1<KD6#)PNI
MZJS%I5H>Z;4266$.U=61YSC149V5S>SLQ-R[4F<GLFNKLA%7BNFNKC.U^2 J
M^7 Z<V?#C>MRN6KIQM'9R3I;BAO1_KZ^4K@Z&J4492T:7<J&*;$XG9V[QQ\"
MVF\V_%&*!SU9,_+D5LH[NK@L3F<.&20JD;<D(</'O;@0546"8,:?O<S9J)(.
M3M>#],_&=_ARFVEQ(:M_ET6[.ITE,U:(1=95[;5\^(?H_0E)7BXK;?ZS![O7
M2V<L[W0KZ_XP+*C+QGYFCWT<)@<2YX4#7G_ ,W9;1<;*CUF;G9TH^< 4[88T
M6AA7S6D85S:4E)M6X6F)<^W9C5@BQ"V[;&R"$:F3HQ:"Z?%1W@OY8(5X+PAQ
M/?:;;-J59I^:0A2[ HY@T6B6-YCUP7M5XC^[:LY\ES//\8)7Y/FCF[Z1YW_'
MS6NQEJHMFR7[[_FM;A5 \;_G_+72@N>E4:$<ZW66B],9*D$+=2]F9S__Y$;.
M^U=L#49;@]>DOS4E;Q.2-07[1<BERM:K,F?G*-RI8/:,,O9U)=B%K-=9LV&K
M3+-VI81 !5+HLMM*,&T/Z6.DO6M:E#YGO\IB27$EA=<BJ]@GW6:MF.](0\4)
M!8&2_?Q3XGG.^VNA(=1<N.^9T258+NO;LK&VR(6Y->@QX@=5@QE6Q[BEO\W*
M)J^Z0EB98#%E).I!9&\3Z7;C]YK5PWEE;-)'^JYD&>*EC5(E*KA38)V7507^
MLH12MJ7H#7ABUE_5+Q\:B%_)5E2:LVN9W]G@X.++U0V"TN1"$Q<*Q=:*Y)%J
M3@\*"68HNQK$T(!)23N'_$JJK)"]/VRIX&#!@/E&FTS:^&[M(B^?!($M9;68
M[+&.3M([.@OK84LA[D'S:RL+U%MI",)F83?W^<MZ2YX)0J\6"*B[9A+;_7U[
M8.0LJ]J5[)8KZ&D%$%\1T$B+[G**W1!YB7\*^^4":&1%J4$(>5MML*0[Y X"
M7'1Y.SBB[DL(Z''P9U<J,=G;;M;"R-Y&GRTDN'O.SC7I7G%2J[>F$JSZW21]
MG2&\HMH\K15R4;,2?T.4$1YT&\TZ34"S9 81GSY<?OUXS@[0C4H"4;8]T0@Z
M=2^:3K"*8C FS"858L0C.KPF**VK;KN!_&PWB.4]LC< 6M8(GV*5U!1OA .L
M86+Z#"9Z>4N"4W^& 7$Z0](0+0.,'LB;P^=]?^HW 8@"1S4 W&NDCAX_E.UJ
M$OT1)80#U4"-&FE?+B:>#V)[F.2K4DP?%R(OS?!19W=0>'!AGG]Z%'E'HP3[
MUV(!6*A#$X1UI]926R"(^ZSJK(S! P@U!(LBGK/+5M0:<3?\@!@J6>\EDR"B
MRV530D?6F))8H_8;&P74#R#<(@,#YV9:$SW@"A@@DJ+H3I4^5:!1*U7!&MFR
M6V&C"9EX#O&EEE7/#XH9 J3BHE@:QUO)Z8'NT$++MD/*H88;K%F,V'6^RIJE
MJ?H\TRMCI5D0LA AXPO$F'*<6&U 9()68*)AIL,VK36,TI3EN84).7L!NV55
M%H:;/X\R;@89FLPO$:8\:Z4RV7DV/@:A)0PK /I=,"+95?D-F7T:0=@SR329
MMB-PA^:-]P3?JI+YB#[9*>(5X&]2Y>"-L9<]5=F#WO@Q;MJK\?')7I';DAR?
M?Z_&YV-3>\V08<^>'<.#/3/F.WSQFNSIOCWYTX<ON/HF]@%15]66^'H^'!JX
M1;]-FYU(<HE:)\YF64&=EP9)4QBC>^>HQI[GJ< Z#>^0Y1XN.T#A1 1BW1K6
M7J&/#CBW[>V6WILL( GX2!SYN ;F<W1'IM<@*5"$D9[EJ]$+4FUZ7X9TFL$*
M[ 1*T[DJ;VTQ?<&LP3S.;NP+&7EV,V&<\ZVZJUZ=M6,A$8T'@WEC8E^AFMV)
MS:2ZRLE(>;MYIF5S]H"9%.U:VP!ATZ2%[E;7M+(,W3U71P<F<K+3V*$/C]E_
M1*:8H%<2AA>*S?A"0?]\^N>Q+UM,;:=9]@YA"8. ^['3KQV>.I%9>Z[/73<8
MP>W[$:YCYF./G_I0XG$G==A7V2((=H;;@:['D\3A01*;E<N]-"457L@])]C!
M=,!CW$FX$X4L=I)>Y%36.R,CY&[J]NN4^U%@C8;$%*]F-R]U_!V'71X'/O=#
MUZ[=A*>!70=. %GQUF$$P('-OI=PUXN8ET3<#_Q=A_?+$5$)(QZ$#JV"&$[%
M$!ZE#D\0Y:G;*0\17]?AD1\R\L'M9;\XNQA_$26>]KX[88S8><;^*(UXG+CL
M%T,%+U  =D;<2T)\)H$]Y\71]YG2=CK:[H0^"7%"&_S$><IK.^%.'!@9DR*\
M^O#0X"QQ7>Y&VT![B+.;,.#)PUUD,P[B(;X)+@EEB1_PQ(_Q&2%0N_!!ZN*0
M'2";7G+(#GR>>O'AF*9=SB4[(AY&)@ ^$.ZD9N7Q-(FMU'Z(7XG*CGTVCFH:
M$YR D"#! GGUG)@6R$KB0P2]P:"3CBRZ'1=8UK9@I<ZR YCLCZP<D(0Y\[+)
MYW3W6<N/30F_70Z2XZ/Z;)HB(-A8ZP.0*3CA%5D-S)=-JT!^E!PS6PKJ4FX(
M! .O2$ 8@E5X@#Q,!'D!D!6CQJE.'1 $M/I(V962]W:^7)@HFLUM]@@B2Q.>
MN!%+$B,+'PE(Z]+NN!783J3[XFD_(&R$S(]]5%+, A2#&[GLHP!3YWT"#(G6
M-!5_LS< =QZ OR@HH>,";Q[XS 4:T3D/J(\>4O7@=0ES+O)@)JE'82?/_DW)
MC'*V) [<0Q1RY/OX[P#>!V"7-/4.V<4X%2)Z96T&MT56*D9D+VQ[-5U'F*G7
MCJ761$I2"']20#ZB2'NHLLN]X67/$CA$F@]04'$0F%( P1VRSP@D&A[+.X4W
MN7PS3@DFN?V4B9MX8P87NP%15^H0;T>)!\46 0,)66T(-*Q+@0I4+QH,\,7=
MQ/^ALJ,8?NS4,%UNGF]G'M\9-)%BB2;^C3+3CS\+]L[WYAZK2V"7$$,O''8X
ML%28V>\=MFR(4Q\@Z$XTJBR6&&@FWR%-ORJ:M$\3]DHVR[]7&(4&6/#^-6?W
MQ:1L,#)U_7R.8P5]+T3O'@#P>!#CP'*K58FE@:TRTXP=0=[6\:<V/NG^O\]O
M#"-P'[P5!ZE=1]3//-OLT>.H\UXV_=N/I-=)RDN &@VP*_1LGKTT-OW[QWKT
M:.RO3P,X,7FT-@D3,$K8KP'F<,]"P-T%HQ'CH(- IV=ZB;5N+TN0A%DC0?]/
M?+OVT6W0_\A3&OED4VW,:]1]670F@5-M9D[$ 'E0S@&5?IPE?)'%AT2>_>AJ
MN*J69C3%5.TZ?WOIV[!I !^0\ L,AD4V[S\'><)V(J [FL";$(5;[CP>;_7M
M9I X?&OQ0D4%1@3%G--TN1;FIP/Z@N;SZP=1BHW\?IQVK?^K\9B;[+X]*S\2
M_GV$?#\)+L9E?Y[LI@$S2!#-G6DB]F5GYE7O31EX[OOUH\G/'[502_,CC[;^
MVU]"QKOC[TCG]N>3[7;[(]1OF<+H!?_% D>=>1S.F+(_[-B+5J[-CRFWLFUE
M;98KD:%#T08\7T@0:7]!"L9?U\[^#U!+ P04    "  R@3I94@A)&#,%  #_
M#   &0   'AL+W=O<FMS:&5E=',O<VAE970R,"YX;6R-5]MNVS@0_15"S18M
M(,B2?$]M T[28KM L4&,=A\6^T!+M,4M1:HD%=O[]3M#72R[=IJ'Q!(]/)QS
MYL+Q;*?T=Y,Q9LD^%]+,O<S:XK;7,TG&<FH"53 )WVR4SJF%5[WMF4(SFKI-
MN>C%83CJY91+;S%S:X]Z,5.E%5RR1TU,F>=4'^Z84+NY%WG-PA/?9A87>HM9
M0;=LQ>S7XE'#6Z]%27G.I.%*$LTV<V\9W=X-T-X9?.-L9SK/!)FLE?J.+Y_3
MN1>B0TRPQ"("A8]G=L^$0"!PXT>-Z;5'XL;N<X/^R7$'+FMJV+T2?_'49G-O
MXI&4;6@I[)/:_<YJ/D/$2Y0P[C_95;:#H4>2TEB5UYO!@YS+ZI/N:QTZ&R;A
ME0UQO2%V?E<'.2\?J*6+F58[HM$:T/#!476[P3DN,2@KJ^%;#OOL8F55\IT\
ML:+420;LR*.@<M:S (T&O:2&N:M@XBLP44R^*&DS0S[*E*6G #WPJ74L;AR[
MBU]$_*,4 >E'/HG#>/ "7K\EVG=X_2MXC_0 N60-@43N\E4;\O%'R>V!_+U<
M&ZLA3?ZYQ+]"'UQ&Q]*Y-05-V-R#VC!,/S-O\?9-- H_O.#[H/5]\!+ZZX/T
M"YB,:G8"H]56TYS\*<D7"FMDBG*'(Y_8C)%[E1=4'MZ^F<31^(,A=XKJ%/5Z
MX!IJ2FE#:%%H]<Q20HEQX/H(7E3@/J&ES93F_W&Y[>(2J[KF98$+?3\,0_PC
MWR@7Q'EL G00\N% HI%S<.*3!Y:P?,TT&>!*-"14IC6)L<N9_JM)<)E .S/
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M=0YC*L(W4V><$\)T(;452):2'<19>XO8\CEY^%P.BZN*D#X\OG<-(=7+5)3
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M)M  O%\8X^L;6J#YQ/[P7U!+ P04    "  R@3I9@/1Z_V$$   B"@  &0
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M"K4(:O+.B'#Q>39#-+YP-+YXQ/2"?]VTFS3Y7*(9P%U17:Y1X_51_4\LY_C
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MRC:[(C,,U0JUUCEGRQQP7#OH/;?DM)U-=5K3Q%6XJEO->"%  .?/LXVQWE=
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MA6HV"0)%HL_&-7.#4+.L))7-(Y@21GZ0 JT]@W'-]?$NG!<@L9/@+M[0IJD
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M705^E\OF^_&KT/$B;K8>VA$MY8(+0]>3B4\K+@ L8#MYPNU1#O"RFVU7+CG
MER13X6+O&_SF%B&61 4X E>[KOQ6@P,>C.,L25D.G.CYR1@\\@0"GC)L)71E
M8]OPV;68YR^D@04Y\#?LQ?^IEIN 1/E>+1K%'6L'3PKJ;.&8AKT*A>-"<OE4
M,+1+!S*V5-%'3M#9?*E4!0'#&OP+;*P&BT_8&7U9JNU1HR"Y&#N)2^&Y4!6"
MT%&EV_J7MHFZDCX3_)!@Q*Q)@EX976Q"2GF^H?V8V3P0Z?;(@! -RUK)JN,+
M7' ::BLWA(IUEX@2J<_+#INJ?8L#L4"/=L>J7\';!+V].RT'" 'EGNJ>';:;
MP/F$-H][O9NK[W/'>Q@]=FZEENM3TOM6ZZ&;NVP'O*+T.XJZUU$)_8,4+JA0
M0KU"#--#%C?,9K;8SE>7S9/G!Y/):')H12Q-GA^/SIW X7+/)Q>C2_=)T*3]
M5/<[#<+.<D-W"'7VRC. S5_W$NO#Z(X@;K'MZ1T0US( 2Z*@R.B&_)M)$A^@
MQ\0M5E^^YTS<(G# _0&'A,K)V6@2(!(0.XXQ>7 R.@Y0':(E927S%^$CR%!>
MIF'^XQ/'J<*!WYJKG/KYT^GPY"@& 0I@I=ONS%,[EQY=E!;K:Q1P0[J&$]KA
MG!KZ;M*<QVT=<D%>1MD3>]D68J*@8="P:SU8!ACW2<MR(:"AM #V^%D<2YT#
M2P&M7&\D2I NW1&/GEI72?O*0 ;V!P>OV+L]R)YO?)^J100ED,), #HAW'?(
M&H%SC$&C)OG)W#%K<PMN[]VM5RJKN"90$HFI89'2I-%)ZAE'OMT,#7/+MWH$
M%2#7WR5QHO0A!9NWMA=K%TT%6-.\[7UXE/S#^K"QV^'$*J"_<;V3*J*=O<1'
MUG5.0SB?Y":M]L_9$4"O_#V2J11\X@NNLBJLB"(4V[VD<D4*YQ($=(I1JB/^
MS94KMGI?74@C"9/H4==B54KS*M_**&-!A("H4--":')OKUM.+<:MH6= B$)X
M*QV2Y4#<Q9M??K7N850)I3?Z"MR^V3G.ETDVV%M5\1]YI76V$=MHN3BX!I,0
MN%IA$8XHR:,\?>&W8*&H*?J1L1Z:=H%@L_2*AJ^#76$.3K.S]XK%WK7?QTU,
M6>@<@-IA'0Q^3UP#8/:66:' 1\8BXZI;;9TU(IQP"%]?CAX\3TW#MA FNNZF
MSMB9>?F<+E%N[#U$UNIPE5:.:A7B(["$^MB/(Z^E":^V-[5:\:/.=2VWKN*H
M%Z!TX\-&*AVC)V-7L!U0ZBO.*QNL#I-!B-*"_;!M#R#OFQSL89W DIY8<_8=
MAM/W,D^'^X]_987FVN+2;VS^_<;E(V.Z;E@E6'([W]R$%_LCH^&A,1[E-G<?
MO*S]7Q/PN00<L%@''2-Q*S!L)/-M3F/\X^KJLU,9K@X=S!N1RW\7]8715)KI
M5I;=*%_&#;=D.UQSY\K]+8+^M@P6CL)G#624EGK6VKV]'.V>CEYOO7H@<"-(
MOMG7A*ZLGSVTD<N5FTNEZ5B^.(M;>ZP%K<.&N4&F].WJT^&6\9_50_1701HP
MWIWHTF_GT.&];C&0I]G%-]0,\,Y>MSYT$M^Z.AUN.]TZB=NL%]#'.E@QN0C\
M_0'X#NC:MVRR]S08B_^,]Q%3+F",V0"DN*^_]R[WIL::3IB,>7]U^\;)BAZ
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MC1 Y6P ,6P$J&8$:=G9L"4K"/>+FP9P^EM+M 0?Q6S!+U_*(H!4YH<N";2A
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M/Z#'O[3UFOYHW:QNVWI%/RXA_%8-/@#?SVL(Q^07W,#]&</7_PM02P,$%
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MA+WQ+S]%6?C;'K2##NU@G_6N:'<2+HWEU)M8PC>#52/@FE<(=Q5,-!%7VY<
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MAS1I=7LK;#^L6OJ;V$Q9NM=Y<4$7:=3N .U7BJ):?S@'W=5\_!]02P,$%
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M<B$GN@L-C92;Y\CKP(^](D^/8 2%-8/'2G34:3OT3@F!F9^E]&+)P2"B#>V
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M4H JS@%\W*$$*!ST.AP9B/2R$O"#1$I4>5W0[._AKPU.B2*?'KF351W7\.&
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M6"@B2/2U1[XG(1EG5:'I"X6]IR>;G-@,+,^MH@G%6DK/7I(P-",Q)7:R3&
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M=@#C2EI_:/=)LU)L/O,3,'M.>1ECC'(-&<'H^[FO>-?GK\%8*5GHP (Q5IZ
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M9!&^WFD94OG8(WNZ<D0WP1V@E!7NIIX33]"_ONJ;V377"8@3%,+@!)\.UNL
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M#".!:</1^U@*<\H5/%%1(BOJ;I'(E1L^Y[:F@6K-C$:;1=45SK?T H>XP"U
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MPWT_G"5%<Z#?[T@ -4G=..2 ==1-6N#X%I2@_IX7SQ\[?(7.CO[GN@ZZ1:$
MD?QO7 Q<8',"1HL2XB+V7_9O.+J"8H$39$Q+>-NQJST]81)W"MM/S^VVYI:@
MYJ/X\/YZM<*MR5CYO;H@B;CDU/U!+'O ,:[[E6A4 AH1;!K'>^J&B1-9"1Q)
M<AH$R9"11Z;<SP<::!J-:KNW_^DC[+!H/^1AXH2/84?E@4_3*#VLW,#O$ULL
M&;=8\NUF7#NHHA>#GRS*#+D3#XYY;$_&I&X!V[>%6!8E\B*/=N5).T_NRF+P
M8-M[X(Z)O0?EHP??TY\=P0\*+<DSV[U"E\LPH1R][95<2=3-0O6SK%M).- 1
M1Q&>. /AC#<D > 6&O8IV0E;>>M>/@C;6'"]Z"C47BM0./21U$M&^:6LT<80
M7^31-/3L(X295](EP9 0AU+/(VBY,1K.>VP\:,-N[,[9^PD ,"+&2!#9<V#?
MIURB1&D;#XYO44QP'DZP[T>V?UIN+<8\SW,NG)$4ER$/.3J&ML7>!X!*ZK7[
MS&&(L]-]"QAGQR\IU]T'A,?EW6>8=T*#U@PB74'4>Q[C1J.[3QO=2Z.V[G/"
M4C6-JMQP(U%9;1?@]Y52S?!B#8S?EZ[^ U!+ P04    "  R@3I9HPR&V\0#
M  !;"@  &0   'AL+W=O<FMS:&5E=',O<VAE970S,2YX;6RU5FUOVS@,_BN$
M-PPK8-2O>>N2 $W:X798<47;[3X,]T&QF5BH;7F2W+3__BC9=9+.S88=[HNM
M%_+A0Y&4.-T*>:\R1 V/15ZJF9-I79UYGDHR+)@Z%166M+,6LF":IG+CJ4HB
M2ZU2D7NA[P^]@O'2F4_MVK6<3T6M<U[BM015%P633PO,Q7;F!,[SP@W?9-HL
M>/-IQ39XB_I+=2UIYG4H*2^P5%R4('$]<\Z#L\7 R%N!KQRW:F\,QI.5$/=F
M\BF=.;XAA#DFVB P^CW@$O/< !&-[RVFTYDTBOOC9_2/UG?R9<44+D7^-T]U
M-G/&#J2X9G6N;\3V#VS]L003D2O[A6TKZSN0U$J+HE4F!@4OFS][;,_A5Q3"
M5B&TO!M#EN4%TVP^E6(+TD@3FAE85ZTVD>.E"<JMEK3+24_//S(NX2O+:X0K
M9*J62">N%;R_8ZL<U<G4TV3%R'I)B[AH$,-7$(,0KD2I,P6798KI(8!']#J.
MX3/'17@4\<\Z/X4H<"'TP_@(7M3Y'%F\Z.<^7W"5Y,*XK>#;^4II26GR3Y_3
M#63<#VE*YTQ5+,&90[6A4#Z@,W_W)ACZ'XX0CCO"\3'T^6U3,?#7&I9,97#Y
MO>8/++>!:J.6PKF&G6-]'ARUT>\!7"K-*?4)OC]1@"D0:Z (/741@@M4B>25
MK;H[H5D.G_$!<PC:?]C^(SA7"K4Z,PF#3W#%Y#U=0V]A/!EVWW=OQF$0?M@;
M+451H$PXX5ZS"B5MA6[L!P?"+U>6*#5?\X1\L8POL!**&V.!'[B3\>1 ^\>U
M3Z5&.A8--X0 MUM6*6LEBJ,7=@]7/G.VXCG7',G-)=4%+S?FW&BH>(J2V5,R
M%F.7+M)>AW>[OQ&.Z+^'(QCY[G@4'HS^_[#$L1L-!X?'\,-:?UB"D1N&+R+Z
M<NE7 S.*W.C5N+2;1TI\T)7XX&B)[^+I[E/;E3>1N<&DEI)XPH(IKESX4HJ5
MJ51S5=-15+4V,J),2+OA_\U>XW"'CQH6N4CN>^^VH]3Z;X:[#"')&)V9 EZ^
M?H!I;0EK$G]")A6@>11>7!BL3)M4W5(P30ZO14[= KU"!*TS42N24"='XK1@
M.2L3[,E_DZRQ23N?TO+)%LG[8.Q.HN$)+*T#AC]VA;4V@7BPA15/W'$T? 7;
M\FWCOP,>N?Y@]'/@D3L9C(Z0CO=JOB^YO+T'GXIN8]L:!8FH2]V\_=UJUSF=
M-PW#3KQINZC*-[Q4D..:5/W3$26#;%J99J)%9=N'E=#4C-AA1MT?2B- ^VLA
M]//$&.CZR?F_4$L#!!0    ( #*!.EERNU[]N <  +84   9    >&PO=V]R
M:W-H965T<R]S:&5E=#,R+GAM;+58:V_C-A;]*X0[6]B UA:I=R8)X&0ZV%FT
MG6"2Z6)1[ =:IF/NR*)7I//87[_G4K)L9QQW6G2_6+1$WGONZ]PKG3^:YHM=
M*N78TZJJ[<5@Z=SZ;#*QY5*MI!V;M:KQ9&&:E73XV]Q/[+I1<NX/K:J)",-T
MLI*Z'ER>^WLWS>6YV;A*U^JF87:S6LGF^4I5YO%BP ?;&Y_T_=+1C<GE^5K>
MJUOE/J]O&OR;]%+F>J5JJTW-&K6X&$SYV55!^_V&7[1ZM'MK1I;,C/E"?S[,
M+P8A 5*5*AU)D+@\J&M5520(,/[3R1ST*NG@_GHK_;VW';;,I%77IOJ'GKOE
MQ2 ?L+E:R$WE/IG'OZG.GH3DE::R_I<]=GO# 2LWUIE5=Q@(5KINK_*I\\.W
M'!#= >%QMXH\RG?2R<OSQCRRAG9#&BV\J?XTP.F:@G+K&CS5..<N/]2E62EV
M)Y^49<,[.:N4'9U/'$33ADG9B;EJQ8A7Q'#!?C*U6UKV0SU7\T,!$V#J@8DM
ML"MQ4N+?-]6813Q@(A3Q"7E1;VCDY46_:2A[IVU9&;MI%/MU.K.N06K\ZYC-
MK<3XN$0JES.[EJ6Z&* >K&H>U.#R^^]X&KX]@3?N\<:GI%_>HOSFFTHQLV =
M]IE"$2JVLR1@[["R3I=,UG.&-$42UNQ7'T9VIYX<NZI,^>6H<2?5'S?N\_AV
M[#4M.DT LC:UJITEF/H YKHQ#]K7+OYNGSF?9Q*/I<7]"IR M-,U<TNSL1!M
M1V?LGTHV;1XQ9,%SGP7T$]&/8![)&R9$$L1A3BN>!47&L8KR+,A$T7N#\R)(
M\XSQ) F2.&5I$<21>.'3 WB0$2=!6"2TRJ(@X1E6<9(%/.7L1&R3/K;)R=A>
M[]SV<<'>J85J&AA+N?FCEC-=::>!8PI/3ZU5SAZ+WTD5Q^-W"W_HA2YE[5Z$
MSBT5(U2R?O[^NQS.?&N)VUI<\ JK]G!1!DB/Z[<B>21\O;4[E^\+/V/O]9/J
MY2.P81CP(O,AYD&!H'RHG:SO-:5XMPLE%X2A8#R.D Z"?5RK1CI=W[-*@;%9
M0]1,9FYL?R;E01:%B&I0\(A]A ,:QO,@RX!3!)PG[,XX6;$X#H,LC%@L(%LD
M1_&W(L_8-=QG:CAT5NE[Z;L.1.:0CTL:<7;K4(U_I2XR]P% <VNW%= 8XC?*
M0MCW@)I&XW/0P6YDXVK5V*5>6T99B4P.D<'A#LF!) J.\=;(LFPV>#Q3M5IH
M<A,/HJB@2U@4"'=-+B(U6%H]]SZ#!-242#A!ALWL9PP&9N=/8RTK9=,\HVP>
M93.W>PK)%24 D2Z!B.04D2!/XZ\"LI]-:1PD"0*1!T72!2)@-;0"1UX()O @
MS[MH\!S9$,4^XEF2LU]DM>GLI@R4=:D\W<R_CA+U-PX*2*(1&X(20EQ?#V8+
M 2GS<$0#)\PY7)3P +3B?71$8V_F,V5OE@8<S$4K$0C$^021I#V1I">)Y$I6
M'M"MG]]NV\&*4!]PRK2K501JGUZ^K4V<!'"<9NY )H?T<CP<C2H-".F__KZG
M(*1L2T*4*I25IM)SZ;#AP-(_BW=\J(GD@[2(_#5/LY,,]8SH%:CHI(UGE/WY
ML<_ZV&>_HXG<]-UV>-76^X@Z(-N?[XZ%]Z2./])%_J]M_WH#-]<.34(17574
MEF,008$%!H XHRBF I- #*Y%XA!7$KND?A./@B+*^\D "F(,KB!XC@XOP([H
M'2W/E*TBEN.@X,1145RP(@\$C_L$V<' +K <.@1Q_3!%2PE''8!AG/(1@^P,
M;!@4:=JK3X(,]#8$A0CL'L9!'*>C3G^?45SX043$09@FQ%M1@<TWKSOY#:',
M>8I%#@8'7+_(X<<329?W29>?3+I/*-FZ1%ZWE(C$^V&Q4/[-:B_5V">RG,:7
MW5-_ZWUC5EWCV5")=WW!U,=2\S22J:>//2Q=_NV5X&$JECNU9JNV)47//"NS
MZ?)Y0WPS>V9RO:X\$='SS[6FVSZF2.$N[A9_-\Z <_?4-F2I,R_&X8,@:;M7
M"-^4^5/7SKQ;S2_U"3X.V5]>7-H,W&WMF]I62C<:,#$NZ-18X#<:Y_B]7F+&
MHK-L ]IMG*1B)9\:JUO/A6..?4,^3D;M58R\RE<FG' <X7$XSFAS-$YI\[82
MUKL9AUZQR3OS?V^Z&8B/8VSU4ZEX>[#Z&>%'4!NXD<*D:Z= 4H[Z_#CL0(7[
MX+;ZVB  A#=7>%QD3#L%MDB'X;@8^2<)?G=YO/-X[L^+R)O$"X)YHL**OL**
MWUEAG^N]1DG5U1'\43X_*?PXG[]623-UK^N:/$M%HNJY7[9U0K/T/BSR2C]G
MHJV:4ONV_:C=\K4,"IAZ*JM-*W9WY."U8R>3WCFZ@78;:'\3&28KFF<"IA>^
M9M&9,-<$AT7V1[I--W,$>YZ W<]T\ W#Z)?F8==N0FI :1;D2<:F\WE7(<0Z
MAS6#X^M&XS8)L=2<<C0$&LCQ9H$+SPKVHUQ;_];?DHM?5GJE7<=80^Q+DAP=
M ^\I(HFQX#1>9*,=8$4S^0YJZ"?HKS$?2]?)WK>DE6KN_1<SS/P4]O:S4G^W
M_R@W;;]%[;:W7_1^D@W\9C'S+W 4I8]7UJ;]2M;^<6;MOTS-C'-FY9=+)4%-
MM '/%\:X[1]2T'^JO/P?4$L#!!0    ( #*!.EE,O=C\&@<  /H0   9
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M2K3=J$:44!8S!#ESZ_BM*<P&Q%JH' KMZB8'V2I]J0M#LVM#P!H^4RO1C=K
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M<[S.Y(P]O"=U0+[VE[!,E/^#A]K6&8%D+23+Z\9J!#DMJK_XL19BJP$,GFF
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MD]G8.I@]4Q9N0@VMH?ZQ(GJA50GC>MLZ9O/CM5"%+ 213W7K&>LV[,6&_"!
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M;S$P64^6VM"BM+UV+C0^2;O,<!B#- YXOA!";PQS03O>HS]02P,$%     @
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M]\++POQ/J)YOPZ3B II"#T[YL(- $8[/5]E-&O\7Y-]MN'2-"L3FR0-Z,2(
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M#!J8;1(Y9(R!>>,1;$@)&-968%"*V HW8B_;>P4787VO(&_O%72%D0R@YAQ
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M<)IR$NO'WPUTU+;)$P]?O] 7U>#98%9AB>](^BV)Z?9FY(Y0C-?A/J4/Y#G
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MZ,GAMG*X_WT2.5$194OG*@()\R!AOBN91F:6(UHB"9PY7).A)V*@J=FN2 R
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MU-S1&.= Z$KYHW8\@:5)074.E"90-#W'3N=,:)WCMGPA#7-.$SH>"$KC4)I
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M$6TDS$'"7!!,4.9XK\SQ"<J\XQLO]E(>/!^*]/?8"Q.OF #/E':]6!23A5Y
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M J7I4)H!I9E0F@6ES: T&TISH#0711,%5AE3J-R9\H];/Y?GVUG-4 \,E&9
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M0/;Y0Q2E+V_R $]1_+TXS:O_ U!+ P04    "  R@3I9T+W(AFL,  #8B
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MY&BAL9]8:OO)QVS#9<>[^1\?V>J&Y9TF*C6C;S0+I3E0F@NE>5":#Z7-H+0
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M7G3.Q4"R-.\EUTRJSC0_C "'P'6 NKYA3+X,] VJ_R_F_P-02P,$%     @
M,H$Z6>)0G.].!   E!   !D   !X;"]W;W)K<VAE971S+W-H965T-#@N>&UL
MM9AM;]LV$,>_"J$50P*DD:AG9;:!.&Z[%@UFQ&OW8M@+1J)MHI*HDE2<?ON1
ME*(X,L-D1O<BMBC=_76_.Y(^9K*C[!O?8BS ?576?.ILA6@N7)?G6UPA?DX;
M7,LG:\HJ).20;5S>,(P*[525KN]YL5LA4CNSB;ZW9+,);45):KQD@+=5A=B/
M.2[I;NI Y^'&#=ELA;KASB8-VN 5%E^:)9,C=U I2(5K3F@-&%Y/G4MXL8"A
M<M 67PG>\;UKH%!N*?VF!A^+J>.IB'")<Z$DD/RZPU>X+)62C.-[+^H,[U2.
M^]</ZN\UO(2Y11Q?T?(O4HCMU$D=4. U:DMQ0W>_XQXH4GHY+;G^!+O>UG-
MWG)!J]Y91E"1NOM&]WTB]AQ@_(R#WSOX8X?P&8>@=PA>ZQ#V#CK5;H>B\[!
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M;ZNVZ^2*%SJ17FJ?Z:W\U8J29+R9&2VC()";^!C__VB]X&/O!>W-U](V <Y
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MJ#YH[9JISWWO,%LD>0%2,A=-6F>^&,VL/DJM;SA=58>+3Y1SFE672X)CPLH
M\?F<4OYR4WY!>Z ]_0]02P,$%     @ ,H$Z680/6C_^ P  SA   !D   !X
M;"]W;W)K<VAE971S+W-H965T-3$N>&ULO5A1D]HV$/XK&C?3N9M)SI:-;7P%
M9H!KVF1R,S='KGGH]$'@!=S($I'D(_WWE6QC,!CC:V[Z I:\^^G[I-4NRV#+
MQ5>Y!E#H>TJ9'%IKI3:WMBT7:TB)O.$;8/K-DHN4*#T4*UMN!) X=TJI[3I.
M8*<D8=9HD,\]B-& 9XHF#!X$DEF:$O'/!"C?#BUL[28>D]5:F0E[--B0%<Q
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M"[D_#>]OM%A7!\J9T' \K2Y7E,RI- !XOQ!"O]R8,VKS/XG)OU!+ P04
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M*B1)1#O5&X:@8P@N8I"**; 1-.%!/S<O"+P!P5@5CC!3BY6?^+$=(.P PHL
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M<!V@]A>,R>U$)VC_T21_ 5!+ P04    "  R@3I9,>(9UH<"  #C!@  &0
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MO*\PEW!$%(?(D@E3PG!&$!!1P@K=D[Y9QTS,STQ7W9QTU<Y)5X71%5Q$W;G
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M=V]R:W-H965T<R]S:&5E=#8T+GAM;,6:74_C.!2&_XK5':UF)(;&=K[*EDJ
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MY%J:WCRF+SS>)W=QJYCS.$P>=P1[A$H!\?LFCOGI17X@O_^=_0-02P,$%
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M^V-=R)5_ND?C!5>Y8,V[AX Q A@?#9"=S#F 3!#(Y("0BP 1_L&RV9K-*F$
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MI<06ZF""=^Z3WG *[BK!+)016ZB#.3?"AAFTZ4H/>@^3C RS4$9L(73ID)U
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MYW/S]?*7Y??.R4VXX%S?5I2GOU!+ P04    "  R@3I9X<M&R/T!   ]*0
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M4&0U*+(:%%D-BJQS%%GG_RGKO7.;/XX?GV5GF_XMGXW_FCQ_ 5!+ 0(4 Q0
M   ( #*!.ED'04UB@0   +$    0              "  0    !D;V-0<F]P
M<R]A<' N>&UL4$L! A0#%     @ ,H$Z6;+,>SSO    *P(  !$
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M970R+GAM;%!+ 0(4 Q0    ( #*!.EDIU >V/0@  .8C   8
M  " @8<7  !X;"]W;W)K<VAE971S+W-H965T,RYX;6Q02P$"% ,4    "  R
M@3I9$G)Z@ (#   '"@  &               @('Z'P  >&PO=V]R:W-H965T
M<R]S:&5E=#0N>&UL4$L! A0#%     @ ,H$Z6:/$#^VS!P  T2(  !@
M         ("!,B,  'AL+W=O<FMS:&5E=',O<VAE970U+GAM;%!+ 0(4 Q0
M   ( #*!.EE T9W:60,  -4)   8              " @1LK  !X;"]W;W)K
M<VAE971S+W-H965T-BYX;6Q02P$"% ,4    "  R@3I9S!SYB6@,   P=P
M&               @(&J+@  >&PO=V]R:W-H965T<R]S:&5E=#<N>&UL4$L!
M A0#%     @ ,H$Z61]&M"X%"P  S3\  !@              ("!2#L  'AL
M+W=O<FMS:&5E=',O<VAE970X+GAM;%!+ 0(4 Q0    ( #*!.EF/XY/0MQL
M "M4   8              " @8-&  !X;"]W;W)K<VAE971S+W-H965T.2YX
M;6Q02P$"% ,4    "  R@3I9Q&XI2HP/   %+0  &0              @(%P
M8@  >&PO=V]R:W-H965T<R]S:&5E=#$P+GAM;%!+ 0(4 Q0    ( #*!.EGM
M8>;H8 P  %HG   9              " @3-R  !X;"]W;W)K<VAE971S+W-H
M965T,3$N>&UL4$L! A0#%     @ ,H$Z60@J9]N$!P  VA,  !D
M     ("!RGX  'AL+W=O<FMS:&5E=',O<VAE970Q,BYX;6Q02P$"% ,4
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M+GAM;%!+ 0(4 Q0    ( #*!.EDKX"\5"0T  (<D   9              "
M@43*  !X;"]W;W)K<VAE971S+W-H965T,3<N>&UL4$L! A0#%     @ ,H$Z
M654C F'$$   E3   !D              ("!A-<  'AL+W=O<FMS:&5E=',O
M<VAE970Q."YX;6Q02P$"% ,4    "  R@3I9=R^K.*@*  !I&P  &0
M        @(%_Z   >&PO=V]R:W-H965T<R]S:&5E=#$Y+GAM;%!+ 0(4 Q0
M   ( #*!.EE2"$D8,P4  /\,   9              " @5[S  !X;"]W;W)K
M<VAE971S+W-H965T,C N>&UL4$L! A0#%     @ ,H$Z62FJX&2%"@  ;A\
M !D              ("!R/@  'AL+W=O<FMS:&5E=',O<VAE970R,2YX;6Q0
M2P$"% ,4    "  R@3I9@/1Z_V$$   B"@  &0              @(&$ P$
M>&PO=V]R:W-H965T<R]S:&5E=#(R+GAM;%!+ 0(4 Q0    ( #*!.EE<>FD+
MQB$  -)P   9              " @1P( 0!X;"]W;W)K<VAE971S+W-H965T
M,C,N>&UL4$L! A0#%     @ ,H$Z6=A+GV+B!   I@L  !D
M ("!&2H! 'AL+W=O<FMS:&5E=',O<VAE970R-"YX;6Q02P$"% ,4    "  R
M@3I9:_]H+P\$  "9"   &0              @($R+P$ >&PO=V]R:W-H965T
M<R]S:&5E=#(U+GAM;%!+ 0(4 Q0    ( #*!.EE:R#Z5! 8  -$/   9
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M970S,"YX;6Q02P$"% ,4    "  R@3I9HPR&V\0#  !;"@  &0
M    @($R;0$ >&PO=V]R:W-H965T<R]S:&5E=#,Q+GAM;%!+ 0(4 Q0    (
M #*!.EERNU[]N <  +84   9              " @2UQ 0!X;"]W;W)K<VAE
M971S+W-H965T,S(N>&UL4$L! A0#%     @ ,H$Z64R]V/P:!P  ^A   !D
M             ("!''D! 'AL+W=O<FMS:&5E=',O<VAE970S,RYX;6Q02P$"
M% ,4    "  R@3I9<.\6)T$%  "B#@  &0              @(%M@ $ >&PO
M=V]R:W-H965T<R]S:&5E=#,T+GAM;%!+ 0(4 Q0    ( #*!.EGAS(B#-08
M -@?   9              " @>6% 0!X;"]W;W)K<VAE971S+W-H965T,S4N
M>&UL4$L! A0#%     @ ,H$Z67-J"-IY P   1(  !D              ("!
M48P! 'AL+W=O<FMS:&5E=',O<VAE970S-BYX;6Q02P$"% ,4    "  R@3I9
M/6O\#IH#  #(#0  &0              @($!D $ >&PO=V]R:W-H965T<R]S
M:&5E=#,W+GAM;%!+ 0(4 Q0    ( #*!.EF\M!%;I <  (,W   9
M      " @=*3 0!X;"]W;W)K<VAE971S+W-H965T,S@N>&UL4$L! A0#%
M  @ ,H$Z62$#TW+B @  ,0@  !D              ("!K9L! 'AL+W=O<FMS
M:&5E=',O<VAE970S.2YX;6Q02P$"% ,4    "  R@3I9MYD*4J$"  #J!P
M&0              @('&G@$ >&PO=V]R:W-H965T<R]S:&5E=#0P+GAM;%!+
M 0(4 Q0    ( #*!.EGS]=64IQ,  #9A   9              " @9ZA 0!X
M;"]W;W)K<VAE971S+W-H965T-#$N>&UL4$L! A0#%     @ ,H$Z6?#-MV'V
M!@  ;S,  !D              ("!?+4! 'AL+W=O<FMS:&5E=',O<VAE970T
M,BYX;6Q02P$"% ,4    "  R@3I9:4%SL>09  !),@$ &0
M@(&IO $ >&PO=V]R:W-H965T<R]S:&5E=#0S+GAM;%!+ 0(4 Q0    ( #*!
M.EF)/FEW!00  -T/   9              " @<36 0!X;"]W;W)K<VAE971S
M+W-H965T-#0N>&UL4$L! A0#%     @ ,H$Z60KO>XEL"P  0HH  !D
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M=#0Y+GAM;%!+ 0(4 Q0    ( #*!.EF4F@/CO 4  -P>   9
M  " @6[_ 0!X;"]W;W)K<VAE971S+W-H965T-3 N>&UL4$L! A0#%     @
M,H$Z680/6C_^ P  SA   !D              ("!804" 'AL+W=O<FMS:&5E
M=',O<VAE970U,2YX;6Q02P$"% ,4    "  R@3I9D>%WOB<#  #]"   &0
M            @(&6"0( >&PO=V]R:W-H965T<R]S:&5E=#4R+GAM;%!+ 0(4
M Q0    ( #*!.EEC7FKV7@(  %X%   9              " @?0, @!X;"]W
M;W)K<VAE971S+W-H965T-3,N>&UL4$L! A0#%     @ ,H$Z660HN$PB"
M8R<  !D              ("!B0\" 'AL+W=O<FMS:&5E=',O<VAE970U-"YX
M;6Q02P$"% ,4    "  R@3I9.H(3]70$  !+$P  &0              @('B
M%P( >&PO=V]R:W-H965T<R]S:&5E=#4U+GAM;%!+ 0(4 Q0    ( #*!.EEB
M,&4-IP0  )\0   9              " @8T< @!X;"]W;W)K<VAE971S+W-H
M965T-38N>&UL4$L! A0#%     @ ,H$Z621]C,[$ P  +PT  !D
M     ("!:R$" 'AL+W=O<FMS:&5E=',O<VAE970U-RYX;6Q02P$"% ,4
M"  R@3I9/*\WN=@#  #J#0  &0              @(%F)0( >&PO=V]R:W-H
M965T<R]S:&5E=#4X+GAM;%!+ 0(4 Q0    ( #*!.EG^0AJ8&0,  .H)   9
M              " @74I @!X;"]W;W)K<VAE971S+W-H965T-3DN>&UL4$L!
M A0#%     @ ,H$Z63H\38+Q @  W0@  !D              ("!Q2P" 'AL
M+W=O<FMS:&5E=',O<VAE970V,"YX;6Q02P$"% ,4    "  R@3I9,>(9UH<"
M  #C!@  &0              @('M+P( >&PO=V]R:W-H965T<R]S:&5E=#8Q
M+GAM;%!+ 0(4 Q0    ( #*!.EE;]L:<EP@  $U,   9              "
M@:LR @!X;"]W;W)K<VAE971S+W-H965T-C(N>&UL4$L! A0#%     @ ,H$Z
M66/=6BL6"   7R@  !D              ("!>3L" 'AL+W=O<FMS:&5E=',O
M<VAE970V,RYX;6Q02P$"% ,4    "  R@3I9/BUD_8T%  !?*   &0
M        @('&0P( >&PO=V]R:W-H965T<R]S:&5E=#8T+GAM;%!+ 0(4 Q0
M   ( #*!.EF;Z7Y"708  ' X   9              " @8I) @!X;"]W;W)K
M<VAE971S+W-H965T-C4N>&UL4$L! A0#%     @ ,H$Z669]^#^ !@  B2H
M !D              ("!'E " 'AL+W=O<FMS:&5E=',O<VAE970V-BYX;6Q0
M2P$"% ,4    "  R@3I91& AD+<#   Q$0  &0              @('55@(
M>&PO=V]R:W-H965T<R]S:&5E=#8W+GAM;%!+ 0(4 Q0    ( #*!.EFP\)VK
MYP4   L>   9              " @<-: @!X;"]W;W)K<VAE971S+W-H965T
M-C@N>&UL4$L! A0#%     @ ,H$Z6;],$,D]!   U14  !D
M ("!X6 " 'AL+W=O<FMS:&5E=',O<VAE970V.2YX;6Q02P$"% ,4    "  R
M@3I9_R'OL3D#  #'"@  &0              @(%590( >&PO=V]R:W-H965T
M<R]S:&5E=#<P+GAM;%!+ 0(4 Q0    ( #*!.EE"I09^C0,  +H-   9
M          " @<5H @!X;"]W;W)K<VAE971S+W-H965T-S$N>&UL4$L! A0#
M%     @ ,H$Z63 4P:=6 P  JA4   T              ( !B6P" 'AL+W-T
M>6QE<RYX;6Q02P$"% ,4    "  R@3I9EXJ[',     3 @  "P
M    @ $*< ( 7W)E;',O+G)E;'-02P$"% ,4    "  R@3I9/ NGP54%  #N
M+@  #P              @ 'S< ( >&PO=V]R:V)O;VLN>&UL4$L! A0#%
M  @ ,H$Z6; % +TV @  '"H  !H              ( !=78" 'AL+U]R96QS
M+W=O<FMB;V]K+GAM;"YR96QS4$L! A0#%     @ ,H$Z6>'+1LC] 0  /2D
M !,              ( !XW@" %M#;VYT96YT7U1Y<&5S72YX;6Q02P4&
/ $\ 3P"@%0  $7L"

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>92
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>93
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>95
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.24.3</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>312</ContextCount>
  <ElementCount>528</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>114</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>7</UnitCount>
  <MyReports>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>0000001 - Document - Document And Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/DocumentAndEntityInformation</Role>
      <ShortName>Document And Entity Information</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R2.htm</HtmlFileName>
      <LongName>0000002 - Document - Organization and Business</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/OrganizationandBusiness</Role>
      <ShortName>Organization and Business</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>2</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R3.htm</HtmlFileName>
      <LongName>0000003 - Statement - Consolidated Balance Sheets</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/ConsolidatedBalanceSheets</Role>
      <ShortName>Consolidated Balance Sheets</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>3</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R4.htm</HtmlFileName>
      <LongName>0000004 - Statement - Consolidated Balance Sheets (Parenthetical)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical</Role>
      <ShortName>Consolidated Balance Sheets (Parenthetical)</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>4</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R5.htm</HtmlFileName>
      <LongName>0000005 - Statement - Consolidated Statements Of Operations</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations</Role>
      <ShortName>Consolidated Statements Of Operations</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>5</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R6.htm</HtmlFileName>
      <LongName>0000006 - Statement - Consolidated Statement of Comprehensive Income</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome</Role>
      <ShortName>Consolidated Statement of Comprehensive Income</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>6</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R7.htm</HtmlFileName>
      <LongName>0000008 - Statement - Consolidated Statements Of Stockholders' Equity</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity</Role>
      <ShortName>Consolidated Statements Of Stockholders' Equity</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>7</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R8.htm</HtmlFileName>
      <LongName>0000009 - Statement - Consolidated Statements Of Cash Flows</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows</Role>
      <ShortName>Consolidated Statements Of Cash Flows</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>8</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R9.htm</HtmlFileName>
      <LongName>0000010 - Disclosure - Summary of Significant Accounting Policies</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SummaryofSignificantAccountingPolicies</Role>
      <ShortName>Summary of Significant Accounting Policies</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>9</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R10.htm</HtmlFileName>
      <LongName>0000011 - Disclosure - Revenues (Notes)</LongName>
      <ReportType>Notes</ReportType>
      <Role>http://www.vailresorts.com/role/RevenuesNotes</Role>
      <ShortName>Revenues (Notes)</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>10</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R11.htm</HtmlFileName>
      <LongName>0000012 - Disclosure - Leases (Notes)</LongName>
      <ReportType>Notes</ReportType>
      <Role>http://www.vailresorts.com/role/LeasesNotes</Role>
      <ShortName>Leases (Notes)</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>11</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R12.htm</HtmlFileName>
      <LongName>0000013 - Disclosure - Net Income Per Common Share</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/NetIncomePerCommonShare</Role>
      <ShortName>Net Income Per Common Share</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>12</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R13.htm</HtmlFileName>
      <LongName>0000014 - Disclosure - Long-Term Debt</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/LongTermDebt</Role>
      <ShortName>Long-Term Debt</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>13</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R14.htm</HtmlFileName>
      <LongName>0000015 - Disclosure - Acquisitions</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/Acquisitions</Role>
      <ShortName>Acquisitions</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>14</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R15.htm</HtmlFileName>
      <LongName>0000016 - Disclosure - Supplementary Balance Sheet Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformation</Role>
      <ShortName>Supplementary Balance Sheet Information</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>15</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R16.htm</HtmlFileName>
      <LongName>0000017 - Disclosure - Fair Value Measurements</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/FairValueMeasurements</Role>
      <ShortName>Fair Value Measurements</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>16</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R17.htm</HtmlFileName>
      <LongName>0000018 - Disclosure - Income Taxes</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/IncomeTaxes</Role>
      <ShortName>Income Taxes</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>17</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R18.htm</HtmlFileName>
      <LongName>0000019 - Disclosure - Commitments and Contingencies</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/CommitmentsandContingencies</Role>
      <ShortName>Commitments and Contingencies</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>18</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R19.htm</HtmlFileName>
      <LongName>0000020 - Disclosure - Segment Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SegmentInformation</Role>
      <ShortName>Segment Information</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>19</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R20.htm</HtmlFileName>
      <LongName>0000021 - Disclosure - Stock Repurchase Plan</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/StockRepurchasePlan</Role>
      <ShortName>Stock Repurchase Plan</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>20</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R21.htm</HtmlFileName>
      <LongName>0000022 - Disclosure - Stock Compensation Plan</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/StockCompensationPlan</Role>
      <ShortName>Stock Compensation Plan</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>21</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R22.htm</HtmlFileName>
      <LongName>0000023 - Disclosure - Retirement and Profit Sharing Plans</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/RetirementandProfitSharingPlans</Role>
      <ShortName>Retirement and Profit Sharing Plans</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>22</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R23.htm</HtmlFileName>
      <LongName>9954471 - Disclosure - Summary of Significant Accounting Policies (Policies)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies</Role>
      <ShortName>Summary of Significant Accounting Policies (Policies)</ShortName>
      <MenuCategory>Policies</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SummaryofSignificantAccountingPolicies</ParentRole>
      <Position>23</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R24.htm</HtmlFileName>
      <LongName>9954472 - Disclosure - Summary of Significant Accounting Policies (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables</Role>
      <ShortName>Summary of Significant Accounting Policies (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SummaryofSignificantAccountingPolicies</ParentRole>
      <Position>24</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R25.htm</HtmlFileName>
      <LongName>9954473 - Disclosure - Revenues (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/RevenuesTables</Role>
      <ShortName>Revenues (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/RevenuesNotes</ParentRole>
      <Position>25</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R26.htm</HtmlFileName>
      <LongName>9954474 - Disclosure - Leases (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/LeasesTables</Role>
      <ShortName>Leases (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/LeasesNotes</ParentRole>
      <Position>26</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R27.htm</HtmlFileName>
      <LongName>9954475 - Disclosure - Net Income Per Common Share (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/NetIncomePerCommonShareTables</Role>
      <ShortName>Net Income Per Common Share (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/NetIncomePerCommonShare</ParentRole>
      <Position>27</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R28.htm</HtmlFileName>
      <LongName>9954476 - Disclosure - Long-Term Debt (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/LongTermDebtTables</Role>
      <ShortName>Long-Term Debt (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/LongTermDebt</ParentRole>
      <Position>28</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R29.htm</HtmlFileName>
      <LongName>9954477 - Disclosure - Acquisitions (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/AcquisitionsTables</Role>
      <ShortName>Acquisitions (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/Acquisitions</ParentRole>
      <Position>29</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R30.htm</HtmlFileName>
      <LongName>9954478 - Disclosure - Supplementary Balance Sheet Information (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables</Role>
      <ShortName>Supplementary Balance Sheet Information (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformation</ParentRole>
      <Position>30</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R31.htm</HtmlFileName>
      <LongName>9954479 - Disclosure - Fair Value Measurements (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/FairValueMeasurementsTables</Role>
      <ShortName>Fair Value Measurements (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/FairValueMeasurements</ParentRole>
      <Position>31</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R32.htm</HtmlFileName>
      <LongName>9954480 - Disclosure - Income Taxes (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/IncomeTaxesTables</Role>
      <ShortName>Income Taxes (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/IncomeTaxes</ParentRole>
      <Position>32</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R33.htm</HtmlFileName>
      <LongName>9954482 - Disclosure - Segment Information (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SegmentInformationTables</Role>
      <ShortName>Segment Information (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SegmentInformation</ParentRole>
      <Position>33</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R34.htm</HtmlFileName>
      <LongName>9954483 - Disclosure - Stock Compensation Plan (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/StockCompensationPlanTables</Role>
      <ShortName>Stock Compensation Plan (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/StockCompensationPlan</ParentRole>
      <Position>34</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R35.htm</HtmlFileName>
      <LongName>9954485 - Disclosure - Summary of Significant Accounting Policies (Narrative) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails</Role>
      <ShortName>Summary of Significant Accounting Policies (Narrative) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables</ParentRole>
      <Position>35</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R36.htm</HtmlFileName>
      <LongName>9954486 - Disclosure - Summary of Significant Accounting Policies (Summary On Estimated Useful Life Of Property, Plant And Equipment) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails</Role>
      <ShortName>Summary of Significant Accounting Policies (Summary On Estimated Useful Life Of Property, Plant And Equipment) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables</ParentRole>
      <Position>36</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R37.htm</HtmlFileName>
      <LongName>9954487 - Disclosure - Summary of Significant Accounting Policies (Allocation Of Stock-Based Compensation Expense) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails</Role>
      <ShortName>Summary of Significant Accounting Policies (Allocation Of Stock-Based Compensation Expense) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables</ParentRole>
      <Position>37</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R38.htm</HtmlFileName>
      <LongName>9954488 - Disclosure - Revenues (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/RevenuesDetails</Role>
      <ShortName>Revenues (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/RevenuesTables</ParentRole>
      <Position>38</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R39.htm</HtmlFileName>
      <LongName>9954489 - Disclosure - Revenues Contract Balances (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/RevenuesContractBalancesDetails</Role>
      <ShortName>Revenues Contract Balances (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>39</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R40.htm</HtmlFileName>
      <LongName>9954490 - Disclosure - Revenues Costs to Obtain Contracts with Customers (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/RevenuesCoststoObtainContractswithCustomersDetails</Role>
      <ShortName>Revenues Costs to Obtain Contracts with Customers (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>40</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R41.htm</HtmlFileName>
      <LongName>9954491 - Disclosure - Leases (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/LeasesDetails</Role>
      <ShortName>Leases (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/LeasesTables</ParentRole>
      <Position>41</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R42.htm</HtmlFileName>
      <LongName>9954492 - Disclosure - Net Income Per Common Share (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/NetIncomePerCommonShareDetails</Role>
      <ShortName>Net Income Per Common Share (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/NetIncomePerCommonShareTables</ParentRole>
      <Position>42</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R43.htm</HtmlFileName>
      <LongName>9954493 - Disclosure - Long-Term Debt (Schedule Of Debt Instruments) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails</Role>
      <ShortName>Long-Term Debt (Schedule Of Debt Instruments) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/LongTermDebtTables</ParentRole>
      <Position>43</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R44.htm</HtmlFileName>
      <LongName>9954494 - Disclosure - Long-Term Debt (Schedule Of Aggregate Maturities For Debt Outstanding) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails</Role>
      <ShortName>Long-Term Debt (Schedule Of Aggregate Maturities For Debt Outstanding) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/LongTermDebtTables</ParentRole>
      <Position>44</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R45.htm</HtmlFileName>
      <LongName>9954495 - Disclosure - Acquisitions (Narrative) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/AcquisitionsNarrativeDetails</Role>
      <ShortName>Acquisitions (Narrative) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/AcquisitionsTables</ParentRole>
      <Position>45</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R46.htm</HtmlFileName>
      <LongName>9954496 - Disclosure - Acquisitions (Summary Of Estimate Of Fair Value Of Identifiable Assets Acquired And Liabilities Assumed) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails</Role>
      <ShortName>Acquisitions (Summary Of Estimate Of Fair Value Of Identifiable Assets Acquired And Liabilities Assumed) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/AcquisitionsTables</ParentRole>
      <Position>46</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R47.htm</HtmlFileName>
      <LongName>9954497 - Disclosure - Supplementary Balance Sheet Information (Narrative) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails</Role>
      <ShortName>Supplementary Balance Sheet Information (Narrative) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables</ParentRole>
      <Position>47</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R48.htm</HtmlFileName>
      <LongName>9954498 - Disclosure - Supplementary Balance Sheet Information (Composition Of Property, Plant And Equipment) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails</Role>
      <ShortName>Supplementary Balance Sheet Information (Composition Of Property, Plant And Equipment) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables</ParentRole>
      <Position>48</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R49.htm</HtmlFileName>
      <LongName>9954499 - Disclosure - Supplementary Balance Sheet Information Composition of Property, Plant and Equipment under Capital Lease (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails</Role>
      <ShortName>Supplementary Balance Sheet Information Composition of Property, Plant and Equipment under Capital Lease (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>49</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R50.htm</HtmlFileName>
      <LongName>9954500 - Disclosure - Supplementary Balance Sheet Information (Composition Of Goodwill And Intangible Assets) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails</Role>
      <ShortName>Supplementary Balance Sheet Information (Composition Of Goodwill And Intangible Assets) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables</ParentRole>
      <Position>50</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R51.htm</HtmlFileName>
      <LongName>9954501 - Disclosure - Supplementary Balance Sheet Information (Changes In Goodwill Amount) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails</Role>
      <ShortName>Supplementary Balance Sheet Information (Changes In Goodwill Amount) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables</ParentRole>
      <Position>51</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R52.htm</HtmlFileName>
      <LongName>9954502 - Disclosure - Supplementary Balance Sheet Information (Components Of Accounts Payable And Accrued Liabilities) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails</Role>
      <ShortName>Supplementary Balance Sheet Information (Components Of Accounts Payable And Accrued Liabilities) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables</ParentRole>
      <Position>52</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R53.htm</HtmlFileName>
      <LongName>9954503 - Disclosure - Supplementary Balance Sheet Information (Components Of Other Long-Term Liabilities) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfOtherLongTermLiabilitiesDetails</Role>
      <ShortName>Supplementary Balance Sheet Information (Components Of Other Long-Term Liabilities) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables</ParentRole>
      <Position>53</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R54.htm</HtmlFileName>
      <LongName>9954504 - Disclosure - Fair Value Measurements (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/FairValueMeasurementsDetails</Role>
      <ShortName>Fair Value Measurements (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/FairValueMeasurementsTables</ParentRole>
      <Position>54</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R55.htm</HtmlFileName>
      <LongName>9954505 - Disclosure - Income Taxes (Narrative) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails</Role>
      <ShortName>Income Taxes (Narrative) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/IncomeTaxesTables</ParentRole>
      <Position>55</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R56.htm</HtmlFileName>
      <LongName>9954506 - Disclosure - Income Taxes (Components Of Deferred Tax Liabilities And Assets) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails</Role>
      <ShortName>Income Taxes (Components Of Deferred Tax Liabilities And Assets) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/IncomeTaxesTables</ParentRole>
      <Position>56</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R57.htm</HtmlFileName>
      <LongName>9954507 - Disclosure - Income Taxes (Components Of Provision (Benefit) For Income Taxes) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails</Role>
      <ShortName>Income Taxes (Components Of Provision (Benefit) For Income Taxes) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/IncomeTaxesTables</ParentRole>
      <Position>57</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R58.htm</HtmlFileName>
      <LongName>9954508 - Disclosure - Income Taxes (Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails</Role>
      <ShortName>Income Taxes (Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/IncomeTaxesTables</ParentRole>
      <Position>58</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R59.htm</HtmlFileName>
      <LongName>9954509 - Disclosure - Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/IncomeTaxesReconciliationOfUnrecognizedTaxBenefitsDetails</Role>
      <ShortName>Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/IncomeTaxesTables</ParentRole>
      <Position>59</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R60.htm</HtmlFileName>
      <LongName>9954510 - Disclosure - Income Taxes Components of Income before Income Taxes (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/IncomeTaxesComponentsofIncomebeforeIncomeTaxesDetails</Role>
      <ShortName>Income Taxes Components of Income before Income Taxes (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>60</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R61.htm</HtmlFileName>
      <LongName>9954511 - Disclosure - Income Taxes Presentation of Net Deferred Tax Liabilities and Assets (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails</Role>
      <ShortName>Income Taxes Presentation of Net Deferred Tax Liabilities and Assets (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>61</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R62.htm</HtmlFileName>
      <LongName>9954512 - Disclosure - Commitments and Contingencies (Narrative) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails</Role>
      <ShortName>Commitments and Contingencies (Narrative) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/CommitmentsandContingencies</ParentRole>
      <Position>62</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R63.htm</HtmlFileName>
      <LongName>9954514 - Disclosure - Segment Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SegmentInformationDetails</Role>
      <ShortName>Segment Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/SegmentInformationTables</ParentRole>
      <Position>63</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R64.htm</HtmlFileName>
      <LongName>9954515 - Disclosure - Segment Information Geographic Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails</Role>
      <ShortName>Segment Information Geographic Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>64</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R65.htm</HtmlFileName>
      <LongName>9954516 - Disclosure - Stock Repurchase Plan (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/StockRepurchasePlanDetails</Role>
      <ShortName>Stock Repurchase Plan (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/StockRepurchasePlan</ParentRole>
      <Position>65</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R66.htm</HtmlFileName>
      <LongName>9954517 - Disclosure - Stock Compensation Plan (Narrative) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails</Role>
      <ShortName>Stock Compensation Plan (Narrative) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/StockCompensationPlanTables</ParentRole>
      <Position>66</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R67.htm</HtmlFileName>
      <LongName>9954518 - Disclosure - Stock Compensation Plan (Schedule Of Share Based Compensation Valuation Model) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails</Role>
      <ShortName>Stock Compensation Plan (Schedule Of Share Based Compensation Valuation Model) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/StockCompensationPlanTables</ParentRole>
      <Position>67</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R68.htm</HtmlFileName>
      <LongName>9954519 - Disclosure - Stock Compensation Plan (Schedule Of Share Based Compensation Option And SARs Award Activity) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails</Role>
      <ShortName>Stock Compensation Plan (Schedule Of Share Based Compensation Option And SARs Award Activity) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/StockCompensationPlanTables</ParentRole>
      <Position>68</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R69.htm</HtmlFileName>
      <LongName>9954520 - Disclosure - Stock Compensation Plan (Schedule of Share Based Compensation SARs Activity) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails</Role>
      <ShortName>Stock Compensation Plan (Schedule of Share Based Compensation SARs Activity) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/StockCompensationPlanTables</ParentRole>
      <Position>69</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R70.htm</HtmlFileName>
      <LongName>9954521 - Disclosure - Stock Compensation Plan (Schedule Of Share Based Compensation Restricted Stock Units Activity) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails</Role>
      <ShortName>Stock Compensation Plan (Schedule Of Share Based Compensation Restricted Stock Units Activity) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/StockCompensationPlanTables</ParentRole>
      <Position>70</Position>
    </Report>
    <Report instance="mtn-20240731.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R71.htm</HtmlFileName>
      <LongName>9954522 - Disclosure - Retirement and Profit Sharing Plans (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails</Role>
      <ShortName>Retirement and Profit Sharing Plans (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.vailresorts.com/role/RetirementandProfitSharingPlans</ParentRole>
      <Position>71</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="10-K" isDefinitelyFs="true" isUsgaap="true" original="mtn-20240731.htm">mtn-20240731.htm</File>
    <File>mtn-20240731.xsd</File>
    <File>mtn-20240731_cal.xml</File>
    <File>mtn-20240731_def.xml</File>
    <File>mtn-20240731_lab.xml</File>
    <File>mtn-20240731_pre.xml</File>
  </InputFiles>
  <SupplementalFiles>
    <File>mtn-20240731_g1.jpg</File>
    <File>mtn-20240731_g2.jpg</File>
    <File>mtn-20240731_g3.jpg</File>
    <File>mtn-20240731_g4.jpg</File>
    <File>mtn-20240731_g5.jpg</File>
  </SupplementalFiles>
  <BaseTaxonomies>
    <BaseTaxonomy items="1115">http://fasb.org/us-gaap/2023</BaseTaxonomy>
    <BaseTaxonomy items="37">http://xbrl.sec.gov/dei/2023</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>true</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>98
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "version": "2.2",
 "instance": {
  "mtn-20240731.htm": {
   "nsprefix": "mtn",
   "nsuri": "http://www.vailresorts.com/20240731",
   "dts": {
    "inline": {
     "local": [
      "mtn-20240731.htm"
     ]
    },
    "schema": {
     "local": [
      "mtn-20240731.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-roles-2023.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-roles-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd",
      "https://xbrl.sec.gov/country/2023/country-2023.xsd",
      "https://xbrl.sec.gov/currency/2023/currency-2023.xsd",
      "https://xbrl.sec.gov/dei/2023/dei-2023.xsd"
     ]
    },
    "calculationLink": {
     "local": [
      "mtn-20240731_cal.xml"
     ]
    },
    "definitionLink": {
     "local": [
      "mtn-20240731_def.xml"
     ]
    },
    "labelLink": {
     "local": [
      "mtn-20240731_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "mtn-20240731_pre.xml"
     ]
    }
   },
   "keyStandard": 418,
   "keyCustom": 110,
   "axisStandard": 19,
   "axisCustom": 2,
   "memberStandard": 30,
   "memberCustom": 66,
   "hidden": {
    "total": 8,
    "http://fasb.org/us-gaap/2023": 4,
    "http://xbrl.sec.gov/dei/2023": 4
   },
   "contextCount": 312,
   "entityCount": 1,
   "segmentCount": 114,
   "elementCount": 756,
   "unitCount": 7,
   "baseTaxonomies": {
    "http://fasb.org/us-gaap/2023": 1115,
    "http://xbrl.sec.gov/dei/2023": 37
   },
   "report": {
    "R1": {
     "role": "http://www.vailresorts.com/role/DocumentAndEntityInformation",
     "longName": "0000001 - Document - Document And Entity Information",
     "shortName": "Document And Entity Information",
     "isDefault": "true",
     "groupType": "document",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "dei:Security12bTitle",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "dei:Security12bTitle",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R2": {
     "role": "http://www.vailresorts.com/role/OrganizationandBusiness",
     "longName": "0000002 - Document - Organization and Business",
     "shortName": "Organization and Business",
     "isDefault": "false",
     "groupType": "document",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "2",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R3": {
     "role": "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
     "longName": "0000003 - Statement - Consolidated Balance Sheets",
     "shortName": "Consolidated Balance Sheets",
     "isDefault": "false",
     "groupType": "statement",
     "subGroupType": "",
     "menuCat": "Statements",
     "order": "3",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R4": {
     "role": "http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical",
     "longName": "0000004 - Statement - Consolidated Balance Sheets (Parenthetical)",
     "shortName": "Consolidated Balance Sheets (Parenthetical)",
     "isDefault": "false",
     "groupType": "statement",
     "subGroupType": "parenthetical",
     "menuCat": "Statements",
     "order": "4",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:PreferredStockParOrStatedValuePerShare",
      "unitRef": "usdPerShare",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "2",
      "ancestors": [
       "span",
       "div",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": null
    },
    "R5": {
     "role": "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
     "longName": "0000005 - Statement - Consolidated Statements Of Operations",
     "shortName": "Consolidated Statements Of Operations",
     "isDefault": "false",
     "groupType": "statement",
     "subGroupType": "",
     "menuCat": "Statements",
     "order": "5",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "mtn:MountainandLodgingservicesandotherrevenue",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "mtn:MountainandLodgingservicesandotherrevenue",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R6": {
     "role": "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome",
     "longName": "0000006 - Statement - Consolidated Statement of Comprehensive Income",
     "shortName": "Consolidated Statement of Comprehensive Income",
     "isDefault": "false",
     "groupType": "statement",
     "subGroupType": "",
     "menuCat": "Statements",
     "order": "6",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ProfitLoss",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R7": {
     "role": "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity",
     "longName": "0000008 - Statement - Consolidated Statements Of Stockholders' Equity",
     "shortName": "Consolidated Statements Of Stockholders' Equity",
     "isDefault": "false",
     "groupType": "statement",
     "subGroupType": "",
     "menuCat": "Statements",
     "order": "7",
     "firstAnchor": {
      "contextRef": "c-15",
      "name": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-15",
      "name": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R8": {
     "role": "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
     "longName": "0000009 - Statement - Consolidated Statements Of Cash Flows",
     "shortName": "Consolidated Statements Of Cash Flows",
     "isDefault": "false",
     "groupType": "statement",
     "subGroupType": "",
     "menuCat": "Statements",
     "order": "8",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ProfitLoss",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ShareBasedCompensation",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R9": {
     "role": "http://www.vailresorts.com/role/SummaryofSignificantAccountingPolicies",
     "longName": "0000010 - Disclosure - Summary of Significant Accounting Policies",
     "shortName": "Summary of Significant Accounting Policies",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "9",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:SignificantAccountingPoliciesTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:SignificantAccountingPoliciesTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R10": {
     "role": "http://www.vailresorts.com/role/RevenuesNotes",
     "longName": "0000011 - Disclosure - Revenues (Notes)",
     "shortName": "Revenues (Notes)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "10",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:RevenueFromContractWithCustomerTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:RevenueFromContractWithCustomerTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R11": {
     "role": "http://www.vailresorts.com/role/LeasesNotes",
     "longName": "0000012 - Disclosure - Leases (Notes)",
     "shortName": "Leases (Notes)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "11",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:CashFlowSupplementalDisclosuresTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": null
    },
    "R12": {
     "role": "http://www.vailresorts.com/role/NetIncomePerCommonShare",
     "longName": "0000013 - Disclosure - Net Income Per Common Share",
     "shortName": "Net Income Per Common Share",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "12",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:EarningsPerShareTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:EarningsPerShareTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R13": {
     "role": "http://www.vailresorts.com/role/LongTermDebt",
     "longName": "0000014 - Disclosure - Long-Term Debt",
     "shortName": "Long-Term Debt",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "13",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:DebtDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:DebtDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R14": {
     "role": "http://www.vailresorts.com/role/Acquisitions",
     "longName": "0000015 - Disclosure - Acquisitions",
     "shortName": "Acquisitions",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "14",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:BusinessCombinationDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:BusinessCombinationDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R15": {
     "role": "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformation",
     "longName": "0000016 - Disclosure - Supplementary Balance Sheet Information",
     "shortName": "Supplementary Balance Sheet Information",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "15",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:SupplementalBalanceSheetDisclosuresTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:SupplementalBalanceSheetDisclosuresTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R16": {
     "role": "http://www.vailresorts.com/role/FairValueMeasurements",
     "longName": "0000017 - Disclosure - Fair Value Measurements",
     "shortName": "Fair Value Measurements",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "16",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:FairValueDisclosuresTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:FairValueDisclosuresTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R17": {
     "role": "http://www.vailresorts.com/role/IncomeTaxes",
     "longName": "0000018 - Disclosure - Income Taxes",
     "shortName": "Income Taxes",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "17",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:IncomeTaxDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:IncomeTaxDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R18": {
     "role": "http://www.vailresorts.com/role/CommitmentsandContingencies",
     "longName": "0000019 - Disclosure - Commitments and Contingencies",
     "shortName": "Commitments and Contingencies",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "18",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R19": {
     "role": "http://www.vailresorts.com/role/SegmentInformation",
     "longName": "0000020 - Disclosure - Segment Information",
     "shortName": "Segment Information",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "19",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:SegmentReportingDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:SegmentReportingDisclosureTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R20": {
     "role": "http://www.vailresorts.com/role/StockRepurchasePlan",
     "longName": "0000021 - Disclosure - Stock Repurchase Plan",
     "shortName": "Stock Repurchase Plan",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "20",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfTreasuryStockByClassTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfTreasuryStockByClassTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R21": {
     "role": "http://www.vailresorts.com/role/StockCompensationPlan",
     "longName": "0000022 - Disclosure - Stock Compensation Plan",
     "shortName": "Stock Compensation Plan",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "21",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R22": {
     "role": "http://www.vailresorts.com/role/RetirementandProfitSharingPlans",
     "longName": "0000023 - Disclosure - Retirement and Profit Sharing Plans",
     "shortName": "Retirement and Profit Sharing Plans",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "22",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "mtn:RetirementAndProfitSharingTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "mtn:RetirementAndProfitSharingTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R23": {
     "role": "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies",
     "longName": "9954471 - Disclosure - Summary of Significant Accounting Policies (Policies)",
     "shortName": "Summary of Significant Accounting Policies (Policies)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "policies",
     "menuCat": "Policies",
     "order": "23",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ConsolidationPolicyTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ConsolidationPolicyTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R24": {
     "role": "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables",
     "longName": "9954472 - Disclosure - Summary of Significant Accounting Policies (Tables)",
     "shortName": "Summary of Significant Accounting Policies (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "24",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "mtn:ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "us-gaap:PropertyPlantAndEquipmentPolicyTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "mtn:ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "us-gaap:PropertyPlantAndEquipmentPolicyTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R25": {
     "role": "http://www.vailresorts.com/role/RevenuesTables",
     "longName": "9954473 - Disclosure - Revenues (Tables)",
     "shortName": "Revenues (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "25",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:DisaggregationOfRevenueTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:DisaggregationOfRevenueTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R26": {
     "role": "http://www.vailresorts.com/role/LeasesTables",
     "longName": "9954474 - Disclosure - Leases (Tables)",
     "shortName": "Leases (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "26",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:LeaseCostTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:LeaseCostTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R27": {
     "role": "http://www.vailresorts.com/role/NetIncomePerCommonShareTables",
     "longName": "9954475 - Disclosure - Net Income Per Common Share (Tables)",
     "shortName": "Net Income Per Common Share (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "27",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R28": {
     "role": "http://www.vailresorts.com/role/LongTermDebtTables",
     "longName": "9954476 - Disclosure - Long-Term Debt (Tables)",
     "shortName": "Long-Term Debt (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "28",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R29": {
     "role": "http://www.vailresorts.com/role/AcquisitionsTables",
     "longName": "9954477 - Disclosure - Acquisitions (Tables)",
     "shortName": "Acquisitions (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "29",
     "firstAnchor": {
      "contextRef": "c-219",
      "name": "us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": null
    },
    "R30": {
     "role": "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables",
     "longName": "9954478 - Disclosure - Supplementary Balance Sheet Information (Tables)",
     "shortName": "Supplementary Balance Sheet Information (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "30",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:OtherCurrentAssetsTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:OtherCurrentAssetsTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R31": {
     "role": "http://www.vailresorts.com/role/FairValueMeasurementsTables",
     "longName": "9954479 - Disclosure - Fair Value Measurements (Tables)",
     "shortName": "Fair Value Measurements (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "31",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R32": {
     "role": "http://www.vailresorts.com/role/IncomeTaxesTables",
     "longName": "9954480 - Disclosure - Income Taxes (Tables)",
     "shortName": "Income Taxes (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "32",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R33": {
     "role": "http://www.vailresorts.com/role/SegmentInformationTables",
     "longName": "9954482 - Disclosure - Segment Information (Tables)",
     "shortName": "Segment Information (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "33",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R34": {
     "role": "http://www.vailresorts.com/role/StockCompensationPlanTables",
     "longName": "9954483 - Disclosure - Stock Compensation Plan (Tables)",
     "shortName": "Stock Compensation Plan (Tables)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "tables",
     "menuCat": "Tables",
     "order": "34",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R35": {
     "role": "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails",
     "longName": "9954485 - Disclosure - Summary of Significant Accounting Policies (Narrative) (Details)",
     "shortName": "Summary of Significant Accounting Policies (Narrative) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "35",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "mtn:InterestRateSwapNotionalAmount",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:AdvertisingExpense",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "ix:continuation",
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R36": {
     "role": "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails",
     "longName": "9954486 - Disclosure - Summary of Significant Accounting Policies (Summary On Estimated Useful Life Of Property, Plant And Equipment) (Details)",
     "shortName": "Summary of Significant Accounting Policies (Summary On Estimated Useful Life Of Property, Plant And Equipment) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "36",
     "firstAnchor": {
      "contextRef": "c-67",
      "name": "us-gaap:PropertyPlantAndEquipmentUsefulLife",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "us-gaap:PropertyPlantAndEquipmentPolicyTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-67",
      "name": "us-gaap:PropertyPlantAndEquipmentUsefulLife",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "us-gaap:PropertyPlantAndEquipmentPolicyTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R37": {
     "role": "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails",
     "longName": "9954487 - Disclosure - Summary of Significant Accounting Policies (Allocation Of Stock-Based Compensation Expense) (Details)",
     "shortName": "Summary of Significant Accounting Policies (Allocation Of Stock-Based Compensation Expense) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "37",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:AllocatedShareBasedCompensationExpense",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:AllocatedShareBasedCompensationExpense",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R38": {
     "role": "http://www.vailresorts.com/role/RevenuesDetails",
     "longName": "9954488 - Disclosure - Revenues (Details)",
     "shortName": "Revenues (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "38",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:AccountsReceivableNetCurrent",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-104",
      "name": "mtn:LodgingRevenueNet",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:DisaggregationOfRevenueTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R39": {
     "role": "http://www.vailresorts.com/role/RevenuesContractBalancesDetails",
     "longName": "9954489 - Disclosure - Revenues Contract Balances (Details)",
     "shortName": "Revenues Contract Balances (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "39",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:ContractWithCustomerLiabilityCurrent",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:ContractWithCustomerLiabilityCurrent",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R40": {
     "role": "http://www.vailresorts.com/role/RevenuesCoststoObtainContractswithCustomersDetails",
     "longName": "9954490 - Disclosure - Revenues Costs to Obtain Contracts with Customers (Details)",
     "shortName": "Revenues Costs to Obtain Contracts with Customers (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "40",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:CapitalizedContractCostNet",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:CapitalizedContractCostNet",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R41": {
     "role": "http://www.vailresorts.com/role/LeasesDetails",
     "longName": "9954491 - Disclosure - Leases (Details)",
     "shortName": "Leases (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "41",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "mtn:ScheduleofFutureMinimumLeasePaymentsTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "mtn:ScheduleofFutureMinimumLeasePaymentsTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R42": {
     "role": "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
     "longName": "9954492 - Disclosure - Net Income Per Common Share (Details)",
     "shortName": "Net Income Per Common Share (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "42",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:NetIncomeLoss",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "mtn:WeightedAverageNumberofSharesOutstandingCommon",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R43": {
     "role": "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
     "longName": "9954493 - Disclosure - Long-Term Debt (Schedule Of Debt Instruments) (Details)",
     "shortName": "Long-Term Debt (Schedule Of Debt Instruments) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "43",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:LineOfCredit",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:LineOfCredit",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R44": {
     "role": "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
     "longName": "9954494 - Disclosure - Long-Term Debt (Schedule Of Aggregate Maturities For Debt Outstanding) (Details)",
     "shortName": "Long-Term Debt (Schedule Of Aggregate Maturities For Debt Outstanding) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "44",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ForeignCurrencyTransactionGainLossBeforeTax",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": null
    },
    "R45": {
     "role": "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
     "longName": "9954495 - Disclosure - Acquisitions (Narrative) (Details)",
     "shortName": "Acquisitions (Narrative) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "45",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-214",
      "name": "mtn:MtnBusinessCombinationRemainderPayment",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R46": {
     "role": "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
     "longName": "9954496 - Disclosure - Acquisitions (Summary Of Estimate Of Fair Value Of Identifiable Assets Acquired And Liabilities Assumed) (Details)",
     "shortName": "Acquisitions (Summary Of Estimate Of Fair Value Of Identifiable Assets Acquired And Liabilities Assumed) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "46",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:IndefiniteLivedTrademarks",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-211",
      "name": "us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R47": {
     "role": "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails",
     "longName": "9954497 - Disclosure - Supplementary Balance Sheet Information (Narrative) (Details)",
     "shortName": "Supplementary Balance Sheet Information (Narrative) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "47",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:AmortizationOfIntangibleAssets",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:PrepaidExpenseCurrent",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:OtherCurrentAssetsTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R48": {
     "role": "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails",
     "longName": "9954498 - Disclosure - Supplementary Balance Sheet Information (Composition Of Property, Plant And Equipment) (Details)",
     "shortName": "Supplementary Balance Sheet Information (Composition Of Property, Plant And Equipment) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "48",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:Depreciation",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "mtn:LandAndLandImprovementsGross",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:PropertyPlantAndEquipmentTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R49": {
     "role": "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails",
     "longName": "9954499 - Disclosure - Supplementary Balance Sheet Information Composition of Property, Plant and Equipment under Capital Lease (Details)",
     "shortName": "Supplementary Balance Sheet Information Composition of Property, Plant and Equipment under Capital Lease (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "49",
     "firstAnchor": {
      "contextRef": "c-204",
      "name": "mtn:FinanceLeasedAssetsLand",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-204",
      "name": "mtn:FinanceLeasedAssetsLand",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R50": {
     "role": "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails",
     "longName": "9954500 - Disclosure - Supplementary Balance Sheet Information (Composition Of Goodwill And Intangible Assets) (Details)",
     "shortName": "Supplementary Balance Sheet Information (Composition Of Goodwill And Intangible Assets) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "50",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:GoodwillGross",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:GoodwillGross",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R51": {
     "role": "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails",
     "longName": "9954501 - Disclosure - Supplementary Balance Sheet Information (Changes In Goodwill Amount) (Details)",
     "shortName": "Supplementary Balance Sheet Information (Changes In Goodwill Amount) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "51",
     "firstAnchor": {
      "contextRef": "c-5",
      "name": "us-gaap:Goodwill",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-6",
      "name": "us-gaap:GoodwillWrittenOffRelatedToSaleOfBusinessUnit",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfGoodwillTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R52": {
     "role": "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails",
     "longName": "9954502 - Disclosure - Supplementary Balance Sheet Information (Components Of Accounts Payable And Accrued Liabilities) (Details)",
     "shortName": "Supplementary Balance Sheet Information (Components Of Accounts Payable And Accrued Liabilities) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "52",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:AccountsPayableTradeCurrent",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:AccountsPayableTradeCurrent",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R53": {
     "role": "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfOtherLongTermLiabilitiesDetails",
     "longName": "9954503 - Disclosure - Supplementary Balance Sheet Information (Components Of Other Long-Term Liabilities) (Details)",
     "shortName": "Supplementary Balance Sheet Information (Components Of Other Long-Term Liabilities) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "53",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "mtn:OtherLongTermLiabilitiesNoncurrent",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": null
    },
    "R54": {
     "role": "http://www.vailresorts.com/role/FairValueMeasurementsDetails",
     "longName": "9954504 - Disclosure - Fair Value Measurements (Details)",
     "shortName": "Fair Value Measurements (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "54",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "mtn:ContingentConsiderationKeyAssumptionsforValuation",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "mtn:ContingentConsiderationKeyAssumptionsforValuation",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R55": {
     "role": "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
     "longName": "9954505 - Disclosure - Income Taxes (Narrative) (Details)",
     "shortName": "Income Taxes (Narrative) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "55",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent",
      "unitRef": "number",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:OperatingLossCarryforwards",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R56": {
     "role": "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails",
     "longName": "9954506 - Disclosure - Income Taxes (Components Of Deferred Tax Liabilities And Assets) (Details)",
     "shortName": "Income Taxes (Components Of Deferred Tax Liabilities And Assets) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "56",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R57": {
     "role": "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails",
     "longName": "9954507 - Disclosure - Income Taxes (Components Of Provision (Benefit) For Income Taxes) (Details)",
     "shortName": "Income Taxes (Components Of Provision (Benefit) For Income Taxes) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "57",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:CurrentFederalTaxExpenseBenefit",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:CurrentFederalTaxExpenseBenefit",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R58": {
     "role": "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails",
     "longName": "9954508 - Disclosure - Income Taxes (Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation) (Details)",
     "shortName": "Income Taxes (Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "58",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate",
      "unitRef": "number",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate",
      "unitRef": "number",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R59": {
     "role": "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfUnrecognizedTaxBenefitsDetails",
     "longName": "9954509 - Disclosure - Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details)",
     "shortName": "Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "59",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:UnrecognizedTaxBenefits",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:SummaryOfIncomeTaxContingenciesTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:UnrecognizedTaxBenefits",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:SummaryOfIncomeTaxContingenciesTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R60": {
     "role": "http://www.vailresorts.com/role/IncomeTaxesComponentsofIncomebeforeIncomeTaxesDetails",
     "longName": "9954510 - Disclosure - Income Taxes Components of Income before Income Taxes (Details)",
     "shortName": "Income Taxes Components of Income before Income Taxes (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "60",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "0",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "0",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R61": {
     "role": "http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails",
     "longName": "9954511 - Disclosure - Income Taxes Presentation of Net Deferred Tax Liabilities and Assets (Details)",
     "shortName": "Income Taxes Presentation of Net Deferred Tax Liabilities and Assets (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "61",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:DeferredIncomeTaxAssetsNet",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "mtn:BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:DeferredIncomeTaxAssetsNet",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "mtn:BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R62": {
     "role": "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
     "longName": "9954512 - Disclosure - Commitments and Contingencies (Narrative) (Details)",
     "shortName": "Commitments and Contingencies (Narrative) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "62",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:LettersOfCreditOutstandingAmount",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:LettersOfCreditOutstandingAmount",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R63": {
     "role": "http://www.vailresorts.com/role/SegmentInformationDetails",
     "longName": "9954514 - Disclosure - Segment Information (Details)",
     "shortName": "Segment Information (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "63",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "mtn:MountainRevenueNet",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "mtn:MountainExpensesNet",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R64": {
     "role": "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails",
     "longName": "9954515 - Disclosure - Segment Information Geographic Information (Details)",
     "shortName": "Segment Information Geographic Information (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "64",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:Revenues",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-279",
      "name": "us-gaap:Revenues",
      "unitRef": "usd",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "us-gaap:RevenueFromExternalCustomersByGeographicAreasTableTextBlock",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R65": {
     "role": "http://www.vailresorts.com/role/StockRepurchasePlanDetails",
     "longName": "9954516 - Disclosure - Stock Repurchase Plan (Details)",
     "shortName": "Stock Repurchase Plan (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "65",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:TreasuryStockSharesAcquired",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "0",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:TreasuryStockSharesAcquired",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "0",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R66": {
     "role": "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
     "longName": "9954517 - Disclosure - Stock Compensation Plan (Narrative) (Details)",
     "shortName": "Stock Compensation Plan (Narrative) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "66",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-4",
      "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-5",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R67": {
     "role": "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails",
     "longName": "9954518 - Disclosure - Stock Compensation Plan (Schedule Of Share Based Compensation Valuation Model) (Details)",
     "shortName": "Stock Compensation Plan (Schedule Of Share Based Compensation Valuation Model) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "67",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate",
      "unitRef": "number",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "INF",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate",
      "unitRef": "number",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "INF",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "ix:continuation",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R68": {
     "role": "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails",
     "longName": "9954519 - Disclosure - Stock Compensation Plan (Schedule Of Share Based Compensation Option And SARs Award Activity) (Details)",
     "shortName": "Stock Compensation Plan (Schedule Of Share Based Compensation Option And SARs Award Activity) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "68",
     "firstAnchor": {
      "contextRef": "c-5",
      "name": "mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "mtn:ShareBasedCompensationArrangementSarsGrantedInPeriod",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R69": {
     "role": "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails",
     "longName": "9954520 - Disclosure - Stock Compensation Plan (Schedule of Share Based Compensation SARs Activity) (Details)",
     "shortName": "Stock Compensation Plan (Schedule of Share Based Compensation SARs Activity) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "69",
     "firstAnchor": {
      "contextRef": "c-4",
      "name": "mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "c-304",
      "name": "mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "unique": true
     }
    },
    "R70": {
     "role": "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails",
     "longName": "9954521 - Disclosure - Stock Compensation Plan (Schedule Of Share Based Compensation Restricted Stock Units Activity) (Details)",
     "shortName": "Stock Compensation Plan (Schedule Of Share Based Compensation Restricted Stock Units Activity) (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "70",
     "firstAnchor": {
      "contextRef": "c-305",
      "name": "mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-305",
      "name": "mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber",
      "unitRef": "shares",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "-3",
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "us-gaap:ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    },
    "R71": {
     "role": "http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails",
     "longName": "9954522 - Disclosure - Retirement and Profit Sharing Plans (Details)",
     "shortName": "Retirement and Profit Sharing Plans (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "71",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "mtn:DefinedContributionPlanEmployeeContributionPercentage",
      "unitRef": "number",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "2",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "mtn:DefinedContributionPlanEmployeeContributionPercentage",
      "unitRef": "number",
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": "2",
      "ancestors": [
       "span",
       "div",
       "ix:continuation",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "mtn-20240731.htm",
      "first": true,
      "unique": true
     }
    }
   },
   "tag": {
    "mtn_A00NotesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "A00NotesMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "0.0% Notes",
        "label": "0.0% Notes [Member]",
        "documentation": "0.0% Notes"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_A6.25NotesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "A6.25NotesMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "6.25% Notes [Member]",
        "label": "6.25% Notes [Member]",
        "documentation": "6.25% Notes [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_A6.50NotesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "A6.50NotesMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "6.50% Notes",
        "label": "6.50% Notes [Member]",
        "documentation": "6.50% Notes"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_AcceleratedShareRepurchasesDateAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AcceleratedShareRepurchasesDateAxis",
     "presentation": [
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accelerated Share Repurchases, Date [Axis]",
        "label": "Accelerated Share Repurchases, Date [Axis]",
        "documentation": "Information by date of execution of accelerated share repurchases."
       }
      }
     },
     "auth_ref": [
      "r180"
     ]
    },
    "us-gaap_AcceleratedShareRepurchasesDateDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AcceleratedShareRepurchasesDateDomain",
     "presentation": [
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accelerated Share Repurchases, Date [Domain]",
        "label": "Accelerated Share Repurchases, Date [Domain]",
        "documentation": "Date upon which the accelerated share repurchase agreement was executed."
       }
      }
     },
     "auth_ref": [
      "r180"
     ]
    },
    "us-gaap_AcceleratedShareRepurchasesLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AcceleratedShareRepurchasesLineItems",
     "presentation": [
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accelerated Share Repurchases [Line Items]",
        "label": "Accelerated Share Repurchases [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_AcceleratedShareRepurchasesTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AcceleratedShareRepurchasesTable",
     "presentation": [
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accelerated Share Repurchases [Table]",
        "label": "Accelerated Share Repurchases [Table]",
        "documentation": "A table reflecting activity in an accelerated share repurchase (ASR) program."
       }
      }
     },
     "auth_ref": [
      "r180"
     ]
    },
    "us-gaap_AccountingPoliciesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AccountingPoliciesAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accounting Policies [Abstract]",
        "label": "Accounting Policies [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_AccountsPayableAccruedLiabilities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "AccountsPayableAccruedLiabilities",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_LiabilitiesCurrent",
       "weight": 1.0,
       "order": 1.0
      },
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accounts payable and accrued liabilities (Note 8)",
        "totalLabel": "Total accounts payable and accrued liabilities",
        "label": "Accounts Payable Accrued Liabilities",
        "documentation": "Carrying amount as of the balance sheet date of liabilities incurred (of which invoices have been received and for which invoice have not yet been received or will not be rendered). Includes deferred revenue, accrued interest expense, deposits, accrued salaries, wages and benefits and other accrued liabilities."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_AccountsPayableTradeCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AccountsPayableTradeCurrent",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails": {
       "parentTag": "mtn_AccountsPayableAccruedLiabilities",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Trade payables",
        "label": "Accounts Payable, Trade, Current",
        "documentation": "Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer)."
       }
      }
     },
     "auth_ref": [
      "r37",
      "r39"
     ]
    },
    "us-gaap_AccountsReceivableNetCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AccountsReceivableNetCurrent",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_AssetsCurrent",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Trade receivables, net of allowances",
        "verboseLabel": "Accounts Receivable, after Allowance for Credit Loss, Current",
        "label": "Accounts Receivable, after Allowance for Credit Loss, Current",
        "documentation": "Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current."
       }
      }
     },
     "auth_ref": [
      "r375",
      "r376"
     ]
    },
    "us-gaap_AccretionExpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AccretionExpense",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accretion Expense",
        "label": "Accretion Expense",
        "documentation": "Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations."
       }
      }
     },
     "auth_ref": [
      "r900",
      "r996"
     ]
    },
    "us-gaap_AccruedEmployeeBenefitsCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AccruedEmployeeBenefitsCurrent",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails": {
       "parentTag": "mtn_AccountsPayableAccruedLiabilities",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accrued benefits",
        "label": "Accrued Employee Benefits, Current",
        "documentation": "Carrying value as of the balance sheet date of obligations, excluding pension and other postretirement benefits, incurred through that date and payable for perquisites provided to employees pertaining to services received from them. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer)."
       }
      }
     },
     "auth_ref": [
      "r42"
     ]
    },
    "us-gaap_AccruedIncomeTaxesCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AccruedIncomeTaxesCurrent",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_LiabilitiesCurrent",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Income taxes payable",
        "label": "Accrued Income Taxes, Current",
        "documentation": "Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations."
       }
      }
     },
     "auth_ref": [
      "r141",
      "r196"
     ]
    },
    "us-gaap_AccruedSalariesCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AccruedSalariesCurrent",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails": {
       "parentTag": "mtn_AccountsPayableAccruedLiabilities",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accrued salaries, wages and deferred compensation",
        "label": "Accrued Salaries, Current",
        "documentation": "Carrying value as of the balance sheet date of the obligations incurred through that date and payable for employees' services provided. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer)."
       }
      }
     },
     "auth_ref": [
      "r42",
      "r889"
     ]
    },
    "mtn_AccumulatedAmortizationExcludingGoodwill": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "AccumulatedAmortizationExcludingGoodwill",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "us-gaap_IntangibleAssetsNetExcludingGoodwill",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Total accumulated amortization",
        "label": "Accumulated Amortization Excluding Goodwill",
        "documentation": "Accumulated Amortization Excluding Goodwill"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails": {
       "parentTag": "us-gaap_PropertyPlantAndEquipmentNet",
       "weight": -1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Accumulated depreciation",
        "label": "Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment",
        "documentation": "Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services."
       }
      }
     },
     "auth_ref": [
      "r82",
      "r258",
      "r731"
     ]
    },
    "us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AccumulatedOtherComprehensiveIncomeLossNetOfTax",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_StockholdersEquity",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Accumulated other comprehensive loss",
        "label": "Accumulated Other Comprehensive Income (Loss), Net of Tax",
        "documentation": "Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source."
       }
      }
     },
     "auth_ref": [
      "r50",
      "r51",
      "r151",
      "r268",
      "r726",
      "r767",
      "r771"
     ]
    },
    "us-gaap_AccumulatedOtherComprehensiveIncomeMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AccumulatedOtherComprehensiveIncomeMember",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accumulated Other Comprehensive Loss [Member]",
        "label": "AOCI Attributable to Parent [Member]",
        "documentation": "Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners."
       }
      }
     },
     "auth_ref": [
      "r9",
      "r26",
      "r51",
      "r613",
      "r616",
      "r695",
      "r762",
      "r763",
      "r963",
      "r964",
      "r965",
      "r975",
      "r976",
      "r977"
     ]
    },
    "us-gaap_AdditionalPaidInCapitalCommonStock": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AdditionalPaidInCapitalCommonStock",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_StockholdersEquity",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Additional paid-in capital",
        "label": "Additional Paid in Capital, Common Stock",
        "documentation": "Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital."
       }
      }
     },
     "auth_ref": [
      "r146"
     ]
    },
    "us-gaap_AdditionalPaidInCapitalMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AdditionalPaidInCapitalMember",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Additional Paid in Capital [Member]",
        "label": "Additional Paid-in Capital [Member]",
        "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders."
       }
      }
     },
     "auth_ref": [
      "r546",
      "r547",
      "r548",
      "r784",
      "r975",
      "r976",
      "r977",
      "r1019",
      "r1037"
     ]
    },
    "us-gaap_AdjustmentsForNewAccountingPronouncementsAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AdjustmentsForNewAccountingPronouncementsAxis",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accounting Standards Update [Axis]",
        "label": "Accounting Standards Update [Axis]",
        "documentation": "Information by amendment to accounting standards."
       }
      }
     },
     "auth_ref": [
      "r245",
      "r246",
      "r247",
      "r248",
      "r249",
      "r310",
      "r311",
      "r312",
      "r314",
      "r323",
      "r380",
      "r381",
      "r383",
      "r384",
      "r385",
      "r386",
      "r389",
      "r390",
      "r391",
      "r392",
      "r393",
      "r394",
      "r422",
      "r546",
      "r547",
      "r548",
      "r578",
      "r579",
      "r580",
      "r581",
      "r596",
      "r597",
      "r598",
      "r608",
      "r609",
      "r610",
      "r611",
      "r612",
      "r613",
      "r614",
      "r615",
      "r616",
      "r618",
      "r619",
      "r621",
      "r622",
      "r623",
      "r624",
      "r625",
      "r626",
      "r627",
      "r629",
      "r630",
      "r631",
      "r632",
      "r633",
      "r641",
      "r642",
      "r645",
      "r646",
      "r647",
      "r648",
      "r664",
      "r665",
      "r669",
      "r670",
      "r671",
      "r672",
      "r691",
      "r692",
      "r693",
      "r694",
      "r695",
      "r705",
      "r706",
      "r707",
      "r760",
      "r761",
      "r762",
      "r763",
      "r764",
      "r765",
      "r766",
      "r767",
      "r768",
      "r769",
      "r770",
      "r771"
     ]
    },
    "us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature",
        "label": "Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature",
        "documentation": "Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature."
       }
      }
     },
     "auth_ref": [
      "r27",
      "r179",
      "r577"
     ]
    },
    "us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Equity component of 0.0% Convertible Notes, net (Note 6)",
        "label": "Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt",
        "documentation": "Adjustment to additional paid in capital resulting from the recognition of convertible debt instruments as two separate components - a debt component and an equity component. This bifurcation may result in a basis difference associated with the liability component that represents a temporary difference for purposes of applying accounting for income taxes. The initial recognition of deferred taxes for the tax effect of that temporary difference is as an adjustment to additional paid in capital."
       }
      }
     },
     "auth_ref": [
      "r84"
     ]
    },
    "mtn_AdjustmentsToCapitalLeaseAnnualPayments": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "AdjustmentsToCapitalLeaseAnnualPayments",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Adjustments to Capital Lease Annual Payments",
        "label": "Adjustments to Capital Lease Annual Payments",
        "documentation": "Adjustments to Capital Lease Annual Payments"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Adjustments to reconcile net income to net cash provided by operating activities:",
        "label": "Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_AdvertisingCostsPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AdvertisingCostsPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Advertising Costs",
        "label": "Advertising Cost [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for advertising cost."
       }
      }
     },
     "auth_ref": [
      "r213"
     ]
    },
    "us-gaap_AdvertisingExpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AdvertisingExpense",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Advertising expense",
        "label": "Advertising Expense",
        "documentation": "Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line."
       }
      }
     },
     "auth_ref": [
      "r554"
     ]
    },
    "currency_AllCurrenciesDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/currency/2023",
     "localname": "AllCurrenciesDomain",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "All Currencies [Domain]",
        "label": "All Currencies [Domain]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_AllocatedShareBasedCompensationExpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AllocatedShareBasedCompensationExpense",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails": {
       "parentTag": "us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Pre-tax stock-based compensation expense",
        "label": "Share-Based Payment Arrangement, Expense",
        "documentation": "Amount of expense for award under share-based payment arrangement. Excludes amount capitalized."
       }
      }
     },
     "auth_ref": [
      "r541",
      "r553"
     ]
    },
    "us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AllocatedShareBasedCompensationExpenseNetOfTax",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Net stock-based compensation expense",
        "label": "Share-Based Payment Arrangement, Expense, after Tax",
        "documentation": "Amount, after tax, of expense for award under share-based payment arrangement."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_AlpineValleySecuredNoteMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "AlpineValleySecuredNoteMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Alpine Valley Secured Note [Member]",
        "label": "Alpine Valley Secured Note [Member]",
        "documentation": "Alpine Valley Secured Note [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Amendment Flag",
        "label": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_AmortizationOfFinancingCosts": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AmortizationOfFinancingCosts",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Amortization of Financing Costs",
        "label": "Amortization of Debt Issuance Costs",
        "documentation": "Amount of amortization expense attributable to debt issuance costs."
       }
      }
     },
     "auth_ref": [
      "r155",
      "r469",
      "r667",
      "r969"
     ]
    },
    "us-gaap_AmortizationOfIntangibleAssets": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AmortizationOfIntangibleAssets",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Amortization of Intangible Assets",
        "label": "Amortization of Intangible Assets",
        "documentation": "The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method."
       }
      }
     },
     "auth_ref": [
      "r15",
      "r75",
      "r80"
     ]
    },
    "mtn_AndermattSedrunMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "AndermattSedrunMember",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/AcquisitionsTables",
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Andermatt-Sedrun",
        "label": "Andermatt-Sedrun [Member]",
        "documentation": "Andermatt-Sedrun"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_AnnualInterestRateIncreaseCap": {
     "xbrltype": "percentItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "AnnualInterestRateIncreaseCap",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Annual Interest Rate Increase Cap",
        "label": "Annual Interest Rate Increase Cap",
        "documentation": "Annual Interest Rate Increase Cap"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Anti-dilutive securities (in shares)",
        "label": "Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount",
        "documentation": "Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented."
       }
      }
     },
     "auth_ref": [
      "r334"
     ]
    },
    "us-gaap_Assets": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "Assets",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Total assets",
        "label": "Assets",
        "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events."
       }
      }
     },
     "auth_ref": [
      "r194",
      "r262",
      "r300",
      "r345",
      "r360",
      "r366",
      "r382",
      "r434",
      "r435",
      "r437",
      "r438",
      "r439",
      "r441",
      "r443",
      "r445",
      "r446",
      "r601",
      "r605",
      "r644",
      "r720",
      "r821",
      "r926",
      "r939",
      "r1002",
      "r1003",
      "r1025"
     ]
    },
    "us-gaap_AssetsAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AssetsAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Assets",
        "label": "Assets [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_AssetsCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AssetsCurrent",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Assets",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Total current assets",
        "label": "Assets, Current",
        "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events."
       }
      }
     },
     "auth_ref": [
      "r253",
      "r273",
      "r300",
      "r382",
      "r434",
      "r435",
      "r437",
      "r438",
      "r439",
      "r441",
      "r443",
      "r445",
      "r446",
      "r601",
      "r605",
      "r644",
      "r926",
      "r1002",
      "r1003",
      "r1025"
     ]
    },
    "dei_AuditorFirmId": {
     "xbrltype": "nonemptySequenceNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AuditorFirmId",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Auditor Firm ID",
        "label": "Auditor Firm ID",
        "documentation": "PCAOB issued Audit Firm Identifier"
       }
      }
     },
     "auth_ref": [
      "r943",
      "r944",
      "r945"
     ]
    },
    "dei_AuditorLocation": {
     "xbrltype": "internationalNameItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AuditorLocation",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Auditor Location",
        "label": "Auditor Location"
       }
      }
     },
     "auth_ref": [
      "r943",
      "r944",
      "r945"
     ]
    },
    "dei_AuditorName": {
     "xbrltype": "internationalNameItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AuditorName",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Auditor Name",
        "label": "Auditor Name"
       }
      }
     },
     "auth_ref": [
      "r943",
      "r944",
      "r945"
     ]
    },
    "us-gaap_AwardTypeAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "AwardTypeAxis",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Award Type [Axis]",
        "label": "Award Type [Axis]",
        "documentation": "Information by type of award under share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r512",
      "r513",
      "r514",
      "r516",
      "r517",
      "r518",
      "r519",
      "r520",
      "r521",
      "r522",
      "r523",
      "r524",
      "r525",
      "r526",
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r536",
      "r537",
      "r538",
      "r539",
      "r540"
     ]
    },
    "us-gaap_BalanceSheetLocationAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BalanceSheetLocationAxis",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Balance Sheet Location [Axis]",
        "label": "Balance Sheet Location [Axis]",
        "documentation": "Information by location on balance sheet (statement of financial position)."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_BalanceSheetLocationDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BalanceSheetLocationDomain",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Balance Sheet Location [Domain]",
        "label": "Balance Sheet Location [Domain]",
        "documentation": "Location in the balance sheet (statement of financial position)."
       }
      }
     },
     "auth_ref": [
      "r119",
      "r122"
     ]
    },
    "us-gaap_BalanceSheetRelatedDisclosuresAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BalanceSheetRelatedDisclosuresAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Balance Sheet Related Disclosures [Abstract]",
        "label": "Balance Sheet Related Disclosures [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Balance Sheet Summary of Deferred Tax Assets and Liabilities [Table Text Block]",
        "label": "Balance Sheet Summary of Deferred Tax Assets and Liabilities [Table Text Block]",
        "documentation": "Balance Sheet Summary of Deferred Tax Assets and Liabilities [Table Text Block]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_BcHousingMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "BcHousingMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "BC Housing [Member]",
        "label": "Bc Housing [Member]",
        "documentation": "BC Housing [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_BostonMillsBrandywineSecuredNoteMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "BostonMillsBrandywineSecuredNoteMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Boston Mills Brandywine Secured Note [Member]",
        "label": "Boston Mills Brandywine Secured Note [Member]",
        "documentation": "Boston Mills Brandywine Secured Note [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_BreckenridgeTerraceMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "BreckenridgeTerraceMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Breckenridge Terrace [Member]",
        "label": "Breckenridge Terrace [Member]",
        "documentation": "Breckenridge Terrace [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_BuildingAndBuildingImprovementsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BuildingAndBuildingImprovementsMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Buildings and Building Improvements [Member]",
        "label": "Building and Building Improvements [Member]",
        "documentation": "Facility held for productive use including, but not limited to, office, production, storage and distribution facilities and any addition, improvement, or renovation to the structure, for example, but not limited to, interior masonry, interior flooring, electrical, and plumbing."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_BuildingsAndImprovementsGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BuildingsAndImprovementsGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails": {
       "parentTag": "us-gaap_PropertyPlantAndEquipmentGross",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Buildings and building improvements",
        "label": "Buildings and Improvements, Gross",
        "documentation": "Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing."
       }
      }
     },
     "auth_ref": [
      "r170"
     ]
    },
    "us-gaap_BusinessAcquisitionAcquireeDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessAcquisitionAcquireeDomain",
     "presentation": [
      "http://www.vailresorts.com/role/Acquisitions",
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/AcquisitionsTables",
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails",
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Acquisition, Acquiree [Domain]",
        "label": "Business Acquisition, Acquiree [Domain]",
        "documentation": "Identification of the acquiree in a material business combination (or series of individually immaterial business combinations), which may include the name or other type of identification of the acquiree."
       }
      }
     },
     "auth_ref": [
      "r594",
      "r917",
      "r918"
     ]
    },
    "us-gaap_BusinessAcquisitionAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessAcquisitionAxis",
     "presentation": [
      "http://www.vailresorts.com/role/Acquisitions",
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/AcquisitionsTables",
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails",
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Acquisition [Axis]",
        "label": "Business Acquisition [Axis]",
        "documentation": "Information by business combination or series of individually immaterial business combinations."
       }
      }
     },
     "auth_ref": [
      "r103",
      "r107",
      "r594",
      "r917",
      "r918"
     ]
    },
    "us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1": {
     "xbrltype": "dateItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessAcquisitionEffectiveDateOfAcquisition1",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Acquisition, Effective Date of Acquisition",
        "label": "Business Acquisition, Effective Date of Acquisition",
        "documentation": "Date when the acquirer obtains control of the acquiree, in YYYY-MM-DD format."
       }
      }
     },
     "auth_ref": [
      "r3",
      "r4",
      "r28"
     ]
    },
    "us-gaap_BusinessAcquisitionLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessAcquisitionLineItems",
     "presentation": [
      "http://www.vailresorts.com/role/Acquisitions",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Acquisition [Line Items]",
        "label": "Business Acquisition [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": [
      "r594"
     ]
    },
    "us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessAcquisitionPercentageOfVotingInterestsAcquired",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Acquisition, Percentage of Voting Interests Acquired",
        "label": "Business Acquisition, Percentage of Voting Interests Acquired",
        "documentation": "Percentage of voting equity interests acquired at the acquisition date in the business combination."
       }
      }
     },
     "auth_ref": [
      "r104"
     ]
    },
    "us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value",
        "label": "Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value",
        "documentation": "This element represents the fair value of the noncontrolling interest in the acquiree at the acquisition date."
       }
      }
     },
     "auth_ref": [
      "r110"
     ]
    },
    "us-gaap_BusinessCombinationConsiderationTransferred1": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationConsiderationTransferred1",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Consideration Transferred",
        "label": "Business Combination, Consideration Transferred",
        "documentation": "Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer."
       }
      }
     },
     "auth_ref": [
      "r5",
      "r6",
      "r21"
     ]
    },
    "us-gaap_BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination",
        "label": "Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination",
        "documentation": "Fair value at acquisition-date of the assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interests issued by the acquirer, including but not limited to, instruments or interests issued or issuable in consideration for the business combination."
       }
      }
     },
     "auth_ref": [
      "r21",
      "r33"
     ]
    },
    "us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Change in Fair Value of Contingent Consideration",
        "label": "Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability",
        "documentation": "Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement."
       }
      }
     },
     "auth_ref": [
      "r599",
      "r968"
     ]
    },
    "us-gaap_BusinessCombinationContingentConsiderationArrangementsDescription": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationContingentConsiderationArrangementsDescription",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Contingent Consideration Arrangements, Description",
        "label": "Business Combination, Contingent Consideration Arrangements, Description",
        "documentation": "For contingent consideration arrangements recognized in connection with a business combination, this element represents a description of such arrangements."
       }
      }
     },
     "auth_ref": [
      "r111"
     ]
    },
    "mtn_BusinessCombinationDeposits": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "BusinessCombinationDeposits",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Deposit returned (paid) for acquisition of business",
        "terseLabel": "Other Payments to Acquire Businesses1",
        "label": "Business Combination, Deposits",
        "documentation": "Business Combination, Deposits"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_BusinessCombinationDepositsReturned": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "BusinessCombinationDepositsReturned",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deposit returned (paid) for acquisition of business",
        "label": "Business Combination, Deposits Returned",
        "documentation": "Business Combination, Deposits Returned"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_BusinessCombinationDisclosureTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationDisclosureTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/Acquisitions"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Acquisitions",
        "label": "Business Combination Disclosure [Text Block]",
        "documentation": "The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable)."
       }
      }
     },
     "auth_ref": [
      "r188",
      "r595"
     ]
    },
    "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets",
        "label": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets",
        "documentation": "Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date."
       }
      }
     },
     "auth_ref": [
      "r109"
     ]
    },
    "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables",
        "label": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables",
        "documentation": "Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date."
       }
      }
     },
     "auth_ref": [
      "r109"
     ]
    },
    "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill",
        "label": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill",
        "documentation": "Amount of intangible assets, excluding goodwill, acquired at the acquisition date."
       }
      }
     },
     "auth_ref": [
      "r109"
     ]
    },
    "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities",
        "label": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities",
        "documentation": "Amount of liabilities assumed at the acquisition date."
       }
      }
     },
     "auth_ref": [
      "r109"
     ]
    },
    "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net",
        "label": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net",
        "documentation": "Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed."
       }
      }
     },
     "auth_ref": [
      "r108",
      "r109"
     ]
    },
    "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt",
        "negatedTerseLabel": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt",
        "label": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt",
        "documentation": "Amount of long-term debt due after one year or the normal operating cycle, if longer, assumed at the acquisition date."
       }
      }
     },
     "auth_ref": [
      "r109"
     ]
    },
    "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment",
        "label": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment",
        "documentation": "The amount of property, plant, and equipment recognized as of the acquisition date."
       }
      }
     },
     "auth_ref": [
      "r108",
      "r109"
     ]
    },
    "us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed",
        "label": "Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed",
        "documentation": "For transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination, such as related to pre-existing relationships with the acquiree, this element represents the disclosure of the amount of acquisition related costs which have been expensed."
       }
      }
     },
     "auth_ref": [
      "r106"
     ]
    },
    "us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt",
        "label": "Business Combination, Separately Recognized Transactions, Liabilities Recognized",
        "documentation": "The amount of liabilities recognized recorded in a transaction with the acquiree for each transaction that is recognized separately from the acquisition of assets and assumptions of liabilities in the business combination."
       }
      }
     },
     "auth_ref": [
      "r105"
     ]
    },
    "us-gaap_BusinessCombinationsAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "BusinessCombinationsAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Combinations [Abstract]",
        "label": "Business Combinations [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "country_CA": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2023",
     "localname": "CA",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "CANADA",
        "label": "CANADA"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_CanyonsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "CanyonsMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Canyons [Member]",
        "label": "Canyons [Member]",
        "documentation": "Canyons [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_CanyonsObligationMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "CanyonsObligationMember",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Canyons Obligation [Member]",
        "label": "Canyons Obligation [Member]",
        "documentation": "Obligation to Talisker Corporation for operation of Canyons Resort"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_CapitalExpendituresIncurredButNotYetPaid": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CapitalExpendituresIncurredButNotYetPaid",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accrued capital expenditures",
        "label": "Capital Expenditures Incurred but Not yet Paid",
        "documentation": "Future cash outflow to pay for purchases of fixed assets that have occurred."
       }
      }
     },
     "auth_ref": [
      "r62",
      "r63",
      "r64"
     ]
    },
    "mtn_CapitalLeasedAssetsMachineryandEquipment": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "CapitalLeasedAssetsMachineryandEquipment",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Acquisition, Purchase Price Allocation, Machinery and Equipment",
        "verboseLabel": "Capital Leased Assets, Machinery and Equipment",
        "label": "Capital Leased Assets, Machinery and Equipment",
        "documentation": "Gross amount, as of the balance sheet date, of long-lived, depreciable assets used in the production process to produce goods and services under capital lease obligations."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_CapitalizedComputerSoftwareGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CapitalizedComputerSoftwareGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails": {
       "parentTag": "us-gaap_PropertyPlantAndEquipmentGross",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Software",
        "label": "Capitalized Computer Software, Gross",
        "documentation": "Amount before accumulated amortization of capitalized costs for computer software, including but not limited to, acquired and internally developed computer software."
       }
      }
     },
     "auth_ref": [
      "r1047"
     ]
    },
    "us-gaap_CapitalizedContractCostAmortization": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CapitalizedContractCostAmortization",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesCoststoObtainContractswithCustomersDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Capitalized Contract Cost, Amortization",
        "label": "Capitalized Contract Cost, Amortization",
        "documentation": "Amount of amortization expense for asset recognized from cost incurred to obtain or fulfill contract with customer."
       }
      }
     },
     "auth_ref": [
      "r401"
     ]
    },
    "us-gaap_CapitalizedContractCostNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CapitalizedContractCostNet",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesCoststoObtainContractswithCustomersDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Capitalized Contract Cost, Net",
        "label": "Capitalized Contract Cost, Net",
        "documentation": "Amount, after accumulated amortization and accumulated impairment loss, of asset recognized from cost incurred to obtain or fulfill contract with customer."
       }
      }
     },
     "auth_ref": [
      "r400"
     ]
    },
    "us-gaap_CashAndCashEquivalentsAtCarryingValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CashAndCashEquivalentsAtCarryingValue",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_AssetsCurrent",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash and cash equivalents",
        "label": "Cash and Cash Equivalents, at Carrying Value",
        "documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation."
       }
      }
     },
     "auth_ref": [
      "r59",
      "r256",
      "r886"
     ]
    },
    "us-gaap_CashAndCashEquivalentsFairValueDisclosure": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CashAndCashEquivalentsFairValueDisclosure",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash and Cash Equivalents, Fair Value Disclosure",
        "label": "Cash and Cash Equivalents, Fair Value Disclosure",
        "documentation": "Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_CashAndCashEquivalentsPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CashAndCashEquivalentsPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash and Cash Equivalents",
        "label": "Cash and Cash Equivalents, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value."
       }
      }
     },
     "auth_ref": [
      "r60"
     ]
    },
    "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "periodStartLabel": "Beginning of period",
        "periodEndLabel": "End of period",
        "label": "Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents",
        "documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates."
       }
      }
     },
     "auth_ref": [
      "r59",
      "r161",
      "r297"
     ]
    },
    "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Net decrease in cash, cash equivalents and restricted cash",
        "label": "Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect",
        "documentation": "Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates."
       }
      }
     },
     "auth_ref": [
      "r8",
      "r161"
     ]
    },
    "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash, cash equivalents and restricted cash:",
        "label": "Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_CashFlowSupplementalDisclosuresTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CashFlowSupplementalDisclosuresTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesNotes",
      "http://www.vailresorts.com/role/LeasesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash Flow, Supplemental Disclosures [Text Block]",
        "label": "Cash Flow, Supplemental Disclosures [Text Block]",
        "documentation": "The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. \"Part noncash\" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period."
       }
      }
     },
     "auth_ref": [
      "r158"
     ]
    },
    "us-gaap_CertificatesOfDepositMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CertificatesOfDepositMember",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Certificates of Deposit [Member]",
        "label": "Certificates of Deposit [Member]",
        "documentation": "Short to medium-term investment available at banks and savings and loan institutions where a customer agrees to lend money to the institution for a certain amount of time and is paid a predetermined rate of interest. Certificates of deposit (CD) are typically Federal Deposit Insurance Corporation (FDIC) insured."
       }
      }
     },
     "auth_ref": [
      "r20",
      "r933",
      "r934",
      "r935",
      "r936"
     ]
    },
    "us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments",
        "label": "Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments",
        "documentation": "Amount of gain (loss) from the increase (decrease) in fair value of derivative and nonderivative instruments designated as fair value hedging instruments recognized in the income statement."
       }
      }
     },
     "auth_ref": [
      "r193"
     ]
    },
    "mtn_ChangeinFairValueofContingentConsideration": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ChangeinFairValueofContingentConsideration",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_OperatingIncomeLoss",
       "weight": -1.0,
       "order": 5.0
      },
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Change in estimated fair value of contingent consideration (Note 9)",
        "terseLabel": "Change in estimated fair value of contingent consideration",
        "label": "Change in Fair Value of Contingent Consideration",
        "documentation": "Change in Fair Value of Contingent Consideration"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CityAreaCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CityAreaCode",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "City Area Code",
        "label": "City Area Code",
        "documentation": "Area code of city"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ClassOfStockDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ClassOfStockDomain",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Class of Stock [Domain]",
        "label": "Class of Stock [Domain]",
        "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock."
       }
      }
     },
     "auth_ref": [
      "r227",
      "r265",
      "r266",
      "r267",
      "r300",
      "r328",
      "r329",
      "r331",
      "r333",
      "r339",
      "r340",
      "r382",
      "r434",
      "r437",
      "r438",
      "r439",
      "r445",
      "r446",
      "r478",
      "r479",
      "r480",
      "r481",
      "r482",
      "r644",
      "r776",
      "r777",
      "r778",
      "r779",
      "r784",
      "r785",
      "r786",
      "r787",
      "r788",
      "r789",
      "r790",
      "r791",
      "r792",
      "r793",
      "r794",
      "r795",
      "r809",
      "r830",
      "r850",
      "r862",
      "r863",
      "r864",
      "r865",
      "r866",
      "r950",
      "r970",
      "r979"
     ]
    },
    "us-gaap_CommercialPaperMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommercialPaperMember",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Commercial Paper [Member]",
        "label": "Commercial Paper [Member]",
        "documentation": "Unsecured promissory note (generally negotiable) that provides institutions with short-term funds."
       }
      }
     },
     "auth_ref": [
      "r174",
      "r933",
      "r934",
      "r935",
      "r936"
     ]
    },
    "us-gaap_CommitmentsAndContingencies": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommitmentsAndContingencies",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Commitments and contingencies (Note 11)",
        "label": "Commitments and Contingencies",
        "documentation": "Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur."
       }
      }
     },
     "auth_ref": [
      "r47",
      "r135",
      "r723",
      "r808"
     ]
    },
    "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommitmentsAndContingenciesDisclosureAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Commitments and Contingencies Disclosure [Abstract]",
        "label": "Commitments and Contingencies Disclosure [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommitmentsAndContingenciesDisclosureTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingencies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Commitments and Contingencies",
        "label": "Commitments and Contingencies Disclosure [Text Block]",
        "documentation": "The entire disclosure for commitments and contingencies."
       }
      }
     },
     "auth_ref": [
      "r172",
      "r426",
      "r427",
      "r869",
      "r997"
     ]
    },
    "us-gaap_CommonStockDividendsPerShareCashPaid": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommonStockDividendsPerShareCashPaid",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Common Stock, Dividends, Per Share, Cash Paid",
        "label": "Common Stock, Dividends, Per Share, Cash Paid",
        "documentation": "Aggregate dividends paid during the period for each share of common stock outstanding."
       }
      }
     },
     "auth_ref": [
      "r179"
     ]
    },
    "us-gaap_CommonStockDividendsPerShareDeclared": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommonStockDividendsPerShareDeclared",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash dividends declared per share",
        "verboseLabel": "Cash dividends declared per share (in dollars per share)",
        "label": "Common Stock, Dividends, Per Share, Declared",
        "documentation": "Aggregate dividends declared during the period for each share of common stock outstanding."
       }
      }
     },
     "auth_ref": [
      "r179"
     ]
    },
    "us-gaap_CommonStockMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommonStockMember",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Common Stock [Member]",
        "label": "Common Stock [Member]",
        "documentation": "Stock that is subordinate to all other stock of the issuer."
       }
      }
     },
     "auth_ref": [
      "r929",
      "r930",
      "r931",
      "r933",
      "r934",
      "r935",
      "r936",
      "r975",
      "r976",
      "r1019",
      "r1035",
      "r1037"
     ]
    },
    "us-gaap_CommonStockParOrStatedValuePerShare": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommonStockParOrStatedValuePerShare",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Common stock, par value (in dollars per share)",
        "label": "Common Stock, Par or Stated Value Per Share",
        "documentation": "Face amount or stated value per share of common stock."
       }
      }
     },
     "auth_ref": [
      "r145"
     ]
    },
    "us-gaap_CommonStockSharesAuthorized": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommonStockSharesAuthorized",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Common stock, shares authorized",
        "label": "Common Stock, Shares Authorized",
        "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws."
       }
      }
     },
     "auth_ref": [
      "r145",
      "r809"
     ]
    },
    "us-gaap_CommonStockSharesIssued": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommonStockSharesIssued",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Common stock, shares issued",
        "label": "Common Stock, Shares, Issued",
        "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury."
       }
      }
     },
     "auth_ref": [
      "r145"
     ]
    },
    "us-gaap_CommonStockValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommonStockValue",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_StockholdersEquity",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Common stock, $0.01 par value, 100,000 shares authorized and 46,855 and 46,798 shares issued, respectively",
        "label": "Common Stock, Value, Issued",
        "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity."
       }
      }
     },
     "auth_ref": [
      "r145",
      "r725",
      "r926"
     ]
    },
    "us-gaap_CompensationAndRetirementDisclosureAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CompensationAndRetirementDisclosureAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Retirement Benefits [Abstract]",
        "label": "Retirement Benefits [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ComponentsofIncomeBeforeIncomeTaxesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ComponentsofIncomeBeforeIncomeTaxesAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Components of Income Before Income Taxes [Abstract]",
        "label": "Components of Income Before Income Taxes [Abstract]",
        "documentation": "Components of Income Before Income Taxes [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ComprehensiveIncomeNetOfTax": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ComprehensiveIncomeNetOfTax",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Comprehensive income attributable to Vail Resorts, Inc.",
        "terseLabel": "Comprehensive income",
        "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent",
        "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners."
       }
      }
     },
     "auth_ref": [
      "r52",
      "r278",
      "r280",
      "r289",
      "r715",
      "r739"
     ]
    },
    "us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest",
        "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest",
        "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners."
       }
      }
     },
     "auth_ref": [
      "r12",
      "r114",
      "r118",
      "r278",
      "r280",
      "r288",
      "r714",
      "r738"
     ]
    },
    "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome": {
       "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Comprehensive income",
        "terseLabel": "Total comprehensive income (loss)",
        "label": "Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest",
        "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners."
       }
      }
     },
     "auth_ref": [
      "r118",
      "r190",
      "r278",
      "r280",
      "r287",
      "r713",
      "r737"
     ]
    },
    "mtn_ConcentrationOfCreditRiskPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ConcentrationOfCreditRiskPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Concentration of Credit Risk",
        "label": "Concentration Of Credit Risk [Policy Text Block]",
        "documentation": "The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date."
       }
      }
     },
     "auth_ref": []
    },
    "srt_ConsolidationItemsAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "ConsolidationItemsAxis",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Consolidation Items [Axis]",
        "label": "Consolidation Items [Axis]"
       }
      }
     },
     "auth_ref": [
      "r303",
      "r347",
      "r358",
      "r359",
      "r360",
      "r361",
      "r362",
      "r364",
      "r368",
      "r434",
      "r435",
      "r436",
      "r437",
      "r439",
      "r440",
      "r442",
      "r444",
      "r445",
      "r1002",
      "r1003"
     ]
    },
    "srt_ConsolidationItemsDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "ConsolidationItemsDomain",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Consolidation Items [Domain]",
        "label": "Consolidation Items [Domain]"
       }
      }
     },
     "auth_ref": [
      "r303",
      "r347",
      "r358",
      "r359",
      "r360",
      "r361",
      "r362",
      "r364",
      "r368",
      "r434",
      "r435",
      "r436",
      "r437",
      "r439",
      "r440",
      "r442",
      "r444",
      "r445",
      "r1002",
      "r1003"
     ]
    },
    "us-gaap_ConsolidationPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ConsolidationPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Principles of Consolidation",
        "label": "Consolidation, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary."
       }
      }
     },
     "auth_ref": [
      "r115",
      "r890"
     ]
    },
    "us-gaap_ConstructionInProgressGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ConstructionInProgressGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails": {
       "parentTag": "us-gaap_PropertyPlantAndEquipmentGross",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Construction in progress",
        "label": "Construction in Progress, Gross",
        "documentation": "Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service."
       }
      }
     },
     "auth_ref": [
      "r170"
     ]
    },
    "mtn_ContingentConsiderationFairValueDisclosure": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ContingentConsiderationFairValueDisclosure",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Liabilities, Fair Value Disclosure",
        "label": "Contingent Consideration, Fair Value Disclosure",
        "documentation": "Fair Value of Contingent Consideration Liability"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ContingentConsiderationKeyAssumptionsforValuation": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ContingentConsiderationKeyAssumptionsforValuation",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Contingent Consideration, Key Assumptions for Valuation",
        "label": "Contingent Consideration, Key Assumptions for Valuation",
        "documentation": "The key inputs of the arrangement and market participant assumptions considered when developing the assumptions used to determine the fair value of the arrangement."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ContractBalancesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ContractBalancesAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Contract Balances [Abstract]",
        "label": "Contract Balances [Abstract]",
        "documentation": "Contract Balances [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ContractWithCustomerLiabilityCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ContractWithCustomerLiabilityCurrent",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesContractBalancesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Contract with Customer, Liability, Current",
        "label": "Contract with Customer, Liability, Current",
        "documentation": "Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current."
       }
      }
     },
     "auth_ref": [
      "r484",
      "r485",
      "r495"
     ]
    },
    "us-gaap_ContractWithCustomerLiabilityNoncurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ContractWithCustomerLiabilityNoncurrent",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesContractBalancesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Contract with Customer, Liability, Noncurrent",
        "label": "Contract with Customer, Liability, Noncurrent",
        "documentation": "Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as noncurrent."
       }
      }
     },
     "auth_ref": [
      "r484",
      "r485",
      "r495"
     ]
    },
    "us-gaap_ContractWithCustomerLiabilityRevenueRecognized": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ContractWithCustomerLiabilityRevenueRecognized",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesContractBalancesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Recognition of Deferred Revenue",
        "label": "Contract with Customer, Liability, Revenue Recognized",
        "documentation": "Amount of revenue recognized that was previously included in balance of obligation to transfer good or service to customer for which consideration from customer has been received or is due."
       }
      }
     },
     "auth_ref": [
      "r496"
     ]
    },
    "us-gaap_ConvertibleDebtMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ConvertibleDebtMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Convertible Debt",
        "label": "Convertible Debt [Member]",
        "documentation": "Borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock."
       }
      }
     },
     "auth_ref": [
      "r175",
      "r448",
      "r449",
      "r459",
      "r460",
      "r461",
      "r465",
      "r466",
      "r467",
      "r468",
      "r469",
      "r901",
      "r902",
      "r903",
      "r904",
      "r905"
     ]
    },
    "mtn_ConvertibleDebtPartialRedemptionMinimumRemainingBalance": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ConvertibleDebtPartialRedemptionMinimumRemainingBalance",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Convertible Debt Partial Redemption Minimum Remaining Balance",
        "label": "Convertible Debt Partial Redemption Minimum Remaining Balance",
        "documentation": "Convertible Debt Partial Redemption Minimum Remaining Balance"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ConvertibleNotesPayableMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ConvertibleNotesPayableMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Convertible Notes Payable",
        "label": "Convertible Notes Payable [Member]",
        "documentation": "Written promise to pay a note which can be exchanged for a specified quantity of securities (typically common stock), at the option of the issuer or the holder."
       }
      }
     },
     "auth_ref": [
      "r140",
      "r195"
     ]
    },
    "mtn_CoststoObtainContractswithCustomersAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "CoststoObtainContractswithCustomersAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Costs to Obtain Contracts with Customers [Abstract]",
        "label": "Costs to Obtain Contracts with Customers [Abstract]",
        "documentation": "Costs to Obtain Contracts with Customers [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_CransMontanaMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "CransMontanaMember",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/AcquisitionsTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Crans-Montana",
        "label": "Crans-Montana [Member]",
        "documentation": "Crans-Montana"
       }
      }
     },
     "auth_ref": []
    },
    "srt_CumulativeEffectPeriodOfAdoptionAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "CumulativeEffectPeriodOfAdoptionAxis",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cumulative Effect, Period of Adoption [Axis]",
        "label": "Cumulative Effect, Period of Adoption [Axis]"
       }
      }
     },
     "auth_ref": [
      "r247",
      "r307",
      "r317",
      "r323",
      "r386",
      "r394",
      "r546",
      "r547",
      "r548",
      "r580",
      "r581",
      "r611",
      "r613",
      "r614",
      "r616",
      "r618",
      "r619",
      "r624",
      "r627",
      "r630",
      "r631",
      "r693"
     ]
    },
    "srt_CumulativeEffectPeriodOfAdoptionDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "CumulativeEffectPeriodOfAdoptionDomain",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cumulative Effect, Period of Adoption [Domain]",
        "label": "Cumulative Effect, Period of Adoption [Domain]"
       }
      }
     },
     "auth_ref": [
      "r247",
      "r307",
      "r317",
      "r323",
      "r386",
      "r394",
      "r546",
      "r547",
      "r548",
      "r580",
      "r581",
      "r611",
      "r613",
      "r614",
      "r616",
      "r618",
      "r619",
      "r624",
      "r627",
      "r630",
      "r631",
      "r693"
     ]
    },
    "srt_CurrencyAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "CurrencyAxis",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Currency [Axis]",
        "label": "Currency [Axis]"
       }
      }
     },
     "auth_ref": [
      "r1021"
     ]
    },
    "us-gaap_CurrentFederalTaxExpenseBenefit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CurrentFederalTaxExpenseBenefit",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails": {
       "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Current federal",
        "label": "Current Federal Tax Expense (Benefit)",
        "documentation": "Amount of current federal tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, current national tax expense (benefit) for non-US (United States of America) jurisdiction."
       }
      }
     },
     "auth_ref": [
      "r960",
      "r973",
      "r1014"
     ]
    },
    "dei_CurrentFiscalYearEndDate": {
     "xbrltype": "gMonthDayItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CurrentFiscalYearEndDate",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Current Fiscal Year End Date",
        "label": "Current Fiscal Year End Date",
        "documentation": "End date of current fiscal year in the format --MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_CurrentForeignTaxExpenseBenefit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CurrentForeignTaxExpenseBenefit",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails": {
       "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Current Foreign Tax Expense (Benefit)",
        "label": "Current Foreign Tax Expense (Benefit)",
        "documentation": "Amount of current foreign income tax expense (benefit) pertaining to income (loss) from continuing operations."
       }
      }
     },
     "auth_ref": [
      "r960",
      "r973"
     ]
    },
    "us-gaap_CurrentIncomeTaxExpenseBenefit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CurrentIncomeTaxExpenseBenefit",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails": {
       "parentTag": "us-gaap_IncomeTaxExpenseBenefit",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Total current",
        "label": "Current Income Tax Expense (Benefit)",
        "documentation": "Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations."
       }
      }
     },
     "auth_ref": [
      "r187",
      "r576",
      "r588",
      "r973"
     ]
    },
    "mtn_CurrentOperatingLeaseLiability": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "CurrentOperatingLeaseLiability",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails": {
       "parentTag": "mtn_AccountsPayableAccruedLiabilities",
       "weight": 1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Current operating lease liability",
        "label": "Current operating lease liability",
        "documentation": "Current operating lease liability"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_CurrentStateAndLocalTaxExpenseBenefit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CurrentStateAndLocalTaxExpenseBenefit",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails": {
       "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Current state",
        "label": "Current State and Local Tax Expense (Benefit)",
        "documentation": "Amount of current state and local tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, current regional, territorial, and provincial tax expense (benefit) for non-US (United States of America) jurisdiction."
       }
      }
     },
     "auth_ref": [
      "r960",
      "r973",
      "r1014"
     ]
    },
    "us-gaap_DebtDisclosureAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtDisclosureAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Disclosure [Abstract]",
        "label": "Debt Disclosure [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DebtDisclosureTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtDisclosureTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebt"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Long-Term Debt",
        "label": "Debt Disclosure [Text Block]",
        "documentation": "The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants."
       }
      }
     },
     "auth_ref": [
      "r173",
      "r299",
      "r447",
      "r453",
      "r454",
      "r455",
      "r456",
      "r457",
      "r458",
      "r463",
      "r470",
      "r471",
      "r473"
     ]
    },
    "us-gaap_DebtInstrumentAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentAxis",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument [Axis]",
        "label": "Debt Instrument [Axis]",
        "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities."
       }
      }
     },
     "auth_ref": [
      "r36",
      "r140",
      "r141",
      "r195",
      "r198",
      "r303",
      "r448",
      "r449",
      "r450",
      "r451",
      "r452",
      "r454",
      "r459",
      "r460",
      "r461",
      "r462",
      "r464",
      "r465",
      "r466",
      "r467",
      "r468",
      "r469",
      "r668",
      "r901",
      "r902",
      "r903",
      "r904",
      "r905",
      "r971"
     ]
    },
    "us-gaap_DebtInstrumentBasisSpreadOnVariableRate1": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentBasisSpreadOnVariableRate1",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Basis spread on LIBOR rate",
        "label": "Debt Instrument, Basis Spread on Variable Rate",
        "documentation": "Percentage points added to the reference rate to compute the variable rate on the debt instrument."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_DebtInstrumentByTrancheAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DebtInstrumentByTrancheAxis",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, By Tranche [Axis]",
        "label": "Debt Instrument, By Tranche [Axis]",
        "documentation": "Debt Instrument, By Tranche"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Convertible, Carrying Amount of Equity Component",
        "label": "Debt Instrument, Convertible, Carrying Amount of Equity Component",
        "documentation": "The carrying amount of the equity component of convertible debt which may be settled in cash upon conversion."
       }
      }
     },
     "auth_ref": [
      "r85"
     ]
    },
    "us-gaap_DebtInstrumentConvertibleConversionPrice1": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentConvertibleConversionPrice1",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Convertible, Conversion Price",
        "label": "Debt Instrument, Convertible, Conversion Price",
        "documentation": "The price per share of the conversion feature embedded in the debt instrument."
       }
      }
     },
     "auth_ref": [
      "r176",
      "r450"
     ]
    },
    "mtn_DebtInstrumentConvertibleMeasurementPeriod": {
     "xbrltype": "integerItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DebtInstrumentConvertibleMeasurementPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Convertible",
        "label": "Debt Instrument, Convertible, Measurement Period",
        "documentation": "Debt Instrument, Convertible, Measurement Period"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DebtInstrumentConvertibleThresholdConsecutiveTradingDays1": {
     "xbrltype": "integerItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentConvertibleThresholdConsecutiveTradingDays1",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Convertible, Threshold Consecutive Trading Days",
        "label": "Debt Instrument, Convertible, Threshold Consecutive Trading Days",
        "documentation": "Threshold period of specified consecutive trading days within which common stock price to conversion price of convertible debt instrument must exceed threshold percentage for specified number of trading days to trigger conversion feature."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger",
        "label": "Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger",
        "documentation": "Minimum percentage of common stock price to conversion price of convertible debt instruments to determine eligibility of conversion."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1": {
     "xbrltype": "percentItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument Convertible Threshold Percentage of Stock Price Trigger 1",
        "label": "Debt Instrument Convertible Threshold Percentage of Stock Price Trigger 1",
        "documentation": "Debt Instrument Convertible Threshold Percentage of Stock Price Trigger 1"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DebtInstrumentConvertibleThresholdTradingDays": {
     "xbrltype": "integerItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentConvertibleThresholdTradingDays",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Convertible, Threshold Trading Days",
        "label": "Debt Instrument, Convertible, Threshold Trading Days",
        "documentation": "Threshold number of specified trading days that common stock price to conversion price of convertible debt instruments must exceed threshold percentage within a specified consecutive trading period to trigger conversion feature."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DebtInstrumentDescriptionOfVariableRateBasis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentDescriptionOfVariableRateBasis",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Reference for interest rate determination",
        "label": "Debt Instrument, Description of Variable Rate Basis",
        "documentation": "Description of reference rate used for variable rate of debt instrument."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DebtInstrumentFaceAmount": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentFaceAmount",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Face Amount",
        "label": "Debt Instrument, Face Amount",
        "documentation": "Face (par) amount of debt instrument at time of issuance."
       }
      }
     },
     "auth_ref": [
      "r128",
      "r131",
      "r448",
      "r668",
      "r902",
      "r903"
     ]
    },
    "us-gaap_DebtInstrumentFairValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentFairValue",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Fair Value Disclosure",
        "label": "Debt Instrument, Fair Value Disclosure",
        "documentation": "Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable."
       }
      }
     },
     "auth_ref": [
      "r461",
      "r643",
      "r902",
      "r903"
     ]
    },
    "us-gaap_DebtInstrumentInterestRateDuringPeriod": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentInterestRateDuringPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Long term debt interest rate",
        "label": "Debt Instrument, Interest Rate During Period",
        "documentation": "The average effective interest rate during the reporting period."
       }
      }
     },
     "auth_ref": [
      "r44",
      "r128",
      "r466"
     ]
    },
    "us-gaap_DebtInstrumentInterestRateEffectivePercentage": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentInterestRateEffectivePercentage",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease Obligation, Interest Rate",
        "label": "Debt Instrument, Interest Rate, Effective Percentage",
        "documentation": "Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium."
       }
      }
     },
     "auth_ref": [
      "r44",
      "r128",
      "r476",
      "r668"
     ]
    },
    "us-gaap_DebtInstrumentInterestRateStatedPercentage": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentInterestRateStatedPercentage",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Interest Rate, Stated Percentage",
        "label": "Debt Instrument, Interest Rate, Stated Percentage",
        "documentation": "Contractual interest rate for funds borrowed, under the debt agreement."
       }
      }
     },
     "auth_ref": [
      "r44",
      "r449"
     ]
    },
    "us-gaap_DebtInstrumentNameDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentNameDomain",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Name [Domain]",
        "label": "Debt Instrument, Name [Domain]",
        "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities."
       }
      }
     },
     "auth_ref": [
      "r46",
      "r303",
      "r448",
      "r449",
      "r450",
      "r451",
      "r452",
      "r454",
      "r459",
      "r460",
      "r461",
      "r462",
      "r464",
      "r465",
      "r466",
      "r467",
      "r468",
      "r469",
      "r668",
      "r901",
      "r902",
      "r903",
      "r904",
      "r905",
      "r971"
     ]
    },
    "us-gaap_DebtInstrumentPeriodicPayment": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentPeriodicPayment",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Periodic Payment",
        "label": "Debt Instrument, Periodic Payment",
        "documentation": "Amount of the required periodic payments including both interest and principal payments."
       }
      }
     },
     "auth_ref": [
      "r46",
      "r137"
     ]
    },
    "us-gaap_DebtInstrumentTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentTable",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Long-term Debt Instruments [Table]",
        "label": "Schedule of Long-Term Debt Instruments [Table]",
        "documentation": "A table or schedule providing information pertaining to long-term debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer."
       }
      }
     },
     "auth_ref": [
      "r46",
      "r86",
      "r87",
      "r127",
      "r128",
      "r131",
      "r136",
      "r177",
      "r178",
      "r303",
      "r448",
      "r449",
      "r450",
      "r451",
      "r452",
      "r454",
      "r459",
      "r460",
      "r461",
      "r462",
      "r464",
      "r465",
      "r466",
      "r467",
      "r468",
      "r469",
      "r472",
      "r668",
      "r901",
      "r902",
      "r903",
      "r904",
      "r905",
      "r971"
     ]
    },
    "us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net",
        "label": "Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net",
        "documentation": "Amount of unamortized debt discount (premium) and debt issuance costs."
       }
      }
     },
     "auth_ref": [
      "r129",
      "r459",
      "r474",
      "r902",
      "r903"
     ]
    },
    "us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentUnamortizedDiscountPremiumNet",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Unamortized Discount (Premium), Net",
        "label": "Debt Instrument, Unamortized Discount (Premium), Net",
        "documentation": "Amount, after accumulated amortization, of debt discount (premium)."
       }
      }
     },
     "auth_ref": [
      "r127",
      "r128",
      "r129",
      "r130",
      "r131",
      "r1005"
     ]
    },
    "us-gaap_DebtInstrumentUnusedBorrowingCapacityFee": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DebtInstrumentUnusedBorrowingCapacityFee",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Debt Instrument, Unused Borrowing Capacity, Fee",
        "label": "Debt Instrument, Unused Borrowing Capacity, Fee",
        "documentation": "Amount of commitment fees for the unused borrowing capacity under the long-term financing arrangement that is available to the entity."
       }
      }
     },
     "auth_ref": [
      "r45"
     ]
    },
    "mtn_DebtInstrumentYearofMaturity": {
     "xbrltype": "gYearItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DebtInstrumentYearofMaturity",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Fiscal year maturity",
        "label": "Debt Instrument, Year of Maturity",
        "documentation": "Debt Instrument, Year of Maturity"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DeferredChargesPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredChargesPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Financing Costs",
        "label": "Deferred Charges, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for deferral and amortization of significant deferred charges."
       }
      }
     },
     "auth_ref": [
      "r261"
     ]
    },
    "us-gaap_DeferredFederalIncomeTaxExpenseBenefit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredFederalIncomeTaxExpenseBenefit",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails": {
       "parentTag": "us-gaap_DeferredIncomeTaxExpenseBenefit",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred federal",
        "label": "Deferred Federal Income Tax Expense (Benefit)",
        "documentation": "Amount of deferred federal tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, deferred national tax expense (benefit) for non-US (United States of America) jurisdiction."
       }
      }
     },
     "auth_ref": [
      "r973",
      "r1013",
      "r1014"
     ]
    },
    "us-gaap_DeferredForeignIncomeTaxExpenseBenefit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredForeignIncomeTaxExpenseBenefit",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails": {
       "parentTag": "us-gaap_DeferredIncomeTaxExpenseBenefit",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Foreign Income Tax Expense (Benefit)",
        "label": "Deferred Foreign Income Tax Expense (Benefit)",
        "documentation": "Amount of deferred foreign income tax expense (benefit) pertaining to income (loss) from continuing operations."
       }
      }
     },
     "auth_ref": [
      "r187",
      "r973",
      "r1013"
     ]
    },
    "us-gaap_DeferredIncomeTaxAssetsNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredIncomeTaxAssetsNet",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxLiabilities",
       "weight": -1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Tax Assets, Net of Valuation Allowance, Noncurrent",
        "label": "Deferred Income Tax Assets, Net",
        "documentation": "Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, with jurisdictional netting."
       }
      }
     },
     "auth_ref": [
      "r559",
      "r560"
     ]
    },
    "us-gaap_DeferredIncomeTaxExpenseBenefit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredIncomeTaxExpenseBenefit",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails": {
       "parentTag": "us-gaap_IncomeTaxExpenseBenefit",
       "weight": 1.0,
       "order": 2.0
      },
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred income taxes, net",
        "totalLabel": "Deferred Income Tax Expense (Benefit)",
        "label": "Deferred Income Tax Expense (Benefit)",
        "documentation": "Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations."
       }
      }
     },
     "auth_ref": [
      "r15",
      "r187",
      "r221",
      "r587",
      "r588",
      "r973"
     ]
    },
    "us-gaap_DeferredIncomeTaxLiabilities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredIncomeTaxLiabilities",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxLiabilities",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Deferred Tax Liabilities, Gross",
        "label": "Deferred Tax Liabilities, Gross",
        "documentation": "Amount of deferred tax liability attributable to taxable temporary differences."
       }
      }
     },
     "auth_ref": [
      "r142",
      "r143",
      "r197",
      "r570"
     ]
    },
    "us-gaap_DeferredIncomeTaxLiabilitiesNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredIncomeTaxLiabilitiesNet",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxLiabilities",
       "weight": 1.0,
       "order": 2.0
      },
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred income taxes, net (Note 10)",
        "verboseLabel": "Deferred Tax Liabilities, Net, Noncurrent",
        "label": "Deferred Income Tax Liabilities, Net",
        "documentation": "Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences with jurisdictional netting."
       }
      }
     },
     "auth_ref": [
      "r559",
      "r560",
      "r721"
     ]
    },
    "us-gaap_DeferredRevenueCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredRevenueCurrent",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails": {
       "parentTag": "mtn_AccountsPayableAccruedLiabilities",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Revenue, Current",
        "label": "Deferred Revenue, Current",
        "documentation": "Amount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable, classified as current."
       }
      }
     },
     "auth_ref": [
      "r962"
     ]
    },
    "us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredStateAndLocalIncomeTaxExpenseBenefit",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails": {
       "parentTag": "us-gaap_DeferredIncomeTaxExpenseBenefit",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred state",
        "label": "Deferred State and Local Income Tax Expense (Benefit)",
        "documentation": "Amount of deferred state and local tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, deferred regional, territorial, and provincial tax expense (benefit) for non-US (United States of America) jurisdiction."
       }
      }
     },
     "auth_ref": [
      "r973",
      "r1013",
      "r1014"
     ]
    },
    "mtn_DeferredTaxAssetCanyonsObligation": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DeferredTaxAssetCanyonsObligation",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxAssetsGross",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Tax Asset, Talisker Canyons Obligation",
        "label": "Deferred Tax Asset, Canyons Obligation",
        "documentation": "Deferred Tax Asset related to Talisker Canyons Obligation"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DeferredTaxAssetsGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxAssetsGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxAssetsNet",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails",
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Tax Assets, Gross",
        "totalLabel": "Total",
        "label": "Deferred Tax Assets, Gross",
        "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards."
       }
      }
     },
     "auth_ref": [
      "r571"
     ]
    },
    "us-gaap_DeferredTaxAssetsInvestments": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxAssetsInvestments",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxAssetsGross",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Tax Assets, Investments",
        "label": "Deferred Tax Assets, Investments",
        "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from investments (excludes investments in subsidiaries and equity method investments)."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DeferredTaxAssetsNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxAssetsNet",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxLiabilities",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Deferred income tax assets, net of valuation allowance",
        "label": "Deferred Tax Assets, Net of Valuation Allowance",
        "documentation": "Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards."
       }
      }
     },
     "auth_ref": [
      "r1011"
     ]
    },
    "mtn_DeferredTaxAssetsOperatingLeaseLiabilities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DeferredTaxAssetsOperatingLeaseLiabilities",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxAssetsGross",
       "weight": 1.0,
       "order": 7.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Tax Assets, Operating Lease Liabilities",
        "label": "Deferred Tax Assets, Operating Lease Liabilities",
        "documentation": "Deferred Tax Assets, Operating Lease Liabilities"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DeferredTaxAssetsOperatingLossCarryforwards": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxAssetsOperatingLossCarryforwards",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxAssetsGross",
       "weight": 1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Net operating loss carryforwards other tax credits",
        "label": "Deferred Tax Assets, Operating Loss Carryforwards",
        "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards."
       }
      }
     },
     "auth_ref": [
      "r102",
      "r1012"
     ]
    },
    "us-gaap_DeferredTaxAssetsOther": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxAssetsOther",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxAssetsGross",
       "weight": 1.0,
       "order": 8.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other, net",
        "label": "Deferred Tax Assets, Other",
        "documentation": "Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other."
       }
      }
     },
     "auth_ref": [
      "r102",
      "r1012"
     ]
    },
    "us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxAssetsGross",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Deferred compensation and other accrued benefits",
        "label": "Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits",
        "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from compensation and benefits costs."
       }
      }
     },
     "auth_ref": [
      "r102",
      "r1012"
     ]
    },
    "us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxAssetsGross",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock-based compensation",
        "label": "Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost",
        "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation."
       }
      }
     },
     "auth_ref": [
      "r102",
      "r1012"
     ]
    },
    "us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxAssetsGross",
       "weight": 1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Contingencies",
        "label": "Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Contingencies",
        "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from contingent liabilities."
       }
      }
     },
     "auth_ref": [
      "r102",
      "r1012"
     ]
    },
    "us-gaap_DeferredTaxAssetsValuationAllowance": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxAssetsValuationAllowance",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredTaxAssetsNet",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails",
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Tax Assets, Valuation Allowance",
        "negatedLabel": "Valuation allowance for deferred income taxes",
        "label": "Deferred Tax Assets, Valuation Allowance",
        "documentation": "Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized."
       }
      }
     },
     "auth_ref": [
      "r572"
     ]
    },
    "us-gaap_DeferredTaxLiabilities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxLiabilities",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      },
      "http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails",
      "http://www.vailresorts.com/role/IncomeTaxesPresentationofNetDeferredTaxLiabilitiesandAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Deferred Tax Liabilities, Net",
        "label": "Deferred Tax Liabilities, Net",
        "documentation": "Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting."
       }
      }
     },
     "auth_ref": [
      "r100",
      "r1011"
     ]
    },
    "us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredIncomeTaxLiabilities",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Intangible assets",
        "label": "Deferred Tax Liabilities, Intangible Assets",
        "documentation": "Amount of deferred tax liability attributable to taxable temporary differences from intangible assets other than goodwill."
       }
      }
     },
     "auth_ref": [
      "r102",
      "r1012"
     ]
    },
    "us-gaap_DeferredTaxLiabilitiesLeasingArrangements": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxLiabilitiesLeasingArrangements",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredIncomeTaxLiabilities",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Tax Liabilities, Leasing Arrangements",
        "label": "Deferred Tax Liabilities, Leasing Arrangements",
        "documentation": "Amount of deferred tax liability attributable to taxable temporary differences from leasing arrangements."
       }
      }
     },
     "auth_ref": [
      "r102",
      "r1012"
     ]
    },
    "us-gaap_DeferredTaxLiabilitiesOther": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxLiabilitiesOther",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredIncomeTaxLiabilities",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred Tax Liabilities, Other",
        "label": "Deferred Tax Liabilities, Other",
        "documentation": "Amount of deferred tax liability attributable to taxable temporary differences classified as other."
       }
      }
     },
     "auth_ref": [
      "r102",
      "r1012"
     ]
    },
    "us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DeferredTaxLiabilitiesPropertyPlantAndEquipment",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails": {
       "parentTag": "us-gaap_DeferredIncomeTaxLiabilities",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfDeferredTaxLiabilitiesAndAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Fixed assets",
        "label": "Deferred Tax Liabilities, Property, Plant and Equipment",
        "documentation": "Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment."
       }
      }
     },
     "auth_ref": [
      "r102",
      "r1012"
     ]
    },
    "us-gaap_DefinedContributionPlanCostRecognized": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DefinedContributionPlanCostRecognized",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Retirement plan expense",
        "label": "Defined Contribution Plan, Cost",
        "documentation": "Amount of cost for defined contribution plan."
       }
      }
     },
     "auth_ref": [
      "r505"
     ]
    },
    "mtn_DefinedContributionPlanEmployeeContributionPercentage": {
     "xbrltype": "percentItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DefinedContributionPlanEmployeeContributionPercentage",
     "presentation": [
      "http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Employee contribution percentage",
        "label": "Defined Contribution Plan Employee Contribution Percentage",
        "documentation": "Defined Contribution Plan, Maximum Employee Contribution Percentage"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_DefinedContributionPlanEmployerContributionPercentage": {
     "xbrltype": "percentItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DefinedContributionPlanEmployerContributionPercentage",
     "presentation": [
      "http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Employer contribution matching equal to 50%",
        "label": "Defined Contribution Plan Employer Contribution Percentage",
        "documentation": "Defined Contribution Plan, Maximum Employer Contribution Percentage"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DefinedContributionPlanEmployerMatchingContributionPercent",
     "presentation": [
      "http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Company match amount equal to participant's contribution",
        "label": "Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay",
        "documentation": "Percentage of employees' gross pay for which the employer contributes a matching contribution to a defined contribution plan."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths": {
     "xbrltype": "durationItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths",
     "presentation": [
      "http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Employment period (in months)",
        "label": "Defined Contribution Plan Individual Requisite Employment Period In Months",
        "documentation": "Requisite Employment Period in Months to be eligible for the Company's matching contributions if 1,000 service hours are worked."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_DefinedContributionPlanIndividualRequisiteServicePeriodInHours": {
     "xbrltype": "positiveIntegerItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DefinedContributionPlanIndividualRequisiteServicePeriodInHours",
     "presentation": [
      "http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Service period (in hours)",
        "label": "Defined Contribution Plan Individual Requisite Service Period In Hours",
        "documentation": "Requisite Employment Period in Hours within a consecutive 12 month period to be eligible for the Company's matching contributions."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours": {
     "xbrltype": "positiveIntegerItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours",
     "presentation": [
      "http://www.vailresorts.com/role/RetirementandProfitSharingPlansDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Total service period (in hours)",
        "label": "Defined ContributionPlan Individual Requisite Total Service Period In Hours",
        "documentation": "Requisite Employment Period in Hours to be eligible for the Company's matching contributions."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_Deposits": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "Deposits",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails": {
       "parentTag": "mtn_AccountsPayableAccruedLiabilities",
       "weight": 1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deposits",
        "label": "Deposits",
        "documentation": "The aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others."
       }
      }
     },
     "auth_ref": [
      "r133"
     ]
    },
    "us-gaap_Depreciation": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "Depreciation",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Depreciation expense",
        "terseLabel": "Depreciation",
        "label": "Depreciation",
        "documentation": "The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation."
       }
      }
     },
     "auth_ref": [
      "r15",
      "r81"
     ]
    },
    "us-gaap_DepreciationAndAmortization": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DepreciationAndAmortization",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0,
       "order": 2.0
      },
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_OperatingIncomeLoss",
       "weight": -1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Depreciation and amortization",
        "terseLabel": "Depreciation and amortization",
        "label": "Depreciation, Depletion and Amortization, Nonproduction",
        "documentation": "The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production."
       }
      }
     },
     "auth_ref": [
      "r15",
      "r81"
     ]
    },
    "us-gaap_DerivativeFixedInterestRate": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DerivativeFixedInterestRate",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Derivative, Fixed Interest Rate",
        "label": "Derivative, Fixed Interest Rate",
        "documentation": "Fixed interest rate related to the interest rate derivative."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Derivative Instruments and Hedging Activities Disclosure [Text Block]",
        "label": "Derivative Instruments and Hedging Activities Disclosure [Text Block]",
        "documentation": "The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts."
       }
      }
     },
     "auth_ref": [
      "r192",
      "r607",
      "r620"
     ]
    },
    "mtn_DescriptionofPercentageRent": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DescriptionofPercentageRent",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Leases, Rent Expense, Contingent Rentals",
        "label": "Description of Percentage Rent",
        "documentation": "Description of Percentage Rent"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_DiningMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DiningMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Dining",
        "label": "Dining [Member]",
        "documentation": "Dining [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DisaggregationOfRevenueLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DisaggregationOfRevenueLineItems",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Disaggregation of Revenue [Line Items]",
        "label": "Disaggregation of Revenue [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": [
      "r494",
      "r907",
      "r908",
      "r909",
      "r910",
      "r911",
      "r912",
      "r913"
     ]
    },
    "us-gaap_DisaggregationOfRevenueTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DisaggregationOfRevenueTable",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Disaggregation of Revenue [Table]",
        "label": "Disaggregation of Revenue [Table]",
        "documentation": "Disclosure of information about disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor."
       }
      }
     },
     "auth_ref": [
      "r494",
      "r907",
      "r908",
      "r909",
      "r910",
      "r911",
      "r912",
      "r913"
     ]
    },
    "us-gaap_DisaggregationOfRevenueTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DisaggregationOfRevenueTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Disaggregation of Revenue [Table Text Block]",
        "label": "Disaggregation of Revenue [Table Text Block]",
        "documentation": "Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor."
       }
      }
     },
     "auth_ref": [
      "r1007"
     ]
    },
    "us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlan"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Stock Compensation Plan",
        "label": "Share-Based Payment Arrangement [Text Block]",
        "documentation": "The entire disclosure for share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r508",
      "r511",
      "r542",
      "r543",
      "r545",
      "r920"
     ]
    },
    "us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Payment Arrangement [Abstract]",
        "label": "Share-Based Payment Arrangement [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DividendDeclaredMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DividendDeclaredMember",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Dividend Declared",
        "label": "Dividend Declared [Member]",
        "documentation": "Distribution of earnings in the form of cash, property or capital stock declared by the board of directors to be distributed to shareholders."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DividendPayableDateToBePaidDayMonthAndYear": {
     "xbrltype": "dateItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DividendPayableDateToBePaidDayMonthAndYear",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Dividends Payable, Date to be Paid",
        "label": "Dividends Payable, Date to be Paid",
        "documentation": "Date the declared dividend will be paid, in YYYY-MM-DD format."
       }
      }
     },
     "auth_ref": [
      "r62"
     ]
    },
    "us-gaap_DividendsAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DividendsAxis",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Dividends [Axis]",
        "label": "Dividends [Axis]",
        "documentation": "Information about distribution of earnings to shareholders including, but not limited to, cash, property or capital stock."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DividendsCommonStock": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DividendsCommonStock",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Dividends (Note 5)",
        "label": "Dividends, Common Stock",
        "documentation": "Amount of paid and unpaid common stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK)."
       }
      }
     },
     "auth_ref": [
      "r11",
      "r179"
     ]
    },
    "us-gaap_DividendsDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DividendsDomain",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Dividends [Domain]",
        "label": "Dividends [Domain]",
        "documentation": "Distributions of earnings to shareholders including but not limited to cash, property or capital stock."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_DividendsPayableDateOfRecordDayMonthAndYear": {
     "xbrltype": "dateItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "DividendsPayableDateOfRecordDayMonthAndYear",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Dividends Payable, Date of Record",
        "label": "Dividends Payable, Date of Record",
        "documentation": "Date the holder must own the stock to be entitled to the dividend, in YYYY-MM-DD format."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_DocumentAndEntityInformationAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DocumentAndEntityInformationAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document And Entity Information [Abstract]",
        "label": "Document And Entity Information [Abstract]",
        "documentation": "Document And Entity Information [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentAnnualReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentAnnualReport",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Annual Report",
        "label": "Document Annual Report",
        "documentation": "Boolean flag that is true only for a form used as an annual report."
       }
      }
     },
     "auth_ref": [
      "r943",
      "r944",
      "r945"
     ]
    },
    "dei_DocumentFinStmtErrorCorrectionFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentFinStmtErrorCorrectionFlag",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Financial Statement Error Correction [Flag]",
        "label": "Document Financial Statement Error Correction [Flag]",
        "documentation": "Indicates whether any of the financial statement period in the filing include a restatement due to error correction."
       }
      }
     },
     "auth_ref": [
      "r943",
      "r944",
      "r945",
      "r947"
     ]
    },
    "dei_DocumentFiscalPeriodFocus": {
     "xbrltype": "fiscalPeriodItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentFiscalPeriodFocus",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Fiscal Period Focus",
        "label": "Document Fiscal Period Focus",
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentFiscalYearFocus": {
     "xbrltype": "gYearItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentFiscalYearFocus",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Fiscal Year Focus",
        "label": "Document Fiscal Year Focus",
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentInformationLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentInformationLineItems",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Information [Line Items]",
        "label": "Document Information [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentInformationTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentInformationTable",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Information [Table]",
        "label": "Document Information [Table]",
        "documentation": "Container to support the formal attachment of each official or unofficial, public or private document as part of a submission package."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodEndDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentPeriodEndDate",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Period End Date",
        "label": "Document Period End Date",
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentTransitionReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentTransitionReport",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Transition Report",
        "label": "Document Transition Report",
        "documentation": "Boolean flag that is true only for a form used as a transition report."
       }
      }
     },
     "auth_ref": [
      "r946"
     ]
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentType",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Type",
        "label": "Document Type",
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_DoubletreeBreckenridgeMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "DoubletreeBreckenridgeMember",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Doubletree Breckenridge",
        "label": "Doubletree Breckenridge [Member]",
        "documentation": "Doubletree Breckenridge"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_EPRAdditionalInterestRate": {
     "xbrltype": "percentItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "EPRAdditionalInterestRate",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "EPR Additional Interest Rate",
        "label": "EPR Additional Interest Rate",
        "documentation": "EPR Additional Interest Rate"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_EPRSecuredNotesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "EPRSecuredNotesMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "EPR Secured Notes [Member]",
        "label": "EPR Secured Notes [Member]",
        "documentation": "EPR Secured Notes [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_EarningBeforeInterestTaxesDepreciationAndAmortization": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "EarningBeforeInterestTaxesDepreciationAndAmortization",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Total Reported EBITDA",
        "label": "Earning Before Interest Taxes Depreciation and Amortization",
        "documentation": "Earning Before Interest Taxes Depreciation and Amortization for the Segment presented."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_EarningsPerShareAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EarningsPerShareAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Per share amounts (Note 5):",
        "label": "Earnings Per Share [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_EarningsPerShareBasic": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EarningsPerShareBasic",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Basic net income per share attributable to Vail Resorts, Inc.",
        "label": "Earnings Per Share, Basic",
        "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period."
       }
      }
     },
     "auth_ref": [
      "r290",
      "r315",
      "r316",
      "r317",
      "r318",
      "r319",
      "r326",
      "r328",
      "r331",
      "r332",
      "r333",
      "r337",
      "r631",
      "r632",
      "r716",
      "r740",
      "r893"
     ]
    },
    "us-gaap_EarningsPerShareDiluted": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EarningsPerShareDiluted",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Diluted net income per share attributable to Vail Resorts, Inc.",
        "label": "Earnings Per Share, Diluted",
        "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period."
       }
      }
     },
     "auth_ref": [
      "r290",
      "r315",
      "r316",
      "r317",
      "r318",
      "r319",
      "r328",
      "r331",
      "r332",
      "r333",
      "r337",
      "r631",
      "r632",
      "r716",
      "r740",
      "r893"
     ]
    },
    "us-gaap_EarningsPerShareReconciliationAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EarningsPerShareReconciliationAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Earnings Per Share Reconciliation [Abstract]",
        "label": "Earnings Per Share Reconciliation [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_EarningsPerShareTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EarningsPerShareTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShare"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Net Income Per Common Share",
        "label": "Earnings Per Share [Text Block]",
        "documentation": "The entire disclosure for earnings per share."
       }
      }
     },
     "auth_ref": [
      "r325",
      "r334",
      "r335",
      "r336"
     ]
    },
    "us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Effect of exchange rate changes on cash, cash equivalents and restricted cash",
        "label": "Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations",
        "documentation": "Amount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies. Excludes amounts for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates."
       }
      }
     },
     "auth_ref": [
      "r657"
     ]
    },
    "us-gaap_EffectiveIncomeTaxRateContinuingOperations": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EffectiveIncomeTaxRateContinuingOperations",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Effective tax rate",
        "label": "Effective Income Tax Rate Reconciliation, Percent",
        "documentation": "Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations."
       }
      }
     },
     "auth_ref": [
      "r562"
     ]
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails": {
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "At U.S. federal income tax rate",
        "label": "Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent",
        "documentation": "Percentage of domestic federal statutory tax rate applicable to pretax income (loss)."
       }
      }
     },
     "auth_ref": [
      "r302",
      "r562",
      "r590"
     ]
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails": {
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": 1.0,
       "order": 7.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Foreign taxes",
        "label": "Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent",
        "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile."
       }
      }
     },
     "auth_ref": [
      "r1010",
      "r1015"
     ]
    },
    "mtn_EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment": {
     "xbrltype": "percentItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails": {
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": 1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Foreign partnership basis adjustment",
        "label": "Effective Income Tax Rate Reconciliation, Foreign Partnership Basis Adjustment",
        "documentation": "Effective Income Tax Rate Reconciliation, Foreign Partnership Basis Adjustment"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails": {
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": -1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Noncontrolling interests",
        "label": "Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Percent",
        "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to noncontrolling interest income (loss) exempt from income taxes."
       }
      }
     },
     "auth_ref": [
      "r1010",
      "r1015"
     ]
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EffectiveIncomeTaxRateReconciliationOtherAdjustments",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails": {
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": 1.0,
       "order": 8.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other",
        "label": "Effective Income Tax Rate Reconciliation, Other Adjustments, Percent",
        "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments."
       }
      }
     },
     "auth_ref": [
      "r1010",
      "r1015"
     ]
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails": {
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock-based compensation",
        "label": "Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-Based Payment Arrangement, Percent",
        "documentation": "Percentage of difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying domestic federal statutory income tax rate to pretax income (loss) from continuing operation, attributable to expense for award under share-based payment arrangement. Excludes expense determined to be nondeductible upon grant or after for award under share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r953",
      "r1010"
     ]
    },
    "us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails": {
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "State income tax, net of federal benefit",
        "label": "Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent",
        "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit)."
       }
      }
     },
     "auth_ref": [
      "r1010",
      "r1015"
     ]
    },
    "mtn_EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions": {
     "xbrltype": "percentItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions",
     "calculation": {
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails": {
       "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations",
       "weight": -1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfEffectiveIncomeTaxRateAndEffectiveRateFromContinuingOperationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Change in uncertain tax positions",
        "label": "Effective Income Tax Rate Reconciliation, Uncertain Tax Provisions",
        "documentation": "Effective Income Tax Rate Reconciliation, Uncertain Tax Provisions"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_EmployeeHousingBondsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "EmployeeHousingBondsMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Employee Housing Bonds [Member]",
        "label": "Employee Housing Bonds [Member]",
        "documentation": "Employee Housing Bonds [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Total unrecognized compensation expense",
        "label": "Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount",
        "documentation": "Amount of cost not yet recognized for nonvested award under share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r544"
     ]
    },
    "us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails": {
       "parentTag": "us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax",
       "weight": -1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Less: benefit for income taxes",
        "label": "Share-Based Payment Arrangement, Expense, Tax Benefit",
        "documentation": "Amount of tax benefit for recognition of expense of award under share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r541"
     ]
    },
    "us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Payment Arrangement, Exercise of Option, Tax Benefit",
        "label": "Share-Based Payment Arrangement, Exercise of Option, Tax Benefit",
        "documentation": "Amount of tax benefit from exercise of option under share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r219"
     ]
    },
    "dei_EntityAddressAddressLine1": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressAddressLine1",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, Address Line One",
        "label": "Entity Address, Address Line One",
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCityOrTown": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressCityOrTown",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, City or Town",
        "label": "Entity Address, City or Town",
        "documentation": "Name of the City or Town"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressPostalZipCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressPostalZipCode",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, Postal Zip Code",
        "label": "Entity Address, Postal Zip Code",
        "documentation": "Code for the postal or zip code"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressStateOrProvince": {
     "xbrltype": "stateOrProvinceItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressStateOrProvince",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, State or Province",
        "label": "Entity Address, State or Province",
        "documentation": "Name of the state or province."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Central Index Key",
        "label": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r941"
     ]
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityCommonStockSharesOutstanding",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Common Stock, Shares Outstanding",
        "label": "Entity Common Stock, Shares Outstanding",
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCurrentReportingStatus": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityCurrentReportingStatus",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Current Reporting Status",
        "label": "Entity Current Reporting Status",
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityDomain",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity [Domain]",
        "label": "Entity [Domain]",
        "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityEmergingGrowthCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityEmergingGrowthCompany",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Emerging Growth Company",
        "label": "Entity Emerging Growth Company",
        "documentation": "Indicate if registrant meets the emerging growth company criteria."
       }
      }
     },
     "auth_ref": [
      "r941"
     ]
    },
    "dei_EntityFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityFileNumber",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity File Number",
        "label": "Entity File Number",
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityFilerCategory": {
     "xbrltype": "filerCategoryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityFilerCategory",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Filer Category",
        "label": "Entity Filer Category",
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure."
       }
      }
     },
     "auth_ref": [
      "r941"
     ]
    },
    "dei_EntityIncorporationStateCountryCode": {
     "xbrltype": "edgarStateCountryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityIncorporationStateCountryCode",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, State or Province",
        "label": "Entity Incorporation, State or Country Code",
        "documentation": "Two-character EDGAR code representing the state or country of incorporation."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityInteractiveDataCurrent": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityInteractiveDataCurrent",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Interactive Data Current",
        "label": "Entity Interactive Data Current",
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files)."
       }
      }
     },
     "auth_ref": [
      "r948"
     ]
    },
    "dei_EntityPublicFloat": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityPublicFloat",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Public Float",
        "label": "Entity Public Float",
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Registrant Name",
        "label": "Entity Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r941"
     ]
    },
    "dei_EntityShellCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityShellCompany",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Shell Company",
        "label": "Entity Shell Company",
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r941"
     ]
    },
    "dei_EntitySmallBusiness": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntitySmallBusiness",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Small Business",
        "label": "Entity Small Business",
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC)."
       }
      }
     },
     "auth_ref": [
      "r941"
     ]
    },
    "dei_EntityTaxIdentificationNumber": {
     "xbrltype": "employerIdItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityTaxIdentificationNumber",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Tax Identification Number",
        "label": "Entity Tax Identification Number",
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS."
       }
      }
     },
     "auth_ref": [
      "r941"
     ]
    },
    "dei_EntityVoluntaryFilers": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityVoluntaryFilers",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Voluntary Filers",
        "label": "Entity Voluntary Filers",
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityWellKnownSeasonedIssuer",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Well-known Seasoned Issuer",
        "label": "Entity Well-known Seasoned Issuer",
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A."
       }
      }
     },
     "auth_ref": [
      "r949"
     ]
    },
    "us-gaap_EntityWideRevenueMajorCustomerLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EntityWideRevenueMajorCustomerLineItems",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Revenue, Major Customer [Line Items]",
        "label": "Revenue, Major Customer [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_EquityComponentDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "EquityComponentDomain",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Equity Component [Domain]",
        "label": "Equity Component [Domain]",
        "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc."
       }
      }
     },
     "auth_ref": [
      "r27",
      "r247",
      "r282",
      "r283",
      "r284",
      "r304",
      "r305",
      "r306",
      "r311",
      "r320",
      "r322",
      "r338",
      "r386",
      "r394",
      "r483",
      "r546",
      "r547",
      "r548",
      "r580",
      "r581",
      "r611",
      "r613",
      "r614",
      "r615",
      "r616",
      "r619",
      "r630",
      "r658",
      "r659",
      "r660",
      "r661",
      "r662",
      "r663",
      "r695",
      "r762",
      "r763",
      "r764",
      "r784",
      "r850"
     ]
    },
    "mtn_ExpectedToBeRecognizedInOneYearMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ExpectedToBeRecognizedInOneYearMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Expected to be Recognized in One Year [Member]",
        "label": "Expected to be Recognized in One Year [Member]",
        "documentation": "Expected to be Recognized in One Year"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Fair Value, Assets Measured on Recurring Basis [Table]",
        "label": "Fair Value, Recurring and Nonrecurring [Table]",
        "documentation": "Disclosure of information about asset and liability measured at fair value on recurring and nonrecurring basis."
       }
      }
     },
     "auth_ref": [
      "r638",
      "r639",
      "r640"
     ]
    },
    "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Summary Of Cash Equivalents Measured At Fair Value",
        "label": "Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]",
        "documentation": "Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis."
       }
      }
     },
     "auth_ref": [
      "r29"
     ]
    },
    "us-gaap_FairValueByFairValueHierarchyLevelAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueByFairValueHierarchyLevelAxis",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Fair Value, Assets Measured on Recurring Basis, Disclosure Items [Axis]",
        "label": "Fair Value Hierarchy and NAV [Axis]",
        "documentation": "Information by level within fair value hierarchy and fair value measured at net asset value per share as practical expedient."
       }
      }
     },
     "auth_ref": [
      "r461",
      "r499",
      "r500",
      "r501",
      "r502",
      "r503",
      "r504",
      "r639",
      "r697",
      "r698",
      "r699",
      "r902",
      "r903",
      "r914",
      "r915",
      "r916"
     ]
    },
    "us-gaap_FairValueDisclosuresAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueDisclosuresAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Fair Value Disclosures [Abstract]",
        "label": "Fair Value Disclosures [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_FairValueDisclosuresTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueDisclosuresTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurements"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Fair Value Measurements",
        "label": "Fair Value Disclosures [Text Block]",
        "documentation": "The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information."
       }
      }
     },
     "auth_ref": [
      "r637"
     ]
    },
    "us-gaap_FairValueInputsLevel1Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueInputsLevel1Member",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Level 1 [Member]",
        "label": "Fair Value, Inputs, Level 1 [Member]",
        "documentation": "Quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date."
       }
      }
     },
     "auth_ref": [
      "r461",
      "r499",
      "r504",
      "r639",
      "r697",
      "r914",
      "r915",
      "r916"
     ]
    },
    "us-gaap_FairValueInputsLevel2Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueInputsLevel2Member",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Level 2 [Member]",
        "label": "Fair Value, Inputs, Level 2 [Member]",
        "documentation": "Inputs other than quoted prices included within level 1 that are observable for an asset or liability, either directly or indirectly, including, but not limited to, quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in inactive markets."
       }
      }
     },
     "auth_ref": [
      "r461",
      "r499",
      "r504",
      "r639",
      "r698",
      "r902",
      "r903",
      "r914",
      "r915",
      "r916"
     ]
    },
    "us-gaap_FairValueInputsLevel3Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueInputsLevel3Member",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Level 3 [Member]",
        "label": "Fair Value, Inputs, Level 3 [Member]",
        "documentation": "Unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing."
       }
      }
     },
     "auth_ref": [
      "r461",
      "r499",
      "r500",
      "r501",
      "r502",
      "r503",
      "r504",
      "r639",
      "r699",
      "r902",
      "r903",
      "r914",
      "r915",
      "r916"
     ]
    },
    "us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]",
        "label": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]",
        "documentation": "Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability."
       }
      }
     },
     "auth_ref": [
      "r30",
      "r125"
     ]
    },
    "us-gaap_FairValueMeasurementsFairValueHierarchyDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueMeasurementsFairValueHierarchyDomain",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Fair Value, Assets Measured on Recurring Basis, Disclosure Items [Domain]",
        "label": "Fair Value Hierarchy and NAV [Domain]",
        "documentation": "Categories used to prioritize the inputs to valuation techniques to measure fair value."
       }
      }
     },
     "auth_ref": [
      "r461",
      "r499",
      "r500",
      "r501",
      "r502",
      "r503",
      "r504",
      "r697",
      "r698",
      "r699",
      "r902",
      "r903",
      "r914",
      "r915",
      "r916"
     ]
    },
    "us-gaap_FairValueOfFinancialInstrumentsPolicy": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FairValueOfFinancialInstrumentsPolicy",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Fair Value of Financial Instruments",
        "label": "Fair Value of Financial Instruments, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for determining the fair value of financial instruments."
       }
      }
     },
     "auth_ref": [
      "r18",
      "r35"
     ]
    },
    "mtn_FallsCreekMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "FallsCreekMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Falls Creek [Member]",
        "label": "Falls Creek [Member]",
        "documentation": "Falls Creek [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_FederalOfficeOfTransportConcession1Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "FederalOfficeOfTransportConcession1Member",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Federal Office of Transport Concession1",
        "label": "Federal Office of Transport Concession1 [Member]",
        "documentation": "Federal Office of Transport Concession1"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_FederalOfficeOfTransportConcession2Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "FederalOfficeOfTransportConcession2Member",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Federal Office of Transport Concession2",
        "label": "Federal Office of Transport Concession2 [Member]",
        "documentation": "Federal Office of Transport Concession2"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_FinanceLeaseInterestExpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseInterestExpense",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Interest Expense",
        "label": "Finance Lease, Interest Expense",
        "documentation": "Amount of interest expense on finance lease liability."
       }
      }
     },
     "auth_ref": [
      "r679",
      "r682",
      "r925"
     ]
    },
    "us-gaap_FinanceLeaseLiability": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseLiability",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Liability",
        "label": "Finance Lease, Liability",
        "documentation": "Present value of lessee's discounted obligation for lease payments from finance lease."
       }
      }
     },
     "auth_ref": [
      "r677",
      "r690"
     ]
    },
    "us-gaap_FinanceLeaseLiabilityPaymentsDue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseLiabilityPaymentsDue",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Liability, Payment, Due",
        "label": "Finance Lease, Liability, to be Paid",
        "documentation": "Amount of lessee's undiscounted obligation for lease payments for finance lease."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseLiabilityPaymentsDueAfterYearFive",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Liability, to be Paid, after Year Five",
        "label": "Finance Lease, Liability, to be Paid, after Year Five",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseLiabilityPaymentsDueNextTwelveMonths",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Liability, Payments, Due in Next Rolling Twelve Months",
        "label": "Finance Lease, Liability, to be Paid, Year One",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseLiabilityPaymentsDueYearFive",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Liability, to be Paid, Year Five",
        "label": "Finance Lease, Liability, to be Paid, Year Five",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseLiabilityPaymentsDueYearFour",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Liability, to be Paid, Year Four",
        "label": "Finance Lease, Liability, to be Paid, Year Four",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseLiabilityPaymentsDueYearThree",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Liability, to be Paid, Year Three",
        "label": "Finance Lease, Liability, to be Paid, Year Three",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseLiabilityPaymentsDueYearTwo",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Liability, to be Paid, Year Two",
        "label": "Finance Lease, Liability, to be Paid, Year Two",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for finance lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList": {
     "xbrltype": "enumerationSetItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]",
        "label": "Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]",
        "documentation": "Indicates line item in statement of financial position that includes finance lease liability."
       }
      }
     },
     "auth_ref": [
      "r678"
     ]
    },
    "us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseLiabilityUndiscountedExcessAmount",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Finance Lease, Liability, Undiscounted Excess Amount",
        "label": "Finance Lease, Liability, Undiscounted Excess Amount",
        "documentation": "Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for finance lease."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_FinanceLeaseRightOfUseAsset": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseRightOfUseAsset",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Lease, Right-of-Use Asset",
        "label": "Finance Lease, Right-of-Use Asset, after Accumulated Amortization",
        "documentation": "Amount, after accumulated amortization, of right-of-use asset from finance lease."
       }
      }
     },
     "auth_ref": [
      "r676"
     ]
    },
    "us-gaap_FinanceLeaseRightOfUseAssetAccumulatedAmortization": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseRightOfUseAssetAccumulatedAmortization",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Right-of-Use Asset, Accumulated Amortization",
        "label": "Finance Lease, Right-of-Use Asset, Accumulated Amortization",
        "documentation": "Amount of accumulated amortization of right-of-use asset from finance lease."
       }
      }
     },
     "auth_ref": [
      "r957",
      "r958"
     ]
    },
    "us-gaap_FinanceLeaseRightOfUseAssetAmortization": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseRightOfUseAssetAmortization",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Right-of-Use Asset, Amortization",
        "label": "Finance Lease, Right-of-Use Asset, Amortization",
        "documentation": "Amount of amortization expense attributable to right-of-use asset from finance lease."
       }
      }
     },
     "auth_ref": [
      "r679",
      "r682",
      "r925"
     ]
    },
    "us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails": {
       "parentTag": "mtn_FinanceLeasedAssetsNet",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Right-of-Use Asset, before Accumulated Amortization",
        "label": "Finance Lease, Right-of-Use Asset, before Accumulated Amortization",
        "documentation": "Amount, before accumulated amortization, of right-of-use asset from finance lease."
       }
      }
     },
     "auth_ref": [
      "r954"
     ]
    },
    "us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList": {
     "xbrltype": "enumerationSetItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]",
        "label": "Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]",
        "documentation": "Indicates line item in statement of financial position that includes finance lease right-of-use asset."
       }
      }
     },
     "auth_ref": [
      "r678"
     ]
    },
    "us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseWeightedAverageDiscountRatePercent",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Weighted Average Discount Rate, Percent",
        "label": "Finance Lease, Weighted Average Discount Rate, Percent",
        "documentation": "Weighted average discount rate for finance lease calculated at point in time."
       }
      }
     },
     "auth_ref": [
      "r689",
      "r925"
     ]
    },
    "us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1": {
     "xbrltype": "durationItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FinanceLeaseWeightedAverageRemainingLeaseTerm1",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finance Lease, Weighted Average Remaining Lease Term",
        "label": "Finance Lease, Weighted Average Remaining Lease Term",
        "documentation": "Weighted average remaining lease term for finance lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days."
       }
      }
     },
     "auth_ref": [
      "r688",
      "r925"
     ]
    },
    "mtn_FinanceLeasedAssetsAccumulatedDepreciation": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "FinanceLeasedAssetsAccumulatedDepreciation",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails": {
       "parentTag": "mtn_FinanceLeasedAssetsNet",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Business Acquisition, Purchase Price Allocation, Accumulated Depreciation",
        "negatedNetLabel": "Capital Leased Assets, Accumulated Depreciation",
        "label": "Finance Leased Assets, Accumulated Depreciation",
        "documentation": "The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) under capital lease obligations that has been recognized in the income statement."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_FinanceLeasedAssetsBuildingsAndBuildingImprovements": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "FinanceLeasedAssetsBuildingsAndBuildingImprovements",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Business Acquisition, Purchase Price Allocation, Buildings and Building Improvements",
        "verboseLabel": "Capital Leased Assets, Buildings and Building Improvements",
        "label": "Finance Leased Assets, Buildings and Building Improvements",
        "documentation": "Amount before accumulated depreciation of building structures held for productive use under capital lease obligations including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_FinanceLeasedAssetsLand": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "FinanceLeasedAssetsLand",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Business Acquisition, Purchase Price Allocation, Land",
        "terseLabel": "Capital Leased Assets, Land",
        "label": "Finance Leased Assets, Land",
        "documentation": "Gross amount, as of the balance sheet date, of real estate land held for productive use under capital lease obligations. This excludes land held for sale and alterations to land which improves its potential for use. Generally consisting of items having limited lives, such as walkways, driveways, fences, and parking lots, such improvements are depreciated over the useful lives of the subject assets."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_FinanceLeasedAssetsLandImprovements": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "FinanceLeasedAssetsLandImprovements",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Business Acquisition, Purchase Price Allocation, Land Improvements",
        "terseLabel": "Capital Leased Assets, Land Improvements",
        "label": "Finance Leased Assets, Land Improvements",
        "documentation": "Gross amount, as of the balance sheet date, of land improvements held for productive use under capital lease obligations. This excludes land held for sale and alterations to land which improves its potential for use. Generally consisting of items having limited lives, such as walkways, driveways, fences, and parking lots, such improvements are depreciated over the useful lives of the subject assets."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_FinanceLeasedAssetsNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "FinanceLeasedAssetsNet",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment Net (under Capital Lease)",
        "terseLabel": "Capital Leased Assets, Net",
        "label": "Finance Leased Assets, Net",
        "documentation": "Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets under capital lease obligations used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedIntangibleAssetsAccumulatedAmortization",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Accumulated amortization",
        "label": "Finite-Lived Intangible Assets, Accumulated Amortization",
        "documentation": "Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life."
       }
      }
     },
     "auth_ref": [
      "r260",
      "r417"
     ]
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finite-Lived Intangible Asset, Expected Amortization, Year One",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year One",
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r168"
     ]
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearFive",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finite-Lived Intangible Asset, Expected Amortization, Year Five",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Five",
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r168"
     ]
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearFour",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finite-Lived Intangible Asset, Expected Amortization, Year Four",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Four",
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r168"
     ]
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearThree",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finite-Lived Intangible Asset, Expected Amortization, Year Three",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Three",
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r168"
     ]
    },
    "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finite-Lived Intangible Asset, Expected Amortization, Year Two",
        "label": "Finite-Lived Intangible Asset, Expected Amortization, Year Two",
        "documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r168"
     ]
    },
    "us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedIntangibleAssetsByMajorClassAxis",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finite-Lived Intangible Assets by Major Class [Axis]",
        "label": "Finite-Lived Intangible Assets by Major Class [Axis]",
        "documentation": "Information by major type or class of finite-lived intangible assets."
       }
      }
     },
     "auth_ref": [
      "r414",
      "r416",
      "r417",
      "r419",
      "r704",
      "r711"
     ]
    },
    "us-gaap_FiniteLivedIntangibleAssetsGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedIntangibleAssetsGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Finite-Lived Intangible Assets, Gross",
        "label": "Finite-Lived Intangible Assets, Gross",
        "documentation": "Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life."
       }
      }
     },
     "auth_ref": [
      "r167",
      "r711"
     ]
    },
    "us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedIntangibleAssetsMajorClassNameDomain",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Finite-Lived Intangible Assets, Major Class Name [Domain]",
        "label": "Finite-Lived Intangible Assets, Major Class Name [Domain]",
        "documentation": "The major class of finite-lived intangible asset (for example, patents, trademarks, copyrights, etc.) A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company."
       }
      }
     },
     "auth_ref": [
      "r76",
      "r79"
     ]
    },
    "us-gaap_FiniteLivedIntangibleAssetsNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedIntangibleAssetsNet",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Amortizable intangible assets, net",
        "label": "Finite-Lived Intangible Assets, Net",
        "documentation": "Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life."
       }
      }
     },
     "auth_ref": [
      "r167",
      "r704"
     ]
    },
    "us-gaap_FiniteLivedTradeNamesGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FiniteLivedTradeNamesGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsGross",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Gross amortizable intangible assets",
        "label": "Finite-Lived Trade Names, Gross",
        "documentation": "Gross carrying amount before accumulated amortization as of the balance sheet date of the rights acquired through registration of a trade name to gain or protect exclusive use thereof for a reasonably expected period of economic benefit."
       }
      }
     },
     "auth_ref": [
      "r167"
     ]
    },
    "us-gaap_ForeignCountryMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ForeignCountryMember",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Foreign Tax Authority [Member]",
        "label": "Foreign Tax Authority [Member]",
        "documentation": "Designated tax departments of governments entitled to levy and collect income taxes from the entity outside the entity's country of domicile."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ForeignCurrencyTransactionGainLossBeforeTax": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ForeignCurrencyTransactionGainLossBeforeTax",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest",
       "weight": 1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Foreign currency loss on intercompany loans (Note 6)",
        "negatedTerseLabel": "Foreign Currency Transaction Gain (Loss), before Tax",
        "label": "Gain (Loss), Foreign Currency Transaction, before Tax",
        "documentation": "Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction."
       }
      }
     },
     "auth_ref": [
      "r653",
      "r654",
      "r655",
      "r656",
      "r847"
     ]
    },
    "us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Foreign Currency Transactions and Translations Policy [Policy Text Block]",
        "label": "Foreign Currency Transactions and Translations Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy."
       }
      }
     },
     "auth_ref": [
      "r652"
     ]
    },
    "mtn_ForeignRefundablePayrollTaxCredits": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ForeignRefundablePayrollTaxCredits",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Foreign Refundable Payroll Tax Credits",
        "label": "Foreign Refundable Payroll Tax Credits",
        "documentation": "Foreign Refundable Payroll Tax Credits"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_FurnitureAndFixturesGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FurnitureAndFixturesGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails": {
       "parentTag": "us-gaap_PropertyPlantAndEquipmentGross",
       "weight": 1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Furniture and fixtures",
        "label": "Furniture and Fixtures, Gross",
        "documentation": "Amount before accumulated depreciation of equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases."
       }
      }
     },
     "auth_ref": [
      "r170"
     ]
    },
    "us-gaap_FurnitureAndFixturesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "FurnitureAndFixturesMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Furniture and Fixtures [Member]",
        "label": "Furniture and Fixtures [Member]",
        "documentation": "Equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_GainLossOnDispositionOfAssets": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GainLossOnDispositionOfAssets",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_OperatingIncomeLoss",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "(Loss) gain on disposal of fixed assets and other, net",
        "negatedTerseLabel": "Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property",
        "label": "Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property",
        "documentation": "Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property."
       }
      }
     },
     "auth_ref": [
      "r969",
      "r993",
      "r994"
     ]
    },
    "us-gaap_GainLossOnDispositionOfAssets1": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GainLossOnDispositionOfAssets1",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Loss (gain) on disposal of fixed assets and other, net",
        "label": "Gain (Loss) on Disposition of Assets",
        "documentation": "Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee."
       }
      }
     },
     "auth_ref": [
      "r969"
     ]
    },
    "us-gaap_GainLossOnSaleOfPropertyPlantEquipment": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GainLossOnSaleOfPropertyPlantEquipment",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Gain (Loss) on Disposition of Property Plant Equipment",
        "label": "Gain (Loss) on Disposition of Property Plant Equipment",
        "documentation": "Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property."
       }
      }
     },
     "auth_ref": [
      "r15"
     ]
    },
    "mtn_GainOnSaleOfRealProperty": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "GainOnSaleOfRealProperty",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_OperatingIncomeLoss",
       "weight": 1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Gain on sale of real property",
        "label": "Gain on sale of real property",
        "documentation": "The gains and losses included in results of operations resulting from the sale of land."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_GeographicDistributionDomesticMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GeographicDistributionDomesticMember",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Geographic Distribution, Domestic [Member]",
        "label": "Geographic Distribution, Domestic [Member]",
        "documentation": "Allocation of business activity identified as domestic."
       }
      }
     },
     "auth_ref": [
      "r227",
      "r228",
      "r229",
      "r230",
      "r231",
      "r232",
      "r233",
      "r234",
      "r235",
      "r236",
      "r237",
      "r238",
      "r239",
      "r240",
      "r241",
      "r242",
      "r243",
      "r244",
      "r897"
     ]
    },
    "us-gaap_GeographicDistributionForeignMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GeographicDistributionForeignMember",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Geographic Distribution, Foreign [Member]",
        "label": "Geographic Distribution, Foreign [Member]",
        "documentation": "Allocation of business activity identified as foreign."
       }
      }
     },
     "auth_ref": [
      "r227",
      "r228",
      "r229",
      "r230",
      "r231",
      "r232",
      "r233",
      "r234",
      "r235",
      "r236",
      "r237",
      "r238",
      "r239",
      "r240",
      "r241",
      "r242",
      "r243",
      "r244",
      "r717",
      "r718",
      "r898"
     ]
    },
    "mtn_GolfMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "GolfMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Golf",
        "label": "Golf [Member]",
        "documentation": "Golf [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_Goodwill": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "Goodwill",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Assets",
       "weight": 1.0,
       "order": 4.0
      },
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Goodwill, net (Note 8)",
        "totalLabel": "Goodwill, net",
        "periodStartLabel": "Goodwill, beginning balance",
        "periodEndLabel": "Goodwill, ending balance",
        "label": "Goodwill",
        "documentation": "Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized."
       }
      }
     },
     "auth_ref": [
      "r259",
      "r402",
      "r712",
      "r899",
      "r926",
      "r983",
      "r990"
     ]
    },
    "mtn_GoodwillAccumulatedAmortization": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "GoodwillAccumulatedAmortization",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "us-gaap_Goodwill",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Accumulated amortization",
        "label": "Goodwill Accumulated Amortization",
        "documentation": "The cumulative amount of amortization related to goodwill."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_GoodwillAcquiredDuringPeriod": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GoodwillAcquiredDuringPeriod",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Goodwill, Acquired During Period",
        "verboseLabel": "Acquisition",
        "label": "Goodwill, Acquired During Period",
        "documentation": "Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination."
       }
      }
     },
     "auth_ref": [
      "r405",
      "r899"
     ]
    },
    "us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GoodwillAndIntangibleAssetsPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Goodwill and Intangible Assets",
        "label": "Goodwill and Intangible Assets, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets."
       }
      }
     },
     "auth_ref": [
      "r19",
      "r73"
     ]
    },
    "us-gaap_GoodwillForeignCurrencyTranslationGainLoss": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GoodwillForeignCurrencyTranslationGainLoss",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Goodwill, Translation Adjustments",
        "label": "Goodwill, Foreign Currency Translation Gain (Loss)",
        "documentation": "Amount of foreign currency translation gain (loss) which increases (decreases) an asset representing future economic benefits from other assets acquired in a business combination that are not individually identified and separately recognized."
       }
      }
     },
     "auth_ref": [
      "r409"
     ]
    },
    "us-gaap_GoodwillGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GoodwillGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "us-gaap_Goodwill",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Goodwill",
        "label": "Goodwill, Gross",
        "documentation": "Amount before accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized."
       }
      }
     },
     "auth_ref": [
      "r404",
      "r411",
      "r899"
     ]
    },
    "us-gaap_GoodwillImpairedAccumulatedImpairmentLoss": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GoodwillImpairedAccumulatedImpairmentLoss",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "us-gaap_Goodwill",
       "weight": -1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Goodwill, Impaired, Accumulated Impairment Loss",
        "label": "Goodwill, Impaired, Accumulated Impairment Loss",
        "documentation": "Amount of accumulated impairment loss for an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized."
       }
      }
     },
     "auth_ref": [
      "r404",
      "r411",
      "r899"
     ]
    },
    "us-gaap_GoodwillWrittenOffRelatedToSaleOfBusinessUnit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "GoodwillWrittenOffRelatedToSaleOfBusinessUnit",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Goodwill, Written off Related to Sale of Business Unit",
        "label": "Goodwill, Written off Related to Sale of Business Unit",
        "documentation": "Amount of divestiture of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized."
       }
      }
     },
     "auth_ref": [
      "r407",
      "r899"
     ]
    },
    "mtn_GrossIntangibleAssetsExcludingGoodwill": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "GrossIntangibleAssetsExcludingGoodwill",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "us-gaap_IntangibleAssetsNetExcludingGoodwill",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Total gross intangible assets",
        "label": "Gross Intangible Assets Excluding Goodwill",
        "documentation": "Gross Intangible Assets Excluding Goodwill"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_HollandCreekMetropolitanDistrictMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "HollandCreekMetropolitanDistrictMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Holland Creek Metropolitan District [Member]",
        "label": "Holland Creek Metropolitan District [Member]",
        "documentation": "Holland Creek Metropolitan District [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_HothamMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "HothamMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Hotham [Member]",
        "label": "Hotham [Member]",
        "documentation": "Hotham [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_HunterMountainSecuredNoteMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "HunterMountainSecuredNoteMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Hunter Mountain Secured Note [Member]",
        "label": "Hunter Mountain Secured Note [Member]",
        "documentation": "Hunter Mountain Secured Note [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_IcfrAuditorAttestationFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "IcfrAuditorAttestationFlag",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "ICFR Auditor Attestation Flag",
        "label": "ICFR Auditor Attestation Flag"
       }
      }
     },
     "auth_ref": [
      "r943",
      "r944",
      "r945"
     ]
    },
    "us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-lived Assets",
        "label": "Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets."
       }
      }
     },
     "auth_ref": [
      "r1",
      "r171"
     ]
    },
    "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsofIncomebeforeIncomeTaxesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Income (Loss) from Continuing Operations before Income Taxes, Domestic",
        "label": "Income (Loss) from Continuing Operations before Income Taxes, Domestic",
        "documentation": "The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations."
       }
      }
     },
     "auth_ref": [
      "r301",
      "r589"
     ]
    },
    "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_ProfitLoss",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/IncomeTaxesComponentsofIncomebeforeIncomeTaxesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Income before provision for income taxes",
        "terseLabel": "Income before provision for income taxes",
        "label": "Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest",
        "documentation": "Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest."
       }
      }
     },
     "auth_ref": [
      "r2",
      "r153",
      "r201",
      "r345",
      "r359",
      "r365",
      "r368",
      "r718",
      "r733",
      "r895"
     ]
    },
    "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesComponentsofIncomebeforeIncomeTaxesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Income (Loss) from Continuing Operations before Income Taxes, Foreign",
        "label": "Income (Loss) from Continuing Operations before Income Taxes, Foreign",
        "documentation": "The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile."
       }
      }
     },
     "auth_ref": [
      "r301",
      "r589"
     ]
    },
    "us-gaap_IncomeStatementAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeStatementAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Income Statement [Abstract]",
        "label": "Income Statement [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_IncomeStatementLocationAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeStatementLocationAxis",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs, by Report Line [Axis]",
        "verboseLabel": "Income Statement Location [Axis]",
        "label": "Income Statement Location [Axis]",
        "documentation": "Information by location in the income statement."
       }
      }
     },
     "auth_ref": [
      "r420",
      "r423",
      "r833"
     ]
    },
    "us-gaap_IncomeStatementLocationDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeStatementLocationDomain",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Report Line [Domain]",
        "verboseLabel": "Income Statement Location [Domain]",
        "label": "Income Statement Location [Domain]",
        "documentation": "Location in the income statement."
       }
      }
     },
     "auth_ref": [
      "r423",
      "r833"
     ]
    },
    "us-gaap_IncomeTaxAuthorityAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeTaxAuthorityAxis",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Loss Carryforwards by Tax Authority [Axis]",
        "label": "Income Tax Authority [Axis]",
        "documentation": "Information by tax jurisdiction."
       }
      }
     },
     "auth_ref": [
      "r22"
     ]
    },
    "us-gaap_IncomeTaxAuthorityDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeTaxAuthorityDomain",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Income Tax Authority [Domain]",
        "label": "Income Tax Authority [Domain]",
        "documentation": "Agency, division or body classification that levies income taxes, examines tax returns for compliance, or grants exemptions from or makes other decisions pertaining to income taxes."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_IncomeTaxDisclosureAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeTaxDisclosureAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Income Tax Disclosure [Abstract]",
        "label": "Income Tax Disclosure [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_IncomeTaxDisclosureTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeTaxDisclosureTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxes"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Income Taxes",
        "label": "Income Tax Disclosure [Text Block]",
        "documentation": "The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information."
       }
      }
     },
     "auth_ref": [
      "r302",
      "r555",
      "r563",
      "r568",
      "r574",
      "r585",
      "r591",
      "r592",
      "r593",
      "r781"
     ]
    },
    "us-gaap_IncomeTaxExpenseBenefit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeTaxExpenseBenefit",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_ProfitLoss",
       "weight": -1.0,
       "order": 2.0
      },
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/IncomeTaxesComponentsOfProvisionBenefitForIncomeTaxesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Provision for income taxes (Note 10)",
        "totalLabel": "Provision for income taxes",
        "label": "Income Tax Expense (Benefit)",
        "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations."
       }
      }
     },
     "auth_ref": [
      "r211",
      "r224",
      "r321",
      "r322",
      "r353",
      "r561",
      "r586",
      "r741"
     ]
    },
    "us-gaap_IncomeTaxPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeTaxPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Income Taxes",
        "label": "Income Tax, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements."
       }
      }
     },
     "auth_ref": [
      "r281",
      "r557",
      "r558",
      "r568",
      "r569",
      "r573",
      "r575",
      "r775"
     ]
    },
    "us-gaap_IncomeTaxesPaid": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncomeTaxesPaid",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Taxes paid, net",
        "label": "Income Taxes Paid",
        "documentation": "The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income."
       }
      }
     },
     "auth_ref": [
      "r58",
      "r61"
     ]
    },
    "us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncreaseDecreaseInAccountsPayableAndAccruedLiabilities",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0,
       "order": 11.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accounts payable and accrued liabilities",
        "label": "Increase (Decrease) in Accounts Payable and Accrued Liabilities",
        "documentation": "The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "us-gaap_IncreaseDecreaseInAccountsReceivable": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncreaseDecreaseInAccountsReceivable",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0,
       "order": 9.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Trade receivables, net",
        "label": "Increase (Decrease) in Accounts Receivable",
        "documentation": "The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncreaseDecreaseInAccruedIncomeTaxesPayable",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0,
       "order": 13.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Increase (Decrease) in Income Taxes Payable",
        "label": "Increase (Decrease) in Income Taxes Payable",
        "documentation": "The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "us-gaap_IncreaseDecreaseInDeferredRevenue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncreaseDecreaseInDeferredRevenue",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0,
       "order": 12.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Deferred revenue",
        "label": "Increase (Decrease) in Deferred Revenue",
        "documentation": "Amount of increase (decrease) in deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable."
       }
      }
     },
     "auth_ref": [
      "r882"
     ]
    },
    "us-gaap_IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome": {
       "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Change in estimated fair value of hedging instruments, net of tax",
        "label": "Increase (Decrease) in Fair Value of Interest Rate Fair Value Hedging Instruments",
        "documentation": "Amount of unrealized gain (loss) related to the fair value of interest rate derivatives designated as fair value hedging instruments, as offset by the gain (loss) on the hedged item to the extent that the fair value hedge is determined to be effective."
       }
      }
     },
     "auth_ref": [
      "r120",
      "r123"
     ]
    },
    "us-gaap_IncreaseDecreaseInInventories": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncreaseDecreaseInInventories",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0,
       "order": 10.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Inventories, net",
        "label": "Increase (Decrease) in Inventories",
        "documentation": "The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncreaseDecreaseInOperatingCapitalAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Changes in assets and liabilities, net of effects of acquisitions:",
        "label": "Increase (Decrease) in Operating Capital [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IncreaseDecreaseInOtherOperatingCapitalNet",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0,
       "order": 14.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Other assets and liabilities, net",
        "label": "Increase (Decrease) in Other Operating Assets and Liabilities, Net",
        "documentation": "Amount of increase (decrease) in operating assets after deduction of operating liabilities classified as other."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "mtn_IndefiniteLivedIntangibleAssetsAccumulatedAmortization": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "IndefiniteLivedIntangibleAssetsAccumulatedAmortization",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Accumulated amortization",
        "label": "Indefinite-Lived Intangible Assets, Accumulated Amortization",
        "documentation": "Indefinite-Lived Intangible Assets, Accumulated Amortization"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IndefiniteLivedIntangibleAssetsByMajorClassAxis",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Indefinite-lived Intangible Assets [Axis]",
        "label": "Indefinite-Lived Intangible Assets [Axis]",
        "documentation": "Information by type or class of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit."
       }
      }
     },
     "auth_ref": [
      "r415",
      "r418"
     ]
    },
    "us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IndefiniteLivedIntangibleAssetsExcludingGoodwill",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Gross indefinite-lived intangible assets",
        "label": "Indefinite-Lived Intangible Assets (Excluding Goodwill)",
        "documentation": "Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit."
       }
      }
     },
     "auth_ref": [
      "r169"
     ]
    },
    "mtn_IndefiniteLivedIntangibleAssetsExcludingGoodwillNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "IndefiniteLivedIntangibleAssetsExcludingGoodwillNet",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Indefinite-lived intangible assets, net",
        "label": "Indefinite-Lived Intangible Assets (Excluding Goodwill), Net",
        "documentation": "Indefinite-Lived Intangible Assets (Excluding Goodwill), Net"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IndefiniteLivedIntangibleAssetsMajorClassNameDomain",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Indefinite-lived Intangible Assets, Major Class Name [Domain]",
        "label": "Indefinite-Lived Intangible Assets, Major Class Name [Domain]",
        "documentation": "The major class of indefinite-lived intangible asset (for example, trade names, etc. but not all-inclusive), excluding goodwill. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of the company."
       }
      }
     },
     "auth_ref": [
      "r77",
      "r169"
     ]
    },
    "us-gaap_IndefiniteLivedTrademarks": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IndefiniteLivedTrademarks",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Indefinite-Lived Trademarks",
        "label": "Indefinite-Lived Trademarks",
        "documentation": "Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the rights acquired through registration of a trademark to gain or protect exclusive use of a business name, symbol or other device or style for a projected indefinite period of benefit."
       }
      }
     },
     "auth_ref": [
      "r169"
     ]
    },
    "mtn_InitialCapitalLeaseTerm": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "InitialCapitalLeaseTerm",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Initial Capital Lease Term",
        "label": "Initial Capital Lease Term",
        "documentation": "Initial Capital Lease Term"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_IntangibleAssetsNetExcludingGoodwill": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IntangibleAssetsNetExcludingGoodwill",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Assets",
       "weight": 1.0,
       "order": 5.0
      },
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Intangible assets, net (Note 8)",
        "totalLabel": "Net Intangible Assets Excluding Goodwill",
        "label": "Intangible Assets, Net (Excluding Goodwill)",
        "documentation": "Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges."
       }
      }
     },
     "auth_ref": [
      "r74",
      "r78"
     ]
    },
    "us-gaap_IntercompanyForeignCurrencyBalanceAmount": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "IntercompanyForeignCurrencyBalanceAmount",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Intercompany Foreign Currency Balance, Amount",
        "label": "Intercompany Foreign Currency Balance, Amount",
        "documentation": "Amount of an intercompany foreign currency transactions that is of a long-term-investment nature, that is, settlement is not planned of anticipated in the foreseeable future."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_InterestExpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "InterestExpense",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Interest expense, net",
        "terseLabel": "Interest Expense",
        "label": "Interest Expense",
        "documentation": "Amount of the cost of borrowed funds accounted for as interest expense."
       }
      }
     },
     "auth_ref": [
      "r129",
      "r203",
      "r285",
      "r349",
      "r666",
      "r834",
      "r937",
      "r1036"
     ]
    },
    "us-gaap_InterestExpenseDebt": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "InterestExpenseDebt",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Interest Expense, Debt",
        "label": "Interest Expense, Debt",
        "documentation": "Amount of the cost of borrowed funds accounted for as interest expense for debt."
       }
      }
     },
     "auth_ref": [
      "r157",
      "r467",
      "r477",
      "r904",
      "r905"
     ]
    },
    "us-gaap_InterestPaidNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "InterestPaidNet",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash paid for interest",
        "label": "Interest Paid, Excluding Capitalized Interest, Operating Activities",
        "documentation": "Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount."
       }
      }
     },
     "auth_ref": [
      "r292",
      "r295",
      "r296"
     ]
    },
    "us-gaap_InterestRateCashFlowHedgeAssetAtFairValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "InterestRateCashFlowHedgeAssetAtFairValue",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Interest Rate Cash Flow Hedge Asset at Fair Value",
        "label": "Interest Rate Cash Flow Hedge Asset at Fair Value",
        "documentation": "Fair value as of the balance sheet date of all interest rate derivative assets designated as cash flow hedging instruments."
       }
      }
     },
     "auth_ref": [
      "r121"
     ]
    },
    "us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net",
        "label": "Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net",
        "documentation": "The amount of net gains or losses on interest rate cash flow hedges reclassified during the period to earnings from accumulated other comprehensive income upon the hedged transaction affecting earnings."
       }
      }
     },
     "auth_ref": [
      "r124"
     ]
    },
    "mtn_InterestRateSwapNotionalAmount": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "InterestRateSwapNotionalAmount",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Interest Rate Swap, Notional Amount",
        "label": "Interest Rate Swap, Notional Amount",
        "documentation": "Interest Rate Swap, Notional Amount"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_InventoryNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "InventoryNet",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_AssetsCurrent",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Inventories, net of reserves",
        "label": "Inventory, Net",
        "documentation": "Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer."
       }
      }
     },
     "auth_ref": [
      "r270",
      "r887",
      "r926"
     ]
    },
    "us-gaap_InventoryPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "InventoryPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Inventories",
        "label": "Inventory, Policy [Policy Text Block]",
        "documentation": "Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost."
       }
      }
     },
     "auth_ref": [
      "r212",
      "r255",
      "r269",
      "r395",
      "r396",
      "r397",
      "r702",
      "r891"
     ]
    },
    "us-gaap_InventoryRealEstate": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "InventoryRealEstate",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Assets",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Real estate held for sale or investment",
        "label": "Inventory, Real Estate",
        "documentation": "Total of (1) improvements, (2) held-for-sale, (3) land and land under development, (4) construction-in-process, (5) mortgage loans held-in-inventory, and (6) other real estate investments which are considered inventory due to being held for sale or disposition."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_InvestmentIncomeInterest": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "InvestmentIncomeInterest",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Investment income and other, net",
        "negatedTerseLabel": "Investment Income, Interest",
        "label": "Investment Income, Interest",
        "documentation": "Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities."
       }
      }
     },
     "auth_ref": [
      "r156",
      "r348"
     ]
    },
    "mtn_JackFrostBigBoulderSecuredNoteMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "JackFrostBigBoulderSecuredNoteMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Jack Frost Big Boulder Secured Note [Member]",
        "label": "Jack Frost Big Boulder Secured Note [Member]",
        "documentation": "Jack Frost Big Boulder Secured Note [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_LandAndLandImprovementsGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "LandAndLandImprovementsGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails": {
       "parentTag": "us-gaap_PropertyPlantAndEquipmentGross",
       "weight": 1.0,
       "order": 7.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Land and land improvements",
        "label": "Land And Land Improvements Gross",
        "documentation": "Gross amount, as of the balance sheet date, of real estate held for productive use. This excludes land held for sale and alterations to land which improves its potential for use. Generally consisting of items having limited lives, such as walkways, driveways, fences, and parking lots, such improvements are depreciated over the useful lives of the subject assets."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LandImprovementsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LandImprovementsMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Land Improvements [Member]",
        "label": "Land Improvements [Member]",
        "documentation": "Additions or improvements to real estate held."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LeaseCostTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LeaseCostTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lease, Cost [Table Text Block]",
        "label": "Lease, Cost [Table Text Block]",
        "documentation": "Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income."
       }
      }
     },
     "auth_ref": [
      "r1023"
     ]
    },
    "us-gaap_LeaseExpirationDate1": {
     "xbrltype": "dateItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LeaseExpirationDate1",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lease Expiration Date",
        "label": "Lease Expiration Date",
        "documentation": "Date which lease or group of leases is set to expire, in YYYY-MM-DD format."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_LeaseExpirationYear": {
     "xbrltype": "gYearItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "LeaseExpirationYear",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lease Expiration Year",
        "label": "Lease Expiration Year",
        "documentation": "Lease Expiration Year"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LeasesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LeasesAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Leases [Abstract]",
        "label": "Leases [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_LegalEntityAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "LegalEntityAxis",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Legal Entity [Axis]",
        "label": "Legal Entity [Axis]",
        "documentation": "The set of legal entities associated with a report."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LesseeLeasesPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LesseeLeasesPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lessee, Leases [Policy Text Block]",
        "label": "Lessee, Leases [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for leasing arrangement entered into by lessee."
       }
      }
     },
     "auth_ref": [
      "r681"
     ]
    },
    "mtn_LesseeOperatingAndFinanceLeaseTerm": {
     "xbrltype": "durationItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "LesseeOperatingAndFinanceLeaseTerm",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lessee Operating And Finance Lease Term",
        "label": "Lessee Operating And Finance Lease Term",
        "documentation": "Lessee Operating And Finance Lease Term"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDue",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lessee, Operating Lease, Liability, to be Paid",
        "label": "Lessee, Operating Lease, Liability, to be Paid",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lessee, Operating Lease, Liability, to be Paid, after Year Five",
        "label": "Lessee, Operating Lease, Liability, to be Paid, after Year Five",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease due after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Leases, Future Minimum Payments Due, Next Twelve Months",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Year One",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearFive",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Leases, Future Minimum Payments, Due in Five Years",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Year Five",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearFour",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Leases, Future Minimum Payments, Due in Four Years",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Year Four",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearThree",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Leases, Future Minimum Payments, Due in Three Years",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Year Three",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearTwo",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Leases, Future Minimum Payments, Due in Two Years",
        "label": "Lessee, Operating Lease, Liability, to be Paid, Year Two",
        "documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LesseeOperatingLeaseLiabilityUndiscountedExcessAmount",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Lessee, Operating Lease, Liability, Undiscounted Excess Amount",
        "label": "Lessee, Operating Lease, Liability, Undiscounted Excess Amount",
        "documentation": "Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease."
       }
      }
     },
     "auth_ref": [
      "r690"
     ]
    },
    "us-gaap_LesseeOperatingLeasesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LesseeOperatingLeasesTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LeasesNotes"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lessee, Operating Leases",
        "label": "Lessee, Operating Leases [Text Block]",
        "documentation": "The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability."
       }
      }
     },
     "auth_ref": [
      "r675"
     ]
    },
    "us-gaap_LettersOfCreditOutstandingAmount": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LettersOfCreditOutstandingAmount",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Amount outstanding in letters of credit",
        "label": "Letters of Credit Outstanding, Amount",
        "documentation": "The total amount of the contingent obligation under letters of credit outstanding as of the reporting date."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_Liabilities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "Liabilities",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Total liabilities",
        "label": "Liabilities",
        "documentation": "Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future."
       }
      }
     },
     "auth_ref": [
      "r41",
      "r300",
      "r382",
      "r434",
      "r435",
      "r437",
      "r438",
      "r439",
      "r441",
      "r443",
      "r445",
      "r446",
      "r602",
      "r605",
      "r606",
      "r644",
      "r807",
      "r894",
      "r939",
      "r1002",
      "r1025",
      "r1026"
     ]
    },
    "us-gaap_LiabilitiesAndStockholdersEquity": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LiabilitiesAndStockholdersEquity",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Total liabilities and stockholders\u2019 equity",
        "label": "Liabilities and Equity",
        "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any."
       }
      }
     },
     "auth_ref": [
      "r150",
      "r200",
      "r729",
      "r926",
      "r972",
      "r981",
      "r1020"
     ]
    },
    "us-gaap_LiabilitiesAndStockholdersEquityAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LiabilitiesAndStockholdersEquityAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Liabilities and Stockholders\u2019 Equity",
        "label": "Liabilities and Equity [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LiabilitiesCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LiabilitiesCurrent",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Total current liabilities",
        "label": "Liabilities, Current",
        "documentation": "Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer."
       }
      }
     },
     "auth_ref": [
      "r43",
      "r254",
      "r300",
      "r382",
      "r434",
      "r435",
      "r437",
      "r438",
      "r439",
      "r441",
      "r443",
      "r445",
      "r446",
      "r602",
      "r605",
      "r606",
      "r644",
      "r926",
      "r1002",
      "r1025",
      "r1026"
     ]
    },
    "us-gaap_LiabilityReserveEstimatePolicy": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LiabilityReserveEstimatePolicy",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Reserve Estimates",
        "label": "Liability Reserve Estimate, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for estimating its liability as of the balance sheet date for the ultimate cost of settling reported and unreported claims incurred and claims adjustment expenses (including effects of inflation and other societal and economic factors)."
       }
      }
     },
     "auth_ref": [
      "r138"
     ]
    },
    "mtn_LiftTicketsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "LiftTicketsMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lift",
        "label": "Lift Tickets [Member]",
        "documentation": "Lift Tickets [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LineOfCredit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LineOfCredit",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-term Line of Credit",
        "label": "Long-Term Line of Credit",
        "documentation": "The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement."
       }
      }
     },
     "auth_ref": [
      "r36",
      "r198",
      "r1033"
     ]
    },
    "us-gaap_LineOfCreditFacilityInitiationDate1": {
     "xbrltype": "dateItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LineOfCreditFacilityInitiationDate1",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Line of Credit Facility, Initiation Date",
        "label": "Line of Credit Facility, Initiation Date",
        "documentation": "Date the credit facility first became available, in YYYY-MM-DD format."
       }
      }
     },
     "auth_ref": [
      "r40"
     ]
    },
    "us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LineOfCreditFacilityMaximumBorrowingCapacity",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Line of Credit Facility, Maximum Borrowing Capacity",
        "label": "Line of Credit Facility, Maximum Borrowing Capacity",
        "documentation": "Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility."
       }
      }
     },
     "auth_ref": [
      "r40"
     ]
    },
    "us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Line of Credit Facility, Unused Capacity, Commitment Fee Percentage",
        "label": "Line of Credit Facility, Unused Capacity, Commitment Fee Percentage",
        "documentation": "The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LineOfCreditMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LineOfCreditMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Credit Facility Revolver [Member]",
        "label": "Line of Credit [Member]",
        "documentation": "A contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time, and under which borrowings outstanding may be either short-term or long-term, depending upon the particulars."
       }
      }
     },
     "auth_ref": []
    },
    "dei_LocalPhoneNumber": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "LocalPhoneNumber",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Local Phone Number",
        "label": "Local Phone Number",
        "documentation": "Local phone number for entity."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_LodgingExpensesNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "LodgingExpensesNet",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SegmentInformationDetails": {
       "parentTag": "mtn_ResortExpensesNet",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lodging",
        "label": "Lodging Expenses Net",
        "documentation": "Costs incurred that are directly related to generating lodging revenues, including labor and labor-related benefits and general and administrative expenses."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_LodgingMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "LodgingMember",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lodging [Member]",
        "label": "Lodging [Member]",
        "documentation": "Lodging [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_LodgingOperatingExpenseMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "LodgingOperatingExpenseMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lodging Operating Expense [Member]",
        "label": "Lodging Operating Expense [Member]",
        "documentation": "Lodging Operating Expense"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_LodgingRevenueNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "LodgingRevenueNet",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SegmentInformationDetails": {
       "parentTag": "mtn_ResortRevenueNet",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lodging",
        "label": "Lodging Revenue Net",
        "documentation": "Revenue generated from owned and managed hotels and condominiums, transportation, golf and other activities."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_LodgingrevenueexcludingpayrollcostreimbursementsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "LodgingrevenueexcludingpayrollcostreimbursementsMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Lodging revenue (excluding payroll cost reimbursements) [Member]",
        "label": "Lodging revenue (excluding payroll cost reimbursements) [Member]",
        "documentation": "Lodging revenue (excluding payroll cost reimbursements) [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LongTermDebt": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebt",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-term Debt",
        "totalLabel": "Long-term Debt",
        "label": "Long-Term Debt",
        "documentation": "Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation."
       }
      }
     },
     "auth_ref": [
      "r36",
      "r198",
      "r460",
      "r475",
      "r902",
      "r903",
      "r1033"
     ]
    },
    "us-gaap_LongTermDebtAndCapitalLeaseObligations": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtAndCapitalLeaseObligations",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-term debt, net (Note 6)",
        "label": "Long-Term Debt and Lease Obligation",
        "documentation": "Amount of long-term debt and lease obligation, classified as noncurrent."
       }
      }
     },
     "auth_ref": [
      "r36",
      "r722"
     ]
    },
    "us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtAndCapitalLeaseObligationsCurrent",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_LiabilitiesCurrent",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-term debt due within one year (Note 6)",
        "label": "Long-Term Debt and Lease Obligation, Current",
        "documentation": "Amount of long-term debt and lease obligation, classified as current."
       }
      }
     },
     "auth_ref": [
      "r42"
     ]
    },
    "us-gaap_LongTermDebtCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtCurrent",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Less: Current maturities",
        "label": "Long-Term Debt, Current Maturities",
        "documentation": "Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as current. Excludes lease obligation."
       }
      }
     },
     "auth_ref": [
      "r263"
     ]
    },
    "us-gaap_LongTermDebtFairValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtFairValue",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-term Debt, Fair Value",
        "label": "Long-Term Debt, Fair Value",
        "documentation": "The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails": {
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-Term Debt, Maturity, after Year Five",
        "verboseLabel": "Thereafter",
        "label": "Long-Term Debt, Maturity, after Year Five",
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r17",
      "r303",
      "r1006"
     ]
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails": {
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Long-Term Debt, Maturity, Year One",
        "terseLabel": "Long-Term Debt, Maturity, Year One",
        "label": "Long-Term Debt, Maturity, Year One",
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r17",
      "r303",
      "r465"
     ]
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails": {
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Long-Term Debt, Maturity, Year Five",
        "terseLabel": "2025",
        "label": "Long-Term Debt, Maturity, Year Five",
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r17",
      "r303",
      "r465"
     ]
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails": {
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Long-Term Debt, Maturity, Year Four",
        "terseLabel": "2024",
        "label": "Long-Term Debt, Maturity, Year Four",
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r17",
      "r303",
      "r465"
     ]
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails": {
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Long-Term Debt, Maturity, Year Three",
        "terseLabel": "2023",
        "label": "Long-Term Debt, Maturity, Year Three",
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r17",
      "r303",
      "r465"
     ]
    },
    "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails": {
       "parentTag": "us-gaap_LongTermDebt",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfAggregateMaturitiesForDebtOutstandingDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Long-Term Debt, Maturity, Year Two",
        "terseLabel": "2022",
        "label": "Long-Term Debt, Maturity, Year Two",
        "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
       }
      }
     },
     "auth_ref": [
      "r17",
      "r303",
      "r465"
     ]
    },
    "us-gaap_LongTermDebtNoncurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtNoncurrent",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Long-term debt, net",
        "label": "Long-Term Debt, Excluding Current Maturities",
        "documentation": "Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as noncurrent. Excludes lease obligation."
       }
      }
     },
     "auth_ref": [
      "r264"
     ]
    },
    "us-gaap_LongTermDebtOtherDisclosuresAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongTermDebtOtherDisclosuresAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-term Debt, Other Disclosures [Abstract]",
        "label": "Long-Term Debt, Other Disclosure [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_LongtermDebtTypeAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongtermDebtTypeAxis",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-term Debt, Type [Axis]",
        "label": "Long-Term Debt, Type [Axis]",
        "documentation": "Information by type of long-term debt."
       }
      }
     },
     "auth_ref": [
      "r46"
     ]
    },
    "us-gaap_LongtermDebtTypeDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LongtermDebtTypeDomain",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-term Debt, Type [Domain]",
        "label": "Long-Term Debt, Type [Domain]",
        "documentation": "Type of long-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer."
       }
      }
     },
     "auth_ref": [
      "r46",
      "r83"
     ]
    },
    "us-gaap_LossContingenciesByNatureOfContingencyAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LossContingenciesByNatureOfContingencyAxis",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Loss Contingencies by Nature of Contingency [Axis]",
        "label": "Loss Contingency Nature [Axis]",
        "documentation": "Information by type of existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur."
       }
      }
     },
     "auth_ref": [
      "r428",
      "r429",
      "r430",
      "r433",
      "r998",
      "r999"
     ]
    },
    "us-gaap_LossContingenciesTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LossContingenciesTable",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Loss Contingencies [Table]",
        "label": "Loss Contingencies [Table]",
        "documentation": "Discloses the specific components (such as the nature, name, and date) of the loss contingency and gives an estimate of the possible loss or range of loss, or states that a reasonable estimate cannot be made. Excludes environmental contingencies, warranties and unconditional purchase obligations."
       }
      }
     },
     "auth_ref": [
      "r428",
      "r429",
      "r430",
      "r433",
      "r998",
      "r999"
     ]
    },
    "us-gaap_LossContingencyNatureDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "LossContingencyNatureDomain",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Loss Contingency, Nature [Domain]",
        "label": "Loss Contingency, Nature [Domain]",
        "documentation": "An existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur. Resolution of the uncertainty may confirm the incurrence of a loss or impairment of an asset or the incurrence of a liability."
       }
      }
     },
     "auth_ref": [
      "r428",
      "r429",
      "r430",
      "r433",
      "r998",
      "r999"
     ]
    },
    "us-gaap_MachineryAndEquipmentGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "MachineryAndEquipmentGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails": {
       "parentTag": "us-gaap_PropertyPlantAndEquipmentGross",
       "weight": 1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Machinery and equipment",
        "label": "Machinery and Equipment, Gross",
        "documentation": "Amount before accumulated depreciation of tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment."
       }
      }
     },
     "auth_ref": [
      "r170"
     ]
    },
    "us-gaap_MachineryAndEquipmentMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "MachineryAndEquipmentMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Machinery and Equipment [Member]",
        "label": "Machinery and Equipment [Member]",
        "documentation": "Tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MadRiverMountainMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MadRiverMountainMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mad River Mountain",
        "label": "Mad River Mountain [Member]",
        "documentation": "Mad River Mountain"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ManagedcondominiumroomsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ManagedcondominiumroomsMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Managed condominium rooms",
        "label": "Managed condominium rooms [Member]",
        "documentation": "Managed condominium rooms [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "srt_MaximumMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "MaximumMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Maximum [Member]",
        "label": "Maximum [Member]"
       }
      }
     },
     "auth_ref": [
      "r429",
      "r430",
      "r431",
      "r432",
      "r506",
      "r701",
      "r759",
      "r799",
      "r800",
      "r853",
      "r855",
      "r857",
      "r858",
      "r860",
      "r880",
      "r881",
      "r896",
      "r906",
      "r919",
      "r928",
      "r1004",
      "r1027",
      "r1028",
      "r1029",
      "r1030",
      "r1031",
      "r1032"
     ]
    },
    "mtn_MinimumCapitalLeasePaymentAnnual": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MinimumCapitalLeasePaymentAnnual",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Minimum Capital Lease Payment, Annual",
        "label": "Minimum Capital Lease Payment, Annual",
        "documentation": "Minimum amount of payment required annually for capital lease."
       }
      }
     },
     "auth_ref": []
    },
    "srt_MinimumMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "MinimumMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Minimum [Member]",
        "label": "Minimum [Member]"
       }
      }
     },
     "auth_ref": [
      "r429",
      "r430",
      "r431",
      "r432",
      "r506",
      "r701",
      "r759",
      "r799",
      "r800",
      "r853",
      "r855",
      "r857",
      "r858",
      "r860",
      "r880",
      "r881",
      "r896",
      "r906",
      "r919",
      "r928",
      "r1004",
      "r1027",
      "r1028",
      "r1029",
      "r1030",
      "r1031",
      "r1032"
     ]
    },
    "us-gaap_MinorityInterest": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "MinorityInterest",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Noncontrolling interests",
        "label": "Equity, Attributable to Noncontrolling Interest",
        "documentation": "Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity."
       }
      }
     },
     "auth_ref": [
      "r49",
      "r199",
      "r300",
      "r382",
      "r434",
      "r437",
      "r438",
      "r439",
      "r445",
      "r446",
      "r644",
      "r728",
      "r811"
     ]
    },
    "us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Distributions to noncontrolling interests, net",
        "label": "Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders",
        "documentation": "Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders."
       }
      }
     },
     "auth_ref": [
      "r179"
     ]
    },
    "us-gaap_MoneyMarketFundsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "MoneyMarketFundsMember",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Money Market Funds [Member]",
        "label": "Money Market Funds [Member]",
        "documentation": "Fund that invests in short-term money-market instruments, for example, but not limited to, commercial paper, banker's acceptances, repurchase agreements, government securities, certificates of deposit, and other highly liquid securities."
       }
      }
     },
     "auth_ref": [
      "r1008"
     ]
    },
    "mtn_MountSnowSecuredNoteMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountSnowSecuredNoteMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mount Snow Secured Note [Member]",
        "label": "Mount Snow Secured Note [Member]",
        "documentation": "Mount Snow Secured Note [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MountainEquityInvestmentIncomeLossNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountainEquityInvestmentIncomeLossNet",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mountain equity investment income, net",
        "label": "Mountain Equity Investment Income Loss Net",
        "documentation": "The Company's share of income (loss) from the operations of unconsolidated subsidiaries associated with the mountain segment."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MountainExpensesNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountainExpensesNet",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SegmentInformationDetails": {
       "parentTag": "mtn_ResortExpensesNet",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mountain",
        "label": "Mountain Expenses Net",
        "documentation": "Costs incurred that are directly related to generating mountain revenue, including labor and labor-related benefits, retail cost of sales, resort related fees and general and administrative expenses."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MountainMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountainMember",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mountain [Member]",
        "label": "Mountain [Member]",
        "documentation": "Mountain [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MountainOperatingExpenseMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountainOperatingExpenseMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mountain Operating Expense [Member]",
        "label": "Mountain Operating Expense [Member]",
        "documentation": "Mountain Operating Expense"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MountainRevenueNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountainRevenueNet",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SegmentInformationDetails": {
       "parentTag": "mtn_ResortRevenueNet",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mountain Revenue Net",
        "netLabel": "Mountain",
        "label": "Mountain Revenue Net",
        "documentation": "Revenue mainly derived from the sale of lift tickets and season ski passes, ski school, food and beverage, retail/rental and other revenue associated with mountain operations."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MountainandLodgingcostofproductssold": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountainandLodgingcostofproductssold",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "mtn_OperatingCostsExpensesAndCostOfSales",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mountain and Lodging retail and dining cost of products sold",
        "label": "Mountain and Lodging cost of products sold",
        "documentation": "Mountain and Lodging retail and dining cost of products sold"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MountainandLodginggeneralandadministrativeexpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountainandLodginggeneralandadministrativeexpense",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "mtn_OperatingCostsExpensesAndCostOfSales",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "General and administrative",
        "label": "Mountain and Lodging general and administrative expense",
        "documentation": "Mountain and Lodging general and administrative expense"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MountainandLodgingoperatingexpenses": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountainandLodgingoperatingexpenses",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "mtn_OperatingCostsExpensesAndCostOfSales",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mountain and Lodging operating expense",
        "label": "Mountain and Lodging operating expenses",
        "documentation": "Mountain and Lodging operating expenses"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MountainandLodgingretailanddiningrevenue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountainandLodgingretailanddiningrevenue",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_Revenues",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mountain and Lodging retail and dining",
        "label": "Mountain and Lodging retail and dining revenue",
        "documentation": "Mountain and Lodging retail and dining revenue"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MountainandLodgingservicesandotherrevenue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MountainandLodgingservicesandotherrevenue",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_Revenues",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Mountain and Lodging services and other",
        "label": "Mountain and Lodging services and other revenue",
        "documentation": "Mountain and Lodging services and other revenue"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MtnBusinessCombinationRemainderPayment": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MtnBusinessCombinationRemainderPayment",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "mtn:BusinessCombinationRemainderPayment",
        "label": "mtn:BusinessCombinationRemainderPayment",
        "documentation": "mtn:BusinessCombinationRemainderPayment"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MtnInterestRateSwapNotionalAmount": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MtnInterestRateSwapNotionalAmount",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "mtn:InterestRateSwapNotionalAmount",
        "label": "mtn:InterestRateSwapNotionalAmount",
        "documentation": "mtn:InterestRateSwapNotionalAmount"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_MunicipalityOfTujetschMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "MunicipalityOfTujetschMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Municipality of Tujetsch",
        "label": "Municipality of Tujetsch [Member]",
        "documentation": "Municipality of Tujetsch"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_NRPLoanMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "NRPLoanMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "NRP Loan",
        "label": "NRP Loan [Member]",
        "documentation": "NRP Loan"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_NetCashProvidedByUsedInFinancingActivities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NetCashProvidedByUsedInFinancingActivities",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Net cash used in financing activities",
        "label": "Net Cash Provided by (Used in) Financing Activities",
        "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit."
       }
      }
     },
     "auth_ref": [
      "r294"
     ]
    },
    "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash flows from financing activities:",
        "label": "Net Cash Provided by (Used in) Financing Activities [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_NetCashProvidedByUsedInInvestingActivities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NetCashProvidedByUsedInInvestingActivities",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Net cash used in investing activities",
        "label": "Net Cash Provided by (Used in) Investing Activities",
        "documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets."
       }
      }
     },
     "auth_ref": [
      "r294"
     ]
    },
    "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash flows from investing activities:",
        "label": "Net Cash Provided by (Used in) Investing Activities [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_NetCashProvidedByUsedInOperatingActivities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NetCashProvidedByUsedInOperatingActivities",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Net cash provided by operating activities",
        "label": "Net Cash Provided by (Used in) Operating Activities",
        "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities."
       }
      }
     },
     "auth_ref": [
      "r161",
      "r162",
      "r163"
     ]
    },
    "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash flows from operating activities:",
        "label": "Net Cash Provided by (Used in) Operating Activities [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_NetIncomeLoss": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NetIncomeLoss",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Net income attributable to Vail Resorts, Inc.",
        "verboseLabel": "Net income (loss) attributable to Vail Resorts, Inc.",
        "terseLabel": "Net income",
        "label": "Net Income (Loss) Attributable to Parent",
        "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent."
       }
      }
     },
     "auth_ref": [
      "r154",
      "r163",
      "r202",
      "r252",
      "r276",
      "r279",
      "r284",
      "r300",
      "r310",
      "r315",
      "r316",
      "r317",
      "r318",
      "r321",
      "r322",
      "r330",
      "r345",
      "r359",
      "r365",
      "r368",
      "r382",
      "r434",
      "r435",
      "r437",
      "r438",
      "r439",
      "r441",
      "r443",
      "r445",
      "r446",
      "r632",
      "r644",
      "r736",
      "r829",
      "r848",
      "r849",
      "r895",
      "r937",
      "r1002"
     ]
    },
    "us-gaap_NetIncomeLossAttributableToNoncontrollingInterest": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NetIncomeLossAttributableToNoncontrollingInterest",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_NetIncomeLoss",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Net income attributable to noncontrolling interests",
        "terseLabel": "Net Income (Loss) Attributable to Noncontrolling Interest",
        "label": "Net Income (Loss) Attributable to Noncontrolling Interest",
        "documentation": "Amount of Net Income (Loss) attributable to noncontrolling interest."
       }
      }
     },
     "auth_ref": [
      "r117",
      "r191",
      "r276",
      "r279",
      "r321",
      "r322",
      "r735",
      "r965"
     ]
    },
    "us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "New Accounting Standards",
        "label": "Accounting Standards Update and Change in Accounting Principle [Text Block]",
        "documentation": "The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle."
       }
      }
     },
     "auth_ref": [
      "r222",
      "r223",
      "r225",
      "r250",
      "r308",
      "r309",
      "r312",
      "r313",
      "r323",
      "r324",
      "r387",
      "r388",
      "r582",
      "r583",
      "r584",
      "r617",
      "r628",
      "r634",
      "r635",
      "r636",
      "r649",
      "r650",
      "r651",
      "r673",
      "r674",
      "r696",
      "r708",
      "r709",
      "r710",
      "r766",
      "r767",
      "r768",
      "r769",
      "r771"
     ]
    },
    "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "New Accounting Pronouncements, Policy [Policy Text Block]",
        "label": "New Accounting Pronouncements, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NoncontrollingInterestIncreaseFromBusinessCombination",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Noncontrolling Interest, Increase from Business Combination",
        "label": "Noncontrolling Interest, Increase from Business Combination",
        "documentation": "Amount of increase in noncontrolling interest from a business combination."
       }
      }
     },
     "auth_ref": [
      "r24",
      "r88",
      "r110"
     ]
    },
    "us-gaap_NoncontrollingInterestMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NoncontrollingInterestMember",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Noncontrolling Interest [Member]",
        "label": "Noncontrolling Interest [Member]",
        "documentation": "This element represents that portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to the parent. A noncontrolling interest is sometimes called a minority interest."
       }
      }
     },
     "auth_ref": [
      "r112",
      "r483",
      "r975",
      "r976",
      "r977",
      "r1037"
     ]
    },
    "us-gaap_NoncurrentAssets": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NoncurrentAssets",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Property, Plant and Equipment, Net",
        "label": "Long-Lived Assets",
        "documentation": "Long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets."
       }
      }
     },
     "auth_ref": [
      "r373"
     ]
    },
    "mtn_NorthstarMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "NorthstarMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Northstar [Member]",
        "label": "Northstar [Member]",
        "documentation": "Northstar [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_NorthstarResortFinanceLeasesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "NorthstarResortFinanceLeasesMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Northstar Resort Finance Leases",
        "label": "Northstar Resort Finance Leases [Member]",
        "documentation": "Northstar Resort Finance Leases"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_NotesAndLoansPayable": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "NotesAndLoansPayable",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Notes and Loans Payable",
        "label": "Notes and Loans Payable",
        "documentation": "Including the current and noncurrent portions, carrying value as of the balance sheet date of all notes and loans payable (with maturities initially due after one year or beyond the operating cycle if longer)."
       }
      }
     },
     "auth_ref": [
      "r36",
      "r198",
      "r1033"
     ]
    },
    "mtn_NumberOfOptionalLeaseRenewalTerms": {
     "xbrltype": "integerItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "NumberOfOptionalLeaseRenewalTerms",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Number of optional renewal terms",
        "label": "Number Of Optional Lease Renewal Terms",
        "documentation": "Number of optional renewal terms"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_NumberOfRestrictedStockUnitsVestedDuringPeriod": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "NumberOfRestrictedStockUnitsVestedDuringPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Awards, vested (in shares)",
        "label": "The Number Of Restricted Stock Units Vested During The Period",
        "documentation": "The number of restricted stock units vested during the period."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_OperatingCashOutflowsforFinanceLeases": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "OperatingCashOutflowsforFinanceLeases",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Cash Outflows for Finance Leases",
        "label": "Operating Cash Outflows for Finance Leases",
        "documentation": "Operating Cash Outflows for Finance Leases"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_OperatingCostsExpensesAndCostOfSales": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "OperatingCostsExpensesAndCostOfSales",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_OperatingIncomeLoss",
       "weight": -1.0,
       "order": 2.0
      },
      "http://www.vailresorts.com/role/SegmentInformationDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Total segment operating expense",
        "label": "Operating Costs Expenses And Cost Of Sales",
        "documentation": "Generally recurring costs associated with normal operations including costs of sales or services and General and Administrative Expense."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_OperatingExpensesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingExpensesAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Total segment operating expense",
        "label": "Operating Expenses [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_OperatingIncomeLoss": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingIncomeLoss",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Income from operations",
        "label": "Operating Income (Loss)",
        "documentation": "The net result for the period of deducting operating expenses from operating revenues."
       }
      }
     },
     "auth_ref": [
      "r345",
      "r359",
      "r365",
      "r368",
      "r895"
     ]
    },
    "us-gaap_OperatingLeaseCost": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingLeaseCost",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Lease, Cost",
        "label": "Operating Lease, Cost",
        "documentation": "Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability."
       }
      }
     },
     "auth_ref": [
      "r683",
      "r925"
     ]
    },
    "us-gaap_OperatingLeaseExpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingLeaseExpense",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Lease, Expense",
        "label": "Operating Lease, Expense",
        "documentation": "Amount of operating lease expense. Excludes sublease income."
       }
      }
     },
     "auth_ref": [
      "r1022"
     ]
    },
    "us-gaap_OperatingLeaseLiability": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingLeaseLiability",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Lease, Liability",
        "label": "Operating Lease, Liability",
        "documentation": "Present value of lessee's discounted obligation for lease payments from operating lease."
       }
      }
     },
     "auth_ref": [
      "r677"
     ]
    },
    "us-gaap_OperatingLeaseLiabilityNoncurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingLeaseLiabilityNoncurrent",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating lease liabilities (Note 4)",
        "label": "Operating Lease, Liability, Noncurrent",
        "documentation": "Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent."
       }
      }
     },
     "auth_ref": [
      "r677"
     ]
    },
    "us-gaap_OperatingLeasePayments": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingLeasePayments",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Lease, Payments",
        "label": "Operating Lease, Payments",
        "documentation": "Amount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use."
       }
      }
     },
     "auth_ref": [
      "r680",
      "r686"
     ]
    },
    "us-gaap_OperatingLeaseRightOfUseAsset": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingLeaseRightOfUseAsset",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Assets",
       "weight": 1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating right-of-use assets (Note 4)",
        "label": "Operating Lease, Right-of-Use Asset",
        "documentation": "Amount of lessee's right to use underlying asset under operating lease."
       }
      }
     },
     "auth_ref": [
      "r676"
     ]
    },
    "us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingLeaseWeightedAverageDiscountRatePercent",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Lease, Weighted Average Discount Rate, Percent",
        "label": "Operating Lease, Weighted Average Discount Rate, Percent",
        "documentation": "Weighted average discount rate for operating lease calculated at point in time."
       }
      }
     },
     "auth_ref": [
      "r689",
      "r925"
     ]
    },
    "us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1": {
     "xbrltype": "durationItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingLeaseWeightedAverageRemainingLeaseTerm1",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Lease, Weighted Average Remaining Lease Term",
        "label": "Operating Lease, Weighted Average Remaining Lease Term",
        "documentation": "Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days."
       }
      }
     },
     "auth_ref": [
      "r688",
      "r925"
     ]
    },
    "us-gaap_OperatingLossCarryforwards": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OperatingLossCarryforwards",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Operating Loss Carryforwards",
        "label": "Operating Loss Carryforwards",
        "documentation": "Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws."
       }
      }
     },
     "auth_ref": [
      "r101"
     ]
    },
    "mtn_OptionalLeaseRenewalTerm": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "OptionalLeaseRenewalTerm",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Optional Lease Renewal Term",
        "label": "Optional Lease Renewal Term",
        "documentation": "Number of years in optional renewal terms."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Organization, Consolidation and Presentation of Financial Statements [Abstract]",
        "label": "Organization, Consolidation and Presentation of Financial Statements [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/OrganizationandBusiness"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Organization and Business",
        "label": "Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]",
        "documentation": "The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure."
       }
      }
     },
     "auth_ref": [
      "r139",
      "r189",
      "r772",
      "r773"
     ]
    },
    "us-gaap_OtherAccruedLiabilitiesCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherAccruedLiabilitiesCurrent",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails": {
       "parentTag": "mtn_AccountsPayableAccruedLiabilities",
       "weight": 1.0,
       "order": 7.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other accruals",
        "label": "Other Accrued Liabilities, Current",
        "documentation": "Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer."
       }
      }
     },
     "auth_ref": [
      "r42"
     ]
    },
    "us-gaap_OtherAssetsCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherAssetsCurrent",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_AssetsCurrent",
       "weight": 1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other current assets",
        "label": "Other Assets, Current",
        "documentation": "Amount of current assets classified as other."
       }
      }
     },
     "auth_ref": [
      "r272",
      "r926"
     ]
    },
    "us-gaap_OtherAssetsMiscellaneousCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherAssetsMiscellaneousCurrent",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other Assets, Miscellaneous, Current",
        "label": "Other Assets, Miscellaneous, Current",
        "documentation": "Amount of other miscellaneous assets expected to be realized or consumed within one year or operating cycle, if longer."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_OtherAssetsNoncurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherAssetsNoncurrent",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Assets",
       "weight": 1.0,
       "order": 7.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other assets",
        "label": "Other Assets, Noncurrent",
        "documentation": "Amount of noncurrent assets classified as other."
       }
      }
     },
     "auth_ref": [
      "r261"
     ]
    },
    "us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Change in estimated fair value of hedging instruments, net of tax",
        "label": "Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax",
        "documentation": "Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness."
       }
      }
     },
     "auth_ref": [
      "r274",
      "r275"
     ]
    },
    "us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome": {
       "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "netLabel": "Foreign currency translation adjustments",
        "verboseLabel": "Foreign currency translation adjustments",
        "label": "Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax",
        "documentation": "Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature."
       }
      }
     },
     "auth_ref": [
      "r10"
     ]
    },
    "us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome": {
       "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Comprehensive loss (income) attributable to noncontrolling interests",
        "label": "Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest",
        "documentation": "Amount after tax of other comprehensive income (loss) attributable to noncontrolling interests."
       }
      }
     },
     "auth_ref": [
      "r12",
      "r25",
      "r190",
      "r277",
      "r280"
     ]
    },
    "us-gaap_OtherCurrentAssetsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherCurrentAssetsTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other Current Assets",
        "label": "Other Current Assets [Text Block]",
        "documentation": "The entire disclosure for other current assets."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_OtherDebtMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "OtherDebtMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other [Member]",
        "label": "Other Debt [Member]",
        "documentation": "Other Debt [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_OtherFiniteLivedIntangibleAssetsGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherFiniteLivedIntangibleAssetsGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails": {
       "parentTag": "us-gaap_FiniteLivedIntangibleAssetsGross",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other Finite-Lived Intangible Assets, Gross",
        "label": "Other Finite-Lived Intangible Assets, Gross",
        "documentation": "Amount before accumulated amortization of finite-lived intangible assets classified as other."
       }
      }
     },
     "auth_ref": [
      "r167"
     ]
    },
    "us-gaap_OtherIndefiniteLivedIntangibleAssets": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherIndefiniteLivedIntangibleAssets",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other Indefinite-lived Intangible Assets",
        "label": "Other Indefinite-Lived Intangible Assets",
        "documentation": "Amount after impairment of indefinite-lived intangible assets classified as other. Excludes financial assets and goodwill."
       }
      }
     },
     "auth_ref": [
      "r169"
     ]
    },
    "mtn_OtherLodgingRevenueMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "OtherLodgingRevenueMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other",
        "label": "Other Lodging Revenue [Member]",
        "documentation": "Other Lodging Revenue [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_OtherLongTermLiabilitiesNoncurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "OtherLongTermLiabilitiesNoncurrent",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Liabilities",
       "weight": 1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfOtherLongTermLiabilitiesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Other long-term liabilities",
        "terseLabel": "Total other long-term liabilities",
        "label": "Other Long Term Liabilities Noncurrent",
        "documentation": "Carrying amount as of the balance sheet date of noncurrent obligations which are expected to be settled after one year (or the normal operating cycle, if longer). Includes deferred revenue, unfavorable lease obligations and other long-term accrued liabilities."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_OtherMountainRevenueMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "OtherMountainRevenueMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other",
        "label": "Other Mountain Revenue [Member]",
        "documentation": "Other Mountain Revenue [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_OtherNoncashExpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherNoncashExpense",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0,
       "order": 8.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other Noncash Expense",
        "label": "Other Noncash Expense",
        "documentation": "Amount of expense or loss included in net income that result in no cash flow, classified as other."
       }
      }
     },
     "auth_ref": [
      "r163"
     ]
    },
    "us-gaap_OtherNoncashIncome": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "OtherNoncashIncome",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": -1.0,
       "order": 7.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Other non-cash (income) expense, net",
        "label": "Other Noncash Income",
        "documentation": "Amount of income or gain included in net income that result in no cash inflow (outflow), classified as other."
       }
      }
     },
     "auth_ref": [
      "r163"
     ]
    },
    "mtn_OtherOperatingExpensesAndIncomeAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "OtherOperatingExpensesAndIncomeAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other operating (expense) income:",
        "label": "Other Operating Expenses And Income [Abstract]",
        "documentation": "Other operating expenses and income abstract."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_OwnedHotelRevenueMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "OwnedHotelRevenueMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Owned hotel rooms",
        "label": "Owned Hotel Revenue [Member]",
        "documentation": "Owned Hotel Revenue [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_PaymentsForProceedsFromOtherInvestingActivities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PaymentsForProceedsFromOtherInvestingActivities",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0,
       "order": 8.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Other investing activities, net",
        "label": "Payments for (Proceeds from) Other Investing Activities",
        "documentation": "Amount of cash (inflow) outflow from investing activities classified as other."
       }
      }
     },
     "auth_ref": [
      "r955",
      "r966"
     ]
    },
    "us-gaap_PaymentsForRent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PaymentsForRent",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Payments for Rent",
        "label": "Payments for Rent",
        "documentation": "Cash payments to lessor's for use of assets under operating leases."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "us-gaap_PaymentsForRepurchaseOfCommonStock": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PaymentsForRepurchaseOfCommonStock",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0,
       "order": 7.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Repurchases of common stock",
        "terseLabel": "Repurchases of Common Stock",
        "label": "Payments for Repurchase of Common Stock",
        "documentation": "The cash outflow to reacquire common stock during the period."
       }
      }
     },
     "auth_ref": [
      "r56"
     ]
    },
    "us-gaap_PaymentsForRepurchaseOfEquityAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PaymentsForRepurchaseOfEquityAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Payments for Repurchase of Equity [Abstract]",
        "label": "Payments for Repurchase of Equity [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_PaymentsOfDividends": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PaymentsOfDividends",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0,
       "order": 8.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Dividends paid",
        "terseLabel": "Dividends (Note 3)",
        "label": "Payments of Dividends",
        "documentation": "Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests."
       }
      }
     },
     "auth_ref": [
      "r56"
     ]
    },
    "us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PaymentsRelatedToTaxWithholdingForShareBasedCompensation",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Employee taxes paid for share award exercises",
        "label": "Payment, Tax Withholding, Share-Based Payment Arrangement",
        "documentation": "Amount of cash outflow to satisfy grantee's tax withholding obligation for award under share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r291"
     ]
    },
    "us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PaymentsToAcquireBusinessesNetOfCashAcquired",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Acquisition of businesses, net of cash acquired",
        "terseLabel": "Payments to Acquire Businesses, Net of Cash Acquired",
        "label": "Payments to Acquire Businesses, Net of Cash Acquired",
        "documentation": "The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase."
       }
      }
     },
     "auth_ref": [
      "r54"
     ]
    },
    "us-gaap_PaymentsToAcquireProductiveAssets": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PaymentsToAcquireProductiveAssets",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Capital expenditures",
        "label": "Payments to Acquire Productive Assets",
        "documentation": "The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets."
       }
      }
     },
     "auth_ref": [
      "r210",
      "r1016",
      "r1017",
      "r1018"
     ]
    },
    "us-gaap_PaymentsToAcquireShortTermInvestments": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PaymentsToAcquireShortTermInvestments",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": -1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Investments in short-term deposits",
        "label": "Payments to Acquire Short-Term Investments",
        "documentation": "The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term."
       }
      }
     },
     "auth_ref": [
      "r160"
     ]
    },
    "mtn_PayrollcostreimbursementsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "PayrollcostreimbursementsMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Payroll cost reimbursements",
        "label": "Payroll cost reimbursements [Member]",
        "documentation": "Payroll cost reimbursements [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_PeakResortsInc.Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "PeakResortsInc.Member",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Peak Resorts, Inc. [Member]",
        "label": "Peak Resorts, Inc. [Member]",
        "documentation": "Peak Resorts, Inc. [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_PerisherMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "PerisherMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Perisher [Member]",
        "label": "Perisher [Member]",
        "documentation": "Perisher [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_PreferredStockParOrStatedValuePerShare": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PreferredStockParOrStatedValuePerShare",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Preferred stock, par value (in dollars per share)",
        "label": "Preferred Stock, Par or Stated Value Per Share",
        "documentation": "Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer."
       }
      }
     },
     "auth_ref": [
      "r144",
      "r478"
     ]
    },
    "us-gaap_PreferredStockSharesAuthorized": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PreferredStockSharesAuthorized",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Preferred stock, shares authorized",
        "label": "Preferred Stock, Shares Authorized",
        "documentation": "The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws."
       }
      }
     },
     "auth_ref": [
      "r144",
      "r809"
     ]
    },
    "us-gaap_PreferredStockSharesIssued": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PreferredStockSharesIssued",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Preferred stock, shares issued",
        "label": "Preferred Stock, Shares Issued",
        "documentation": "Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt."
       }
      }
     },
     "auth_ref": [
      "r144",
      "r478"
     ]
    },
    "us-gaap_PreferredStockSharesOutstanding": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PreferredStockSharesOutstanding",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Preferred stock, shares outstanding",
        "label": "Preferred Stock, Shares Outstanding",
        "documentation": "Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased."
       }
      }
     },
     "auth_ref": [
      "r144",
      "r809",
      "r827",
      "r1037",
      "r1038"
     ]
    },
    "us-gaap_PreferredStockValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PreferredStockValue",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_StockholdersEquity",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Preferred stock, $0.01 par value, 25,000 shares authorized, no shares issued and outstanding",
        "label": "Preferred Stock, Value, Issued",
        "documentation": "Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity."
       }
      }
     },
     "auth_ref": [
      "r144",
      "r724",
      "r926"
     ]
    },
    "us-gaap_PrepaidExpenseCurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PrepaidExpenseCurrent",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Prepaid Expense, Current",
        "label": "Prepaid Expense, Current",
        "documentation": "Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer."
       }
      }
     },
     "auth_ref": [
      "r271",
      "r398",
      "r399",
      "r888"
     ]
    },
    "mtn_PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "PresentationofNetDeferredTaxLiabilitiesandAssetsAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Presentation of Net Deferred Tax Liabilities and Assets [Abstract]",
        "label": "Presentation of Net Deferred Tax Liabilities and Assets [Abstract]",
        "documentation": "Presentation of Net Deferred Tax Liabilities and Assets [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_PrivateClubRecognizedInitiationFeesAverageRemainingPeriod": {
     "xbrltype": "positiveIntegerItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "PrivateClubRecognizedInitiationFeesAverageRemainingPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesContractBalancesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Private Club Recognized Initiation Fees Average Remaining Period",
        "label": "Private Club Recognized Initiation Fees Average Remaining Period",
        "documentation": "Recognized private club initiation fees, average remaining period."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ProceedsFrom6.50SeniorNotes": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ProceedsFrom6.50SeniorNotes",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Proceeds from borrowings under 6.50% Notes",
        "label": "Proceeds from 6.50% Senior Notes",
        "documentation": "Proceeds from 6.50% Senior Notes"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ProceedsFromPaymentsForOtherFinancingActivities": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ProceedsFromPaymentsForOtherFinancingActivities",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": 1.0,
       "order": 9.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Other financing activities, net",
        "label": "Proceeds from (Payments for) Other Financing Activities",
        "documentation": "Amount of cash inflow (outflow) from financing activities classified as other."
       }
      }
     },
     "auth_ref": [
      "r956",
      "r967"
     ]
    },
    "us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ProceedsFromSaleMaturityAndCollectionsOfInvestments",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Maturity of short-term deposits",
        "label": "Proceeds from Sale, Maturity and Collection of Investments",
        "documentation": "The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period."
       }
      }
     },
     "auth_ref": [
      "r53"
     ]
    },
    "us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ProceedsFromSaleOfPropertyPlantAndEquipment",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
       "weight": 1.0,
       "order": 7.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash received from disposal of fixed assets",
        "label": "Proceeds from Sale of Property, Plant, and Equipment",
        "documentation": "The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale."
       }
      }
     },
     "auth_ref": [
      "r159"
     ]
    },
    "us-gaap_ProceedsFromUnsecuredNotesPayable": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ProceedsFromUnsecuredNotesPayable",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Proceeds from Unsecured Notes Payable",
        "label": "Proceeds from Unsecured Notes Payable",
        "documentation": "The cash inflow from borrowings supported by a written promise to pay an obligation that is uncollateralized (where debt is not backed by the pledge of collateral)."
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "srt_ProductOrServiceAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "ProductOrServiceAxis",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Product and Service [Axis]",
        "label": "Product and Service [Axis]"
       }
      }
     },
     "auth_ref": [
      "r370",
      "r703",
      "r753",
      "r754",
      "r755",
      "r756",
      "r757",
      "r758",
      "r884",
      "r907",
      "r927",
      "r959",
      "r1000",
      "r1001",
      "r1007",
      "r1034"
     ]
    },
    "srt_ProductsAndServicesDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "ProductsAndServicesDomain",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Product and Service [Domain]",
        "label": "Product and Service [Domain]"
       }
      }
     },
     "auth_ref": [
      "r370",
      "r703",
      "r753",
      "r754",
      "r755",
      "r756",
      "r757",
      "r758",
      "r884",
      "r907",
      "r927",
      "r959",
      "r1000",
      "r1001",
      "r1007",
      "r1034"
     ]
    },
    "us-gaap_ProfitLoss": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ProfitLoss",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_NetIncomeLoss",
       "weight": 1.0,
       "order": 1.0
      },
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome": {
       "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0,
       "order": 1.0
      },
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Net income",
        "terseLabel": "Net income",
        "verboseLabel": "Net income, including portion attributable to noncontrolling interest",
        "label": "Net Income (Loss), Including Portion Attributable to Noncontrolling Interest",
        "documentation": "The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest."
       }
      }
     },
     "auth_ref": [
      "r252",
      "r276",
      "r279",
      "r293",
      "r300",
      "r310",
      "r321",
      "r322",
      "r345",
      "r359",
      "r365",
      "r368",
      "r382",
      "r434",
      "r435",
      "r437",
      "r438",
      "r439",
      "r441",
      "r443",
      "r445",
      "r446",
      "r600",
      "r603",
      "r604",
      "r632",
      "r644",
      "r718",
      "r734",
      "r783",
      "r829",
      "r848",
      "r849",
      "r895",
      "r923",
      "r924",
      "r938",
      "r965",
      "r1002"
     ]
    },
    "us-gaap_PropertyPlantAndEquipmentByTypeAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PropertyPlantAndEquipmentByTypeAxis",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Property, Plant and Equipment by Type [Axis]",
        "terseLabel": "Long-Lived Tangible Asset [Axis]",
        "label": "Long-Lived Tangible Asset [Axis]",
        "documentation": "Information by type of long-lived, physical assets used to produce goods and services and not intended for resale."
       }
      }
     },
     "auth_ref": [
      "r16"
     ]
    },
    "us-gaap_PropertyPlantAndEquipmentGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PropertyPlantAndEquipmentGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails": {
       "parentTag": "us-gaap_PropertyPlantAndEquipmentNet",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Gross property, plant and equipment",
        "label": "Property, Plant and Equipment, Gross",
        "documentation": "Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures."
       }
      }
     },
     "auth_ref": [
      "r170",
      "r257",
      "r732"
     ]
    },
    "us-gaap_PropertyPlantAndEquipmentLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PropertyPlantAndEquipmentLineItems",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Property, Plant and Equipment [Line Items]",
        "label": "Property, Plant and Equipment [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_PropertyPlantAndEquipmentNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PropertyPlantAndEquipmentNet",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_Assets",
       "weight": 1.0,
       "order": 2.0
      },
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Property, plant and equipment, net (Note 8)",
        "totalLabel": "Property, plant and equipment, net",
        "terseLabel": "Property, Plant and Equipment, Net",
        "label": "Property, Plant and Equipment, Net",
        "documentation": "Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures."
       }
      }
     },
     "auth_ref": [
      "r16",
      "r719",
      "r732",
      "r926"
     ]
    },
    "us-gaap_PropertyPlantAndEquipmentPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PropertyPlantAndEquipmentPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Property, Plant and Equipment",
        "label": "Property, Plant and Equipment, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections."
       }
      }
     },
     "auth_ref": [
      "r16",
      "r216",
      "r220",
      "r730"
     ]
    },
    "us-gaap_PropertyPlantAndEquipmentTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PropertyPlantAndEquipmentTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Composition Of Property, Plant And Equipment",
        "label": "Property, Plant and Equipment [Table Text Block]",
        "documentation": "Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation."
       }
      }
     },
     "auth_ref": [
      "r16"
     ]
    },
    "us-gaap_PropertyPlantAndEquipmentTypeDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PropertyPlantAndEquipmentTypeDomain",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Long-Lived Tangible Asset [Domain]",
        "label": "Long-Lived Tangible Asset [Domain]",
        "documentation": "Listing of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software."
       }
      }
     },
     "auth_ref": [
      "r170"
     ]
    },
    "us-gaap_PropertyPlantAndEquipmentUsefulLife": {
     "xbrltype": "durationItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "PropertyPlantAndEquipmentUsefulLife",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Estimated life in years",
        "label": "Property, Plant and Equipment, Useful Life",
        "documentation": "Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_PropertyPlantandEquipmentunderCapitalLeaseAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "PropertyPlantandEquipmentunderCapitalLeaseAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Property, Plant and Equipment under Capital Lease [Abstract]",
        "label": "Property, Plant and Equipment under Capital Lease [Abstract]",
        "documentation": "Property, Plant and Equipment under Capital Lease [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "srt_RangeAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "RangeAxis",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Statistical Measurement [Axis]",
        "label": "Statistical Measurement [Axis]"
       }
      }
     },
     "auth_ref": [
      "r429",
      "r430",
      "r431",
      "r432",
      "r498",
      "r506",
      "r537",
      "r538",
      "r539",
      "r700",
      "r701",
      "r759",
      "r799",
      "r800",
      "r853",
      "r855",
      "r857",
      "r858",
      "r860",
      "r880",
      "r881",
      "r896",
      "r906",
      "r919",
      "r928",
      "r931",
      "r995",
      "r1004",
      "r1028",
      "r1029",
      "r1030",
      "r1031",
      "r1032"
     ]
    },
    "srt_RangeMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "RangeMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Statistical Measurement [Domain]",
        "label": "Statistical Measurement [Domain]"
       }
      }
     },
     "auth_ref": [
      "r429",
      "r430",
      "r431",
      "r432",
      "r498",
      "r506",
      "r537",
      "r538",
      "r539",
      "r700",
      "r701",
      "r759",
      "r799",
      "r800",
      "r853",
      "r855",
      "r857",
      "r858",
      "r860",
      "r880",
      "r881",
      "r896",
      "r906",
      "r919",
      "r928",
      "r931",
      "r995",
      "r1004",
      "r1028",
      "r1029",
      "r1030",
      "r1031",
      "r1032"
     ]
    },
    "srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Name of Property [Axis]",
        "label": "Name of Property [Axis]"
       }
      }
     },
     "auth_ref": [
      "r879",
      "r1039",
      "r1040",
      "r1041",
      "r1042",
      "r1043",
      "r1044",
      "r1045",
      "r1046"
     ]
    },
    "srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "RealEstateAndAccumulatedDepreciationNameOfPropertyDomain",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Name of Property [Domain]",
        "label": "Name of Property [Domain]"
       }
      }
     },
     "auth_ref": [
      "r879",
      "r1039",
      "r1040",
      "r1041",
      "r1042",
      "r1043",
      "r1044",
      "r1045",
      "r1046"
     ]
    },
    "mtn_RealEstateExpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RealEstateExpense",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "mtn_OperatingCostsExpensesAndCostOfSales",
       "weight": 1.0,
       "order": 1.0
      },
      "http://www.vailresorts.com/role/SegmentInformationDetails": {
       "parentTag": "mtn_OperatingCostsExpensesAndCostOfSales",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Real Estate",
        "terseLabel": "Real estate",
        "label": "Real estate expense",
        "documentation": "Costs incurred that are directly related to generating real estate revenues, including cost of sales (including sales commissions), labor and labor-related benefits, general and administrative expenses and other expenses."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_RealEstateHeldForDevelopmentAndSalePolicy": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RealEstateHeldForDevelopmentAndSalePolicy",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Real Estate Held for Sale and Investment",
        "label": "Real Estate Held for Development and Sale, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for real estate held for development or sale."
       }
      }
     },
     "auth_ref": [
      "r7"
     ]
    },
    "mtn_RealEstateOperatingExpenseMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RealEstateOperatingExpenseMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Real Estate Operating Expense [Member]",
        "label": "Real Estate Operating Expense [Member]",
        "documentation": "Real Estate Operating Expense"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_RealEstatePolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RealEstatePolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Real Estate Cost of Sales",
        "label": "Real Estate, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for entities that primarily develop and then sell real property at retail or otherwise."
       }
      }
     },
     "auth_ref": [
      "r0",
      "r126"
     ]
    },
    "mtn_RealEstateRevenue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RealEstateRevenue",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SegmentInformationDetails": {
       "parentTag": "us-gaap_Revenues",
       "weight": 1.0,
       "order": 2.0
      },
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_Revenues",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Real Estate",
        "label": "Real Estate Revenue",
        "documentation": "Real Estate Revenue"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_RealEstateSegmentMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RealEstateSegmentMember",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Real Estate Segment",
        "label": "Real Estate Segment [Member]",
        "documentation": "Real Estate Segment"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_RepaymentOfEB5DevelopmentNotes": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RepaymentOfEB5DevelopmentNotes",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Repayment of EB-5 Development Notes",
        "label": "Repayment of EB-5 Development Notes",
        "documentation": "Repayment of EB-5 Development Notes"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_RepaymentsOfBorrowingsUnder6.25Notes": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RepaymentsOfBorrowingsUnder6.25Notes",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Repayments of borrowings under 6.25% Notes",
        "label": "Repayments of borrowings under 6.25% Notes",
        "documentation": "Repayments of borrowings under 6.25% Notes"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_RepaymentsOfNotesPayable": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RepaymentsOfNotesPayable",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Repayments of Notes Payable",
        "label": "Repayments of Notes Payable",
        "documentation": "The cash outflow for a borrowing supported by a written promise to pay an obligation."
       }
      }
     },
     "auth_ref": [
      "r57"
     ]
    },
    "mtn_RepaymentsofTermLoan": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RepaymentsofTermLoan",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Repayments of borrowings under Vail Holdings Credit Agreement",
        "label": "Repayments of Term Loan",
        "documentation": "Repayments of Term Loan"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_RepaymentsofWhistlerCreditAgreementrevolver": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RepaymentsofWhistlerCreditAgreementrevolver",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
       "weight": -1.0,
       "order": 4.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Repayments of borrowings under Whistler Credit Agreement",
        "label": "Repayments of Whistler Credit Agreement revolver",
        "documentation": "Repayments of Whistler Credit Agreement revolver"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ResortExpensesNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ResortExpensesNet",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SegmentInformationDetails": {
       "parentTag": "mtn_OperatingCostsExpensesAndCostOfSales",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Resort operating expense",
        "totalLabel": "Resort",
        "label": "Resort Expenses Net",
        "documentation": "The sum of mountain and lodging segment operating expenses, net."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ResortMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ResortMember",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Resort [Member]",
        "label": "Resort [Member]",
        "documentation": "Resort [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ResortRevenueNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ResortRevenueNet",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/SegmentInformationDetails": {
       "parentTag": "us-gaap_Revenues",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Resort net revenue",
        "totalLabel": "Total Resort net revenue",
        "label": "Resort Revenue Net",
        "documentation": "The sum of mountain and lodging segment revenue."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RestrictedCashAndCashEquivalentsAtCarryingValue",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_AssetsCurrent",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Restricted cash",
        "label": "Restricted Cash and Cash Equivalents, Current",
        "documentation": "Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates."
       }
      }
     },
     "auth_ref": [
      "r59",
      "r256",
      "r297"
     ]
    },
    "us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Restricted Cash and Cash Equivalents [Axis]",
        "label": "Restricted Cash and Cash Equivalents [Axis]",
        "documentation": "Information by category of cash or cash equivalent items which are restricted as to withdrawal or usage."
       }
      }
     },
     "auth_ref": [
      "r38"
     ]
    },
    "us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cash and Cash Equivalents [Domain]",
        "label": "Cash and Cash Equivalents [Domain]",
        "documentation": "Type of cash and cash equivalent. Cash is currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates."
       }
      }
     },
     "auth_ref": [
      "r256"
     ]
    },
    "mtn_RestrictedStockUnitsRsusMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RestrictedStockUnitsRsusMember",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Restricted Stock Units (RSUs) [Member]",
        "label": "Restricted Stock Units (RSUs) [Member]",
        "documentation": "Restricted stock units (RSUs) as awarded by a company to their employees as a form of incentive compensation."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_RetailRentalMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RetailRentalMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Retail/Rental",
        "label": "Retail Rental [Member]",
        "documentation": "Retail Rental [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_RetainedEarningsAccumulatedDeficit": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RetainedEarningsAccumulatedDeficit",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_StockholdersEquity",
       "weight": 1.0,
       "order": 5.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Retained earnings",
        "label": "Retained Earnings (Accumulated Deficit)",
        "documentation": "Amount of accumulated undistributed earnings (deficit)."
       }
      }
     },
     "auth_ref": [
      "r147",
      "r179",
      "r727",
      "r766",
      "r771",
      "r780",
      "r810",
      "r926"
     ]
    },
    "us-gaap_RetainedEarningsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RetainedEarningsMember",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Retained Earnings [Member]",
        "label": "Retained Earnings [Member]",
        "documentation": "Accumulated undistributed earnings (deficit)."
       }
      }
     },
     "auth_ref": [
      "r247",
      "r304",
      "r305",
      "r306",
      "r311",
      "r320",
      "r322",
      "r386",
      "r394",
      "r546",
      "r547",
      "r548",
      "r580",
      "r581",
      "r611",
      "r614",
      "r615",
      "r619",
      "r630",
      "r762",
      "r764",
      "r784",
      "r1037"
     ]
    },
    "mtn_RetirementAndProfitSharingTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "RetirementAndProfitSharingTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/RetirementandProfitSharingPlans"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Retirement and Profit Sharing Plans",
        "label": "Retirement and Profit Sharing [Text Block]",
        "documentation": "Entire disclosure for defined contribtuion plan. A defined contribution plan provides benefits in return for services rendered, provides an individual account for each participant, and has terms that specify how contributions to the individual's account are to be determined rather than the amount of benefits the individual is to receive. Disclosure includes a description of the terms and benefits provided by the employer's defined contribution plans."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_RevenueFromContractWithCustomerTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RevenueFromContractWithCustomerTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesNotes"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Revenue from Contract with Customer [Text Block]",
        "label": "Revenue from Contract with Customer [Text Block]",
        "documentation": "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."
       }
      }
     },
     "auth_ref": [
      "r226",
      "r486",
      "r487",
      "r488",
      "r489",
      "r490",
      "r491",
      "r492",
      "r493",
      "r497"
     ]
    },
    "us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RevenueFromExternalCustomersByGeographicAreasTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Revenue and Properties, Plant and Equipment from External Customers by Geographic Areas [Table Text Block]",
        "label": "Revenue from External Customers by Geographic Areas [Table Text Block]",
        "documentation": "Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue."
       }
      }
     },
     "auth_ref": [
      "r34"
     ]
    },
    "us-gaap_RevenueRecognitionPolicyTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RevenueRecognitionPolicyTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Revenue Recognition",
        "label": "Revenue [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for revenue. Includes revenue from contract with customer and from other sources."
       }
      }
     },
     "auth_ref": [
      "r831",
      "r883",
      "r892"
     ]
    },
    "us-gaap_Revenues": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "Revenues",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations": {
       "parentTag": "us-gaap_OperatingIncomeLoss",
       "weight": 1.0,
       "order": 1.0
      },
      "http://www.vailresorts.com/role/SegmentInformationDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Total net revenue",
        "terseLabel": "Revenues",
        "label": "Revenues",
        "documentation": "Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss)."
       }
      }
     },
     "auth_ref": [
      "r286",
      "r300",
      "r346",
      "r347",
      "r358",
      "r363",
      "r364",
      "r370",
      "r372",
      "r374",
      "r382",
      "r434",
      "r435",
      "r437",
      "r438",
      "r439",
      "r441",
      "r443",
      "r445",
      "r446",
      "r644",
      "r718",
      "r1002"
     ]
    },
    "us-gaap_RevenuesAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RevenuesAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Net revenue:",
        "label": "Revenues [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RevenuesFromExternalCustomersAndLongLivedAssetsLineItems",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Revenues from External Customers and Long-Lived Assets [Line Items]",
        "label": "Revenues from External Customers and Long-Lived Assets [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Right-of-Use Asset Obtained in Exchange for Finance Lease Liability",
        "label": "Right-of-Use Asset Obtained in Exchange for Finance Lease Liability",
        "documentation": "Amount of increase in right-of-use asset obtained in exchange for finance lease liability."
       }
      }
     },
     "auth_ref": [
      "r687",
      "r925"
     ]
    },
    "us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Right-of-Use Asset Obtained in Exchange for Operating Lease Liability",
        "label": "Right-of-Use Asset Obtained in Exchange for Operating Lease Liability",
        "documentation": "Amount of increase in right-of-use asset obtained in exchange for operating lease liability."
       }
      }
     },
     "auth_ref": [
      "r687",
      "r925"
     ]
    },
    "us-gaap_SaleLeasebackTransactionHistoricalCost": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SaleLeasebackTransactionHistoricalCost",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Sale Leaseback Transaction, Historical Cost",
        "label": "Sale Leaseback Transaction, Historical Cost",
        "documentation": "The historical cost of the asset(s) sold in connection with the sale of the property to another party and the lease of the property back to the seller."
       }
      }
     },
     "auth_ref": [
      "r207",
      "r208",
      "r209",
      "r1024"
     ]
    },
    "us-gaap_SalesAndExciseTaxPayableCurrentAndNoncurrent": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SalesAndExciseTaxPayableCurrentAndNoncurrent",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Sales and Excise Tax Payable",
        "label": "Sales and Excise Tax Payable",
        "documentation": "Carrying value as of the balance sheet date of liabilities incurred through that date and payable for statutory sales and use taxes, including value added tax."
       }
      }
     },
     "auth_ref": [
      "r134"
     ]
    },
    "srt_ScenarioForecastMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "ScenarioForecastMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Forecast [Member]",
        "label": "Forecast [Member]"
       }
      }
     },
     "auth_ref": [
      "r507",
      "r978"
     ]
    },
    "srt_ScenarioUnspecifiedDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "ScenarioUnspecifiedDomain",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Scenario [Domain]",
        "label": "Scenario [Domain]"
       }
      }
     },
     "auth_ref": [
      "r323",
      "r507",
      "r951",
      "r978"
     ]
    },
    "us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Components Of Accounts Payable And Accrued Liabilities",
        "label": "Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]",
        "documentation": "Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfBusinessAcquisitionsByAcquisitionTable",
     "presentation": [
      "http://www.vailresorts.com/role/Acquisitions",
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/AcquisitionsTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Business Acquisitions, by Acquisition [Table]",
        "label": "Schedule of Business Acquisitions, by Acquisition [Table]",
        "documentation": "Schedule reflecting each material business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities."
       }
      }
     },
     "auth_ref": [
      "r103",
      "r107",
      "r594"
     ]
    },
    "us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/AcquisitionsTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Business Acquisitions, by Acquisition",
        "label": "Schedule of Business Acquisitions, by Acquisition [Table Text Block]",
        "documentation": "Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts."
       }
      }
     },
     "auth_ref": [
      "r103",
      "r107"
     ]
    },
    "us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Carrying Values and Estimated Fair Values of Debt Instruments",
        "label": "Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]",
        "documentation": "Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ScheduleOfChangeInAccountingEstimateTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfChangeInAccountingEstimateTable",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Change in Accounting Estimate [Table]",
        "label": "Schedule of Change in Accounting Estimate [Table]",
        "documentation": "A summarization of the nature of changes in accounting estimates, including changes that occur in interim periods. Changes in accounting estimate have the effect of adjusting the carrying amounts of existing assets or liabilities or altering the subsequent accounting for existing or future assets or liabilities. Changes in accounting estimates are a necessary consequence of assessments, in conjunction with the periodic presentation of financial statements, of the present status and expected future benefits and obligations associated with assets and liabilities. Changes in accounting estimates result from new or better information. Examples of items for which estimates are necessary are uncollectible receivables, inventory obsolescence, service lives and salvage values of depreciable assets, warranty obligations, and regulatory reviews."
       }
      }
     },
     "auth_ref": [
      "r65",
      "r318"
     ]
    },
    "us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Components Of Provision (Benefit) For Income Taxes",
        "label": "Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]",
        "documentation": "Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years."
       }
      }
     },
     "auth_ref": [
      "r184"
     ]
    },
    "us-gaap_ScheduleOfDebtInstrumentsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfDebtInstrumentsTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule Of Long-Term Debt",
        "label": "Schedule of Long-Term Debt Instruments [Table Text Block]",
        "documentation": "Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer."
       }
      }
     },
     "auth_ref": [
      "r46",
      "r86",
      "r87",
      "r127",
      "r128",
      "r131",
      "r136",
      "r177",
      "r178",
      "r902",
      "r904",
      "r974"
     ]
    },
    "us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Components Of Deferred Tax Liabilities And Assets",
        "label": "Schedule of Deferred Tax Assets and Liabilities [Table Text Block]",
        "documentation": "Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets."
       }
      }
     },
     "auth_ref": [
      "r183"
     ]
    },
    "us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Summary Of Calculation On Basic And Diluted EPS",
        "label": "Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]",
        "documentation": "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."
       }
      }
     },
     "auth_ref": [
      "r980"
     ]
    },
    "us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation",
        "label": "Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]",
        "documentation": "Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations."
       }
      }
     },
     "auth_ref": [
      "r182"
     ]
    },
    "us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTable",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table]",
        "label": "Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table]",
        "documentation": "Disclosure of information about amount recognized for award under share-based payment arrangement. Includes, but is not limited to, amount expensed in statement of income or comprehensive income, amount capitalized in statement of financial position, and corresponding reporting line item in financial statements."
       }
      }
     },
     "auth_ref": [
      "r98"
     ]
    },
    "us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Allocation Of Stock-Based Compensation Expense",
        "label": "Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]",
        "documentation": "Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement."
       }
      }
     },
     "auth_ref": [
      "r98"
     ]
    },
    "us-gaap_ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfEntityWideRevenueByMajorCustomersByReportingSegmentsTable",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Revenue by Major Customers, by Reporting Segments [Table]",
        "label": "Schedule of Revenue by Major Customers, by Reporting Segments [Table]",
        "documentation": "Tabular disclosure about the extent of the entity's reliance on its major customers."
       }
      }
     },
     "auth_ref": [
      "r165"
     ]
    },
    "mtn_ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Summary On Estimated Useful Life Of Property, Plant And Equipment",
        "label": "Schedule of Estimated Useful Life of Property, Plant and Equipment [Table Text Block]",
        "documentation": "Schedule of Estimated Useful Life of Property, Plant and Equipment [Table Text Block]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ScheduleOfGoodwillTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfGoodwillTable",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Goodwill [Table]",
        "label": "Schedule of Goodwill [Table]",
        "documentation": "Schedule of goodwill and the changes during the year due to acquisition, sale, impairment or for other reasons."
       }
      }
     },
     "auth_ref": [
      "r403",
      "r404",
      "r405",
      "r406",
      "r407",
      "r408",
      "r409",
      "r410",
      "r411",
      "r412",
      "r413",
      "r899"
     ]
    },
    "us-gaap_ScheduleOfGoodwillTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfGoodwillTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Changes In Goodwill Amount",
        "label": "Schedule of Goodwill [Table Text Block]",
        "documentation": "Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule."
       }
      }
     },
     "auth_ref": [
      "r899",
      "r982",
      "r983",
      "r984",
      "r985",
      "r986",
      "r987",
      "r988",
      "r989",
      "r990",
      "r991",
      "r992"
     ]
    },
    "us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]",
        "label": "Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]",
        "documentation": "Tabular disclosure of income before income tax between domestic and foreign jurisdictions."
       }
      }
     },
     "auth_ref": [
      "r973"
     ]
    },
    "us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Composition Of Goodwill And Intangible Assets",
        "label": "Schedule of Intangible Assets and Goodwill [Table Text Block]",
        "documentation": "Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class."
       }
      }
     },
     "auth_ref": [
      "r73"
     ]
    },
    "us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfMaturitiesOfLongTermDebtTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule Of Aggregate Maturities For Debt Outstanding",
        "label": "Schedule of Maturities of Long-Term Debt [Table Text Block]",
        "documentation": "Tabular disclosure of maturity and sinking fund requirement for long-term debt."
       }
      }
     },
     "auth_ref": [
      "r17"
     ]
    },
    "us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule Of Share Based Compensation Restricted Stock Units Activity",
        "label": "Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]",
        "documentation": "Tabular disclosure of the changes in outstanding nonvested restricted stock units."
       }
      }
     },
     "auth_ref": [
      "r96"
     ]
    },
    "us-gaap_ScheduleOfPropertyPlantAndEquipmentTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfPropertyPlantAndEquipmentTable",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionofPropertyPlantandEquipmentunderCapitalLeaseDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Schedule of Property, Plant and Equipment [Table]",
        "terseLabel": "Property, Plant and Equipment [Table]",
        "label": "Property, Plant and Equipment [Table]",
        "documentation": "Disclosure of information about physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation."
       }
      }
     },
     "auth_ref": [
      "r16"
     ]
    },
    "us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Revenues from External Customers and Long-Lived Assets [Table]",
        "label": "Schedule of Revenues from External Customers and Long-Lived Assets [Table]",
        "documentation": "Schedule of material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries."
       }
      }
     },
     "auth_ref": [
      "r72",
      "r152"
     ]
    },
    "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfSegmentReportingInformationBySegmentTable",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Segment Reporting Information, by Segment [Table]",
        "label": "Schedule of Segment Reporting Information, by Segment [Table]",
        "documentation": "A table disclosing the profit or loss and total assets for each reportable segment of the entity. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss."
       }
      }
     },
     "auth_ref": [
      "r69",
      "r70",
      "r71",
      "r73"
     ]
    },
    "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfSegmentReportingInformationBySegmentTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Summary Of Financial Information By Reportable Segment",
        "label": "Schedule of Segment Reporting Information, by Segment [Table Text Block]",
        "documentation": "Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss."
       }
      }
     },
     "auth_ref": [
      "r69",
      "r70",
      "r71",
      "r73"
     ]
    },
    "us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]",
        "label": "Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award [Table]",
        "documentation": "Disclosure of information about share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r509",
      "r510",
      "r512",
      "r513",
      "r514",
      "r516",
      "r517",
      "r518",
      "r519",
      "r520",
      "r521",
      "r522",
      "r523",
      "r524",
      "r525",
      "r526",
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r536",
      "r537",
      "r538",
      "r539",
      "r540"
     ]
    },
    "us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Share Based Compensation SARs Activity",
        "label": "Share-Based Payment Arrangement, Option, Activity [Table Text Block]",
        "documentation": "Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value."
       }
      }
     },
     "auth_ref": [
      "r31",
      "r32",
      "r95"
     ]
    },
    "us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule Of Share Based Compensation Option And SARs Award Activity",
        "label": "Share-Based Payment Arrangement, Option and Stock Appreciation Rights, Activity [Table Text Block]",
        "documentation": "Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year."
       }
      }
     },
     "auth_ref": [
      "r95"
     ]
    },
    "us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule Of Share Based Compensation Valuation Model",
        "label": "Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]",
        "documentation": "Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions."
       }
      }
     },
     "auth_ref": [
      "r181"
     ]
    },
    "us-gaap_ScheduleOfTreasuryStockByClassTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ScheduleOfTreasuryStockByClassTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/StockRepurchasePlan"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock Repurchase Plan",
        "label": "Class of Treasury Stock [Table Text Block]",
        "documentation": "Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock."
       }
      }
     },
     "auth_ref": [
      "r89",
      "r90",
      "r91",
      "r92"
     ]
    },
    "mtn_ScheduleofFutureMinimumLeasePaymentsTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ScheduleofFutureMinimumLeasePaymentsTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Schedule of Future Minimum Lease Payments [Table Text Block]",
        "label": "Schedule of Future Minimum Lease Payments [Table Text Block]",
        "documentation": "Schedule of Future Minimum Lease Payments [Table Text Block]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_Security12bTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "Security12bTitle",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Title of 12(b) Security",
        "label": "Title of 12(b) Security",
        "documentation": "Title of a 12(b) registered security."
       }
      }
     },
     "auth_ref": [
      "r940"
     ]
    },
    "dei_SecurityExchangeName": {
     "xbrltype": "edgarExchangeCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "SecurityExchangeName",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Security Exchange Name",
        "label": "Security Exchange Name",
        "documentation": "Name of the Exchange on which a security is registered."
       }
      }
     },
     "auth_ref": [
      "r942"
     ]
    },
    "us-gaap_SegmentDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SegmentDomain",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Reporting Segment [Domain]",
        "label": "Segments [Domain]",
        "documentation": "Components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity."
       }
      }
     },
     "auth_ref": [
      "r342",
      "r345",
      "r346",
      "r347",
      "r348",
      "r349",
      "r350",
      "r351",
      "r352",
      "r353",
      "r354",
      "r355",
      "r356",
      "r358",
      "r359",
      "r360",
      "r361",
      "r362",
      "r363",
      "r364",
      "r365",
      "r366",
      "r368",
      "r374",
      "r403",
      "r404",
      "r405",
      "r406",
      "r407",
      "r408",
      "r409",
      "r410",
      "r411",
      "r424",
      "r425",
      "r742",
      "r743",
      "r744",
      "r745",
      "r746",
      "r747",
      "r748",
      "r749",
      "r750",
      "r751",
      "r752",
      "r899",
      "r959",
      "r1034"
     ]
    },
    "srt_SegmentGeographicalDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "SegmentGeographicalDomain",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "All Countries [Domain]",
        "label": "Geographical [Domain]"
       }
      }
     },
     "auth_ref": [
      "r372",
      "r373",
      "r796",
      "r797",
      "r798",
      "r854",
      "r856",
      "r859",
      "r861",
      "r870",
      "r871",
      "r872",
      "r873",
      "r874",
      "r875",
      "r876",
      "r877",
      "r878",
      "r885",
      "r908",
      "r931",
      "r1007",
      "r1034"
     ]
    },
    "us-gaap_SegmentReportingAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SegmentReportingAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Segment Reporting [Abstract]",
        "label": "Segment Reporting [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_SegmentReportingDisclosureTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SegmentReportingDisclosureTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Segment Information",
        "label": "Segment Reporting Disclosure [Text Block]",
        "documentation": "The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments."
       }
      }
     },
     "auth_ref": [
      "r341",
      "r342",
      "r343",
      "r344",
      "r345",
      "r357",
      "r362",
      "r366",
      "r367",
      "r368",
      "r369",
      "r370",
      "r371",
      "r374"
     ]
    },
    "us-gaap_SegmentReportingInformationLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SegmentReportingInformationLineItems",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Segment Reporting Information [Line Items]",
        "label": "Segment Reporting Information [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_SegmentsGeographicalAreasAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SegmentsGeographicalAreasAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Segments, Geographical Areas [Abstract]",
        "label": "Segments, Geographical Areas [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription",
     "presentation": [
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Adverse Change in Other Assumption, Description",
        "label": "Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Adverse Change in Other Assumption, Description",
        "documentation": "Description of assumptions, classified as other, used in determining fair value of transferor's interests in transferred financial assets."
       }
      }
     },
     "auth_ref": [
      "r132"
     ]
    },
    "mtn_SevenSpringsResortsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "SevenSpringsResortsMember",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/AcquisitionsTables",
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Seven Springs Resorts",
        "label": "Seven Springs Resorts [Member]",
        "documentation": "Seven Springs Resorts"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ShareBasedCompensation": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensation",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows": {
       "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock-based compensation expense",
        "label": "Share-Based Payment Arrangement, Noncash Expense",
        "documentation": "Amount of noncash expense for share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1": {
     "xbrltype": "durationItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock based compensation award vesting period",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period",
        "documentation": "Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition."
       }
      }
     },
     "auth_ref": [
      "r920"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Stock based compensation, restricted shares vested (in shares)",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period",
        "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period."
       }
      }
     },
     "auth_ref": [
      "r528"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock based compensation, total fair value of restricted shares",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value",
        "documentation": "Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash."
       }
      }
     },
     "auth_ref": [
      "r531"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Expected dividends",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate",
        "documentation": "The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term."
       }
      }
     },
     "auth_ref": [
      "r538"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Expected volatility",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate",
        "documentation": "The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period."
       }
      }
     },
     "auth_ref": [
      "r537"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Risk-free rate, maximum",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum",
        "documentation": "The maximum risk-free interest rate assumption that is used in valuing an option on its own shares."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Risk-free rate, minimum",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum",
        "documentation": "The minimum risk-free interest rate assumption that is used in valuing an option on its own shares."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": [
      "r509",
      "r510",
      "r512",
      "r513",
      "r514",
      "r516",
      "r517",
      "r518",
      "r519",
      "r520",
      "r521",
      "r522",
      "r523",
      "r524",
      "r525",
      "r526",
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r536",
      "r537",
      "r538",
      "r539",
      "r540"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Shares issued for stock based compensation (in shares)",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized",
        "documentation": "Number of shares authorized for issuance under share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r922"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock based compensation, shares available for grant (in shares)",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant",
        "documentation": "The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable."
       }
      }
     },
     "auth_ref": [
      "r94"
     ]
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "periodEndLabel": "Aggregate intrinsic value, exercisable ending balance",
        "label": "Share based Compensation Arrangement By Share based Payment Award Options And SARs Exercisable Intrinsic Value",
        "documentation": "The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices of vested portions of options and stock appreciation rights outstanding and currently exercisable under the option plan as of the balance sheet date."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "periodEndLabel": "Awards, exercisable ending balance (in shares)",
        "label": "Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Exercisable Number",
        "documentation": "The number of shares into which fully or partially vested stock options and stock appreciation rights outstanding as of the balance sheet date can be currently converted under the plan."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Weighted-average exercise price, exercisable ending balance (in dollars per share)",
        "label": "Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Exercisable Weighted Average Exercise Price",
        "documentation": "The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options and stock appreciation rights outstanding and currently exercisable under the plan."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm": {
     "xbrltype": "durationItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted-average remaining contractual term, exercisable ending balance (in years)",
        "label": "Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Exercisable Weighted Average Remaining Contractual Term",
        "documentation": "The weighted average period between the balance sheet date and expiration for all vested portions of options and stock appreciation rights outstanding and currently exercisable (or convertible) under the plan, which may be expressed in a decimal value for number of years."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Weighted-average exercise price, exercised (in dollars per share)",
        "label": "Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Exercises In Period Weighted Average Exercise Price",
        "documentation": "The weighted average price at which option and stock appreciation right holders acquired shares when converting their stock options or stock appreciation rights into shares under the plan during the reporting period."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Awards, forfeited or expired (in shares)",
        "label": "Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Forfeitures And Expirations In Period",
        "documentation": "For presentations that combine terminations, the number of shares under options and stock appreciation rights that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the plan or that expired."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Weighted-average exercise price, forfeited or expired (in dollars per share)",
        "label": "Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Forfeitures And Expirations In Period Weighted Average Exercise Price",
        "documentation": "The combined weighted average exercise price associated with stock options and stock appreciation rights during the period that have either lapsed or been forfeited."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Weighted-average exercise price, granted (in dollars per share)",
        "label": "Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Granted In Period Weighted Average Exercise Price",
        "documentation": "The weighted average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on stock options and stock appreciation rights awarded under the plan during the reporting period."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "periodEndLabel": "Aggregate intrinsic value, outstanding ending balance",
        "label": "Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Outstanding Intrinsic Value",
        "documentation": "The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices pertaining to options and stock appreciation rights outstanding under the plan as of the balance sheet date."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "periodStartLabel": "Awards, outstanding beginning balance (in shares)",
        "periodEndLabel": "Awards, outstanding ending balance (in shares)",
        "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number",
        "label": "Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Outstanding Number",
        "documentation": "The number of shares reserved for issuance under stock option agreements and stock appreciation rights awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options and stock appreciation rights."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "periodStartLabel": "Weighted-average exercise price, outstanding beginning balance (in dollars per share)",
        "periodEndLabel": "Weighted-average exercise price, outstanding ending balance (in dollars per share)",
        "label": "Share Based Compensation Arrangement By Share Based Payment Award Options And SARs Outstanding Weighted Average Exercise Price",
        "documentation": "The weighted average price as of the beginning of the year at which grantees can acquire the shares reserved for issuance under the plan for options and stock appreciation rights."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm": {
     "xbrltype": "durationItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted-average remaining contractual term, outstanding ending balance (in years)",
        "label": "Share based Compensation Arrangement By Share based Payment Award Options And SARs Outstanding Weighted Average Remaining Contractual Term",
        "documentation": "The weighted average period between the balance sheet date and expiration for all awards of options and stock appreciation rights outstanding under the plan, which may be expressed in a decimal value for number of years."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Intrinsic value of options and SARs exercised",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value",
        "documentation": "Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares."
       }
      }
     },
     "auth_ref": [
      "r531"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Stock based compensation, restricted shares granted (in shares)",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures",
        "documentation": "Net number of share options (or share units) granted during the period."
       }
      }
     },
     "auth_ref": [
      "r1009"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Weighted-average grant-date fair value (in dollars per share)",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value",
        "documentation": "The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology."
       }
      }
     },
     "auth_ref": [
      "r530"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number",
        "documentation": "Number of fully vested and expected to vest exercisable options that may be converted into shares under option plan. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur."
       }
      }
     },
     "auth_ref": [
      "r533"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value",
        "documentation": "Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur."
       }
      }
     },
     "auth_ref": [
      "r532"
     ]
    },
    "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price",
        "documentation": "Weighted-average exercise price, at which grantee can acquire shares reserved for issuance, for fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur."
       }
      }
     },
     "auth_ref": [
      "r532"
     ]
    },
    "mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Awards, forfeited (in shares)",
        "label": "Share Based Compensation Arrangement Restricted Stock Units Forfeited In Period",
        "documentation": "The number of restricted share units, that were forfeited during the reporting period."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted-average grant-date fair value, forfeited (in dollars per share)",
        "label": "Share Based Compensation Arrangement Restricted Stock Units Forfeited In Period Weighted Average Grant Date Fair Value",
        "documentation": "The weighted average fair value as of the grant date of restricted share units that were not exercised or put into effect during the reporting period as a result of the occurrence of a terminating event specified in the contractual agreement of the plan."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Awards, granted (in shares)",
        "label": "Share Based Compensation Arrangement Restricted Stock Units Granted In Period",
        "documentation": "Net number of restricted share units granted during the period."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "periodStartLabel": "Awards, outstanding beginning balance (in shares)",
        "periodEndLabel": "Awards, outstanding ending balance (in shares)",
        "label": "Share Based Compensation Arrangement Restricted Stock Units Nonvested Number",
        "documentation": "The number of non-vested restricted share units, that validly exist and are outstanding as of the balance sheet date."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "periodStartLabel": "Weighted-average grant-date fair value, outstanding beginning balance (in dollars per share)",
        "periodEndLabel": "Weighted-average grant-date fair value, outstanding ending balance (in dollars per share)",
        "label": "Share Based Compensation Arrangement Restricted Stock Units Nonvested Weighted Average Grant Date Fair Value",
        "documentation": "The weighted average fair value of nonvested restricted share units for which the employer is contingently obligated to issue equity instruments to an employee who has not yet satisfied service criteria necessary to gain title to underlying shares or units."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted-average grant-date fair value, vested (in dollars per share)",
        "label": "Share Based Compensation Arrangement Restricted Stock Units Vested In Period Weighted Average Grant Date Fair Value",
        "documentation": "The weighted average fair value as of grant date pertaining to restricted share units for which the grantee gained the right during the reporting period, by satisfying service requirements, to receive shares or units in accordance with the terms of the arrangement."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted-average grant-date fair value, granted (in dollars per share)",
        "label": "Share Based Compensation Arrangement Restriicted Stock Units Granted In Period Weighted Average Grant Date Fair Value",
        "documentation": "The weighted average fair value at grant date for nonvested restricted share units issued during the period."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriod": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementSarsForfeitedInPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Awards, forfeited (in shares)",
        "label": "Share Based Compensation Arrangement SARs Forfeited In Period",
        "documentation": "The number of stock appreciation rights, that were forfeited during the reporting period."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted-average grant-date fair value, forfeited (in dollars per share)",
        "label": "Share Based Compensation Arrangement SARs Forfeited In Period Weighted Average Grant Date Fair Value",
        "documentation": "The weighted average fair value as of the grant date of stock appreciation rights that were not exercised or put into effect during the reporting period as a result of the occurrence of a terminating event specified in the contractual agreement of the plan."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementSarsGrantedInPeriod": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementSarsGrantedInPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Awards, granted (in shares)",
        "label": "Share Based Compensation Arrangement SARs Granted In Period",
        "documentation": "The number of grants made during the period on stock appreciation rights."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementSarsGrantsInPeriod": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementSarsGrantsInPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Awards, granted (in shares)",
        "label": "Share Based Compensation Arrangement SARs Grants In Period",
        "documentation": "The number of grants made during the period on stock appreciation rights."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted-average grant-date fair value, granted (in dollars per share)",
        "label": "Share Based Compensation Arrangement SARs Grants In Period Weighted Average Grant Date Fair Value",
        "documentation": "The weighted average fair value at grant date for nonvested stock appreciation rights issued during the period."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "periodStartLabel": "Weighted-average grant-date fair value, outstanding beginning balance (in dollars per share)",
        "periodEndLabel": "Weighted-average grant-date fair value, outstanding ending balance (in dollars per share)",
        "label": "Share Based Compensation Arrangement SARs Nonvested Weighted Average Grant Date Fair Value",
        "documentation": "The weighted average fair value of nonvested stock appreciation rights for which the employer is contingently obligated to issue equity instruments to an employee who has not yet satisfied service criteria necessary to gain title to the underlying shares or units."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementSarsVestedInPeriod": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementSarsVestedInPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Awards, vested (in shares)",
        "label": "Share Based Compensation Arrangement SARs Vested In Period",
        "documentation": "The number of stock appreciation rights, that vested during the reporting period."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue": {
     "xbrltype": "perShareItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted-average grant-date fair value, vested (in dollars per share)",
        "label": "Share Based Compensation Arrangement SARs Vested In Period Weighted Average Grant Date Fair Value",
        "documentation": "The weighted average fair value as of grant date pertaining to stock appreciation rights for which the grantee gained the right during the reporting period, by satisfying service requirements, to retain shares or units, in accordance with the terms of the arrangement."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Award Type [Domain]",
        "label": "Award Type [Domain]",
        "documentation": "Award under share-based payment arrangement."
       }
      }
     },
     "auth_ref": [
      "r512",
      "r513",
      "r514",
      "r516",
      "r517",
      "r518",
      "r519",
      "r520",
      "r521",
      "r522",
      "r523",
      "r524",
      "r525",
      "r526",
      "r527",
      "r528",
      "r529",
      "r530",
      "r531",
      "r532",
      "r533",
      "r536",
      "r537",
      "r538",
      "r539",
      "r540"
     ]
    },
    "us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShareBasedCompensationOptionAndIncentivePlansPolicy",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock-Based Compensation",
        "label": "Share-Based Payment Arrangement [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for award under share-based payment arrangement. Includes, but is not limited to, methodology and assumption used in measuring cost."
       }
      }
     },
     "auth_ref": [
      "r508",
      "r515",
      "r534",
      "r535",
      "r536",
      "r537",
      "r540",
      "r549",
      "r550",
      "r551",
      "r552"
     ]
    },
    "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod": {
     "xbrltype": "durationItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period",
        "documentation": "Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days."
       }
      }
     },
     "auth_ref": [
      "r921"
     ]
    },
    "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1": {
     "xbrltype": "durationItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationValuationModelDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Expected term (average in years)",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term",
        "documentation": "Expected term of award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days."
       }
      }
     },
     "auth_ref": [
      "r536"
     ]
    },
    "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1": {
     "xbrltype": "durationItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term",
        "documentation": "Weighted average remaining contractual term for fully vested and expected to vest options outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur."
       }
      }
     },
     "auth_ref": [
      "r532"
     ]
    },
    "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value",
        "documentation": "Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock."
       }
      }
     },
     "auth_ref": [
      "r531"
     ]
    },
    "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares",
        "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares",
        "documentation": "Number of options vested."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ShortTermLeaseCost": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ShortTermLeaseCost",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Short-term Lease, Cost",
        "label": "Short-Term Lease, Cost",
        "documentation": "Amount of short-term lease cost, excluding expense for lease with term of one month or less."
       }
      }
     },
     "auth_ref": [
      "r684",
      "r925"
     ]
    },
    "us-gaap_SignificantAccountingPoliciesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SignificantAccountingPoliciesTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Summary of Significant Accounting Policies",
        "label": "Significant Accounting Policies [Text Block]",
        "documentation": "The entire disclosure for all significant accounting policies of the reporting entity."
       }
      }
     },
     "auth_ref": [
      "r164",
      "r298"
     ]
    },
    "mtn_SkiSchoolMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "SkiSchoolMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Ski School",
        "label": "Ski School [Member]",
        "documentation": "Ski School [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_SoftwareAndSoftwareDevelopmentCostsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SoftwareAndSoftwareDevelopmentCostsMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Software and Software Development Costs [Member]",
        "label": "Software and Software Development Costs [Member]",
        "documentation": "Purchased software applications and internally developed software for sale, licensing or long-term internal use."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StatementBusinessSegmentsAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementBusinessSegmentsAxis",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/RevenuesDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Segments [Axis]",
        "verboseLabel": "Segment Reporting Information, by Segment [Axis]",
        "label": "Segments [Axis]",
        "documentation": "Information by business segments."
       }
      }
     },
     "auth_ref": [
      "r251",
      "r342",
      "r345",
      "r346",
      "r347",
      "r348",
      "r349",
      "r350",
      "r351",
      "r352",
      "r353",
      "r354",
      "r355",
      "r356",
      "r358",
      "r359",
      "r360",
      "r361",
      "r362",
      "r363",
      "r364",
      "r365",
      "r366",
      "r368",
      "r374",
      "r403",
      "r404",
      "r405",
      "r406",
      "r407",
      "r408",
      "r409",
      "r410",
      "r411",
      "r421",
      "r424",
      "r425",
      "r742",
      "r743",
      "r744",
      "r745",
      "r746",
      "r747",
      "r748",
      "r749",
      "r750",
      "r751",
      "r752",
      "r899",
      "r959",
      "r1034"
     ]
    },
    "us-gaap_StatementClassOfStockAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementClassOfStockAxis",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Class of Stock [Axis]",
        "label": "Class of Stock [Axis]",
        "documentation": "Information by the different classes of stock of the entity."
       }
      }
     },
     "auth_ref": [
      "r227",
      "r265",
      "r266",
      "r267",
      "r300",
      "r328",
      "r329",
      "r331",
      "r333",
      "r339",
      "r340",
      "r382",
      "r434",
      "r437",
      "r438",
      "r439",
      "r445",
      "r446",
      "r478",
      "r479",
      "r480",
      "r481",
      "r482",
      "r644",
      "r776",
      "r777",
      "r778",
      "r779",
      "r784",
      "r785",
      "r786",
      "r787",
      "r788",
      "r789",
      "r790",
      "r791",
      "r792",
      "r793",
      "r794",
      "r795",
      "r809",
      "r830",
      "r850",
      "r862",
      "r863",
      "r864",
      "r865",
      "r866",
      "r950",
      "r970",
      "r979"
     ]
    },
    "us-gaap_StatementEquityComponentsAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementEquityComponentsAxis",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsSummaryOfEstimateOfFairValueOfIdentifiableAssetsAcquiredAndLiabilitiesAssumedDetails",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Equity Components [Axis]",
        "label": "Equity Components [Axis]",
        "documentation": "Information by component of equity."
       }
      }
     },
     "auth_ref": [
      "r27",
      "r48",
      "r247",
      "r282",
      "r283",
      "r284",
      "r304",
      "r305",
      "r306",
      "r311",
      "r320",
      "r322",
      "r338",
      "r386",
      "r394",
      "r483",
      "r546",
      "r547",
      "r548",
      "r580",
      "r581",
      "r611",
      "r613",
      "r614",
      "r615",
      "r616",
      "r619",
      "r630",
      "r658",
      "r659",
      "r660",
      "r661",
      "r662",
      "r663",
      "r695",
      "r762",
      "r763",
      "r764",
      "r784",
      "r850"
     ]
    },
    "srt_StatementGeographicalAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "StatementGeographicalAxis",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Geographical [Axis]",
        "label": "Geographical [Axis]"
       }
      }
     },
     "auth_ref": [
      "r372",
      "r373",
      "r796",
      "r797",
      "r798",
      "r854",
      "r856",
      "r859",
      "r861",
      "r868",
      "r870",
      "r871",
      "r872",
      "r873",
      "r874",
      "r875",
      "r876",
      "r877",
      "r878",
      "r885",
      "r908",
      "r931",
      "r1007",
      "r1034"
     ]
    },
    "us-gaap_StatementLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementLineItems",
     "presentation": [
      "http://www.vailresorts.com/role/AcquisitionsNarrativeDetails",
      "http://www.vailresorts.com/role/AcquisitionsTables",
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails",
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity",
      "http://www.vailresorts.com/role/FairValueMeasurementsDetails",
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
      "http://www.vailresorts.com/role/SegmentInformationDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationRestrictedStockUnitsActivityDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesAllocationOfStockBasedCompensationExpenseDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationChangesInGoodwillAmountDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Statement [Line Items]",
        "label": "Statement [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": [
      "r304",
      "r305",
      "r306",
      "r338",
      "r703",
      "r774",
      "r795",
      "r801",
      "r802",
      "r803",
      "r804",
      "r805",
      "r806",
      "r809",
      "r812",
      "r813",
      "r814",
      "r815",
      "r816",
      "r817",
      "r818",
      "r819",
      "r820",
      "r822",
      "r823",
      "r824",
      "r825",
      "r826",
      "r828",
      "r831",
      "r832",
      "r835",
      "r836",
      "r837",
      "r838",
      "r839",
      "r840",
      "r841",
      "r842",
      "r843",
      "r844",
      "r845",
      "r846",
      "r850",
      "r932"
     ]
    },
    "us-gaap_StatementOfCashFlowsAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementOfCashFlowsAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Statement of Cash Flows [Abstract]",
        "label": "Statement of Cash Flows [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StatementOfFinancialPositionAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementOfFinancialPositionAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Statement of Financial Position [Abstract]",
        "label": "Statement of Financial Position [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementOfIncomeAndComprehensiveIncomeAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Statement of Comprehensive Income [Abstract]",
        "label": "Statement of Comprehensive Income [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StatementOfStockholdersEquityAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementOfStockholdersEquityAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Statement of Stockholders' Equity [Abstract]",
        "label": "Statement of Stockholders' Equity [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "srt_StatementScenarioAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/srt/2023",
     "localname": "StatementScenarioAxis",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails",
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Scenario [Axis]",
        "label": "Scenario [Axis]"
       }
      }
     },
     "auth_ref": [
      "r323",
      "r507",
      "r951",
      "r952",
      "r978"
     ]
    },
    "us-gaap_StatementTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementTable",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedStatementofComprehensiveIncome",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfCashFlows",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfOperations",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity",
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationComponentsOfAccountsPayableAndAccruedLiabilitiesDetails",
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfGoodwillAndIntangibleAssetsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Statement [Table]",
        "label": "Statement [Table]",
        "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed."
       }
      }
     },
     "auth_ref": [
      "r304",
      "r305",
      "r306",
      "r338",
      "r703",
      "r774",
      "r795",
      "r801",
      "r802",
      "r803",
      "r804",
      "r805",
      "r806",
      "r809",
      "r812",
      "r813",
      "r814",
      "r815",
      "r816",
      "r817",
      "r818",
      "r819",
      "r820",
      "r822",
      "r823",
      "r824",
      "r825",
      "r826",
      "r828",
      "r831",
      "r832",
      "r835",
      "r836",
      "r837",
      "r838",
      "r839",
      "r840",
      "r841",
      "r842",
      "r843",
      "r844",
      "r845",
      "r846",
      "r850",
      "r932"
     ]
    },
    "us-gaap_StockAppreciationRightsSARSMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StockAppreciationRightsSARSMember",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleofShareBasedCompensationSARsActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock Appreciation Rights (SARs) [Member]",
        "label": "Stock Appreciation Rights (SARs) [Member]",
        "documentation": "Right to receive cash or shares equal to appreciation of predetermined number of grantor's shares during predetermined time period."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StockGrantedDuringPeriodValueSharebasedCompensation",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Stock-based compensation expense (Note 14)",
        "label": "Shares Granted, Value, Share-Based Payment Arrangement, after Forfeiture",
        "documentation": "Value, after forfeiture, of shares granted under share-based payment arrangement. Excludes employee stock ownership plan (ESOP)."
       }
      }
     },
     "auth_ref": [
      "r93",
      "r99"
     ]
    },
    "mtn_StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised",
     "presentation": [
      "http://www.vailresorts.com/role/StockCompensationPlanScheduleOfShareBasedCompensationOptionAndSARsAwardActivityDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedLabel": "Awards, exercised (in shares)",
        "label": "Stock Issued During Period Shares Stock Options And SARs Exercised",
        "documentation": "Number of share options and stock appreciation rights exercised during the current period."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StockIssuedDuringPeriodValueShareBasedCompensation",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Issuance of shares under share award plan, net of shares withheld for employee taxes (Note 14)",
        "label": "Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture",
        "documentation": "Value, after forfeiture, of shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP)."
       }
      }
     },
     "auth_ref": [
      "r97",
      "r144",
      "r145",
      "r179"
     ]
    },
    "mtn_StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased",
     "presentation": [
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased",
        "label": "Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased",
        "documentation": "Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased",
     "presentation": [
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stock Repurchase Program, Number of Shares Authorized to be Repurchased",
        "verboseLabel": "Number of shares authorized to repurchase",
        "label": "Stock Repurchase Program, Number of Shares Authorized to be Repurchased",
        "documentation": "The number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased",
     "presentation": [
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Remaining shares available for repurchase under existing program",
        "label": "Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased",
        "documentation": "The remaining number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StockRepurchasedDuringPeriodValue": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StockRepurchasedDuringPeriodValue",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Repurchases of common stock (Note 13)",
        "label": "Stock Repurchased During Period, Value",
        "documentation": "Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock."
       }
      }
     },
     "auth_ref": [
      "r27",
      "r144",
      "r145",
      "r179",
      "r784",
      "r850",
      "r865",
      "r938"
     ]
    },
    "us-gaap_StockholdersEquity": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StockholdersEquity",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Total Vail Resorts, Inc. stockholders\u2019 equity",
        "label": "Equity, Attributable to Parent",
        "documentation": "Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest."
       }
      }
     },
     "auth_ref": [
      "r145",
      "r148",
      "r149",
      "r166",
      "r811",
      "r827",
      "r851",
      "r852",
      "r926",
      "r939",
      "r972",
      "r981",
      "r1020",
      "r1037"
     ]
    },
    "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
     "crdr": "credit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Total stockholders\u2019 equity",
        "periodStartLabel": "Balance",
        "periodEndLabel": "Balance",
        "label": "Equity, Including Portion Attributable to Noncontrolling Interest",
        "documentation": "Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity."
       }
      }
     },
     "auth_ref": [
      "r112",
      "r113",
      "r116",
      "r247",
      "r248",
      "r283",
      "r304",
      "r305",
      "r306",
      "r311",
      "r320",
      "r386",
      "r394",
      "r483",
      "r546",
      "r547",
      "r548",
      "r580",
      "r581",
      "r611",
      "r613",
      "r614",
      "r615",
      "r616",
      "r619",
      "r630",
      "r658",
      "r659",
      "r663",
      "r695",
      "r763",
      "r764",
      "r782",
      "r811",
      "r827",
      "r851",
      "r852",
      "r867",
      "r938",
      "r972",
      "r981",
      "r1020",
      "r1037"
     ]
    },
    "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Stockholders\u2019 equity:",
        "label": "Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_SubsegmentsAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SubsegmentsAxis",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Subsegments [Axis]",
        "label": "Subsegments [Axis]",
        "documentation": "Information by business subsegments."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_SubsegmentsConsolidationItemsAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SubsegmentsConsolidationItemsAxis",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Subsegments Consolidation Items [Axis]",
        "label": "Subsegments Consolidation Items [Axis]",
        "documentation": "Information by subsegments, eliminations and reconciling items used in consolidating a reportable segment and its subsegments."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_SubsegmentsConsolidationItemsDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SubsegmentsConsolidationItemsDomain",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Subsegments Consolidation Items [Domain]",
        "label": "Subsegments Consolidation Items [Domain]",
        "documentation": "Subsegments, eliminations and reconciling items used in consolidating a reportable segment and its subsegments."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_SubsegmentsDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SubsegmentsDomain",
     "presentation": [
      "http://www.vailresorts.com/role/SegmentInformationGeographicInformationDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Subsegments [Domain]",
        "label": "Subsegments [Domain]",
        "documentation": "Divisions of a component of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_SummaryOfIncomeTaxContingenciesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SummaryOfIncomeTaxContingenciesTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Reconciliation Of Unrecognized Tax Benefits",
        "label": "Summary of Income Tax Contingencies [Table Text Block]",
        "documentation": "Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months."
       }
      }
     },
     "auth_ref": [
      "r23",
      "r185",
      "r186"
     ]
    },
    "us-gaap_SupplementalBalanceSheetDisclosuresTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "SupplementalBalanceSheetDisclosuresTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Supplementary Balance Sheet Information",
        "label": "Supplemental Balance Sheet Disclosures [Text Block]",
        "documentation": "The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity."
       }
      }
     },
     "auth_ref": [
      "r961"
     ]
    },
    "mtn_SuretyBondsOutstanding": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "SuretyBondsOutstanding",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Surety Bonds Outstanding",
        "label": "Surety Bonds Outstanding",
        "documentation": "Surety Bonds Outstanding"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_SwissConfederationLease1Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "SwissConfederationLease1Member",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Swiss Confederation",
        "label": "Swiss Confederation Lease1 [Member]",
        "documentation": "Swiss Confederation Lease1"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_SwissConfederationLease2Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "SwissConfederationLease2Member",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Swiss Confederation Lease2",
        "label": "Swiss Confederation Lease2 [Member]",
        "documentation": "Swiss Confederation Lease2"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_SwissConfederationLease3Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "SwissConfederationLease3Member",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Swiss Confederation Lease2 [Domain]",
        "label": "Swiss Confederation Lease3 [Member]",
        "documentation": "Swiss Confederation Lease3"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_SwissConfederationLease4Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "SwissConfederationLease4Member",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Swiss Confederation Lease4",
        "label": "Swiss Confederation Lease4 [Member]",
        "documentation": "Swiss Confederation Lease4"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_TarnesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "TarnesMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Tarnes [Member]",
        "label": "Tarnes [Member]",
        "documentation": "Tarnes [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_TenderfootMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "TenderfootMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Tenderfoot [Member]",
        "label": "Tenderfoot [Member]",
        "documentation": "Tenderfoot [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_TermLoanMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "TermLoanMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Term Loan [Member]",
        "label": "Term Loan [Member]",
        "documentation": "Term Loan [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_TotalVailResortsIncStockholdersEquityMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "TotalVailResortsIncStockholdersEquityMember",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Total Vail Resorts, Inc. Stockholders' Equity [Member]",
        "label": "Total Vail Resorts, Inc. Stockholders' Equity [Member]",
        "documentation": "Total Stockholders Equity Parent [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_TradeAndOtherAccountsReceivablePolicy": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "TradeAndOtherAccountsReceivablePolicy",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accounts Receivable",
        "label": "Accounts Receivable [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for accounts receivable."
       }
      }
     },
     "auth_ref": [
      "r204",
      "r205",
      "r206",
      "r377",
      "r378",
      "r379"
     ]
    },
    "dei_TradingSymbol": {
     "xbrltype": "tradingSymbolItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "TradingSymbol",
     "presentation": [
      "http://www.vailresorts.com/role/DocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Trading Symbol",
        "label": "Trading Symbol",
        "documentation": "Trading symbol of an instrument as listed on an exchange."
       }
      }
     },
     "auth_ref": []
    },
    "mtn_TrancheBMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "TrancheBMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Tranche B [Member]",
        "label": "Tranche B [Member]",
        "documentation": "Tranche B"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_TrancheOfDebtDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "TrancheOfDebtDomain",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Tranche of Debt [Domain]",
        "label": "Tranche of Debt [Domain]",
        "documentation": "Tranche of Debt"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_TrancheaMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "TrancheaMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Tranche A [Member]",
        "label": "TrancheA [Member]",
        "documentation": "Tranche A [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_TransportationMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "TransportationMember",
     "presentation": [
      "http://www.vailresorts.com/role/RevenuesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Transportation",
        "label": "Transportation [Member]",
        "documentation": "Transportation [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_TreasuryStockCarryingBasis": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "TreasuryStockCarryingBasis",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets": {
       "parentTag": "us-gaap_StockholdersEquity",
       "weight": -1.0,
       "order": 6.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets"
     ],
     "lang": {
      "en-us": {
       "role": {
        "negatedTerseLabel": "Treasury stock, at cost; 9,370 and 8,648 shares, respectively (Note 13)",
        "label": "Treasury Stock, Carrying Basis",
        "documentation": "Cost basis for treasury stock acquired for purposes other than retirement."
       }
      }
     },
     "auth_ref": [
      "r89"
     ]
    },
    "us-gaap_TreasuryStockCommonMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "TreasuryStockCommonMember",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedStatementsOfStockholdersEquity"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Treasury Stock, Common",
        "label": "Treasury Stock, Common [Member]",
        "documentation": "Previously issued common shares repurchased by the issuing entity and held in treasury."
       }
      }
     },
     "auth_ref": [
      "r89"
     ]
    },
    "us-gaap_TreasuryStockCommonShares": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "TreasuryStockCommonShares",
     "presentation": [
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheets",
      "http://www.vailresorts.com/role/ConsolidatedBalanceSheetsParenthetical",
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Treasury Stock, Common, Shares",
        "verboseLabel": "Number of shares repurchased since inception",
        "label": "Treasury Stock, Common, Shares",
        "documentation": "Number of previously issued common shares repurchased by the issuing entity and held in treasury."
       }
      }
     },
     "auth_ref": [
      "r89"
     ]
    },
    "us-gaap_TreasuryStockSharesAcquired": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "TreasuryStockSharesAcquired",
     "presentation": [
      "http://www.vailresorts.com/role/StockRepurchasePlanDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Treasury Stock, Shares, Acquired",
        "label": "Treasury Stock, Shares, Acquired",
        "documentation": "Number of shares that have been repurchased during the period and are being held in treasury."
       }
      }
     },
     "auth_ref": [
      "r27",
      "r145",
      "r179"
     ]
    },
    "us-gaap_TypeOfAdoptionMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "TypeOfAdoptionMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Accounting Standards Update [Domain]",
        "label": "Accounting Standards Update [Domain]",
        "documentation": "Amendment to accounting standards."
       }
      }
     },
     "auth_ref": [
      "r245",
      "r246",
      "r247",
      "r248",
      "r249",
      "r310",
      "r311",
      "r312",
      "r314",
      "r323",
      "r380",
      "r381",
      "r383",
      "r384",
      "r385",
      "r386",
      "r389",
      "r390",
      "r391",
      "r392",
      "r393",
      "r394",
      "r422",
      "r546",
      "r547",
      "r548",
      "r578",
      "r579",
      "r580",
      "r581",
      "r596",
      "r597",
      "r598",
      "r608",
      "r609",
      "r610",
      "r611",
      "r612",
      "r613",
      "r614",
      "r615",
      "r616",
      "r618",
      "r619",
      "r621",
      "r622",
      "r623",
      "r624",
      "r625",
      "r626",
      "r627",
      "r629",
      "r630",
      "r631",
      "r632",
      "r633",
      "r641",
      "r642",
      "r645",
      "r646",
      "r647",
      "r648",
      "r664",
      "r665",
      "r669",
      "r670",
      "r671",
      "r672",
      "r691",
      "r692",
      "r693",
      "r694",
      "r695",
      "r705",
      "r706",
      "r707",
      "r760",
      "r761",
      "r762",
      "r763",
      "r764",
      "r765",
      "r766",
      "r767",
      "r768",
      "r769",
      "r770",
      "r771"
     ]
    },
    "mtn_UnrecognizedCompensationExpenseAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "UnrecognizedCompensationExpenseAxis",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Unrecognized Compensation Expense [Axis]",
        "label": "Unrecognized Compensation Expense [Axis]",
        "documentation": "Unrecognized Compensation Expense"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_UnrecognizedCompensationExpenseDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "UnrecognizedCompensationExpenseDomain",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails",
      "http://www.vailresorts.com/role/StockCompensationPlanNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Unrecognized Compensation Expense [Domain]",
        "label": "Unrecognized Compensation Expense [Domain]",
        "documentation": "Unrecognized Compensation Expense"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_UnrecognizedTaxBenefits": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "UnrecognizedTaxBenefits",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfUnrecognizedTaxBenefitsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Unrecognized Tax Benefits",
        "label": "Unrecognized Tax Benefits",
        "documentation": "Amount of unrecognized tax benefits."
       }
      }
     },
     "auth_ref": [
      "r556",
      "r565"
     ]
    },
    "us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued",
        "label": "Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued",
        "documentation": "Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return."
       }
      }
     },
     "auth_ref": [
      "r564"
     ]
    },
    "us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense",
        "label": "Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense",
        "documentation": "Amount of expense for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return."
       }
      }
     },
     "auth_ref": [
      "r564"
     ]
    },
    "us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions",
     "crdr": "credit",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfUnrecognizedTaxBenefitsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions",
        "verboseLabel": "Additions for tax positions of prior years",
        "label": "Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions",
        "documentation": "Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns."
       }
      }
     },
     "auth_ref": [
      "r566"
     ]
    },
    "us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails",
      "http://www.vailresorts.com/role/IncomeTaxesReconciliationOfUnrecognizedTaxBenefitsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations",
        "negatedLabel": "Lapse of statute of limitations",
        "label": "Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations",
        "documentation": "Amount of decrease in unrecognized tax benefits resulting from lapses of applicable statutes of limitations."
       }
      }
     },
     "auth_ref": [
      "r567"
     ]
    },
    "us-gaap_UseOfEstimates": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "UseOfEstimates",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesPolicies"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Use of Estimates, Policy [Policy Text Block]",
        "label": "Use of Estimates, Policy [Policy Text Block]",
        "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles."
       }
      }
     },
     "auth_ref": [
      "r66",
      "r67",
      "r68",
      "r214",
      "r215",
      "r217",
      "r218"
     ]
    },
    "mtn_UsernCorporationMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "UsernCorporationMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Usern Corporation",
        "label": "Usern Corporation [Member]",
        "documentation": "Usern Corporation"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ValuationAllowanceAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ValuationAllowanceAbstract",
     "presentation": [
      "http://www.vailresorts.com/role/IncomeTaxesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Valuation Allowance [Abstract]",
        "label": "Valuation Allowance [Abstract]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_VariableLeaseCost": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "VariableLeaseCost",
     "crdr": "debit",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Variable Lease, Cost",
        "label": "Variable Lease, Cost",
        "documentation": "Amount of variable lease cost, excluded from lease liability, recognized when obligation for payment is incurred for finance and operating leases."
       }
      }
     },
     "auth_ref": [
      "r685",
      "r925"
     ]
    },
    "mtn_VehiclesGross": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "VehiclesGross",
     "crdr": "debit",
     "calculation": {
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails": {
       "parentTag": "us-gaap_PropertyPlantAndEquipmentGross",
       "weight": 1.0,
       "order": 3.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/SupplementaryBalanceSheetInformationCompositionOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Vehicles",
        "label": "Vehicles Gross",
        "documentation": "Gross amount, as of the balance sheet date, of long-lived, depreciable assets that include automobiles and trucks."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_VehiclesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "VehiclesMember",
     "presentation": [
      "http://www.vailresorts.com/role/SummaryofSignificantAccountingPoliciesSummaryOnEstimatedUsefulLifeOfPropertyPlantAndEquipmentDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Vehicles [Member]",
        "label": "Vehicles [Member]",
        "documentation": "Equipment used primarily for road transportation."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "WeightedAverageNumberDilutedSharesOutstandingAdjustment",
     "calculation": {
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails": {
       "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding",
       "weight": 1.0,
       "order": 2.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Effect of dilutive securities, diluted (in shares)",
        "label": "Weighted Average Number of Shares Outstanding, Diluted, Adjustment",
        "documentation": "The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation."
       }
      }
     },
     "auth_ref": [
      "r980"
     ]
    },
    "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "WeightedAverageNumberOfDilutedSharesOutstanding",
     "calculation": {
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails": {
       "parentTag": null,
       "weight": null,
       "order": null,
       "root": true
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "totalLabel": "Weighted-average shares outstanding, diluted (in shares)",
        "label": "Weighted Average Number of Shares Outstanding, Diluted",
        "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period."
       }
      }
     },
     "auth_ref": [
      "r327",
      "r333"
     ]
    },
    "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "WeightedAverageNumberOfSharesOutstandingBasic",
     "calculation": {
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails": {
       "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding",
       "weight": 1.0,
       "order": 1.0
      }
     },
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "verboseLabel": "Weighted-average shares outstanding, basic (in shares)",
        "label": "Weighted Average Number of Shares Outstanding, Basic",
        "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period."
       }
      }
     },
     "auth_ref": [
      "r326",
      "r333"
     ]
    },
    "mtn_WeightedAverageNumberofSharesOutstandingCommon": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "WeightedAverageNumberofSharesOutstandingCommon",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted Average Number of Shares Outstanding, Common",
        "label": "Weighted Average Number of Shares Outstanding, Common",
        "documentation": "Weighted Average Number of Shares Outstanding, Common"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_WeightedAverageNumberofSharesOutstandingExchangeable": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "WeightedAverageNumberofSharesOutstandingExchangeable",
     "presentation": [
      "http://www.vailresorts.com/role/NetIncomePerCommonShareDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted Average Number of Shares Outstanding, Exchangeable",
        "label": "Weighted Average Number of Shares Outstanding, Exchangeable",
        "documentation": "Weighted Average Number of Shares Outstanding, Exchangeable"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesTables"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]",
        "label": "Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]",
        "documentation": "Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_WhistlerCreditAgreementrevolverMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "WhistlerCreditAgreementrevolverMember",
     "presentation": [
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Whistler Credit Agreement revolver [Member]",
        "label": "Whistler Credit Agreement revolver [Member]",
        "documentation": "Whistler Credit Agreement revolver [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_WhistlerEmployeeHousingLeasesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "WhistlerEmployeeHousingLeasesMember",
     "presentation": [
      "http://www.vailresorts.com/role/LeasesDetails",
      "http://www.vailresorts.com/role/LongTermDebtScheduleOfDebtInstrumentsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Whistler Employee Housing Leases",
        "label": "Whistler Employee Housing Leases [Member]",
        "documentation": "Whistler Employee Housing Leases"
       }
      }
     },
     "auth_ref": []
    },
    "mtn_WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.vailresorts.com/20240731",
     "localname": "WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember",
     "presentation": [
      "http://www.vailresorts.com/role/CommitmentsandContingenciesNarrativeDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Workers' Compensation and General Liability Related to Construction and Development Activities [Member]",
        "label": "Workers' Compensation and General Liability Related to Construction and Development Activities [Member]",
        "documentation": "Workers Compensation and General Liability Related to Construction and Development Activities [Member]"
       }
      }
     },
     "auth_ref": []
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "05",
   "Paragraph": "1",
   "SubTopic": "10",
   "Topic": "970",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482170/970-10-05-1"
  },
  "r1": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "05",
   "Paragraph": "4",
   "SubTopic": "10",
   "Topic": "360",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482338/360-10-05-4"
  },
  "r2": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "25",
   "Paragraph": "1",
   "SubTopic": "20",
   "Topic": "940",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481913/940-20-25-1"
  },
  "r3": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "25",
   "Paragraph": "6",
   "SubTopic": "10",
   "Topic": "805",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479405/805-10-25-6"
  },
  "r4": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "25",
   "Paragraph": "7",
   "SubTopic": "10",
   "Topic": "805",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479405/805-10-25-7"
  },
  "r5": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "30",
   "Paragraph": "7",
   "SubTopic": "30",
   "Topic": "805",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479637/805-30-30-7"
  },
  "r6": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "30",
   "Paragraph": "8",
   "SubTopic": "30",
   "Topic": "805",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479637/805-30-30-8"
  },
  "r7": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "35",
   "Paragraph": "3",
   "SubTopic": "360",
   "Topic": "970",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482232/970-360-35-3"
  },
  "r8": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "SubTopic": "230",
   "Topic": "830",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481877/830-230-45-1"
  },
  "r9": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "10A",
   "SubTopic": "10",
   "Topic": "220",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-10A"
  },
  "r10": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "10A",
   "Subparagraph": "(a)",
   "SubTopic": "10",
   "Topic": "220",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-10A"
  },
  "r11": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "2",
   "SubTopic": "405",
   "Topic": "942",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481071/942-405-45-2"
  },
  "r12": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "20",
   "SubTopic": "10",
   "Topic": "810",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481231/810-10-45-20"
  },
  "r13": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "25",
   "Subparagraph": "(g)",
   "SubTopic": "10",
   "Topic": "230",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-25"
  },
  "r14": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "28",
   "Subparagraph": "(a)",
   "SubTopic": "10",
   "Topic": "230",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-28"
  },
  "r15": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "28",
   "Subparagraph": "(b)",
   "SubTopic": "10",
   "Topic": "230",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-28"
  },
  "r16": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "SubTopic": "10",
   "Topic": "360",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482099/360-10-50-1"
  },
  "r17": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "SubTopic": "10",
   "Topic": "470",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481544/470-10-50-1"
  },
  "r18": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "SubTopic": "10",
   "Topic": "825",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482907/825-10-50-1"
  },
  "r19": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "SubTopic": "30",
   "Topic": "350",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-1"
  },
  "r20": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "SubTopic": "405",
   "Topic": "942",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481047/942-405-50-1"
  },
  "r21": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "SubTopic": "30",
   "Topic": "805",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479581/805-30-50-1"
  },
  "r22": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "15",
   "Subparagraph": "(e)",
   "SubTopic": "10",
   "Topic": "740",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-15"
  },
  "r23": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "19",
   "SubTopic": "10",
   "Topic": "740",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-19"
  },
  "r24": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1A",
   "Subparagraph": "(c)(2)",
   "SubTopic": "10",
   "Topic": "810",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-1A"
  },
  "r25": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1A",
   "Subparagraph": "(c)(3)",
   "SubTopic": "10",
   "Topic": "810",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-1A"
  },
  "r26": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1A",
   "Subparagraph": "(c),(3)",
   "SubTopic": "10",
   "Topic": "810",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-1A"
  },
  "r27": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "SubTopic": "10",
   "Topic": "505",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-2"
  },
  "r28": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "SubTopic": "10",
   "Topic": "805",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479328/805-10-50-2"
  },
  "r29": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(bbb)",
   "SubTopic": "10",
   "Topic": "820",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-2"
  },
  "r30": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)",
   "SubTopic": "10",
   "Topic": "820",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-2"
  },
  "r31": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(d)",
   "SubTopic": "10",
   "Topic": "718",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r32": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(e)",
   "SubTopic": "10",
   "Topic": "718",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r33": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(g)",
   "SubTopic": "10",
   "Topic": "805",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479328/805-10-50-2"
  },
  "r34": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "41",
   "Subparagraph": "a",
   "SubTopic": "10",
   "Topic": "280",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-41"
  },
  "r35": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "60",
   "Paragraph": "1",
   "SubTopic": "10",
   "Topic": "820",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482053/820-10-60-1"
  },
  "r36": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(22))",
   "SubTopic": "10",
   "Topic": "210",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r37": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "8",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483467/210-10-45-8"
  },
  "r38": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r39": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.19(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r40": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.19(b),22(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r41": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.19-26)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r42": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.20)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r43": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.21)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r44": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.22(a)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r45": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.22(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r46": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.22)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r47": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.25)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r48": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.29-31)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r49": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "210",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02.31)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r50": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "220",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "14",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-14"
  },
  "r51": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "220",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "14A",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-14A"
  },
  "r52": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "220",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-5"
  },
  "r53": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "12",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-12"
  },
  "r54": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "13",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-13"
  },
  "r55": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "14",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-14"
  },
  "r56": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "15",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-15"
  },
  "r57": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "15",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-15"
  },
  "r58": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "25",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-25"
  },
  "r59": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-4"
  },
  "r60": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-1"
  },
  "r61": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-2"
  },
  "r62": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-3"
  },
  "r63": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-4"
  },
  "r64": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "230",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-5"
  },
  "r65": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "270",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "14",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482989/270-10-45-14"
  },
  "r66": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "275",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-4"
  },
  "r67": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "275",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "8",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-8"
  },
  "r68": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "275",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "9",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-9"
  },
  "r69": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "280",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "22",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r70": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "280",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "25",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-25"
  },
  "r71": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "280",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "30",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-30"
  },
  "r72": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "280",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "41",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-41"
  },
  "r73": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "350",
   "SubTopic": "20",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r74": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "350",
   "SubTopic": "30",
   "Section": "45",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482686/350-30-45-1"
  },
  "r75": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "350",
   "SubTopic": "30",
   "Section": "45",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482686/350-30-45-2"
  },
  "r76": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "350",
   "SubTopic": "30",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-1"
  },
  "r77": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "350",
   "SubTopic": "30",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-1"
  },
  "r78": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "350",
   "SubTopic": "30",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "((a)(1),(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-2"
  },
  "r79": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "350",
   "SubTopic": "30",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-2"
  },
  "r80": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "350",
   "SubTopic": "30",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-2"
  },
  "r81": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "360",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482099/360-10-50-1"
  },
  "r82": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "360",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482099/360-10-50-1"
  },
  "r83": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "470",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481544/470-10-50-5"
  },
  "r84": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "470",
   "SubTopic": "20",
   "Section": "25",
   "Paragraph": "22",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481284/470-20-25-22"
  },
  "r85": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "470",
   "SubTopic": "20",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-4"
  },
  "r86": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "505",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-3"
  },
  "r87": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "505",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "8",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-8"
  },
  "r88": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "505",
   "SubTopic": "10",
   "Section": "S99",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480008/505-10-S99-1"
  },
  "r89": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "505",
   "SubTopic": "30",
   "Section": "45",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481549/505-30-45-1"
  },
  "r90": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "505",
   "SubTopic": "30",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481520/505-30-50-2"
  },
  "r91": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "505",
   "SubTopic": "30",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481520/505-30-50-3"
  },
  "r92": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "505",
   "SubTopic": "30",
   "Section": "50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481520/505-30-50-4"
  },
  "r93": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "718",
   "SubTopic": "10",
   "Section": "30",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480513/718-10-30-3"
  },
  "r94": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "718",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r95": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "718",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r96": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "718",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r97": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "718",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(d)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r98": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "718",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(h)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r99": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "718",
   "SubTopic": "30",
   "Section": "35",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480843/718-30-35-1"
  },
  "r100": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "740",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "6",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482525/740-10-45-6"
  },
  "r101": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "740",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-3"
  },
  "r102": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "740",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "8",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-8"
  },
  "r103": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "805",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479328/805-10-50-2"
  },
  "r104": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "805",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479328/805-10-50-2"
  },
  "r105": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "805",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(e)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479328/805-10-50-2"
  },
  "r106": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "805",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479328/805-10-50-2"
  },
  "r107": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "805",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479328/805-10-50-3"
  },
  "r108": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "805",
   "SubTopic": "10",
   "Section": "55",
   "Paragraph": "37",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479303/805-10-55-37"
  },
  "r109": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "805",
   "SubTopic": "20",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479907/805-20-50-1"
  },
  "r110": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "805",
   "SubTopic": "20",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(e)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479907/805-20-50-1"
  },
  "r111": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "805",
   "SubTopic": "30",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479581/805-30-50-1"
  },
  "r112": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "810",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "15",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481231/810-10-45-15"
  },
  "r113": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "810",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "16",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481231/810-10-45-16"
  },
  "r114": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "810",
   "SubTopic": "10",
   "Section": "45",
   "Paragraph": "21",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481231/810-10-45-21"
  },
  "r115": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "810",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-1"
  },
  "r116": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "810",
   "SubTopic": "10",
   "Section": "55",
   "Paragraph": "4I",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481175/810-10-55-4I"
  },
  "r117": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "810",
   "SubTopic": "10",
   "Section": "55",
   "Paragraph": "4J",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481175/810-10-55-4J"
  },
  "r118": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "810",
   "SubTopic": "10",
   "Section": "55",
   "Paragraph": "4K",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481175/810-10-55-4K"
  },
  "r119": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "815",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "4A",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-4A"
  },
  "r120": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "815",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "4A",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-4A"
  },
  "r121": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "815",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "4B",
   "Subparagraph": "(c)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-4B"
  },
  "r122": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "815",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "4B",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-4B"
  },
  "r123": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "815",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "4C",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-4C"
  },
  "r124": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "815",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "4C",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-4C"
  },
  "r125": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "820",
   "SubTopic": "10",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-3"
  },
  "r126": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "835",
   "SubTopic": "20",
   "Section": "15",
   "Paragraph": "8",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482960/835-20-15-8"
  },
  "r127": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "835",
   "SubTopic": "30",
   "Section": "45",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482925/835-30-45-1A"
  },
  "r128": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "835",
   "SubTopic": "30",
   "Section": "45",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482925/835-30-45-2"
  },
  "r129": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "835",
   "SubTopic": "30",
   "Section": "45",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482925/835-30-45-3"
  },
  "r130": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "835",
   "SubTopic": "30",
   "Section": "45",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482925/835-30-45-4"
  },
  "r131": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "835",
   "SubTopic": "30",
   "Section": "55",
   "Paragraph": "8",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482949/835-30-55-8"
  },
  "r132": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "860",
   "SubTopic": "20",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4"
  },
  "r133": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "942",
   "SubTopic": "210",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03.12)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r134": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "942",
   "SubTopic": "210",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03.15(5))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r135": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "942",
   "SubTopic": "210",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03.17)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r136": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "942",
   "SubTopic": "470",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480848/942-470-50-3"
  },
  "r137": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "942",
   "SubTopic": "470",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480848/942-470-50-3"
  },
  "r138": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Topic": "944",
   "SubTopic": "40",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//944-40/tableOfContent"
  },
  "r139": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "205",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//205/tableOfContent"
  },
  "r140": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(19))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r141": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(20))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r142": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(26)(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r143": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(26)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r144": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(28))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r145": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(29))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r146": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(30)(a)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r147": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(30)(a)(3))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r148": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(30))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r149": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(31))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r150": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(32))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r151": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "11",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-11"
  },
  "r152": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r153": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03(10))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r154": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03(20))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r155": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03(8))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r156": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03.7(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r157": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03.8)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r158": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "230",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//230/tableOfContent"
  },
  "r159": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "12",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-12"
  },
  "r160": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "13",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-13"
  },
  "r161": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "24",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-24"
  },
  "r162": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "25",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-25"
  },
  "r163": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "28",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-28"
  },
  "r164": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "235",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//235/tableOfContent"
  },
  "r165": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "42",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-42"
  },
  "r166": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "310",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SAB Topic 4.E)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480418/310-10-S99-2"
  },
  "r167": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "350",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-2"
  },
  "r168": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "350",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-2"
  },
  "r169": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "350",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-2"
  },
  "r170": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "360",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482099/360-10-50-1"
  },
  "r171": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "360",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SAB Topic 5.CC)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480091/360-10-S99-2"
  },
  "r172": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "440",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//440/tableOfContent"
  },
  "r173": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "470",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//470/tableOfContent"
  },
  "r174": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "12A",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481573/470-10-45-12A"
  },
  "r175": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "25",
   "Paragraph": "10",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481284/470-20-25-10"
  },
  "r176": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-5"
  },
  "r177": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-6"
  },
  "r178": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-7"
  },
  "r179": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.3-04)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480008/505-10-S99-1"
  },
  "r180": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "505",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "25",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481138/505-30-25-5"
  },
  "r181": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "718",
   "SubTopic": "10",
   "Subparagraph": "(f)(2)",
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Section": "50",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r182": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Paragraph": "12",
   "Section": "50",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-12"
  },
  "r183": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Paragraph": "2",
   "Section": "50",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-2"
  },
  "r184": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Paragraph": "9",
   "Section": "50",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-9"
  },
  "r185": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "15",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-15"
  },
  "r186": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "15A",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-15A"
  },
  "r187": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 6.I.7)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1"
  },
  "r188": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "805",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//805/tableOfContent"
  },
  "r189": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "810",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//810/tableOfContent"
  },
  "r190": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "19",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481231/810-10-45-19"
  },
  "r191": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1A",
   "Subparagraph": "(a)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-1A"
  },
  "r192": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "815",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//815/tableOfContent"
  },
  "r193": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "815",
   "SubTopic": "25",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480238/815-25-50-1"
  },
  "r194": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03(11))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r195": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03(13))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r196": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03(15)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r197": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03(15)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r198": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03(16))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r199": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03(22))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r200": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03(23))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r201": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-04(15))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483589/942-220-S99-1"
  },
  "r202": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-04(22))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483589/942-220-S99-1"
  },
  "r203": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Topic": "942",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-04.9)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483589/942-220-S99-1"
  },
  "r204": {
   "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "11B",
   "Subparagraph": "(b)",
   "SubTopic": "10",
   "Topic": "310",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481962/310-10-50-11B"
  },
  "r205": {
   "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "15",
   "Subparagraph": "(d)",
   "SubTopic": "10",
   "Topic": "310",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481962/310-10-50-15"
  },
  "r206": {
   "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "SubTopic": "10",
   "Topic": "310",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481962/310-10-50-6"
  },
  "r207": {
   "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
   "Topic": "840",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "50",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481266/840-40-55-50"
  },
  "r208": {
   "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
   "Topic": "840",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "51",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481266/840-40-55-51"
  },
  "r209": {
   "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
   "Topic": "840",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "52",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481266/840-40-55-52"
  },
  "r210": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "13",
   "Subparagraph": "(c)",
   "SubTopic": "10",
   "Topic": "230",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-13"
  },
  "r211": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "SubTopic": "20",
   "Topic": "740",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482659/740-20-45-2"
  },
  "r212": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "6",
   "Subparagraph": "(a)",
   "SubTopic": "10",
   "Topic": "270",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482989/270-10-45-6"
  },
  "r213": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "SubTopic": "35",
   "Topic": "720",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483406/720-35-50-1"
  },
  "r214": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "SubTopic": "10",
   "Topic": "275",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-1"
  },
  "r215": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)",
   "SubTopic": "10",
   "Topic": "275",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-1"
  },
  "r216": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)",
   "SubTopic": "360",
   "Topic": "958",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480321/958-360-50-1"
  },
  "r217": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "11",
   "SubTopic": "10",
   "Topic": "275",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-11"
  },
  "r218": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "12",
   "SubTopic": "10",
   "Topic": "275",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-12"
  },
  "r219": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2A",
   "Subparagraph": "(a)",
   "SubTopic": "10",
   "Topic": "718",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2A"
  },
  "r220": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "SubTopic": "360",
   "Topic": "958",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480321/958-360-50-6"
  },
  "r221": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "9",
   "Subparagraph": "(b)",
   "SubTopic": "10",
   "Topic": "740",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-9"
  },
  "r222": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(d)(1)",
   "SubTopic": "20",
   "Topic": "310",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481925/310-20-65-2"
  },
  "r223": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(d)(2)",
   "SubTopic": "20",
   "Topic": "310",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481925/310-20-65-2"
  },
  "r224": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(h))",
   "SubTopic": "10",
   "Topic": "235",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1"
  },
  "r225": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Topic": "250",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//250/tableOfContent"
  },
  "r226": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Accounting Standards Codification",
   "Topic": "606",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//606/tableOfContent"
  },
  "r227": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(a)",
   "Publisher": "SEC"
  },
  "r228": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(b)",
   "Subparagraph": "(1)",
   "Publisher": "SEC"
  },
  "r229": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(b)",
   "Subparagraph": "(2)",
   "Publisher": "SEC"
  },
  "r230": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(b)",
   "Subparagraph": "(3)",
   "Publisher": "SEC"
  },
  "r231": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(b)",
   "Subparagraph": "(4)",
   "Publisher": "SEC"
  },
  "r232": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(b)",
   "Subparagraph": "(5)",
   "Publisher": "SEC"
  },
  "r233": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(c)",
   "Subparagraph": "(1)(i)",
   "Publisher": "SEC"
  },
  "r234": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(c)",
   "Subparagraph": "(1)(ii)",
   "Publisher": "SEC"
  },
  "r235": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(c)",
   "Subparagraph": "(2)(i)",
   "Publisher": "SEC"
  },
  "r236": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(c)",
   "Subparagraph": "(2)(ii)",
   "Publisher": "SEC"
  },
  "r237": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Paragraph": "(c)",
   "Subparagraph": "(2)(iii)",
   "Publisher": "SEC"
  },
  "r238": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1402",
   "Subsection": "Instruction 5",
   "Publisher": "SEC"
  },
  "r239": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1406",
   "Paragraph": "(a)",
   "Subparagraph": "(1)",
   "Publisher": "SEC"
  },
  "r240": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1406",
   "Paragraph": "(a)",
   "Subparagraph": "(2)",
   "Publisher": "SEC"
  },
  "r241": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1406",
   "Paragraph": "(a)",
   "Subparagraph": "(3)",
   "Publisher": "SEC"
  },
  "r242": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1406",
   "Paragraph": "(a)",
   "Subparagraph": "(4)",
   "Publisher": "SEC"
  },
  "r243": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1406",
   "Paragraph": "(a)",
   "Subparagraph": "(5)",
   "Publisher": "SEC"
  },
  "r244": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Name": "Regulation S-K (SK)",
   "Number": "229",
   "Section": "1406",
   "Paragraph": "(c)",
   "Publisher": "SEC"
  },
  "r245": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "105",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479343/105-10-65-6"
  },
  "r246": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "105",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479343/105-10-65-6"
  },
  "r247": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "105",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479343/105-10-65-6"
  },
  "r248": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "105",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479343/105-10-65-6"
  },
  "r249": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "105",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479343/105-10-65-6"
  },
  "r250": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "105",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479343/105-10-65-6"
  },
  "r251": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "205",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483499/205-20-50-1"
  },
  "r252": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "205",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483499/205-20-50-7"
  },
  "r253": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483467/210-10-45-1"
  },
  "r254": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483467/210-10-45-5"
  },
  "r255": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483489/210-10-50-1"
  },
  "r256": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r257": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(13))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r258": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(14))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r259": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(15))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r260": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(16))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r261": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(17))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r262": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(18))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r263": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(20))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r264": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(22))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r265": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(27)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r266": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(28))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r267": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(29))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r268": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(30)(a)(4))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r269": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(6)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r270": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(6))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r271": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(7))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r272": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(8))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r273": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(9))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r274": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "10A",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-10A"
  },
  "r275": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "11",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-11"
  },
  "r276": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1A",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-1A"
  },
  "r277": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1A",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-1A"
  },
  "r278": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1A",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-1A"
  },
  "r279": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1B",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-1B"
  },
  "r280": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1B",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-1B"
  },
  "r281": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-1"
  },
  "r282": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-4"
  },
  "r283": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-5"
  },
  "r284": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-6"
  },
  "r285": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(210.5-03(11))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r286": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r287": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03(22))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r288": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03(23))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r289": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03(24))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r290": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.5-03(25))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2"
  },
  "r291": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "15",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-15"
  },
  "r292": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "17",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-17"
  },
  "r293": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-2"
  },
  "r294": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "24",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-24"
  },
  "r295": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "25",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-25"
  },
  "r296": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-2"
  },
  "r297": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "8",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-8"
  },
  "r298": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483426/235-10-50-1"
  },
  "r299": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(c))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1"
  },
  "r300": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(g)(1)(ii))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1"
  },
  "r301": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(h)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1"
  },
  "r302": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(h)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1"
  },
  "r303": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.12-04(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-3"
  },
  "r304": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "23",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-23"
  },
  "r305": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "24",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-24"
  },
  "r306": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "5",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-5"
  },
  "r307": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "6",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-6"
  },
  "r308": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-1"
  },
  "r309": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-1"
  },
  "r310": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-1"
  },
  "r311": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-1"
  },
  "r312": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)(4)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-1"
  },
  "r313": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-1"
  },
  "r314": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-1"
  },
  "r315": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "11",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-11"
  },
  "r316": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "11",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-11"
  },
  "r317": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-3"
  },
  "r318": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-4"
  },
  "r319": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-7"
  },
  "r320": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-7"
  },
  "r321": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "8",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-8"
  },
  "r322": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "9",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-9"
  },
  "r323": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "5",
   "Subparagraph": "(SAB Topic 11.M.Q2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480530/250-10-S99-5"
  },
  "r324": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "6",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480530/250-10-S99-6"
  },
  "r325": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//260/tableOfContent"
  },
  "r326": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "10",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-10"
  },
  "r327": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "16",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-16"
  },
  "r328": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-2"
  },
  "r329": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-3"
  },
  "r330": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "60B",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-60B"
  },
  "r331": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "60B",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-60B"
  },
  "r332": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "7",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-7"
  },
  "r333": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482662/260-10-50-1"
  },
  "r334": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482662/260-10-50-1"
  },
  "r335": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482662/260-10-50-2"
  },
  "r336": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482662/260-10-50-3"
  },
  "r337": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "15",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482635/260-10-55-15"
  },
  "r338": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "272",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483014/272-10-45-1"
  },
  "r339": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "272",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482987/272-10-50-1"
  },
  "r340": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "272",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482987/272-10-50-3"
  },
  "r341": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//280/tableOfContent"
  },
  "r342": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "15",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-15"
  },
  "r343": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "21",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-21"
  },
  "r344": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "21",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-21"
  },
  "r345": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "22",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r346": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "22",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r347": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "22",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r348": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "22",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r349": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "22",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r350": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "22",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r351": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "22",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r352": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "22",
   "Subparagraph": "(g)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r353": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "22",
   "Subparagraph": "(h)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r354": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "22",
   "Subparagraph": "(j)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22"
  },
  "r355": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "25",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-25"
  },
  "r356": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "25",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-25"
  },
  "r357": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "26",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-26"
  },
  "r358": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "30",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-30"
  },
  "r359": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "30",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-30"
  },
  "r360": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "30",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-30"
  },
  "r361": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "30",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-30"
  },
  "r362": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "31",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-31"
  },
  "r363": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "32",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-32"
  },
  "r364": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "32",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-32"
  },
  "r365": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "32",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-32"
  },
  "r366": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "32",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-32"
  },
  "r367": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "32",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-32"
  },
  "r368": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "32",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-32"
  },
  "r369": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "34",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-34"
  },
  "r370": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "40",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-40"
  },
  "r371": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "41",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-41"
  },
  "r372": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "41",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-41"
  },
  "r373": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "41",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-41"
  },
  "r374": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "42",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-42"
  },
  "r375": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "310",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481990/310-10-45-2"
  },
  "r376": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "310",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "9",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481990/310-10-45-9"
  },
  "r377": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "310",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481962/310-10-50-1"
  },
  "r378": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "310",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481962/310-10-50-2"
  },
  "r379": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "310",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481569/310-20-50-1"
  },
  "r380": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "310",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481925/310-20-65-2"
  },
  "r381": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "310",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481925/310-20-65-2"
  },
  "r382": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "323",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481687/323-10-50-3"
  },
  "r383": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-4"
  },
  "r384": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "4",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-4"
  },
  "r385": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "4",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-4"
  },
  "r386": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "4",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-4"
  },
  "r387": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "4",
   "Subparagraph": "(e)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-4"
  },
  "r388": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "4",
   "Subparagraph": "(e)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-4"
  },
  "r389": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "4",
   "Subparagraph": "(e)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-4"
  },
  "r390": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "4",
   "Subparagraph": "(e)(4)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-4"
  },
  "r391": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "5",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-5"
  },
  "r392": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "5",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-5"
  },
  "r393": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "5",
   "Subparagraph": "(b)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-5"
  },
  "r394": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "326",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "5",
   "Subparagraph": "(c)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-5"
  },
  "r395": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "330",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//330/tableOfContent"
  },
  "r396": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "330",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483080/330-10-50-1"
  },
  "r397": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "330",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483080/330-10-50-4"
  },
  "r398": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "340",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "05",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482955/340-10-05-5"
  },
  "r399": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "340",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483032/340-10-45-1"
  },
  "r400": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "340",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479483/340-40-50-3"
  },
  "r401": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "340",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479483/340-40-50-3"
  },
  "r402": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482598/350-20-45-1"
  },
  "r403": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r404": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r405": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r406": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r407": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r408": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r409": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r410": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(g)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r411": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(h)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r412": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1A"
  },
  "r413": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-2"
  },
  "r414": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-1"
  },
  "r415": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-1"
  },
  "r416": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-1"
  },
  "r417": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-2"
  },
  "r418": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-2"
  },
  "r419": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "350",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482665/350-30-50-2"
  },
  "r420": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "360",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482099/360-10-50-3"
  },
  "r421": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "360",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482099/360-10-50-3"
  },
  "r422": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "405",
   "SubTopic": "50",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147477123/405-50-65-1"
  },
  "r423": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "420",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482017/420-10-50-1"
  },
  "r424": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "420",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482017/420-10-50-1"
  },
  "r425": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "420",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SAB Topic 5.P.4(d))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479823/420-10-S99-2"
  },
  "r426": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "440",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482648/440-10-50-4"
  },
  "r427": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "440",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482648/440-10-50-4"
  },
  "r428": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "450",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483076/450-20-50-1"
  },
  "r429": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "450",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483076/450-20-50-4"
  },
  "r430": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "450",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "9",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483076/450-20-50-9"
  },
  "r431": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "450",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 5.Y.Q2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480102/450-20-S99-1"
  },
  "r432": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "450",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 5.Y.Q4)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480102/450-20-S99-1"
  },
  "r433": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "460",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482425/460-10-50-3"
  },
  "r434": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1A",
   "Subparagraph": "(SX 210.13-01(a)(4)(i))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A"
  },
  "r435": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1A",
   "Subparagraph": "(SX 210.13-01(a)(4)(iii)(A))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A"
  },
  "r436": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1A",
   "Subparagraph": "(SX 210.13-01(a)(4)(iii)(B))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A"
  },
  "r437": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1A",
   "Subparagraph": "(SX 210.13-01(a)(4)(iv))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A"
  },
  "r438": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1A",
   "Subparagraph": "(SX 210.13-01(a)(5))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A"
  },
  "r439": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(4)(i))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B"
  },
  "r440": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(4)(iii)(A)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B"
  },
  "r441": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(4)(iii)(A))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B"
  },
  "r442": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(4)(iii)(B)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B"
  },
  "r443": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(4)(iii)(B))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B"
  },
  "r444": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(4)(iii)(C))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B"
  },
  "r445": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(4)(iv))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B"
  },
  "r446": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1B",
   "Subparagraph": "(SX 210.13-02(a)(5))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B"
  },
  "r447": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r448": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r449": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r450": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r451": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r452": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r453": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(g)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r454": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(h)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r455": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r456": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1C",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1C"
  },
  "r457": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1C",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1C"
  },
  "r458": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1C",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1C"
  },
  "r459": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1D",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1D"
  },
  "r460": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1D",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1D"
  },
  "r461": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1D",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1D"
  },
  "r462": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1E",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1E"
  },
  "r463": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1E",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1E"
  },
  "r464": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1E",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1E"
  },
  "r465": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1E",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1E"
  },
  "r466": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1F",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1F"
  },
  "r467": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1F",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1F"
  },
  "r468": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1F",
   "Subparagraph": "(b)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1F"
  },
  "r469": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1F",
   "Subparagraph": "(b)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1F"
  },
  "r470": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1I",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1I"
  },
  "r471": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1I",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1I"
  },
  "r472": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1I",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1I"
  },
  "r473": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1I",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1I"
  },
  "r474": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(b)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-4"
  },
  "r475": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(b)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-4"
  },
  "r476": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-6"
  },
  "r477": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-6"
  },
  "r478": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "13",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13"
  },
  "r479": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "13",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13"
  },
  "r480": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "13",
   "Subparagraph": "(h)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13"
  },
  "r481": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "14",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-14"
  },
  "r482": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-2"
  },
  "r483": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.3-04)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480008/505-10-S99-1"
  },
  "r484": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479837/606-10-45-1"
  },
  "r485": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479837/606-10-45-2"
  },
  "r486": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "10",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-10"
  },
  "r487": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "12",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-12"
  },
  "r488": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "12",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-12"
  },
  "r489": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "12",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-12"
  },
  "r490": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "12",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-12"
  },
  "r491": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "12",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-12"
  },
  "r492": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "13",
   "Subparagraph": "(b)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-13"
  },
  "r493": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "15",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-15"
  },
  "r494": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-5"
  },
  "r495": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "8",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-8"
  },
  "r496": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "8",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-8"
  },
  "r497": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "9",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-9"
  },
  "r498": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1"
  },
  "r499": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(iv)(01)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1"
  },
  "r500": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(iv)(02)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1"
  },
  "r501": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(iv)(02)(A)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1"
  },
  "r502": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(iv)(02)(B)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1"
  },
  "r503": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(iv)(02)(C)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1"
  },
  "r504": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(iv)(03)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1"
  },
  "r505": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "715",
   "SubTopic": "70",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480794/715-70-50-1"
  },
  "r506": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "715",
   "SubTopic": "80",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480576/715-80-50-5"
  },
  "r507": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "715",
   "SubTopic": "80",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Subparagraph": "(f)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480576/715-80-50-5"
  },
  "r508": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//718/tableOfContent"
  },
  "r509": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "35",
   "Paragraph": "1D",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480483/718-10-35-1D"
  },
  "r510": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "35",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480483/718-10-35-3"
  },
  "r511": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r512": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r513": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r514": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r515": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r516": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r517": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)(ii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r518": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)(iii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r519": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)(iv)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r520": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)(iv)(01)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r521": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)(iv)(02)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r522": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)(iv)(03)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r523": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)(iv)(04)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r524": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(2)(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r525": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(2)(ii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r526": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(2)(iii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r527": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(2)(iii)(01)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r528": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(2)(iii)(02)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r529": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(2)(iii)(03)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r530": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(d)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r531": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(d)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r532": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(e)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r533": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(e)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r534": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(f)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r535": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(f)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r536": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(f)(2)(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r537": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(f)(2)(ii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r538": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(f)(2)(iii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r539": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(f)(2)(iv)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r540": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(f)(2)(v)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r541": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(h)(1)(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r542": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(h)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r543": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(h)(2)(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r544": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r545": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(l)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r546": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "15",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480336/718-10-65-15"
  },
  "r547": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "15",
   "Subparagraph": "(f)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480336/718-10-65-15"
  },
  "r548": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "15",
   "Subparagraph": "(f)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480336/718-10-65-15"
  },
  "r549": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 14.C.Q3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479830/718-10-S99-1"
  },
  "r550": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 14.D.1.Q5)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479830/718-10-S99-1"
  },
  "r551": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 14.D.2.Q6)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479830/718-10-S99-1"
  },
  "r552": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 14.D.3.Q2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479830/718-10-S99-1"
  },
  "r553": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 14.F)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479830/718-10-S99-1"
  },
  "r554": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "720",
   "SubTopic": "35",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483406/720-35-50-1"
  },
  "r555": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//740/tableOfContent"
  },
  "r556": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "10B",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482525/740-10-45-10B"
  },
  "r557": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "25",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482525/740-10-45-25"
  },
  "r558": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "28",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482525/740-10-45-28"
  },
  "r559": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482525/740-10-45-4"
  },
  "r560": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "6",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482525/740-10-45-6"
  },
  "r561": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "10",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-10"
  },
  "r562": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "12",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-12"
  },
  "r563": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "14",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-14"
  },
  "r564": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "15",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-15"
  },
  "r565": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "15A",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-15A"
  },
  "r566": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "15A",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-15A"
  },
  "r567": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "15A",
   "Subparagraph": "(a)(4)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-15A"
  },
  "r568": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "17",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-17"
  },
  "r569": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "19",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-19"
  },
  "r570": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-2"
  },
  "r571": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-2"
  },
  "r572": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-2"
  },
  "r573": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "20",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-20"
  },
  "r574": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "21",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-21"
  },
  "r575": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "9",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-9"
  },
  "r576": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "9",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-9"
  },
  "r577": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "51",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482663/740-10-55-51"
  },
  "r578": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "8",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482615/740-10-65-8"
  },
  "r579": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "8",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482615/740-10-65-8"
  },
  "r580": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "8",
   "Subparagraph": "(d)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482615/740-10-65-8"
  },
  "r581": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "8",
   "Subparagraph": "(d)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482615/740-10-65-8"
  },
  "r582": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "8",
   "Subparagraph": "(e)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482615/740-10-65-8"
  },
  "r583": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "8",
   "Subparagraph": "(e)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482615/740-10-65-8"
  },
  "r584": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "8",
   "Subparagraph": "(e)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482615/740-10-65-8"
  },
  "r585": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB TOPIC 6.I.5.Q1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1"
  },
  "r586": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB TOPIC 6.I.7)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1"
  },
  "r587": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 6.I.Fact.1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1"
  },
  "r588": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 6.I.Fact.2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1"
  },
  "r589": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 6.I.Fact.3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1"
  },
  "r590": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 6.I.Fact.4)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1"
  },
  "r591": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SAB Topic 11.C)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-2"
  },
  "r592": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "270",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482526/740-270-50-1"
  },
  "r593": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "740",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482603/740-30-50-2"
  },
  "r594": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "805",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479907/805-20-50-5"
  },
  "r595": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "805",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479907/805-20-50-5"
  },
  "r596": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "805",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "3",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479845/805-20-65-3"
  },
  "r597": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "805",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "3",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479845/805-20-65-3"
  },
  "r598": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "805",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "3",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479845/805-20-65-3"
  },
  "r599": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "805",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479581/805-30-50-4"
  },
  "r600": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "19",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481231/810-10-45-19"
  },
  "r601": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "25",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481231/810-10-45-25"
  },
  "r602": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "25",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481231/810-10-45-25"
  },
  "r603": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1A",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-1A"
  },
  "r604": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1A",
   "Subparagraph": "(c)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-1A"
  },
  "r605": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(bb)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-3"
  },
  "r606": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-3"
  },
  "r607": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5C",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-5C"
  },
  "r608": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r609": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r610": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r611": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r612": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r613": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(h)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r614": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(h)(1)(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r615": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(h)(1)(iii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r616": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(h)(1)(iv)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r617": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(i)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r618": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(i)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r619": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(i)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6"
  },
  "r620": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480237/815-40-50-5"
  },
  "r621": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r622": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(a)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r623": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(a)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r624": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(b)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r625": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(b)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r626": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r627": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r628": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(e)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r629": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(e)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r630": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(e)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r631": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(e)(4)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r632": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r633": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-2"
  },
  "r634": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-2"
  },
  "r635": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(c)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-2"
  },
  "r636": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(c)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-2"
  },
  "r637": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "820",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-2"
  },
  "r638": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "820",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-2"
  },
  "r639": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "820",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-2"
  },
  "r640": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "820",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-3"
  },
  "r641": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "820",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "13",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482477/820-10-65-13"
  },
  "r642": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "820",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "13",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482477/820-10-65-13"
  },
  "r643": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "10",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482907/825-10-50-10"
  },
  "r644": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "28",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482907/825-10-50-28"
  },
  "r645": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482833/825-10-65-6"
  },
  "r646": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482833/825-10-65-6"
  },
  "r647": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(c)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482833/825-10-65-6"
  },
  "r648": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(c)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482833/825-10-65-6"
  },
  "r649": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(e)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482833/825-10-65-6"
  },
  "r650": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(e)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482833/825-10-65-6"
  },
  "r651": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "6",
   "Subparagraph": "(e)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482833/825-10-65-6"
  },
  "r652": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//830/tableOfContent"
  },
  "r653": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "17",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481839/830-10-45-17"
  },
  "r654": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "35",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482014/830-20-35-1"
  },
  "r655": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481956/830-20-45-1"
  },
  "r656": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481926/830-20-50-1"
  },
  "r657": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "230",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481877/830-230-45-1"
  },
  "r658": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "17",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481694/830-30-45-17"
  },
  "r659": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "20",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481694/830-30-45-20"
  },
  "r660": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "20",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481694/830-30-45-20"
  },
  "r661": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "20",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481694/830-30-45-20"
  },
  "r662": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "20",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481694/830-30-45-20"
  },
  "r663": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "830",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481674/830-30-50-1"
  },
  "r664": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "832",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483482/832-10-65-1"
  },
  "r665": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "832",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483482/832-10-65-1"
  },
  "r666": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "835",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483013/835-20-50-1"
  },
  "r667": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "835",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482925/835-30-45-3"
  },
  "r668": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "835",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482900/835-30-50-1"
  },
  "r669": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "5",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479832/842-10-65-5"
  },
  "r670": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "5",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479832/842-10-65-5"
  },
  "r671": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "5",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479832/842-10-65-5"
  },
  "r672": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "5",
   "Subparagraph": "(d)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479832/842-10-65-5"
  },
  "r673": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "5",
   "Subparagraph": "(f)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479832/842-10-65-5"
  },
  "r674": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "5",
   "Subparagraph": "(f)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479832/842-10-65-5"
  },
  "r675": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//842-20/tableOfContent"
  },
  "r676": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479041/842-20-45-1"
  },
  "r677": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479041/842-20-45-1"
  },
  "r678": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479041/842-20-45-2"
  },
  "r679": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479041/842-20-45-4"
  },
  "r680": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "5",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479041/842-20-45-5"
  },
  "r681": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-1"
  },
  "r682": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-4"
  },
  "r683": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-4"
  },
  "r684": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-4"
  },
  "r685": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-4"
  },
  "r686": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(g)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-4"
  },
  "r687": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(g)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-4"
  },
  "r688": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(g)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-4"
  },
  "r689": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(g)(4)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-4"
  },
  "r690": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-6"
  },
  "r691": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "848",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483550/848-10-65-2"
  },
  "r692": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "848",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483550/848-10-65-2"
  },
  "r693": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "848",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(a)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483550/848-10-65-2"
  },
  "r694": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "848",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(a)(3)(iii)(01)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483550/848-10-65-2"
  },
  "r695": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "848",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(a)(3)(iii)(03)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483550/848-10-65-2"
  },
  "r696": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "848",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483550/848-10-65-2"
  },
  "r697": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "860",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(bb)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3"
  },
  "r698": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "860",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(bb)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3"
  },
  "r699": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "860",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(bb)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3"
  },
  "r700": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "860",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(c)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3"
  },
  "r701": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "910",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482546/910-10-50-6"
  },
  "r702": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "912",
   "SubTopic": "330",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482105/912-330-50-1"
  },
  "r703": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "924",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 11.L)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479941/924-10-S99-1"
  },
  "r704": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "926",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483154/926-20-50-5"
  },
  "r705": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "926",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483194/926-20-65-2"
  },
  "r706": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "926",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483194/926-20-65-2"
  },
  "r707": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "926",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483194/926-20-65-2"
  },
  "r708": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "926",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(f)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483194/926-20-65-2"
  },
  "r709": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "926",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(f)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483194/926-20-65-2"
  },
  "r710": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "926",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(f)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483194/926-20-65-2"
  },
  "r711": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "928",
   "SubTopic": "340",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483147/928-340-50-1"
  },
  "r712": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "942",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-03(10)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1"
  },
  "r713": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "942",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-04(24))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483589/942-220-S99-1"
  },
  "r714": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "942",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-04(25))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483589/942-220-S99-1"
  },
  "r715": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "942",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-04(26))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483589/942-220-S99-1"
  },
  "r716": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "942",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-04(27))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483589/942-220-S99-1"
  },
  "r717": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "942",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-05(b)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479557/942-235-S99-1"
  },
  "r718": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "942",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.9-05(b)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479557/942-235-S99-1"
  },
  "r719": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "942",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480842/942-360-50-1"
  },
  "r720": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(12))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r721": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(15)(b)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r722": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(16)(a)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r723": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(19))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r724": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(21))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r725": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(22))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r726": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(23)(a)(3))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r727": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r728": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(24))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r729": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(25))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r730": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(8)(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r731": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(8)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r732": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(8))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r733": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-04(11))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1"
  },
  "r734": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-04(16))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1"
  },
  "r735": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-04(17))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1"
  },
  "r736": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-04(18))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1"
  },
  "r737": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-04(20))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1"
  },
  "r738": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-04(21))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1"
  },
  "r739": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-04(22))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1"
  },
  "r740": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-04(23))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1"
  },
  "r741": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-04(9))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1"
  },
  "r742": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column A))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r743": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column B))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r744": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column C))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r745": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column D))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r746": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column E))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r747": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column F))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r748": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column G))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r749": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column H))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r750": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column I))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r751": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column J))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r752": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-16(Column K))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-1"
  },
  "r753": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.12-17(Column A))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-2"
  },
  "r754": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.12-17(Column B))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-2"
  },
  "r755": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.12-17(Column C))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-2"
  },
  "r756": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.12-17(Column D))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-2"
  },
  "r757": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.12-17(Column E))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-2"
  },
  "r758": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "235",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.12-17(Column F))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480149/944-235-S99-2"
  },
  "r759": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7A",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480081/944-40-50-7A"
  },
  "r760": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r761": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r762": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r763": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(f)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r764": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(f)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r765": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(g)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r766": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(g)(2)(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r767": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(g)(2)(ii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r768": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(g)(2)(iii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r769": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(g)(2)(iv)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r770": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(h)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r771": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "2",
   "Subparagraph": "(h)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2"
  },
  "r772": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480424/946-10-50-1"
  },
  "r773": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480424/946-10-50-2"
  },
  "r774": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-03(d))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3"
  },
  "r775": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-03(h)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3"
  },
  "r776": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-03(i)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3"
  },
  "r777": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-03(i)(2)(i))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3"
  },
  "r778": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-03(i)(2)(ii))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3"
  },
  "r779": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-03(i)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3"
  },
  "r780": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "11",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480990/946-20-50-11"
  },
  "r781": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "13",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480990/946-20-50-13"
  },
  "r782": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480767/946-205-45-3"
  },
  "r783": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "3",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480767/946-205-45-3"
  },
  "r784": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480767/946-205-45-4"
  },
  "r785": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-2"
  },
  "r786": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "27",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-27"
  },
  "r787": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7"
  },
  "r788": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7"
  },
  "r789": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7"
  },
  "r790": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7"
  },
  "r791": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7"
  },
  "r792": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7"
  },
  "r793": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(g)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7"
  },
  "r794": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(h)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7"
  },
  "r795": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480555/946-210-45-4"
  },
  "r796": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-1"
  },
  "r797": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-2"
  },
  "r798": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Subparagraph": "(a)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-6"
  },
  "r799": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-6"
  },
  "r800": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-6"
  },
  "r801": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r802": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(12)(b)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r803": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(12)(b)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r804": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(12)(b)(3))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r805": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(13)(a)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r806": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(13)(a)(3))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r807": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(14))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r808": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(15))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r809": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(16)(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r810": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(17))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r811": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(19))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r812": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(2)(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r813": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(2)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r814": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(3)(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r815": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(3)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r816": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(3)(c))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r817": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(6)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r818": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(6)(c))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r819": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(6)(d))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r820": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(6)(e))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r821": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(8))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r822": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(9)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r823": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(9)(c))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r824": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(9)(d))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r825": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-04(9)(e))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1"
  },
  "r826": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.6-05(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-2"
  },
  "r827": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.6-05(4))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-2"
  },
  "r828": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "3",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483581/946-220-45-3"
  },
  "r829": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "7",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483581/946-220-45-7"
  },
  "r830": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483580/946-220-50-3"
  },
  "r831": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r832": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(2)(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r833": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(2)(g)(3))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r834": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(3))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r835": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(a)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r836": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(a)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r837": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(a)(3))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r838": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(a)(5))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r839": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(a)(6))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r840": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(a)(7))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r841": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(c)(1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r842": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(c)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r843": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(c)(3))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r844": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(c)(5))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r845": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(c)(6))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r846": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7)(c)(7))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r847": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(7))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r848": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.6-07(9))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1"
  },
  "r849": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-09(1)(d))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3"
  },
  "r850": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-09(4)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3"
  },
  "r851": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-09(6))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3"
  },
  "r852": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-09(7))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3"
  },
  "r853": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-12(Column A)(Footnote 2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-1"
  },
  "r854": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-12(Column C)(Footnote 5))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-1"
  },
  "r855": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-2"
  },
  "r856": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.12-12A(Column C)(Footnote 4))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-2"
  },
  "r857": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 4)(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-3"
  },
  "r858": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 4)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-3"
  },
  "r859": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-3"
  },
  "r860": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "6",
   "Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-6"
  },
  "r861": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "6",
   "Subparagraph": "(SX 210.12-14(Column F)(Footnote 7))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-6"
  },
  "r862": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-1"
  },
  "r863": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-2"
  },
  "r864": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-2"
  },
  "r865": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-2"
  },
  "r866": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-2"
  },
  "r867": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "505",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-3"
  },
  "r868": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "948",
   "SubTopic": "310",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-29(Footnote 4))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479851/948-310-S99-1"
  },
  "r869": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "954",
   "SubTopic": "440",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480327/954-440-50-1"
  },
  "r870": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column B))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r871": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column C))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r872": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column D))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r873": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column E))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r874": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column F))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r875": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column G))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r876": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column H))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r877": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column I))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r878": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Footnote 2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r879": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Footnote 5))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r880": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "976",
   "SubTopic": "310",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482856/976-310-50-1"
  },
  "r881": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "978",
   "SubTopic": "310",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482707/978-310-50-1"
  },
  "r882": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "28",
   "Subparagraph": "(a)",
   "SubTopic": "10",
   "Topic": "230",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-28"
  },
  "r883": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(e)",
   "SubTopic": "10",
   "Topic": "235",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483426/235-10-50-4"
  },
  "r884": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "13H",
   "Subparagraph": "(a)",
   "SubTopic": "40",
   "Topic": "944",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480046/944-40-55-13H"
  },
  "r885": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "13H",
   "Subparagraph": "(b)",
   "SubTopic": "40",
   "Topic": "944",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480046/944-40-55-13H"
  },
  "r886": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483467/210-10-45-1"
  },
  "r887": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483467/210-10-45-1"
  },
  "r888": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Subparagraph": "(g)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483467/210-10-45-1"
  },
  "r889": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "8",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483467/210-10-45-8"
  },
  "r890": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483426/235-10-50-4"
  },
  "r891": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483426/235-10-50-4"
  },
  "r892": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483426/235-10-50-4"
  },
  "r893": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "52",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482635/260-10-55-52"
  },
  "r894": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "30",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-30"
  },
  "r895": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "280",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "31",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-31"
  },
  "r896": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "310",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "12A",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481933/310-10-55-12A"
  },
  "r897": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "326",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "12",
   "Subparagraph": "(e)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479294/326-20-55-12"
  },
  "r898": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "326",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "12",
   "Subparagraph": "(e)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479294/326-20-55-12"
  },
  "r899": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "24",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482548/350-20-55-24"
  },
  "r900": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "420",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "35",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481639/420-10-35-4"
  },
  "r901": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r902": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "69B",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481568/470-20-55-69B"
  },
  "r903": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "69C",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481568/470-20-55-69C"
  },
  "r904": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "69E",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481568/470-20-55-69E"
  },
  "r905": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "69F",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481568/470-20-55-69F"
  },
  "r906": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "505",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "13",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13"
  },
  "r907": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "91",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479777/606-10-55-91"
  },
  "r908": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "91",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479777/606-10-55-91"
  },
  "r909": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "91",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479777/606-10-55-91"
  },
  "r910": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "91",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479777/606-10-55-91"
  },
  "r911": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "91",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479777/606-10-55-91"
  },
  "r912": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "91",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479777/606-10-55-91"
  },
  "r913": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "91",
   "Subparagraph": "(g)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479777/606-10-55-91"
  },
  "r914": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(ii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1"
  },
  "r915": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(iv)(01)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1"
  },
  "r916": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "17",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480482/715-20-55-17"
  },
  "r917": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "715",
   "SubTopic": "80",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "11",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480576/715-80-50-11"
  },
  "r918": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "715",
   "SubTopic": "80",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480576/715-80-50-6"
  },
  "r919": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "715",
   "SubTopic": "80",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "8",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480547/715-80-55-8"
  },
  "r920": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r921": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r922": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(a)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r923": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "4J",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481175/810-10-55-4J"
  },
  "r924": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "810",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "4K",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481175/810-10-55-4K"
  },
  "r925": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "53",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479589/842-20-55-53"
  },
  "r926": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "852",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "10",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481372/852-10-55-10"
  },
  "r927": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "944",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479401/944-30-55-2"
  },
  "r928": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "944",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "29F",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480046/944-40-55-29F"
  },
  "r929": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-1"
  },
  "r930": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-6"
  },
  "r931": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480493/946-210-55-1"
  },
  "r932": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "310",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480833/946-310-45-1"
  },
  "r933": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-12(Column A)(Footnote 2)(i))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-1"
  },
  "r934": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-2"
  },
  "r935": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 1)(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-3"
  },
  "r936": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "6",
   "Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-6"
  },
  "r937": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "830",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "10",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480167/946-830-55-10"
  },
  "r938": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "830",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "11",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480167/946-830-55-11"
  },
  "r939": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "830",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "12",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480167/946-830-55-12"
  },
  "r940": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b"
  },
  "r941": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r942": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r943": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 10-K",
   "Number": "249",
   "Section": "310"
  },
  "r944": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 20-F",
   "Number": "249",
   "Section": "220",
   "Subsection": "f"
  },
  "r945": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 40-F",
   "Number": "249",
   "Section": "240",
   "Subsection": "f"
  },
  "r946": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Section": "13",
   "Subsection": "a-1"
  },
  "r947": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Regulation S-K",
   "Number": "229",
   "Section": "402",
   "Subsection": "w"
  },
  "r948": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Regulation S-T",
   "Number": "232",
   "Section": "405"
  },
  "r949": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "405"
  },
  "r950": {
   "role": "http://www.xbrl.org/2003/role/recommendedDisclosureRef",
   "Topic": "272",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483014/272-10-45-3"
  },
  "r951": {
   "role": "http://www.xbrl.org/2003/role/recommendedDisclosureRef",
   "Topic": "450",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "10",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483076/450-20-50-10"
  },
  "r952": {
   "role": "http://www.xbrl.org/2003/role/recommendedDisclosureRef",
   "Topic": "855",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483399/855-10-50-3"
  },
  "r953": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Name": "Accounting Standards Codification",
   "Section": "35",
   "Paragraph": "2",
   "SubTopic": "740",
   "Topic": "718",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480887/718-740-35-2"
  },
  "r954": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "SubTopic": "20",
   "Topic": "842",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479041/842-20-45-1"
  },
  "r955": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "12",
   "SubTopic": "10",
   "Topic": "230",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-12"
  },
  "r956": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "15",
   "SubTopic": "10",
   "Topic": "230",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-15"
  },
  "r957": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "SubTopic": "20",
   "Topic": "842",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479041/842-20-45-4"
  },
  "r958": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "SubTopic": "20",
   "Topic": "842",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-4"
  },
  "r959": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4H",
   "SubTopic": "40",
   "Topic": "944",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480081/944-40-50-4H"
  },
  "r960": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "9",
   "Subparagraph": "(a)",
   "SubTopic": "10",
   "Topic": "740",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-9"
  },
  "r961": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "210",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//210/tableOfContent"
  },
  "r962": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "210",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.5-02(20))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1"
  },
  "r963": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-4"
  },
  "r964": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-5"
  },
  "r965": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "220",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-6"
  },
  "r966": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "13",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-13"
  },
  "r967": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "14",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-14"
  },
  "r968": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "28",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-28"
  },
  "r969": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "230",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "28",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-28"
  },
  "r970": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(d))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1"
  },
  "r971": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(f))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1"
  },
  "r972": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(g)(1)(ii))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1"
  },
  "r973": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(h)(1)(Note 1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1"
  },
  "r974": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.12-04(a))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-3"
  },
  "r975": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "23",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-23"
  },
  "r976": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "24",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-24"
  },
  "r977": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "5",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-5"
  },
  "r978": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "250",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-4"
  },
  "r979": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "55",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-55"
  },
  "r980": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "260",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482662/260-10-50-1"
  },
  "r981": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "323",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481687/323-10-50-3"
  },
  "r982": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r983": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r984": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r985": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r986": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r987": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(e)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r988": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r989": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(g)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r990": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(h)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1"
  },
  "r991": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1A",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-1A"
  },
  "r992": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "350",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482573/350-20-50-2"
  },
  "r993": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "360",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482130/360-10-45-5"
  },
  "r994": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "360",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482099/360-10-50-3"
  },
  "r995": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "410",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "10",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481931/410-30-50-10"
  },
  "r996": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "420",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482017/420-10-50-1"
  },
  "r997": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "450",
   "Name": "Accounting Standards Codification",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//450/tableOfContent"
  },
  "r998": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "450",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483076/450-20-50-4"
  },
  "r999": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "450",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "9",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483076/450-20-50-9"
  },
  "r1000": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "450",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "9",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483076/450-20-50-9"
  },
  "r1001": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "450",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 5.Y.Q2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480102/450-20-S99-1"
  },
  "r1002": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1A",
   "Subparagraph": "(SX 210.13-01(a)(4)(ii))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A"
  },
  "r1003": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "470",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1A",
   "Subparagraph": "(SX 210.13-01(a)(4)(iii))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A"
  },
  "r1004": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1B",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B"
  },
  "r1005": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1D",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1D"
  },
  "r1006": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "470",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1E",
   "Subparagraph": "(d)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1E"
  },
  "r1007": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "606",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479806/606-10-50-5"
  },
  "r1008": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(ii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1"
  },
  "r1009": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "718",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(c)(1)(iv)(01)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2"
  },
  "r1010": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "12",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-12"
  },
  "r1011": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-2"
  },
  "r1012": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-6"
  },
  "r1013": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "9",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-9"
  },
  "r1014": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 6.I.7)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1"
  },
  "r1015": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "740",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SAB Topic 6.I.Fact.4)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1"
  },
  "r1016": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "805",
   "SubTopic": "50",
   "Name": "Accounting Standards Codification",
   "Section": "25",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480060/805-50-25-1"
  },
  "r1017": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "805",
   "SubTopic": "50",
   "Name": "Accounting Standards Codification",
   "Section": "30",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480027/805-50-30-1"
  },
  "r1018": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "805",
   "SubTopic": "50",
   "Name": "Accounting Standards Codification",
   "Section": "30",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480027/805-50-30-2"
  },
  "r1019": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "815",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "65",
   "Paragraph": "1",
   "Subparagraph": "(e)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1"
  },
  "r1020": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "825",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "28",
   "Subparagraph": "(f)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147482907/825-10-50-28"
  },
  "r1021": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "830",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479424/830-30-S99-1"
  },
  "r1022": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "4",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479041/842-20-45-4"
  },
  "r1023": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "842",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147478964/842-20-50-4"
  },
  "r1024": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "842",
   "SubTopic": "40",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479741/842-40-50-2"
  },
  "r1025": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "852",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481404/852-10-50-7"
  },
  "r1026": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "852",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "7",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481404/852-10-50-7"
  },
  "r1027": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "860",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(c)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3"
  },
  "r1028": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "860",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(c)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3"
  },
  "r1029": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "860",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "3",
   "Subparagraph": "(c)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3"
  },
  "r1030": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "860",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(b)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4"
  },
  "r1031": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "860",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(b)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4"
  },
  "r1032": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "860",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "4",
   "Subparagraph": "(b)(3)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4"
  },
  "r1033": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "944",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.7-03(a)(16)(a)(2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1"
  },
  "r1034": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "944",
   "SubTopic": "30",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2B",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479432/944-30-50-2B"
  },
  "r1035": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "4",
   "Subparagraph": "(a)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147480767/946-205-45-4"
  },
  "r1036": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "45",
   "Paragraph": "3",
   "Subparagraph": "(i)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483581/946-220-45-3"
  },
  "r1037": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-09(4)(b))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3"
  },
  "r1038": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "946",
   "SubTopic": "220",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.6-09(7))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3"
  },
  "r1039": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column B))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r1040": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column C))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r1041": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column D))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r1042": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column E))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r1043": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column F))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r1044": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column G))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r1045": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column H))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r1046": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "970",
   "SubTopic": "360",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-28(Column I))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147479438/970-360-S99-1"
  },
  "r1047": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "985",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org//1943274/2147481283/985-20-50-1"
  }
 }
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>99
<FILENAME>0000812011-24-000091-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0000812011-24-000091-xbrl.zip
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MKZO55S98Z/G_I\:/7(J)/!@9*:X.Q!@DHY<B!RG%/OI#^!@>0/\N"%)7AT;
M-\A=94"15,]F"C1WV3+E-2CTUO\>\:<7KQ"A'LC:W=[MSR30/G[^7XU$^3N-
M(+LB'EZP]<?(N8(!I6#[[UQ99V2,=,<D!0%\7.<@F5>Q&KJ8LM2MJM@BL-3U
M?;$3O1VB&;[1R,A8A);RKVTMVKYQ*+Y!5*"ZFF@?96NLWX.DT>B1N $(V4JG
M5X-$ESS$F'3-^!?Z@]."V*:<&P'7!H-Y/00$!O=P]YND+M"0Y35P%C-B:WS'
M@**LK64R-FCI@Q,DXPC\C=3>H)"Z&1?"&$%6@TR.JGAL,I[K A3%2HURM.N/
M )?1G=.ROA.J&#4G425^G\47])7H_F-U"W#8!0>'I@3:0=!\@[G?KU]^3J>B
M .&$5/ LG/MZEU6CFGL/#&X,"0&:8-H/10ZF][@4U@R=<;AD &JS/[91%3II
M:]2)G2)TL8]E0+RQ8.43B OL%*XU_FIP Q\,7$4A"5!C;T@\:3A9/GDXEJDJ
M5UPG.TNTKB51'QM*9"3YMBP=_?4:[1]'6NC?]9U*"WU+Z)<6$+2]:<%!^D@&
M:SO (Q,@9VX'< <E"&9G4E#6!E 8L<("!1DD$S6N\)D,4*%BYTUD3>M@&Z"_
M+*LDJXUWPI8PL,X8#4<2;MNB+15_T:4D#@] <"4K;^<9*V.KX'4^ 9JY)] _
M/8:=.V/*/E#Q'/[2XH'_HTC0>H-4(AHM8Q4O<2C;=L_V$3V81A2I8B-4G5?,
M,02:(RN5UKDP\(A-X???:OB*Z>)2PM=$M8HL; \GXFG<RH">)'M'A_OQ4FV"
M80 FV=-F@#XR(J,9,0JBMB)^F,EF ;#?VBU29TE;WK\O)H<_%K8!W/MH"<0E
MXI8==@,@C.R?O.\6SE9XJ[DL%+P#ZP*%GCSI[K'8=EY* LA1+M(K]+<R2EF/
M91PTX<VH >^]NW\=VE^+R(,$XU[@&UU/F#MYB/L5 $$OD@6Y>6BO"P5P/F)\
M?@# +0 @2#<>_A!Z9#$!8")WSU0;6*'()?E1T,B.X3@RFSBZ;Q4L49A8RF9*
MK:P#5/:,L*,GYW>EXQ@8O8/C91(C;6V(F7+T?"[R>BV9O>P5V:NI"?!&L2\F
M<",<J!%C;8-H#<$&UE(9"MFU/I*(A\9)T+?E:&H.FZ90)#T(R !++VMB<RER
M2R>U#LCGUSX?#%@PLA0J@QV"1(B2-["(!5I_O4L38[Y !JH OQ>BI,5ZN1B8
M%?"(!S39/IJ0RW.])(/(DO!-H!M:UP6!1YD3!JQ_CSS;.7%U@$D6'G(MBOMD
M.OM#7;M<\0@,NH[8'HOG#0,F9G '2 \.TAQEP"WN?1>B4/KAHI$X4/T'JAB3
M?"?#B(Y\L5X)?O#$?%M/S.Y:BL\PO(.$84!CMLK$A+<;9=SHB#[>^-:VB UG
M@5>YI;,X&GYK6G-+$[5'WXU1>U_3;7%TN#U'T9[8APWVFQ4;"9PLD)%PK8JY
MSN=,\2)#"TCH'4-+\'[<5'8F\S.:<6(;3K#MD!Y)YAQ/<.%Q9YI!<[@$$1I5
M26^+)+L):0)3&L3"'Q"?Q4*PZ00E(6VMQ/]NLHV"5 Q<M^A$Y0^\P816<SN+
MT-<R_Z"B$\>3HK!6L0V&K//"\H=-QE_4*T#( _'>A!2%87)L48G)$C3/*!?[
MA"XK;]..ENPMW\XJ+3$9A<Q :$P.GAZ$W']H<Y5<DNOAU*L4>)!H?ST7-A._
MN5_/^ SIOO!841)M<@.N64/;2,=>"A^8RS_I(MBI,$14V3A@*P[DS;1T9JRR
M9*==RYTS0Y\FR2FP6_].F>/F'1T'.+:U*,@,\J$&3>OH</3#P9%["=<7">+A
M/([3"N_WZ,63I^0)$0#>Z(MH.[F;AYOX/G3CE.A^7/%P)'NP+/?NL7\D7I(_
MR8M<%&' H*6"$#ICSA0?0)/_ J3BTCD/'N]E^^V,C&%KHOB@T-.#<-<@KC.^
M^WUP6@4%T2( <+RD>]'(=MJ/7\#/';?KO:'8H_WD(@*HL<Q(1\-;MQ52BL@Y
MAB&YZ'_JT/=5Z]R>VL=(84IL 3P3>44NJ+IDMYJ1C$/6I9/IL:J2B2!C-EP(
M4". S[E6")]E7END41-MG#'0Y1"YUT#(S#'+: "3\JP^=0:-X\VL__'# $X2
M_Y?L 6%RR1E3O4CLC'RJ824,\C :#,?O/CXD:S;Y6C]A.AJ"#?$S9R:YB4,V
M#A-&&S81D05FCC3<!,6UJT(O6)_>G.74F]IU;T SW0>:W -K%&T, )<'0Q/&
MS1J@Z&VC%%(KQ]+QU3UV<:_&-P>':J7*LHGKP5\7F'[2OA_'+^'M+[D<'*E_
M7"+\H$*3X)'Y)#2DDJ!*6TK^*%411_^.A%6DAQ,%:V726<=7O!WO>H#DG(;+
MMA<], -2_RV%GL3,XO+TK3\I9N/L^_<V/1MR]LZ%BV ^ME;[: )8=33?"2 Q
MV2 HO1.MG%:70&PKT&F004CTDAM=P F#H#*7*L\IZ;*2Z;10F#:%^ZT+"D'O
M9J3>&WS(U@O7'BA#6B> <H#C#7"*2!#"-#RNQ"$C!YB(B2:?/>?)=+$1<"Y(
MCTED=.]%;F[9@DB4OZ7!SPDR48!KG"VK\?H!?E(X:STC$+ U!;NX&-6Q4>P_
MA'^W$Q#VG9CES=FQ(.MMYNXP1*&+Y4S7(9@"D:PN$+@</N%IL^R=6[E X90^
MS96@LR&X11DT@R^LJA!E+HBO>6S!R16LNQ!F&9)+D3)AKK3(O7:Q22L0F++A
ML@"R;I1)1,LHD&0S(<!,RRC18#7B0S=)UV4K!@2SO]<3H_6D:,,&;TN8[H=A
MXO&N&2;>>*_I!6N[I"SUVQJW<5Z4INT4\98_-_AQ44Y?Y\,EU:MA\*QIMOA\
MQVD\]&3A>,T#_G=4]I,'(^S.&&&WA,Y-V$M.P0IX;_,0U(-Z(HKVSK9P&[V
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M5G54*JA$5,_+[(Z)<2(D$KT9MF4+JTG1J0TJ'! 0.TW<6OAA3B7A^3%/RQ5
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MHAY+[4OQD:H"S/ORZ:DP,W;J6U,4X^^M;"[%)PD)'[U5RL/P,V-K(1MR3.-
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MJ_T8'#X)_VWD"?]WE3\ 4$L#!!0    ( #*!.EE&U&BFZ"T  #Q1!  4
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M:WTE7YM@4T(1OLM%P76S:PUA%(Q*@U\RG[+-A)2U=C\08*7C%O=4T\KX28A
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MY-IY9 M7#"+,.]060*&[LRIG-TB9D@Y0JN;M'NNWX[L!UN-#8U7!/Z':8,<
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M&4T$E-SZK._L[BL4=!?6W84\8^@, '8&T-7=REU-*'M9>0FL==DQ)/&<Q [
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MO'B?NN$^=9"CCDG$EZA@%^V.=L!Y2<K7QC00,E<6D&#S)E2P>B=7P?F;SDT
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MQ[-D*C(*!?TG9X+J(B5U%!6 =FN7[ %:M0]V@[T;+*F?"Z:T!N_:CTAZ22M
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MB'B27*HAG+C=SZ*?7@G_FC_JE'GTK0A=G\<RR/ST++[D\8WP^?>\J**2M;2
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MV2H4_8IQ0FU8YCTSI*];'\QCCSYP__S,@ZAZZH?OF:MYTD"%K7:OWC:ZM*M
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MVG#P33PXU;UH;JZ\*DNP_0Y>>=C]1L9)S3NV#6C.3 ,:A"(.35EH[Q=L/(-
MZX]BJYN[K0*<L42=OM*@1.L["\)N0(F2\/+.UL=<M!TZS;DVR,3+I_P&F=!2
M;%/FI]J\O+_U46?53;RSVPBTLZ$84W\$V'HF(N\3CSBH;>@$5]^3]I;'A^M
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M6-8*88*.G8/601C*6[P 0!O^#@VX$,&8B_M"&P78)B_E.&22>C<BH0+BCAY
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MJ@E2S/K0]E,A^:,0*H)!@76RO%0IA&GIB,E;)*AU6C@&,HD[$*41]KH)J52
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MW3>D:$JK($#JV$1=Z92W4]O!B(3;%KT1&>Z>F;#ZP[5-&BK)KRCQ:%Z'4I$
MUZY%3Y"'L5A+!49#NZIHI>(.104;'QZ.M=/;,DG,^QFZXDRWK1MMS!I[1]_'
M?DB@B5:<]'<@A4%:>\;.4W[<@;A1D9&N*UZ_1ME2V H*QG1<YCF:09Z!$/<^
M4-'=% W>GY#1+F(P0U30?S)]012W:V9Y^&)G*)M&4!C3 >0Y2!6AS+8_0<XC
M[O^G[.',DD)LOAU(!7YN?(/5P,7/=2MZO-4N29*]! C\;)Y#"L&J(?;.1'&D
M>VCBF4//%Z*2)MW""CVP.[EJ&"@'$;5#S^6]E1,FU2)OM#X'1DK)V4_X"&8P
M&J^[;4&H='Z*\\A,FT]JW.>\CZRG'LQEE"]CI!MOVX[9N7,M,)9=0/8!A@ZY
M.8EV_D9U)<.*T$#=5X'22%2BI(QU0@T)7(+@$=2'G]?1LNDS7S>&UVU539<W
MFQNI,S=K))QU.O8U&I5@J.'T5)"= H<QLD#-QG@QD ZN*X,%69CJN'D1!DX>
MTQ@S@5*N+V-K!^DW#B0C5(G,75U,A5,@_2P.1N[/H;SU6:*!;Q?MIYZ$>4*J
M&Q.D?,9237XC!:LA!8_H3+X0P6>,J+RMEW-V;$Z9ZV='%1>UIQO=PT3E<'B$
MTZ."QW0J-<6YRG%=*:E]##/0CSK>> 6HYZ-S75S31-LYCRKO>S'0<BJRTJK$
M1<]&>W>[.$NC6QO-^1D.WJ;IQM+/X86*TK@@P^D%'$?3I+?(O)U.\[YX%$]W
M_54Y<.@U(P,!@V? &'7U<C@G-2?JGF[#B4_A.'D350+U8F9]*3.O4U>LC68W
MF;4UKX=8G'[/5(#_P"1@Z?[I8*KCN5:1HN%D#NIH+*\\;UJH7F\$D16WPD)R
M4QUE+QP@F0 %VMC[ME%C!:!YZ<:[NIDQA<)Y%P0V4 X9=HEGB,_!3"_1XR],
M7MV/Y*_H^3R>P:* BI@#:PQ0#5-J!4S56*JTV7HX,K9N3?<IRK.HY7,UVDV^
MP:K)]% JBE)?QA!#JD'-T^7?R&@'PSD)N2&;=;MO<F"6F ,CTI4EOVSNI^>[
MG\ZBN@7C#FQTXLNXJ%0L!_*RK1Z X3&$93M"I5@>PCWB-TSG>N1&Z"*AG85<
MK?$8DY(ILZ6'G4=U6 <<-HH;4S>*DZ!3Z-I84S$/^5U#D"6YR)3I7IB8DS6A
MC[T^XXZV',&<E5\O5$IH/FWCQ<%#GV8]%7T*_P:CD:L_?(Y>497>@:VR8#9X
ML5(U>M@&V%^<CTW[&,HXX?4@9K= _1")0[:H,D6I)"<ZB%+TN2C-M[ 1238:
M.1LQ-R)77?;3:X);F^QA%?R4+]!1-=1*G"3UO(F9FF,M?UE/J#QP6@YE(<3$
M.+CA D';H7Z@>]?U_LGY6&V,=28K4!J1>=)(S/VC<Y@L%EZS%6Y5'5,GE\D-
MHYD9!X@/;P$C)S'.1P(IK',![I.)">CM373U*%*J+*KAU/^ '=L$@KB!(*U-
M(,CZA+@MU(8H?,A-4@#L<(+H/)5$4+$<$<9'85!5?MYK%/.DJPR#Z/LWE2V,
MZ M$V4 'M;6D"[_2M=9 %T<U!<NIP:O@"R,4'2# AZ^4L$-G>#A& "$)":.@
MV%'ZP)=8BL+HGS/A@Z3[:U0@L5D1>"NQ:%)7OK0IR0>R*NSG$\L%FPHF*#BK
MT4>%'0EX/)(Z"R*]E=.Q#!M<KQKZVF=3I J##E"S.";P^@4H;+^B?F# /%.+
MR^#=I,I%=/0'>#I,_)%K>RNH/[5YAKENI,)L<Z^TRI@/W* LBV88+6LVA,11
M'\0=!7#8>'8L1UX<[XTIT4K.PV'A<?W8I&#J88*K1DA,9V:3O5RSI_FM$BL>
MZI>8/4RF581OP,[2L!]F99A]BXG.(AMYZ']):A8\=22E4^?,[K1I&C\C<33X
M<4:@BZ^B 5 LJ_P%DV))MF&>BF$JC.F"0F.9*M_-5)"8JW3WN,9N*=+85,9U
M_!%&L2$ED86D2X>J+EOL8YHJ6:-Y,)#.0N6Q#0-"1Q%F?5D+.G=432P,X'2A
M)A=+OJ.8/I#=9;#C0U@/6L6Z5I"N7X9Z*R5VPS'2;:Y=-#E/WD)_S%COZ3T'
MV]P2>F>G"Z2IR#TO)Y/5ZY/$!#3:%%L,4TBP"TW!+^>0PFG735M@(MYG#]0B
M\J8UO^K#RL7+[ESQ8O;W4NUGF1=POR/$+,*H#CIN))DCVXP$S65244] \Y"R
MMNELN?RLQ%G-%5D?[A<L3N:X=KRP6,6NSS/8"IK)9W:-";Q@7M:\WU,VK!DE
MI49[]B\97]>* 9?*, *V388X3C;J89R:"J#[0&K-U_-+G*.OO,(\G@J\Q0$H
M@O(77*-WQ3%6\:M1,:G% #SU;4)%(CY0<(N2?FI-*4;GXME1HDKK:.ZJ/A@9
MX"AOA4"HAS0YN\M@ITF'W#:7O4A#I<7-:'IZ]O9O=YL/,4Q&QA%N&TU+/4(+
M/P3IIPBAO%A.=)&]L0*26UCT$M3,TY2/O';#F)WG=J>UN5EJ*3'_D*&"/GW(
M=+$ZU4U<';>B]V.[UFDVYQQ!=9IB*76M@YFSHR2_.:DVN!UEM$HVRX,77-$\
M[WK.6:0059B#ZQBY:Q-\Z<J<$1#3DUQ *]))U3H(>OH-2JCH&:J[4D%O*D+'
MO?7S_.7J,<WI+$97B/V?(YSG[4P>>>9\X(IOZ3"+C<\FZ]&4! >!91U##XJL
MW$^CLP&4GZ8O8M F;(5?U#0P"Y!T61.9XT2-$-Q/(#]5K.54UT90OJF9AA/V
M@MD.=36I^7,CM/*(1YA@?UI(JCT0\=A$YQ^S08C^+V#$B?U"9[@2H*;#LM_D
MOK/BQ32O<M#!C?;H' <4D*H4;=W]5K_KC5$>M1#(U7,7JT-E?0PD<W"]DQA!
M.S6B"+%BYA!$,'^[6#6M9^?U)Q4]5S,+N"^5^'E/.@4^E:M<IQI]?_>%TFP6
MM55+<[Y_U<<1?8\HH65,H7/ [)<C/!E7*E86="7@<'^(E;!,>K$YKM8!$>N'
M\*B-J+RGD@4U,'60:[(QYJCRFOL/_'PD OVW^9>Z$N"(RI'*]+'Q*&[8'R5=
M4(A9H:JU]4'G.IYIZ:V%CVT'8LLG::&EK\4Y$L2(+:I(8F!\$XO(=/ANP- N
M5%B7274_.+JPB>Y308@UG6*OSQSY*$@_I31Z?/($UZ&*(8",O!#IO^N'+ Y3
M?:"_H&B2:6JAOL]J&8<Z=0=[I]"\-4A0$,!3%-=S*U!*FZGJW]98,X&8I &H
M[#)%([V)ZD?N,/:G&K0DFA74C+V=9@T8W2@4Z70 46T/OBRJNSB'WQN7#4_5
M._IGANWS,!Z]TZKI/.B3Z?1K::$28]T6Y-YL,&C.0W;?\@('A?U4;K<[S"2V
M014V"F+(\(ZT-B?P! [^GYW6;F-GNT8Y9P(N2-_/0 3XBH7PB>UF8__OVJA6
M>=BXK7DV 6Z7Y;0+?G-^D#,;OJ"UTVKLM>DHTN68^[/G4\@RDIEAN[W=:+8>
MF.'.7J/S=VW8X^O5:[<[C=TF78^FF@[%R%-2KIJ(2)1"<>]4*&T"F6 <"TIW
M3'09H+M<[;!;KZBG#+_BB;Z?&6LN*4V$,;Y"CTHS[B.Y[-$H#*!X'D6 +<L!
M?!:1LF*&FJ.'YN41=#T=JGM-@1Y&C.2[O"C=S)F<$<F4T'@[E.$#L,:K='VU
M7[3KJ[IZU2&P.T^)FRJG2SES-S+C_['WKLUM6UD6Z%]A9:;GVE608CW\2FJF
M2I;M)-UQVV,YR9W[90HB00DQ"'  4+3RZ^]>^W'./B HVVDGD6QUS71;$@F<
MYWZNO;8HR=BTR8A$</]/<XT>>YM&-2234J*L&/HP2^FS%D7!:;\!D#^B 1DF
M)20G8!+34J_@,F2F0$KK5Y%/SJKF%"6R)4JB3E<\!6F;9$A]RS0X43;E^1;&
MA2JE@&<%4O?+<W1$T,IS82R+?E\,=KN>4$P05%E8"4DR\+DP*9JJ:B>NW=3E
M\R$"P*9K\*TV*8P BTA#30.S*S6YOB]A;-'_7M*"9L'@&K'%?F&'?V.-K-4(
M+Q2BY;3!%UI$H?O-1>'3PKF] K1C.EH;M]E93J6N!06D&FAJA^\BJ$#O@D]J
MLG,B5VSL(=+*5#^H9<A&>\+[A[>)SM_3O#ORI3AKW*K@:?=6=?E_*_*'=&^Y
MBX\8?+*E+KKT.QO\WN[<[]JYL&4N"H:N=Z%!CR]5XQHO>)!]><:D./)-@=#%
M\ TCXYJVF@T#X*F_DX;> I%;C.!JY049[T='D\.=IR4HF6:WQ^-//!X^CJ@W
M^XX0ZPW#I'=Y\SR:,A8 @7I:W8]"_)L9"+2;E;'\DIKM:-L1\1.N$8F>6UB"
M(YC!E1L!>MZ>B3_Q3"1E$0XI8;$HR]-+RG_A6:E]"5AJXJW/P95/ZQ^HTIG&
MC]4&U\N3[4=3H ],+8LY$[38"OG%:!T8"0IW?>* !OQ:\;V+7 $'' ,$"M^3
MHGM+M:S'QNGXWOKF3(@&!#KB#Z,4/NC0A1@PN,@&!R:;K@('P""9*\;<[6G^
M"R1<<&Y&=%.49%P+3#:S,$=$L$:,8&E40XJ)#:4=:?=8+^Y,*[ R6.$&9Y4#
M<HD6AG\[+WOA] FN =T2YK[D+(S"11P/GO:Y6O6SIFD3D*1S--0 HP%5.2WM
MS,H8%5%T>_3^Q*/G7"4!'X6:(.W-X-IS))PK>9_0HEA(/*$)M5KQ/O;50*T!
M.C!8F\T(>@@?.8Y#.N9P5J;C(5G5]=ZYTV-Y:09?2&5")5Q&X*S26$E64HAD
M:1A[]R0\WI&4I=]Q/SH@XB02 )ZL\_*TE!SB?%5+Z)\72:*4HY1=2>\V/]:H
M9B)Y+O*)#Q]>,8B1=]_>CC_Q=AAC7S[>/5:#.6Q55DJ0U(VB+<:^)I5Q3%&D
M+2(9WFG;?JIF ?VR!UWG-M;EKL@77,3(4?FNF*\JDM&7PHWQMDA?G79O$>S1
M[8'Z4P]4KO1_ :K:;_:Y'>1>4U!F(H.3W(K >*R[2;F &)(:B-U VC\7_T:#
M5A'T*D+8>\?!C&93D>&=# Z2039=D61@<-I*K5, TPNS=+6%,BLJ/LW!?0 5
M@4%]3?$[GRSVGF(%CSW2,.+?;EQ4_A<^#)/OWOQX[%ITG1KK,@[+W_/I6^0C
MOV\JZ:#CH(8>X=A9J'L[PE)@I[G#:48RQVBP ,EIGE")NP+4.-@@63ZOFU6E
ME<CD)O&A;!P9J.:W]]B"^?NJ+AP]*%XEM9DU7\,9OY>KX686'N 7V>T-8\MK
M#XI$^$E[ESB/K90S T9X#G(-AW0P9#>CI?HG[K5RF!Y<-4AK8!1&-#)JTE1E
MM?':0S%R&!X;HF%P,*?";]*2\\J@^W"3K:>48K,T*&YVCW<[<6Q,IA0X"?,)
M$J\0&KQ ^OY?BHU7RUY"E!3OM%#+GP0IT)<Y%L8PY[< ]N6EE+6+L!Q.^[YQ
MS?'RH$4:R)CT67Z"J(\H2'2&;BD7)3HX0U(#$"89(! AV/+P?,(L9&49LED#
MV2-I?*VPC*FNN4:UPX)([1==O>=5?G8&&@?@AUR4^P7)(!J/OVAJNQB4PSYL
ME7#_4S!_.]O>Z;VC+\M7MEY-^;,6:_R].:<;M<O6=S&GI\)T_WN[.WE1D-5=
MZE=@F]QQS+?Z.X-8[/J911GQX2* 3XA<\6[R<MHW;G<?[<K9LU7L4BGU'9Q@
M:8WRIB!+K)L<5ZO3@ 7Y^_??\1_?'$=B7EM,$)S!XM\NQ!A%KJ\+^R/C"6%%
M!\I]KU#$[^.(1++I]QF+S!FHB78>M?0HZ* Y-K4H9SL@A?:U,7H53XIESW?B
MFL(-WZ>88C&1SZ5*'$1<3FVG= 2*6UI)+*>UQ GHHJ=%A8M<*#7'<?CBZ*>?
MO5O2_(J?3GA;_M^\9EZTL<]*Z4WO*/":4_LIK45PA,6[DD%% Z\=BP/ZH@7'
M=)5:CN\[13X[@I,H#ORD1GN :N,X97)[6))W6CHZ++Q[WQN_"5>.RPP ^2P
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M+O81=]'A.HABXMO@)H [:=_ H_%XR*:.2!:W5)9\WFI*9 (KG*S7ZUVPTBC
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MLP#/I=WD^%4:FFL*X^7##92X;ZQ;J<49-ZWP$'54VB^Q<?ELBA1$X_<%EZ%
MB*+A.\XI)+!)R@ 3%7M:>SZO>#TEW]2"*$T9;R7CA3(A/N^C1G,F@IO_E?)>
MM>Q&XB>6[W3EX2_R!^473:_I>YEJVE^(I8I:V@M)Z)S;^2J#6X![QG$PS$8
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MN83ME 1F7^\@K'_OX<'>_YX=[/ZZ//N*7MC_YU=[>_</#Q\]I D]WC]\_-7
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MGX)(/)?T.,I]H]HD1LK2D$UK.?@OI]/5,C2DD+.-5WXO)_YHAI/460= +F:
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MQ8"M%]S2 I4#8$P&V[]R9C/&W(A:E:7<8/H_O9+&J6CPET_FTE=J[*+ETO>
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MN:N25(GP 17QUE3[V:NC6.Q EADCO:7H :\"I\"JP\$Y+:IF?4,O0BCST6,
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M49N#V+CO?B8.!LLF:32IF@B*'$_O8O(4+7?#.^2RJ52A_\MGQ?^M<*%L=\/
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M_%I(650"N[3T!0I%2"^4H@6&8U6$'!=928$FMS6R+=3O][Y=Q[H(V@F^J^G
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M3R')'N;6*D]#WU53@REMUL(2Z+<_,#EZ2ATLT>?0PC&!SP])AR2;*T1N:VY
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MH"<^IM'H&X)%-X-;>P6*T2\D.D&*B9"$$S/J%$?Q)%RLP%KI]-\U$![&R?
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M4E#B7.?^\6X8?#[!_S8'1R'._?^S&S9S-%^/_^);7I"[R5NR.OR%J'2(C&T
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MQU;U4!9Y '?1D_G-(T =MT23]R@OX-C(MZL+K.3H"/F)09/'B82T4O4]$;+
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M$V6L 2_PD@T>I?M4]P."4[G+M<?TP$]6E[&8<C]_5&#EC)-X.IV5E1J7\T=
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M1[ Y6)?*1LBL](T23J%"ALT0<<;\.(XJX$L69[BL$)Y=@;]X<4D[JM.*,&R
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MA+Q#TE[J)C,_UL? 8[I./)0"%=?[U(1^'@R+/(HIRQ[C%["-%X@\3?[#"Y^
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M(!4DN;^^<E\M&)UO]SH:=;#5@-#ZT:#%F>SN-H?BH;S]'&M)4-*Q_E7M7F>
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MY70W2_!I& 01VQ,BZGO-[#D7?E@&T5&D6 8.AH)W-,Q/,'=XZK1]:.3M>N;
MW=$3:"SX-85K"G]Y"N^90]MK(87OZ@B+38F;$P=<AJAVM]W5T-H!)D<54M_E
M_"T.'-BFU]\Q[]Z0+9XUKK#M7IID4I^%Q ]$)ST+E>_U[.>VV7<&%^T@\ITC
M-)K.-9UOH'/7'#K]UM$YV5YOZ-;#MEVDY)Y;<R'XBOJ:S6DN#75Z+48LT15@
MM9\!=J?&EL1A.=LF;G('!'_]3BU@EIHOERW8J/,#M7F[P9Z-V(* ;BOSW@,C
M=9!N[<5Z=<,X':_R1ME*;\JP[4"&32ZQV$(TOTT9CMM4IYM41_E4+_R?%[TI
ME*8<%Z9QA8UBI@"/RVL6I/-8>?!J?@O8-EQZUN$C8:]I.OSUC.:H+S;N,(V_
MAT$ ?Q=3L45$D1K$^/.41>4+Q01K^.^O+(ZSA^C.CT,?NW/3V&+JE,>G,8EN
M(-5/2V2)MB!EZXT/;,1;F(I^0C;-02L'8Q4-P\-4&9AE!+Q?Q5AMFW#D(V,S
M/#K-<@[S"" GX*S<H:^TCE6NTTN@ _)HN/SBN+>:ED *YV;B2K_L>,$_$F:"
M;DNZ+_N;B';B13_RA;O^"]LSL7,'-=% -KD/,QHSQ@(+)Z@KXF-A?DIM'P%W
M!0R<*MN+V=E7<3PO1 :VUO@5=FS8G<O_6ERVF N&34G"B+<R4?KO#D3_7=U_
M4:%:;["Z_V*#KB2#HBO)H39MW&<+%5IQ^^8CI<C?,&2LK5U(EH98/K+U"(WC
M*L9.WH#6QWDA2?J 78#X>(VLVI^$YCV :# 8C1M$=04VW@^6BX96LE_6Q^]?
M+[;K96+;JR!\"/U-7,=R!D_4M<.V>@U;I;Q *Q&]J4/?E+=^J9/I!',:9]K0
M4D(?_72./CS,SD=?68J; B/X)1H>M0^[Q]JQZG0H^).8ZO#F_(.8!''Q$J2\
MY]Y=3]5 JR;"W&YTMZ&'UB$";>]MM X1:,[3&41'!1?J:*PI:A<V?*,;M-7?
M),8LG1B#]G8;RGJR\DB]N%[\Z!=_HJN(O AEV&:!\AGG*;Y(.Z+#JK0YH$H:
MV_0\Q^P/FI8RM^?NGJ:W Z,WIV,..TWO/FEZT_2V&[VY=L=T[*;M#-M#;\7[
MQWDWV;9>M"/>7L_Z>B=GZW1I8V#MPRQI VT\45>S _ AKHN993NU,MFV$U#[
M$.YV/+.[:__H%C1G.G+T.(.^Z32^-:;1\U+H<5RSYVGTM!0]/6L?7>?:H+DU
M;6R6K(U-_F,ACM,)#7^@.U0OWYUNSTJI;W8;MW;5H8870X\'-H-&3TO18_=<
ML]]X3)1&SXL%ZO810VV#UM:TL3&6T;?V(5;;0!RG$ZG[QG(_C-ZD6,-^<L$Z
MNV_:PYX.-[04/3W;]!K7,&CTO!CWV&:_IT/=+47/N>U8[O;-=(XE&*,)8Z/)
MW[6&.E)WY)&Z+]C Y=0"=5W'=!H/QM&AAI="C]<S>SH2U%KT=%RS/] 5=6U%
MCP[4:=I811MVX\3\L1#':=_]XWTVZVX /B:2][AQ!NVC&,?L>I[I[CHR\:!'
M5YPZWO%6RHX!7HWW@\6[8[NFW<I!'AKOSX?WCM5T6OFS8[P-)I(FN6>,I7K6
MC@F0XZ8Y89;+38@G>T SC?VYY^D!H!?7B^O%5RS^1-4O[?6;"X^Y[$C-?LY8
MG#VN<\YC.Y+H]X_L_=/)-W[V0<10Q_8(_^N2ABE@EW86LW&89R>6BNR[MFEW
M=3*EK>CQ/+.GNT>T%3W=GFTZO:9A.XV>%ZLLLYI/(SQXEU;3Q<:"4,=J.AW\
M6(CCU.X+P"&SG 8)^A';S;@[X +*3M_L#)M:#[KP^:708P_,OMU4$FGTO!!Z
MAD.SX^A+'2W%SOFPB6UW+'7AFBXV"M6AOC1P]$$\,798QN[&;$?3[G!=&-ON
MF+8.#+46/1W/[ _WX61J]&QCVKFFW=?8:2EVNHW+HXXE.J-I8Z-@=4ZV8?/I
MA.Y^8S%+_8BRM'XP#>,PRU,:>7]B 3RWVS'[ ]VYH*WH<;KFL*/CJRU%CS-T
M3,]NVAE*H^>E:ANL?30T:H,FU[2Q.;RAF_0>?13O%%M_>)YG.IW#'7=V[.AQ
M/'-H[R/\H-&SE3\T,'N-AY9H]+P4]YQL;$;3QD:+KOG8A6,ACC:T_IB&01"Q
M=G3_6+K+I'N *'QB]CW7=+NMNR&N>P(\-][M@3GT--Y/#>\>3N)S=BP#U7@_
M5+PW'BYZ$OT8-,D]8S[$T33WC!'7]@9:"\N;_3D/\P<CC.]8ED]9G,-_CI(I
M,[$CWXE%8FVSH^\]MQ4YNOUR:U'CF-V!;EW>4N3TO9-ML*N)8^.5J7[/ZIW>
M??@VA%];8/M]8[,DQ=LR'W_Y]/W#U;.Y +7,4 >3O9+(V?.=O]V\,>@X9J?Q
MD.!CB#9I"C\1"G? 1#W)'NJ:PD^$PFW;M'LZ8W!:X=MSQ^HV[GAPW)%;36XZ
M0=5V;U*XT0I4G",HYLE^A"PU[L+LD2U3MP;+H7!-W^SV=BSO;D(BSQT[W6HO
MN\;.C@[I0].S=XR[:J0?*M+[IC/<L11=(_U D7X^;&*#/SNVVV 0:7)[1AGC
M6$TCM2=!<X],Z?"3''A1_<?O7W?TS+8Z_G&' +<#0;M98N!8CYP<N"T?O% 8
M<.-V=HAU:UH_"EKONY;SN(R.IG5-ZP="ZUVK?[IR?8>0^^YTWS[D[V#QOP3N
MVV#T:^)[;GB?NY:W:X;Q>.F.G,TWN7\3,?B_07CWM[_ _\@]B>-=H@I]:[M6
MMXKD?\^S/!P_B(/\[2\W*4[;$ZLOKK7RO1<$@+.N:!"OBT3S #YTYH!%9L"G
MHS")3?BG7?Z3^C:>.1UK6/R" UCR9/3C\L;/&/+9%"]^^SG^35P"-\9):OP:
M9D #AM-Q/%/YATM+EO]V3"-EV8R-L"=D]& UA^@&3$S]]#:,)5'WUN'T&7!#
M*[X-<_C<J(*M?BVV%* 19/T40)PG*OPV'13C1"]]RMTH,&"CE!$1(85U2Q($
MZG&L[FO+^#YAQ5/&O9\9LS2$8\(>C2 %>HF-FP?C/+PP1A,_BEA\BYT(1DD<
MA$B.F>'G1C)/C3_@LQ/C:@K['\'Y4VHYGQ&5^D8$8&,&[DQ0=PX?14"_(2QD
M/T(C@^_#WU2$X$.P&5CA@?FI:<#>[ED4X?^]21,?Q"@P6 !P3Q^,.$FG@(C_
MXSPR2[+\\OV7__[T 3801<D][CEE(Y"]/ G+'P-X5;9M!/,4GQ2[<]X0+Y6[
M,XW[23B:&!'?GX]P0US@0D#[$^-S,A)]6#\P((>8?T9)_O(?\ $)\@Q?CI/X
M<N9G&>P1 #YG]$1*$YG>I"S&#++XRSM !> "(7Z%)X<S^T6+"$"'W")*B31D
M\0BV>L]\;!U6S.Z4B(1OYQ- 7P@@'^$?<I:F2$15,'!I0HA2/EE"!;ZI8FT9
MS/CZV+]+4M0)1A8G]RK]+,!<6?@=O0GGA0.#)"W!=;NRX:V4CK"G68I0R1^,
MW/]9"$T.UYD?IAG]]Q2.F[/8!SC)9TR#^0! +KKESCB(D'+#>!S1L8AS,J8@
M\IZE0+ ^$#G ]P$>'F<LE]SCQ\49\ @JMDV%T>H>@Y,$<_@ZS>0BCJJRSP+K
M;<5-@HX ;@D<$2R5^QS/;("6B.G4,TFR^"N2&RT[FB0)ASL\A(_=S#-@@ R/
MO^%C\+52&$4;QLH"53!<)P"9',Z0QP(^F@PDI7_+Q%U,TFH)XA4?+197BRTD
M#=T!SR 35/GN#N0<$:4D&ZMLNY*Q6_H,?&,>P8[\*$ND0C?.!E:GJK]=RU;5
MMS_Z<XX;D']',KOE/%K,X9 ?753E"]K;?6[MW1HM]CD<YX4(E&P0D+4TK&@N
M&S27J2HJ3BUK> QQ,K2\UU(^KE)T+\5_9JV@\$M-7*<5X QVQ^I7CUYL_:GU
M\V%H9-(!Z\$F(* H+WEZV+<O&!Q/78H094OC-)FV7(7"]PKU6;O^@I57!R1B
MB#J2K#)$\=['[U^)'L&1>?WT(DF(!<^Q^N@A O704=\2_('@W]V'03X1_J?Z
MHG!!.N4K_@TXV/-\]2O*'D<@\%FZ)^GG#:O@4/]WDI8.]"V[O %\_+CTQ[#9
MMWYT[S]D&)%1_11P4A9@N'C\M7C8\8_M52W7I?52HV#LON56%$S/ZKPV53NG
M3BLM*247WB$_H!3/"Q)F@9MNY^ FU-E<:X6V97RK<PU47\_S%@YD.[0[%/=<
M 7+O0N@TU4L<RHAJY777&@B B(\NO6AW:U_L6/:BDRF]);$%9=&*,*K3SI5%
MEOPJTO'=0L<70IGO5< 4!-A4VGAB!\D\CUB>+6F?M0KN$AB*&2/X[P2>+I&8
MPUD"[EW@Y]C/D# _ E\$/QD)&S5/P%DH_39IELC?6""ENJIO)>J0G/@3?@$S
MT!U@I$CS<P9&RT\ 8 X6(^!F4(:;CMA^I [9!4#0MX/#@Y[,P#_,**@VGT[+
M)T#K<I^@H <?;6Q0&TSQS=AT%B4/C!F3!'V=V_(O@GM9>A>.U#= E<-71J!)
M"=N5=X"D?S!JYBB]@C0&1>L'%-"M/@N8OP,$&N!RW!2G.A>T+2.+Q$GT!!C!
MG.S\*1IR_U?P!$@P4.O<F&$LNX!=S.,0_"IDXX7=<[H5<$16X^8'A\N#?,HR
MJJ!6?:-LV= RHB2XE6>&/\49FIK2&:I=49&S73E]O!J[<E>8P4\C8H^821;;
MB59TFF=Y"TIME<_DYWD:WLPIT%_C?.T<HS&W"]+4V:HD HOH O!KNLK]^28<
M "%C1_,4-1!)V465K;I5P@U0;6\R_T'(9S19<Y,WM:2:<&_^31@A<P$0A?#'
M78_GH'=&/CP'?ZMHHC5!$6"C.O2*)(0.6CQ'T&)C**NPD6PRHE:SD*9?:=KR
MWU%C+YB90P*AZBQ7;<**68O^*3=<4S:.D!8!!N5:/)D#CQ6OB4A/IJB3": :
MS3NY(&X>S04RO^ 9L.,>+*-FPJXB5KM@ V_M$TCC!+?%@9U/$LSWX9IP:(-R
M@I:Q>NI;C6#O6[TM F9 *,F(QS>2%/"/F$S ,)DPGV,*-C!*$_#^8R T/ FB
MN'AT/(]'G*@6C10*H>.'IMS.+\/I2#^EA:NTVB/:+FRO>Z"/(K=QSZ._L'\V
M'@-6\<DOHSRY 3SQ;"?9&96P_7P6T,'$$6F7\/,66@H8.;]GK @(2U.=JQU5
M(]Z'P**5^#+NX;.P?<3K%]+264:25Q_5+!]0U25\X!Q,HT[%- +3KI$,/S_S
MY/CO<H4-JI=>ZBV^!%L;LRR#?ZA&9?F*:[G55VCY>8Z2(ZP\64RL+!??F(NI
M-P=*3A=.?%6HX*8&-9L:SUFD@L@M3:*+(]9CVW6]5,BSX&[*#DU0-!%.\%D>
M-45L*2XNRCJ@+B 06!@%!KC4/^"OH&Q(H,=KS(13# AV.ZL#@KC=,/CKJY"Y
M-UW/8P[KCX9>EPV'MM>W1UW7\6YZ0[?G_6_/?G7H442EZL)VVEU<(J7]-9?V
MVQ22#-M42+*@K93A$S(/VJ3NB.R5&;S)R&#")!7P_2V83&@$\400B%C2E,D<
M]AV DF<_1VP&_OD=%PV!C\*&#(SS__R/@>-TWEU]^$;_9;^[$,XB#QJ@<^_?
MP?-D4*<)B"#YRC=V]_6J>.OB[3:(6:A-*V0!M]<+^4+U?("?R)]E[*W\CW=@
M*,XB_^%M&!.4Z:5WU4(I_,!BYSO\'O^SX+7AT.IW^LANX@:7^+#@1 NP]F;Y
M=]>Q7->N_1-&9.M^7[64;5N];J_14JM_[[JNWI3>% ZLM-<OM>'28L.[A\]3
M(#O8JCZVOD#]Q,Y46S>NCWZ*1Q]N<W2N;?=S^"73C@[_E:6X*;!)FERN/A[L
MVMW#Q-N_,+#$X@ ,T'_,P91T;?-$*?B3B"2].?\@0B,7+T'*A;/WTA=3J@2]
M?X[BWNV:RUD[MM!N'Z6A9[C-;;2=.PP>*=!<#;3F0'.>SA8[*KAX;S1%[<B&
M;Y;(ZK3'(LBP(&8 1+3M[3:$]?2M9?7B>O%C7?R))NOQV_/#-LN3+_=8_#%)
M<A91G'ZI*6Z3(Q];CY:Z([:[ \# -8?]I@WVVS/E3!/;01%;Q[1M36SM0<B1
M$UNW/SQ88MNJ0\_ACNCSK!T[2A]\EQU-&QN[,W7T],;M'97#<R%^IZ+Q@/,_
M%K0G6+X[G_(?:IV*)OW*#I#B!SW3'C;556OP_XRM#A_;3>X L3/LF?U!TS'=
M&CLOA9V^V>_LV$948^?9=;G=L8:-6RT>O#+7A+&%D7>"='$Z<>(/=''G,1/3
M#I"H>Z[I=)M:"CKF\%+8<4S/T]AI*7:\@=GMZ7A=2[%CRUN@)Q>7T;2Q"5[.
M0-XJ/CGB.)V@W?=*\Y\3B\_9/=/MZ/A<6['3-1UOQV$B&CLOP#L=Q];8:2=V
M^M:.T\8.7G5KVM@8HO-TB.Z80W2_)='XQ )TMFOVG1TG#>L@P[-CQS'[[N'6
M!QX[=CKFL*_#IRW%3M_:!^.T06%KVMCL@EE-';!C(8[3"=!1;\H3B\MU>Z;;
M:UI(K&,++X6=KCFPFV8&-'9>*M_:,[N=?01_-':VRK?JN)RFC17YUL[)$L>N
MP;FC[>5@G+.?LL7VS'](DTATX$]9.+V9IQDU;L^6PKA-/)ZM@7<@_./:0W/@
M-F6A'2CIN<,<NS= .$6L.ZYI-TX3:ZP?.-8['=/U=KQKJK%^H%@_!_.Y\0W2
MY\-V&RPG36[/&7O?L?[QN$GN=&*O7U=;WB<6D;5[IC-HFHG24:67PD[?=+JZ
M%J^MV+'-OJYC;2MVSKM-NI(<2\!-T\7F/(JUCYL!;2".TX[&?D]P(&9-3%;'
M6I7XB]O;O>>?CK\<*M:]CND.=[PQJK%^J%BW';,SU'F5T\+ZN6VY.M:J8ZTO
M!.GAKJ6LQTUR>L@%&N'ES%LQ!5R/NM"+Z\6?=/'3N1_YV0?(<&7CQZ)=;82_
M7=+L>MG!]H;%;!SNF.FI <Z!*&+;'9H#;T=K7]\'>W;T> -S:.OK>FU%CS,P
M!X.F;6LU>E[*J>U9]NFUH-=TL9%MN]8^1&H;B.-TJGE^ X,N]2,#C#[##W V
M09:C6WFW6V;G<%.;W:'IN+KM64NQTW/-;D^7B[04.]VNV1GH4JN68@?LNX$N
MYM%T46/?[6.42!N(XW3B>KMWRCA<QP6GY+C[:.&MPPW;8&=@NL-]#$34V-D&
M.QVSY^ZCP[G&SC:F7,?JZU"=IHNEF8IZ*,%3Y8&;%H+L%18K:T'45AG%';V@
MTC5CQSX936MI#H2#G&'/'-@[1IA:4<_YZ.J)$\2Z:W?,0>,^KQKKAXUUI^^9
MO<Z.\4J-]0/%^KEG=1N'08^[D%:3VW.6C%FMLR;:0'.G$WK]ML+N/K%H[$Y=
M,G1$Z:6PLTN7#(V=E\+.+ETR-'9>RJ)LU"7C6")NFBXVP6N'+AG'0ARG?36O
MVB5C*2BKXZUJY,TU.\,=ZRUU#.90L>X,3-O9<4R&QOJ!8MT9]$S7:UJ0H[%^
MV%@_]W;H(7?<L2]-;L_H*GN-:R!.@N8>V;>.GP2.OPB8X[#8I:W^C<V2-&>!
M\?&73]\_7.W8;^7QP*IEMM:5G9SM#S[M9CT'G!K[<0,8GH3A7JAIV./VJFHN
MS6":P;:<FNWT'M=A4S.89C#-8"LU6-?L>YK!7J1/X3,Q6_N(:O#8H3%[(*DV
M^&Z:IMN+J?.N8WF[]H(]47JF6,2;W+^)&/S?(+S[VU_@?^2>IGX*OCB=O5?%
M_HC%.4OA"/1J 60.*SA*Y,\R]E;^Q[L@S&:1__ VC&E#]-([L;J ?'>V'(3
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M5('3&UZ;1I "MF/CYL'PC8#QQ^$](_)!AA"%T']=4O-B6.B&Q6P<YIDQ2T.
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M#.4.T G-D*02)%71G)C6G<<3%MS"+SBH3A 5DB*\.#6B!%:^2=*4VF5F\'#
M4GKMO_TP,OZ>1 ']_AXV&N;&U6W*&)9!GACEK:_^W#<1;JA-7:3'@!7TV+6<
M6GJLM,\NB=$'"A.M49&*RH6P:STVVKOQ(S_&ILKP5TF:ET#1,?5B+3::F;@4
M^PE/9B ]LTGYXCV\8\SS, ((!$#]B],$Z#39!#8*&YG-T]$$-L#E*5(M+29_
MQIV/N%+8)%A/BIY79[ZM?1(R#Z1_!TRQI?C:$A%CRW ,0KTV*X2+X8?7"P^[
MEH&+JO(SK_](M0]YO>A%CIK'8_\N24D"@S$(?X27>:OA$/8RHH[$^ U<>59
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M+F5W272'X3<@F20F!/,XUW_#P\;?DPCCIQD0(X-=&E>W8+D2&:QB*^.<VP!
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M%1O7; 8&S0T0C<,+X#Q,+1MVIW-YXV?@Z<\2^"P'*9/E" 61"L#RQ.#()R:
MO_MQ/*>XSF)%<\+?7P%;="_Y=P")"RCJ60LQH")43>8^;0-VQ\9C9.CE:E!/
MFFQ! D^B[I5!'WQ?Q,\%( D\OK2>Z>]+&,OJ"O'$N8OCUM6ZE'5@8NWW?OR
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M/;.L<"]4:BI<"E5XBI7%J<3J:@%(D>WA!2W"2**KBIB5!=2"GY.1@"MJ7
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M7>N>B6L@:%-B:;KQ\:>/D4I:6 D$5+Q_Q?!,Z08L@(RL/S7+&;-;8HBJ[E+
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M@V7\72;1^,+XL6)Q@@/&C<0-N3)XQ./HRQ^]5^6)B(V@,/:K#]#].VZSK+L
M2M=. [PXVNL/K([:1:82FSQSND[9P&)+;[X R,:F#!NKQ)Y(=^\49LVX(4QW
M=02J_;C0ZQCK"?BM$_E5@?A66G(-4X#?_9^(-M[@I+5%(">4]9-W5"IEYZL$
M-?Q)"A1N;5$D#7O)B&(W8IJR+"Z3-1H%(\D(VJHO4,14"CR0^Z-Y5,9YX#N\
M'E3Z7,%\5!JD]2^I#6_JLPAEZQ>\\TI%J;(H951$@,2]7WD5[K8L3I A0BK'
M4:! 'T378@TTEJX1%ZW)\$U8RX\HS\%M,PRJ):MZ^/ H[L+A44CB4VK.1-2
M8*#1ISNY5(PP5S-AQ?V):H))%D;@BBF[%=_A^8W"!Z]\:TW/H3)5X!OY?0(L
MQV:\T5@FSL+S(_0[3X3(-"G'A[(8?4=%R\U#E4ZY&.5\0!YX$4(MTJDR32HK
M9;9(L12?EW&-TO' 8V%IAQH"KC8:DQD%@#'@@3PW!!KO7R4!(4P,/Q:=]#+T
M10(.DX7R,<E0/+I)E_0YH")4XIAJ X")'E7BB&!!S:?S2+I^MV"QY'2O 0[:
M[;R6!X?-WC!^ ')E1*Q<^G^PJ3R/Q*6)3[1L&$^HI$N4=X4C-"V4"_?"-2^V
MS.T-7OYE<E8(L\4#EI:,N#=_(Z]CP :Q'R*F1PH[*)GG*)N(E"AK3J2#H%4O
M5,CT3H$DT[B9YSR)A+=KR!0SU1C"F%I-+;K9E4>(X?Q[DS,S:/.\(L'H3[R.
MF,.=PR^@E@E%^P.B'H)9#')>_ O?H*Z*5Y6$@Y+&1ZL/K4AJ<W7#,&N /BY%
MN0'3*=IP.9J.R#&REHS>H'P5]O*[B<)L0G>( ?8LO6,FN;&X ^J;@;D17EF5
MH1P)#LPL.?ZR@.\5TU;1 B/5[I+8E1>;%0WP4-34P5Y\7OW/C03\K0BWJ1S,
MQ:',5X :I$(WM5MB4?(F674L.D(4"NP8Z.CHDQ/_H[KUJ\TXV7V('"DU>;Y$
MAG6^OW@9WOV3]+T@U;7V!+^PM\V3JD[&/)MBQ<J=UIMA)FWVK-NW[,)Q7=<%
M,2R9#$0E(YD9<1.#IV@QJ9S+2A5QG?8!;:.(^A(5+7W+QI;4UZ;X>2PZU"[T
MO2P,%%+Y5%P',)!K%[XKY9K)@J;J+D&P\JX*#S-R0UAB110.$'MS?,H>2J02
M R;_0?8CEIP7^*!](1; Z16UQ4IH6@TNM%(,K*_#0N$Y]N\2GH_ 8Y8V41&O
MY9D+I5">LO^\&P\^(4P7M4Q>0C>HN%CD:$C[@9.ML/O>8&Z.+LN*DN9$W'$$
M'*9BE4K.2OF]ZB*4]PS)5)6&*UH>&PY:<PR?%UYRZRLNU)$XCUES&%-A2I;)
M7B6FJ#@OBQ;433_?^94S4JZFTEZXG?3:,"KS@8&9.N(=Q3^'=]QLT%79;1 N
MOZ-M3ZT ,&J1!+<4A9"W"+&:A="$_6;2.!2-UC'J\),N$9KDM<_1KT,)-.-%
MG5DRSN]][.EUQ\ )B&3G2!0VV/0'(Y88G2S#\^I==DXKU#"S**K*\M3'75]2
MOFW*0/P'U%UG(2P/L@_<!^"V<5%@(&I3KLKB8]'L*\'T$L.RI+20GRF;1?Z(
M,Z/P;^@#O,D13X:KWR@2=;R4 :]@XY9ODN2'2$X6X>W[%.]@Q)=X3Q2](R8D
MFFB(D&2Y*#B=8MPVH80;*D*E/C5.2#A1!P;<QH$)AQ/UC0IZN5,"_1RA3^8<
MK:1[G:=5T-/KZ#RM]EZ?T5*/0"_-;R?5[/1J-Q9+*N89&N#*:)+26\7._BN=
M)G.SUU0F#!07.5!L,2&%A*)!%6<*_1/0K5O_!T-[.N=6*K7.1TV-?TH,7JP7
MWH;4Z:E>!\O<1]%AM<CP&G;G=>'1%94IRVL(F5FSZ_NRKT9YX,)Z0&= GI[W
M9U7[#KL=RRU\;/3EE8*^ U.J]1;W+[*N^GTRO9'U;8=UL..SM:_(6$YB$9%!
MVT"4PZ-YF[/;!VH3>X-W%('!_!&W27GR$?Y,?K@L8R^+[S!KQKU'K(&1+:[+
M3B#\6C6_/DS$KERR+XFC;IP$E:G-0_[+ZC?5:\C@XN)WJ9#DBI:#S6 CN'N\
MVATEHR*<6W;(%6W0Q7F#RA&3RKTP$1>0U0]Q;;FL7&;Q-A>?/16H%S)6UQ9G
MA@AR!>+B BW+#1Z>+"N3N,7%TIISR=K[E<6Z6VXZ5,I3_#+*1@T6U%SDVBJE
MK3^&094Z7!,:T1"547:EU+I,@7'W3+W3,<- '5 ?/_8T"5C$PZ-(. **Q:4)
ML=_S>RJQ*2^88)MQ\0GA-!95UR#A%7-95+S*>R[EQK"(&=1/F!4],,NWBK;N
MV7R&JB[CQ^5[0.T!^*2RV&.0HL?D<RF=7U:+J"+9BS)2(179M$'-=ZZLV\*;
M0YR"L)*9BP=%+)"H6.RD7BXVKKG&Q[LF4@MQM/,JD7;!BSR"6S^R2:%/T0X.
MA.X*&W2QOKK<6"69(BRQ&5[KH%])&RUD4!1^,'EC#&1'+E=#WB&0>B.7Y95H
MBJ4A"4LNM:FU(,];WXBBAJ)?F\K*XQ+**+%&-(-!]K[@!91%,4#A15=KUXL6
M&N6189,H%=3.G^)+R_JD2!?)/8B:<I[+E^6893[_[?*MK$U7QLP-]\7 *D\>
M_"A_X*,6S?+.VA3+)&8RP%8)/2Q= A2U@+SN/"][19;J0-PG5GJ92@6\NI:1
M:(^[%A*DJW6R67]K;9V"7$W[R[<?A?ZCPI)P BJ2J]^BM,H?38 ?Y&-%O^M\
M I(!XY)B5,&*+RKM6 MQHN1;E.*3PL/C71W50,WRU>2O@'KC/1::;/RPO.D:
MRVO>:&/(>F&A>U&WRMN>,1@,LT30C#]-$ JYTOT;9R<D_^;W-#AL"JXC04>-
M@VJ'0,@2(&K>I-P+X/2AW#F0S8B5&T120A^'*CWZH,;_+%3:K[8P>6N$\AK[
MMN9FJ3R2JJI1Q RO:A=RDF+T%6')@P$8$C>*^P'$EWCQ%S/MJP48>5J\-AIT
MB+@QN^W.5QD!"]<15NBIQ2DQ- A6E+I5;HH%_-HA*4?.>+S.$S":! M!%CZU
M"KQ,GF LM.KR)D7P2,Y>*#.;U=:E-Q7SR&R*W<*3A*^@%$CXW:5D/,;:=5BL
M]&7^*7PR<?4B4]3#\K$-40H<;:]/:IT@JHQ<VK8  98D&E3IQ^M%32KI )1E
MH 'H4J"2#U8:U*ZY2+!JL&Q+Q>$FV5!6YBZKMS6Z6TSB6.UD\U*4M# !JQI1
MMBL778"+4(FB7+Y/RF+AAZ52L96ZEAQM06VTMGJ1/E^\'"](42$(P1UU)\K]
M'\(\2A8^JE: ENJ6Z^;"8B_K$D34:)UB+T8M*9<GA2%$ K"HZ=S"Z( '(KX
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M(TZ=;>[FG,(908)R'2A+-83S/C-ERYH*&G1#M:>L^,C6PE<2>P.QM^+O->>
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MVB'U:B/B']5^F@Y8P4&A8R]B!?-1$!1/H*U.:S!1653)4+#!61HK$2]N5,9
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M\3)+..Q\QW8 !QR+X1BJI8LB'2[*9/V5Q 0;]E#OQ' "%VJ6I[2SCC13N[E
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M"[,W#WZ2W7*;FA+M1/BN4TNX\ U]3I,)2\"? 3GNRJ0RQFWL>_=X$I]^YFD
M% WC('WYDI-)]C6)\:5I$D4T6V%'!=K"'O28Y])5):\0>2X2@YOM<'$P: ,&
M75.U]:[FIT@,BH'!C5X <3#H@'UCNZKNM&Y_=@@,7KJ?X=M:E86[%71-^A6Z
M45. [7BJQP<2DU'8G+6PE,53/5U6BHH&@*UTA/8 \'I]SZL=)R@!()A_8#\
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M'=\K0IC5YPFM5EPMST4(EM^F#^I^.=[43HGC.XH[G;0Q_27+9MCB'[,G,\1
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M\]<^)D"7N'@C?D);M".3P7]_2 $<V1@.)9K!C1>HRFT0!\- >0[S,:<9$+V
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MQ_<Y*?HRL1DFP#*/51G&M+C-$FR)F1=;>&"C%1!3Z/H 1??/&69[4H:8%R:
M'"I3ID'+).RU5'VB B0*_R 1MCL!$J%$HYFD-%%OX6H)>,=#IBN%.;-1-RR>
M7EEDR/L8%AIW0-L&%"IOI>-747U C5>Z\F*]5,>JE*55R]C@(HL?62/923
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M7"ZY('R=J<,U2D7=%;%1+G0H38HW<9UDJ$VD3BE[$_TH,Q:HJ@Q8I&W [JW
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M+OE'CH?QQW>7G>$B>J';)46M_X+^Z"RX<$HDPB(9C"4QQL%LYP $M, 8JU!
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MCAOEM"&<HS'=7H)PL&2DK7=[1D,W#=T<.]VL"18\)]U@=4=7[XS:1T(WVUI
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MQJCE$BW0QCF+DPJ<K0O%BPL KBS#,R1OD>6*8TRS:]!>N)(*3WCB"L3SR>7
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M5N6YV,?GI#*2+!Y5F7G8_@^#V)A53D#ULFZ_'2*7;-(WW")XXD.R0;5%#(O
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M^XUC6-7>2+TS,K4*I,YFN/'XZT$\*7O3>EXK":/<(E9*CH7PXZ"LQN&$A]F
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M?<Y)UJ#%8>PKLGAE_D'C0#)K9*:9.V:8\J SLH;JT"IGA\D$A%8F(!R3.8;
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M'SG)WPN*?P]AJAZE ?WJN/[G7;"<#,QTUT 4R]F+$H7F/,[NNERQX>#NRRA
MJ]5&B2M.H#0&[5$:,J.C(J/#. @HYSF*5CV-.SC0U95!5U?]@:4:1ONOKB2_
M;,LOPT/QBWU.]_^26?8OEMN95<P>W8KKB%RV=Y]O>2M^F%MQ>=6]1HG:1[S7
M,K7.2%<']MYZ5?HVA^"%;7.']KWJ-G7IY+:9$;1CJ@2C72IAPQ&9%$+!1-GJ
M*IM#/B7OXEL7,;^2.ZL*6^'XP2_3)-],VPN:6]YIGM)\:#9B;EKRJKO5:J-D
M39Q :?3;HS0. 8EWV>%TLTE,H2LMAVF0,NU63?5.K"T]G?H*9T W#H:NVOUR
M@YGFD;).5&$FY4W*6RUYTP\E;\.F;FRDL+6%LZ2P'1*X=7=1L_EE^J R@?2L
MI&UG^,?^<KA+6X)7.A" U1:E'GH3I1ZG0-U2>!@YQ<7*P6*E>35J'E8+^/UI
MYC'J3J!$P*88[R.0LY7U-ZZO?&>>!R^:,!7&@94YDX# ,%&80IYCK<R<,%X0
M2-?8B1Y5Y>71'3\67CV!UX9/L ;TX7S8ZWA.*(CP2#(31[D7.=I+.&O(8BBJ
MKC]W.*I;CLD$24R=WZZ6=S+%T?IG,3PK9*>7_<2Y!U&!::W\214<V"EVWM:7
M")3[[V.8 2$]L)O[D#D_;IPI3/:-X[TXBPCE."^D(*%+-%Q>/E_DZ-_W(:J
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MX%7M>%P],]B6\ =+?D?4  \WBES!=OD=1LYW)R@B8R=E1O@LQXMOSY6 >DI
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M_4P<T,$\!H^(AWX/XL=^YJ_\.GU/+_R:O>^6 N7UO1,+0ZB;+A%4G&4$2DU
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M*;9E![!B9BL&$4%%/'4B@;#\[(:!CY,"-@7U@YJ1Z\/)/,Q#,R_Q0';51/F
MB:M(@V;?30+R]BA")X)KQ%L9M^:D*65ND8&8<?<9:A0P:F?HQ\:X#"[%&4XT
M;,!+49,@V1+Y$Q'0O.O,[]/H^)LDOCGJB86(-TY %XSC0'!1, 4%0B?<,X5
M\ G/G;*8%DA7;N)57,91'62J($)UXW'W6XR$#R2O@/U6\=\O#OPO$.=Y*:RA
MB&.C,'T7(P$4S@*?SQF#$\]Y[,GYZ3[-GY19$/-^CCFL[ZU8I:0'.:D+_)IH
MT\Q\0",,GA2!XUQ,>%FY.]FR<X15<F<>V&OC!5?FT2/-BOG.O2!?,I2(7^%N
M9#<&(E$GR;.9.>XYANW^\#T\S4C!OK@1XX=EF9*H!K*H+WR8#TOEM5ER15VR
MTM2"_LFB7M4']>9DXH^N#UN(/(=IA8D"9RX->L_&#NK,E6'Y@,>YUJ0GBXQ
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M=5PQ^,^!]TS>%K_N)9,>-4^(4NP^B<! 4;[3RY6N\A\W@L,<+Q[PDBZU+9[
MR4@R@A*UEI?&O R2*<9O_YB?9KV>X=%]N\:S15LJ6JWS"EZ>.+%!S]?TXXIQ
METG \F8"&0EYPZ#B%"S;>.<7?%@7Y<]=BIQ=5!^W-D@;4R%;? '#]Q'$FN<
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M0I_+ZK+.@G\AIY96'4R_I0/!TN/<FJW.:)4.+FW12I5<)6,?83,C<=U'$A$
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M".S,*]9]Z *W1U'>DL+N!NDCO-JZG-0%2PV1R3Q*%2'S"9,WHAR.4.%=KU.
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M_--O_IK3L('-UV'S-5WMV:N:;QY[\W>-(UU,X/$[MFP5Z(?YU):=#L>ZQ+E
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M\,PUN-"PF\]NA"PQI=0Z<J9CS+^4GO*N)S$W<[\[/T7#L7?,9R RM<7%P#2
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MZ](UO0'*P+7E 9>['LC$9.*Y3$:(SRCHS2@XX12L$#,,1JYG_5_42S#J%@C
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MS,H>PH\IR!IS3G*]VYYG.L\4.>ERNL1<;9QXEEV:"K]-A-\5^D(@&(!)GUF
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M'/@8Q^Z VEA=&>#8;32EF 2";3GFEB0(3F*@_( ZE@4"&5AX.G\86FX6&NM
M+RY+?@CV/IC[L7W5HR#)E@M0P1QO?!F=A>1\'O.+[T9K,IA&7 8CG6%(P):8
MP2</!S@!<BK6ED8*@\7<DT\04:;50X=?^32: !^FY?-2U*%-?UM A?D U>RG
M5B!8WX1_ @QTC2F@$<,7)#RS-.>FQ(I;38(>+1V<,TO^TC:!N;I]\'NHST>G
MD$O:-T,8UB9KRFJ67&^"QSY2PB""&\.)E66A4F<2HNW.\5+<AUIYP%UL.E (
M*$/*]/4O%RU-&X<.U!"O!Q5M ?=[6'6<O".C4I<)"K?0(]J%&#9*/ 0XV62^
M@6#Q.7+%?,&MB1C2T=RW>"VQSU2-X-@%NGP"PWUB,J+@EI<)(\J,\Y@D,#7C
M6X BII<<UQ+_,D)%*X\@(!X-T(^TG;UZ$GH82!6>"8WHB6-F[Y]CAQ@;?% '
M'JN8C8_)!9T(ZQ71-D.<N94%2.0S#PSO%"X,_@Y$AD\S_:TXI=D &2,G%/$G
M'J9'-B'/,#2'8X&(V?I\H'WJ!7A6<1J!Z>^1U;.8XI^)<41/):\1%)>OIBL^
M%K1YX-S^(R)2>R8!&0?!&M44BQPN+D>%<#4]R_]Y/D2[B'$5+CRG]AP;;@)-
M<T+%(OA@+\!?W0"]6A)EA<C4PEQ(/_1^L<0>!3+V P1&AM"XOI$:4+:*3_&I
M%OOL4A4K,KC;EO/PTE8C_:LMC@FM&7HA'[7Z=-;]=CQ\G=YVZ?LOTW<U]N5)
MJ]NLW]&:_,ROXO'9:&VCGE/J#?G&FV&^@0D7[^A7>,B1-NRG>#('[P1Z9#[9
MM94!+QE;63%\=W^[MUC5K6EY:*K3A)D>K=J/>-$Z8!#'82N,G\>6JXX5U"DU
ML/\AUWF;=:X7=9T-N<[[7.=&4=<9.Q6H:]?YE1IB%D!QQ3EV%@38BMG7S[W\
M_'P4_70MUB:;FW%_3TK-QW:@]1;6\2CZ9_TZ-G =EQN^R'4LE'Y9OX[8(EU9
M/D)M1^4BK(GR*1>6CS@S86#F,PLML[SD^UU,JAVB406J14JR?$9N0M/V5GRR
MBJ>?8(G2"S9PK1*LW7IW49^IFBC^?[YF$DO]88XZ";6*DVBL3F)(KLQ>4*U5
M+]:"JKB@M7Q<J6&1=I$F@;L"9[4QDBOS<V6S6 NJ;X&56JM5K$D8FW+EML[R
M?#?0$D>!.W,9^UUL]CV3I 0274C'#1?T%M:3'1="_0 -_F^68XW#<:K=K]9P
M[\5R4.F\R%&&U$F:O[,G67]W45L9;-CZ1!+)]L7EB%5LC^>^IC1]S<OVQY?M
M56S?Q-C,JH"Q9/MRAW=RLSVXPM64*$]>MC_^)%>PO89G%*T,22X8@/.=U5=N
M/"OLSJ-D$3'?*^X346,)]O*06D'(N[.P7<%8S1HZN.UDMF<AG,"ZI]80*V2I
M5G*WPM0D4R0+4]L.KU-M)_8.=-C6 ;Y?!]LU6<$TJU956RI*+<72M0FP.HR.
MU8F;S\\>?<;J6=PD(8IA33'QQ0UA61OLESKNX:?^B%>T+_4A@$^.*+*S?")J
MI7$3,BMG/F-5NVX(,QSXE:BW_?S^4/[\1%DO<L_[CUOL;#E2"6VKI31K>MX*
M6KVFU(W6OFI5&ZIVZH^J[:,8=\/3VDM1D\9@+<_AY*68U9_L#SHX;_/T"=L(
M?!,AQB,BQIN8<MR4C?UUE<!'C&2=&@G:D>9BLP5C#=2,;_797\RDD\67,:T>
M9MN(<+-*\O /-9,O5IUMN9=#H4MTJE1&1^",DZ58V^EM79*$;0K64F+E[H5K
MM'0 E:%I[RZ:C3T? 7?L(][>^A%N)WU$VR/U&/>OEBCML (5*5&A0R.+@1D,
M*1T=#0U[5#951<TZO*EHDK9W1;?&%M[3P_=44LHHUN#-9@JKF3_SO;];*>$3
M/&!Z@S;P.=4LRKP@\EW<429%A1KO+EH[R_7^3AC?>=%+K ?3IEA2?EZAZAJ'
MUG0+7)];VV']?[VJU)?[E!Y-*K;1!KEU5M;O]U2,6@JU%'''=HHI9>(E44QG
M>]1,F%FX8YTB^=$U7 QY)ZC%+ 2(:TSR5/54?W>AI9P&LU0@O TS[ME_.V75
ME#;%8G-T(553Q.O^ULJI >::KNA9)_\>02RV40G;^E-OVF6ZY?EE[-7C\=,.
MWIS_M$\UM1^)OITE_5EC_*B'I[_2Z6KB@:H[*#7I;TE_JS!*;:T(Y%9R+33Z
M5*6Z7$E:*@^L%)"ZIJ'5_G>T%VVV,D.:D2'59(9TZ\BM7BU&AE3'[8R-G2-9
M,D-:"/?[+6=(YR6J8!E2706+Q5"5%*.^F)(F,Z2%=_=EAG0#/5L_?(94U\!9
M;]2+XXI(E_W4=5V]X"E270=UIU65W4OO9(JT='I)IDAW5TW[3)'J6,&SG ^2
M&5*9(2VA9MHY0ZK74#=IBKIS\%BF2$NGFV2*=*]JZH@I4AU;B<@4Z;&UFO2W
MBIDBU;&O2K.J5$M>I%H*2)4I4IDB34^19I_L(E.DZPR/@NPAU9OO+AKJ<O.F
M8N9M9(949DBSK)@B;R'5L:0+^[B4I11!)D@+[^S+!.DFK1H.GR UJFQ[>'$<
M$>FPG[JJ4PN>(#6P'DBK*XT"285,D,H$::$BSZM4TSX3I 86\-1D@K08'IK4
M3$=.D!K8S:?54)K+NZIE@O34?2:9(-VKFCIB@M0P0(RU7=2:=+BDPU48M;;W
M#*F!=4"&H=0*5+DM,Z0R0_K&,J2&S)!N';LUBI$A->KO+AJUG2-9,D-:"/_[
M+6=(C0)G2 VLZ-(U9?=$2EDSI"GB5MQ3R-><RO,J/!6?>Y X\@!//-C@Z$ZC
MB4=WQE4OT=&=_*2:PT&*A-2R0NI1;9/XD MVOL4<>W]TPO'YP W.Q6A2#9C6
MNXM:I6J4HO9DQZ-R<5!:>3V)'^*H-&> T4EV&C&>H88GJ.W'L\A+K3?E6>Q\
MK*"08+Z*/([#3Y1V\9*P@?#PL&QOHU8%;\/85]X\CU0<(O*Y&Y^56#7FGG])
MY2NWMW%@&=O! ZFIP@/9.3'X2L+W&NJQM![(')_UUO-9;U]\EN65J!NX)34-
M#Q!O[>B62.Q],]A;#,,F(0SQZ7P[^BPU?4\^RVM@\8[9CWV=;G[TDC]VENX!
M$B ;$>A->2K[+ZA:XY48[RZ,W<])VH[O#Y@&V9ZS2JP?MR%!287JF,F0A&#E
M=D6P>$.O*KNWW7L]B7LEQ5=:A^15.&N'E$BM#A"OU/>:$I'P>O+P>E2#95<G
MHW&0Q,C!4);Y&1\"G#G\=V#]NEB4UO^&B]$PQZ;W;#G,Y6G."]>_0C^PAM/7
MYR8-N>EI1,F+@*USD^,6><8-9^<#<!P).)2P8)CY&)J61W[ATA)W2+KMCL_O
M@Z\&;%L,">!9#* (=09P&3T/OG:1^\'[5+","O;T)R^F3_Y]NP;<Z1VX]^5;
MLRUW6>6>[,MK(,HMD$0P>XK9@%GMJE)=[AM5V7;.Z86O19HS)C=KBK[LF[ U
MWW+:6M&G7:^^NVC5%6VY<4>%@!N)T1GK%[6G"D%Q"]S M(D5H>6"3-%H]]@!
MI6J--&'SAOW2>&F?T!/28%%A",+6$X15WUU4E>5]!020T(8/:R1IC005:)[:
MNPM=66:?:)[KI6>-U!1HJCK 8DM9SJG.UG199'"(IC,E(W- <A]^,L?;U<.D
M)'BPYF'8%6/8Q/9) @CNGU%;%=#U*1"2>\9J"69<PQU#U=09,V[//6FM!),&
MKPZ .WW2#/V#D1FP I,=\']!@/B]($4^)2;.R&=BQ+70@GD7V]BQ.8M4MIR0
M46O.H!56I*'Q3883U[?PGH\>M4U\\Z<7:Q",(I\E\4-AD%=G/S%[8)F'0?9/
MEB(.1S*6U:JV0*'$OR,O&LX$#(?SGD?-G^?F$$;[T;1?S*F/3D/2(P!W8(&(
MB_/GL[SX[YZ'_D;RQ=M_R?]=6-F(0_56 [S$4C@NS&KRT6PZ@*FS,U!$2C$V
M&]547=A \V;9X3VH>?-:<VOBW%:8-&>#$&UAAF^1T4LF&(1%(QA\^$&$?L""
M/VD0?0< B1>9=PJKCV )-[X_E(ET$')MHC>2M&RAWE"RSEF.C<14RN#+=E8B
M\QB2K^:C/Z*#T*9":RZ9G',=-/!]5C!]PJC*$SSTTH8O9X1H@/!2H,\$E8('
M!F865*E:D;"J3?QP#*.;XK+@4OB!&81^])>P;O_SWYJ:VOCD$Z"M, &836"R
M&Y=7C*U5?X3,Z"\:"_C!$6MM^2 ZH/U9J*9';?>%G%D.W.&&,*F!7V'B-@F2
M$1YS[(;@%;__N*19UNN%6$6SV-A,[;-P')#<-B<^_1A]^#2P_(EM3C]:#B,<
M^]$G\71A*Z!N7$ROX_OXUS.UJ52YZA39?_%F\;4"7WU8OE[7E::JI7Y55=34
MZUF/ A$U#'U_CZJM?-2:.H<-.U,4)+G37)"C1FKHFX'K4OJC[+.*0D[G(N;$
MC#86>#K'R!/[$Y4'8=I#[O2-"7<?X^3&G9#?Y/:PS7UHO1B;?!M8_)NRR5?N
M!9-[P39/&^C;UY0@I\;HLE5*H*&]NZAK2FO/-2-'V>95QMY2Z_KQ%LY6.!2D
M[W+V=]Q\=&7SIX:>WG(W@\5/!W=/'D%W..5ZF76V@U$C*XF^$D:/54->1J3D
M4:I=+.9R(6C>EGN[0^A\'# 50FLL_[??MK#E!M>WVK-U9]2=Y[;M4+?.C-?"
M-&4]0?LT[GUZ<A;JZ^-K3,N5$-M 2V)CA#T=()5XF9-[MH-,K/;4%2UGKXAB
M;'9<WH1YX@'B['V01Z1= ;$\-Y07I$MD T_X2CFQ=[<]!#LL=;E5R"O0YQ05
MTPZ;&G</0#>K+'+2R!DY>174.\1>FRUK4F(B=^!?^"5\8@4IWV&%UY:C--4-
MRU$*53FW=36*%Y.(,/QG8B#K4S:L3VFUE&9-WZ(\I5%/_VJ;FI)Z:V^/:J3_
M1):GE,:AE^4ILCRED%95EG>QRRG=:?H]7J%L3Z*)Y[6E'!0L2U%D*<KFGL .
MIV&OY-OM/ ,=SP-M*,T]=Q"2M2FR-B4?GM?WC.<;G _=Q)V6^O)."ID&*,X4
MML/8^JX8NYJ9MH-:;!U5-91ZSDRJK%^1]2O[RZ^N@-EH0W,:FG+")H\\3@74
M^KN+YN9Y55FY(B%X4W6^ATJ6ICC(:/>#%V4IBRQE>7V+=J/2EF83F'S9F9.E
M+06:0B$ =3^E+DU,KJNZ4EONRU1(HU;6NLA:ET-$+QJO'XUN5=]=J"U#UK7(
MNI8C:J5&D:+9+=PKK&J*NBP5IUGH4H:&)\F>?5&3V-ULZ;O[V\,V_LS=S*VE
ML4AR>C.WC%*9Q2J8K&8\Y,4*1L3<JC/OEDU6TTW- C59;>F9L=3Y)I%;,URS
MX R'J0NM<0B&TX_ <,W",QQNRFNUTC3+GABN57"&PVU@S4/PFW8$?FL5GM\:
M[RYTO:[4ED,Y>^B">S!M>O-W: 73.P?X(<2+_@.LOO<T,IW4-GCYN;")"89]
MM<8]&,8?G PMW&"TQWZY!P.? U.B5JWFAJ4#M-4EO*,N?SY*I)G>4G<SV%H7
M2=Y?^^Z<J\.Z>B_#5CVQ'"JV_U"6E>3674R;I9DZ<P&4Y2T6N_1M;Y5F]FB0
MZTK*60^OWI"T##YQ.V.;1 5I 4B5^]0&8S6CW(PGMCNEM$N]7U:?IO--''OA
MM>MLT9/?7[E^<.\&_Z3PTK[[[,!\!ZF\8*#MLJ*5,=M=PO Q=+SX43"CV;L(
M_8V?*6$MQ"FV*$]L/F%P?LY:[<[_RIRQ_NQ$FA"8BC/9HVT" L';7T96?Y13
M&-4US:)?E\:LF&@%VN0%6G5-N^C7G1WVQE>59>=^!RQ5US1X?MT)@GF_<G[
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M'*'R/$IA,,)!$\">DH'E]]%2<1WL'X,&'^I,YMT/PK[P^VUK;#FF*$5%C1"
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M73RUZ)W<4ZO6WA< 8<IG'>DR$B419K=0/7I,6D/]8*KJN:ZJ30-#]7H4JE\
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M2I_$@E L()'Y7DV9DA0:??>!&&(9<XKKYYM6M(XV] ;9E]'7W4:M1AX?XT#
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MCME9HF5S_[%Q(Z]<_2L>*5]L1K>6RE^QH5]RQK>N^MTP]QG<YP2Z0E#K7E<
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M%'">%G9EE8=@"9%CT0:,Z+(RK0WK'7AVH8E\=#1IIH%FG'@SOJ2Q)]/O!&3
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M"AO10<!D08G:5(N"8& Q!!>192U;E^;> :?![0O;'GU0>R,OO$3C%:1HZ)U
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MV,*(WEB95W7]+Q=7#A_2T;4C((W:P)Y"3(UZQZY 8+[=A5HAN&I]'5V.G,D
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M\2#J2:14DG%&B["#_FX\N _FH:GZCA/=CFFBU<_K'S',\!]_^?]02P,$%
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MA[3E2$/^FTO(58F^/*1K?$IY\!)UE7L+^+&R=I%.XQ3>$LG;578A6>>#4*R
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M0V96ADJ,;R7SR6IFN><:445\. OU!8R*@/Z$1K6M>M885=,:TV=0ORD4R]X
M5^@3E]'4:4VV1AZ1 M8Z7PM1IGK_4?@+^E7WL/Y,IK6[DM985^-4]AT2OL4O
MZY @0IY0#%3P7NL26':*9%0IL(.TF8&2SB9$GIUH;$Z=P9V\_?2CAC4&LW?Z
M>B/2ZM=-OX_/[Y \G)4OLW'Z8X[\ZV3X[=M\K#5'77?2[',@QZ\DY@L(YJ-U
M #$+[EMWY^X)^?4:5P\J6V-RC0MUU^'_.H$\''U[#]?3 ;E^J+R@>,*DNH\F
MRSQA9BH7PLJ#U;I?AI=G /X$YK2K.M883^-:W75HZ?>FF*[J->$=X&+ Z0"6
MMG@6DTR+:9<Q1L$B0!#%D?'WS#*Q!=B?P*A:J&F-@>W%X?^ M/@33&I)V6?,
M>#$O2EH6L'S&*M(ZR6=QHS0@GR^"B)F%5%L?JNM'889D] ^S*>C()7R05E\_
M,F>WUY^LL1Q*Y&O,I&EJ_ ,,)_\!YU<X*%P)I<&0 ,B'TR XB\J%6G,L).<*
MG6I=&[(6R,F:1#OQKB$9VSM[O=FMA\GDFJQS<;=\5KY^QU_^S]6"+>5R/)KW
M.%)8.*=5]06KHR_H5Y5&F9N0$L\A2]VZOGL/N"=O0(=2U1HS.QC10>V0ATB&
M[S.!2\K7XU(RD%K3MAAMUDZ4Q/NFLWD"WBLSHW:J6&,V>Z>K[Y5;WE+ ?8)A
M_G6T++]\<-S^YW#V_38E\0%KJ@L'B80B>!9,ET@"0^E8#"4S4PP/ 23R[!O;
M5"OL)V]P+Z+$-=:X5RWUGAD*,= HR+F3FH&N/7ZBD@@Y[>OXMN*MX24\C-4Z
M-&)OC^-DK>G@2EAC00URV9/A#Z@!XH?A7YCO45D:!S+$6O K:O6>!\N"4I%%
M'XP'#$IBZ\N0)^"<K)VT%O4:,]@[0_UI,DZ(>?J!A/"O><Y@-<7Z$US7MN"!
M!&5D9;5,E5).T^[&:K* )5N<-\5JBA4;&\.SH$[>)-J*?8UA[)U'?I/2!.==
MG MND8'0.0&XQ(2E_VAC*J, 9)9!V 3:EN!;V\%##">O]KV$ND;+>XU2W7B$
M_8XP)7N\Y:X?*!T=UZG0(IUDNB8)?(BZ#H(LDB>40NSE,3QZX\EJND?!KM'_
MW@7/7^ <YTUC$=(?=TJS_SF<TC\<INH.3REFEQ:-5ZGRB-9++5U9(8IC3L84
MK'"H=&NZIF[(3M9.>E3 &CO9;Q3K;/0,*RED"";IQ,AM1?)D>")TEGXLBF)S
M148NNC1</_NBD]5V>S&NF0:P=P+V;@7./5_$FF2D%K0W(9+U90IT@Z]#ZD*H
MX^NDE=BZDG,3EI,U@:9"7J/]93C]?__]@6 (]1_S/YC_?EWX9RS_J_[OOS[_
M>B.D/__\\V\_8'A.UCF>S*9_2^.+O\^%=(>T8_H1)I-Y&/,>9_1WI_?13(<7
ME^?/S>=]\G%_O\5Y'__RF??4V@ Q_C7#4<;\O_<\0Q\;B(HY"A$*2[I>LTJ'
M+,8L64E*NB \:M^:RNHQBKU]@_0=\]4YGI4UW"[3M]=W?OHZMV#:HNC+X/60
MRKR24U,8BX9\6TV_MD5[T;QW>UN,#;</.#_?:M/8QB8>>0E]JF+=(+G_59>=
M9_]7.A]/,?\__YM\6;S]S3&=8W_-?CF?KY"^?/QV\>A6:X_OZ,&-T?3-7\/I
M0&LM :U@TKM81^,)%G@=;<USC!:,B:YU*=R3@!I:TG<2T"1=13I AO2ZFF=^
MPK)Z-86'=M=,)3U,*WR :3GCM0NH :D+KLYGC>UE+:"6#LO*.M@#_$_L/_LK
M;MR7U ]G$L%Q;G)A(M2K0U4B\X2*614EISTY"M?Z%O> IK!X]/%8PA;"[L$"
MZ@"=\6A^W[*<U<P3=YE>2]YYY;\I6"=L2\%*1@BT3FY4Z\N,1R .'[4T4,ZX
MI60;SC*>3F:#%9O W(@M]REH81D$1^&858:!LX45RT&HY,%BIYXP>O =[=)/
MMYI]^,Y7??KO)>"&TVO3$L/@S?GY$L\0ITM3[H*IPSD_Q?2W;^,??U^]:V$
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M23;>LL@%9S9Q((SHL;2FX'@A0WG&57@9.]E&_(T=AR_X T=?+NNTFNGG17G
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M6+Y!&F$3G2M%<5H1ADSBH[/=)L]E-)BT:DWJ]#I8OK<RA:U8OK=1R<$HG;N
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M(_!Q"VGUT"*Z\>1[>_V5'C&W6Z6A."/H3#7:4<3*"T$,R(34,9ADT#=O&^X
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MR,K6&V;D'APFC+IUVONPQO!,CN*0MK"-K/OH#UD.Q:I7<9/KY2F5E#>FL@2
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MZ!W3,5"([&K[8(Y)T/*#-JW'[CP)Z.1-H9VX6TZLK;[7N^]U?-UP] &&D_^
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M\=/C.J9[=&S1%MTYQRZ(3$6OV=Z1[6UR13ZV;./P2E56P>>6+5, NK,>SP/
MIW3N%+-PN^ATLR(_'33RHB#E6)T Z1QKHZT&C)$/'B]4ECKJ@-U[I2?2Y1MP
M>SCY:_"Z4X<37T9/%]DD72)K4WWELR-F@H29E0LZ1Z,,ZA#/+'#X4H/G =33
M./1K>/J3P?.'_[FZW'S\:;'>K*ZV%^B_;'ZCU=O?<+%W05X$;Z04@?4LA1II
M9(0@=8447,'JM9>N]\RNN71[N9">$@1?@ST\%;!O@_[;A-;FY*VN'._+UJFG
MVSN1$X)5+X'_@.H9[=E':?IM(4P/D*^713QZVMR'W]\O/Q*]H=4?EYGV&^'G
MY>*/K0Y;?==;#3[_\^^7Z\W/R\V_:'/;R'!1*$J*SK<Q37RXE5PA"!*0/6NL
MJL)8>E-L3Z;,DP?W>;AYSX/+\>,2AVCV%O_\CA;LMLUNM.3NHH9SW/8&?[U*
M+X3+.44I09G *]'+ IP^%$X6G!'9R6!%[^OH;L*_#(!V=^,>0/9Y CPDF?WA
MS]\O5SMRJEW$5&U1:#E8<D%Q]EI* '2BF9<\6U,D39-<%/<0_LD#\C1NW -(
M-2.KVV.%[RUDV?[B;\M"[SM3OQWV\0GYX3I8HQ>)W*&QZ>U:$*:Z9 /#+L@*
MQE&%&+W@8#,5EYT-R<Y>J_RHU.=#4A<IU%1#@IPLASDI9F"#$?A"1@=M(I7N
M;]5/CJ1N7I1.1VHWQMGG16HG8JPN8("0E6HLZWSBD4)0WO-ADRM2ES'#SXC4
M;I2O]Y+:C;'YA%QH0\1X?J1VHXQ_#RG:(9:;T)&E^A*P2-[YM -C6::@:P;+
M"0RJ6+65/=BUSH/4KH?_QABL-ZG=%QQ?RI1&\94A1Q0LB"B0?*B-K"/X1MX6
MRZ">G*?!BS;*[/?RHHVQ66]2NR_8]4AI]-(I$$I9,-4&2*@]!%4%F5JB=8.R
M[:?!2'BP\PZVV3E56W^Z?G^U7E]]N"G?VO'Q_&/YGO^9]Y>;CZ]Q0Q<ZZFA#
M07 I\P:52H6D(H(5WL:@8Q33U(E,J]89=F%-G!R<&53.J2GF(17_<OG'9:%%
MV2KH33!*&00^EWG3X),; D4)ULG@)95@?.]Y.),K]6TEG!0F4YT*A]S</J3@
M6UI]D!?):Q5:6X8JBH,5(1Q@H 2DE8UDC+?N;"I=']7F92+_], XI\Z=?9J]
MOES_^\<5T4^+#:UHO6EK^CIFOTC.Y9*C@I04-:[+#"'IUI^,SI+T7J:SCH8>
MT.UE+H=S \TY-?4,UG.7$UT(&RP*Y8!DTU.VYB6C$I2:D;-87[U73VYQ['3[
MMCC. 32G'?EU<^>^O.?._<VKU^M7><.1X.;C1$_#8SX]P\/PP9:8;K:8$<DD
M(PPX_A48$S0@"8*,$A,GHM[I00] HVB!SGBV6/4A1I4A1<^K2^3::#@]1&-4
M$*%65[IGK$_NV?8X%$TX6VR$\T[]#'NC_9>T9DEIVUXQ0'KD$\APY)-";G?=
MV2KIK$NU=P77<R/0'(.!!PDTQ_CBJ1 0#M'I&X'F* +-43"9@XGP$!\_%?RJ
MA$9EV;KAV[Q;DSTD;1#0RZR5]=H,>^I^EK@=1:!Y=K =X]J3$&CFH$2M6H,U
M&L'$I"$H%\"GE%WDI"R6[MGZ"R'0'.7[T02:8QS7F4#SV/Y?-M4;7*U_N=JL
M-[@HEXMW.[:%"^VT<,JQG2BY-MI/ T?@!5*Q@0R6I$-Z)'&>4KZSJ.8_)"DY
M&Z?-#<0F\9UN<Q0</B.+:X7-O&XH01#>@M/%Q"HH9C%DQ-\!GW[>\#G2U)V'
M=@T2]TYKM@^D9 V!LZIFFMIF6$@E01:?HA!2(^I>R#C#]OE)D7&$J3O/=QPD
M[H_+5:7+SR6N6ND066+R>MN^E"%H@2"<Q1J*Q727:/QP<'SU]>>/C^,,WO&Y
M;+#$G]J$'Z?SJV2M(4S@J='Z)SXAHY82M"W:&X-2EVX;RW"QGC^H)G)11T*Z
M T_6Q_6Q,J#7+C.*VM%;&Y6"#0*T\C9764118IHHYQON)G561W*Y P_OQ_5)
M"4D:%:$(W1+?Z@#1.DC\P\5:!/]OFD#J&_@F=59'<KC#(X/'58J\;+QJ%<A&
M:#"J6,"6H&(J6M0@JB(Y6:SV#8)3NZPC!]P4H83500:JG/5J7E6&0NOJ<A9D
M#L&3=CZK;IG"V&CO+.@3]@U_F;ABYAA13DBM,-I2TU74Y%(MYIQ!>$)&=>M5
ME!PE&PPZ*I4=A\DOJ*+&JE Q2=V8*CED2SFVR2\).( SL28.VFKOF:#/H:)F
M#(JFJZ@9X[SSK*@)WE8TT8-*[7)$\VD3,4@0@H)(*EME>H^]>V85-:,P\&!%
MS1A?/)6*A"$Z?:NH&551,PHF<Y0F'.+CIX+?ZJO*AM72H34B^:0A%A$ LZ*<
ML"*G&2\6MZ,J:LX.MF-<V_E1\9&IE:*Z%$Q&T%)Q3IU3@1"DX1\BY&*M=^0&
M)'XO8G#H*"\.'QPZQ@5SUR+L$_U3_GY32R%2]M8;,-9+,+5D0*,4D/-%849+
M90B$>LAR%M=4A^0+)W'&.8!I>^GSV0MJ444F&0,X7=MB< 2!^(<N&$O1VFC3
MY1I^@"PO#TS'.*/SL74SRFB?F+O7@K]<K3X-#[T@HYW5#D'*XMLX#L7;)TGP
M'G/*0EF;AQ1(C?OJDP;(A :>N_AEGPI?UV9002U">Q[WR-NC<PZ2J7R89VNE
MB<'Y%*?:6<ZS.&;6O>4XA\Q=+#/DJ,7&DI6C *F+:<]1$4*MK5%9**==M []
M2>*>.6WQ^-.2L$;;F@40)<6'2(M(T%K02O )XH)6=]/:"<ST-!XX3Q,Y]G7A
MW+4>.]4>#F0&%!0XF8QMM9W61##)*T"''$#;K&N45BK9$:1'2OL2L#JG0^>N
M$+D_Y!JNGPHUF$@&M W$>5[DT-SSKSQII!!09SU9GO04RY=FW5JG=.;<A22#
M8KD!1PAIY1 +J"#9ZEES_F"KAXI47*I"8,BS1=_?(#NW2SM.!9PCX'&B1E.,
M!-&*JDTL!6(E 3;*Z"B*;)PZEYCUGO*HZ]]N/QHIWG_^Q_\#4$L#!!0    (
M #*!.EF0UK.$==T  .1& 0 3    ;71N+3(P,C0P-S,Q7V<Q+FIP9^Q[!W14
MU=;_($@)1A1%%(2$4 (,X4XO(1"G]]X'(4[OO=X!,E:0+C6T$&D"TJ2$+D$!
M*8&$$EH \Q220!#0#(@#D\S_#/ L[_G*M]Y:WW]]:[V[N#.9>_?99^]]]O[M
MO<^]I"^E_X)XB<OD,!$=P#&BPP@$(GT7\2+%Z-&;$$9$YDA_A^ RHC8S B$0
M((:#"UT1'3OT03P/_NH 3DR'OK_^7=AA**+CD[^?>S(4D>&7N?/7[_0=Q BQ
MU1/T!*P>;RYV) I!HG($'>\\(7[I&56'OWZGOX,XUF#06PA![L!(74:FD0:/
M"XKJO!!Z) I"%!5'O3J#PQ3,U9LL-O?HO'O[JO)R;<;1>2J\ "7PTDQ6&SOF
M-\EB0KDAYC"0C7G%8[*SBJ*%49?790KJ<J,NISM0&!V=]X1[(?@[<QG*RWU"
M$G2,SGMBBERU0)Q+\_A-N;B1Z (#"DO(Q1%&8HA$%!DS(I?IM^4R3?I<##87
M@T(1<]&X0C2Q$$7*?7;D@3F[%?F-YD(IG?EL2O!K=-XSY2*1R,@(=J3';X'0
M9#(90F$@#*8 4!0$8'=0%RUP!P8^X?&4"=T4,/AMWJ#-X\[-_-;I/:'@Z+R\
M9YR-AE\9>T-^YQ.V1@-D<II<)G<P "R'AIYRZU9D-!2:/7Z7+CC&YM)93)#=
M:[(40;]=_94J: LZ34]_/A6"XGQV]]EOIRTS?:%3Y[:,SHL6&$UF7<@9S!LC
M]MO<P2+H*<E?&4!_X/!DPM\F>'KW=TK^VYH#O_A5]3]UF-\1LC@NRS\GMD V
ME^572X&KA32_21?T^.4>CW,,Q^D,!8+^S.\BZ&]O_LT0$QV<8S H-*H A2]
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MH8@BECOEV5E,%<ND@WANEQ[&:B-8)=;G]G.%7(+,S^3S%6R;RF>2J",1'ZA
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MA=&A/&$?S!+:M%PJV>T,AM$1'FR6!ZD!/B3U"X4&E$NDPULD49*>K.'[=+:
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MW?IERT);F%G7,H7*_7X6V+5.4]]PF;^+$#F]YLB:KR<MSEM 6]5#G^DG:K
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M*J':2%-94_\MR37-F^(U>P_M6O_Y56)=P>OG7<[3"W;MXKK89]\]MWY#O^-
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M+GO4W+2K*7]NO&!B9<[ZS?!US?8S.YH&SOWFH7^C6;7B5?;\LL"X^:]D.F.
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MG6/XHH+2BR[QI;:*Q!<#O+FRC#,6(>*C&_=FAZ3)QWH$5(:>XOGBR_B*-*$
MG_#[F]-4F1BL)@(S,5$D=&K4*1(;SU0L5$=B16R4S[7LT'TS_VK2W"@I/EAM
MN$AF[>,P$*_W^XK^T5!,)_N[-C'L:=0(OY++"R%/_+HRNT=X^&ZO-G,J_V*T
M[MRY/2^_ MOAA@WGCS*3''I YB?/DY5OJ;=5!*6:CWP:EN3TO,ZF4/[<JM'M
M&NW,&V\;=$2CJ%'XX')(8D*"6EZ>I&!N;M)M'A]K(N3VZ6:A0N&6[0=V",V
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M($B2E^F,4B0?C\?M5QFV>!I^\,>9;09,C.AR*/T[5?? 6-4).A2G&$3QM<Z
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MX1!1"HZHZ=>AG3J9A?.9<]J8XVYY?;B1<\?LWJ*;.8;W^+C3>K<: )C]P47
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M*@JTE [);"RYF;4=)[SO4/DSO3@6L+%SBS@<.D"/Q<[:TM*7JE.8F#@@](P
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MC> 1QZ:=BMB"S)O!)Q1X:F%]'':ID$+/TO7)TV!.W)1[T3&KW7BQ^LXG.=<
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M85I_BN:6O0AQC358>E@9^#2NJ5[6".))_DMUG*(_WXWZCH[!?[T2@(?ZXNO
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MFR8^CJ40T#?MW7JOOF6JA4R^XY[XNE'MK*;QKMLG8RRFP2.\X D]XOK&@2M
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M?&TS=9GRM<=18922-_>P!2 =#$L!)\2>@I*4YIY(*E<"0T$9%O+U;1O=04G
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M2HN;#39>BVHX%R(A:^.T3%1\FZN:Z>7F#D"IO^_?]H.\ <_>!+$%E 'P/6$
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MR/2.Y!EA1:AEK\6HTOV2"Y1XZQM=RN5936+LL0G!POQ<@?2(+ /;[2.K-[_
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M-1=*7L(5UBSA[E4N?@+_E=S'=0?T"'/='\%Z7'>(X]Q"LN?8Y0@_J>UAUM?
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MO/AS[*^XFELXDE_L/IA7=='D"I LLC#\@*0)P =3FL7+1MEL]B7W2PJI\I-
M\(\SAW5)Y5GQ94D2P?G,ZF\^L@DF%S><5GZEY?A3K0X,T@ $%'K2Q'&: )#8
M@)Z,N@+$GLZ_0\"N)OWS<IN7Y56J>[(=SFPW*N;9Y,N#G>8<SK(2N@D,!,"
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MP.:PNLLFM+DDV32G4?<]/EP;"ORT]\J1?%%%?D7X>1YO8O;:;>-]F!>\BWY
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MU&B5:MV_/&RPL#X#-3VZW6R3G1+.-FSXX]INK8'U3&F,C#<-^\1_4@$W.7;
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M,S]9!*])!TGZ*]C-BR U\LI@6Q+9Q(Q#F6Z<09;E-H>D:X07I=LH!CEL@U1
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M/RADV72YU3*Z(D6$MB)HE'HBV8T<S5X>&<>.QF]9C32YTO23!Y0;C >B*$8
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MJ$./"ZT6:6-;^P/R'2NW.DLO \39Q)<QZ$:H[:NXABJ%8HYL-*W^BUW)QCE
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M>UX)+F[Z?#HFSGONX58+.OWEU;6R\1 %S=&(<FR*5D5(,6?#C"OYM&4)_ST
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M=R'(X",W$SF>!+2KX&83@C3,#;SDZCB&':X:MTD?B0:JFQ@1F$P>)55"G<8
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MH"CZ?E!(+<(#]"U5])Q4)>YM,_*74-)V" ,09>HG\!11?"P+2I%8%P@G[C=
M??-KX/R>'])Q7F/^Z)60&-'<Y:8Y.P*3_^<HB =>A5[349SS52-<BVS3UY.*
MD@=R&FB)D) 'E*F(BIJH@309H03#D!J(!*$>0C<W+TXRTK ]MV5*0IZ'9<@B
M'[ )G6X!VZB>P37I<0&^8>I[55AN>_"=XNBBST5%,3WY/=W]O=3SJ65VE&/1
MW9Q\/ON1@R+BNFK*+$(QO0[$VS_4A+%A-;L,$W$2]GPM-T\O9X0O2R=32>]V
MC_STH+V]B__[4NBZ>D9J.&UHDL<KL&ALV41LT3AI!MF/2;WW772!J)'?T^<A
M"AH>*;N(><C?HD^<SR%)*GS!GNZ^4:4+3*\)$GX4>IXYG)&#^#*"4OB_568F
MX?VW%J%U]RX2TQWA%5O91>C/90QE A_(-$[*!,2+8CU\_!]E^WV[/#O((__6
M_(?]$(OA]$ Q16=_6; (Z8_45Z98N+EB'AFY[T:%YK#WH;P"VRX*>5$ES$#&
M6F2 1" 0C?GW@VCF03E.H%#:V^QA0Q:<P#=??$/$1 U9X)<25 *%V_O>'@Z7
M/4^3%3-I$S^!+Q$E WUB,3"PCW*$U) V)":M M)" J;.)SB!KV-(B&E_MW,7
MX)T(/<-6? 3)?/*9W6_GCTSI3V18#^.F%TU ^4!H(K(*>M@#]VF9GA<R/D1?
MC=GYPU;CP--OJI 3Y7;3I+/00K:6R[P'NF6WI!#.>,IQ)*H<HVDYH13!+OS@
M%W'@&P\+J/R09+]$V,/?T9<+-"$#U-&0Q,:P_"?=6B]&1!=>9LJ4FZ]C?C+A
MIJ\1?9U!1?+2N^?A7<5O&2I8WUOB<]ZH+,K@L:03H<;&XE+R]^:U![1WO2%]
M]I^-_Q5]FB@[]>T:QD-F"I+XKA],$GI(/%SUS_&H"J6 -0D?0 MUO=IJ'E<9
M+D7F]&[/H)"1$:=L[<<@NP]4SE=O][T IUB*E3,Q[8A%)._Z&_'"HQ,)_OG.
M[$(Y2PMX1*WR!;_)ZH=0NHMH"3ASWL5>@H<-M(S><D 2:4LL2!,?'N=-J3R5
M8,Z@O2N-N@R4XC P(1^@\"QC2 UA6LN&,/M6[[0_B/6/5J$1FR\W'=X+X8'Y
MI20+#/A#;XZA.>RB%,BM4^2CE^WC;\,>_NSZ5Q5T+VA &YCPX#ROS@2W,*?I
M^T:HH3:5M!EK8QS/W[N@]*(4T5K]AE;6WV3$DDS_0>WGR_YZ[\?IOV)$+VX!
M&W>)/@E 2B,_8-@"JSLPKVBHP*B1,,B0?#!JJ.,6,#QMD]I+BC,ZAR8R86+X
M1EV44811TG.IA[6$F'$!]:B#!C=7Z@';">^?75Q)ENT%25L"Z2HG#A]/LR%
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M/%[8!G0%'"VR]FHQ(LK4)G[#' L_0TB/4V.+!(F</OT+*76ZP)J26U?AP]+
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M[L=3-T;5G=6!%UNA)19,;Q3RW/8$L"ST.X9*:"O'2N33IR#"Q12>&FC]J*%
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M#0/Q%A2K^\Y((!B)?:>,"L\W#NPO%CF_!U*!T:4HO104)&V?2M))TN'*H$O
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MCM/!=[',=8"&<KT6PUB;KNHD;)QB,OI5R^\8:G_VS_>]]MG3\S-;;/^'LZ^
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MSLO\*F(A)V!J4,*M']>XC#C3_\3__TAAUU&58,2+*O;V"0OM4U!_=C'D.<'
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M9%>?DH2U5EQC-T-P6<@:9]!#%(A)E$T81$P>$&@:+O-5W-=0"+-TH49:,_/
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M%-[20D:6HVB$-SST#T":?$AB2CQ>0,4@L;L4HJ::UG.CX_\,;"QWW9LZNQ*
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MZVW*^I2^2OC0[-A.,'&*. ^G0AKUI@M(2IN>09XJN)9/'^I<BE6;M=YXTQ^
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M-%IS*F;?N33A<YWV+PF>.DTGLGD?GE/@,7Z-E0D(>T0B])@[^X..AMFXC'G
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M:)'"8Z/HPDW3"GS+$V4SV!O]G8V+WSG(:Q.R@Y=\WG-EF$UTW6'/RZH>665
M\2XQ..B.-/2+ T8(+Z+L+.43XF[NQ>F_'R3[3EA9$3]B39KG-V7?HM'$B_DC
M?(@XPS?&"U[6Y%1W]4JJMA],">9B.P"3_0WMKTXWI1PGH'AQ2U<#W<5^(FUA
M0P>Q3GA?8 LL^_TDOE%X73[Q2C*$:A*26_W*WYV1VUZ2+=MA'JNW.4P4SUN5
M"Y>V,4HH,.KJ<!?%98K3V0@^>/1+B;S94^,*VQ<:5Z/ DU?Y,XC)4IQ@.(?2
MJ]#%U.\ZKWEW!H=%'MT%TC;K6W>'<87\L!4WB9U@B1R);:]F[/',_)P?6DRT
M]6"-P<OT4#J04\%!+%FW^[62^; J@?%Q8H%AEHFY1O\4P=_IMR$@F<U?N$6U
MI+>G=0:;$/@+$6G+*B;&SF,-@_'=;Z4;2/JF1B(E?^#9T*M*WMN35%;+*G_
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MX?#Q9-\WN.=_4 D&*<X(Z@;[^:P+&]7[,G;/#GP(9QZH;H4WC'B_'=D$Q<?
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M>6S0Q7>:Y:*TRCI4CPXQ+S$HX9)1)=E6OA#]]!2P[F%>\!*<L@8>/:'U:>[
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M-1'$5#T3!;0&CO$MRM?"LY*/JI[B UCBBS3K24&I_0O;],F_]!8</'_#/W&
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M6[5QYLOQXR%S%1 IYXHL#W+-*B&+TXBHHOCK-_=>U*Y 20>T70R.'JK:0K/
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MU/!# !-8\>#,V[.1QDW]XAH'MW (GH>>N!9U'\))80A.-Z_-9C\'?>S;[=&
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MFAF;O6>.0@E7XC+BIOKR.DY\#Z05M;G"Z3>7QQ=I\O[W <5Q2B$'NQMN@=G
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MJQ$%!^;L%6*@^N!24POJ1W"1!,/>I08E-G+#YLZ#'[3'+0& @CGM_(.,S8/
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MQ7HS;7;1Q&RM^0Y18UFMY"_V@C6M3.MS.H^VBU$R$)_^?\:N>1,' GU^L*I
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M7*)[,KXCX92QW-D%1!&]N:"AR.0 J?+ 3-UW"Y/WK0-7?:P!X1^U%6>IV,W
MIFW1^*F<C?:9&I6Z=4-_4ZBXMXVZSB3\#6)D]OH/8-Q)M]ONSJ8#A:???>\L
M^4_S8\.%-[V0<5 _8716$71"H/+56$R 9]V)S,>N*/?_KP1,%8V+J=CQZU:\
M3Q'6MI;1@_ JI5[M?";&^H,AA;^T\IG^0\8A0.(/(1^4LN\(Y9I[1<++85<>
M1Q8>M:]1M#B7VK4]4X9!CFBGH6:=OUAU24(3,@&H;JUEVM3[]P\F;:\9&)J4
M[%$9^R-OL\^J"SG]3FSU<&^,MS3K;=UD$_71C\=^\N RGSE;)56-NMYAU4%
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M62^JRQ/*T<L__+\XG[S;S$Z;J[W;RVMRP-I$85#LD(0#T+%9)]_:RS9MBO3
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MO+-_*F]G;&]J;GZCB&[\RR'H/5AOU0-MDIM^(=3J7;0 >]CKIR4_E],D;[]
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M'Z;(SM;-!L_WAS]YHY<:,4^)C3_.+&=^V_UAO-2(#O9WOT'_H["UL;[Z&(I
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MB0E5UHJ'9VX#?WK#&)-'K+N,JM.36%>S31"CE4L6V6)>V/()?TM:Q99?I2%
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M5&*<0LJUK1^-40%,H9;=(:'%1'W&'P7B$>0P&9483:X*4US7MZ1M=8=5_ 2
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M1-3P:E>!\=>2;L[-F+.;AEF(X\/T% Y-WA05+CT?F>4!K53"G# B_ ;NTN0
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MO"1XW-HQS0C,V1U+WRNI)804N38O?'6CFE?,E 4?_Q"!5KSM[U=ONM;CEXE
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MB$G_\?ZB]2(@+K6MQ>7_:BP6/Z7Z<3WYK]4V1!C]XJL..#?<6H@G(G1:@VF
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M%/IJ[AXO!:@]YJ0B>^L9LNPF)3[J&4!Y.4N&6QD\ZK]P>5C9</N[NMO8DXY
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M_5?IGN654]&SO*_N[E<,5U-GK:W7"?]K)\; ]GXEG0G>;;-=]_P+].9KR+]
M9]W_ @6N_PO4>?8O$.;J7Z#3ZW^!KM[\"_3_RL2F=]'//X><X1]XM,^50I!,
M?FAH@893D.-OCYGK^.>[GS;R/&]V/_^09LV\L_Z\:TGF@X96IW8DDXZ1#OV>
M11A]65S%>G8I)6"W6]/)?#03\&.J7Z+-AI@F)FA%A<2-P@3XTI.)D'YIWKIC
M$P3:G?/"Y<SO=W->(.WEP_WZ^PD&QQ?9NM+:O,MLJ-^RT:N,B\-O!\&E;OX=
M0__IS:VJ>:O;@O5G;S\"L*6%2(RRCZY@J!A$_ETB2OK1%XP<&B%DY=RVPOQ4
MM:84'X_1PDZ5, %V)T=W<5N_PZ?9[++V_F5UR4:R4<X:Z(F-3R,GW>75\I9U
M.[*]G7B,%''B0LZ@6Q/NK5%H42?:A!'I]O+<6+4*R-WM)SX&EXQAF4RHI?2R
M6/Y6/.G9VT7?*2-M.R2"#7N30!3/"BB?A)YS>KTY0!W_>G=Y<5 DYYJ/[<.@
MA*WH@Z'7@Y^X1F9VT<BV(-7JNPD,G^#++W3<XOQ*G&?!/XW]Z\W?8<"?&MU?
MQB*^VC$(?V$N@!U$!-_3PQ(V"&1W?H6^,DT[>/1KZU7YNSEOQ8T^S8CM$\2*
MIC?9S(^.OLT$&)$7PQH)[H#?7]HGN,'6&D(?]VW8Q1J'CJ6R12EA</&R+D&&
MT0&#V^>"C1>PKGO M6[D&XMRO9SV@R#[T><208U6[GM)=(J6O_'_NX@>K?0E
MF?60OFH]MPN( '%7JE7M4^+I>E-U::=9O]'Q'B<;4VAQ]Y)O,I!X:NCO>73
M3WAZ;/= 4?,B:.,8,7KN=^O( \_(%E-G$*Y-3\MH;?+G-<3:!9Q\JK:5G[%S
M$>#O#S!#7I 7@UM,M8_-( -E_/C%$*$Y"F2>KW\XH$RV-!M+TR*4T*ZVY:'#
M9L:5%)'J_1"BT,##[O]U%=F&!!VVQ1V#1D5Z8W&Q98?EF@##?R@JUB@^Q!;5
M/H_X8?19)FB$\NMHXA#F9*FH$\6E:RB?7-+5X:_)IB"Z  ITC4'ZV7!$6)(%
M1_O#"#A[\!\\078$D[A 0B;[-\[0A2^%KLWF46TI5?&4LD8F.&N+\J4*>I@Q
M\TTW%*_B.O+38U?K-PM;V+L[R:^>>D@JY^I0\'"6$?L\H;MZCGN<DQ)5XYB<
MB9O$E0>!;NE7FY&^(*NO@XDN[!Y))3N8'R"7V?PM> 9"W?U= P-C\>JM#=W$
MB%OG2S_7B/<^B+T'I.Z![["B>R#FBU2RG-7QXS-7C-GNYDL<1=.F*Y_Y#R36
M9"[63VZ&WMT#*;7UYR__%M9L1<.<AHX34!<GJ-T:L^4S,XD&?BQE'V'J*I E
MAKIZ=Y2"N]SY;FS8N2_<9[)7U(AVYL<&RL?1-U1FJHN L0C_,3*<$1E.^')&
MPTG-F35U>?38.E*=NZP1:&!,CM-!BN4SC8%3]72HC0>_@Q?S;6Q1*LJ</R-Z
M:>X:"5*+'C:<?OWGC?.^?BN*?)NY?=#\O_\@8#U?87>$'M_NV/WKUKLZ.WT^
M6)*0Z+E:5,V'@KQML62^6/U^O+YW#P1^%[ [B2<B1#% W1,<K&A V2[S@[_,
MO#W_>/XIW9PY[\9\EW+ZWWAYZZ XOJ[?MX'!W25 !B>X6X(,[A!<$]QG<$@@
M"1HDN)/@!'<=W-T)'H;!71."$^#^GN>]\MYC]]2]I^X?W7OM;Z_57=5=M?9G
M[5V[#]\V>J:;RY17\U%@?2.A"O1]IK6]%KIR4]B1Q^ES9I;A[Q>.:SO?.BE$
M-,BB5XKYC#?D@ZX-@@4)S?%T/S/7%R%'WY3++T=CG!MI+G *S@TF> )NBZ&_
M>C\];^#@6FEYAX".KYC:E'ESYQGJI7+-[P>5&\2%?^!=?P*P[W?^^1;')Z?S
MGRY2&\+Q!H0E*[D+7DA$FIN160UN;07@.K\\06[9#<[[4E0Y\]5,O%<,U3%Z
ML5\+"B%2H4S;>HL7$+;2((-2A6B/8_0C2.!CU,P2L. '!RV?_!^\Z6-XDLYZ
MF/?P+,>NK[/"'P/9P]%+Z!8AMOI/P>XQN5'A<F+6YO9&0W88'MN[:2Z.8% R
MK#(ZB.0"N72E<[L^.XUM"VVQJ0TV=/_P8I9&0_T(1$SC%6__;.W+F[8YX3$1
M4JC?3TEH>>K=#[<$&6CK"LX(WQ&X!]C:\+T.('H"TF"?R!V,S7O+5K0:Y!O=
M\=L"PTT_DU7$R 0J$?D$C):WNXVXG0ECT'W<XEXPGROT.FSY0*>FD**-[U[S
M^*:I7==N U&9,1RDL&6WOE*BAT]3Q1+&!:G6V#I<_^"[^7(Z5>3 WTG9_O4"
MTNMN='1R5%?+  V#>2HI[O,3P!4P@5YDZN1RH*:YN+!,V-!80@J=-]19@9_G
MJ_.-07\7K#&\#7-2*K$4W>R-BI&D6/ALQ=P>C/'\-N@3D]L9M,[,6<9T&DY'
M,V/*2>?"IQ1V))2*WMI"_@3D9/3N)'6V?%BRAU5P&IFJO)=Y_2S*7CN,JR(:
M7$J._!1TIP1U6MPS@]QU/VH.9,U'R1ZTN;V8YR/#=HDX(%:HT%#OMSJ]])FP
M6I9*YNIIC"C-)8*,&_*;H3J#B(5+2@:B_),)ZL;9FC%W!@\?MGC]O2MQZOW@
MMC-5#3K=X^FOAK:_BKRHR 7-86%R#6\/M3VV^AE=!RQJJ=&?W1T<6%9E=2G)
M!LVJ7XJ[5HX4]\7Y/GA=U)X^ 579J9)KE[,S/4C8B0,$R%)U<F#'EF:&=BKU
M(3&#: G1HC(^JD,.JLJR$R1RNYF=)FU&$IW/4^\2"M_JU/U*G\.B1A5*2"8:
MBO=IA2J90H.,BVQ>D'8;O']A]G'Y:N5DCLJ^!45FATC%]7@28\JY8IR29<79
M=9*#BM?- )UYU[Y45HDD+^*4(I$?C6&IH^D).'CC/D%(F4Q@D:;OGWLUT;3"
MN +?I#;",*#NP0AK/%U\?OX$!$.A+L?C^_50:,6(.#N:@)97MF[8"I+O=4)J
M:*J-Q8:\;;6*C@>0Z!BI"]Y^7W,]M4<B/@Y@AC^G??2^L5LZ\WV+O_QV!5$G
MV'PUU^#;GB\6*$];V_X(>0*V/Q9FM$$'EZ].)TXZBA5JH(VU<X?VS=3*S=1^
M,I_5ZIY]SS]#RB-QEMD8[S2S?SL,=(7]M?G[^AC^>'[&!2/Y=>,!Q6XF*@4;
M8^-D&<.1X&>O?RPD_*K>7GL4J[4;Z!CXWM+2VN58Q8WDZK*(7SC,"S<GY(B.
M9^ECZY:^?;Z5H=7B*L5B(8F0(6H-XC!' ?;?+22?&^GM>IW"RFI'['6SW:)X
ME,2,:-U$[H5;7,QL==UZ#S#C48TH^ *[.<L<9/Y)R-0PSF2.<V.9&$85(<O9
M0I;8]YFL8ZZ^NLR77W!EA,#$-%KO$@L@<?%+OJY/P,W$V956;Y>:^X7Q7U'[
MAX'J\T7X3=7C1,<Z;B?7/6\C/*,-?;L.#*Q86%%A[(^\28R\>?OG[/RLKPJY
M;(K@CLJ0Q,O(8"=/1H?_ZB\!R_-;%;6:B=V\[0_8N8\+=Y&BV-WX.',I6B4N
M@I!%)%I!2^*5@[?C+37/;OT__JI<>.Q[X]_F?Z_VT:=&GX('4#)4,#N2"#30
MIOHKWLE2L^)2L;JT8AIM:++42K!3&=Z<Y')Q0<>E_]4(M<PDA_A1^::IKQI^
MY@!/G$ 8\ A7#A1T. D),.B,!EM ;$ADO-WC D]/H9VL\(H// -M<;_N8:(4
MI^C-^!VOL2!@,P.&AD3&YL;ZF[2>3X*_7V)_[!,Y#MBJ]-*+2NVV]-A,O-/#
MTHRZ#$771CP!G3R[BWUJU2LGKI)^[/-E!K8@1V(%UO++R!.?M=NQ@&W82_;K
M9ZI0J]^T1N7X'-(-$+9XXJ]T0?^\G9FHU*IRIM*1E!X#W7$(>$,D@+ !#F5+
M_ *@JG\C8$Y4&4]4*3W^B'A74,(09&!C:RM ;8Y3ES"*)=;X>U#6UX"T7&EN
M3A:+DQ1$)_\50YU4FT $H8:ET)%QF0JQ@^+GG40P)Z'P2'P6 $W;AOS:L.#^
M[K:ZGVIPI$8ABE:*1Z-"*EAP,)J^_%?&&/5T!+^-50M"K1H/ZME/+V%[%M.8
M59</^TJ_3R+<T71$G!["$K+@*4Y-U?8;X:!X>+[O.S>D$\-7:*^.SPC6J?V:
M">N2>6""U[0<\&Q[<O!AMA]GW1R;_OS T]-)M[O-4Z2=2\[9KQ*O3$J6R^KJ
MDN8^;WSH2T">RVL"3\^KTBC54Z+-3<1XYOW;P+F-<]38?(E_ 8NH,06CCI$=
M7^SDMC)D@_\)L'_F'Y#EEGV.\/Q#)\W2^D!V9UKK*"7:8LKM.V+$]8._I"Q8
M%DU#'@4<Q$R+_W!_=;($%C6:+(?1"&6YR/8IAP@G4#6UK,"X39O>E<!/W,G-
MFI.Q^@-W!O1>L'R6CY::G-]V7@CD=9%(DUE5\<+4";LK#,RF\H'N!'*O'&:[
MFM+PS'EKS.ROQ'\:[YN>":_UO$BZ"A^).;2'>1-.*@N(LZB+92O'4V4JWS*>
MRJ 6) $$.II&'\</M;WRLJ-E$L6HK?H,B<!4)V^6I^MJZ&:P>F$4P9OE!%M
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M%/$\)GY:'(;IY7 @TQ_'WGP]/21>D>P:> (RTV#WWW]U%)YTUP6FM4(9+"(
M@0FB\LMO%$G@)^#WVI^<OJLU[[7E#G_8O:T%XK4#!JY[&?U/3,TZE".<Z$S'
M6CM)_2;KD:OHLMI)]";0#!K IJODP-N:Y#283U,#P])&ES] CY577K?RQZ[[
M(=)-YYQ$(TQ$(IC-TA-AY+@.Y8Z*>D^L J93I4H'13<">%K*!F!21(I3B#JN
MJ>="(',I'0M$#@\G1)P=G @IC9"T(M*+S"8FO3!LB1%!,W.:QLJ]FUDVU'JU
M>#C2_1'Q+&Y8O6S\EA%@Q7-B5!Y%8:J%/0&]A5GJ9/L.EJ/+>:%N,YY3.+!
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M(4%[(F9=$WI/&1!,T)SI"[PHFJ>*R>,T1!N5",'$KEMKE?FN.%W"\_H07>C
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M&6:4_%JH3%* )$^I]B 8Y^KI2_<?F"R:K#(WK8H4= 8?20K1^%6(C3\I VY
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MF&^'V'YH;]*5/"7[-<YSM#%SD$\*?GZH(L7Q8AK5XGB>HD8*N^%AM';7-X+
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MK]C?Y1,CUI:6G=ZJ5RW'O@_-^[91DKDL$,8<V[2Q#V6T37*WVBB@7I#Y<=1
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M-.)$0M8WMHVNQ3+Z$RZAI@I97">ZH)_-<CWMV$B!2+_V;_8;$[M_%N![6?F
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M#2RH6$'^-)AXT>=H#$,PGDI=O8,UA>YTX,V77M][:@3"F#^<OIJ13\B(3J6
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MZ9^EB'Z.T.5O4O3(D0//@HF)4NX_N)[=(D$B=,VGS\:NU.2]V],2V>A:20M
ML?GG_/>-]="0_<##2LMRXT\SRK+>3,$O5%G@JF-^%KP;ZV]YDK1I5XU.JMH1
MIUPM:<JT'Y78:3]R<J52QT4LA>9YU4!5< J4*2LAWK-2#[P?OV<^X4I14_"S
M,&T\O3]<F!,>[Q\J8!GU4G\TJLX41WEG3_=+2, KSBVJL):.? 99;YD^DSM
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M9.)!-P(_S2^U'#3H6<>7/@@AHT; <#$4HT:8\1:65AHV/Z]/?)E_)X\')$P
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M2M.'<V%49?7(MX@!+&6AS=^)6$X>+< 7H'>&.@NDPB_@,HR&SZ?TKH%QW!]
MLE9RH^C>NB/;Y?<G0<:N_G6@%=VW;,H\BB;PK+3)#!G3/[T5R4;_1\"-ZX^/
M_^IL*XLE^D!X/Y4GEIOC:QX+U"7# 2_YH.1* :^JWM5@6VM@OHDND$GN:&!
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MKA8>%/)\M5@B'H9)(L((MF9-DV5?@9O]R.7Z4B$U*;W"5&?1Q+'^M;-ZCA%
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MHX%U")7)?8M\T*!84(*(8VJH8DZZ1.=<!,G.#\*QWW*WBP]9/5?F/Y]=H_X
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M =KBS$DFHEN@I3@!3+;LO/.@?"_<M< %H9Z,<"$A 4 K^7OL.GAJ\5*,$2V
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M;7X!_EB*HGUYG#6!-;IQ=-?YY8,1URC-901O?][I:AW&N+"%5>L+R44>XC\
M?]%QZD!UJ<#(D<I?>BX9TE4R>M9)AWR&/W=6&O_Y@39NRA(M-TLJ&_WEKT@C
M?K00R^G?\> U%:,?9(?O^0OLU@F.144%V807A>?<(U,>&J:,FUAO6\(V,VH
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M&OG52*9*28-Y$ "R-+9]6Q/'PP%,CO4=.#<D'-KL6<Y^6A;;KK <<6*B*N#
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M%:&V5#0F;^007R80IM/U37:OE7B9L7?=M[4.V15[^B!P$AS>B$\">WHUL>_
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M":;XV$63__TO6-O](1GO5L:TQ/^GA#0D9O7EPD\7G5/T:S- *SMPA)>6FF0
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MARTFIM+!:Z6ST9Q$KIUR:,OX_&!,097 1'P\N]Z&_(O69F?%W-,,=>("<2T
M@E<ZBTOPAU""H#9Y4OJVMOGYF*EOP[E\+&VUZ/3?DTKYO.L/9\=IV7V+_X+E
M?\ N\Z:"A,<("7G3C<O16PJN@)]Q.S7O,K&M*K<512]A7L[BF([TJYWVK5)T
M+_67C8>2LF7H@RR"OU*9<Y_>]RR[.6@L6>*ZAW!VX$1A%O$./BIY73(:[5>%
M\2HYRR-48(Q$01@9U$,@HX.;66,G\VK&6Q@I6:I>=BL HT57!<8^>_9VGNK+
MF^?RUF*/F4J17YEA*AX#"POSE%7\;X;17U2&+Z_@9>RRH\$PPLH>%Z1"U_1N
M2TZIEFFK\ANLVQHUYV(()2Q=^7?;'<\$UL;WR,='<G0(2IG'IXU_S/ ->;^C
MG?@"=D'."TVR_\@]2 AD:G[8N$Z\(L^DTC7OPJ'E3@CB3/L*'$P*Y@YN;_-5
M9A8"AAKS+K_I#\9G[4US$=LH;<Q/LKO,2)M19>91.,46#+ZRTFPQDA9W]I'<
M2FQ_G.-9@+UM@A3=X;06*W+D>,R<E>WE]P[3VZB_:C&2>9O(Z\:Y^6BWQR^W
MX#Q4-8U&@QRWD2$W.W ^0EL.WP9.S!#_7*+097Z-.,!LH]^/?@2:.PG;ZVI+
MT75ARNPXR^;$@<Z;?ESU%YS9#)T,+F(NO<=2(O!@[^]:SNWBJF%HUSNA]KM/
M%/3^<7(ANK4SV+ET'OEW"Q^S"5K1_]VX_G)LK#MG34J6)N= 9+;)>6*/HH",
M9'>3]VMJ<5E.V&)M:O"N8$+5 64B7=AI5WM;!,/AZ<G9-BF"+I)F?PUAD?(#
M29E*7<0[PB0^[@RQM= BMA+W@7HV\)4S8L&R\0V7FY3P1:X3"?P.]AIA*1%F
M.0E$<^I]B04N?8+PLV$Z 5T:B-CL3F(.1E69WH3X"RP3"A+Y>^SF^[.'_C&:
MB86551<W)&Y)D!$O'*#BGA7WLKV5TV'97%8-X>GYW)R<52H<(D;B"AY\].HB
M8N%+S\\Y_B9-_$<%W?V2(%"2+==M?J1^VU@SF?NDKGNZ*7+6P3L( P AZ[6O
M_? D1Z'6)<Y6KRE.3DW8GE2A8$+E68[!;FP3$!LD+3@/&.(S80%9LL4^FAFL
M;IO7M\&59.LQ#R+T :MFK/P&.-T-WC$;H15]N0;0AP6IPK?"FYX$O-H1FWA@
M>>@*C;V1JT:D@;050%V.CO[7JI9:@VYUW[K>7F?Y6]V'*% >_ 9(_;N+0><V
M^^O7V&^ CK*,U[[?TL=G HWZ[05?"?"K8HMY/J4P,DIJ8'/WN#1UV,[IK]#&
MV*:8CY)[5W*/A:,! -B]]@T'+L96R7JF# GE65L9G#D"Z?J76M Z@]#GQ7BE
M2F_UZ_!5L='#-H\Q6MK65-Z! /K3;_2E@O@!0+20C_A8TDX(N^P^2MRW:*Q
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M.E8ZA8P#+'2W.>QSB:@V[4Q7?0OPV[BJ#0P=\->O@(GEQI/BPF*>O,=SF[W
ML<27S6<_'@"$LG>.PU2/038.-=N+^$!"&=JA6E!().7==:=DJ\N RB^< 8 4
MP5)VUWN$1T7SV;'RH/?ZLPIA($/@=CO%":/ZK&1,+V=Z7'C+J9<UJ;XK'VV3
MNX92!NV)L+(\ UB93BL["&2O+9 $Y%!.YEE.?'6^[!8@R6<*5.K52N>'@\DP
MYQ<L^]+H$/:&2;:YE8KOM 0\)@E[IS2:;"#,5LS%'H^EDD,GQEG"[&T5RR(<
M4UUC]V[CG"X3SH%(<:.-YR4K7R\5V:'X]<WR2Y(*I!Q;84&OR7'.JF4JL(R7
M<SH0!4E[DS:QQH>A>B0PI!5J<>N#^N=@.+_DU1TVZ :,[0M8FN%]^8R-M)Q3
MC=^]:TK&"IS]S""HY<Y*=2>W'W-6H4,[(E!25N)TY\R;Z6A977CR^5FB!!>2
MUL'-43/613RO0NJ+S=#[Y(/R^"+R83+'"Z:W.V8+F9P>^3#IK-RT/.5H@CE=
MM:E8WC<2![3OCY06D5^)D=!@V0+D>>'&[H3ZLK+E=ZJ8D#*OP_FY4=GZ74"'
M8BRHX,X$O:3#7>%R41'-(I=LD!LLRKL^: 8LCT%0MD2PS=$N?I96K&(LM@1S
M4%=U,EXL)E\N-72J&VN3M7%0O\M43*Z2I*+1A59ZYJ1:Q"H/Y#D6=%< ;4V"
MJ=SN>#6,2Z:.?8[B]'J4&"PIJA/>KPGBF>"F9*6[6<2-9NC1U%!_#?'MH<3N
M&SQIIYB5B]!>9X#^P)R*3579890HED*H$=:"*GZ<Q_D4>SL/8#$D*ME,L>K1
MRUX716S*G@(VL+@;E&.U8.H<;=MENANP>8V,#6UF1Z&$>D27X/.JY< _AR)L
MWNCMVOH)8]](PK520TQ5LX_@\YSQ!S!]8(RY'B7K8>[+,4TG2TRTS*Q\5@XE
M&ZP_XC\+ASGFF4Z;+07U$^K_PG* %[DE$N/C^/RTHBRE!'Y3GKSYBZ6/O!YJ
M-=^+:(4O=>;HL#X>YF$=3!&CF"N)[AU./=_9PG("B*RYQ3\D!OG!B20Z/1-;
MDY['Y;#E*:YRU)5* ZBR=T34#>= BM=0V3< '@.FQZ7+[)MT^&BK# E1\RAI
MN.^=FAHUM7L^ WA6M$7ONVA?!Q3?IO;W#18 [+06$09$V!B])QVRI*S9AG#3
M=XIHBV"*B$AT^A1F]_1+B^7*J;6DYN<;W_N+8B^QM[B8M)SLJ%OK1K(H"!GU
M3PJJ>FPAI;2 #5]\WR?T,6$;>8]*FG#4L@C$8;CM1PT^*'?#]%HHSY159=^W
M\C60+,%J,4B;$6EZH%IL<X)^3^CGE,8-=,6+#!'<\!'1HNT8QHOIRT>WU8\7
MS90]P/S#M3C&=K0NL&A)?E?N]R$$D.\8BE&="NF<)@3H2!'K'.T?=)76J?6(
MX?5%X')\G(QE@)8!1<]9AAH,E@_IQ&]9#X=*3&.T9"7@WKK_T#RV6Z[$@"P"
M)R#T_XCA'S9+HV]RW"S3[G8N?<3SEB-!=#M^N(A[(#B+)\Z/J5Z.AO$!@&3U
MS@64FD  ^LM9 .A!E@"^*&$VSJ1OW%3M&R!L74&,"@">!<=.;<EL9UA(8;)+
M#$_1&8+PZ^[GJT-R2&$^>7]Q>D-$A6J1KYZJ75GQRT/=>F*[C^*P&092]A/"
M*%B3L%\#7H131!O/\ )3"^8K;.I-3_&^ 0:M;\*<K'DSR J$?!R^%8"/>FX]
M66)> <,FLD0]=.3E:#L8!TILH/"2L\F')-1ZG+2 8E>O7#V4Y8^( -W@3.UB
M8XR];-PWLSP_8H:C+5W<I@YEZ<D9HG30RR2NEP0<9O+2:<?&=:^'<O S2K"Y
M$1"M2B[%U.G^)$P#H8$FX;T)UW4 H/Q$$?L(^C&IW=V%;)-28*;V<%<SNI.I
MR<9&8%B=BQ/?<\+-I*_4J'XSC?1+UME,_OH_JGH$D@IX5.]-X_\&3,5\##+S
MJC!=-MG,+Z/3Q<2*DH=VKA?\+<SKQ]E3<EGS/M\ 3=]G=9Y#7S.IU2UVQL'1
M,"['1B10_6@^3H)C <KY^1U_15B[R98D*YE<M(LA ,IK:9C-=:%8F25E?\&.
M,GCNL$$'/?.I3?:*,&IS/E$VOIBFKND,9X*5EY65>'_!<A\)[;57BS09$6)4
MT+MHD^*7SCT,X_+.B!=_BV$!TH=#9S</"H^T!#2%)Z<[1WS%N/P=1/PHDR\.
MC]$5V_G>4C'<.I:SC/%Z8-RLZ&5^OE<^Y\$I@3[/OICS)/6F?-@T8.Q=D*]B
M/LE*("VV^LLRD\=>+S$(&0%)#X&N/5(@(7*RK4MB9!\CU]*F9EIX94Y_VBZT
M\I>ZR5C;".NS(1ILT+Z+A:UG'//@?'7I,_ <K];FU1<2=D!:/HDOE[2M3O6>
M6L]'-20MNJ [H8U$NK.>>J?=@]X06=D146C_8' Y6E)^B<,4TI-P<_Q_0\CU
MY0[I5"E3,$JU//E1LRW:A<-4]I;@5)F79O\W>/__6N*::MK-HDTA"[0</?/!
MREQX.F]Y5LDIVE$$9WY*4]AY/7@3Q[:9)S%+9U,HU+06,K)"+"Q);RF0EPRM
MYLFF];%)9+RTUW>-9"IDR'(TN;@E"?F9CGAH17HN6#8? (GX?E"(E:P'-C6R
M6 ,Z\_J'D<)]\*>=Q,<B)J%&K1-E.HP7&D9MEK:L]EQP+;P]6GVE;F+6=A6B
M1&](P3.,9^C'1-KMWT10W/>YY_)5('?Z2K,W4;T*2!:'=)!%(//U3'2I ADS
MH85WN'_ABP,6,$W(=,3Z8RI56(_QR)'T/ GK7/"(6'[I#-T WE<0S9U?-\[1
MWKS8ZILW;]3-)!$J71/W4(9*<X::"G@ 5ASSEJ:UCSQ47M54C]-& ;C<NDYS
M\[:?MK[M?S;8WE<U@UQ K'(/>AV&.\ 'ZW',BF;YU:N6_>L*D05S!.(?<C?O
MR[)'S37&G/<C\JG8X=(BL*Z*0@-&^S5X%S^<\_ [11CAAD!_U>N]TO]"-R'Q
MS*J&G4(%^V$21L<6A.@3 -^/#>6<)1 5G7OS*^V'"E*,_6(M1&=$>8*@^>1R
MXV;)Z\6,5O-G%T#LY"%U+MW$-NB##=JAY3)4')L8KJ>*C"-&I/6C^.'H^_Y-
M,LRM4 WE&89Q, Y,H2O.KHO.!LUW; KY4U<<_:P97YT>2T>C$R%QQ7<4/9XT
M;'_(0)O9LKUMF<7E)1ISJJT=O$5HX0"@FK1M$+W^CLIPNS#S?EM6L.C_FB\L
M2U[.X$MR&/UE)2N?_[=\J_>5N>&AO[R6O<+IG9V;&%B6Q'B.:.L]D W%(+%P
M,T5L/HJ]H?V;ST?$@[KCP&A2Q/%HJ:A:V;9-%+@%>:OKK,R6%<Y)H*1*!:,Y
M@69N:WSG:E5FBFAC'*W'J")8Q=W;:C*.KWC6;V!BQ"93+EWG)-*H:S)I%[U[
MC%KS6$\-B9.GL/(4(I_,2C]J?F;\8OV_[VJA-&"7MQZ(-NJTB::XEX$E(9H6
M.8,[\U=@"/.,[,_KN<Z6=E9.5EP[5.=*\4GIOX_I7[H%A-&62:1]:6P/'"02
MI24EA>/0-.R6 +J<I'U(^S[&G!VKQVYJ>0(-%^DGV,B-F3+ _3@8K NJ>A>^
M;@1PM>/* T+'-Q^;]M_].UXAK:8%# A(NS%UIZ/*K)TSKJ_> \7<**:95QB'
MF#&I2KJ"M!;BE@S>36>C26(\S+&&AF+USHW:^SEA6YU0"+54IZD0_EI4,X0/
MBE>UH.?8V@$T><'\\$^L;K*+.A9IF9U?$M$J=*WN#%:LVFCR3DFE$ 1D-T^P
M&I)(C%@#[B1ELA3BJKM=@FCI^J)9M).'/QPJI>=D9DIK&_JE';%0*=V(4\EC
M7YL>TX+C$,:,64Y\WDH<'/3 )I:YS XEZ_)U)YKG";&"\(V.\FL=2D\%TGUC
MJ\8OUXVN3;TW\4H>7 ?.+J[GG-V@F(3,*CWY$RF(>H-=V(P"".)C[/F6)HSF
M?B-"P7^HH"](1=29;B8?(GRE*%-X9H=WTIX4(,J)W\H2UOY& 82T2!W(W?;"
MME.&'+5(]^&D<)XD,\/7+>,ALK+E6Z(YQP 1"<^=<A0W47SO\Q!T6S?94.YX
M7.S BQGG]-PNQ#%TIU]IK/U+^RZA;:)L1OL%T$M6GCI\:8FGR]?W**@EU?;7
M6!]#V]GQ)G7YB5Y5FUMN&[#2@),- 9M)&V0:N)5&VBU&L\Q-%^EYK\</YRZ;
MZ3!3;')]1QT,UD6C1X?\?34EN%;*WI%RDL2Z IMWQEUC<XJ_5;)Q(-J!.*I(
M/ZH3% 4%[6DCI=3)E.:GX+WSQO])LWU)P5J*Q&M1902HS^2B13@V;C5!@F0E
M[T5!\M;7T;9)>D"[WH)Y%W9$';V7$T,+P1*I7/H1GDC?2O6ZY6^.^(]5W+&0
MMT& A-;9(/A,+K^9P8L:8;7A3#")LFY28M,56J9WNM,88M).L7EB>%"<KU&B
MC7'7QYB9.)D4,VP'9/W.P/@H'#G@G9'"I/7 3/J;C>< LBBC&[/_U/WO*LE4
MV5PJ26L[!KLGMC]=M)G:;&K.G4[(K=LC$V/XZ@YO27X+H7[X!WGSTA\R^X:U
MK,7HIZ!-+V=9;4;U9<9R*<@8!RI?I+ &K,=R_T,HW#:5%G$+I?9> =>VE;ES
M,E=&0:T'42,=$)T@C);D08K?V<TNWV1YT%YJU\0%<Y";QSHU,GSU"L&8VW'^
M23RDY&3<3'XV!NU$YU,)Y_31!!5@<9L>3&F6M"V6MR"7*I?V1@8G%I&;G"VU
M6XY:':^#M,3*XK &$;5:4M$?G#M)<4OL&080<_IW=8!A,;8.I$RX@VUJ02&5
M[MZAG0V=ZNU>D11A4HM\\5L<RAZ]&#<(BQBV<84U3C'07'^US.SC]1AEEON.
MJEW= TD,,^=DDUK'VF@UF[?XS33]AE_=_.TV](HM.MM' SR*FUN%)U<4C;BO
M5I[!.F8TMMM>/3U+).G&J<N(3&(0A&O;;W!$XXKX-%]TA<>S3OH3-_QB1TZ/
M45A07[,7./N/IJ&;EO&L,QJ\U12*<BPHH]\%]BP%Y2F:'H_70(GY2CJDFBGF
M 9-U_O3BY?O;F'\,%SKO%%UXN)5RUF>&M,SB!BZ=YM2@)# D/$,"'BD?M$G<
M8-CYF&,[(\[E<3DY-K75OPY"X^K>&*SJ@3)2R6A.D?QTJ&A.9J(\<KVSOR:B
M(<),=<A;NJPY,Y[95B-;L76WSQ25F\>%+PGT-1 6J2BU>YM04BV:A>(Y^6RU
M0G$Y[Y35DT+G.@.9*[5T&07B:*BD-LU"LU8#2#>GVT3/T+U'T)AP:EKW>\=X
M3^:2OT*=67O\UG)WE<G$X%)JNF;>V2V[.C(9+Z_F5A5-IE1HJ;AC*:5O"3:_
M6T=<+GO& Q/@N-"9#KJ'CDC+SGUXOQX8@71ON[=<S*F>-ZE1L6:%Y&R5F:U$
M'[-Y$A.8+3IXU)2U&6XGWO)(4Y;Y3:G4=*@ONL.]ABP9E>4-/$QPA^>DLJ2H
M%"K#4T==C._;;V4$37"Q+_&6HW<;/@5/TFT=>/@DDU[B_D9B:O<^9$JB0H\O
M"SFBR85[8U1RES9L) =3EY!HK(,=6Y(M#9G>5I?XQ,.C9\1,0],* G5#(,S=
M+:F"0)D4-"D4'!TQOHGB^U&S(^K':95\KE&S\ZWE[,YI_-+<$L H^Z\1_>=P
M!P-"3;1%UF'T0]9>-7$]L%GV-R+P<9!HK'1QA[NXJBU>!A\CG;+ VUF&9H;0
M3VZ)6$M!^'_G'SV"E:L?H87R4BC,R@(&@*+@0DP8"WO,)/1<@;IVAF*\M(?E
M8AE<.YN:G:6))T,=$_N^;]G_;VJ,6+EX]KJI:^>YV\86;1X X^>RXZ;^EY]V
M8C]^DG8Q+PIEE$M[3KT)"T2Q4W&090BE&_.=5XRF@;W5"57%8HH 'QGLZD;E
M+7)4;[K>5/Z6VJQK,T^(";:R!CCU9>>6)8:E0)ASA"&+= :$,I'1DGP,)H U
MYH!"9Q9286);3&>!]G,+I46? #'(]*$BZLZ6M<9,^8J]/6IN\-M(^]F'1. U
MZN$D/;A,Q<Q&@-7$W,)>OR*J+,JN!VTWIS;E?-M0UG""2Z^!TY0W5,J>O$!C
M:>ID@"@6-0L R8SGTN!YC !;F21+Y=!)*SYN[B-40L)J"0) A.2N,:S?YKU(
MWPK14C%5#Q;S>P$  )4!G2(S(M\ P3L+C7C[?.%@LT]RLL0JIC_80A#+$ M<
M/G3Z!)WSH.<0 Z2WE[XGHD:UG(S%4CKT*</#SHM]<_]%68!F.*C^$$FJM9*P
MKX,2)(#W.D$7I("9Q(Z S9*@:M1->CQS664XEY27J8!&D@@.4J%LF>.Q&5D+
MR%1L;BA,%2D^;@8D=I0T>_6./9D)ZN-7SPH'PPA7#(VKP#DN_]>"E]TD[946
M(4M,F?\PITA:/@5GU.'E\P>7;RJ5+-ZC9IXW)T_44[TW&4[66EFA4<6:S\!]
M!34ILH91L3G:7NQ_,$@S2>EB#+CZ%G%;@67*DG 0YC=)8Z#M.D4>)-MU@LQS
M4@+[QXN?(;&E\8JH[3#EW4K*+#?IXE>)%7:6UT15J+BK67DG"FSR=>'@B&36
MR.5<61+MR8.,3- #4XT>'T#8S!^*2R#E*M2C253??,Q90. @?H>ATG,8^H(N
MM3IR@JQPAG-2TDR!J2P(&?'[-&C_J-?9O [F[Z9N!Y"[49C=H;UG)HMQ19V!
M5L:W;>*^3:D? :FH<8!\*L$4J)A"O9IZ@>;MV<0NG:@DI4203 &ID<"29@JM
M[)YQ\.VGFR$T1.0U91%ZQM>&<D(N+(MRR^X8Y_([M/]'+O]C(?O(3V>D &2Y
MT7<W4)+3R-9O +=VWF)WMT**WG+&G<Z<+XKU7N\_ZC?><$UTEH968N8=<P;*
MTN)5CIEJWE''ICSJ:&$N*]E/PEY5TNI;-"X?W=5;[QQ:[-XU [I&_]>NHT9Q
M:MV*)X*[909N5 Y(VF'"/]MQ>^!2>+]^2VDMI@14LJLY==2AOQ<_G;@[UVZJ
M(Z%]PONT3XEGLZWSLY>,T)K1"I:;*="NK[W71\K,LR@W>ME7I >>UI*N?[PV
M\2 PLRKQQ 78@=V*<QJ3$=?*'@/_H[W;T0-BS_9:P32^ 7J"G9=//<#'O@'K
M_VM99#1U+Q&'C:E!A9RTO=.-XW=T,3%()<FMVBF1AG+I/OWB@L]HDNPXD6#C
MTPK_.@$07!\LK)'=EL6E*]O$+?/U%9J-.SRX@4]Q2\[>KYPIX0]5_*L'8+8N
MQS0DQ?@^[3TC!%SG^]2Q/):&.JZ /I]22*)!9GA+0M>__.Q:@U[$:FEERO6/
MZTZ%QTS&FY?0Z';MY<M\\1%02Z*>-=*0:78%N[?T0ACLA!RU!,[M8=%KYB"!
M^='4W*(5FH46RJ;VAF,L%N$&5'17J4TT?+]\GC:9#5;F4\5:?%! 6]LZ2^.N
M/.$)*[A*<VJ%_I9;**R;/0$ECZ]9X=F_D5;3-A]*#MA$.\U5F[CO_, FFGHT
MMT%$O!=\W00_D=<W$2'B^2:X4ORP":S_AG!/:4G$F<@G'D.5SE-?!]S_&[[;
M'Z[%]AQ%_N+I'HPE > O^*U&&W9_*UR?94.#5I*XD-U^>9T02,C<2*5,-#OC
M_47LEPD^T"$7FTYS?0:J?;IFX/.F.EYOZ+56]70@#NIC!S\J$XGK)$957XP[
M?NB^IK.KUG1FMK-]X6TTRLI*E9*]LD14"J[C#&I9[5CU!:/.2&@$'="TH<F!
M?/D M=;V[VH$LB_F,?.NJ#]381:U!*HK)MRNC2VVZ5#3<3K5J*4BD\?0O*]V
MTA$N PY2M\_RV?#F<EIPG<NN+Q+8Z495HM(@IISZ>GPPWZCV9W"U_\%1!QKC
M%84$]34.\I'X^FSCJM<6E/]+,)IK_5ICOJV"95J"<'<]NCHXJ%5<I'*1 #7%
M4U>\\8J$6H3QA=0WMBF/AG>+/6W)B#V0M"TN!<CBY(A?ST.<G(Y0\K^H&!$U
MG&LJ]($+QX@,J==2!W-SS_C5.+/-I!ZQ34(FG#)-\3/TK>A V7R44?.1&9'&
MU-/36-OZN-R'6ZOS!CJEM=V?*FA5%$&]L2EYI34P-9JY77O5;X%K-,Y:P_;F
MIW2G4IGILJ(7;7P-"==<UP1^S5=!6 KBRM6Z^,(OG_3$3T^&SG)R6+]%+_"'
M_6V[MEY.W'>Y-OT PVH&N4=/WF_"Z&O9YGF(^A^?JOWY]J]!Q0P)M12[3_#^
M^5X\#N0L.L$/AUO?*4-(6%^0MK?5Y20,7S+7/BIN33[V"L<LR&](T9LTW#SF
MR]MBW3#&$=X(]Q\>W  .JIV$X[W-C-TP.S_XBY1^T0>+2\['YO)]$3A?PI]T
MB>Z&5F<T2,*Q-$BHTB 9"#HN0L]RKHEVSD8=K^<J%]A8LD<":D?1G UO%9CH
M(YAB[K_KK.'2'E3YC VMCY;,MG2ROHW&'.FPH)OU$\P:WOLO?,0$("(K9*^-
MTT 6-PJIH&'7/YRQ@V]8/,><PN\%7;TX!.X",1H,(G-UEY;XGX,*(8GWT20]
M+A8M)X=UL5.]I\0!6?X>'.F?B\N:@NRRI2H=>%VL85T:#)$'DP>YRC'<-% J
M*%NL0ZJAF5CPG]0DY4[9Z43;;02@#=1S7)6R"MDCN''>]A/1^7(FP30PP,0I
MEK6S/&>0;UQ:8L+Q)B.(>J<B6R\4T[OW\G#4-0GW7$5+-B?:\J"I*E>Q8YUB
MWVJ]T3#@S]:/A[L@7TR?$9.5Q4N%LA(U9U,=;^UD9SA\/GW85F^[W[OQ>@M*
M7D>56U1J)M?ODFS7QL<X'.Q5"XPW3SV09WI4=[ST@]/=J;TOEJU36!%GU)[#
MK[XK8\3NUH9"45RX+#G28"U\?G]NS:>PL3H14]F$%%</C&-6B@@\2-"A='G1
M=<G6NGLHJPJL8<NUP-%(!W?U\<K<AR-^7_VW2OL'IR$_\JD" ,,]%*>LI\=<
MZ@Q=*_696$Y.NVD5;"\>Q/'PERI!8V-^Z8<8=$J'@0J0=4"$&3R%+)>::HBL
M0,DG'<_]Q_=1?_J0ZO<)2''*>M:NTN><&K*I,/H_4<%3:,H"WWB&&L;>81%2
ME*Z>4($E.6"&@#Y&,NDP%6><V,/H$D-X])RP]F F=M')\6$&"4LJ42UB=!N0
MH@V([Z+6 I=W9J_<DU;A2VB5(.R&<"A+*QA864R-GFGLNHX;U=20I_5)J3B'
M0#5.2PJJG7MZNWOF+7!7_7_.&\?&XWRCZ/8#,\$C#<NOS\D:"CYP)71"J4?/
M$"2,V!C=A\%+,H:836T7;FJ?L#\$5O<G7& 4WM_.T^#.3<P0M/?<_26H=]L-
M$'R+8P$].\)4H8)CXVIYL]IM1DM%/82QE%]G!L)3O<W4;-/Z^AI&COR8M]WT
MTQY>:MSA#+9<)L[,*#54U+W;DC2-'8A(<.'D*AZS6*]R-"EUC/6PW80DA'I=
M<Z*R[^Y\!6<1VUD["=6[2XK_YD'=L228. %ZF>&:.FK6R0"V_\FWWTFC+?>+
M*\>^V?EF9X/R6UOG;#'+2(Q^"8SS+) X9 I7<LID+*?N;R)HU[<QS]B!Q$HN
M\"2Q9BI&-UAFXYPJJW)AU+CO^FT8# 5%B,^3(BUK.+R(+_\6QDOJ/*M 2D4N
M3DY%]92F>:ZP=K?:NH/5# ZA*6'F3XTX< F4?<OEMIVR2(>-W&. )I9D.MMC
M:4__+N(%%H5.1:92BV)2#6+$/S(L&!:I#@ZH30R3UA^^'G5$5KY;DJS"#*V:
MTN<J<M$*ZP:^>+S^4:VCS/0]KP3I[=4I8^+A,!B$DM8KPOG==ABT0KP=J0"2
M*U*N20_UCM^9-U%:H^@<Z%@A1E-.AUD  ',0R@^*HN3!4'7Z<W\+?0&9IM9"
MQK%LAH<EC%KAJ:C-O5%&A/HM[_%--^%K1+FD2!!CUL0A:"_GOHL-C,F'-J#?
M40*<;T<;AV4M*ZT:?2@X$73/S-.-A?9.[5,,258QI42+  1^])W9.C5[&B\+
M'GI#F'#K.4@PQC$Z!1@@F02U.F=GB75U>3[\B2&*1#J$(EM8M@:[.NY,-'9>
M?CBN<O4L+=[&,^#0WD-LH-/5G2CE+=C<TD;ZP4C]\&/W9(=[/:+:+C2?(%G&
M2KSG>;X0K4/8Z!3;M40;YQT>]+]\^-6>';>"(0?R"E-P4E02#YV1UYTB,M7L
M2ZC7.*O"A-K:0S'Z\N9N5VH_HDW5U8K?H!UH,A)VQJ;Z<PIA1$-+< &QJ]E[
MC!G4KV]>:85KN:*[<C6U57$4:9B>Z0)/SX50J,1KA?0[Y[OV7Z^KVSE$K*CW
MN/(ZM[2B&J*62=%#B699>@/C3?8@%7TT_!]38EB_;E5>W5'-06-UT9*689)&
MW;*A"F')?L2NN:!^1*FA946SMZ!Z3I$#+N@?8T:Z_K$DAY)_"BVGO/-,.#6<
M=)T_JO]W1'_'?TLQ<%)^*7G#6]_,(SN:FDZ#;(4!UEK%9O)4,VH",S0S4%N]
MJD.CA2@K#8 .TFQNHKTJ 2%Y^-G4.2W.?7F9R'3O4\/D+>EYHF8=3ZJ2+E!%
M=V8,8^T*$A]@(^3EZ2F=LJ=X/LL*/B_D$F6HZC+B,-O.)2/$[J%KD_G[G%E=
MPU5E=T?-YL3PEG]H%%<Y?-OYW2U1FVOV?, D)B5H>K9$PTJY=GHS'W\GO=^D
M5RT'0UHOH"OO:'E@W;U+Q0='JNDVS) EBP1M[TQ7C['/FUW:U6"W.Q',4WV'
MEC:5A/O2I9416 SHH#"RRL4)W1U%L;5\:'DP_+LC&(+J<>JZZJ:' AE8Z$\G
M./V8$*D*$BS3H?28KTUMC)4&D"._V)_SFP^W_!#(.B=K^NF&I$L<I,"L)31&
M%Q+"7OXOO#RBB10ZQF]50<%A&J@>#6 /,*%+6T/1ME-+,"2.C=[@A![/$M8'
M*ED3EU3G:@%;4:CE+K:>B+=1\QM+YZQ?/K18^Z]4,8*F,AE6:*#O4]XUQHCC
M3;S-XV@2O'M-"$=UPAZ;!#$FC>)F2LGD/^+-7O^30LJAU78],.IN2%*$ZVED
M&M^L<Z%0+%U;XYYGTYTBB?'MOFJF>@B44_=?S'AY9X]3Y!!SD4 J+UUD2%4,
M,]]E+:/7HI^[<"8>G.IFJLN8<9WETHK@Q+.QC;^XS,,P@$P'NAQ-_T[AK3-J
M=^6E1/C?SR$(19H.J0F$'KJ/-0.$;(]LSR?F2JL#X_(DT#+1LB0J@$25 @ B
MLC4J]\4^\W=&!T&\1U]\[4[CJ:VZ,R;>&PC^I=->WF7XF^O/##=\T=<K=E\?
M\6E/0I2Y?!VYYO0-P+^^>.P+:FSB^C? YDC.XQ7%^/\7LT<4SC=0^-<U,N]N
M/>8O< &NZ0\]5!K.NH\O+BO+Y!HFF]NT;XR]+0$/>BDXA_:@T%9J4W)@'_J6
MKJ'B6O_MDL=K5M35P<=K5XP.[3$D/H6A7+KA#=CW_J\IXRHP *A!5WY)T<:(
MTB&>[ E^NI!2/G.R=D!'6[/@&\#Q^*>&:'8P;%9H&6?-T#X^LY+:'WL@=^^2
MTLR.-^H8)Z3-K:W&OKO>*$9-C.%:TP\WH<_7A1RP7,_,5[7<>^Z(/PPMK@DO
M*NOEXV'T 7MM.I51)6/+Y$.T$"@[MJ^X:N]8A?'F-?1;]?KHI.=1]:*W81\:
MW3>N;-MWQ;.1HO'XC::OUM+E*V]>/#+O^K!S\K7GZ)N$C&YAA"LR!8UI,U9Z
M#7H3)=+\/^B\Q'ZQ>HFV]$UGNFBG&-_35=!R,/STTZ(6_^KMPCXI&A,-EY.M
MKS!K5A!%FL(%LL#,.,>A*_6>9QR)C*1\3B-QX(6_5IX;&J?3_CHELAR_7IH2
M3CAD9/VBZ\)1X2ZFB\;'[3Y>-M0LT6XF^7CMS1[S\I1KV/*O:I7VGY^_NI0Y
MBMUKGKK7WWQ-L<_S@>-'= *C^>4L7_K'$NJ4[,K,@2NW&\X/J0?491XM81QV
MFQ\0@?&<21%8 #A:I#FM;ZQU=G%<$+X4:81'4#;CI(CQ2E9[\LH"7X]/4W.[
MSB^(^1G#GL<):_^\_)_YXD!)#MT 'A:;DB\$0-'*TH61^JOUY^X]VN59<L($
M_.K&7G^R&^\X-=[;OKO,KRK>U+,J_ZV/1,:;?"39WDRD2L&\34R,'.$8'\QQ
M VX_H&VXV/4V.(5XRQ,BV(/CCH<B4$N@LZ ?3/+R$[O[E7Y];^V-TRK(>]*3
MAS 7?K+//"NOPMV9]XHX@N[F1(PMF5]$W,::'J<N ]G\=?VRR'>?X#E^;D;O
MDK:\H_=P3@)9?UAQ55VU'E_8NU[0PGJ;F-)HL=Q),Z]URAQ,LG_KCO&*%UH<
MARKGS9-=+M>X!I5.*]>4>@+;<]6J;%@O?Z6[7#+0Z"GB2OG&SCMCT]Y00<[X
MJ)H%Q]'V7YSTM/PTL<2L$"R1ONF>1DS[K]#'?9 GO;L>)%;;L65,$0Q5\XF1
MBIO^EOCM5YWVV8I<WK6Z[;8L8!FH%57[^=^\^Q_=_OO"PIM*II-95Y.0"6*6
M6IL9K?#-6%4)D(HB\SF5<:CSUKB'?OG1G+NS1H>4GLVO9_3 =:/KY*KD3YN_
MI8+>D33+W")-1]_5G* D6XEG@IM=SZ"ICS^Z)&FY?@-4JMEW5)CWJ/Z^U:BJ
M[*"4)6X\[[4?/>#I\7J;@GP<__.Q4"ONQ5XPKA7=>2!U8;N/1!0E7S:-CI(7
M+?N7DB-5]V$@W5$%,Z-F[&XVV3+S[B@@2/DDD:%.\(1#FX9"ZI"I9ITA:@[<
M=F[0G\W<T9RR6O"XG$<.!Z!E6.A0LG0QB[Z[2QE]Q>41V9]S:N\H!_^F9O1"
M,"3/T\LBMH5;=JB1%T2W@X*@MADI'8(J&</>"^H^#["Y:*NICIQ-A6Z^-7A;
M!3D\0(;PK_H%0B-\&+.<UA?G-&$7<U$2-G0LQDX#6Z%6U19^ZH*>CXJ/8JJ@
M8/[DP^M^EIE%:YB42/??3&H\-,"=P??VH^ I<J,-(DXV=)M-$,2D3:.19NJ!
M):]6$ULDX2@,B[VH40P=5-A/6=0\VQ'ODX9U/)GTX>"]G6>"(9Q.'O*^LZLE
MUM+VM.VXI73++S7[ F=0%XZE/,KJ3)2= >T^2HJW$H<M9[X)X:^,K9"KGE/N
M?A@QNI96N;K,VO=%+;D[;/AKQ/GK<8M"FX$/'2<"%B@FJ('(-6[2UUW-7,.
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MM.RO38HT=LG$0[GV/1W6":<'WS91SF^+?&6WB7#XM_#JR$QLY\EMSIY4W Q
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MF2-H!T*75(4H0?1;??<X$1__+_><K_I$8<=UF5OJO\GQM:\?RI2THQK24I5
M22APH<J(E5;Y3[+_NGLS+5&!;+8EQB<G(^Y]\)58T/ 1]%]M<$ P$BS:H/RG
MSD\)/0Y=YPVT,ER%&C@.#JT+_ZL NL"*Q*9:0F.$_5-D1],1?K=K3IA48H7B
M@3"KN++\:Z$H'&(GZK9^6Z9A+UX%)H=9'6'%J64IR3.1AI2IBK=PX:3AV%DH
MTU(Y"YD6="&*<;K+I>7<!/Q /,\Z%BHU/=*TKLLR+6NI,/O0R@AOAG:;&Y>
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M1,A-7%+2IY7Y./(E&3VQ&%2P_13!-[3E4YO2/@CI6T6]Y4/F5!Y5\2=^E1E
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MD8S@I*9R7K;US+5:GS%QU<C9&%<]0SBL(D;3$RDPZ+&\:*9=D?HY8Y05!&_
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M=:Y<TE0 FK80E+9/.I?6$&C0W#X9$WT"]_[!<OU*0.YZ2FMC_R_>#)/  -<
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M-$][/S8@V6 ^I99[CI1KF9FI!K'.T3P9S96BH-< ;-[\V#?6KB<C>UX]^!9
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M7\%I!D@J R1W*G>N+5SG97]8/(7@"KIG3FO,D%:+^VP>Q%]CIS7R@R"ZD;-
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M@114U)F/!&X_IEB]=5XP^G.UOJ]T,7SRI[6\)K)[G9M:'6SP.P&CFR<LS_%
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M_>X_RR'RF0N+H-A,W$*5#'!R)R(K0 P1J9__?3[6K@F/2LS.BE/I&+'AXNZ
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MPKXIAAH[PVXTI%<)>:!,MF=I8AN:I#\@XE!E^::H'52:OJ9MN0&<?\.M'A,
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M.4GG,!]OS=DW<NHT37RO(-M7ZOS:6E!!.BC4;:=.J&V;MX;E.0W? G*/@CO
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MOVR18H'TYNCS/XU=\PKT44EM#NL\?2$OGV3F>]TA.2C4&-O()'W<)3I-G^_
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MN^XP/CDY5EFV8]X26:=)>$+2SBLH,GCM0C#*?/M@V-O,UH,C*X< 6F+5W3D
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M"&ZJ#$70.RH!H';(.<%C?7'*J;]"9.2\7<TY.0<?H;=UA6S $0YUY4QG9KC
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MO())NKR))M59\N'Z7F0NS0I-)WI3</,PRH^PAO5^;4:11Z]?TP955;8D\PY
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MZ@H_!"Y E3GU\O;S,:'KD0MO;MVO;@X#GWV=EZ3U4N?ZF%E9KKW^,,VRD^I
MK)<S[NL;QM>'K:N#A()CG$Y*.N(LP:;H,+;:FOBEQABU,&!1?7>$-N,KE7*-
MS()$998';/*FE:Q=$4%/>ZF)7S3Q%3R1URM4#7_GDZWZ7>@C.-6N(?W6)NH_
MOD\7*+_=_1?DLG[G^O@*??&XTGNU>4^$W'WHC#H<NF$._Z*UCE7(O8(R3$RX
MSSGR+(\Y=F?CGDKV^SNY_6XB^.OV5HP[M>/_^_G(I>H%/)2"83:XJZ&NMH@R
M%J)I%J9&.%KO-UE368C4\!SG^JL>[$>,\X^$Q)(4N[")/'Z=>%^=O<ZI8^(2
MB#*8YI8+C51^>R:AO>1+2GE&Y:0U5].(,+"MZ!"C*5<Y)6_,;^02TU!TAPG)
MX6I^I7X;@+^_(EAAO/?7T/RE6_9\2DJRH*"VA<2I!KC,:X+:_9*G#%"44*8=
MMFWB.8*D*414I](/PR=KRW_AA(Q%GU':ZG(:Y2LI 4D+="<P<%G\+DW2^H:V
M.JE<]#71U>U,@_)Y^*'%81,+3'M*LQ.D225%+TH)-JXCBJ-+INY(M6B*RM(.
ML2QCR02?TQ7U[\47/*-#MROOFV41?YN E3-$I_((_,Q#O[?M-.YN]_7PJELE
M'Z]VI[YD.4&0;8NLPQ"T^H+5#I) HQF?1 U^Y>USOLIL[;]!H99GB8+3R_\B
M$._]V*UR]Y?3M=D4.G2:$GV2SL<!#DX'=D=[13@>^CKG+/I&^L!7VB;WHG])
M4VFT_K,!TC*'9-)LD!*?*RV*I_]<Q>&FXCOX RL\U:%ESEF$WA/@RU*N;/[:
M />+ .R2XWFU$JUL44TL@_,@5J])QLP=T<(W+0^#0])*+]405NX+0:"S"@1/
M!T'XHYCUXY>298B:Q (,-<)C!\_^+Y4W?I\#R6)"&VF$0::0#_!CG+*6K"[?
M:97HWO;6P7I'MRE<N;3@\U$!BCQP-LIWKZZ/+#B<]T_73D7J<S9QX%G!0():
M./H=L*S784D)M,#?H^"(\GA;_G/58"O;>_$>+O0Z&K(T.J.-G@_1[6-JO4D6
M\O TG%;'8<<>L%P<SDHG9GEM!:S.KK!*15<C]-#J90BYP[:?D?K5]GTR)<:<
M/A7Z[$* ++EX'%P5K*Y7F,&"DS&]WUHHGS#:'QD<H&U=D,+'4X6(8*VUB&)8
M%?ZYBPNE;9,0OO0.+G*I-L!E&%8D?&UZN>HYQ-_TQ^Z#?RET-KD_6_C]IYZV
M()K:GF-\$:CO8$NY%J$3 P@O>L!%S,1!(BTB-B42MK>4GQ_&5I%RC=]]GI9V
MT)S(P] ;"U;/I"C[,5 ,HJ![S;K#E5@L9M$T8#3C?TFQ4[=/]5.S'@6OM']O
M-P<5<YC*1)%]P&L\IV9T"2&646+9[9XU%&@+7-.YU#YD6C^HT-G:'HK^2FPC
M@59#&C$QJJM#XQN+QY&*62&5T18T!+/ DI_(=>.N;/5%[\LK-]:FM;KX#;L!
MA3BDX06QB8;/4GV,K\>.!KF/6B][04^],W?:X8^YY+U %9EV<O!X-O<%'.0^
M.0H!M(1@O2VCTQB[J7G"@!XP/&1""2[9D4'W^B>73QBO;:1_^2L$Y08L/6$H
MD3-(KG+;UTL,_6EKONIXP67W_@F#AL/-[II&]"2L\R\?HQH)Q9!;)8ZK)?HR
M#GD1_^"/,(>-@&C2"HFU!RV1BGL%IR%H&KLOD@]#;9I+Q\L+WH-!'_*'_ 6.
M/4V@L.F-<ZN5(QLFA,.Z?"X;<^T_[5@%9QZ?F-(6U0SD9U%TKBW1^GEW;30!
MV:/8*1!27]75!M@D.'XY!MDB,-,(B'K'T[&81,RBQ??^#&R(_]$CM,A7_@O8
M.M6(8-#QLX0I)"[.!2>'3%@OT[:.KO@4J\[T_37 3^B1BK>4$3&0; U/N8*:
M*2A@9H+)NRQ@2!WW+H]=+9:."ROO@>_URUS^HC?I8U?G2-.EC58_6?S=*G'F
ME9B2YC#XA<]%FX;3N<7T';<:L):QV=&$VEW)=;WCCG@+&5W<O+IRF>M$$0WX
M6CJG06A(OV7KMP*G^=6)<HMR7@D#3(Q<J7 YKXG6\&48"]O25_0M;?(MMY%/
MV8^^3/,8O/6HU-_7^\UU_>O2T-#6+_??]/6D*WP6]\'B+B%T^.2XR<_C V-^
M+HG4/3A.4!N0W]+C0X"^^DGER57<$%(\ >.(WH?"+2]A@<4NF'ZI 3\I_;/<
MZ$YB',[:<)U_QB0:R/Y$57?5-U<GR<8:_1P1JP:PJ4*'F,JG.R[>[VT.>E*$
MD$&6QD*&[_H" FD2.M'<'A*4BBJMV"G+Z@Z-(CO?8.]13LNJQ#2_/)HCN6%#
MN'A D&99%=]YZ]@3AEQ[[Q.&NA_T',(L%UHNY+-7;$ZXS'RWW!QEA)RVE43/
MZ:3U0]\4-C055<K]J(W(/5*6ODV&>FS.+/3$"$[> P)K*4O0G^%G=='[+P?J
M[L>(!KGNX-5VKM&@^<Q%U[T7^\"OOK1PJO@!S;> MSN*O.^\V#W.5>.^N"UF
M[XR9;C;K9D7Y53+COO9(/A3G568%*$1V\UG\_)HR;PZ?MW\%P5$Z>S#%AR#T
M!+_4T)<@D#P6*VB#9=N89?3LWW;BY2BFGO-7294\C/T*V1L^"<:R(%"U6.*K
M,?]W/0-K=76HW%2^7%M*>8,.WBF_K G:&^W],PW_A=!TZ$;?>^8ZRMZ AD;:
M5CJ<-Q+[#LM9=YP#JYW)WF%_4A'@(5MP-%HG-\Y[Z':3=VOX4X-#>'0#:W\;
MLH*]/V>"A'$:B0,.P372)?!>61Q B#8 &D)^J=6REN4-G,YZ5G1$\DI3N&R:
MWV(:"JI/%Y=!S2YTNSDN2B;?:2C=E=(<-\0Y"_[((NCIL]3//89(1/[S,AZM
MWS/^UE;2LNX16?COOZ?FIA0/CMZ'E'V;"L9X87_N%.5S)GX09\G7=HZ_((IX
M,SU7^+P'\0Y3';5E,(UIK\H)7QTLPXT-[V5]DUS=]\)12Y]2.B2S*H>E.@;E
MGWX_AM--$H.&/JP.VG#US"]_:HLA(L<-_-R0DAXR#R1@;WF-R3^F2/]_IS*W
M^_AR5>W)/O<8]V1+'WKY:.:$\ZP0:I?RK1"WV81U%,MH?4E=1..45%2,KTGD
M?F75AI%8V0R?#:&8R:X,! )O_#;UO$'KA:HM>Q"A\"W5B-!$,LJH0<ESP" @
MU)(>,.SAR]^@ R77W@=-"3C1GY1S*C.12W_3UQL_"A5V-#,SUU8Q$^L0J[M]
MGYVX?B"&(MK@X&[A\ >H3,&2<RSC:$9]^6+9O7\.E,]/,SZ#.M@5;!R0?\69
MKKOY71-,,KGP3(SN \X"89KW+]7BWX(X@8&?L.*76\[VK:2'O_<3+2B.M_$\
M82!')IXPV,L#;6PMUY*L71 OXYZ9C_49IP]X>&\!Z.??]US5V1F2*UP8)%8O
M62MY"-8M@0?D%J!3<%1U.4@HDV+AH6_02P]0W,L24]=[XI_+LBA4 ]UL6;K4
MZMI9[Z_G9R2GOX G49;7'%J;,[)$(_"[X4GN]0?=+OMGW$YW1+WP8[[^^BSB
M4H(L;OX[U5FZTA\7@VG3_#II,XD\5-9-L?%3(4+U)'U\3?JM0=E:AU<N7,OX
M)+G&:[=T>D3IH\@E%5%,'D7>7*J6?>$\@-W'F;P!#U5.995\S&]]XM3883'_
MLMG?H;:]7(CB7ML@V(RC?]FGF:=K')6\'_;MY>JFD@=9BK3>F/?CR(]P].-
ML62"7[TEE,4D]'O%' -_PH@0+WQ4%K\0%6E++GZSV#18:6:$.VGBCRHC8@T8
M)H-)S1D+)V;[S[[(YM964@:1#2AI*5,3Y2N/GTD\Y.8+TG]XIQQ_%VX??KH
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MS(S9_:&SBJ$9F"JY5<@Z>EC8A:DWA%Y,$90-G69M>(L'#*=KL]05/_]U%]9
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MCJ91P&!P:+[R99S=/^S(XVOZ/T\8\PC")PR0___L$*2OT9=V-PK]@$XZU]J
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M]&!;2PR2PU'<'@S5+W,]/:^EE@CP<EXX>K9B5BP>6'XYJ@,\#" F7?G[#1J
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M;\R1G\1O\8FC0U(LD& "X  /Q& _]GE*3DKR^,0_";8;4^2'-D8#WG%CK</
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M<T"'?>LATX=+52EK,SHZ>DB=UM?<."Z$H>G619Q(6JUGG)@Y\G&PFN' 0*V
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MUK:NM4M:)-FES(6^[ \G10[>;:%WMI5DI_)1J6_^12N:;KKAJ.^:8]/6B,J
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MWT/V#:('DC+V WCEK!/M;W\3M;1W6$A+*Y#"29?RQRW<W]?Z.)E=2% <<:F
M>E/-?]9<]73.6(U]D$*/Q^\]H=MP"\Q(M/UPSLW[[ZK&"'?3$_MC& )'O9YI
MCM%)7EY_+<:(.D[7*\PF"G0=+.VOZ4!KHAJQ9(426G1KRF]5R,VDBU\WR0L8
M35YW)C'GZ=E()ARNXK&8<WQ/U5 5@D'JA69/J1KG P_ EXPULD%XUO+A!44J
M&8Q_SCRM3A]PXN7!;WD"4M]$_%S[(_BN8_"R?;5Z6L&$[E^UF25MT4V_FK?O
M2.V6C7+&RP,5&OMHE]1"[A0X X%/Z2$$0G_1!#KH'[P20Z>\/.Q78YVR*VZU
MAW=7#R/$\:5A#KNB^?'(7I>M(UU<D0:U+^4LW_R'8,.\@P/#7)47= 1Q0W /
MB9G-,:OA]8G5\E&7:T/N_3Z\N_VF%LFUK"67^/URVL_HP\L+#D$A\/L0F))K
M#SEH)ZOWWX, 7^J4,W? #Q/MP5;SC,V<VW-O1R(ORVM>03WW3 L%@G)=PK8W
M-<%FD;Z T;]HT23X5 @^VYW 4I<ZT;<G".H8$C#(ZR!GC/GF(S%B_B1CD&FG
M-(;83"5$]9+"+,O?"WDH\F3Q[>?,(5?AM)_O4>1&QQAXO/.^Y(1NO*19)O]>
MY%R[T:<M:C'J/5?Z%3#P]HY)2[KYYL$R "Z>J/^'IL0O%LLD%^:\SAU%5ZV%
MSV^2"H;E)-'A&L\2!;Z4[Z=WC(.AF122GVU !NYBNPGPZM[2]3P_YIG=W:4.
M8E^#A'&(==JR'9SD:->PBZ-SL0*U/*BG406  W4/W*?-VG5$GO=VEH-,+/2L
M.X!W"7F>;]P*E.;=UQ1!&3XBO&HAA"LW/C)K*W)RQQS'TF8]]DFVK<<;(]W*
MNCOORW*IH]S*FN'P>[(*(R/2!IK*XM[U,E%\,V**9>;.([6\-^UIO?=M"9D#
M?*6@X6E#=XLW$]UQ?MDMHMH+.]6A#8.SN[],/(E\YUV?L:P)(JK0[IVQW.RI
MT_[\ *6[Y>"?HH)"L$8?WCUDZ;IX!HL\,85Z,JE.YF%GDAT?'L;"22NZ>HNN
M^0 6-GV4429MPF<5^ L3'4EZKCN:DC/DK"^B>BEV5Q#7P(T,POD"8A8.L4GQ
MD$D_D@TE3S7)8MQ3KLQIFT1]I9NMK_;3(8.F(VRX/Q:#Q/@M;7NYLY7H4GBP
M%:;:,YD![D;R#W_^'^2]EE)-,DS"OW+]BX9BRQT;WI[]_ !;^ZQ[.T->-^%I
MGN1U7N_4?.MZ+O#NLATO!OJE,AV@W;$(IY.G J%!VL7!?5"SY5YJ9=MVR3CG
M<./N<XY;EW4J&F#4JZ\BQ55C%7MM2Y8QMKQD\4@5GP;\YY7#$$U8.3\CC\/L
M'7LP;%RY\D"<W )^WIRLHC"QIM'*.+)C[667JS*7BN(LA.C_C.$E+E,(Z$C6
M'ZQ4*&.V806)QEC\&(1CO!GWH]M/?0+S71S7.EB3&9]FPGECY4IKF_.IW/PX
MJ;(&L72I/-68>BM>ES>DM5"^<^X(DNXTGHG&I$X3?3<*"_R+QM!3;S]5"ZTM
MF^3RT$TQ-.@C-P\PG%3V%,CF%;GVI S@D1I/&5[_BS8L/75[1S7Y2WLRCE!B
MXIU^!C/&+E]GXEC([*S/G?A-L<0QU'GTE7\5,GB+9;C^R"L:L[>\?>2@P5L"
M9XA'^/GTUS%AV:>T6>;>MLH<!6)TQBA*\V#U -]KFIDC%YZ0ZP3E#*.*?A;J
M2$IS60T0A/!UM?RZ1ZUE?XBEC+J9Y$/=S&UP< ;,[]JD\/3^@<?M8K]5=O7R
MRG1U:\KA:RMJ%]K:ES/Y%\UQ9,S5\:MP]LM,4BIB^L55\+F0GK4^_P_"\4E&
M0!)SD^(V5&J1K8:%$C#\7@V9)K"1WDZE:]7%O\!0AA_(JMQ$)Z-M9OO0O7QK
MKM6+I&T<_.":R[FD-],RXC+WSKP3JN;N4M2[H[K4<LTCOO#L*7<%WG'],W#>
M^$ BFD1@7/ 7;>H[AA.?'U,-N4UM0.^MKI9V:?>MM$*JZ5W\(ZU!>0N#X=K4
M1>Z-OT?O7S3_+3]$3IX(_KMIQK;9:^F-H5,P3^M/!]7Z%/B'UI-NVS<AZU]Q
MXRMJ+0UE-@SJ4]?PJF=C</^#%@]16DGVS/N U3Q;[Q(;,5;E&#[")^EH>/R2
M+;P=MF5:RP^;:%$SW&'+:+ [/ES82GO[Q0A?T6FIL>^5FANMQKKC\"<K*/)@
M9V:8/NYL+CO17Z!T@Y*H:>/?]?7OR'<[>Y9,5?PTH$EH[">73%Y6!T%[SN%-
M_:>H[&SC#19L)4G[;,,-_WKDFC+'K_7Z+7QDD&:\N3N+!%[4ZMTNM/T!=N5N
MP+VE7%%<.M%'=7S>:M)@,M/1_-W6Y8]0G_4[J4Y<Q/(@:X6X@JVN_E[3M C=
M,A&\?MS+ 1( >Q]O:G0ENG43QVW*4[&SB>.-D$VTX<^%=210*:Y IOE GMID
M$!'*=)H+_"B?6.L@:Q'S->G6=4X3DXK7H+0]2MI!JL"ZWA,J=SKY:9;*/7XK
M] =!=YZ3;;T-E>\[U\+KA[IPU)M?>*U!<;WO?:E#DD9'N.!(KH;Q(]B3K?V!
ML4"91C8&K4&&JD'R+B11U:S9MO6P-3;EB+M69,;+K/[G:G: PYKY]D'@F<W0
MAC%X 6RE"T/^M-@>L3VB&K9(<\Q\!#9WN<*X>7@K5* 5 S6FB6N;?':WR @4
M']9PXVV:R"!LXBMG\W/)5&N=ZZN-^#62^GDW=[R<10WG[@D)ES&L,.NDI0'G
MJC,X&]"Q<^USQ8@ ,H]=8$(@?W@+J^.LX6(_*W)-J!8%SQ7M\/^M)#+DOI!Z
M0>A[E<J<T<0KX-\\M7 ;X$*4V'LB&Q>N$2=#&L6D\9U-:L4SVP1TV+(CP?(I
M=2(LQW!M'E*NT/3-WX7',(09C&I!\?#VL0^<>-[1ZDISCWBZ<1SFI3;\0YT*
MH3>R?&\K_DNV7=R%'"L0Y=B</VKMI(Z-F0P#UW8B/YZ'7R,VFM**)'Z[, M:
M-\NP^A[;05JVO/)/?_\.=L Y4.14@@2D]NLU=K*&>K@\^A=&[<[U2-)VA"8\
MJ>"HXIDH5O;%),>.)7"_,DZMJK915Z/S4C<E\""RF+R64B?2C$LLP<FVU%1-
M9 NJQX?/81GQ-=$"T=]:]ZA@Z%6^/7Z>0SJ?EMM#I7&D!_?:,M&P>:I'KTF3
MBS!97!OY_TEYS3GLJ,P)?!-M\E81ACUWGDR7>)56M>@BO/@E^X.YNYL/&:L
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MT/9](CA)U];D(K:+.RSP0A!O>LC1SUML(</S2)"V-#J24>#9/ETU(^236"9
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M,:Q%;PNL4Z 8E]'>W<5OWE1JQL#J_JHKQ9(FLJWY43[YMAD>$*3KAU_R:)F
MP5UXFGZ$S[8CUM/.,MM6TY&8EVJ/\U(O<P0^JT><PDJT%RS_T;2=AVI@G ,1
M>9"J5P<R<[+[R#AB4RI4+?UQ5G3."&:$]3-S4HCJS[NR4UE4 4++ 2V7]$);
MUPC%4;ZC^P1-\.-8>;]NW-PY"4OK$2&SM$E/>6Q8G&O>-P6V&QWM.':E"!^.
M"M&H+&PGMNB]ZD?70\/N8$E*OM.W(.^GJRMIZRG2G.CL]1Z:-R:OS1E!O;-1
MI+!+J(FKO8$\-6S-?]=P,IUNL=Q4+4E(C\5/I):>![!34_ZWT_7JK>F"Z51E
M5W4AS6S>7H/!M_I:)*LLY]>FC\)2H-7 ;(I,5%NJ(OT%5SJ@"[TU8[:,1HVR
M;>4PTWWLR5U1\IEE TTX;NN5R4@)R"VP==:![6+F;?AIX5%E=2Q5TA;VL5GK
M4>Q*;V(PF4*C AM?;64W(1K@%ZD5X949T0-Y #2HK[%6)LR[Z:L_17V<AG(,
M%B+FFCK8""T.!<YEQ+4P+.Q>2_;@\;TV/)HW61>N:/J'X\/.&3+S#R>$!%KQ
M)LT^92+&<HQ3V5/](Y2N96>16<,<?IF?O.6JW,-?'07DPE?1-DFUPB@'YH\"
M6QK;[;H:0:D3?D)UA*ZPSH::1W&\6:L9OZ[,Y68U3Z4>%S.'/Q!+1S\-6G32
M\@N-4:X31D@)VL=4U(R2!)Y%IV)<^4R4\*OTY\L:TF8+-:0?+>-_TBT.&_MZ
M05-+=[8.IEG)%S?'\*58V# >:2:[@#; P:A4JG:*3Z=5=DT88)2%):9^T;CM
M>*KU^;-NF]2CK N EVSKXE4%61E%*L4J@Y),AOFG;3"A[8HVNE"0T( YOM5(
MWHTQC,[ QL<L%NNH@<.GAQ\% JB\J7D#U] _Y2Q^.7E6WH8]2S6D=R2&]1,(
M*Y$3[5YW@O8DZ$NC?)G_'GF8MV4MG!4ZQKEIGD<^D])(G$N82]7@Q"V_N1*P
M.I2N+'J\K7C$.P.@/%/VJE.<U#!\<B6-QR2&-1\CONXDXLE\9Q)PY? A;8;B
M]1L V9OKS\\WG--V<)0-^#E[F!I/R6<_;3^QK=)] _KUYZEPH=23ME75(MW\
MJ!V)W (M=IVEN@U_#,A>1GR#4IC6QX8]3SC#T+'Z9UL)RC"J&G<"7B1D:>%U
ML*6$&$&REK-UYEMV/KO'.GU/+HM-[9=>/P:"-O0.CJ137E$.[4+64&[>)\3]
M4^P%,:0DR!$A9^><%B"2 _$6@&;4]%(+[1 CX4RM@)6Z6$<!7E.$@T'4]Q4\
M%6G5LLDQNL7K[Q^2<?\FU4I.-O?*ES]IG!2J)8WJCM^3\NEIV,O9]?-<X*!#
M:7;IMQZ^3YC]3@#)X^>@.V=V^/0U4$ \.U[8Z^F[FYHQT473/4EM\1.%C#VR
M_1,'4P\I.&6>PT^P$Q^S7P-H"SBJSSZG8J"WM"'!C>PSL4A[BPF.\)3[))!@
MO'D6US/909$-/? LVQ5@W];JU2%-"O5=,_+HH^C3 9<:@'/E+O=48.U9/WC;
M3KED$A<^;RTZQWJ42CHI=YT[!E*M!25OS.H0I?3E.-#\P [D=4+[%]_* $D1
M_9A#SN?I#C\QSB8HOQ[_/$B=\ I:6'9CCG[\(NG+&%ITE^I&Q()/*NV4H_@\
MRV&@ ./U*E=Z6"E/LR @;K+)7&(=$V* NR9]1#Q\U@ 8QVA_QTQ^*QF$\/([
M!:D%LW497:ZWU-&00 6',TK '7;45=Z5[$5:2;O.'+D/>5-)\B,-0P6Z#/8"
M(\TT-0PA:JG7W?/+"DS6R54]:'!&G?(LM#M^E7JBHVKY&;F!CX6C]89D@M7Z
M:A ,G>M%E^5$8VZ'UP,VM9-A%3Z&</9BHMY (T^#JF%?(?]PX.<A+G^NNYG3
M?@VAC ))I^_W.._L9 [AS,$3J47)#9&^)0".EPGYJ@,GK1(6P^:8VM"13Q,7
MH9^:P2=,QL8)(1$$88RQ5P9T_/%S@KX!42#?[O9..L>U[G _T;\,PL4<70WI
M<:-%=2;0X3)=:.9LOI&;(Y<4TRPGC*]/G>3(QD3_#G_6?>4\2_&OFNE%)GA5
MZ- HFYGUG/?$WK]1Y)"<7X)I&;Y\7EY#QH%LKY'31O+2'\')8I*NTEEX!WS\
MFR']7VIX7*$=_FZDR70F_MU8IM8(CQLC WT*?6^Z5^.)XWD5-8!!?N9L(_)&
M1^C#F,#4KU]1 Q6UP_QKOR06.C]M[HK]E%SP$^,M.LV)#<URDL2]H;XRW(:'
M']@4+G2R>ZX;G,&K.W8E90E:$WHO\V9I6,]H%L'K03,?+!?45-(=-[:5SYLN
MP4=&M^0$?A*>-^@.,L]:.988CP[2I#Z4S.".)2_7#ZPXG0"*.V 1#<R7V&^J
M7+7-9DG68_  3F7R9TX8OS32( CPUOZV;NPW&\;A6A#&M9MQ[YYB?Y,".66R
M_OZIZ] H,M@LO9:Y"4)I&1BI$FBER]:V>BK0S@?K))W8:ZIMN-O^_7E(YJ3U
MN9.@!)R!6MWB6(LACE\CE&+^&%"R;:FH4RC#UIZ=T]=]2\O6,NE/"9LQKY/Z
MC<>U9'=EV1"38 +N#U 3 8CINPI**;O!C^%;XE$N%2CD5S_51VEVIIG[,<&%
M6,R:+H^U&OXQ2?NUR\1H28OW5P@H],C]N3BWUD;#[Y+Q,S8-&+%"\J>(?SB5
M7KOO+RPV%4"Y]T._LL\[2NY8 @_^X6RQ^)X'-US=RH7*=GZQ2D@\B;S',-6N
M>J 7DV^&AQZM'8]K)>=1(Z^:=V<UW9_9U@"&LYX?DM(L\Q&";$BYX^\+Y&7S
M:S"K.T_O/?,*A0\%3ZU77V&;N?5U3:&5]0),G6]6X<>'J:MV7ZXC,_KXJ4)Q
M_Z_MQ2DVN2V?MR=6,3D.,U9-^90*(MQ2S(<WV<)F=A>$YU:LR*E(@-R; YS=
MX5'E@:5?1=LA"E\Y!@31G)0-X8+^)3^C.RQ#<F\D'DRD?[FGI.N@_TOGSC:D
MT$NWY<T+K>.M!GEM"X:_P,(0L>'1.OOW0R*-T9V_Q3R\?E7Z_%ABX>I+^2_"
M3ZG]P_'K_"U^$O.K ?ICZ9';CYEFK_\D;NY'*XSM-5,0C)9-V0:H0;"$W2G=
M.G[0A<JS_'^AK::EJ#]1$=\,#>V4IQ5]]'!(7EJ_3+UTK?*2E]=AX/[+E_\@
M,CPZ["A?X;&Y522S+RMRXC!_#90;K.Y:<3=R+?N[ZY=>?>GS?U$#JZM6!.HQ
MKD*HVLO1\35F><.%-A3=>/5V;:52(_]>Z\$9<*>W*2O\;M5+)?(G7LB>661-
M-:BI!0D["=/:[9VC_LTH="C:FLTN;'SLHGRH[HO*I!8U#L\$@$#%B3\>+4]+
M#Y1RU\AA=6@6*1K,DQ2_/6Q,AA5//Q6>F?3DS0D\<3)?VC>=;\K4R'Y]4VXD
M0\WF-6!=D=6]+.^N]>BJJ408S%PHS,\%2HXC&P\5PO#*5];27Z2O#X.SZ3?9
M>UIBC5;9)EO\WHCZ%3XV!U/@5^#@,,9,"0S39&$@O!;) HJ$2N326>U(RP^X
MN=RM*9MNTQ>_/J]<E+0CN><IR])/\*!>G_-3=!.LUU:DS*S:3'=/=RWJ5VK?
MO3/#:%1!%OA96ZC7!?;NX.15Y.%B>DE<EZOQE>$5 KWN9)7YS/)RR</FN.Y:
M+];?TM)0X":G$K?M4$A![T_-_BK0WLL+SGORB19FV+M Y M?^-35M5K4<C<J
MCYD3V'(L+A6?MSO_>K Y^86:]J<5JQB&YCEU[X#\S &@;+:W=V(0;0?Y+DK
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MD<BQ9<E NU3S70-6=KQYE<2RY<Z-'^+)L/8GJ<XR#MD6;9$:VTX+77:)1'W
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ME88\Z_6B.IH-$*W_2%V=]PSFI]#C_Z+&\!ZN?;$28AZ[":7,6/+;'8L-2^5
M<%B 3W4WB-6\6^HE9=B7#'MM^MF:77#+C0H,E$\(A1!^S\ [WP1X;8U!H&C+
MY'9WBS9A(![E;=[<L&2X^9GE4.++U>\I\1(G,<\@/U!^'*^FO;2P7I\09<$<
MQI5CA.=RJM\J@[%(9*E"B H3=$@OU;=-WRN,1#A'+<UI/&L!%@-/F9>?IP+X
M7OFOPI3*&=AT]HN][BG_9X@Y0+G9D[E%=$HTI O[NW$RF]54F3DQH;C]2XA
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M,).^,#LRPNT>A-R(:UTSB7DN3N3EV.YSZ?#V@2/9* R=E<34S@%[GGQTW(+
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MXC%R@<HF/3'?!J(%(.)TW[5A5_HT5+JD5ZP<5,:W!LW./3JT&!!HE:%B4T#
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MJ,OZHKZ?DI6B[*?I.9M!_I'1-T0C!?L:H\;3/T?3MX9CIN>Y$3Q.T\EDZET
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M*P0!\6^I6ID.7/<K1QX47_F(PP[BV:Q$,2S=27@!E,:?P &':?ACB8[,>4H
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MYJ>,9\#U^I'7S]S _X\;N.M%P;%B]VW:,P 5V34G%7U+9 Y]6 @Q-I5^>@9
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MF^0R-IZ!]U&,M)3,3BR%:W!H?V?Y%ZE?7*O84JKS7-=E?8=?=)U?/1W_&/M
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M8XI(\\,$DZ6FMYCVE;&#$#5#$S=1C7M2RPD/BC(^K$<6%B2DP]JH'4\E$E;
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MW_7XYZ/GC-A#@'*\&\:V]?ZR(=2 D_C.N/8]IY<3CV);3R86-/*X],&]]+(
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MDJUU*E*!U2$Z'_\ 6P__V5!+ P04    "  R@3I9=+0\:Y!/  "Y6P  $P
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MVS@"TXJH*?G$-Z(G%$1;%Q>Q%Y5_286,O*)E3-/Z$02KA2AP_5"OO<\+QQ/
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M+RZYS_+?,SD91\N 8%*0!%N?" 3A%I@AF=5KT .+BCM02DGO=N3;-DG:%61
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M^7"1JWN:P^":(.0ECSB#BK6J]L&'M,3V)S#Q-$G-X\<LOOHJZUN<[]S6MZN
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M(SN$!,P7UC#Z/''JQ:28B:AM3>N?=.&W.%LFXI\;^,C6U".PV)$*]W'AY#P
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M<N@AB E^]S.]"B([.6PD'8*Z+!4.!,RO\1Z"DI('T&[KQ$ :^T%=ACIX^@B
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MC;XZL+N0.S2:M82_PU;-@'V[D['AHM_)5J).WKBJ#_B8R<E/=Y&U+Z%16A&
MZ4ULOZ\?:#S:4>E X$%\;&6XM&RR7#@W1$.VH133UMRL$M,V"OCX$F.X:MYD
MP>C\SV_R-QR%9X-D-WO(6%"U@?*AK+%G,C6!:SST+. /4B.N(;FY^*MG9W],
M6$AD"RD-\Q85I>")B?*KM(]+P%7Y+-[B7)/6\V*X0=AVI^_O12KN\32YX)3N
M4(K.]@9J&SI:B!^X(LA)=_S=J4]NR0V)U-4-*ALN5"X\1F#.?E\V8\DBWQ&*
MC#N"N1YJ%A-9\B:L6C(/T@H\XK.A++(=B%91Z%,0EEXPU92R?MA3%'MMV<9P
M9&0L;.W0,-D-)N/F.VR64#+\#-1E;=T2+LVO0R66;EU%]_$C*+6CI6IOF1,<
M8JI*AOVL:4K6W+.'C5EG/ 7Z1N=_4,KY<<*'D4A/;G<Z82G871"9$D0\IQ T
M$9^1;!<EF53_V678VCQ6:GEO^$\4X2BJ.F7RUI)*3JY+,0&QR#;$&/5.6;T(
M/AV<E97SL-+%:$]UF^#AZ%AY1QVK@JLZCUHA_I#R_45-NQW_[U_;_7_['Y@
M#_]/4$L#!!0    ( #*!.EGU7&4ZW4L  !A8   3    ;71N+3(P,C0P-S,Q
M7V<T+FIP9^R\9U138;<NNI!>-'00A$A15$ 4 94646DB(B)%6E1 FHB-'@BB
M]!(!!04E2$>$2%= 0D= I/<6 DJ71" L2#O+[YS][6_?\;5]QA[CWA]W,>8:
M0%86<[YSOL_[//-=@3G*) #\EPR,#0"6/2S 3>@+8/X"]NDY>]]V 5P Z&!A
M3@ 7@#TL?XX_YSU_#C;6/V=V-C96-@YV#HZ_&"<W%V2<'!Q<O%S</'\.Z#L^
M7AZ^/S_\N<G_?NL>=E96=AY.#DZ>__;!;  $N/;PLQ!8662!/0(LK (LS!8
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M\W/L_P,&YV+T,4[4_@F,4"@M10_;BBV4G)T)K0@GPQ,JKC\4LJL5D.^]<.:
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M:A<L>C?EGT+YK>@=H3DI,+/B-_WX=_G8Y0*<W,U:49>K9@H).1MKE2^)/7M
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M:Y+4FXQ>=*759WHQ&=.^?3JE[ZMCCWZ5KFEX?G[JGK>?VR4G'B4.Q0,A&,8
M@F2'#\7SI2TTHUDJC.L>%1F^D'CBY)5W<4I57NY;.F?9$:NU0RANZGFH:/29
M@"=RW#ROC%S=ROL6890NQX"@8=_/SAYWABB7WS?$2I&.OX\P8*[_GV8]!!%K
M_;P)JI];\\CYP4C&.?7?X<$0&V&[Z86O3GBF\]C!"#U??I43JESDT)]B#P2_
M(98/Y6)[#$O5R4/!D.[B9#T^ RINMYDS ;-Q/2;0J1R.\D+V!B!H,2<@Z(ID
M)&&.Y;?1S\<<P5T,_=-6S=?3'AXXU%W1?2#QH]N\@<S+)U\/)D2DZP/!V51(
M>C6B$(1L>.E\58T:7#2'O!UQ\%CQ+"YJ[Z'=#T[Q'R=3Q/@)]]_+GTS0O1!G
MO=*^>A+RX$A(,Z+R8E7&7G#H@4H37&121/]IRTCLX>0',FO2F2*6B+6:\YJ
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M);%#_F+_T<F090-$K:,9=&?6]HB15<ZV<7SBCYT0,\J+6@TGR0>UXNWB'V*
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M"U7ROM5JT!4,TV("^Y=]/PFI'6JZX'37AO_>KYR6DWNX[.L^:']REEO&CD]
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M8.$8A*R!5Z^OZL\B)DQFY19-YVU G)%U>M/X8"SC_35=-_F#SLV'@7NU1E;
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MW$>KOMZ1@]F)Z9N$%PX:4KV&5_;'&(DKK567OI1H69!?MK&_UWA>]HOOFKJ
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MM19&J_(8 ,?I!DD#DEW<CQ/ZVXDW5LV\$Z=61YJF!" >7E%8<71<=([*I.1
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M:/J@N=YCJW^16PQ_"A@K BR)9JY;$#'$ )@3([D774*>,HJ T7<J*QB R[M
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M,Z?-*W!>L6D,:F^I+: >FVJZ[431:JL=0A?@2O H!G"9XWY$(0,XB!Z4ZAC
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M_C,0\#?D;\C?D'\CY/U/_F.F;(6??-RL@ZK@*Q0K[-1;@RT5E@4D 2-$?\4
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M.?0N]GS>W#O,'=)J,]?=S_KLK"="V(#9$.A),K.5,W9OG",@X^9>;E6-W*\
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M+C'#C7;Y8. @$,5+]/QL2@1J#O03UNO74/6@1/4>D(<V-G42E]\*ND <M@Z
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M[$WB[7TW<\^;UC= X<LFR!K:_2>'(#&( ($O 74:>9;2OH'--TPOL_@P@W!
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MI:@3B-9$/K[O"0Y?M)QO>-2< >>YF_0N$A5+WFK^09.MT4EZL-ZJ9%BM0EJ
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MDO7T\XZM[ELUA:YON#0/IDR>FYW#]I0/JK6A7O[+AE@-*5[I'"USKR3W_RN
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MH!)*!6L+YX<[4O ?C4^%L/_>%NI+/1=*"6C'J[T].P8F34@4)W$*)<]CB$3
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MP-(8"Z<3H[:$Y_;E[-DP(9<A(__WO^91F/T_G?+Q+F UCJNEGV<&M!P]/D^
MZC3R',=+786=OA[6.-F7JI)E!<9([2R[^]U-MLL@4.:?Z'L><9[&+,<$1CG.
M(0K3!-(0IS"F(LTYHWEB5P7X^= SZX+@I^#_ H:<O37Q1/;3%I6_1&[S=2^,
M1T;<TR=J;0SY2^=G]5@\,B<3Y##_([;&DQL6,RH.,SJT'HY<X=GI0NN-S_LV
MQ&],L92VD$57BB8-A:11#"5'J9KU&88DXQ+F@@N,$":9#%<;<:TMR2M[,^$D
M8:MW#+?OV#/RUN_9GH.VX8WI?PMJ4U/H!PTS"&/7_A$G(;4S#:9!R*\(DY%_
M0!NTQ'=M%J;NHF KZE1]#T[26[93@:WXSWH+6-_HIQT^[PHKO2;UC3(S] ]M
M7MR3M3YM>?C3;G%)0AGD5"801U1M+*C2&83F 41YHC88)$DC;%6G8@IF9C8P
M-$UC/)M?!M0]4UC.PMU.NRR%IIOB.0-(9Z4S!0(3Z:.S6%E454T!VE,M-LF8
M[KN;#Y\_O2_)IC_]PQ4<2B-!(G"LM%420ZPS\J(X0SQCE 2Y56N_9R//K'H4
M+:")V>\!'LM]>F/C+8W;U.\%\=C5/);(?E/C+9G?GN;DHW+:T1QD?F1#\_CZ
MQ?8S!]D<;F<.7^";>]L[4']13+PN-TVQV2J+Z./.*_Y*R+(2[757Y)N)V2OU
M4[ 50E&4\#""B33=+\(0YC3', FS((P("](X=,O!]>9E9I7QN*F$"1WLV0-[
M_@ U#/81&</B!>B9=$W*]7\R=@;-0GB[*;69H?;(UCT;I,FR=OTY63A[]VS(
MGF?QGC^DI[N'W0B^78N/\BVI= VT6FT6^ZJG!5-6UIMBO=6N%-UC9I^T&N<1
MY2S",$");J44IS#G.(,\3L,TRG$6BMQ%.7KR,;-B_+*]O275 _@HU?YCS;9M
M!0WP<0,,5T"Q!3J^P-M/7QS=0I[06SJ+Y@?4T874,:2]:CU+VGW4]O6\Z! E
M T1_-ZS-4Z[F3'BF<CMY<K&L,^H\J)ZYJ,X<;H:6"U](5?_-5 [O2S:O4I2D
M"<K4[B^+$41(ISF+-(>YQ(3E J6QE+V3^_3^SX,##V^WFVXS+4653=&53-?]
M#DPN23UEDX,#R)[>7\Z%UGSM![Y<?JY!R]&^U<"\,$[8$. \./V3F#9;O<,S
MM7),>('<W55"9R!I>"M=,UV]GJ9V3_>.#@KW5^*NK,QQE&5+^!_'ZIQZ_ =&
M_7Z*ZQ\7V:E2_L@PGJ:K;Q]E\X]F91<:"5<XX1@E6$!*(Z/O4T@5D) F210%
M/&48.1VXG9*YN8U<,_FHT7!LJ.&(9L7,O?T\<S1QIWQ$EG;O"P'OL:J<U_/>
M_  =PZ>6G.7:V(_ ^-(]Z@^Q]L_1@'X$U,FZRX_1\%/0']5"77U0T)#ZIO5<
MK+((B22G,0PBDD 4*-N:)FF@VY(11"2B"(=V9O5Q(K-;SH:D[C8$-5%M.6NR
M/_9U^QP2^$>0LM-VGM)[Z:Q6[(Y8YYB<3N$<EV0BM7& P**3_[B 3Z?PR)4>
MF]^O15V_+C=2\,Z7: X)AUULC&0195E (*,ZR$$XAT3F"4S#,"-YS%$06 4Y
M3I.:VXK1Q,$CZ@X;L'&0++:LDXGN:$<\E[H]GQ]Z1$U/H."PXYP,#;_-Y7%4
M)MHE6LDWMB$<'V"YO9^5((^V>79W>.BI;26:AU?EAM<?MTW=D(TNN[N22&:2
M!#ED.MB >,!A'J,$2AZ2-$ H")GU\;_#)&8/(6BBP% % [(.T_(P,A9*Z6QY
M'9717*(Z:)ZS1?;4.*ZBN^F;4:G&],SA&Y?3+Z.,/](KXU>ZZY,3)]YI@*0,
M\QBR1!D_* \32)*8P$3]S5E$@T1B6[WRHC43'E7R!)K\!>@9 *Z5 LZNF/!2
MY1*61,%>&[UTI81S4'%24&?72?A>BB2X5TB8I3Q"OQ-\4]P77"B=V-47HK',
M(D$9#(DNKL9U17I$*.0Y)6F(L20\<?%2/QE_9E6UH^:9!/\4#3L7R1DRNND@
M!_&<O2-'A)C(-?)T]$7](D=$>^H4.7:99^RHN-X4LF!DTUPRIF>J]GKJQCC%
ML#1?AADCNOD#00Q!Q ()<4)3-=\(2N*<YUGN=!3>CNQ"24VE! -^P)XAT'/D
M&.RQP]0RC#,Y4HY[F7%D9JI^Z";U5/$4.Z++1DJ<@'@6 W&[^\RNZ^\V=VK'
M\E[<BW7O*F,RBQ.=$XF):2H:<IBSG$%&,:$I27E*G4ZZC=":65D84L#5FVB#
MD9T>F$ARM\F_;[!^ 5JZ%\ :"/\>Z\=%G+K%^@%*+]-A_;C(1QNLC]SB:60+
M*72;L"ORK2V:;*I"A2(4N420(:HL[8P*B+.0PC ()0U(FHJ<KIJR(6M+2_L
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MR7(8)#R *!(A),JFAT0DDF:,D(18YAS:$9Q]U]1JB[4V7,TQI?6>"_LCBA;
M93E3P#%=8SC%$&6QA#1,)(PYB5&<!+FTJ_<U/6P>J_^5/AD!RH6@&U] IP?$
M;:5K7R!-')B=SW#=VM.?%!#[XZ[3 N-WW/4UJ:H''<@BIFXE("9@JSMM=8<@
M0'TC1 .XKB2JOMGL> ,E71?77=?:KS<%NP&Z8YINAJ$[N.N#=%3=+9IFK8T&
MV6CGYT:8Y%_P@TX.UJW RNI6OZQMOU/%!GM@:W$!"FE>75']^)-.:UUON7I@
MO*_E4HE[L=%%FK8;2>[+RI@I:Y/Z.F1*VQM/IP%AK-JJ(0;38:(68O9/<^0P
MK\4@BQWFM1=H>)C7X2ZW-9"+8O56+<K-PQ?URJS[Y7N5R#!-XUC F 2F@Q>'
M5#?T$B3C*(I1)@.K -*1\>=. #,4@2$)>IIV^N@8(.,:>0(QW52PFX364^Z$
M' >,\EJPGZ[+^Y_5G:T]KG[9F^''QEMDNIT0II]?IR[S+&A8;(I&O"_N=8>^
M1CVZ8F_TWNIFB_]C]&EGSVK?T2_J6:^BG(04Z2.P'"<0I4D \S!,(4$Y3DA*
MDX0[=8+V8V/FZ=DR!0U78,]6NX&],#M;L]@-.>S\J9H[QZJ)?@_"SH4Q/[QN
M:F$N9-W+,)X%S%05&OV86+9XXUE /:OK>-YH[K;#>_4FK#_=*!.TC8*N,,EQ
MA*EN8*\+'0494AME72,N%CC%,HBQW5F30X//K)8,.6#H=7D%]B;#,QQ.VPOG
M2.<:H[(6S,E2.":!EYGP;+#%;(1C8@P-A*/7>%0+*S9Z"VA*D/%V;KXGCW/+
M5B+E/"<B@T&29&KN$ )SFL4PHBCE#!&,.+;W.5E0G-WIM/..&Y=?>W;K GQ2
M5]_H'>:GJE"[8ETQE'6+TONG69 .Y;,L$&89(ED>J!U-P"*EISB&A&<)%!&/
M8Q*'1 JK#<X,^/HDR ^+"_)=K&!F#$][J29&QMD8,KZ694%Q*,PV+3A^KBJ3
MQMKYJ2Y&'547^JNU!F^8G@UNQ)J;7#OU&=^R1MD>8*MF]':CU"%@W8OYS(_T
M$[BZ*6H@OG5N*#/P;JR:K-O(%EDW76<\4T3*7-6ZQ3HF:E H)N[*1H<6%"%]
MMR+_$_A5;-2=Z_4#4$M 7;2-G94$RCZZ55R3>_WWNK@M&N.X4B-=@'JK_6TU
M^$K6?WPE#^H37JEOVE^E4'BHGYJ%.U+]8>XOF_ZV1Z!HGQT7=Y5@A:XJ!M07
MK6M.L2:WZY9>#W6]I?]09GE73GHBQYG#RS56!L]BE.7JX-F+]*@0GL-MYU7"
M^Z6L/HN[;DG[*-OC7I>T;BK"FE6$4$9H@*'4O0Q0GE)(8AY!GJ>"<12'8>:T
MM;>B.O.ZLROPIJ?=G@O]9G=G$'_O.7$\I&6'J=TN?7*DW-:A24#RKH-G)?3$
M=?#&:;Y('3PK&([5P;.[V4]Y]+4BWHCVY[M-UV6E_BR8*.YU&&;%,\F"C 80
MX5"7<5 ;:B*9@"$+(BH"'H9"N'5ZMR%K-27.Z?U^51$N0+4C6'L4D;/"STY/
M3(:)9]?%KM#,#SW]'W4]T9X%L.=A.B7A(O%$.L**Y*(JP@6$IQK"Z5[O2,+.
M?NE#?P^]9GJS;;UXRIY<R20@ 9,(IA'22?\BA3F3'(HLY#0/TSQ'3B4<; G/
M'RW8;^,N=LD&#Q==,/P3*7COPU;<.$<'[,"UC@=,#MD9F]XST/+Q^#N)/IV/
MWX[LTEY])S .^/'=[G=3+775K+XPL2%54>HZX8S4?0&$C"DEP@F'+-*>1R9C
MB&G.(4;*T&!!CK/82HD<)S&WNNB(.1:'&(%D?.I/(ZCC)+>6T7H:GQ9C;,*J
MNP>35?VUGZ@C R\R)4\+UD\^BRL]B[24M[?EQAQ&WC5>_20J<UY0&0YK]8.O
M*!<XTN7Q@R S'4(DI"1+890F*241EIPZ=2.V(3J[5[J^ 7S7R)=W5,&=J-H3
MUHYU6VQ@%")-LB!A,,:"0R08AU2C2F26!(@E692$;B<?IP;2*WQR$DIS;)V7
M:_5QO?_4\02[%<)VEM#4J+DIR)8Z,.0OP(Z!"UVOLSTIKC[MN)BP;HZ#S%,5
MT+$AN6PE'0<0GI74<;G73Q>_E5*8(,4[T\?QBGS3O>;U&84-4U:6"34</@G^
M]AL3=;VO\JD88SHU.0A)$(8X@9+%3"EN93&1-,]@DB'"(Y'1+')J:STYAS-K
M>?.XX/,B&VZJ9_KG8J>G7A1M-Z6V8Q6TO)JJPYI;\)C="_-%?S[LAXZ]'R\.
MU]'8US<PVI&-9>X[:\39T)U(?4[/WZ*Z=C9XGRKF^0BYY\^8B/73[+:W)HY<
M;*[W[3,BQ'.<"RA3D4*4I0AB$@B82QDAB041W"H1S9[DS'JV/8%T;>+UQ3ZU
MDSB<"G: ;UQ[S@.*FSIL,Q>>)KG68,<".-FKPQ<<^QR/Z4$Z)\WC++"<T@_<
MY![)0+ <:+$D!#?!AGD(CG?ZF;<?^S-?CUV'@Y-T(F$A#D(* YZGNM1#"HG(
M)>1)@F2<(18CIW(U)RG.K!9W]+L<H\$9M*XC%W+<!9_&T,ZTG!09-]VX!^5Y
M',#BA*:SG6<MZD1VVVEZB]IAUN(_M:OL;_13!Y]%W52%/O*A'4B7&_-#IR_<
MD[4.)5PV_5'5OY'U5JP8#T00!@A&,>):.020!BR',<EYR@AA+'':RSK2GUE5
M[+D!3/'AIA5<H;33$3,"Y*8Q!M@87Z/.<C2_#)C9%2.93G%XRC^1&G&EOJA2
M\83FJ8KQ'<:S6F&Q$1]EVV#X%\*,-GNW4:NQ,5??J$UCN$(A%9*I_1B/< Y1
MD%!E@; $TA3%@F/UE-P2(2UHSJQ8- <ZG:_E ?1,Z.91/1M \^%80\\"2SLM
M,S%";IKE;'#<Z^39BSM563P+BLM6P;.'X%G1.X=;_93$FSXS7N^>68!9@*B$
M01!@B%(D8)[&.4Q#RC'"$2%QY!:P&PX_>V!N2,R4Z=C4CM/\$1I<[\'")(,T
M(@E$1$%"@SA6NS.<Q&$6R8 [Y7#Y8N&A!(>DSD# 3J/YRN6FNJQ$<E9/AWB?
M2 \]&GI1A7-(J*>:Y> UOBJ$-N\VRK(QOK /Y%:\*6])L5D1'J T0Y$N5\+T
MR<D<8H$IS%D:*W,CC"@+W";084*S3R;:@#U=M6M7E,'O+6W'HQ1'L;*=:N<C
MX#KMO(3WF(CCDDTV*8^067B"C@O[?+*>N-[WN,.]&JZL'CX+LGY;Z]98*RYT
M)U_"8(AP#)'D#)*4Q%"D-!9I&F.2.;DD#]"8W;- UD 82D\.,:J?A6*G;MQ[
M41Z"RF[*G@F VVS=$=/%3A4,+;TISR@<%6:R(PG/*2Q\ N&HB,\/'!R_U#L[
M<=_M8,,_BZ:H3#[ FZ)FZ[+>5F)WWB[7JRM.(TB2#$$4AADD/(D@$H2&(@]"
M1MQ:RMG3GGT&]Z1!W\77^^RB"Z)V$WHFG%Q=A%X0^:31N0H[73:=->6ED^I<
M(3F06^<\A$=R1A?&O&1L>[M=ZR.!P\)#*Q'(,$S26.<VZZ) :FN+HYS#+ ]C
M%F4HD4%F=Y#1@IK55#CG_.* KBZAL"/LD'!P J]Q]3 5!G[Y%QUA,$3A<A84
M'/(MID/#+]'BZD: CK3.U.L*P);RT?L!*M'"U93@NN-XHKH/E@",95R<&&&Y
M5 L[41[E6%C>,H73X:^;;2WXJ[*JRJ_%YOHUN2.L:!Y^$6(5IP@E(<Y@IG8T
MN@@:A5CI.K6K"1"6.(XP#OV=$,<)+^V4:#D!.U9 S\L%4-R<XZ48 =?':S$-
M9&=Z,3S1.M.M<5KT6=P<(V1?T.UQ&HQQ-XC%_>XVT\G&<U](59M6<O6[S2=1
M%25?!5B0+,(4IH0H.THB?<PIB:&.#^ L3T6(K>($GO1G5C2FK5Y]T3;D5%/&
MN26G+ZRGS:V9P7)3,889<**!YI?+SW7;"%,G@(*6IWEAM+?79H;3WX;;[!J+
M7K?0W>I2)7Q;:<6MJW;=&6:  KLV76;)W2 06!77-Y.5\CH#HQ$SSV?4Q4R_
M,T0>FH/G#.-=S:>\%5^T6TZ/_[XK9WGYK:A744AS'"$*::C^0;E,]"XX@BP(
M!<$\P(0Z-6X?H36S?O[";@3?KML25K=WZ_)!"/!%5/>ZB&=[RH@^4TH7@_*>
M^L9!9ZP6>G5UK9/,Z(.NDJ6L=O!>IX[\K@5R],"-/0:>IWG()8,TU?TZ98J4
M79X$:H:$22@S&LK<LI_/Q _"*_^@.PJV(PYZZI/C9AMZF 0+UQ"$)P@^!9-.
MB3==G:2CE)8NCW1*Y -5D4[>XJ=?>\WS43XVS.LK\:UYI=C^8Y6CC&92ET'"
M20H12PBD 563G#(6I3QGW.[@ESW)I;3M1PD>MYMU[$]_&CN[.3XM(HXF[V#I
M>0S&8*]=@]^O3/LBS1 P'$VH ^S%GZJ?^VF"RW9FMP;@68]U^SO=]]%7RI!3
MX[=C=RDND>21X&$$4Z0#EDF"(<UH#%F&:!I$22!"ZS+?!\:?>>9W%/6[;MYP
MM_R?8YB<WN2>*:G;C)Y'2/LMZ)G">FXQ'PL]S49Q1)*1C>"ANQ;;Z(VP/-S(
MC5TVC2^_"\\(KL.A.F;SJ1*WQ?;V<L/-I76]U179S!;E@VA648QI'D<9E"Q2
MBB7/$XAC$:E]#Q-9(H.4!4Z'&,[D9WG/_XY!T',(?NAX_-&<'FKOZ?CL]W8?
M7,N[GON<_*(%,Z)_=A!A>N#/CC!XPC53X,&5FQ>-1WA"=RI,X3NLGS+M'#N"
M'ZL!8HY%*#H?Y17YMF(B3/(D#F"4IA%$(>&0HB2&"6=1E$4\31*Y:G2Y"SO=
MZ4;>257NF+">L8I,ZQ$^4!+)[X"(([IV&F\^S#Q"&&,UB3I.+KIFMXJ9Z?28
M'P@3J2U'XHMJ*3]@GBHESU'\=-#?A8ZY"'YY+RIRW;7I>E.LMSW]^N.VJ1NU
M0!:;ZTO^CVV;DKT*4H4/0Q'D,1(0"1XH0XX%$"&EBY*$I#D3;NY@3TYF=Q6W
M19STEH-K9G1Z4BW8MC*U,B[:#WV"K><^ 3N%M0"J;IJK9PAT''6M]32^+3]@
MP) N0FE8O0![WJ939&>",Y%&\^5B4=5V)E1/==RYPYWK!N_[Z@W:ZM6O'@9_
M[9V[F60\S0B%)&%,;5F)@ 3Q'(8)HA@31$6 _1SC]DPL&)@\U'&PC2X./O#U
MH#O [NI3GP=,?R^[%8X+.=S=L9G<!>_ P@LYY=U!.NZF]QC+\Q32P>(DG\IU
MP1[V<TGD$<6YTEDTH00BGDCUFS+;!&(9HVF0Q9E38JT5U9EUUM%R.XZ'CJP
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MV*DR$WIY 4%BWY27ZLUSJC+3,K.[;:T>PG"5N!V*T 1#RLKY]0OP$L%01)
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M38,=RUQEG'/M\TFA(UTI8!$A#)-,%!$1J>"\@_V]CM=_1M [O:PA?V]"V]<
MV^X+L!A\;M\$(TB'J_J_H"?O!AQ5 <TE)HA]\<O^'>$^&$& "O0)F:;+HA^5
M(+"]_,R$&31XUL?MD7&S7R"[XB2B@L48\ACKKXT4&!(E<\B*5*_X!2^0X%UW
M9CNGYZZ$U50][<KLYN=Z<@'M"0Z6%W(-73L_-Q-BL^2/]*&\M8$R9%+)"!KS
M)YI<4^!G23X9 <@A(65LI&!UOU_E(S4IN^L?7R3?WFW*_Y+BVX[J]3^O<^2.
M?87>E15?;RM#"-S+XGZ[/?#;B!7%44%4D4$:$PH12R5D.<M@CI2()<4Y14XE
M8C/K._-B_W*-Z=$ <+0 ]$VXZ3<!ZUEQ6I]J#.EV[QR#Q[E? SNW^Q,]7#<?
M_3,\UQ!UQ'.@/5]5<5!M7[O&> [H+2J.9Q$[VZ&8#M/E[ED:+O!ZJXBN3YO]
MK&A>H#S/"QA'AG2"Y1$DL<IADF5I(;A 6>+4DR> 3C-_4AS.<SI-ZV5PI^O-
M::.JX"=HHX\LV%%:R <QVYG:I&<PQ_&:+6K+G;.-:O2S';C90NAQ\F8]] *4
M#]^W*X1Y&DDD89Y'&**(4DB4H%!)GL0L0IF*W1BJW>3/[$H]Z!Z^;V<G>]"P
MV[G(&<%T<X=^1 _?MZ]$\W"$XC5('K3TGY?BX0C-)(*'WC"^H2';?]B8+D!F
MW",)E1 II@PIB 4V9)XIA13''&*2R)PBSG+L&.Y=E#-[",?VX"CVI,+V&'6[
M1F:7$;.-MB;CX!I!38+ (S :-#!8L'-9RL(!S*"IYT')\.6>9 S\7HJGM33T
MG^9L_TW==>QPSO]._T^U+[D.<W[3OR_O-G7;UF,)1D)I0I*"0!KS""(51Y!%
MF,*T*'*N",6Y6^7+1'UF=@B==@V-;9W8TK9I.Z:YZ!BD5;)>2K1JMGV&_8MC
MICXH._^R(/QN?F@9Y-T)#\+@%8K'8*(VR](3A('NC'4@T+">\5#Y7 JY$>\D
M7U.]6OQ#FC;TJ[10M$AC!;-418:)1GM)I12,TXCP7,4Y)E:U-\-BYHZ&6J&@
MD^H8^%R&QC+NF6RP8]CSTE;P9R,RH.\8MBE4I'-9R+*!SJ"A9W'.\-6^*<W/
M>MJ;P*GQ!!V-R"K.J2HDQC C"D/$,8=%J@3$.JS).2)%FC*WJHUKHEQ>5J^:
MC*-@TXO5?!,/]1@>U!Y7$<MH:O:4&.0%2B&*!#7)WADLHB)6*>5)%B==&LPW
ME\3O";"=9KQ\\TGV/F#7B#]VYPD$FYV?"_'RN'DZ'\L]TK2'S0J6DWU%S,()
MV,/&GF=;CUSO7<6A!_M]6U6_:16;S>FG<G/7;@UM-]6+T$A6;42TRI5"0D41
M+%2JG6*:";VHT]$+EX1G.GB)&7?J.N:ORLPA3;MV^,6H]BLPCQ(<M0-']<[7
M&O4F=*.C<_6'[V.Q=2%+@.WJ9.;$V:=J9")$X8I(?!59NJ9D(F 72DRFCNCG
M%O])=Z59\=4;XR9)8I4*(G2DAR%+XD0'-!S! L4IS'0TB&."(I2E+M[N3,+,
M3JR3UQWF&)%N/ND<$SM7,\E2-P_B9*2S0[AJ2*!Y?C[^HM/WJGDO9^7U"_TF
MV^DQ5/UF13G.8\DCR..<Z=B",].5((.*I 7&AI@W=FKS=BYBV<-HG_EV 1:[
M"3?-6+<9YV:G\Y2[;DJ@.7=!P**3[KJ!+V?=P)6>H?_#(RUW9D7Q:?>NK!ZW
M%5U_4J:Y<9W WN2TO"338OJCAQ(901&9DQQ"8T@(XE!A%:<"42$RIY,<'R5F
MGKIU#^]U7:_ATX71"U;+H'UFL!S#]8,V^K4#G3YUFR6#X.\]!)=A+9L"3ZA0
MW4>%98/T"2"=A>=3QO(\B:;K.IWN_5^\K$S$WU:8OWW:[63-\VBZ+#7_6*&(
M1B@6&8PD+B 2*H-$8 FE3-.4220CYD0[X2)\[C-FHTI#05HK4^>K>A%-."%J
MYZ?FPLG-/WE!Y'ZVZV%KJ(-<%]'+GMIZ@')V1.LSAB>_Q/;A8;OYNM?NJ>::
MKSY4U9.I?F.93(I$0*P,JSM+F"%L+2!!HF 4D0Q'3L'.%3DSNXI&*JB,V!M0
MU8)!64MVI"BX I.=4PA@O-O\;^W^VMC=R+P!'X8-=Z<*&#8K% G %2G+EO</
MFWI6N#]R^=14-#W]S9&([%7_U\+^L2E-N>V^?"[W/U[D-^5<\3217,<!*(8H
MH0A2FB ]K5.4Y;+(T\RIGG62-DNEH7U2S=L/+O2-Z=%IU.J"6E_0*>R;?>;S
M;"QCBZ40=PPV>IEG!\7&T%THZ6P"4,%3SGQT>:6$LPFP74\WFS+HPHW4#(W*
M_L<QF;CZ9))$3$O;3TVWG7_6AGS8?*[ICE898TJD%,,"95BOMG ."RHC**GD
M1(=-A$78+4EF*=5G3[II)C^KW6^?"_4&[(X>HHW,6M?Q2[EI?_/K0CW77)^W
MI;_^"9^AHVN?WG.ML:57(5&!VIJF%_FGK@5;8Y&I3/L\S""V7,LUSZ?PVBW7
M7-7^[]%RS?-A!&NYYBL_&+?-6RVC%.W9?\UST)3;QJN41H(D0D%&6 I1H02D
M*F4P%R*+,%(DR9URIUV$SQS'7V8G.=$&]-29S!QS'60[CS\7=&Y>.Q1J(7A9
M1LV?CV3ENNC79DP9!<6"_F1\C! %JV]-S+[;&RZOMW2W^U%N[FX?3*N!3^K;
MO6R<HO&DVXW9(L]2AB.<4L@Q*R"*HA@R%4N82*6]$,IQC)SZ"4_096;'=%;U
MV5/.\'DVZH%&/[,P;L.@@WY3:F+='HJ=YUH(:C='-A_*$\MNO?"9I33739-7
M+-_U@FRXQ-=O2.^6F%Q*42=CFN.9/^C^::?'O]WH2'*]E@WGE*FIZW+5JU5<
M")46A80IQ[$.S*)<NT/]SR)7F:!1EN9IXM@CTU6'F=U@IX&9>]7]=K>'>I '
M(.3CMG)N:N(#L9USFQDX-Z?6*=-D>1MU;L !1W-D>U2IJ>4]Z!2TMZ8O(.&:
M;3IKL'3W35^(+K3C]![*]U1WL]]1OO]7N;]_^U3MMP]R=^ X:4^15SE/,Q4C
M!--8:/<D,@ZI_@4L2)PD!98RXDX4)#9"9S_O;50 W[4.H%/BA+ZG5<3U^-<"
M3]NSX+ HN1X,3P;(XYC8WN)@9\86(A<^0+8'X?PTV>%>3SJU[>;NF_YTFP#+
MN"7Z6.[INDZW_<36Y5U3<=*]Z8H5:22S&*J:O,CP%A6I9(;H/4)()GE.G-9Y
M3M*72(%MHQB]^A!/LIXKI?X8;R3X80B_?OFXW4N '0\GW""V<R:S >?F56K,
MC!Z@7K'5/2'K3D=')6;P*U[&AR)*<Y*]+$V:#RQG)&E>@TQ-:[F\]5Z?(':[
M['3]U&S95]730_.[%[D4-$ZE9()"3K5?0EF10XH)@21#*H\XR[/4*:P)J][/
MD/ART!+\L15R[9OH$N1IN6:^+/T,_%-A!LY$FS/QX]GGX7GT5%XH028DGL$S
M9H(H]THI-"&!O9Y3$U2*F_L6LEQ]E;Q>R;[_B]^;$]2/]$&N\J0H\BB6D*!"
M090G>EV9R@*B)$418KG^N[!QP-<$S.U"6Y&@DPF,4#LG>16383<7PE)'1^5F
MI+6#&;/D@HNH)/_;W?;Y?^A;&^^@?S@ZA:L#+C*MQ\SI)N;H==-792L5<QV\
M%!QF1.BX1G(!68(SF.68XX+G$J'(=]&UV)K*"/-?-JU(+!A7/-.Q'=:N):,(
M$IS$4,01I9ED3""^VF]-J#HO!@<1RV/@OC)<:N$WS])NQI7;ZRW,;-9=LR2_
M-E&!7M)]T#IO]N6S_*R?:%NIN"HXC103$HHLB?2G6\^T(L\4S#.:D$BFDL1N
M-0+N.LS]=3>AT86,QA")IL/86JYTYD7,,4JXM(3I97[.6M(\ 8E94S"'-?@)
MLBFM(+)+C+0;RLT_/>PWJSIY\L#JT'8,J1HYVP=YRZIZPWM%<<I3A 6D.M2!
MB&48,LHCF!490ZK(19%8^2,'F3/[GR;W>7N@#OE%-HK\VE)2_D\[1^0"XK#C
MF0D:-T?3H'(D5.E4 %J'CNOLSTX-2UYP%XC$EM<9)4VGU86A.A'N_2+)#C*S
M^][1F[;:_&VZ5_:PO?'"^D;C65&4IW'M75U&6L2;>IC6>4^?6]V]Y6C2^E>Z
MJP[55?^2Y=V]:;7ZK%6ZDW_75^W?T;T\=M+@-$9$H @R[4"U5^4<%EQ&D JA
M\BA)E"Q4VY[^ZY[N]N.^-;"&+K/GI9[6$ZC3 M)&#7!G](!"*P*4Z>'Q;%2Y
M =NG?;77D\I,,B;ORLVF_HGJP;BL:Y7$=KW6]@&M2E.W9'DR.,>SC76(7C N
MH4*&F31+%"02$<B9R%&<\S3-XO;9OM^,=.'^*9YLI^6LSU6VC_<G?:CC7_!7
M?$P>2XI+AU+]=<77VR]5KY2X4Q>T^H):86 T[G7;>;W'8Q\]O.)C\HLROMU+
M\+V#OYM0QUEDSKDVA^=4TVP ^OBXD[QLGNK.W%H!M=V![_<EOP?Z8PGDP^-Z
M^T//J[("O.L)N%__ -OF:%D/M=\V-!U -AG=9:]\4/^-;KI!M'KW6W!/*ZW'
M'OR0>V PK51I])&[YU)/9[XK=:1>4K"17%85W?TP8]Q1/<OWY7XMS;^,7D\;
M_3U>URGE;4&J5OO)5"<'"J!F>OP#@59HB8L%9#-!U0_<YA+A'N!]T1-PMV_[
M?12<BBC!*4QS59C\A106.*,0$TDXXT+DN+!=\_8'GGEAVX@:[P(R;/SXE\[7
M)+?/5!AK[#\,OE;Y>75;ZYR<VR43!CS3R>6+N95+2O9]PL6_3S^\:S.^2UE]
MD8]MB\E/ZO-.K]/+1[K^L#'-)G_3CVN%DYC@3"(HZJ3L/":01E)"%"E4X(A'
M,BG<F"2\]'!Y![UH(4Y/CHX5$&U/5:.#_QF9/=Q)%J.\*#*H1*P@$AQ#0@L&
M4Q)'A-(DB53N>Z@Z"]@>GME,O26P=#^8G 6A*2>8;N_AI&--9]MG./^TU^'5
M#DJ=81HZ474?S,_UWW+]57Y:FY5,O3MHXLN=O-<A9ODLCXT=/DI3J4C_6I%8
M)820#,8%1Q"A1#O]0ABB:2%PQB1/HM3-Z3MJ,+N[[^G3--RJN8 .&H&U5L;-
M1[EB;.>=9L3-S2_U 6NV^D]4Z0Y%FH8Q-T K9-;B6J5PWLH3BT!^RE7ZHA[*
M$YJ7OLEW&%]FAUWY3/?UT(?=E-N-^%]2W)G2Z8:!33O'8]OJ'OD]P87)GH=Y
M0G,=C68Q)"I.H42<1+&*$,JI&[6#OS(SQTM'U4Y8J\RY6JL=.*K7Z_$-_O3N
M73SIT=AYMJ4 =W-S\V+MP?(P':1@- \35%F8YV$Z:.=$#P'&G,[TT"8]F<Y:
MM8/^K=Q0'2OV%5@5!<Z$.6Q349)!I%+3ZCU/H,!**I)+H1CR97FPD+](OHKJ
MY )Z$.S1,M456CO/-B-@;L[LE-GAETX7<_KQ:QO$'?3IN;5Y:!T<D)B!TL%&
M^JO1.3A ,T3EX#*,FRNJ=OO5'_2O\N'IH=U)5D7,30(NC.J*:\48I$0HF&"L
M<,2TUV%6#4?/1I[9?;2R'#?2S^T?]@23K'*;X]8&64_>J\H/34M]4V]*ZG\=
MI^/Y>(M,M*MF=%/H^@7>G2M>+I8.B_TXTQ,FS3!,XRR%*$T8)"+-H%0L27%>
M1%D>N=2)#,ARFD#N92.GJ_XNKV^_WY7L:5\7B.ZWX)^T7(/FZ,*T>=CPZ^?5
MSE R*41",=,O&*M+;F)8("$@*5B<11F+H]2JFB\TE%[-0,Z@#(>37:P2R'HW
MGV6Y<W0#;E^\5Y]I:":84>O#-0VY*FGIQB%C)E]H'C)ZBV>WT39,*?>R[E+V
M8;/7[XGASVOZE?U]I]^)5:*0=H\T@USE2,<:B8)%$IOT^T@F*,(%YTYG8E92
M%UG&-$JT[?F.:APZ]=6:.'8JM8+4SCD$!\K-383 R+W+J8O-H1J?6LE<MA>J
M"PQG[5&=;O9S'>_;=+NO34[=Y=RI0[)4S4)0?3/A3O_OIG/KQ^W^?\O]%\FW
M=YOROZ18D11%$:8*$D8H1)$@4*]G$,2*R43$2A7"B4QJ-DUG=E&U#N!ILSL(
M/.F7T15XN+FG^1Z;G4O[*1Z&FQL<*7J\Z24FMW0N1C_]VR;]]*CB34M,',Y9
MSHYF( <[GYZ+.N79X7[IR.<7Z)Z;^O?M6G6;4!FGLD@(C#*9Z'"P,#Y;(IB2
M0@C)<4RQ%0/%Z; SNU4CR#Y]LV?ML(/SM\'-&QD9'FFH/3OLDU#][/%+0;6S
MRRD!]5S]@?33WL6+)9^>*]A//;WP5W="IG?MP_BF;UT19O(750ISF7,=67$.
MF<@8S,U$SBA+B]2J,<S+@><^?V]% 2/+GG?IQ/3AR3O%(+?I:V>+$[W2)<6]
M:)5.!EJ,3NF2^GT:I8M_]RFI:!/\/JGW;[)W\EFNMX_FWX:[M5HE*2-%RB,H
M.-*?LIQ@0WN-(2:*)#RA5$FTVLBZ&.F;;:W%D$2K5XPTK]B97.O7[:!#W0SC
M#<Q 3P]0*^)2RC (X?CW,0 BGL4;RZ'@4N(1"@W?H@]_5!P+06P,'2P-&1Q@
MP6(1&T-.RT>L[O#;@OG[=BN^E^OU+?_/IW(GQ;NG7;FY:SM2YE(4'+-<!^,I
M@2@EB6D'%\.<Q@I1EI,(.?4:&1(V>\3>B-;KYU8X:*2/M89T1XWE3'$:,QAA
MJE$3:02+5$20DX@227.,8\>^K:%P\\RRUD*KTIW/:A DNYV>4(:[+H\\WQ7G
MO1<;^P)MGPR*6G0'Q,;HEYL85O>X!W2_;^O,OY=$*^TB-Q<Q(R).8(PC!1&F
M&)*8().M3#)"L9[45NG)HY)F]GVM[',J)(\]@&'$QL.W8#BX3>GE(+"/W8)!
MX1>Z784D3,!F9=U O#9\_V+AFI49_6C-[@9?]LWM;F_JSNJ>"69/=I4QC&DD
M,HA1GD.$F [14!;!1)$XPU0JO1YU(]=\*6)FY_3UV.&M%MF<?+@R9Y[A8A=?
M3+/6S04UAGZS-=2#VO*:+<&8*\\$+$Q,><W <][)JU?Z33RS;_1)W8IM35W9
M<6I$-),<8TBC@D)$E9YZ.&&04A$C&:,,NR6Q71(R\^2[Y=P<)AKG_]705IFS
M'_"/QYK6ZL]WVP=:;AR+CBXB93<9I]KO-ATGF>X\.8=L"S0]+XI8=((.&?ER
MB@Y>.[7ES]N:*__#YOB,WU?[\D$_VKI)Q2K72_0L*O1'4Z;*[&M(2.,"0Q2S
M(BMB2CBQ2GQWECSWM[37*:;1!)0;T'O3.V7:/C".<]L>8,NO[QRP.7Z4@R$V
MH5V.I?7!.^&,R7VE)C>6<%SO7V,[@/M)Z'L]VO['K1#ZE:K:__F]W,AXA9 4
M11$+F#-I^IZF%!)*(QASA:,B4BIF5GL%@U)F=A^-7-!*O.E^ $8V^+1Q.#:]
MCM.P9PAFO9L7\#;<Z8QUU#"O ]?KHRYV^CIJ6/\H=OQB#R[C[V55O=UNE!3U
MJGN[J0/_M T_*4$D03I03S!/(2(1@X2I"+*4,E+D*HUCZQ2C85%S?]^-<' B
MO5E+)H[1N@5HXUMYX:!P_&9?0R'UV,P;0<&!A348&G[;>==1"40S:F7?$&OH
M\ #+D8!:&7+"Z6EWQ^R,?K=*^XR:3:I\EH8\)5$HQS!5D=2+F+2 !18%9)Q'
M2C*D>,IF8ID[463VPXMK7&K4:-$RJFD]9F.C.X4]I5'!L$I@(0O3?C!1D"E*
MH"HB&F4%CE@\'Y>B-_!>)[_?[N5.UB@OA*W=LG$)O%Q/EZ:^HW.R_ET$87GB
MOU,U?E;NOXM@3:#_NSR>WZ?BP^99C[[=_6A:)1W)FO*8QUG*&,PE$?I3@+5/
MB@L!J: I00DIJ' JKKPF:&97WXD=HB]Q \;.H80PU\UA'"3>@+;;V:Q=S\8,
M#.0,KHI9=+*/&?MR,H]>[[X>_==]6>W7<O=V)T6YO[W;R;K*:R>?MVO])6[7
M%J3(BD3&>L)J(/6R5,:P$#J4DT6FD"KT#%;6Z256$F>>OIT.H%$"'+0 G1H>
MZS,[*,<7J\$!<IOPKXB-_1(V.$9^*]D06#DM;9WL'ECAVHVSV$+7R:S^>M?M
M1G<6JK<-/ZD.B-XK)?F^2>,[G@8V6UDKE>,,XYA#'B'M)&.JH-G)@X3&12;2
M-$/8JD^CO<B9'>11"=!H<=,FE)K3ITX3QYT\!SR'G>0\*+EYR4  .;%DN=D\
M@3[+4M!BO%INAO<)MQSO=(^?_J#B2VD\C3F^TT.U7S(F6):;#9>8% 0B+@5D
ME"50T3Q*"T%SEJ2V =-E$3,[ "T4U%)!)];^8W\%D_'(9[JE;I/XW$B/T.:*
MM?:QS'2K_8(7AT?L%*,,VS,0E%RY<;$H9%CQ?M@Q<J7?GDG#GRGK#?O?2\K*
M=;G_T9%LOGN29FOFFX9/K@JI<I0DF?8I<0&1P!FD&490D!05B4J2Q.X$WUGR
MS$ZGU:-+.CVH<F/(V)@$GVDIVL8DM3IN6R_V^-KMQ<R"FIL#"P:8\SZ-L_&!
M-F[LY2ZZD^,,Q\NM'?<!/&*5_>;-4U5NI#DB?&!:HOE>?)$F!-(CM-)619Q%
M1)$"YDF40T2E7L<0[6P*R>(\RTDBB?5FCYW(F=V*5N1_6FCA\,FW ](BX D.
MCYO_>"UD'(*CX CY!4M3D7*+H)R,'HJH[ 9:+L)R,NPDXG*[T]TYMAF8E1[)
M9%[J?^Z>I.A<L6'CYPGFBF0)S!!E$"DL((FX@JE>ZBF>*T8*JRP&*VDSN\1.
M/GAL%*@[CM!&"[ ^J@%^,97[H'!H_CT.).41C8F0D">$F$*P"#+S'T)36LBZ
M\#RV8:<.#Z0[/W7#6D@MX0R)XOC7)2@V;A^6P_O5R@:M</#[/&#8?U""@N+W
M+7E+=[NZRS:M^1$!K<RFH>G S>BZCN>K>RGWH"[PT7_IS\=RPY]VILS_%_V'
MIJ5XN7G>EES_[9X^ZR&DW("=Y+(FL#7OX;'Y>'ME<V'7+_ST!G-MN5[7?]4+
MB)TTWE6*7_]F>+/73T*+$5+)6H6=?):;)[WNZ-[T<J-=D:SV'5?GC;[V<5N5
MAC>WNZ;2)N[J]BG?Z9UL6ATQN9&J;/L>->WQ+DR>0$W(K5^ @>_J^!B+?5*M
MS>E_3>UO\FRU=NA*]$GUN1F_R+K9FRESK([LCMTRYY@,07F14,5B*%.,]1="
M*%AD*8*"<BP12S@1B5OFVD2-9D]@^[K74D!?,_!97^#81FTB[';['@M"Z?;1
M&6&NG:MG6A@X0K5-FZC-LIW3PD!WUCPMT+">?5G,]WFS_ZW.P%Y_HW^UM IO
MFH]<O8R(31YTKE+MVQ21D"@<0YJFJ0Z,&1>9$]_WB+S9#XIKZ:!).%\[]A,9
M@<K.'P4$P,W?=+:WDDT/D0-7RR^M].L+)_?N(79VANH@,B)MV2XB=J:?=1*Q
MO,USHM/'4B_^#+_TV^UFOZ-\7W-/R_TJ0HHCE)@LD-RPT5$&F:'X5X0(E&8I
MCG*G+-?KHN:>WD?!H)-<DX'4C7,<9_MUO"PG>A 4'.>X'P#NDWO4ME#S^KJ@
M9:?TJ,%GLWG\CGD.7C_JR.#;=[E^EG]HN??5BN18*I%%D F>0%1$%!9F8U!E
M3%%#<D02IT^XJP*O=@S;Z70#M%:&?L!H!KYLUVNSG=&H"!H=PY[-GCV",$>T
M4X"=[:0V2!7W5 06.JX]$_]3G=I> \?U\/;J.'[^JCL(Z=&=WOY55BLN*8UE
M7$"59@RBO$"0Y-S4DA>")@JS##NEA5R1,[/WZ:2"GECPIQ'LR %S#28[UQ'
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MI\I-;WT+CNJX,CW:XFL7',V"FIMG#@:8!S.DH_'!B")MY2[,&^D(QSF-I.L
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MF7,H 1%4JD!&9* LX@P42<RI&OPL)2A(S<)555ZTB*%?;=_74.>[.QT7]GL
M 5Z,G7^9!VXW]S,UTN%*(JQ!FKI&XKHB/T?1A#5@UE44]D\,5U;Q<;^K-8>%
MDK",DU@@S%2D(W(.4*ZK+Q-! 2LHDW&1IIR,KJOHR7NAPHK-48/QE15]^.R\
M5$!0W%S1I=J*CQ9X!"FN.&/EA-45?6DO7EYQQG2;^HISMWF3GXF5WJE6S]>/
M/M+0UQ^JM7B_$_?UDJO!GM&"@%2Y 8!(48 R+@N04(8)XDRFR.GHA(W0B9U
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M5=RJ&T@E90PHDBDH9<:R."D3 <GR06RK#?^R(]O=]>EM7@-</,%S,ZR=0:<
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M+P-T/])](0V\NY]N]?GZ-Z+YW_=KLR-TJ,MX31ZJ'5EIUCN<%ADMB@QP7!0
ME1B#LN 8%#AEB!&*LI(NU^)6YXGM\K'VPJT\4]EXIKX*KGNSQZ7GJK]+N78G
M%[2&U2Y3&Q@JW_:I1G;T2Z?%7R(5>370]2JRSJ[?@_,&NN(1KO.JK>"YN[$Z
M G*F0ZOK$]Q7XOWVZWWWV):E-H5: A4\3SA@),4 %30#I)":_%0D&1-$LMBJ
M4,M2WL2)W[X&3X/@5@>GS6!;#*^O,0(CX^9*7@84^[@[,#A^P?)5D,*$I@ZV
M#L23-D^9+0AT,*D?N;G<YDECMM^NJ]U^JX]1O:M^Z)^ZD[A9+A*"\@+$6!]Y
MS!(!=%DJ0#%7H59>IC%R(RZ[*&IBAW<0;$* 3K3CV64+P.P"IS PN'DW7P3<
MZ<:N&A>*8.RRH'DIQ:X:?$(B=OT.WY.*=/=^7>^VQK/W291-K2SOM;9+F5H@
MX5("FI-2K9P( C214/T'22&3E+/8BDS+7?3$0UTK$ATU641/^,7;IE'<N8F@
M!\1VSF :X-R<0SC,/ [ZN9H?[/B>M>"9#^6Y G)ZU,[Y"2//M7R4#2]B15:?
M-G5E<DM44X^QW;*(A20%1:#09.DHS=HF6$RD<:P\#HN14\<(&Z$3NYB#"CH9
M?% BZK10ZX16#]\C,$-XVGF5T"@Y[K&,!\C_M(R%Q:$/S@R)?)DS-!8@7#Q.
M8W.OK\/8L#_O-BMU1_WVG_MJ][C,(>-%B0L@"L9U!C<&6.=9<H&S!*NU!V?,
MY63MJ0@G9^!^@O:KOB7Z!ZE6T6=UU58?DG^_9G]MMF]:3?[]WW 2%_\5":.1
MJU<X <W6!XR!PFW$-\]?1#>[I@^MJ8O:;:)/)&PI[66;@HWI$P$SC^!+!IZ.
MUXM7NHW.>KM;OMZLZ\VJXB:W8,C1378*)90AR!#(LU@S#Z<E(#C) :<LI5#2
M#!=69]TNBYAXJGXBM&'I=TKC#6 S/ C#6.PV"#V,M1Z U^T9&H#J[M[@4_\Z
M#KR!!\\R\*X;U@T\BRO]IL77F_M[O7VJYEOR(+9M+HE 6!)1QB"A,0$(IP*4
M$&(@$ES&,>)I*IW.AI^5,OGPZV1&1JAGQNT\0':SX&BS7<>@J\7.<^"@18&F
MP?,R9IT)!\U\/AD.7^PW+%_MZVHMZEH]FZJ N&&=6=<5-YN/F_77+5G73;'P
M^XZXNYF(NS7W^_5-4PLD_BY6_-.VVFR_;GJ/BY<%IA+FD(",%?HX&>:@U#N,
M98Y$5I "QDBX#/(9=)[897061#V9FI&J9T34L\($VRUI>F/(,7E5K:/.ED@;
M$QEK=%C:>[:;)YKCF[#S:S_9FW;SDC_-2W9VOC/"'LB5SZ'QK!/#C*_@^30S
MIVCW0I:.Y%N?6-GP6R6[;0BA?O&T'43;^F$9%X03R 606.KCCFJ15V*"U/H.
MD33!&&)FW7/ 6?K$$\G?+C;#L*_@<$=TV'E/CI.;&SZP[YO"N$89BR8B4^)G
M7P\S*8Y^U3&A\72JF?'&8Z""QOV9L]73>)O;KZ[Q?XC?DN+M_<-J\RC$%[']
M5NF3A^?*LK^2'RWWY3ME<5=9W?);M079RY3'D@M2@IQG B"8IX P(M7" 5*2
M"@@)+UP6#L$TFWKOS?#/TJ?'<HYU[(OC>9N-;$_J-"RWK>)NX7ZX]V47U+_(
M6W#<V^L1  =] <ZA>'"P @7<X?2:-:P.#N?SX#F\ $_>WTW3QFV]:XX%+ N4
MDICE'&CR#X 23  NRAC$69ZA.(59D3HQ^CT7,+%+_+35A+UZ]^V3^OW.!!IZ
MT?'0C,>A,PYV^-CYKC%6N[F@#YOU+?A0Z?-TC:B -+L7C A%IOO\\?-2YEXP
M[H08]])U$[ <?%9KXFW%=FU3]]_7U:Y^M]E*4>WT&OJ3.;F]Q$A@)N(,I E2
M(U3@%%!>Y"!&HB@9+4A<$KMS7N&4LOJ^QYS_,@?PZH4^%]I(-H?*FQ.E(4^2
MV[V"ZPO;&6&=[N3W4<>6U==H&1W4C-ZOHT;1V=] P"/:P=^$_]'K]5YOU>A@
M<7N$WGSDT7YM6DZ89JO?A?K%<23P_5:OK?79Z:UXV&S-*;^&YF&NT]%.&(XY
M]6PGZ.<YS>P$C-,I9;<G!^KV\W[]38DUW<:6&*K_6Z@I*(,Y! A##G"6$@!E
MH<\'(LA2IP,Q0\(FCAK/MH/IB1_9A:>/FEW\& H+MTG!&X;Q+6W.V#=5:YJ^
MJ)=M,7/&Z*NM8L[=$XI:H!/VN>G.O908EF6>%P!CD@)$4PA((1+ D[Q$"2T@
MCIW*U:]*G&N8M^W'QW(&/,?+;FP'1<%M@%]@"#C@\OD*+@%H "[8.MGI_^?R
M7OC0_P7SKY_UOW3CBY'MM>DH7=S\?JTBD75=L7^0E1H&@G.)<!$#6> 8H%1P
M0/,\ 2(M<EHF+,D)?@$NM8L*NXPW3_:TF]O;K5GVJN'6BHZ^:=F+CD?-%(D_
MY4V;G1_K\BL-L."=\27Y+(6I)0G:L]V6\R1H/2NB@QF1L>,G>JFSTYP%>;G^
MJVMSH*4E(HQX)95#%9IZC(K==R'6D235MAF5!ZHSPTJV>M2#<I"]3*>9GQ(B
MFD?H4$U=:M;D^@-1O[(B-7M"IJBO;%.0J\<G[N+(F=8\M:%.ZQ&UM?R+M>'S
MY<K]_%QL:5>_A^GYT2ZK\//D$ *!.0$'VG69@?(.^J&-BJO5YKO^J)<I$1CF
MJ 2("15EH((!"F&I%B>$2JG)7(45.[V#S)?(0ARTB YJC,Q&G,$R1IF*T"@%
M218C@(C,02FX %E<PA@7F&<Q=*.."X7FF#V#(W2DDVF\]J&K1[5FFWLU+Y ?
MKCT];4#US/2,^^P")'Q<OKCQB9_+YDZ5_SDC\6730)<AN)H-&KC5\U0RNQ-\
MO])%!M>FB/K2'&%HX9<8,5KBK ""I87VSQ+0DF,@N?8FB.(D=6H<%DRSJ8NR
M6CU-+\Q>@=:EI46M.^>>K>0R:XNFK8(K>4*PMVCGQ%[DW3BN\DY>R_#F9^^U
MG..]OO9:W ]SAX8PU!GP8'K->W0\-)PG)\Z#"_!DK%.+5A-R-Q/"S9,&';\*
M4N_5?/%Q_5GH):1NY+SFOVTTCU[S3Z53=9Q%O@IVMZ[^N3_I<U,@Y;0E$B"7
M.-%]7BDH8Y*!HBP()AG3[326W\26;JSI[^;0V\6=]+6W]RIMCYR/LNF&KDO-
MOI&5\1^=$='-+M+6NN1_YGV[=D[^IWMC;A/ \15T;\:X\_?KAWW+AGP,?(_:
M3=+6Z$40#<4T.(O.\Y(6SOD:3O@/9Q7N.<<8"B3Q0>]$?=8)RH_R][I1^(:Q
M_?U^I1?G-_<ZS?F_338YH5(%^P("B(0 B$&DV5)C]4_,(.<)*7.GUJ#N*DP<
MYK<*14:C161T AL)E%;-2GH1]12+^IHY3@'NX%OZ\TDA=73.$Z#I[HZ] 0GE
M6]T5F-=1>@-TXO7\G^1+*[-6 =ZN4E[QM\U.U"H,UQZR94]!/&<LH1"PK%3>
M*H\%P#%-@$A$GI>(2P93-WJ9 6D3.Z:>[,@(CUKIKC0S0X#9>9A@,+@YDXL(
M3,(_8V%B,!Z:(5DS\]%8F'W*2V-SD_?X-J2,_UWM[E[OZ]WF7FR[0.JQK9GY
M?""/7W+,LS*G*8CS# '$<0DPD@6 ,1<T366*B5-EFYOXB3U *\BL9/K-6Z]5
M=X4 UMHQ3 27LZ<P>D3?E2)1I\GBT!?G<=&!%AW5">H\/& (YTU<A,_M7CR
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MJ;GNJS[0^/:'$JQD5&NR?32Y5TUEJ;=$-RLEZ;9KPK!,!4Z*/.,@)I #Q*D
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M.8_15KMY"&>#G1W H$&!1OEY&;,.Y4$SGX_7X8L]B[]U&>:KDVIC)HB4" K
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M4<MII!^4LP]F]2U1W5/UW_\-)W'Q7Y$P*CN26H1Y$TS$:1ZG*4 B5_%+(5-
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M;JB3 182YST@8 _!R3D!AUO'Y5X/-.=-%DGS-189UH1W%!04J7".Y3D@-,,
MR[@@J41Y5EH=JKPN:F*7<#8]J>>[C30'X9H1<+-:;;[K+LP+,ZV9PA[/I.T9
M,-T2M^,@\DS>]CH?]$ *G\&];%S@+.X902^2R;UL\*5L[L =8T\T*#^BXN2=
M)GKX51!]HE#_]I/I6[XL1<83FA+ ,"< 90P"6D*]BF&2IB@O4VA%P. F=O+A
M_ZS"O:>+;ZG_((K7DTC38.,Z[B_#LHAZBD2-)I- Y7M((A1D@<Y,^$(WXB"%
M#0+6YRH&'_9"QRQL#+Q\ZL+J;K^027ECPVZQW6C."_[J\?=:>^QWU5I%#VH9
MW))W5:)>*F=:$DU)43*8 B1A#' J8B Y2[*2B!P5B4M&S%[T#!DS4VRQUP59
MU3J2G0H1.>C@%CPYP&H73$T#EGM6I:&N:;70/%F__-Z ]I?HH$MT<QTUYX#+
M'8!  9B#X%D#,G= G@=H'D]P#]B:IPE3R\N/2X@DBU5X6&; =(A"HB@!1B4%
M/,EQC+),(D1LG,EE$1,[C5?[NEJ+6M.-_G-?U55SYN63NOI.U\-_VE9,F&48
M:ZE<!EGYS0KNE_V:ZZ:VY*':=87UEF>]!I#F0JA+2P2*N,AT\_<2E)*E(,D8
M$YC&ZK]6R?Q 2'NPCO7QX%;+.5MLK@>WXRUV\[&MO"F,M0]/QQOM%XK>W&_V
M78^8C523KWK(WA3/1EP\; 6KVK&D_K42S9Z&&D7D7F?T_[?]F[IQM5G?@I7A
M=GRX>ZPKIKX>TK 5-$.,M9_4RIQ=V=!5=6ONK@\AP.Y.1.O-]EY=I/PQWS.C
M$>T&O1:[WNS,GLE:SX2Z2%Y91E;BK]';'^1>Z5>W6S JBJ9[-=ZWPMRRJNXK
M;=%NLXB4]5S_M3(5P>H]WQ/=?%UL'Y]W?=E(J1U*[S=ROUU7NWW;N%96/_3/
MZA'Z7_K8Z%X-M>/U@<Z@#'\9 R'ZA1MG"\>'%>^'WE>N]&>,K'8F]WFSY@>"
M)*;FUB,;TI%)F@N&8)))D,:4 Y1B!'"9Z<IM2E)&<%K$T)4[TE[\U/[\J(SY
M6)^HX\X:Z0"K7:@]'5AN4\$@3CTZN.B/2=BW_6 (R"WI('QVEDEW8,[Q37H\
M9=S1MW>;K0I#F1"\?J?L,N6U[]??1+U[NB;%K$19D:2 X;P *.84D"Q7_X$I
MS GD7.#<[\2;I096HVK,0;?FE$752>XM]'TZK#G":^>'IH!LS$&VV@0YOW2Z
M1'ID_*6IC(\.^DRR]O=$(O#I-5OI+W)HS1&:2V?57!_CYXZZM7-OZ?Q)J&]/
MK1=NQ4?YCXV6UM7?-%=MU2(5P5RF$ D@9:Y6L@A20 5GZB>LZ4E(GF9.9VC\
MU)@X.KJ05SCH9?9YC6:'"J7V6J6;F]OR? UVWFMZ<-V<V#2X.KNR<; $\FB>
M2LSJV,8!]=R_C7R:GYO[+'9$2>5OB5JIJ^5]6Z6.*,V@3 J0"YV0(ZD$-,$9
MH(1!A @M,'9J#'!>S,1NJA,:=5(]^S)>P,C.QXRWW,V'>!CM[""&;0KD "X(
MF76 #QOZ? !?N=JS<>IF?:N)1?1N:T-^M%N6&8JE( F0A1Z=4)2@3&0*8D@+
MJ08H84GN5O]]1HK+)^I5"/Y!^;K_;'FY=M$]V>VW'KN8Y_"Q&YDC;78;EEH8
MT-(B+6YQ,/O7ZV:[MTV];%BHGJEG),S;,/6RB2?=4@<N'=L:L:.B^2*VWRHF
MSG-E'#?8/LK/@FUNU]7_"MY41KS>J*G\F/Q+U1HA3\H8I'FI!G;*(<!,0I"*
M.)8P2U.UBO#KF!A8TXEG[J,BT4?9]*D!9UHI>E%L3/?V[-S.3_%.W)S7U9:+
M[8O@30ZXV;C2:BZB9KMLIA:,$P$:O#-C:#U?J&'C1'!?[N,XE4#/R.S8+NAF
MS8V3TK1)RMOIDHG=XS*'<8%8F0.>R!BHD T"(G29KV1E%L=96?+<I1CMFL")
MJTF^;LQV]%$),]KKGAK__F\XB8O_,CNZKKUMKZ)I&=0%Q,@QPGL&S-MA$-RC
M.DO+0H5XU\3-&^]9&G\2_-G>YUXT]EE]"MM=._.9XI58E(S@N 1IF:A17N0Q
M(+JE*RD37E(J8FZW(W[VZ9/G2K2\2)=_$9-@%"ZQU7D\]-F&E"$.!$XX0)BD
M@*!8GU7.8$%X*006MO5SX_!P=W:-O#'6#_NKT3:Y9H7,Z^UDN=5JG=IF7Z8U
MRD:_"JVO=R*J]_<Z66Z"3\T&KAWR:L-O]9?='O [_=:;;=5 54@7#1\H0#J]
M9[;:HXOJ]LN.+E\T@@:R+5\ZG !<II A 6.FW$:< Y1A C#EZI\93G%:IARE
M3DW1SDJ9V)TV.\[$HYW2>4SL@I_1EKHYE<;(0_GG]3.<?D20EPP*205Y(F-^
M,LA+9IZE@[QXL=] [#+673-9M:BJV))E1!"<,Y#%!*GUBR@ 96D)<"[4_^'Z
M3] MS7Q6SN2)9B/%%.PVO".1<OP=6_0S?HU_D$IS'FDW5QL^CLNS@0.0=J-W
M-#ANH_>P/]1K^FQ$AAN^@Q8%&K[G9<PZ? ?-?#Y\AR_VG$>[2*9AHZ]N[W8?
MY>]UTUA^R;"$ADX92LT6E.48E%)F()$J^D"Y3"2T:EUA)6WJ>?40LVVU7+"1
M8%^+KG"^Z3V$''L/#:-G.?.&PL1Q!C[ 8>0NHL\=*DIV,S,'G(QM; PU*0_*
MFG=RMC'[9)*VNLF70:1_[M8DUI>"PB3)LQB0,B_5&$_54ELB";*,E )B(M+$
MB3S]C(R)1W:7Y=7+-K-9NNLV2WL'O^MV(\&Q@.,<8G;C>B0.CMLLSR'XZ@6!
M!T_(12.#$82<2IB9&>2BB:>4()<O';',?;_F0E;K:B<^Z$-?[]<[]>KU:?DF
ME%_B-$XP+5.0XR0!"%+=RJ44@,5J+9S0A!:)4\65C=!9%L%''=KC;D<M(I]^
MPU9H.JR7 V+DLWSNP?/!$1Z_Y;2EO2%7U]=$SK_8M@3A[-K;]E[/=N*,Z:2E
M"AT^;5:5/FIS:*V=<21D@75-""P RLL8J- > D%QGB<JC(=V!-+714U=WG$0
M''62;5ITN^)EYP3"H. V]#T!<.]1?M6V4/W*+PN:MW?Y58-/^IA?O\-];[!M
M0/RJZ^I DI2)@@%(&51S.Q) $WL!EHHT*](DSJ"PW1A\^NB)!VK7ION5!P'Z
M,PR&!^,XR]P&7T"C[/?!_(WSW 3KC RSFW5>_8&MK&<WS+:/=5[1_B;6A2O<
M!_D73>K^Y6&KLWEMRKC]++(24U)"##)-S:TF;0%(D1(@*8UED2>HR*QVL :E
M3+T>UW*C5G"7$K<?*)?!N>X(@ICLN/0^9ZV'?[ALMKVK"&*^G]=P>^E.'N2J
M50/.Y/*]L_F5J^KW7<SUB_W6!EVGZX_K-U7]L&G.B'V4S;HC7J(2<E%0#G :
MJS"#%050;@@!(61"4\QX4<3+DW[T5P/D8:E6'^734_!?W;V1EA_]<DLTA]MF
M'7&C"%GI3)FL?NC"XV8'0-=Y;#P[P%U!UVXU$0"LL3WO-4 ]X1JCT(D$.RL#
MK2VN")MU?6%G^/,UAN5=GJ=1SE=!'\OS7ST>+VFK]V]TD^1WI-IJ-FZ=M]C?
MFW[6]>>J_O/=5HCNF.EG-5Y_)3^J^_W],F.<XY0E ,=( E1  J@D*1!) =."
M$TF9V^&4F12?.%#2DH%4HJ.MDJGIL8Q4QT,I<[U$.R_V,[X:QX"N=V3ER9FA
MGA&:&O3LT19MR2+2MABZ>I.([:S1>ZSUGY$VZ' (/_ILWORO5]Z\^\F6F5]#
MJ(,N<ZD][[F7F5_&R3&8N>6[KXC-\9K=YB/5-;>:+DJGT>KOU>[N]5[]_EXY
MUV,RFZ%<EFD.,,P3@ A$@"!>@EP(CB N.<JLNR$ZR)UX,C":Z$*R1I?HH$RD
MM8D.ZCBGNUWAO;[*G@@T-S?]T^!EOSR?"#>_!7M(_)R6\QXH#"SP79XVVY+?
MP\1^$L#G=D_BSJ8&^-UF*ZK;]5?RHZW0?R760E;JVY::KCJ) <,XUML/I0K<
MD6:GPCR/(4LRYE0 >$7>U"ZV94YHQ9OV.:T"T2^M"HX5@-< M N: \+BZ$1'
M(>).NFEG9RB6S2O2YJ75M#/]A$?3\K:9$P ?FUCP[0^Q954MZO?KYI2T.>BK
M(L-MM:XK9D+')818<,(R$&=< $0E Z2$*4@+G%+$J2"HF&7Q[Z#TQ([H("SZ
M9A:)&QEM&N5,&O++S><Z$JV:CJQWL[S2B5,!$[VHV=, '[MU_\$2S;W>V**/
MB'0?@;'D)UC[>^#^TNM^%Y7_-=;\'B\AV'K?1[;;S%-O=^V<QAYO?E2Z$3DC
M@F(55Q+)U>Q0Q !G,0<R$41B0AG.L<WL\/S!LX22[%&MCI0PRY7EB?'#?G2,
M23YAX'5KK%W1)=6'W(6ZI^<JU+^.;N+D<;,,Y4M&=,/MXM_=A@07U?+M>E?M
M'F\X5R^I?JU^_+C]NOF^7C*N0B66)"!.9:)&!\9-N_:B0!QQ2$F16I5_#<B8
M>* T4J-6["+2@A4LD19M-VJ&\!D>0(&L=AM+7@9;#RP+D\Z,L5JPO]YNOOV'
MNKL98NJ'X^@:>N8L \W"J&[,V5SJGGW^?;T]T#WUI\QVL=4U8,>49#E'0.1<
M-UE.8D 3F0,.$Y1GB- 8EK9Y9RN)$P_-O@YGV?$<&[#;(WD]Q1P<'[=!_'+0
MV&>3@T/DET>^"E68K+&3M0/Y8KOGS)8I=C*KGR-VNW$L6^F7AOCFLWC0O<@T
ME[C4W<.T0+66:/YX9+.$299!F0E02"P!*C$!9<8*4!8R9F6>93BQ<I0C]9C8
M?7[9W]^3[:.F&6U[2I)5U%,H>O48-8H:BHA6.U_&4;<W8)F@F1Y7QYQ+[QAK
M*S4ZZ-3'=F$R+^T5\S"$>D$4G/_338L78O?T@NHR=Z??X]RC0'-$[T-#]?59
MU^'N15N!G<9<RJP0(&60 00)!;I+'4@)%#QA4+#<FI[OHI2)W961:Q^M7 ;C
M>O 6Q$0WS]&<B&UE1JU0CRK\RV;;!V9!S/<+QCQA<(K$KIHW$'U=OG>VB.NJ
M^OTHZ_K%'H=_KF5G/XOZ_^?NW9HCQY$TT;^"EV-3;2;T\@)>L.=)>:M).U65
M:9E9W;96#V&X2IP.16B"H<S4_/H#@&0$X\8 0)!2[]I.5THBX>X?"(?#X9?M
MIF);T50=_7-5;>M_J-_IA.'&'_M/H<N""'[[76S(G?A5O;I]1[9B%Z^U2!7R
M&8LS&!'=0@K3')99DL)$I''$,IFBS,JM.A?#$RN_CCXD#0/@3G, N6(!2!VL
M:>[A;L!WPS7XI5H!OEXNR:;>5_QRZ%4]RQ1?U\.O;>(\+N# E0NXO01-K7]@
M9 "-$,IB;&_;0"<': 4!1A*@1>E%Z[ZR&79(_'IE,^U??O5'-U'=2MTO3T!J
M?3 P2Q>8I:L[SJMCKM[KMFO=H+K[%IH2?4_F6]!M'7_<5^S>=+TV;POUWZ;5
MD?Z5J0<&^-/&C*-_L3MR/+9WM>JTH2&MY7-3!M84D5?/F49:IK;.3<,!$]5W
MT9"OM=>W84&7D65,;1"F^;F)K]-T=)TB(Y+^@>PG*U =V3D_BJ$4O#G8F"^;
M;T90#Q(#YZ0[(IJ(7K]VIA>NG1MN;U=<^["T(-_6^E>?GK;UEJQT"_DC";Z(
MAV;U=S&23V2I"U_%"XEH2K),0DSB$J*$<%A*64!:EBPNTS0KD)7Y\_I$F]JI
M9:)9J&74"QV,>FDW8=/1H!7;%$I5OU9/[46_.=V==^*#GOQ  ^ 1#?4JYLTE
M9NI5,/SO$5DU[S?F%XKUJJ8S9,#6ZQ!L_K"NUR'W4/#7Z^+0SYSX:"IN?R,_
M1?V95'Q1L((0DF90XBR&J* (XH(RR*0R.)G0'512MYKB1Q1<-)Y7-7%#"3PJ
M4AXU!H[AL-M/1HCHIM0;0J 149,*IT0OR!!(DQV//JLZN2#:\9J^]-C+1/U?
MT!!MU*B^B_OCR;C,(RECFA48(J9[EZ4HUU? ',JRB')9\%B4?,[(?UO&_V^Q
ML7N"W8!&M'F3":R_% ?C^)7-_RLU?5VF?O8$ ]=Y>"5)!M9L_ULE&KA.1NAD
M V?Z'N&=M=BLWJXWC^N-8:ZKM1>1*%=6HU*QA$%$2K4]I46N-JI<4%;2@G#K
M6GOG24P=P*F)@AY5AV#$\Y!<OU,:+ZB;QCR1T>-2_X*P#J&6HX7VC*VTGF"W
M6,I!<8:")\^_.%^TY"#C!^&1PT]Z9LLK=;5>5MR,:&K^/N]#[BC!.4^%A#DN
MU/&TI#K-E9<P*E!,2\HQ<C-VAXA-K%<^;ZH5JQZ7PEQ.'3#BF!T_!)B=S1<*
M!C>M<T#UIJFT_0S^:O\[2:2AC:"A$N.'2,V;%6\A]$E*O,T[?@O\S5-=K41=
MW[+_?JJ:6GOOI5162?5=Z)NR3[+WEWB!DXAG(A=0$LYU0@B&)<\3*%A<<ER@
MI)"9RY)W(S^Q$NB8 3V:ZES1\=.$3N@"D?L_NRD'1[#MU,5T$+HID)#H.:L2
M/Q "*1='XK.J&S]@CA60YRB>SKJG1[41&]-Q^88L=0#)UWLAMN^JFBW7]9/Z
M!GN)%P5.*2E*6" N(<I3#C&F!&:<EJ),*$Y9[.1P<R ^M=-LS\KF&;3, ,--
M/S' T;_E JZECVHBR!S]3#TNCL#J,0+^FB9GP@."4"X>%]+SNFD\0#EQM?B,
MX9Z,_JX]J^IV!XT2:U(O%IS'!$M90DI3K(XX,8&XP!CF1292DD=Q(:P:C0T1
MF5B-=&3!GFZ;862?C'X1GV$-$4IJ-TW@(;!3,OHUB;RRT2\..ELZ^C6Q^OGH
M5Y\=FWUYQN"HWSSW?FKZ4B:<85JR%#*<Y1#I&ELD+0K(28%)%N642,^T2SL&
MIK8 >LF!Y\SKVH3I]G[AU_'3&79+NV!",!UM@^ XCLBJ= ,C>#JE)?D7RJ-T
M ^=R J7C.'[J:A=%_$GNTJ%[O6<;1\U"8H;33 J(TD+?N? (TH+E,"WB."%,
MZ:P\<=%15E0G5DR]:N_KPUSP'1]N*L@.2CN]$QP@-V5C@<T\[E4G' +I&3N:
MLRH7)QB.-8K;R^-<L&_7#U31,+IJ5VJ[P*+@)4T5U$4)$4,YI+SD4*8Q0G$D
M$T2<_!M#Q.9RK_9I>[<R'43-S7,Z%@M//ZDK#-Y.T2'Y KM SY)Z$8?GD-"7
MW)N#[WC:"$^;5;5]VHC;%?]0_=3_JG_=K.MZ(;"@2+<X32/=]S"6%%(I,,0Q
MXB(K928BZ6077*(TM2W0T35Q6;*E[+C]7T3)<LL/(;OC-G\@=D?T!ABR 3?Q
M:Y*%VK@OTIEWL[XF[LD&??4%W\"'AX?URN05FEBN^O9I>[_>Z-I3"YR+.*:Q
MA*C,,42HX)!FE.HVQ5%4$EE0[)1J-T!KXK7;4 :U)GW3Y?"2'777T(?+D-DM
MXT! N"WD%H.O#08-77!['0./<(>KT@6+=KA,:>9@AZLBG\8Z7'_%LR&H6-]M
MR.-]Q=Y5.G&8/NF-_MWZ0=3;BK41<DP(RJ1((9>"0Q1%"<0R2R#/"TE+BJ*2
M6G5:<B$Z\2+?LP#Z/-R C@O'^$(G/.T6?FB4W#1  (#<FX(Z2!RJ-:@-R7D;
MA#J <-(FU.5=]P#JW\F*W FN!.'KAVI5/3ULUNN'KC\UC2,A"I9!HINRZ<+4
ML$0QADDLTB0KXBC!5CZ]JY0F5@TM;= C#@QU^TCC8:"&EW]0\=W6_$7)/8*M
MAR&PC[D.!H5?Z/4(2)QBL:W$' C)'GY_MLAL*S'Z =IV+_@'+_1B@IIK.L8S
MC&(I(&:ZE5G*"DA*QF&<<U2(+,^8&L$Q>.&8R%S!"_TJLTZ7G(,(#:NG4'*[
M:28OD;T"&"[)-"J X630V0,8+HEU+H#AXK.^H8NF0/(GN4M?UA4"JM6=6+&J
M'UDG8IZAG*JU2.-4+<TX@J4D)2S2+,XQ+0@JW0(7+ E/O%R_"#U/U;)JOMI/
M$AS42M>]]MHV;HX.0FM@[<X;4\#EMLJ[4MIK"?9U!, !%]-6>79$(%BTHB79
MF2,5W< XC5)T?-^W7<[G)[JLV(?EFFP7&8U$1&D!4\9T>](4PS)-&&0\SDB)
ML[1$CHUR>J-/K"<:>J A" Q%U\XX?2BN;^.C!'1;V2ZR>33!.2/#B/8W_=%F
M;GQS1I#3EC?G'G(_S'_>K'7=S.?/:J)T19_W__U4/>KM_VFE!GA+'JLM6?XF
M2"UV-\AEB7",4K4MESKPE\L8DD)MT&6.*"ESJGNPVY[PW<E/O/PZAFZ 8:DI
MJ- Q!0Q7H&4+&+Z\.HI[H'[=73 MEFXK_=7":.]RF!9./S_$)+ Z>2C\41EP
M6W@,.ILOPU_@OH-CQ"@>#MKUTTI70E9TVFKU&Z%^5J0Y-[79-DWQ^@6)9!K3
M1$!E+>EVFTD,RRC/H)J<).-(I$189:F[$)W:;=NR899&U_J@X<3\JN'%P8%I
MBZ6%.W<"A!P]NU;@@):/"4!R</A. ):G[S<,:&Y^8$?IAUS"MD/-YQUV%.[
M4>SZKF^U22ZD&F\K?JN^ZYK92F??570I;NM:;.LWS[^3_UIOWBY)79O6O1''
MC!:EA*R@"40RRB&EL8"<%R4N8RIQ3EQ\5H[T)]:I>V[@4K,#]OR AB&GQL>^
M(-OYKR:$SDW9]E#[S0\UC]J87K('JYWI1GWFVII>T)S6WO0;QMV(>[M>?5<6
MHQ[[G:#;ST3]FRR_""X>3*FTWQ47#T\/NWJ[;0KP(D>\R!).8($I@@AC"DL=
MD(?+*&,L*;CD5K&S(WB86!WUN *:+=#R!?:,@9:S7EGOEC=[H\9W JX;@C/
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M,:2T5.9&0K@H,TQY3%U#@R^3FWCI[@)D&^>?[B^ZCXTS[( ]/^ OS9%'S/
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M+&,N"\0KJV['4%?UDGPGU=)4(-5%]3<[5MK*D^)G56_UXX^-0*YIO4%FR\[
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M<_O3$V_H9-\3T<%)\K*?2,!+IM?PJ?C?4_WHYK73$,U5$Z!B^T.(E;F'ZK1
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MM<S"^E6MA0[H!KU.<W:OI34,YYR,]B_[:8HOXK$MA/A)FJ+T79^"(I>)P(F
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MVI*5HF+"8%IO)\*TS"):0E:P0I=3*2&-"@;SDL9%1,HHD]9YY'8D)U9(+1/
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M]=^VY*>C@S;P5%JZ=5]@9OR<P2;#?+ ?IVE<K1D&AN,;H'G>_94:QL$QYS>
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M?2?5'N\T!Y#KT/!]A-J-+O+<,#Y]T<= <WW]GND5SJ"'37NMM.->B"::U]1
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M]-?ZHUK@I)2YS&.HNT[I%L(,$HH(S L2B5BJO\2I0POA<=Q8K>+1?8/?-MV
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M8:11#L4>HY2R4$GPR4<I\="*D:VHME)*HCDL' 7E<$5-3WAM7*N%IHX'[8U
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M+GAM;.2]67-;29(F^MZ_(F_=U^N5L2]MW3VFM5HVRI1,4G;/W!=8+!X2ID!
M!8!*L7_]>& A07 #@3@\AS-3TTR1HA"^?.'A[N'A_B__[>?9Y)<?.%^,9]-_
M_0O_*_O++SA-LSR>?OW7O_SQY2VXO_RW?_NG?_J7_P?@?[S\]/Z7U[-T?H;3
MY2^OYAB6F'_Y<[S\]LOR&_[RG[/YW\<_PB\?)V%99O,S@'];_;-7L^\7\_'7
M;\M?!!-J^VO;OYW_<];%1Q4TA&PEJ%0T>.?HVR"*4]DSY_#_^_K/D>F@2[*
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MLMA"FB*)VIW40.VV7YU&5>=X"% 834FA,,,/RM(\YE[C!A7]W/EW (X3!3P
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M&X]-;'56%O#4#ONCA#T 3[V..AXOUZTBR N<3>L9C=-460E&6^:4!D*\W]3
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M[%S9"%6D#01NF[@'E>I3&^$,^,2923IZC>T';#WN9JQS2!RIQ[OOP1XCU '
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MLRKQ*%JG"1]#WR"KK9\,BZT4URLL:PW&+1UB7N.J!FCQ"9?G\RDQ9)0+WOH
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M#:- *B;>>G[X=0I:9"+?3F9_?C[_3@JK(4"8O!XOTF2VJ&[[%6*EE:XD3OO
MZT#;(D=P43C R)TK.I;D6GMAA]+6KP$Y 1&WY?V:*V, "9SWM5T@7K;P74OL
MBILB.<5[GE-L:27Y5=*0Q4T.3,C:!JE#:7XVW4]1OPGKAH!J*/@!GT*7\\,^
MXGQ3)%Z?*QQQ(MWU2:U.IX,H;712O0GS:7T524NM%MF.6]O,GM_"RSB;<R1/
MQ-3;"<4BQ4V2"> F8C&L>.E:)U,/H^SD:K^]5:Y@[S@KM',4H.:U/;EVX+@4
MP"2*PD.X^8*[.<L#.;LZP,B-:KPF:FB89^[ "YY-O]97[*\Q+H]Q@W?_>3,_
M^$Z:&IF7^L%7OLDE5&P*PHMLZ2#QJZDY D*=+J9E4*@R:L)-X[UU.R6GFH_K
MGWJ%6LN2C 1[$)YI4"4F""4ED)GVA9:F/CWJE,&!F(X&^M\W%2U$/FA#L>H>
MNIXQ?TR\?.V?MS(4=]/4R%!\3M\PG]>^?_5T^3H=_Q?F=YGH'9<QYG4_^VT#
M\1?3W7%O]'?G9YB_U"%(5VA(TM'A@ 9\KHE>5^2F-S2=1EIP)XMK'2TT9N%4
MTW1++^2K<($V!M-)4KA@5'U2G@QMEAH?JF2,54EGT?J.\SYZ3KXON13]=I5=
MP+Z\V/GNRWI8EF(B,:%!BL" F%9DBB0#'EUPTKH<8^L#Z+$T]FNXFZ'GQBU*
MEZH:0!;C%JY>_!PO1M7F)$VG'096QQ"A T_2 L[(',D4G<RMI^G=04J_P.I6
M_[/VRA@HIM8'";Z>G87Q=%1*,%F10X4V.G*HE(9@981Z19 3"\12ZX<!#Q(U
M# -VDNH/@-/Q>A@FL-Y?UO8(CCIDH< FQ2GR+@P"H\@^<Q:M]\)JT_KB\SYZ
M>AX@UK/9.DXM X+8[DB.6Z(W$ZQ"YC*@BZI&;QR<L XTDT4&IHOS71FP^RGK
M%W:=N6$=J&7 N?^=J[+YQ<LP"=.$G[]AS;.7V?QLW<OIF,*[ SZV7=G=8WEH
M%)KOKK7I_;1SW7A56L635;Q.]4)/!B\P!"]-@&R-S")IDTOK*X+#*#LYN-RY
M9]U=\?8[5Q0R2'(J.,\2E*V9+9X%6"^<+-8ATZT?.3^&OIY]LO9(NA%>=J6L
M 5NWMV$\_X\P.<??,%0.UW-M'F_.;O^<5O;K "H;&:S+E6X#ETW>I(!T2DKR
MRY44=1PF)ZSYPFS6RO'F3ZCOH^=4XW3;9^\<WYIK[6LM@,RU%M776E0?*=BQ
MAB(5JV7SOB/W$M2O^6F&BWVCTTX) [8R.P^ CK MN_^ZE46YDZ)&=N3R\V^Y
MP=+)\:!T %9"':J1R#%6Y'NCURI&J9+2K>\7[B&GV=NYVV* **4MG,),D^K[
M4&<5!(4!4LF92ZX=FM:9R_OHZ=>&M,+$G<_K3M7 @"U(K64:KZ?*A3IP;O6
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MN\$'B1J& 3M)]0? Z7@]])U:KX40G[_7J5^+3VL?Y3<\BS@?%:X#,](!)F]
M,1X@V&KCE179*"=3T@^X3_<N,#Q@G*#$66N)]@R+%^1ZSL_"<OD9\_Q\NF'
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M9X'II'AFW!9_T"NZ0P#1MVDX4EG[ZCY"<CTK?#,3=D.XM=HGSCD8Q^L@1L?
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MGXA!^R\?6%2PL3BF+12B$E0QI7;[BI",\MDY$YQI?44.(FS:2W)LA+6730>
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M1-S@.@YQ(MY[;$]>A!8;_ 2F3;VM:WN&55DN]_G;CCGK?+&@N:H7E+3@=5%
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M3(JT(I,X!%:=,H6IS%F0S _1#H>];=JX:&.DC,#@B2'S_X7TK]<K6M;+.6E
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M:Z*/S,C(,UGH@V8_#WC5M#'=YT3)T0SN$3$OKXBO-5Q$A^;^ZSL+K+#W3DG
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M'":?0[;XNERL?\-/$5=$>$1?D\B-3IQ.60Y ;E2&E).M]13$IR'OP-]\M#\
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ME, !^+</TLXE3WO6X+2@'0A9Q]>R IPG)>@FYA9;FS/?4S%Q+M\(5\9I#.X
M(H=WXUW/D\1R,AP#^,3H<-300I3<0O(Y$2-R1MMZF,0W!'1R3YPHS64KUG:$
MBU\^?0YS6OY.E'+W1UL^U8U99ZTR=5","XZ,:UWGK.0,TDEO;%+.V];VZ&#B
M.G',V^*IK4BF'VA?[]F;\-4C>16%F^"XTI ,4S6M.D'0VD%RS--=;+(O<8"!
M\LPRG;@RY\&E-3N[Z/YSV-#,(>=$1 &&A>PNITB-,L<!:4<EIX)2M"[A/JS=
MB=725ID<Q= .VIS=>_YYOPH9/X75/]<S,M>$JX/N%.9:84PNG*^=VS2/W'K&
M:)^MA\P\2LRTR7&-H=*&Y1W8--OY.,^\'\ZX-D:D6-\FJVI,=6R<L 4*'07Z
M9!T<T3H(-H2N:3/B&B.JN2 Z -<SV_GYSW1U71/D;Q1OBCD:[BP(J>IH$B6@
M[@H<2]G6N21>7SBP\!V-TZ;7C:O&V@IHXN>\9_;VF!FH%*+*48/=5J[K1&8@
M"QZRR=+J+'C,<H!5?=KJT_8N;FAL7X#YD]K@ _;XW>'9MH$D+\*Q$D"8C&0B
M) 0G8@"IK9(\!I=+.!]=#RT];>OBRT'K;+9W8-"_OF=9UK#MOL$W>J13416P
MJ6%B9S5XDS-$@SD%[J3U(\XBOT?-Q+V%&U^&C;C>@=VUM26?R)C:;TI*+HS1
M@"AJ,V^=:%,U+=\::V)Q630/>PPB;.).P6/8]4UET0' GMT/UZ1DM0Z0>&VF
M+"('A]E 3A')1*3#)%LGM[>!U4MY^&XJ@;ZNO,'&(O')6T&;DS5(::T#YQ.9
MC722?.'!2LLNA[%S+'K>^_OYA:34Q;/Z$WNLIF3*IB3/!#!ER91,-I/S6R04
M8W.TG%OE\7*H&]Q8_Z6\P3?D_H1:;1MOJFKX^1<5::/;CL#,UM8$*_I/#(HX
M)F1)UI+!>;\,[.$HWJ#5AF&E]T?XD;@[\7O5(PKT^SVQ* HJC60<UOGU&!EM
M9]M<C7;$HK<Y^0&(&;K>,,ST_LP^&H>[N+,>4)4/G 43,5K&0 I.NM,*"S$K
M P)U*.BD5KSUG-HA= W#U\MY46\LB0YL\[N'Y4WY+BCE=4XZTVFA"YC8Q66L
M:<.:T&"#=I@LRM9!YJ<I&H:HWI_11^!^WR\'W^KDS[A8X^_XY^;]O_#J"_ZV
M7&P^KLF;B"*R[7PFL4TVYA!XO=1K-4LJ*>78&FOG43P,B[V_NT\@O1>'U?_$
ML'K_K^7,2]2ZEDT8GVN[HVSJS*_JH@0;%2O.ZA%?Z(<3.BP/] 4^WH\DJY<)
M2$(8SC3+3BKK0*>:-I)MHG.7#!BEA? FHU87;)OP%*G#0/E2WOXO(:\7"<O7
MR^O5C!NFDT$-M%4+*J 'GPIQUA5M32B%&S$Y*BNEPT#Y%X@<M)+6R\0D_>RL
MR.SI=$G0R PHQP($7?NTHF(Y,&9"\P2TTR@=ALF_0ERAD;1>>NNWCW6\POJ7
MQ4T9PZ=:ACERI[>G%[UH8[<C]G_9/FZ*#$C/30*MN !5E(<0BH-4= [1!5V:
M]Z>]4!^WF_D.!Y[OBD-16B%1*7 RUC[IMCZ,L@0R,6L11>:J];W]""DOHK/;
M,?AX?,3IZ2+HX#)^NMD 2D/JFJS=PKTG!G'2XAA3G1&2@T:R>.UH#0)/;MYQ
M@>FF9XC\J"X>Q_"_BU;BW[8QP!P$%XD,#:DY*,;(,(V)-F*4L\;Q6%3K-) 7
MT\?C*-$^V<?C&"[WU<>#T_=1< O"UD[YT01PKG@HY&![90+W>DBSY7[[>!PE
MFL?[>!S#IXDE_.LR?Y@O/NP)#X1E5SM961;)\="^@APM<,%C8)SG$H;$P[_Y
MZ,1%\DWD>SJ7>C(9;AW,R(RISB0$[Q(!5"2(4=5)S#E:92P*TSKSZL0V+1<8
M)3N"<7 :ISO RDU<76A?DUXEW6_%TOFPGAAB"Z2(Z)402?G6T<'CLA@N^!QS
ME P?*X0_AJ$G ^$SKN;+3%M8G3=PX3[U^YG=^:?K%:G!M]M59E)XS4J1D%CM
M;%8B*5-F!0@AHP\8D/RSD2#R$#W=-6-I 9NS&=^%EW'8S7^LYIL-+MZ4LG?R
MWR__"%4%'RSNOR_FFUEQ/B@C+&3/20,G01PT9',+$X(-=-O:U-H+.8K [MJX
MM !:>]%,W_GG_AY?+U<X_[#X\9I(6:2O[U=AL;[:"NYO9!QN6QM%[YW@)4/*
MC"QW7H=Y2^& :>ZS5LY9T?H!93AUW76(:0&\QD+IR8:2F NW7I/?5T=VD>L'
M7@0-N=CDT0?N;&LK^R@;ZI+)Z4ULJ&,8>J8-]?/B;CKQA#.*%O4%ZDUYE5)]
M8UB_#5^KF_)J4?NSK:YI3_,0YU?SS1PO,:OH!&HN/K/H7(Y=>':1*9;%Z@UL
M>[[*[,!G9Z &9(M7Q9;0>AKZ)+.+K# >M9>0-1U@Y94$4@(!=#;<!E_;I+?V
M%E[B[*(CT/#,[*)C&-[!K7F70;_6GZZ"J0_O2G > B<M[U2JM[^C.X2, 642
M2TSG+%7K)-#':.GD9>($^2Y'8':GH-D_]<:"P7I5DZP4TDDB1KDLQ+;9!/V%
M3^0R7P V/02VVDA[ (1.8'T'('K 6M7,DIUI8B69/ Y3 GA=MF\M6'RVFO/6
M.J>[]_%VVN9,!G< D7NVY+:GS<YCI2M;9AD=9L!4:B1)T.5MR,>1$@5F;SV*
MU@;<$^1,"YH+6#FM1-$!JG[:+_L.O^#B^F87/,G,;2VT#LJ LK7=2(T9Q&30
MYE"*RZU#+P]3,NU#YP6PU$  '<!H[];^0?Q:D4][V(5(*H5(M/LB)*B,=+EK
M54=AA<2D\=8TSP5[F))IGRTOHY+.%4 _,/KYT^>KY5?$'W"!9;ZYV4W(]58N
M"8*I_223MQ""I;M;EA!MX%[PUKFY3U,T[1/GY6#50B =P.LGW$X37\^XC.1V
MU$DE+C&R),FF]#IS0%&4]4F:I%L#Z;#VM%VN+W*AG<#DB3/0]GA^\QE7)(K%
MAU\QT%?W;[1?9]D*%HM#<)'5NE)+E[$3"1PW1F0N8K3WX/)@2MK3JTS;B7I$
M8#1F< =Z9-L$\ON7_(-6U,S1=L@%(/G'VJ4(23\Z#4E$'JQ)-H36W1*?IFC:
M/M07T#D-!3)]VZAO(D;?[6F&PA5FN 63ME5R*=6>[04\^98:C11:V '*Z-F%
MINTP/;(^:LOF9DU]IH_Q;D_2K\O%A_>X^C1)7/<Y"J:*Y1[%F<O&;[7*RM1A
M:+JV"E+.9W E!4A2FY"YXDSFQA?.N/';>D0?X_?ORT4ZO+4A,E>?]A.A#93E
M=:YM1% ZD^7@BY5^2+/%YU?J)W;2" 5W=6%C1G=<F?TZS%?_"%?7^!N9G\2[
M;675Z9KMR<^U4E/#:6ZD<VX6? AC@1=?DK) MR,G((0,41B$G%CQEJ-BI7G#
MKB?H.;NMQ.';^^8$B[LFP)[A^<WB'=:#0&X+_0"=BM7AMS^$]7R]CTW5_,#:
M 8N3!&HG6_)@<N)D/1A6D@D,<^L7A6;$3ZO=FN'MNRX4DPAW0O]AO=K,#CFL
MV]@Z-\[P@@D8U[5I?'V+"9RN!6UY]%)))P:%D.G#=P!)O[L%X_TU.\'2946^
M;,#_"7&3]C3/7EU=[>FO=NU^K'RMY@C"0V8U*\.S!$[%&I<J*=GH0[9/V99K
M3/_V8?GE_QW6V.'H\+M;'#U%PS28.D^:R\:L[>#5ZQV24IXGLCY_#.N/='3J
M__W\W]?S+^&J&B4/_^F6=4X*Q8/0M-- K$M&@^/$2:--BH9E9F+K_(33J9TV
M?6%:%79A6;]85.^KL)5SW'$=05A73[#UX"4J<H[0:!N%2ZYU?/L<>J>]G"^%
MJ290/D' '8#YM^4"O_X65O_$S>OK13[L0BK-0G&UXV1EGXD*(FT,#.9B7.0Y
MN]:IA ]3\A(!> H2ELW%T@&X?EQ^^H2K- ]7;\-G7.TW87W4AJ0/W 8%2M5-
MI%R 6*6,5D2'DXVQ]2 AT][:DT'K?*'T@"Q<;>9E3C^&ZS=EGT!PZ&.C,GJ5
M4GW&3'1(R)39]CR21J,J="V(TCJ8^@0YTZ8C3H>R1@+J &N'6O)M5P/:Q:$.
M(2;%+!.V-L3EH)QVX$MM/BJ%-8EG5;!YW\>'29D68WWX'RVDU"G8=MTT</\&
M4")=_KE>_W1R:!NL0."<3J7AWN?@T+K6ZNU9HB:.=K40_0 XG2Z'J9/5PN+K
M<G%0Z\4(1K2KVAR*"&?%@;-:TJ^\M(:H$WQ(N[1O/MH? ,X0UK(%YSK0)3>*
M^8>O-[_\]SFNB*B/7W_%+WBU/2:"1YYT4:#MKHDV!\\4AZP<.152FI);UQP.
MHVS:%/P^KK419-@3,N^&J+_?W_[PUK[NO @.D?Z[:T(6O-; N<NLL*PB2V,!
M= B!G42P&B+D,1 V%U=/6/QE\?EZL]YRC.\5OG$8G"BL]FHAA1^E!>=8 E8+
M%5 +7>ZG"[5#WO?D=(*S]B!X#&YG2J13<(G]5ES0S"5F0? Z4$5$1\PR 0R+
MFB7'2VD_E.EQ<CJ)84T"KE,DTBFXY.&-Q:IBLC% )Z(.'3 1@N.!7"&CH_56
MV^:S7I\@IY,'BDG =8I$.@#7 ^T/LK!)HK& :*H_G1"B+A*L*]IYDZR+S>=^
MG-9?8K0"RCZ<@C-ETP&Z#A[[C\M/<;[89\XO:IT7[8I^M9[G;=U7E>JJ#O[9
M)[&NTVK^N?[Q+(? 34ZU'[&I"<8V0DV.J06#1G@N>$G-.^6<2W0GG9A.1,TC
M+V27$>'4+V@/[^S_PZ^D"*X_;?>S+LNM;MC^S8P.M,G.:F VD;_%R* (3%E(
M)0AN%,_.W[N 'WYE.W;A3OKOG(>Q\5G>@0[\ Q?UK?++?//UU2)<?:6KX4VY
MN6"VD[Z1Q+=9[SAQ7;L;_X#_CE?YAUW#6:)ZN?H#5U_FJ5XUVQOIS>K.A?3+
MI\\A;=Z45_E+I7HW0NV7Q:[V\8:)=X\D)R/7>.$A&E2@T!=PWM+]5'R4W!<;
ML76V?H=LZ*Y7]CEZND/^'@6S#D[JPU'R!\H09C[DHKDT8+10M6$P677<"C R
M8_'2&^9:-T\>3%QWC;C/0?4X(ND :X?C^([857?W^FKYKW_'_&'G<;S:W&R1
M'$JMG% %+*/SH[@4$)428+,L.A@4LODXG,'$==?)^QRLC2.2/BW:ATY0-DJ(
M2.J92TYVE8\1@M$1LHHQ2I$*L?-T4_94335:QYOQ;=ASF=R!FGH;ONZ>T9:K
M=[7>-YHDBBITCXO:/;46O3B9!4@1,Z/;7DC=6AG=(V':;CB-5<XY[.UGA,EI
M3P0'^W$WX/E->>2?W/0"XC.?C*<[W4.60M,5SR5XYFKN/_'(>>(;MIZ]<Z&M
M3=N'IXL7HW'A,/$M?->T^.-?X?/OR[J7L!]N/DN&%XTI0#;5=C6%06 A J??
M%^YYRC$/N'F?7F7:MCT-;]N&S.RX)<4O"_HEO@]_XOKWL*K@_X*G=Z1XZFNM
M&E(,IKA1/XJ;]6[-J]OV "[[$&. R$0@W8 &O.*I%CNPXIF).K<N;'J"G,;3
M2M#SH *3X(*AS:D2($CC0"931&8VN]PZZ-O3M))6<G]F1,DQ7.[ 4G\L.SIH
MEJU!#3:6""IK4H<I)N I8.0E,\];/_6>4[YPJ0$E1TEW8 W",:SN%#'?IE/+
ME)7EM;5*$+4](H]TD#2=)IMM8J:.E1\K^/K":A".$OW1-0C'R&%B2_<MAG^^
MVUD&I*?_[5#0BDB*627P1"HH*\FO)2./G%O.7,90@F4##-P'/]X?(,X0WK(E
M)R?N./2N.G2[43XI1F>] !,=*=M4%#A1#&E<%%[4Q]3DANB19]H-W2S827#\
M])OF=/;U(/-#76FI8WEJ7AUADVPQ4\"A)(/,9\:%E;JD08630Z0^I2HX0UCW
MQ7T"YR86^&_AS_FGZT\'PJ4TLB0&W-0Y\KX4TG6<>"&<$9PSE=2@Y^%G1/[-
MHA,+_121+5OP;VK!SQ=W"'?%<[[M>>5K#;FA^\VG%,"4E+G*7(;21/!W%YU&
MRS<3_,G\Z\!UN''!7UUO/BY7->=D:P4[%E42"8+U"530&7S) D0)/NEB0_*M
M2QT>IJ23S)[S7<T&C.X2+GO;V":7I#(&HK>UOI:3(6MJY N9"Q831M7Z)>LQ
M6CIYTSI#SL]"YP2F=P">U\L5SC\L?JR/^ZNO>WV9I-.ZUOP'.D^T!W*OG.46
MA-VJ44=JN'5C\X?HZ TTITCX?FW+N>SN #(/!)ND5HI;S>K;C >E(Y++'#D=
MK$0F%R-77+7NXG)B4<OXJ7GG7TMG,K@#B/Q<"J8:H;HY1#6<^ [3<I'F5_.M
M4/[X2'S](:PQUW$/N%AO__3G/Q.NU_0/]C//WN(JU=P-5Y26*BOP.>4ZK[BF
MO3(#=9A>T3RGP@<]<AR!L.:;Z.2)_D14+7L2<0<8_WNM2%M^6,S_!_/M9M;O
M,%^G;5G%.UQ?7]4LB]<DBU_#YS6^*:\^?[Z:IZHAJCBN-_1'O\X_S7<H6,\X
M*NFSUI -"E#.6(A9&[H)O,DL:<5<ZY# "-OHY(&P#<ZG%G._2*>#OZKSY+[E
MP-O5?+FB(SU?UI]]N]R]VI.QG1CSGD70!DD0A2P=QXD%)D3O8@H<9>O^(RWH
M[L37'17+XPFR _#>SCY<KM<_AM7J:UFN_A56F5A)=EB)G$,Q]3'980WT(((P
M3 H6='2E-20?IZ83Z[4-T!HQ?>)HZ]Y9>X?E>I&K,G\;OM+GK^@X_$B4U&&K
MGAL=I"Q@H[;[+IRE2,C>%W28. X:A?7\2MW5@IP"CQ&8VH&&>5RK[NSBM[@(
M5[7$[]4B'[(K?_ZSFL,XBUPD%Z6C@R C*$GG(C*/8#-GB3L7A;_<K?@LN=V5
ME(QS&;85VPM%Z'XVY\S%[(Q3"IBM+39*IJVFH("+X+E XP6V?D0^@]SNZE<N
MC=!3Q-8!0G_:+UN?6[>UT7];D>4P*]S34?,92A"TBY ,>"<]\&2Y$V1P,MXZ
MT?AA2KHK(3D'5PV8W0%D;EI6O+JZ6OZK3NJ\R5,V6AF%P0$+V1"'?.V-;AE8
M*T7"0/QQK4N9'J>FN\J0<Z#3B.D=P.>[0_#]UF8^,,E=4D#@)U_%DYM"3(I@
M@V9>6RR,M0YK#"!KV#,R>R&(:BV'EU%T='?"]1T.W.D'0G?ZCA]-RI).6&^$
MPJ5S=WV!TB8=+2%+:L!"_U%T]T$0.H-57!MKM'?-+8X12YL>9O+;U?(SKC9?
MWUZ%Q88X7GM_?*XG>B85<TE* ;RX^K:7!/C@5*WR\3'2,0ZQ=3G+D21VDA-P
M)G*>4(+-Y=3777MG>W];+O._YE=7.^\E+#[,X]6^)>3]W\^R9C++Q"#&@*"2
MH+VR&B#D16BI LOZ,L \@NAIPV"7A>I8LNP6O+]B6-=&7G=J[&>UX5;4M6N>
MBW0JE=/U5<C7P;6N2/I#WWQ*^V#BIHUC71:,Y\JF6]!MF\'--%G3!:T"+;6N
M+Y :7(H"0G">&11"Q-:C_YX@9]JXU66!=3S_.X+2#:ON;&BF#"8MZO#+Y&M^
M?2KDM#,-1CLTT:+6=BPL/43/M%&NL<%TM@1.1]-R$ZY&5$PS(146C1X\T@:4
M\YFN<XD@@M4R,DOW>^L9'P]3,FV(ZK+JZ"BN3XB=&O:]_\RSGPGV)E[-/^P:
M#R,+ENQ"!][4UOXQ2HA!26*78"8(Q4RZIXH>#*4_N]"T(:+6"&G/VXZNK)LW
MP<JO_9_M0[!W$TK)Z3C$QA[../UQN=[,O&/H8I $&4N*UG$$LOP,'18?DE/"
M&S&BBFJVCVDC41=0<--(O$?4_[+X@NO-SG]Q3DCDJ0XMMZ3JDR0SP2/]EO/(
M8HXI6S\V>N_0,VU0ZV(H/%4"/:)I\(F:L<B3#Y'<FJB(A9:L44<'"5200FNR
M-QQOG91T.K431\/Z4XA'B>]DH'[!55Q>#JKO2*RK+[OX4,UP"5?KFQ:6J9K"
MKG"9I% @K'6@="X0T4=(A2GI&'=J_$R1X\D>!MZ7',ZXB$![5+=/I4!'7J=6
M*2#.2F*M0;++!9DI)JFDK&3*CIY6<&8B.G_)<8NF IHX1_V);=62CKNO!1&%
MDK52@PS?:@X3]V+)"-E8D3/*.*Q-V/ 5AR'IQ00=1F1WEPIL^]@=N9*21PZH
M<@W6D2/EI,I0.,I"P-!,M$ZE>YB286!ZR8&&4]G>(WAV&:7( D=3/!0, I2*
M$5PR%KQ*1226=7 C!D2/3=_E+S:P< ;;^PHI/)H!**SSNC@.4M5T]EHU%CT3
M4&)R.4NMA&\]-;59)N9+CC8T$<BYLS3&0=GON)D)3GQ 2;NH_5:4* 6\Y71F
M;,@Z<A:2:UW<\A =PW#T8F(2S5C>3#E=+)?W[6KY9;ZFS^]?8UXO5W=^LGDJ
M[[#E1L[D/6'/%TCDC3&*@CY#JF5/RN?Z7&L-B)(8 5 +$5KWL!HQD??'ZU4]
MR:^Q3FJIM;+[9Y0]R^F8,NL<G2JN(AW3A!&B#1[0UN%&SB"WK9^_GB&IWT3=
M8Y#QW<3$AG+HP&[?;V=;TE''L-,_>&!3Y&TD73/FG*P)FUPY",J0>>DTJ\VV
M,[__<- *7$\3UF^";0.(-91)/T#;%_\_<&ZT4*&H! EE I59;<JH#5@1>)3!
MNC@6Q!XCJ=^$V1;ZJX4<^H'5#;?N[<:Q1,03^3+6)GR:D:VIM80L"E/(9?'8
MNFG<TQ3UFRS; %0MI-#1<\3^CG]L5YD[EVL74*,2HYL^D0.<'((D?A5A3;8F
MC.0Z/DU9OSFTYV!L!*ETH+\.N_KFLG]L;RKH8HN)('2@<V28!D\^(L@@R!>O
M?G,:ZPUL"'W]9MZVP%US"76$OKTU\-BN#)H<&5F9/GM99[\'B-(62,XKK0I]
MEXVFZ9ZDK-],WB::KIU4.L+:H]NA@Q(X;<+7G2CN KBL'7 9M$S)9VSN #Q#
M4K^)MBW0U4(.'1AKC]H!EEL70@9F61WU8CW9G'5 &'DW'G5,PK1.EST'1I-D
MRIX#HQ9\?QFO^]]VM'Y3'NY[7:OS#W]1?U\;J.[RV:[GBP_[))'EHDD 8!2*
M1H@1C,^Y"X01;/%,\\#)FO,&5%"&3#JN :-4191 P&Z=JS=B&&%(T_97A]?M
M7>OJY>KK-S\\D\S+'-!!8;DV<"5W/KAJ[J(NO,2:;M ZL-* ['[#$<<@[)0F
M_"WEV8$A.6CNP(/.&JYGN03KT2>(ODZ L\:#(\<,R#4+.DI!+&_M0I]#;[\!
MCK%!VT2"$Z?F#MGGWQ<)5W2SU:?XFSCZNG;OM(DEON5G-9XB.*8-\.1U8%D1
MR(;4PIY.0;_1CU.0=T%IG)OK]+[C&3S62.%X8J"U%W7PE02?2@13C/.L"(7B
MKS&#9Y((S.@J=319OP ]NW],>QM6FP4M^G'^F3@Q7[_*_W6]J^^<^8"J:,$A
M&*5J'PY;ZXT00L9$_ ]:Y=Q(Y3Y+3+\AG#&U;UL9O1!3];?Y8CM;\-"_>_>C
MAS[S7@27N59@L_1T\^@Z3XX,=.)R20J)W;+U,];91/<;!QI;P[:3Y<NR(NY'
M*NI/_#2G?U@%-@]7LZP\USG'FD1,Y[9.2G",*= Q:F91:2NF<+N>H[O?^-+8
M2&XJT1>BB;>%5[>7S7I6K"]1Z0PA2CJFQM86E5Q!#F@5TJ'US<=#G4)GOW&J
ML5%ZEL2Z1>4#C]_KF=!.6>&(B[*681B&X(O2P(/QV7,OA<>+8/$AZOH-<;5'
MX-G2>9E1KT=&T8P2SWIFK0M$JH[9[05B4"B+=%Z0Y6AB H6>+$<3#;GFVF8A
M1%:F=>>R$6-0CS!W1CX=]UHSD+EVZ\JN@'/. K,Y>VD2*ZRUBGN$E'YC1<<@
M8> TJ:/XWL&EV62&:8FHA4\.D DR%)1$B)I^);)-(AERI[!<!FM'T=UO/&@$
M8(XGT2Z:7HTQ5YI)9WBQ"!(%'65/=D@4U@&+L01-,DKIKS(^?)+8TP@HOYB\
M&Q;A7ZB:>EEV?QRQ+%=XYT<:EU$_N\ZH]=/'[?),:[,^Q7^_] _WE[X!?(BB
MR*@"&)09E'818E35H0Z^"%2H6'J&Y4<NV28AM+;T>B21;/W=TC_1+]:;>9HQ
M.A99*@Y6LKQK^Q6LYE!;^OL0&/>L]3/E&>1.8Z6.B:"'DTS'EV4'5NT)6]V_
MT<Z$%!A"S!!RK&F\/D(P)D(6J>12='"E ]3NJ9W&@NT<M*=(\F5B]N<_B<$D
MY?DBK+YN9T?^OJ2_76R(-%KFPR%R-K,V1*^]![*H+"A67]2RC#5!W6,6BH<>
M0#UT.]-8M)VC?A0LO(SIGV_O?'59?L?-P_,]0M,1H*<N.H+UVV3_#4SA8^FX
M.2HY*,U)*P,OK#I>DD'@Q0-Q/K"2N-0B#K"+3UV_>3'>;7NN@$J4)#2P6K&O
M8B[@4\@@35 Y,QO0C=6;^'MJIC-Q+X*,9VOS3A-+!Z;!4Q.OZG;H.G'%QPC"
M)4=Z'4OM'E@[UJ,3(2=IU5BS6!XA:3K#M ^HG2&@+IY3'YF0A47+S+@ )ZRF
M<T,>H#-U;J[-]7G8J>1'' MP;"_L44S 2?%UAC@Z#I235?UIOLLY(;9],[?@
M]["J!N\7/-UF.^;KK8RSDW?4*/Q]9_U7]]9_J')9"!Y\U&",)T=99 7>>0$L
MA\*B5+%@ZSC'402>J\RV$PGN+O&^A@!FB1?G?.WV0*X8.6B($%B6D+UTI)!=
M;3#8>-L/4S)M@'P\K-S78@WDT($Q]NMR\8&^]NDGC)OW]&]>_3E?SU1AWM$U
M#HSQFL!)#/*:=A-938M*T9G<.@+^$!W3(JF%?+^#S)G,[A P/RT_A?EB1JX&
MDSD0V=O.S5EDVD6PV^(@Q1RB"ZV;93],R=2@.5?"ST#F!'9/7('UW<#1W_!3
MQ-6,[$1E7520LQ"@I*'-D+T'$166[$LJ13UC##WQ^;Y@<(K4EFU9V('J^.%Z
M/5_@>OTJ_??U?)>;LST?<C=NTX'!S$$%YL SI4$SYR*WZ+\+))^M.QXA9=H<
MJA%NG!8L[Q0Y]9<K/!RMVJ_(HB(=*SAMJ&  5SN*BB!]LM&05=>Z#]VS1$VK
M@YJ(?@"<3I?#Q!?3[^3E?EQOPFJO31&M<((()NYX<@9\ :]D HO91$O>0"I\
MP(5T[[/]@> ,@2W;<&]BP=<,T?5'O*$\D7*510 &HZ'.SX) )P1\+A*=BB*6
M(<7=WWYUVIMD/+&?P;L^[- ]X2DSTG>"-NPBW:RUBZ$7)M=6,4C_,VA5&&Y]
M'B'ST7)3QY/YZ9R;6.2_A?QN_H7 NKQ>U,XM^QU(GDWFG!14J3M((I'2LAQT
MP(19"X/WFY0]*/N'OSYM#Y'Q0-" EQ.CX=^7FX_ATYYN[HN4P3- PPRQP6!U
MQQT$G;T/*CLW:-[IW6].VYAC/,F?S+>)Y?TZ7%VM?Z3]_W-/N\E,<F<,V%1;
MV%GRF7UD"EA.CKF4A%)#&F?=_^ZT/2W&D_M9_)M8]G_@%US\\7E%KG2MG:CQ
MK(/%8IPF@BV$6/MK*%$;VU:_FDGDSJ/@R0T P:,+3-L78CPTM.'HQ+!XM2#V
M?PJ;S1^85]<WSVAU[]J3"QQ1$:ZMJ.^S%B*/BJXWE.Q^">V#D'CPX],V8!@/
M#N=S<F(H_'V-J\6/R]7GY>KNDZI/(N22#?#,R9Y1UH!S08)3/&#Q(0<]1#T\
M_/5I>R&,!X8&O)SZOOC7?/OV6K;=<+=9$K6\E!]P;431Q3A &3)9N3I52"/=
M?*P(66<FWZ^=?/C2>'*582]%[.7!HR%S^X2)V.^$T.Z2MJP&^NC^*TQ ##E#
M?5<U-J#G]WM@'@,3<0Q,7N"+8D/F3OWN<+V8I_GG<#7??'U3WE__%V[6Z>-^
M'SI8YD+20!8S>5#"J=J1R$"0]!=%<Z;$D&?FI]88!I$7^/K8C+%3NZ:[INMO
M2IDGI(VLPF)-E^>&T%\[KA+##LK1(Q<^. DD>U='KCC:GN80$JJ<-5K-AQ39
M#EYP&'1>X"/F."SO'D<'[>E5(94I"TCE:_M^JX X60!3Y(%S,LML:8*CHVZI
M%_@..@[+>PF%[CS[U_-%H-ULK]^#EY^=$XYK"1ISS4+@$2+: '09"V3&99N&
M5#4]O](PY+S =]3&3.[3%);[G5BC/=VX"@P/B7R_2.!W+(.4C)6 AF[J,SPF
M>0Q47N#3:T/F]@D3=?#]$N=>Z%*GL2(QR F@G1F()<?(2HQZT-/;TZL,@\E+
M?)-MQ]P)8;)>;6;OPN+#+EG6.*YJPALI/E<#BC6R[#UQA?MHD6=A_:!D0/KJ
MG20N^MUM M<W"TX;M&^8\G<Z&WN0_4&S"6%"*A:R\74P8$'PQM=FJ39(*3VW
M<E#EP1#I3YF?=8:P[HO[!,Y-+/#?PI_S3]>'B++GGB=#9C*3V1+@I8 H1 *=
M2$$EFPOJ%B+_9M&)A7Z*R)8M^#>UX.>+.X0GX1T3ILY?CW0]U9<;;W.N+S=&
M:+KU1!Q4?ON<X.\N.DU:7C/!G\R_#G*XO[OJ?OCZ>]A<K\B)OOWCKUM]:,D/
M"L((\GLJ?QPFB$DXT*6:MU:G9%M/-AE.W;0)7J-4I8TBF.X@M]_5WN;&%$JH
M;8RT$EC99L%'S2 YNG"Y,<Z:UD4G3Y S=;G2. AX$FBGBV/JD6*?/E\MOR+^
M^[(Z=A]^6"[RX?V&!V&#H',7@B'ND'\%(?L,S!A>A JJE$&C&1]=H2><G"'
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M&QL.CP5\SI9-%P.8]M3O@ZB2L\2DSF3K<[K/=5$0D1D(A2'/6F'FK2>T?$-
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MWG?P%E7/R()^Y.NM#38CNXLY<J0@:(UD;#/RJQ2QSF+VPCJ=DKNG>\Y^EGJ
MC(D'43=^HCJ7SUU Y:!$7Q.W=HVRK^F [,VTY6)]."KUY[8'Y><_-ZM HIHO
MPNKKEHF_+^EO%QLB[6H;W]V=JADR;Y3A'B1+"E26"0(G)\]*R4T2Z*+AS2$W
MVG8FGH3='+I]R+V#(_"4XL^:CJV*""%+ 2J1:>&LK<F4LJ#SR@;5.I'C[&NX
M]Q??UGSO $+5A:EGZ4T=(?%YN1LK_::\6J]QLYY):UQDP0)'9T%%KR#:6G"<
M8^+$+:]TZ^%V3Q(T\03NQC!JQ_LS$D(^;*=/-?$.?OQ89Y/.%Z_#?/6/<'6-
MR]NQ?YLZWFI^&"\^4SHP#+J0'<KIE/!LR-W)H<[4,IK\($:G9X!+,'S%8<AY
M":_1(W&Y UUTWT&^N9:SMX%QQ2!'2Y:I4@:"]0YX+"IE)9EF@R;\'ND!/$3+
M,!SU_LK=E./3*Y_#=EZ3V3?_L/CQFDA8I*_O5V&Q#MN!>@=5NS,-R2@D4P]]
M\,P#.<">F,7HE-2R$Y-1^IQ#;G^U'4'>L-2WWE_-QY9+/\@[')Q#P"@)*^3N
MU)A0'8D /MD$SCD,7&;,MG6[T7LD#$-0[Z_L+?C;Q<VV]T7W]/^ "RSSS8RC
M%\IK!K+H.BLI:0@Q1$A:\))-8BA:9UP]0LHPN/3^Z-Z2W^<JER; >;M:$MU5
M0\Z<P9R"4&#K*&,E744[09ZGE(K'8K)EC;%RN_HP>/3^C'XF5SM0)+_CG>#1
MJ\UF-8_7FUJ!\G[YR).64-%RGCFXDA5M,&<(J"2P1/:<5CF$TEK%'$WD,'2]
ME+?U<674A5KZ9HLS[5E$73*D4-O=>*O 1R<AHP@Q.K0JM3:EOR%@&'Q>ROOV
MZ;SM0#\=,B#>7H7%YM4BU\CW=H9Y#70+KXNR+D!QEH.RL3:IDPZ"(;XHQYVR
MOOT-]B@]PV#S4MZDFW&^ Q3=/HSN<FN^V=O-QF8!>2V,2Y!RJ %+XVN/:^*>
M%2+7\2$JMX[2#:-L&+)>WC-U,VF\J.DJMV7B(XU<>7*!\>:P#-]7V^$LZV^:
M+ZPPK&\F;5A/B$$RQ"/+Y)\5B^2?Y?H"Q.M;M8_2JL8G^EFBIAC7(H,V(>?:
M@]V*/1^JDU)<SBD+,A"Q=<K+2QW7T@A-+>:V'".UJ9O#/-H()3BF=?8)4&M6
MAZHQB)X+"'1-8$K9,S?(F!^URU!7\UF.$ON@+D/'R&!J(#W:2D59KDP)'CS?
MQJ^S 6>T!)]$2"HH:X?E4/V5N@P=)=A!78:.X7(/EOW-#GZ:KW<O(R20?7SH
MT!?9LI2,4?ORZ4 FI0^(D'P(B@FG3?/,I0%D]=BMZ"CAW[?J&TNB6W 1KW"]
MF:?]GJ(OUO(H(#.Q;?25(&@4H .Y0BG&R'3K9_0A=$W3Z^32\#I#%GVT2,O6
M!:ZT@4Q' Y2(DG0W7?W6,1O)O];F_IBA\5ND-8^ZM$?%B1R<V+:IR53+JWG>
M,GS[CK*]Q)6R@=4><=L&/LH08#UF"UHB\REX@[E%^\2'5W]Y#:U/-8\;<+\[
M_!R.D,:<DN,UM9/VP )9@"4S$(;8(8@A:E@H]V@$36T9MY#IDQ Y@<$=&"Y/
MCW)4)0M$H\$D,L640PY1DON0I%,AZD(N1>L([OD35+OJ WR*"FHOFQZ ]LWD
MBZ "YXIN8>O()579DJ%O1:YMRH2+WOM0_M?.3SU*L$_.3SV&RSU Y#JN[S+"
MNV!8J3Q0KMIKQ -76QO0<;(^2^<4:PZ2;TEX>=U@S](W9_"_+_CL\6^YSE&:
M&FP6M34NW<4^U [+PG(>!#K=/I9QGXB)-<TY(GT<'B?PMR^ /&(-8@A,<X\@
MG:;3PR0'+WP&HC=J]*0RTZ"Y0J<!Y@RW:[P,H^ET4 ,9]0ZZ_3E*)I68BP#R
M02R=(PQTXP<$1"PY%EF2*I>$76>:JP40CH'9"5+I 6B/G\]?;Y-Q8N#(E0;F
M3 2E8R!WMY!%J(Q.Z#(W<:0LAR?IFK@IYZ5U7&M)=8"^F\:S@4E=.Q8 8S7?
M+W*B6V@-6F2K<T@<FR=]']7)=^RDD(92?:RW[S$L[@ :-?-\6WZWV9>7:Z+#
M1,Z A5H;'.O^>2BUEJIP'8Q3S:VL^S1,_)8]-E3.8GD'D+G5R ?0UX8K/_])
M*RS"U8_7Z\WR$RWV:I%_72X^_#K_@GFWT9URSCIXSM" 3%4Y"Z4@N,0!Z4)G
M@I7D0^NB[?,H[@*.HZ>SC2[+J1.2'DV^R4DIGWUE74U0%D43)ZVL*=&8F!4\
ML$%FUTO/;!L? 8.2W(X1Q]28>C08+KA+ 8D9DK&:5Z\L^,0-)"2OQ1=OI6HQ
M WE@DMM(*3-9%!.<M&!SO01K:RSO-(*5#FGS5C'6NIC]^)29<7+17$C6H_,0
MDLAT_\M,5EXT=&^C+$HA<A^FSD4[W4\8J %NS2''K-61F%!R]<9MS0*1G'Y+
MI]4P87V,K9%P*JV])$I<3-M>5+@=F*??F=<B:3*%) <;:W(M9Y8NE&@AE(BL
M%.>D:)TW>I)',]H5?QG)/^?E'".&#F!T>U)_7FSFFZ__,<^'04X_?/TM_-=R
M=</"'[[>.(L':WUW7(V5F%21X$(-\<;,P!NCP6KO)3+&BF\>L3B?[(GS."[D
M[UQ&JE,;J(]:V8C%B$)'FXRX.HO,D8$JL@?+I5<82HA^^J'A%W!Z+@2#09[/
M,3*9&EB/>CYDA"#Y:P@BU9X5UM;N%5A .L.=J$Z"; *LUI[/G51D\LX,*ZKV
MMR/"E2H&?,8(G,PLSV,23#V5F7!>,O?Q-]5W$/X&P+>W>4@NL9I+7[0GR1B7
M2&62SY8QIZBC=URT#B\-)*T7F_RRRF!,^75@0'UG ";!I6(J0>8J@LJF#L>B
M:[P(IE-DQI;2NBU#7W;X*()^SNP^ANL]MU_8+-,_Z?!=K]+'L,;:8^*,5@N/
M?ZQ96X6!]#9JH? V?-UJH]?+U>VBI-"V V9N+.=HLW=>%^!*.E!>,HATF4%(
M+"/3:+QK'7H91-BYJN952GA5FQMC_N,C'<7;E?;JN2C)/2(9);ZV.7%THX?D
MZ8(O]73X(NG*;[SQYVB:5A6UQ\M]1=14)AU<9T_LYR?ZPUWH0I=8N"5CE]<Q
M$<S4ZC=30.B@I3#,\.;/H /(FA9I;7$P'&0G":5_G!V*!XK.6N0(Q3,ZF9SL
MA&#)6>&!^X3:T'EM7:T\B+!NL78:'(Z#VPFRF=J-/[Q%_)%P$5;SY>X=0BMA
M.//$HDC^KS890D8+DES?>B9-N#_4[[RWH;N+3^L*CJ*LVC!Z:J3LZ?[[8OT9
MT[S,,1\>?)0ISF4.Z&PM78@*8@D,$G>LJ"25-$W2)QXCH(-^+J<+==F:PYW
MI(:E4UAO#ID"K"1K9 :4Z,F0=!E\,1Z\Q6"#UZ*$)H^"#ZX^(4#:B/0!D)S!
MW[YMG-M7$%62$8(%J,_&H!#)^:BO%Z1D;;#*<Y5;.ZM#Z)HV.C:5-7V:6#J
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M#&X'2W!&3"&#2QLLM70T%_F<$S9PJ5[JMJ>P$L:01M_@VJ<NRZ#1<"O <6M
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M_39?A_GJ'^'J&F=6&*DJ9ZS9O=D$<-YG*"KR*'AF13<WMB^[Q8E??CLY)A>
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M_D/[:.^0?_SA_U!+ 0(4 Q0    ( #*!.EGA'JYUWR$  %_.   >
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M2P$"% ,4    "  R@3I9<S( ,1Y< P O!24 $               @ 'U=0
M;71N+3(P,C0P-S,Q+FAT;5!+ 0(4 Q0    ( #*!.ED*6,%@_1H  &)- 0 0
M              "  4'2 P!M=&XM,C R-# W,S$N>'-D4$L! A0#%     @
M,H$Z61\.ZXJT+0  <\$! !0              ( !;.T# &UT;BTR,#(T,#<S
M,5]C86PN>&UL4$L! A0#%     @ ,H$Z67Q^)EKHM0  8MD' !0
M     ( !4AL$ &UT;BTR,#(T,#<S,5]D968N>&UL4$L! A0#%     @ ,H$Z
M69#6LX1UW0  Y$8! !,              ( !;-$$ &UT;BTR,#(T,#<S,5]G
M,2YJ<&=02P$"% ,4    "  R@3I9Y9L,] %<!@"8Q@8 $P
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M              "  ?+?#@!M=&XM,C R-# W,S%?<')E+GAM;%!+!08
..$@ 2 *T$  "<U@\    !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>100
<FILENAME>mtn-20240731_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xml:lang="en-US"
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:country="http://xbrl.sec.gov/country/2023"
  xmlns:dei="http://xbrl.sec.gov/dei/2023"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:mtn="http://www.vailresorts.com/20240731"
  xmlns:srt="http://fasb.org/srt/2023"
  xmlns:us-gaap="http://fasb.org/us-gaap/2023"
  xmlns:utr="http://www.xbrl.org/2009/utr"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
    <link:schemaRef xlink:href="mtn-20240731.xsd" xlink:type="simple"/>
    <context id="c-1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-2">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <instant>2024-01-31</instant>
        </period>
    </context>
    <context id="c-3">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <instant>2024-09-23</instant>
        </period>
    </context>
    <context id="c-4">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-5">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-6">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-7">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-8">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-07-31</instant>
        </period>
    </context>
    <context id="c-9">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-07-31</instant>
        </period>
    </context>
    <context id="c-10">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-07-31</instant>
        </period>
    </context>
    <context id="c-11">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-07-31</instant>
        </period>
    </context>
    <context id="c-12">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-07-31</instant>
        </period>
    </context>
    <context id="c-13">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-07-31</instant>
        </period>
    </context>
    <context id="c-14">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-07-31</instant>
        </period>
    </context>
    <context id="c-15">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <instant>2021-07-31</instant>
        </period>
    </context>
    <context id="c-16">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-17">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-18">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-19">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-20">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-21">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-22">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-23">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-07-31</instant>
        </period>
    </context>
    <context id="c-24">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-07-31</instant>
        </period>
    </context>
    <context id="c-25">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-07-31</instant>
        </period>
    </context>
    <context id="c-26">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-07-31</instant>
        </period>
    </context>
    <context id="c-27">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-07-31</instant>
        </period>
    </context>
    <context id="c-28">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-07-31</instant>
        </period>
    </context>
    <context id="c-29">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-07-31</instant>
        </period>
    </context>
    <context id="c-30">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <instant>2022-07-31</instant>
        </period>
    </context>
    <context id="c-31">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-32">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-33">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-34">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-35">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-36">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-37">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-38">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-39">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-40">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-41">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-42">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-43">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-44">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-45">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-46">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-47">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-48">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-49">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-50">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-51">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-52">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-53">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-54">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-55">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-56">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockCommonMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-57">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">mtn:TotalVailResortsIncStockholdersEquityMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-58">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-59">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:LandImprovementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-60">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:LandImprovementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-61">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:BuildingAndBuildingImprovementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-62">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:BuildingAndBuildingImprovementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-63">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:MachineryAndEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-64">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:MachineryAndEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-65">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:FurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-66">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:FurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-67">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:SoftwareAndSoftwareDevelopmentCostsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-68">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:VehiclesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-69">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:VehiclesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-70">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:A6.25NotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-71">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:A00NotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-72">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-73">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:NRPLoanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-74">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:MountainOperatingExpenseMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-75">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:MountainOperatingExpenseMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-76">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:MountainOperatingExpenseMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-77">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:LodgingOperatingExpenseMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-78">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:LodgingOperatingExpenseMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-79">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:LodgingOperatingExpenseMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-80">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:RealEstateOperatingExpenseMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-81">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:RealEstateOperatingExpenseMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-82">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">mtn:RealEstateOperatingExpenseMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-83">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LiftTicketsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LiftTicketsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-84">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LiftTicketsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LiftTicketsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-85">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LiftTicketsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LiftTicketsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-86">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:SkiSchoolMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:SkiSchoolMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-87">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:SkiSchoolMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:SkiSchoolMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-88">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:SkiSchoolMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:SkiSchoolMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-89">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:DiningMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-90">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:DiningMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-91">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:DiningMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-92">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:RetailRentalMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RetailRentalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-93">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:RetailRentalMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RetailRentalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-94">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:RetailRentalMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RetailRentalMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-95">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-96">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-97">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:OtherMountainRevenueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-98">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OwnedHotelRevenueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-99">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OwnedHotelRevenueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-100">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OwnedHotelRevenueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-101">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:ManagedcondominiumroomsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-102">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:ManagedcondominiumroomsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-103">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:ManagedcondominiumroomsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-104">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-105">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-106">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:DiningMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-107">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:TransportationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-108">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:TransportationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-109">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:TransportationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-110">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:GolfMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-111">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:GolfMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-112">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:GolfMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-113">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherLodgingRevenueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-114">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherLodgingRevenueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-115">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:OtherLodgingRevenueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-116">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LodgingrevenueexcludingpayrollcostreimbursementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-117">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LodgingrevenueexcludingpayrollcostreimbursementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-118">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:LodgingrevenueexcludingpayrollcostreimbursementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-119">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:PayrollcostreimbursementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-120">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:PayrollcostreimbursementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-121">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:ProductOrServiceAxis">mtn:PayrollcostreimbursementsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-122">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-123">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-124">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:CanyonsObligationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-125">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:CanyonsObligationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-126">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-127">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-128">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:NorthstarMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-129">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:NorthstarResortFinanceLeasesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-130">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-18</instant>
        </period>
    </context>
    <context id="c-131">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-09-25</startDate>
            <endDate>2024-09-25</endDate>
        </period>
    </context>
    <context id="c-132">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DividendsAxis">us-gaap:DividendDeclaredMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-10-24</startDate>
            <endDate>2024-10-24</endDate>
        </period>
    </context>
    <context id="c-133">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:DividendsAxis">us-gaap:DividendDeclaredMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-10-08</startDate>
            <endDate>2024-10-08</endDate>
        </period>
    </context>
    <context id="c-134">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-135">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-136">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-137">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:TermLoanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-138">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:TermLoanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-139">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:TermLoanMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-140">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.50NotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-141">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.50NotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-142">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.50NotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-143">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.25NotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-144">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.25NotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-145">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:A6.25NotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-146">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:ConvertibleDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-147">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:ConvertibleNotesPayableMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-148">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:ConvertibleNotesPayableMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-149">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerCreditAgreementrevolverMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-150">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerCreditAgreementrevolverMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-151">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerCreditAgreementrevolverMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-152">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-153">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-154">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-155">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-156">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-157">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-158">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-159">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:CanyonsObligationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-160">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-161">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-162">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-163">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-164">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-165">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-166">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:OtherDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-167">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:OtherDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-168">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:OtherDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-169">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:OtherDebtMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-170">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:A6.50NotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-171">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:ConvertibleNotesPayableMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-18</instant>
        </period>
    </context>
    <context id="c-172">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">us-gaap:ConvertibleNotesPayableMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-173">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:AlpineValleySecuredNoteMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-174">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:BostonMillsBrandywineSecuredNoteMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-175">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:JackFrostBigBoulderSecuredNoteMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-176">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:MountSnowSecuredNoteMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-177">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:HunterMountainSecuredNoteMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-178">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:HunterMountainSecuredNoteMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-179">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-180">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:EPRSecuredNotesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-181">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:MountSnowSecuredNoteMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-182">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:HunterMountainSecuredNoteMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-183">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-184">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BreckenridgeTerraceMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-185">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BreckenridgeTerraceMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-186">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BreckenridgeTerraceMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheBMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-187">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BreckenridgeTerraceMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-188">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TarnesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-189">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TarnesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-190">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TarnesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheBMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-191">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TarnesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-192">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BcHousingMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-193">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BcHousingMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-194">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BcHousingMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheBMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-195">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:BcHousingMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-196">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TenderfootMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-197">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TenderfootMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-198">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TenderfootMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheBMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-199">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">mtn:TenderfootMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-200">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-201">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:DebtInstrumentByTrancheAxis">mtn:TrancheBMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-202">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CanyonsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2013-05-28</startDate>
            <endDate>2013-05-29</endDate>
        </period>
    </context>
    <context id="c-203">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2013-05-28</startDate>
            <endDate>2013-05-29</endDate>
        </period>
    </context>
    <context id="c-204">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CanyonsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-205">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CanyonsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-206">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-207">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:NorthstarResortFinanceLeasesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-208">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:WhistlerEmployeeHousingLeasesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-209">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CransMontanaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-05-02</instant>
        </period>
    </context>
    <context id="c-210">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CransMontanaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-05-02</startDate>
            <endDate>2024-05-02</endDate>
        </period>
    </context>
    <context id="c-211">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CransMontanaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-212">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CransMontanaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-213">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SevenSpringsResortsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-214">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-08-03</instant>
        </period>
    </context>
    <context id="c-215">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-216">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-03</startDate>
            <endDate>2022-08-03</endDate>
        </period>
    </context>
    <context id="c-217">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-218">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:AndermattSedrunMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-219">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SevenSpringsResortsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-12-31</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="c-220">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SevenSpringsResortsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-221">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SevenSpringsResortsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-222">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:CanyonsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-223">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-07-31</instant>
        </period>
    </context>
    <context id="c-224">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-07-31</instant>
        </period>
    </context>
    <context id="c-225">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-226">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-227">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-228">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-229">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-230">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-232">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-233">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:MoneyMarketFundsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-234">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:MoneyMarketFundsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-235">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CommercialPaperMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-236">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CommercialPaperMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-237">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CertificatesOfDepositMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-238">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CertificatesOfDepositMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-239">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-240">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-241">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:MoneyMarketFundsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-242">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:MoneyMarketFundsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-243">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CommercialPaperMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-244">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CommercialPaperMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-245">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CertificatesOfDepositMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-246">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="us-gaap:RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis">us-gaap:CertificatesOfDepositMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-247">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-248">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-249">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:PeakResortsInc.Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-250">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:IncomeTaxAuthorityAxis">us-gaap:ForeignCountryMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-251">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">mtn:EmployeeHousingBondsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-252">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">mtn:HollandCreekMetropolitanDistrictMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-253">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">mtn:WorkersCompensationAndGeneralLiabilityRelatedToConstructionAndDevelopmentActivitiesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-254">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:NorthstarMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-255">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:PerisherMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-256">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:FallsCreekMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-257">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:HothamMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-258">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:MadRiverMountainMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-259">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:UsernCorporationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-260">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SwissConfederationLease1Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-261">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SwissConfederationLease2Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-262">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:MunicipalityOfTujetschMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-263">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SwissConfederationLease3Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-264">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:SwissConfederationLease4Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-265">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:FederalOfficeOfTransportConcession1Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-266">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:BusinessAcquisitionAxis">mtn:FederalOfficeOfTransportConcession2Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-267">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:MountainMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-268">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:LodgingMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-269">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:ResortMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-270">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:ResortMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-271">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:ResortMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-272">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RealEstateSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-273">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RealEstateSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-274">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">mtn:RealEstateSegmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-275">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis">mtn:DoubletreeBreckenridgeMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-276">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionDomesticMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-277">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionDomesticMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-278">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionDomesticMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-279">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionForeignMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-280">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionForeignMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-281">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionForeignMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-282">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionDomesticMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-283">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionDomesticMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-284">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionForeignMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-285">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">us-gaap:GeographicDistributionForeignMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-286">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">country:CA</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-287">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">country:CA</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-288">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">country:CA</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-289">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementGeographicalAxis">country:CA</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-290">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <instant>2006-03-09</instant>
        </period>
    </context>
    <context id="c-291">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <instant>2008-07-16</instant>
        </period>
    </context>
    <context id="c-292">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <instant>2015-12-04</instant>
        </period>
    </context>
    <context id="c-293">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <instant>2023-03-07</instant>
        </period>
    </context>
    <context id="c-294">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
        </entity>
        <period>
            <startDate>2006-03-09</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-295">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-09-25</instant>
        </period>
    </context>
    <context id="c-296">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-297">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-298">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MinimumMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-299">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:RangeAxis">srt:MaximumMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-300">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:StockAppreciationRightsSARSMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-301">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:StockAppreciationRightsSARSMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-302">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:StockAppreciationRightsSARSMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-303">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:StockAppreciationRightsSARSMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-304">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:StockAppreciationRightsSARSMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-305">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">mtn:RestrictedStockUnitsRsusMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2023-07-31</instant>
        </period>
    </context>
    <context id="c-306">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">mtn:RestrictedStockUnitsRsusMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-08-01</startDate>
            <endDate>2024-07-31</endDate>
        </period>
    </context>
    <context id="c-307">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">mtn:RestrictedStockUnitsRsusMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2024-07-31</instant>
        </period>
    </context>
    <context id="c-308">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">mtn:RestrictedStockUnitsRsusMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-08-01</startDate>
            <endDate>2023-07-31</endDate>
        </period>
    </context>
    <context id="c-309">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">mtn:RestrictedStockUnitsRsusMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-08-01</startDate>
            <endDate>2022-07-31</endDate>
        </period>
    </context>
    <context id="c-310">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:UnrecognizedCompensationExpenseAxis">mtn:ExpectedToBeRecognizedInOneYearMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2025-07-31</instant>
        </period>
    </context>
    <context id="c-311">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:UnrecognizedCompensationExpenseAxis">mtn:ExpectedToBeRecognizedInOneYearMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2026-07-31</instant>
        </period>
    </context>
    <context id="c-312">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000812011</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:StatementScenarioAxis">srt:ScenarioForecastMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="mtn:UnrecognizedCompensationExpenseAxis">mtn:ExpectedToBeRecognizedInOneYearMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2027-07-31</instant>
        </period>
    </context>
    <unit id="usd">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="shares">
        <measure>shares</measure>
    </unit>
    <unit id="usdPerShare">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <unit id="number">
        <measure>pure</measure>
    </unit>
    <unit id="d">
        <measure>utr:D</measure>
    </unit>
    <unit id="chf">
        <measure>iso4217:CHF</measure>
    </unit>
    <unit id="hour">
        <measure>mtn:hour</measure>
    </unit>
    <dei:AmendmentFlag contextRef="c-1" id="f-31">false</dei:AmendmentFlag>
    <dei:DocumentFiscalYearFocus contextRef="c-1" id="f-32">2024</dei:DocumentFiscalYearFocus>
    <dei:DocumentFiscalPeriodFocus contextRef="c-1" id="f-33">FY</dei:DocumentFiscalPeriodFocus>
    <dei:EntityCentralIndexKey contextRef="c-1" id="f-34">0000812011</dei:EntityCentralIndexKey>
    <us-gaap:FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList contextRef="c-4" id="f-35">http://fasb.org/us-gaap/2023#OtherLiabilities</us-gaap:FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList>
    <us-gaap:FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList contextRef="c-5" id="f-36">http://fasb.org/us-gaap/2023#OtherLiabilities</us-gaap:FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList>
    <us-gaap:FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList contextRef="c-4" id="f-37">http://fasb.org/us-gaap/2023#Goodwill</us-gaap:FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList>
    <us-gaap:FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList contextRef="c-5" id="f-38">http://fasb.org/us-gaap/2023#Goodwill</us-gaap:FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList>
    <dei:DocumentType contextRef="c-1" id="f-1">10-K</dei:DocumentType>
    <dei:DocumentAnnualReport contextRef="c-1" id="f-2">true</dei:DocumentAnnualReport>
    <dei:DocumentPeriodEndDate contextRef="c-1" id="f-3">2024-07-31</dei:DocumentPeriodEndDate>
    <dei:CurrentFiscalYearEndDate contextRef="c-1" id="f-4">--07-31</dei:CurrentFiscalYearEndDate>
    <dei:DocumentTransitionReport contextRef="c-1" id="f-5">false</dei:DocumentTransitionReport>
    <dei:EntityFileNumber contextRef="c-1" id="f-6">001-09614</dei:EntityFileNumber>
    <dei:EntityRegistrantName contextRef="c-1" id="f-7">Vail Resorts, Inc.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="c-1" id="f-8">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityTaxIdentificationNumber contextRef="c-1" id="f-9">51-0291762</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="c-1" id="f-10">390 Interlocken Crescent</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="c-1" id="f-11">Broomfield,</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="c-1" id="f-12">CO</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="c-1" id="f-13">80021</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="c-1" id="f-14">(303)</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="c-1" id="f-15">404-1800</dei:LocalPhoneNumber>
    <dei:Security12bTitle contextRef="c-1" id="f-16">Common Stock, $0.01 par value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="c-1" id="f-17">MTN</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="c-1" id="f-18">NYSE</dei:SecurityExchangeName>
    <dei:EntityWellKnownSeasonedIssuer contextRef="c-1" id="f-19">Yes</dei:EntityWellKnownSeasonedIssuer>
    <dei:EntityVoluntaryFilers contextRef="c-1" id="f-20">No</dei:EntityVoluntaryFilers>
    <dei:EntityCurrentReportingStatus contextRef="c-1" id="f-21">Yes</dei:EntityCurrentReportingStatus>
    <dei:EntityInteractiveDataCurrent contextRef="c-1" id="f-22">Yes</dei:EntityInteractiveDataCurrent>
    <dei:EntityFilerCategory contextRef="c-1" id="f-23">Large Accelerated Filer</dei:EntityFilerCategory>
    <dei:EntitySmallBusiness contextRef="c-1" id="f-24">false</dei:EntitySmallBusiness>
    <dei:EntityEmergingGrowthCompany contextRef="c-1" id="f-25">false</dei:EntityEmergingGrowthCompany>
    <dei:IcfrAuditorAttestationFlag contextRef="c-1" id="f-26">true</dei:IcfrAuditorAttestationFlag>
    <dei:DocumentFinStmtErrorCorrectionFlag contextRef="c-1" id="f-27">false</dei:DocumentFinStmtErrorCorrectionFlag>
    <dei:EntityShellCompany contextRef="c-1" id="f-28">false</dei:EntityShellCompany>
    <dei:EntityPublicFloat contextRef="c-2" decimals="0" id="f-29" unitRef="usd">8336162160</dei:EntityPublicFloat>
    <dei:EntityCommonStockSharesOutstanding contextRef="c-3" decimals="0" id="f-30" unitRef="shares">37485473</dei:EntityCommonStockSharesOutstanding>
    <dei:AuditorFirmId contextRef="c-1" id="f-39">238</dei:AuditorFirmId>
    <dei:AuditorName contextRef="c-1" id="f-40">PricewaterhouseCoopers LLP</dei:AuditorName>
    <dei:AuditorLocation contextRef="c-1" id="f-41">Denver, Colorado</dei:AuditorLocation>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="c-4" decimals="-3" id="f-42" unitRef="usd">322827000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="c-5" decimals="-3" id="f-43" unitRef="usd">562975000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue contextRef="c-4" decimals="-3" id="f-44" unitRef="usd">14236000</us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue>
    <us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue contextRef="c-5" decimals="-3" id="f-45" unitRef="usd">10118000</us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue>
    <us-gaap:AccountsReceivableNetCurrent contextRef="c-4" decimals="-3" id="f-46" unitRef="usd">375752000</us-gaap:AccountsReceivableNetCurrent>
    <us-gaap:AccountsReceivableNetCurrent contextRef="c-5" decimals="-3" id="f-47" unitRef="usd">381067000</us-gaap:AccountsReceivableNetCurrent>
    <us-gaap:InventoryNet contextRef="c-4" decimals="-3" id="f-48" unitRef="usd">118988000</us-gaap:InventoryNet>
    <us-gaap:InventoryNet contextRef="c-5" decimals="-3" id="f-49" unitRef="usd">132548000</us-gaap:InventoryNet>
    <us-gaap:OtherAssetsCurrent contextRef="c-4" decimals="-3" id="f-50" unitRef="usd">79558000</us-gaap:OtherAssetsCurrent>
    <us-gaap:OtherAssetsCurrent contextRef="c-5" decimals="-3" id="f-51" unitRef="usd">121403000</us-gaap:OtherAssetsCurrent>
    <us-gaap:AssetsCurrent contextRef="c-4" decimals="-3" id="f-52" unitRef="usd">911361000</us-gaap:AssetsCurrent>
    <us-gaap:AssetsCurrent contextRef="c-5" decimals="-3" id="f-53" unitRef="usd">1208111000</us-gaap:AssetsCurrent>
    <us-gaap:PropertyPlantAndEquipmentNet contextRef="c-4" decimals="-3" id="f-54" unitRef="usd">2422635000</us-gaap:PropertyPlantAndEquipmentNet>
    <us-gaap:PropertyPlantAndEquipmentNet contextRef="c-5" decimals="-3" id="f-55" unitRef="usd">2371557000</us-gaap:PropertyPlantAndEquipmentNet>
    <us-gaap:InventoryRealEstate contextRef="c-4" decimals="-3" id="f-56" unitRef="usd">86548000</us-gaap:InventoryRealEstate>
    <us-gaap:InventoryRealEstate contextRef="c-5" decimals="-3" id="f-57" unitRef="usd">90207000</us-gaap:InventoryRealEstate>
    <us-gaap:Goodwill contextRef="c-4" decimals="-3" id="f-58" unitRef="usd">1677975000</us-gaap:Goodwill>
    <us-gaap:Goodwill contextRef="c-5" decimals="-3" id="f-59" unitRef="usd">1720344000</us-gaap:Goodwill>
    <us-gaap:IntangibleAssetsNetExcludingGoodwill contextRef="c-4" decimals="-3" id="f-60" unitRef="usd">302535000</us-gaap:IntangibleAssetsNetExcludingGoodwill>
    <us-gaap:IntangibleAssetsNetExcludingGoodwill contextRef="c-5" decimals="-3" id="f-61" unitRef="usd">309345000</us-gaap:IntangibleAssetsNetExcludingGoodwill>
    <us-gaap:OperatingLeaseRightOfUseAsset contextRef="c-4" decimals="-3" id="f-62" unitRef="usd">256627000</us-gaap:OperatingLeaseRightOfUseAsset>
    <us-gaap:OperatingLeaseRightOfUseAsset contextRef="c-5" decimals="-3" id="f-63" unitRef="usd">192289000</us-gaap:OperatingLeaseRightOfUseAsset>
    <us-gaap:OtherAssetsNoncurrent contextRef="c-4" decimals="-3" id="f-64" unitRef="usd">40756000</us-gaap:OtherAssetsNoncurrent>
    <us-gaap:OtherAssetsNoncurrent contextRef="c-5" decimals="-3" id="f-65" unitRef="usd">55901000</us-gaap:OtherAssetsNoncurrent>
    <us-gaap:Assets contextRef="c-4" decimals="-3" id="f-66" unitRef="usd">5698437000</us-gaap:Assets>
    <us-gaap:Assets contextRef="c-5" decimals="-3" id="f-67" unitRef="usd">5947754000</us-gaap:Assets>
    <mtn:AccountsPayableAccruedLiabilities contextRef="c-4" decimals="-3" id="f-68" unitRef="usd">1000798000</mtn:AccountsPayableAccruedLiabilities>
    <mtn:AccountsPayableAccruedLiabilities contextRef="c-5" decimals="-3" id="f-69" unitRef="usd">978021000</mtn:AccountsPayableAccruedLiabilities>
    <us-gaap:AccruedIncomeTaxesCurrent contextRef="c-4" decimals="-3" id="f-70" unitRef="usd">55358000</us-gaap:AccruedIncomeTaxesCurrent>
    <us-gaap:AccruedIncomeTaxesCurrent contextRef="c-5" decimals="-3" id="f-71" unitRef="usd">83514000</us-gaap:AccruedIncomeTaxesCurrent>
    <us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent contextRef="c-4" decimals="-3" id="f-72" unitRef="usd">57153000</us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent>
    <us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent contextRef="c-5" decimals="-3" id="f-73" unitRef="usd">69160000</us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent>
    <us-gaap:LiabilitiesCurrent contextRef="c-4" decimals="-3" id="f-74" unitRef="usd">1113309000</us-gaap:LiabilitiesCurrent>
    <us-gaap:LiabilitiesCurrent contextRef="c-5" decimals="-3" id="f-75" unitRef="usd">1130695000</us-gaap:LiabilitiesCurrent>
    <us-gaap:LongTermDebtAndCapitalLeaseObligations contextRef="c-4" decimals="-3" id="f-76" unitRef="usd">2721597000</us-gaap:LongTermDebtAndCapitalLeaseObligations>
    <us-gaap:LongTermDebtAndCapitalLeaseObligations contextRef="c-5" decimals="-3" id="f-77" unitRef="usd">2750675000</us-gaap:LongTermDebtAndCapitalLeaseObligations>
    <us-gaap:OperatingLeaseLiabilityNoncurrent contextRef="c-4" decimals="-3" id="f-78" unitRef="usd">233465000</us-gaap:OperatingLeaseLiabilityNoncurrent>
    <us-gaap:OperatingLeaseLiabilityNoncurrent contextRef="c-5" decimals="-3" id="f-79" unitRef="usd">168326000</us-gaap:OperatingLeaseLiabilityNoncurrent>
    <mtn:OtherLongTermLiabilitiesNoncurrent contextRef="c-4" decimals="-3" id="f-80" unitRef="usd">311768000</mtn:OtherLongTermLiabilitiesNoncurrent>
    <mtn:OtherLongTermLiabilitiesNoncurrent contextRef="c-5" decimals="-3" id="f-81" unitRef="usd">286261000</mtn:OtherLongTermLiabilitiesNoncurrent>
    <us-gaap:DeferredIncomeTaxLiabilitiesNet contextRef="c-4" decimals="-3" id="f-82" unitRef="usd">279815000</us-gaap:DeferredIncomeTaxLiabilitiesNet>
    <us-gaap:DeferredIncomeTaxLiabilitiesNet contextRef="c-5" decimals="-3" id="f-83" unitRef="usd">276137000</us-gaap:DeferredIncomeTaxLiabilitiesNet>
    <us-gaap:Liabilities contextRef="c-4" decimals="-3" id="f-84" unitRef="usd">4659954000</us-gaap:Liabilities>
    <us-gaap:Liabilities contextRef="c-5" decimals="-3" id="f-85" unitRef="usd">4612094000</us-gaap:Liabilities>
    <us-gaap:CommitmentsAndContingencies contextRef="c-4" id="f-86" unitRef="usd" xsi:nil="true"/>
    <us-gaap:CommitmentsAndContingencies contextRef="c-5" id="f-87" unitRef="usd" xsi:nil="true"/>
    <us-gaap:PreferredStockParOrStatedValuePerShare
      contextRef="c-4"
      decimals="2"
      id="f-88"
      unitRef="usdPerShare">0.01</us-gaap:PreferredStockParOrStatedValuePerShare>
    <us-gaap:PreferredStockParOrStatedValuePerShare
      contextRef="c-5"
      decimals="2"
      id="f-89"
      unitRef="usdPerShare">0.01</us-gaap:PreferredStockParOrStatedValuePerShare>
    <us-gaap:PreferredStockSharesAuthorized contextRef="c-5" decimals="-3" id="f-90" unitRef="shares">25000000</us-gaap:PreferredStockSharesAuthorized>
    <us-gaap:PreferredStockSharesAuthorized contextRef="c-4" decimals="-3" id="f-91" unitRef="shares">25000000</us-gaap:PreferredStockSharesAuthorized>
    <us-gaap:PreferredStockSharesOutstanding contextRef="c-5" decimals="0" id="f-92" unitRef="shares">0</us-gaap:PreferredStockSharesOutstanding>
    <us-gaap:PreferredStockSharesIssued contextRef="c-5" decimals="0" id="f-93" unitRef="shares">0</us-gaap:PreferredStockSharesIssued>
    <us-gaap:PreferredStockSharesOutstanding contextRef="c-4" decimals="0" id="f-94" unitRef="shares">0</us-gaap:PreferredStockSharesOutstanding>
    <us-gaap:PreferredStockSharesIssued contextRef="c-4" decimals="0" id="f-95" unitRef="shares">0</us-gaap:PreferredStockSharesIssued>
    <us-gaap:PreferredStockValue contextRef="c-4" decimals="-3" id="f-96" unitRef="usd">0</us-gaap:PreferredStockValue>
    <us-gaap:PreferredStockValue contextRef="c-5" decimals="-3" id="f-97" unitRef="usd">0</us-gaap:PreferredStockValue>
    <us-gaap:CommonStockParOrStatedValuePerShare
      contextRef="c-4"
      decimals="2"
      id="f-98"
      unitRef="usdPerShare">0.01</us-gaap:CommonStockParOrStatedValuePerShare>
    <us-gaap:CommonStockParOrStatedValuePerShare
      contextRef="c-5"
      decimals="2"
      id="f-99"
      unitRef="usdPerShare">0.01</us-gaap:CommonStockParOrStatedValuePerShare>
    <us-gaap:CommonStockSharesAuthorized contextRef="c-5" decimals="0" id="f-100" unitRef="shares">100000000</us-gaap:CommonStockSharesAuthorized>
    <us-gaap:CommonStockSharesAuthorized contextRef="c-4" decimals="0" id="f-101" unitRef="shares">100000000</us-gaap:CommonStockSharesAuthorized>
    <us-gaap:CommonStockSharesIssued contextRef="c-4" decimals="0" id="f-102" unitRef="shares">46855000</us-gaap:CommonStockSharesIssued>
    <us-gaap:CommonStockSharesIssued contextRef="c-5" decimals="0" id="f-103" unitRef="shares">46798000</us-gaap:CommonStockSharesIssued>
    <us-gaap:CommonStockValue contextRef="c-4" decimals="-3" id="f-104" unitRef="usd">469000</us-gaap:CommonStockValue>
    <us-gaap:CommonStockValue contextRef="c-5" decimals="-3" id="f-105" unitRef="usd">468000</us-gaap:CommonStockValue>
    <us-gaap:AdditionalPaidInCapitalCommonStock contextRef="c-4" decimals="-3" id="f-106" unitRef="usd">1145610000</us-gaap:AdditionalPaidInCapitalCommonStock>
    <us-gaap:AdditionalPaidInCapitalCommonStock contextRef="c-5" decimals="-3" id="f-107" unitRef="usd">1124433000</us-gaap:AdditionalPaidInCapitalCommonStock>
    <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="c-4" decimals="-3" id="f-108" unitRef="usd">-67288000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="c-5" decimals="-3" id="f-109" unitRef="usd">-10358000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
    <us-gaap:RetainedEarningsAccumulatedDeficit contextRef="c-4" decimals="-3" id="f-110" unitRef="usd">780431000</us-gaap:RetainedEarningsAccumulatedDeficit>
    <us-gaap:RetainedEarningsAccumulatedDeficit contextRef="c-5" decimals="-3" id="f-111" unitRef="usd">873710000</us-gaap:RetainedEarningsAccumulatedDeficit>
    <us-gaap:TreasuryStockCommonShares contextRef="c-4" decimals="-3" id="f-112" unitRef="shares">9370000</us-gaap:TreasuryStockCommonShares>
    <us-gaap:TreasuryStockCommonShares contextRef="c-5" decimals="-3" id="f-113" unitRef="shares">8648000</us-gaap:TreasuryStockCommonShares>
    <us-gaap:TreasuryStockCarryingBasis contextRef="c-4" decimals="-3" id="f-114" unitRef="usd">1135685000</us-gaap:TreasuryStockCarryingBasis>
    <us-gaap:TreasuryStockCarryingBasis contextRef="c-5" decimals="-3" id="f-115" unitRef="usd">984306000</us-gaap:TreasuryStockCarryingBasis>
    <us-gaap:StockholdersEquity contextRef="c-4" decimals="-3" id="f-116" unitRef="usd">723537000</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="c-5" decimals="-3" id="f-117" unitRef="usd">1003947000</us-gaap:StockholdersEquity>
    <us-gaap:MinorityInterest contextRef="c-4" decimals="-3" id="f-118" unitRef="usd">314946000</us-gaap:MinorityInterest>
    <us-gaap:MinorityInterest contextRef="c-5" decimals="-3" id="f-119" unitRef="usd">331713000</us-gaap:MinorityInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-4" decimals="-3" id="f-120" unitRef="usd">1038483000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-5" decimals="-3" id="f-121" unitRef="usd">1335660000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:LiabilitiesAndStockholdersEquity contextRef="c-4" decimals="-3" id="f-122" unitRef="usd">5698437000</us-gaap:LiabilitiesAndStockholdersEquity>
    <us-gaap:LiabilitiesAndStockholdersEquity contextRef="c-5" decimals="-3" id="f-123" unitRef="usd">5947754000</us-gaap:LiabilitiesAndStockholdersEquity>
    <mtn:MountainandLodgingservicesandotherrevenue contextRef="c-1" decimals="-3" id="f-124" unitRef="usd">2388227000</mtn:MountainandLodgingservicesandotherrevenue>
    <mtn:MountainandLodgingservicesandotherrevenue contextRef="c-6" decimals="-3" id="f-125" unitRef="usd">2372175000</mtn:MountainandLodgingservicesandotherrevenue>
    <mtn:MountainandLodgingservicesandotherrevenue contextRef="c-7" decimals="-3" id="f-126" unitRef="usd">2116547000</mtn:MountainandLodgingservicesandotherrevenue>
    <mtn:MountainandLodgingretailanddiningrevenue contextRef="c-1" decimals="-3" id="f-127" unitRef="usd">492260000</mtn:MountainandLodgingretailanddiningrevenue>
    <mtn:MountainandLodgingretailanddiningrevenue contextRef="c-6" decimals="-3" id="f-128" unitRef="usd">509124000</mtn:MountainandLodgingretailanddiningrevenue>
    <mtn:MountainandLodgingretailanddiningrevenue contextRef="c-7" decimals="-3" id="f-129" unitRef="usd">408657000</mtn:MountainandLodgingretailanddiningrevenue>
    <mtn:ResortRevenueNet contextRef="c-1" decimals="-3" id="f-130" unitRef="usd">2880487000</mtn:ResortRevenueNet>
    <mtn:ResortRevenueNet contextRef="c-6" decimals="-3" id="f-131" unitRef="usd">2881299000</mtn:ResortRevenueNet>
    <mtn:ResortRevenueNet contextRef="c-7" decimals="-3" id="f-132" unitRef="usd">2525204000</mtn:ResortRevenueNet>
    <mtn:RealEstateRevenue contextRef="c-1" decimals="-3" id="f-133" unitRef="usd">4704000</mtn:RealEstateRevenue>
    <mtn:RealEstateRevenue contextRef="c-6" decimals="-3" id="f-134" unitRef="usd">8065000</mtn:RealEstateRevenue>
    <mtn:RealEstateRevenue contextRef="c-7" decimals="-3" id="f-135" unitRef="usd">708000</mtn:RealEstateRevenue>
    <us-gaap:Revenues contextRef="c-1" decimals="-3" id="f-136" unitRef="usd">2885191000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-6" decimals="-3" id="f-137" unitRef="usd">2889364000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-7" decimals="-3" id="f-138" unitRef="usd">2525912000</us-gaap:Revenues>
    <mtn:MountainandLodgingoperatingexpenses contextRef="c-1" decimals="-3" id="f-139" unitRef="usd">1458369000</mtn:MountainandLodgingoperatingexpenses>
    <mtn:MountainandLodgingoperatingexpenses contextRef="c-6" decimals="-3" id="f-140" unitRef="usd">1454324000</mtn:MountainandLodgingoperatingexpenses>
    <mtn:MountainandLodgingoperatingexpenses contextRef="c-7" decimals="-3" id="f-141" unitRef="usd">1180963000</mtn:MountainandLodgingoperatingexpenses>
    <mtn:MountainandLodgingcostofproductssold contextRef="c-1" decimals="-3" id="f-142" unitRef="usd">188054000</mtn:MountainandLodgingcostofproductssold>
    <mtn:MountainandLodgingcostofproductssold contextRef="c-6" decimals="-3" id="f-143" unitRef="usd">203278000</mtn:MountainandLodgingcostofproductssold>
    <mtn:MountainandLodgingcostofproductssold contextRef="c-7" decimals="-3" id="f-144" unitRef="usd">162414000</mtn:MountainandLodgingcostofproductssold>
    <mtn:MountainandLodginggeneralandadministrativeexpense contextRef="c-1" decimals="-3" id="f-145" unitRef="usd">410027000</mtn:MountainandLodginggeneralandadministrativeexpense>
    <mtn:MountainandLodginggeneralandadministrativeexpense contextRef="c-6" decimals="-3" id="f-146" unitRef="usd">389465000</mtn:MountainandLodginggeneralandadministrativeexpense>
    <mtn:MountainandLodginggeneralandadministrativeexpense contextRef="c-7" decimals="-3" id="f-147" unitRef="usd">347493000</mtn:MountainandLodginggeneralandadministrativeexpense>
    <mtn:ResortExpensesNet contextRef="c-1" decimals="-3" id="f-148" unitRef="usd">2056450000</mtn:ResortExpensesNet>
    <mtn:ResortExpensesNet contextRef="c-6" decimals="-3" id="f-149" unitRef="usd">2047067000</mtn:ResortExpensesNet>
    <mtn:ResortExpensesNet contextRef="c-7" decimals="-3" id="f-150" unitRef="usd">1690870000</mtn:ResortExpensesNet>
    <mtn:RealEstateExpense contextRef="c-1" decimals="-3" id="f-151" unitRef="usd">9514000</mtn:RealEstateExpense>
    <mtn:RealEstateExpense contextRef="c-6" decimals="-3" id="f-152" unitRef="usd">10635000</mtn:RealEstateExpense>
    <mtn:RealEstateExpense contextRef="c-7" decimals="-3" id="f-153" unitRef="usd">5911000</mtn:RealEstateExpense>
    <mtn:OperatingCostsExpensesAndCostOfSales contextRef="c-1" decimals="-3" id="f-154" unitRef="usd">2065964000</mtn:OperatingCostsExpensesAndCostOfSales>
    <mtn:OperatingCostsExpensesAndCostOfSales contextRef="c-6" decimals="-3" id="f-155" unitRef="usd">2057702000</mtn:OperatingCostsExpensesAndCostOfSales>
    <mtn:OperatingCostsExpensesAndCostOfSales contextRef="c-7" decimals="-3" id="f-156" unitRef="usd">1696781000</mtn:OperatingCostsExpensesAndCostOfSales>
    <us-gaap:DepreciationAndAmortization contextRef="c-1" decimals="-3" id="f-157" unitRef="usd">276493000</us-gaap:DepreciationAndAmortization>
    <us-gaap:DepreciationAndAmortization contextRef="c-6" decimals="-3" id="f-158" unitRef="usd">268501000</us-gaap:DepreciationAndAmortization>
    <us-gaap:DepreciationAndAmortization contextRef="c-7" decimals="-3" id="f-159" unitRef="usd">252391000</us-gaap:DepreciationAndAmortization>
    <mtn:GainOnSaleOfRealProperty contextRef="c-1" decimals="-3" id="f-160" unitRef="usd">6285000</mtn:GainOnSaleOfRealProperty>
    <mtn:GainOnSaleOfRealProperty contextRef="c-6" decimals="-3" id="f-161" unitRef="usd">842000</mtn:GainOnSaleOfRealProperty>
    <mtn:GainOnSaleOfRealProperty contextRef="c-7" decimals="-3" id="f-162" unitRef="usd">1276000</mtn:GainOnSaleOfRealProperty>
    <mtn:ChangeinFairValueofContingentConsideration contextRef="c-1" decimals="-3" id="f-163" unitRef="usd">47957000</mtn:ChangeinFairValueofContingentConsideration>
    <mtn:ChangeinFairValueofContingentConsideration contextRef="c-6" decimals="-3" id="f-164" unitRef="usd">49836000</mtn:ChangeinFairValueofContingentConsideration>
    <mtn:ChangeinFairValueofContingentConsideration contextRef="c-7" decimals="-3" id="f-165" unitRef="usd">20280000</mtn:ChangeinFairValueofContingentConsideration>
    <us-gaap:GainLossOnDispositionOfAssets contextRef="c-1" decimals="-3" id="f-166" unitRef="usd">-9633000</us-gaap:GainLossOnDispositionOfAssets>
    <us-gaap:GainLossOnDispositionOfAssets contextRef="c-6" decimals="-3" id="f-167" unitRef="usd">-9070000</us-gaap:GainLossOnDispositionOfAssets>
    <us-gaap:GainLossOnDispositionOfAssets contextRef="c-7" decimals="-3" id="f-168" unitRef="usd">43992000</us-gaap:GainLossOnDispositionOfAssets>
    <us-gaap:OperatingIncomeLoss contextRef="c-1" decimals="-3" id="f-169" unitRef="usd">491429000</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="c-6" decimals="-3" id="f-170" unitRef="usd">505097000</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="c-7" decimals="-3" id="f-171" unitRef="usd">601728000</us-gaap:OperatingIncomeLoss>
    <us-gaap:InterestExpense contextRef="c-1" decimals="-3" id="f-172" unitRef="usd">161839000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense contextRef="c-6" decimals="-3" id="f-173" unitRef="usd">153022000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense contextRef="c-7" decimals="-3" id="f-174" unitRef="usd">148183000</us-gaap:InterestExpense>
    <mtn:MountainEquityInvestmentIncomeLossNet contextRef="c-1" decimals="-3" id="f-175" unitRef="usd">1053000</mtn:MountainEquityInvestmentIncomeLossNet>
    <mtn:MountainEquityInvestmentIncomeLossNet contextRef="c-6" decimals="-3" id="f-176" unitRef="usd">605000</mtn:MountainEquityInvestmentIncomeLossNet>
    <mtn:MountainEquityInvestmentIncomeLossNet contextRef="c-7" decimals="-3" id="f-177" unitRef="usd">2580000</mtn:MountainEquityInvestmentIncomeLossNet>
    <us-gaap:InvestmentIncomeInterest contextRef="c-1" decimals="-3" id="f-178" unitRef="usd">18592000</us-gaap:InvestmentIncomeInterest>
    <us-gaap:InvestmentIncomeInterest contextRef="c-6" decimals="-3" id="f-179" unitRef="usd">23744000</us-gaap:InvestmentIncomeInterest>
    <us-gaap:InvestmentIncomeInterest contextRef="c-7" decimals="-3" id="f-180" unitRef="usd">3718000</us-gaap:InvestmentIncomeInterest>
    <us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="c-1" decimals="-3" id="f-181" unitRef="usd">-4140000</us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
    <us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="c-6" decimals="-3" id="f-182" unitRef="usd">-2907000</us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
    <us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="c-7" decimals="-3" id="f-183" unitRef="usd">-2682000</us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="c-1" decimals="-3" id="f-184" unitRef="usd">345095000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="c-6" decimals="-3" id="f-185" unitRef="usd">373517000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="c-7" decimals="-3" id="f-186" unitRef="usd">457161000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-187" unitRef="usd">98816000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-188" unitRef="usd">88414000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-189" unitRef="usd">88824000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:ProfitLoss contextRef="c-1" decimals="-3" id="f-190" unitRef="usd">246279000</us-gaap:ProfitLoss>
    <us-gaap:ProfitLoss contextRef="c-6" decimals="-3" id="f-191" unitRef="usd">285103000</us-gaap:ProfitLoss>
    <us-gaap:ProfitLoss contextRef="c-7" decimals="-3" id="f-192" unitRef="usd">368337000</us-gaap:ProfitLoss>
    <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="c-1" decimals="-3" id="f-193" unitRef="usd">15874000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
    <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="c-6" decimals="-3" id="f-194" unitRef="usd">16955000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
    <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="c-7" decimals="-3" id="f-195" unitRef="usd">20414000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
    <us-gaap:NetIncomeLoss contextRef="c-1" decimals="-3" id="f-196" unitRef="usd">230405000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-6" decimals="-3" id="f-197" unitRef="usd">268148000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-7" decimals="-3" id="f-198" unitRef="usd">347923000</us-gaap:NetIncomeLoss>
    <us-gaap:EarningsPerShareBasic
      contextRef="c-1"
      decimals="2"
      id="f-199"
      unitRef="usdPerShare">6.08</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic
      contextRef="c-6"
      decimals="2"
      id="f-200"
      unitRef="usdPerShare">6.76</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic
      contextRef="c-7"
      decimals="2"
      id="f-201"
      unitRef="usdPerShare">8.60</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareDiluted
      contextRef="c-1"
      decimals="2"
      id="f-202"
      unitRef="usdPerShare">6.07</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted
      contextRef="c-6"
      decimals="2"
      id="f-203"
      unitRef="usdPerShare">6.74</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted
      contextRef="c-7"
      decimals="2"
      id="f-204"
      unitRef="usdPerShare">8.55</us-gaap:EarningsPerShareDiluted>
    <us-gaap:CommonStockDividendsPerShareDeclared
      contextRef="c-1"
      decimals="2"
      id="f-205"
      unitRef="usdPerShare">8.56</us-gaap:CommonStockDividendsPerShareDeclared>
    <us-gaap:CommonStockDividendsPerShareDeclared
      contextRef="c-6"
      decimals="2"
      id="f-206"
      unitRef="usdPerShare">7.94</us-gaap:CommonStockDividendsPerShareDeclared>
    <us-gaap:CommonStockDividendsPerShareDeclared
      contextRef="c-7"
      decimals="2"
      id="f-207"
      unitRef="usdPerShare">5.58</us-gaap:CommonStockDividendsPerShareDeclared>
    <us-gaap:ProfitLoss contextRef="c-1" decimals="-3" id="f-208" unitRef="usd">246279000</us-gaap:ProfitLoss>
    <us-gaap:ProfitLoss contextRef="c-6" decimals="-3" id="f-209" unitRef="usd">285103000</us-gaap:ProfitLoss>
    <us-gaap:ProfitLoss contextRef="c-7" decimals="-3" id="f-210" unitRef="usd">368337000</us-gaap:ProfitLoss>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-1" decimals="-3" id="f-211" unitRef="usd">-67384000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-6" decimals="-3" id="f-212" unitRef="usd">-25439000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-7" decimals="-3" id="f-213" unitRef="usd">-46493000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1 contextRef="c-1" decimals="-3" id="f-214" unitRef="usd">-11149000</us-gaap:IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1>
    <us-gaap:IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1 contextRef="c-6" decimals="-3" id="f-215" unitRef="usd">3691000</us-gaap:IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1>
    <us-gaap:IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1 contextRef="c-7" decimals="-3" id="f-216" unitRef="usd">18906000</us-gaap:IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1>
    <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="c-1" decimals="-3" id="f-217" unitRef="usd">167746000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="c-6" decimals="-3" id="f-218" unitRef="usd">263355000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="c-7" decimals="-3" id="f-219" unitRef="usd">340750000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest contextRef="c-1" decimals="-3" id="f-220" unitRef="usd">-5729000</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest contextRef="c-6" decimals="-3" id="f-221" unitRef="usd">16488000</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest>
    <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest contextRef="c-7" decimals="-3" id="f-222" unitRef="usd">9703000</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest>
    <us-gaap:ComprehensiveIncomeNetOfTax contextRef="c-1" decimals="-3" id="f-223" unitRef="usd">173475000</us-gaap:ComprehensiveIncomeNetOfTax>
    <us-gaap:ComprehensiveIncomeNetOfTax contextRef="c-6" decimals="-3" id="f-224" unitRef="usd">246867000</us-gaap:ComprehensiveIncomeNetOfTax>
    <us-gaap:ComprehensiveIncomeNetOfTax contextRef="c-7" decimals="-3" id="f-225" unitRef="usd">331047000</us-gaap:ComprehensiveIncomeNetOfTax>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-8" decimals="-3" id="f-226" unitRef="usd">466000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-9" decimals="-3" id="f-227" unitRef="usd">1196993000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-10" decimals="-3" id="f-228" unitRef="usd">27799000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-11" decimals="-3" id="f-229" unitRef="usd">773752000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-12" decimals="-3" id="f-230" unitRef="usd">-404411000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-13" decimals="-3" id="f-231" unitRef="usd">1594599000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-14" decimals="-3" id="f-232" unitRef="usd">234469000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-15" decimals="-3" id="f-233" unitRef="usd">1829068000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:NetIncomeLoss contextRef="c-16" decimals="-3" id="f-234" unitRef="usd">347923000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-17" decimals="-3" id="f-235" unitRef="usd">347923000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="c-18" decimals="-3" id="f-236" unitRef="usd">20414000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
    <us-gaap:ProfitLoss contextRef="c-7" decimals="-3" id="f-237" unitRef="usd">368337000</us-gaap:ProfitLoss>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-19" decimals="-3" id="f-238" unitRef="usd">-35782000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-17" decimals="-3" id="f-239" unitRef="usd">-35782000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-18" decimals="-3" id="f-240" unitRef="usd">-10711000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-7" decimals="-3" id="f-241" unitRef="usd">-46493000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax contextRef="c-19" decimals="-3" id="f-242" unitRef="usd">-18906000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax contextRef="c-17" decimals="-3" id="f-243" unitRef="usd">-18906000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax contextRef="c-7" decimals="-3" id="f-244" unitRef="usd">-18906000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:ComprehensiveIncomeNetOfTax contextRef="c-17" decimals="-3" id="f-245" unitRef="usd">331047000</us-gaap:ComprehensiveIncomeNetOfTax>
    <us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="c-18" decimals="-3" id="f-246" unitRef="usd">9703000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
    <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="c-7" decimals="-3" id="f-247" unitRef="usd">340750000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation contextRef="c-20" decimals="-3" id="f-248" unitRef="usd">24885000</us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation>
    <us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation contextRef="c-17" decimals="-3" id="f-249" unitRef="usd">24885000</us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation>
    <us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation contextRef="c-7" decimals="-3" id="f-250" unitRef="usd">24885000</us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-21" decimals="-3" id="f-251" unitRef="usd">-1000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-20" decimals="-3" id="f-252" unitRef="usd">37301000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-17" decimals="-3" id="f-253" unitRef="usd">37300000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-7" decimals="-3" id="f-254" unitRef="usd">37300000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="c-22" decimals="-3" id="f-255" unitRef="usd">75006000</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="c-17" decimals="-3" id="f-256" unitRef="usd">75006000</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="c-7" decimals="-3" id="f-257" unitRef="usd">75006000</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:DividendsCommonStock contextRef="c-16" decimals="-3" id="f-258" unitRef="usd">225786000</us-gaap:DividendsCommonStock>
    <us-gaap:DividendsCommonStock contextRef="c-17" decimals="-3" id="f-259" unitRef="usd">225786000</us-gaap:DividendsCommonStock>
    <us-gaap:DividendsCommonStock contextRef="c-7" decimals="-3" id="f-260" unitRef="usd">225786000</us-gaap:DividendsCommonStock>
    <us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="c-18" decimals="-3" id="f-261" unitRef="usd">9127000</us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
    <us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="c-7" decimals="-3" id="f-262" unitRef="usd">9127000</us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-23" decimals="-3" id="f-263" unitRef="usd">467000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-24" decimals="-3" id="f-264" unitRef="usd">1184577000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-25" decimals="-3" id="f-265" unitRef="usd">10923000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-26" decimals="-3" id="f-266" unitRef="usd">895889000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-27" decimals="-3" id="f-267" unitRef="usd">-479417000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-28" decimals="-3" id="f-268" unitRef="usd">1612439000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-29" decimals="-3" id="f-269" unitRef="usd">235045000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-30" decimals="-3" id="f-270" unitRef="usd">1847484000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:NetIncomeLoss contextRef="c-31" decimals="-3" id="f-271" unitRef="usd">268148000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-32" decimals="-3" id="f-272" unitRef="usd">268148000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="c-33" decimals="-3" id="f-273" unitRef="usd">16955000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
    <us-gaap:ProfitLoss contextRef="c-6" decimals="-3" id="f-274" unitRef="usd">285103000</us-gaap:ProfitLoss>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-34" decimals="-3" id="f-275" unitRef="usd">-24972000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-32" decimals="-3" id="f-276" unitRef="usd">-24972000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-33" decimals="-3" id="f-277" unitRef="usd">-467000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-6" decimals="-3" id="f-278" unitRef="usd">-25439000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax contextRef="c-34" decimals="-3" id="f-279" unitRef="usd">-3691000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax contextRef="c-32" decimals="-3" id="f-280" unitRef="usd">-3691000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax contextRef="c-6" decimals="-3" id="f-281" unitRef="usd">-3691000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:ComprehensiveIncomeNetOfTax contextRef="c-32" decimals="-3" id="f-282" unitRef="usd">246867000</us-gaap:ComprehensiveIncomeNetOfTax>
    <us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="c-33" decimals="-3" id="f-283" unitRef="usd">16488000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
    <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="c-6" decimals="-3" id="f-284" unitRef="usd">263355000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt contextRef="c-35" decimals="-3" id="f-285" unitRef="usd">-80066000</us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt>
    <us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt contextRef="c-31" decimals="-3" id="f-286" unitRef="usd">24023000</us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt>
    <us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt contextRef="c-32" decimals="-3" id="f-287" unitRef="usd">-56043000</us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt>
    <us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt contextRef="c-6" decimals="-3" id="f-288" unitRef="usd">-56043000</us-gaap:AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt>
    <us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation contextRef="c-35" decimals="-3" id="f-289" unitRef="usd">25409000</us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation>
    <us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation contextRef="c-32" decimals="-3" id="f-290" unitRef="usd">25409000</us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation>
    <us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation contextRef="c-6" decimals="-3" id="f-291" unitRef="usd">25409000</us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-36" decimals="-3" id="f-292" unitRef="usd">-1000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-35" decimals="-3" id="f-293" unitRef="usd">5487000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-32" decimals="-3" id="f-294" unitRef="usd">5486000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-6" decimals="-3" id="f-295" unitRef="usd">5486000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="c-37" decimals="-3" id="f-296" unitRef="usd">504889000</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="c-32" decimals="-3" id="f-297" unitRef="usd">504889000</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="c-6" decimals="-3" id="f-298" unitRef="usd">504889000</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:DividendsCommonStock contextRef="c-31" decimals="-3" id="f-299" unitRef="usd">314350000</us-gaap:DividendsCommonStock>
    <us-gaap:DividendsCommonStock contextRef="c-32" decimals="-3" id="f-300" unitRef="usd">314350000</us-gaap:DividendsCommonStock>
    <us-gaap:DividendsCommonStock contextRef="c-6" decimals="-3" id="f-301" unitRef="usd">314350000</us-gaap:DividendsCommonStock>
    <us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination contextRef="c-33" decimals="-3" id="f-302" unitRef="usd">91524000</us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination>
    <us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination contextRef="c-6" decimals="-3" id="f-303" unitRef="usd">91524000</us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination>
    <us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="c-33" decimals="-3" id="f-304" unitRef="usd">11344000</us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
    <us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="c-6" decimals="-3" id="f-305" unitRef="usd">11344000</us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-38" decimals="-3" id="f-306" unitRef="usd">468000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-39" decimals="-3" id="f-307" unitRef="usd">1124433000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-40" decimals="-3" id="f-308" unitRef="usd">-10358000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-41" decimals="-3" id="f-309" unitRef="usd">873710000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-42" decimals="-3" id="f-310" unitRef="usd">-984306000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-43" decimals="-3" id="f-311" unitRef="usd">1003947000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-44" decimals="-3" id="f-312" unitRef="usd">331713000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-5" decimals="-3" id="f-313" unitRef="usd">1335660000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:NetIncomeLoss contextRef="c-45" decimals="-3" id="f-314" unitRef="usd">230405000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-46" decimals="-3" id="f-315" unitRef="usd">230405000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="c-47" decimals="-3" id="f-316" unitRef="usd">15874000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
    <us-gaap:ProfitLoss contextRef="c-1" decimals="-3" id="f-317" unitRef="usd">246279000</us-gaap:ProfitLoss>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-48" decimals="-3" id="f-318" unitRef="usd">-45781000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-46" decimals="-3" id="f-319" unitRef="usd">-45781000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-47" decimals="-3" id="f-320" unitRef="usd">-21603000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="c-1" decimals="-3" id="f-321" unitRef="usd">-67384000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax contextRef="c-48" decimals="-3" id="f-322" unitRef="usd">11149000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax contextRef="c-46" decimals="-3" id="f-323" unitRef="usd">11149000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax contextRef="c-1" decimals="-3" id="f-324" unitRef="usd">11149000</us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax>
    <us-gaap:ComprehensiveIncomeNetOfTax contextRef="c-46" decimals="-3" id="f-325" unitRef="usd">173475000</us-gaap:ComprehensiveIncomeNetOfTax>
    <us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="c-47" decimals="-3" id="f-326" unitRef="usd">-5729000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
    <us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="c-1" decimals="-3" id="f-327" unitRef="usd">167746000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation contextRef="c-49" decimals="-3" id="f-328" unitRef="usd">26803000</us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation>
    <us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation contextRef="c-46" decimals="-3" id="f-329" unitRef="usd">26803000</us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation>
    <us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation contextRef="c-1" decimals="-3" id="f-330" unitRef="usd">26803000</us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-50" decimals="-3" id="f-331" unitRef="usd">-1000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-49" decimals="-3" id="f-332" unitRef="usd">5626000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-46" decimals="-3" id="f-333" unitRef="usd">5625000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="c-1" decimals="-3" id="f-334" unitRef="usd">5625000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="c-51" decimals="-3" id="f-335" unitRef="usd">151379000</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="c-46" decimals="-3" id="f-336" unitRef="usd">151379000</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="c-1" decimals="-3" id="f-337" unitRef="usd">151379000</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:DividendsCommonStock contextRef="c-45" decimals="-3" id="f-338" unitRef="usd">323684000</us-gaap:DividendsCommonStock>
    <us-gaap:DividendsCommonStock contextRef="c-46" decimals="-3" id="f-339" unitRef="usd">323684000</us-gaap:DividendsCommonStock>
    <us-gaap:DividendsCommonStock contextRef="c-1" decimals="-3" id="f-340" unitRef="usd">323684000</us-gaap:DividendsCommonStock>
    <us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination contextRef="c-47" decimals="-3" id="f-341" unitRef="usd">14084000</us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination>
    <us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination contextRef="c-1" decimals="-3" id="f-342" unitRef="usd">14084000</us-gaap:NoncontrollingInterestIncreaseFromBusinessCombination>
    <us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="c-47" decimals="-3" id="f-343" unitRef="usd">25122000</us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
    <us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="c-1" decimals="-3" id="f-344" unitRef="usd">25122000</us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-52" decimals="-3" id="f-345" unitRef="usd">469000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-53" decimals="-3" id="f-346" unitRef="usd">1145610000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-54" decimals="-3" id="f-347" unitRef="usd">-67288000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-55" decimals="-3" id="f-348" unitRef="usd">780431000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-56" decimals="-3" id="f-349" unitRef="usd">-1135685000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-57" decimals="-3" id="f-350" unitRef="usd">723537000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-58" decimals="-3" id="f-351" unitRef="usd">314946000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="c-4" decimals="-3" id="f-352" unitRef="usd">1038483000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
    <us-gaap:ProfitLoss contextRef="c-1" decimals="-3" id="f-353" unitRef="usd">246279000</us-gaap:ProfitLoss>
    <us-gaap:ProfitLoss contextRef="c-6" decimals="-3" id="f-354" unitRef="usd">285103000</us-gaap:ProfitLoss>
    <us-gaap:ProfitLoss contextRef="c-7" decimals="-3" id="f-355" unitRef="usd">368337000</us-gaap:ProfitLoss>
    <us-gaap:DepreciationAndAmortization contextRef="c-1" decimals="-3" id="f-356" unitRef="usd">276493000</us-gaap:DepreciationAndAmortization>
    <us-gaap:DepreciationAndAmortization contextRef="c-6" decimals="-3" id="f-357" unitRef="usd">268501000</us-gaap:DepreciationAndAmortization>
    <us-gaap:DepreciationAndAmortization contextRef="c-7" decimals="-3" id="f-358" unitRef="usd">252391000</us-gaap:DepreciationAndAmortization>
    <us-gaap:ShareBasedCompensation contextRef="c-1" decimals="-3" id="f-359" unitRef="usd">26803000</us-gaap:ShareBasedCompensation>
    <us-gaap:ShareBasedCompensation contextRef="c-6" decimals="-3" id="f-360" unitRef="usd">25409000</us-gaap:ShareBasedCompensation>
    <us-gaap:ShareBasedCompensation contextRef="c-7" decimals="-3" id="f-361" unitRef="usd">24885000</us-gaap:ShareBasedCompensation>
    <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-362" unitRef="usd">12095000</us-gaap:DeferredIncomeTaxExpenseBenefit>
    <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-363" unitRef="usd">24065000</us-gaap:DeferredIncomeTaxExpenseBenefit>
    <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-364" unitRef="usd">-9390000</us-gaap:DeferredIncomeTaxExpenseBenefit>
    <us-gaap:GainLossOnDispositionOfAssets1 contextRef="c-1" decimals="-3" id="f-365" unitRef="usd">-9633000</us-gaap:GainLossOnDispositionOfAssets1>
    <us-gaap:GainLossOnDispositionOfAssets1 contextRef="c-6" decimals="-3" id="f-366" unitRef="usd">-9070000</us-gaap:GainLossOnDispositionOfAssets1>
    <us-gaap:GainLossOnDispositionOfAssets1 contextRef="c-7" decimals="-3" id="f-367" unitRef="usd">43992000</us-gaap:GainLossOnDispositionOfAssets1>
    <mtn:ChangeinFairValueofContingentConsideration contextRef="c-1" decimals="-3" id="f-368" unitRef="usd">47957000</mtn:ChangeinFairValueofContingentConsideration>
    <mtn:ChangeinFairValueofContingentConsideration contextRef="c-6" decimals="-3" id="f-369" unitRef="usd">49836000</mtn:ChangeinFairValueofContingentConsideration>
    <mtn:ChangeinFairValueofContingentConsideration contextRef="c-7" decimals="-3" id="f-370" unitRef="usd">20280000</mtn:ChangeinFairValueofContingentConsideration>
    <us-gaap:OtherNoncashIncome contextRef="c-1" decimals="-3" id="f-371" unitRef="usd">7754000</us-gaap:OtherNoncashIncome>
    <us-gaap:OtherNoncashIncome contextRef="c-6" decimals="-3" id="f-372" unitRef="usd">4687000</us-gaap:OtherNoncashIncome>
    <us-gaap:OtherNoncashExpense contextRef="c-7" decimals="-3" id="f-373" unitRef="usd">3510000</us-gaap:OtherNoncashExpense>
    <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="c-1" decimals="-3" id="f-374" unitRef="usd">-12887000</us-gaap:IncreaseDecreaseInAccountsReceivable>
    <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="c-6" decimals="-3" id="f-375" unitRef="usd">-4248000</us-gaap:IncreaseDecreaseInAccountsReceivable>
    <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="c-7" decimals="-3" id="f-376" unitRef="usd">39010000</us-gaap:IncreaseDecreaseInAccountsReceivable>
    <us-gaap:IncreaseDecreaseInInventories contextRef="c-1" decimals="-3" id="f-377" unitRef="usd">-13190000</us-gaap:IncreaseDecreaseInInventories>
    <us-gaap:IncreaseDecreaseInInventories contextRef="c-6" decimals="-3" id="f-378" unitRef="usd">23418000</us-gaap:IncreaseDecreaseInInventories>
    <us-gaap:IncreaseDecreaseInInventories contextRef="c-7" decimals="-3" id="f-379" unitRef="usd">28048000</us-gaap:IncreaseDecreaseInInventories>
    <us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="c-1" decimals="-3" id="f-380" unitRef="usd">9369000</us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
    <us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="c-6" decimals="-3" id="f-381" unitRef="usd">-7509000</us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
    <us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="c-7" decimals="-3" id="f-382" unitRef="usd">41078000</us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
    <us-gaap:IncreaseDecreaseInDeferredRevenue contextRef="c-1" decimals="-3" id="f-383" unitRef="usd">2647000</us-gaap:IncreaseDecreaseInDeferredRevenue>
    <us-gaap:IncreaseDecreaseInDeferredRevenue contextRef="c-6" decimals="-3" id="f-384" unitRef="usd">60268000</us-gaap:IncreaseDecreaseInDeferredRevenue>
    <us-gaap:IncreaseDecreaseInDeferredRevenue contextRef="c-7" decimals="-3" id="f-385" unitRef="usd">48973000</us-gaap:IncreaseDecreaseInDeferredRevenue>
    <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable contextRef="c-1" decimals="-3" id="f-386" unitRef="usd">-42794000</us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable>
    <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable contextRef="c-6" decimals="-3" id="f-387" unitRef="usd">-32270000</us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable>
    <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable contextRef="c-7" decimals="-3" id="f-388" unitRef="usd">81307000</us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable>
    <us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet contextRef="c-1" decimals="-3" id="f-389" unitRef="usd">20031000</us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet>
    <us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet contextRef="c-6" decimals="-3" id="f-390" unitRef="usd">19053000</us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet>
    <us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet contextRef="c-7" decimals="-3" id="f-391" unitRef="usd">9822000</us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet>
    <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="c-1" decimals="-3" id="f-392" unitRef="usd">586774000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
    <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="c-6" decimals="-3" id="f-393" unitRef="usd">639563000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
    <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="c-7" decimals="-3" id="f-394" unitRef="usd">710499000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
    <us-gaap:PaymentsToAcquireProductiveAssets contextRef="c-1" decimals="-3" id="f-395" unitRef="usd">211197000</us-gaap:PaymentsToAcquireProductiveAssets>
    <us-gaap:PaymentsToAcquireProductiveAssets contextRef="c-6" decimals="-3" id="f-396" unitRef="usd">314912000</us-gaap:PaymentsToAcquireProductiveAssets>
    <us-gaap:PaymentsToAcquireProductiveAssets contextRef="c-7" decimals="-3" id="f-397" unitRef="usd">192817000</us-gaap:PaymentsToAcquireProductiveAssets>
    <us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired contextRef="c-1" decimals="-3" id="f-398" unitRef="usd">94356000</us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired>
    <us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired contextRef="c-6" decimals="-3" id="f-399" unitRef="usd">38567000</us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired>
    <us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired contextRef="c-7" decimals="-3" id="f-400" unitRef="usd">116337000</us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired>
    <mtn:BusinessCombinationDepositsReturned contextRef="c-1" decimals="-3" id="f-401" unitRef="usd">0</mtn:BusinessCombinationDepositsReturned>
    <mtn:BusinessCombinationDepositsReturned contextRef="c-6" decimals="-3" id="f-402" unitRef="usd">114506000</mtn:BusinessCombinationDepositsReturned>
    <mtn:BusinessCombinationDeposits contextRef="c-7" decimals="-3" id="f-403" unitRef="usd">114414000</mtn:BusinessCombinationDeposits>
    <us-gaap:PaymentsToAcquireShortTermInvestments contextRef="c-1" decimals="-3" id="f-404" unitRef="usd">0</us-gaap:PaymentsToAcquireShortTermInvestments>
    <us-gaap:PaymentsToAcquireShortTermInvestments contextRef="c-6" decimals="-3" id="f-405" unitRef="usd">86756000</us-gaap:PaymentsToAcquireShortTermInvestments>
    <us-gaap:PaymentsToAcquireShortTermInvestments contextRef="c-7" decimals="-3" id="f-406" unitRef="usd">0</us-gaap:PaymentsToAcquireShortTermInvestments>
    <us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments contextRef="c-1" decimals="-3" id="f-407" unitRef="usd">57647000</us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments>
    <us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments contextRef="c-6" decimals="-3" id="f-408" unitRef="usd">37978000</us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments>
    <us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments contextRef="c-7" decimals="-3" id="f-409" unitRef="usd">0</us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments>
    <us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment contextRef="c-1" decimals="-3" id="f-410" unitRef="usd">337000</us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment>
    <us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment contextRef="c-6" decimals="-3" id="f-411" unitRef="usd">5674000</us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment>
    <us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment contextRef="c-7" decimals="-3" id="f-412" unitRef="usd">66264000</us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment>
    <us-gaap:PaymentsForProceedsFromOtherInvestingActivities contextRef="c-1" decimals="-3" id="f-413" unitRef="usd">-6500000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
    <us-gaap:PaymentsForProceedsFromOtherInvestingActivities contextRef="c-6" decimals="-3" id="f-414" unitRef="usd">-8910000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
    <us-gaap:PaymentsForProceedsFromOtherInvestingActivities contextRef="c-7" decimals="-3" id="f-415" unitRef="usd">-9387000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
    <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="c-1" decimals="-3" id="f-416" unitRef="usd">-241069000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
    <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="c-6" decimals="-3" id="f-417" unitRef="usd">-273167000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
    <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="c-7" decimals="-3" id="f-418" unitRef="usd">-347917000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
    <mtn:ProceedsFrom6.50SeniorNotes contextRef="c-1" decimals="-3" id="f-419" unitRef="usd">600000000</mtn:ProceedsFrom6.50SeniorNotes>
    <mtn:ProceedsFrom6.50SeniorNotes contextRef="c-6" decimals="-3" id="f-420" unitRef="usd">0</mtn:ProceedsFrom6.50SeniorNotes>
    <mtn:ProceedsFrom6.50SeniorNotes contextRef="c-7" decimals="-3" id="f-421" unitRef="usd">0</mtn:ProceedsFrom6.50SeniorNotes>
    <mtn:RepaymentsofTermLoan contextRef="c-1" decimals="-3" id="f-422" unitRef="usd">55859000</mtn:RepaymentsofTermLoan>
    <mtn:RepaymentsofTermLoan contextRef="c-6" decimals="-3" id="f-423" unitRef="usd">62500000</mtn:RepaymentsofTermLoan>
    <mtn:RepaymentsofTermLoan contextRef="c-7" decimals="-3" id="f-424" unitRef="usd">62500000</mtn:RepaymentsofTermLoan>
    <mtn:RepaymentsOfBorrowingsUnder6.25Notes contextRef="c-1" decimals="-3" id="f-425" unitRef="usd">600000000</mtn:RepaymentsOfBorrowingsUnder6.25Notes>
    <mtn:RepaymentsOfBorrowingsUnder6.25Notes contextRef="c-6" decimals="-3" id="f-426" unitRef="usd">0</mtn:RepaymentsOfBorrowingsUnder6.25Notes>
    <mtn:RepaymentsOfBorrowingsUnder6.25Notes contextRef="c-7" decimals="-3" id="f-427" unitRef="usd">0</mtn:RepaymentsOfBorrowingsUnder6.25Notes>
    <mtn:RepaymentsofWhistlerCreditAgreementrevolver contextRef="c-1" decimals="-3" id="f-428" unitRef="usd">0</mtn:RepaymentsofWhistlerCreditAgreementrevolver>
    <mtn:RepaymentsofWhistlerCreditAgreementrevolver contextRef="c-6" decimals="-3" id="f-429" unitRef="usd">11389000</mtn:RepaymentsofWhistlerCreditAgreementrevolver>
    <mtn:RepaymentsofWhistlerCreditAgreementrevolver contextRef="c-7" decimals="-3" id="f-430" unitRef="usd">32633000</mtn:RepaymentsofWhistlerCreditAgreementrevolver>
    <mtn:RepaymentOfEB5DevelopmentNotes contextRef="c-1" decimals="-3" id="f-431" unitRef="usd">0</mtn:RepaymentOfEB5DevelopmentNotes>
    <mtn:RepaymentOfEB5DevelopmentNotes contextRef="c-6" decimals="-3" id="f-432" unitRef="usd">0</mtn:RepaymentOfEB5DevelopmentNotes>
    <mtn:RepaymentOfEB5DevelopmentNotes contextRef="c-7" decimals="-3" id="f-433" unitRef="usd">51500000</mtn:RepaymentOfEB5DevelopmentNotes>
    <us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation contextRef="c-1" decimals="-3" id="f-434" unitRef="usd">5625000</us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation>
    <us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation contextRef="c-6" decimals="-3" id="f-435" unitRef="usd">5486000</us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation>
    <us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation contextRef="c-7" decimals="-3" id="f-436" unitRef="usd">37300000</us-gaap:PaymentsRelatedToTaxWithholdingForShareBasedCompensation>
    <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="c-1" decimals="-3" id="f-437" unitRef="usd">150000000</us-gaap:PaymentsForRepurchaseOfCommonStock>
    <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="c-6" decimals="-3" id="f-438" unitRef="usd">500000000</us-gaap:PaymentsForRepurchaseOfCommonStock>
    <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="c-7" decimals="-3" id="f-439" unitRef="usd">75006000</us-gaap:PaymentsForRepurchaseOfCommonStock>
    <us-gaap:PaymentsOfDividends contextRef="c-1" decimals="-3" id="f-440" unitRef="usd">323684000</us-gaap:PaymentsOfDividends>
    <us-gaap:PaymentsOfDividends contextRef="c-6" decimals="-3" id="f-441" unitRef="usd">314350000</us-gaap:PaymentsOfDividends>
    <us-gaap:PaymentsOfDividends contextRef="c-7" decimals="-3" id="f-442" unitRef="usd">225786000</us-gaap:PaymentsOfDividends>
    <us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="c-1" decimals="-3" id="f-443" unitRef="usd">-39620000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
    <us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="c-6" decimals="-3" id="f-444" unitRef="usd">-21983000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
    <us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="c-7" decimals="-3" id="f-445" unitRef="usd">-8411000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
    <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="c-1" decimals="-3" id="f-446" unitRef="usd">-574788000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
    <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="c-6" decimals="-3" id="f-447" unitRef="usd">-915708000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
    <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="c-7" decimals="-3" id="f-448" unitRef="usd">-493136000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
    <us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="c-1" decimals="-3" id="f-449" unitRef="usd">-6947000</us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="c-6" decimals="-3" id="f-450" unitRef="usd">-3702000</us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="c-7" decimals="-3" id="f-451" unitRef="usd">-1913000</us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect contextRef="c-1" decimals="-3" id="f-452" unitRef="usd">-236030000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect contextRef="c-6" decimals="-3" id="f-453" unitRef="usd">-553014000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect contextRef="c-7" decimals="-3" id="f-454" unitRef="usd">-132467000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="c-5" decimals="-3" id="f-455" unitRef="usd">573093000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="c-30" decimals="-3" id="f-456" unitRef="usd">1126107000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="c-15" decimals="-3" id="f-457" unitRef="usd">1258574000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="c-4" decimals="-3" id="f-458" unitRef="usd">337063000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="c-5" decimals="-3" id="f-459" unitRef="usd">573093000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents contextRef="c-30" decimals="-3" id="f-460" unitRef="usd">1126107000</us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents>
    <us-gaap:InterestPaidNet contextRef="c-1" decimals="-3" id="f-461" unitRef="usd">146559000</us-gaap:InterestPaidNet>
    <us-gaap:InterestPaidNet contextRef="c-6" decimals="-3" id="f-462" unitRef="usd">140599000</us-gaap:InterestPaidNet>
    <us-gaap:InterestPaidNet contextRef="c-7" decimals="-3" id="f-463" unitRef="usd">114074000</us-gaap:InterestPaidNet>
    <us-gaap:IncomeTaxesPaid contextRef="c-1" decimals="-3" id="f-464" unitRef="usd">129350000</us-gaap:IncomeTaxesPaid>
    <us-gaap:IncomeTaxesPaid contextRef="c-6" decimals="-3" id="f-465" unitRef="usd">94342000</us-gaap:IncomeTaxesPaid>
    <us-gaap:IncomeTaxesPaid contextRef="c-7" decimals="-3" id="f-466" unitRef="usd">19692000</us-gaap:IncomeTaxesPaid>
    <us-gaap:CapitalExpendituresIncurredButNotYetPaid contextRef="c-1" decimals="-3" id="f-467" unitRef="usd">24872000</us-gaap:CapitalExpendituresIncurredButNotYetPaid>
    <us-gaap:CapitalExpendituresIncurredButNotYetPaid contextRef="c-6" decimals="-3" id="f-468" unitRef="usd">23210000</us-gaap:CapitalExpendituresIncurredButNotYetPaid>
    <us-gaap:CapitalExpendituresIncurredButNotYetPaid contextRef="c-7" decimals="-3" id="f-469" unitRef="usd">30556000</us-gaap:CapitalExpendituresIncurredButNotYetPaid>
    <us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock contextRef="c-1" id="f-470">&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:28.5pt"&gt;Organization and Business&lt;/span&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Vail Resorts, Inc. (&#x201c;Vail Resorts&#x201d;) is organized as a holding company and operates through various subsidiaries. Vail Resorts and its subsidiaries (collectively, the &#x201c;Company&#x201d;) operate in three reportable segments: Mountain, Lodging and Real Estate. The Company refers to &#x201c;Resort&#x201d; as the combination of the Mountain and Lodging segments. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In the Mountain segment, the Company operates the following 42 destination mountain resorts and regional ski areas, (collectively, &#x201c;Resorts&#x201d;): &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;img alt="MAPUPDATE_20240510 (1).jpg" src="mtn-20240731_g2.jpg" style="height:301px;margin-bottom:5pt;vertical-align:text-bottom;width:684px"/&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;*Denotes a destination mountain resort, which generally receives a meaningful portion of skier visits from long-distance travelers, as opposed to the Company&#x2019;s regional ski areas, which tend to generate skier visits predominantly from their respective local markets. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Additionally, the Mountain segment includes ancillary services, primarily including ski school, dining and retail/rental operations, and for the Company&#x2019;s Australian ski areas, including lodging and transportation operations. Several of the resorts located in the United States (&#x201c;U.S.&#x201d;) operate primarily on federal land under the terms of Special Use Permits granted by the U.S. Department of Agriculture Forest Service. The operations of Whistler Blackcomb are conducted on land owned by the government of the Province of British Columbia, Canada within the traditional territory of the Squamish and Lil&#x2019;wat Nations. The operations of the Company&#x2019;s Australian ski areas are conducted pursuant to long-term leases and licenses on land owned by the governments of New South Wales and Victoria, Australia. A portion of the operations of Andermatt-Sedrun are conducted on land owned by the Swiss Confederation, for which operations are conducted under leasehold agreements and pursuant to a personal easement on land owned by the municipality of Tujetsch.&lt;/span&gt;&lt;span style="color:#ee2724;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"&gt; &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Portions of the Crans-Montana resort operations are conducted on land owned third parties, including local municipalities, via numerous registered easements, building rights (which may be subject to federal concessions), or other agreements. Okemo, Mount Sunapee and Stowe operate on land leased from the respective states in which the resorts are located and on land owned by the Company.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In the Lodging segment, the Company owns and/or manages a collection of luxury hotels and condominiums under its RockResorts brand; other strategic lodging properties and a large number of condominiums located in proximity to the Company&#x2019;s North American mountain resorts; National Park Service (&#x201c;NPS&#x201d;) concessioner properties including the Grand Teton Lodge Company, which operates destination resorts in Grand Teton National Park; a Colorado resort ground transportation company and mountain resort golf courses.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company&#x2019;s Real Estate segment primarily owns, develops and sells real estate in and around the Company&#x2019;s resort communities.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company&#x2019;s mountain business and its lodging properties at or around the Company&#x2019;s mountain resorts are seasonal in nature, and typically experience their peak operating seasons primarily from mid-December through mid-April in North &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;America and Europe. The peak operating season at the Company&#x2019;s Australian resorts, NPS concessioner properties and golf courses generally occurs from June to early October.&lt;/span&gt;&lt;/div&gt;</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock>
    <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="c-1" id="f-471">&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:28.5pt"&gt;Summary of Significant Accounting Policies&lt;/span&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Principles of Consolidation &#x2014; &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The accompanying Consolidated Financial Statements include the accounts of the Company and its consolidated subsidiaries for which the Company has a controlling financial interest. Investments in which the Company does not have a controlling financial interest, but has significant influence, are accounted for under the equity method. All significant intercompany transactions have been eliminated in consolidation.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Cash and Cash Equivalents &#x2014; &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company considers all highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Accounts Receivable &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company records trade accounts receivable in the normal course of business related to the sale of products or services. The allowance for doubtful accounts is based on a specific reserve analysis and on a percentage of accounts receivable and takes into consideration such factors as historical write-offs, the economic climate and other factors that could affect collectability. Write-offs are evaluated on a case by case basis.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Inventories &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company&#x2019;s inventories consist primarily of purchased retail goods, food and beverage items and spare parts. Inventories are stated at the lower of cost or net realizable value, determined using primarily an average weighted cost method. The Company records a reserve for estimated shrinkage and obsolete or unusable inventory.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Property, Plant and Equipment &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Property, plant and equipment is carried at cost net of accumulated depreciation. Costs of repairs and maintenance are expensed as incurred. Expenditures that improve the functionality of the related asset or extend the useful life are capitalized. When property, plant and equipment is retired or otherwise disposed of, the related gain or loss is included in income from operations. Leasehold improvements are amortized on the straight-line method over the shorter of the remaining lease term or estimated useful life of the asset. Depreciation is calculated on the straight-line method, including property, plant and equipment under finance leases, generally based on the following useful lives:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:76.465%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:21.335%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Estimated&#160;Life&lt;br/&gt;in Years&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Land improvements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10-35&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Buildings and building improvements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7-30&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Machinery and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2-30&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Furniture and fixtures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3-10&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Software&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vehicles&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3-10&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Real Estate Held for Sale or Investment &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company capitalizes as real estate held for sale or investment the original land acquisition cost, direct construction and development costs, property taxes, interest paid and other related costs related to real estate under development. Sales and marketing expenses are charged against income in the period incurred. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Deferred Financing Costs &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Certain costs incurred with the issuance of debt and debt securities are capitalized and included as a reduction in the net carrying value of long-term debt, net of accumulated amortization, with the exception of costs incurred related to line-of-credit arrangements, which are included in deferred charges and other assets, net of accumulated amortization. Amortization of such deferred financing costs are recorded to interest expense, net on the Company&#x2019;s Consolidated Statements of Operations over the respective term of the applicable debt instruments. When debt is extinguished prior to its maturity date, the amortization of the remaining unamortized deferred financing costs, or pro-rata portion thereof, is charged to loss on extinguishment of debt.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Goodwill and Intangible Assets &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company has classified as goodwill the cost in excess of estimated fair value of the net assets of businesses acquired in purchase transactions. The Company&#x2019;s major intangible asset classes are trademarks, water rights, customer lists, property management contracts and Forest Service permits. Goodwill and various indefinite-lived intangible assets, including certain trademarks, water rights and certain property management contracts, are not amortized but are subject to at least annual impairment testing. The Company tests these non-amortizing assets annually (or more often, if necessary) for impairment as of May&#160;1. Definite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;For the testing of goodwill and other indefinite-lived intangible assets for impairment, the Company may perform a qualitative analysis to determine whether it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset exceeds the carrying amount, which includes an evaluation as to whether there have been significant changes to macro-economic factors related to the reporting unit or intangible asset that could materially impact fair value. If it is determined, based on qualitative factors, that the fair value of the reporting unit or indefinite-lived intangible asset is more likely than not less than carrying amount, or if significant changes to macro-economic factors related to the reporting unit or intangible asset have occurred that could materially impact estimated fair values since the previous quantitative analysis was performed, a quantitative impairment test would be required, in which the Company would determine the estimated fair value of its reporting units using discounted cash flow analyses and determine the estimated fair value of its indefinite-lived intangible assets using an income approach. The quantitative test for impairment consists of a comparison of the estimated fair value of the assets with their respective net carrying values. If the net carrying amount of the assets exceed their respective estimated fair values, an impairment loss would be recognized for indefinite-lived intangibles, including goodwill, in an amount equal to that excess. If the net carrying amount of the assets does not exceed their respective estimated fair values, no impairment loss is recognized. The Company determined that there were no impairments of goodwill or definite and indefinite-lived assets for the years ended July&#160;31, 2024, 2023 and 2022.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Long-Lived Assets &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company evaluates potential impairment of long-lived assets and long-lived assets to be disposed of whenever events or changes in circumstances indicate that the net carrying amount of an asset group may not be fully recoverable. If the sum of the expected cash flows, on an undiscounted basis, is less than the net carrying amount of the asset group, an impairment loss is recognized in the amount by which the net carrying amount of the asset group exceeds its estimated fair value. The Company determined that there were no impairments of long-lived assets for the years ended July&#160;31, 2024, 2023 and 2022.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Revenue Recognition &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company&#x2019;s significant accounting policies with regard to revenue recognition are discussed in Note 3, Revenues.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Real Estate Cost of Sales &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Costs of real estate transactions include direct project costs, common cost allocations (primarily determined on relative sales value) and sales commission expense. The Company utilizes the relative sales value method to determine cost of sales for condominium units sold within a project when specific identification of costs cannot be reasonably determined. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Foreign Currency Translation &#x2014; &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The functional currency of the Company&#x2019;s entities operating outside of the United States is the principal currency of the economic environment in which the entity primarily generates and expends cash, which is generally the local currency. The assets and liabilities of these foreign operations are translated at the exchange rate in effect as of the balance sheet dates. Income and expense items are translated using the average exchange rate for the period. Translation adjustments from currency exchange, including intercompany transactions of a long-term nature, are recorded in accumulated other comprehensive (loss) income as a separate component of stockholders&#x2019; equity. Intercompany transactions that are not of a long-term nature are reported as gains and losses within &#x201c;segment operating expense&#x201d; and for intercompany loans within &#x201c;foreign currency loss on intercompany loans&#x201d; on the Company&#x2019;s Consolidated Statements of Operations.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Reserve Estimates &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company uses estimates to record reserves for certain liabilities, including medical claims, workers&#x2019; compensation claims, third-party loss contingencies and property taxes, among other items. The Company estimates the probable costs related to these liabilities that will be incurred and records that amount as a liability in its Consolidated Financial Statements. Additionally, the Company records, as applicable, receivables related to insurance recoveries for loss contingencies if deemed probable of recovery. These estimates are reviewed and adjusted as the facts and circumstances change. The Company records legal costs related to defending claims as they are incurred.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Advertising Costs &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Advertising costs are expensed at the time such advertising commences. Advertising expense for the years ended July&#160;31, 2024, 2023 and 2022 was $49.8 million, $47.2 million and $47.7 million, respectively, and was recorded within Mountain and Lodging operating expense on the Company&#x2019;s Consolidated Statement of Operations. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Income Taxes &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Income tax expense includes U.S. (federal and state) and foreign income taxes. The Company&#x2019;s provision for income taxes is based on pre-tax income, changes in deferred tax assets and liabilities and changes in estimates with regard to uncertain tax positions. Deferred tax assets and liabilities are recorded for the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported in the accompanying Consolidated Balance Sheets and for operating loss and tax credit carrybacks or carryforwards. The change in deferred tax assets and liabilities for the period measures the deferred tax provision or benefit for the period. Effects of changes in enacted tax laws on deferred tax assets and liabilities are reflected as adjustments to the tax provision or benefit in the period of enactment. The Company&#x2019;s deferred tax assets have been reduced by a valuation allowance to the extent it is deemed to be more likely than not that some or &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;all of the deferred tax assets will not be realized. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is &#x201c;more-likely-than-not&#x201d; to be sustained, on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the largest tax benefit that is cumulatively greater than 50% likely of being realized upon ultimate settlement. Interest and penalties accrued in connection with uncertain tax positions are recognized as a component of income tax expense. See Note 10, Income Taxes, for more information.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Fair Value of Financial Instruments &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2014; The estimated fair values of the 6.50% Notes and the 0.0% Convertible Notes (each as defined in Note 6, Long-Term Debt) are based on quoted market prices (a Level 2 input). The estimated fair value of the EPR Secured Notes and the NRP Loan (both as defined in Note 6, Long-Term Debt) have been estimated using analyses based on current borrowing rates for comparable debt instruments with similar maturity dates (a Level 2 input). The carrying values, including any unamortized premium or discount, and estimated fair values of the 6.50% Notes, 0.0% Convertible Notes, EPR Secured Notes and NRP Loan as of July&#160;31, 2024 are presented below (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:59.724%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:18.487%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:18.489%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Carrying Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Estimated Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.50% Notes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;600,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;614,982&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.0% Convertible Notes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;575,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;530,311&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;EPR Secured Notes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;130,899&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;182,926&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;NRP Loan&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,305&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,809&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The carrying values for all other material financial instruments not included in the above table approximate their respective fair value due to their short-term nature or the variable nature of their associated interest rates.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Stock-Based Compensation &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Stock-based compensation expense is measured at the grant date based upon the estimated fair value of the award and is recognized as expense over the applicable vesting period of the award generally using the straight-line method (see Note 14, Stock Compensation Plan, for more information). Forfeitures are recorded as they occur. The following table shows total net stock-based compensation expense for the years ended July&#160;31, 2024, 2023 and 2022 included on the accompanying Consolidated Statements of Operations (in thousands):&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,234&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,242&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,892&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,349&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,972&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,737&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real Estate stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;220&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;195&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;256&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Pre-tax stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;26,803&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,409&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: benefit from income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,157&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,189&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,646&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,696&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Concentration of Credit Risk &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company&#x2019;s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and restricted cash. The Company places its cash and cash investments in accounts with high-quality credit institutions. The Company does not enter into financial instruments for trading or speculative purposes. Concentration of credit risk with respect to accounts and notes receivables is limited due to the wide variety of customers and markets in which the Company conducts business, as well as their dispersion across many geographical areas. The Company performs ongoing credit evaluations of its customers and generally does not require collateral, but does require advance deposits on certain transactions.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Accounting for Hedging Instruments &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; From time to time, the Company enters into interest rate swaps to hedge the variability in cash flows associated with variable-rate borrowings by converting the floating interest rate to a fixed interest rate (the &#x201c;Interest Rate Swaps&#x201d;). As of July&#160;31, 2024, the Company hedged the future cash flows associated with $400.0 million of the principal amount outstanding of its Vail Holdings Credit Agreement (as defined in Note 6, Long-Term Debt), which were designated as cash flow hedges. These interest rate swaps expired on September 23, 2024.The accounting for changes in fair value of hedging instruments depends on the effectiveness of the hedge. In order to qualify for hedge accounting, the underlying hedged item must expose the Company to risks associated with market fluctuations and the financial instrument used must reduce the Company&#x2019;s exposure to market fluctuation throughout the hedge period. Changes in estimated fair value of the Interest Rate Swaps are recorded within change in estimated fair value of hedging instruments, net of tax, on the &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Company&#x2019;s Consolidated Statements of Comprehensive Income, and such change was recorded as a (loss) gain of $(11.1)&#160;million, $3.7&#160;million and $18.9&#160;million during the years ended July&#160;31, 2024, 2023 and 2022, respectively. Amounts are reclassified into interest expense, net from other comprehensive income during the period in which the hedged item affects earnings. During the years ended July&#160;31, 2024, 2023 and 2022, gains (losses) of $16.1&#160;million, $11.0&#160;million and $(4.3)&#160;million, respectively, were reclassified into interest expense, net from other comprehensive income. See Note 9, Fair Value Measurements, for more information.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Leases &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there is one or more assets identified and the right to control the use of any identified asset is conveyed to the Company for a period of time in exchange for consideration. Control over the use of an identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. Generally, the Company classifies a lease as a finance lease if the terms of the agreement effectively transfer control of the underlying asset; otherwise, it is classified as an operating lease.&#160;For contracts that contain lease and non-lease components, the Company accounts for these components separately. For leases with terms greater than twelve months, the associated lease right-of-use (&#x201c;ROU&#x201d;) assets and lease liabilities are recognized at the estimated present value of future lease payments over the lease term at commencement date. The Company&#x2019;s leases do not provide a readily determinable implicit rate; therefore, the Company uses an estimated incremental borrowing rate to discount the future minimum lease payments. For leases containing fixed rental escalation clauses, the escalators are factored into the determination of future minimum lease payments. The Company includes options to extend a lease when it is reasonably certain that such options will be exercised. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. See&#160;Note 4, Leases, for more information.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Use of Estimates &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#x201c;GAAP&#x201d;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Recently Issued Accounting Standards&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Standards Being Evaluated&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In November 2023, the Financial Accounting Standards Board (the &#x201c;FASB&#x201d;) issued Accounting Standards Update (&#x201c;ASU&#x201d;) 2023-07, &#x201c;Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,&#x201d; which is intended to improve reportable segment disclosures, primarily through incorporating enhanced segment disclosure requirements set forth by the Securities and Exchange Commission into U.S. GAAP. The enhanced disclosures will primarily require public entities to include specific disclosures regarding &#x201c;significant expenses&#x201d; that are regularly provided to or easily computed from information provided to the chief operating decision maker (&#x201c;CODM&#x201d;) and included within segment profit and loss. This ASU also requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 (the Company&#x2019;s fiscal year ending July 31, 2025), and interim periods within fiscal years beginning after December 15, 2024 (the Company&#x2019;s fiscal quarter ending October 31, 2025), with early adoption permitted. The Company will adopt the standard during the fourth quarter of its fiscal year ending July 31, 2025 and is in the process of evaluating the effect that the adoption of this standard will have on its Consolidated Financial Statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In December 2023, the FASB issued ASU 2023-09, &#x201c;Income Taxes (Topic 740): Improvements to Income Tax Disclosures,&#x201d; which includes amendments that further enhance the transparency and decision usefulness of income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. This update is effective for annual periods beginning after December 15, 2024 (the Company&#x2019;s fiscal year ending July 31, 2026), though early adoption is permitted. The Company is in the process of evaluating the effect that the adoption of this standard will have on its Consolidated Financial Statements, including determining the timing of adoption.&lt;/span&gt;&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
    <us-gaap:ConsolidationPolicyTextBlock contextRef="c-1" id="f-472">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Principles of Consolidation &#x2014; &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The accompanying Consolidated Financial Statements include the accounts of the Company and its consolidated subsidiaries for which the Company has a controlling financial interest. Investments in which the Company does not have a controlling financial interest, but has significant influence, are accounted for under the equity method. All significant intercompany transactions have been eliminated in consolidation.&lt;/span&gt;&lt;/div&gt;</us-gaap:ConsolidationPolicyTextBlock>
    <us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="c-1" id="f-473">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Cash and Cash Equivalents &#x2014; &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company considers all highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents.&lt;/span&gt;&lt;/div&gt;</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
    <us-gaap:TradeAndOtherAccountsReceivablePolicy contextRef="c-1" id="f-474">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Accounts Receivable &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company records trade accounts receivable in the normal course of business related to the sale of products or services. The allowance for doubtful accounts is based on a specific reserve analysis and on a percentage of accounts receivable and takes into consideration such factors as historical write-offs, the economic climate and other factors that could affect collectability. Write-offs are evaluated on a case by case basis.&lt;/span&gt;&lt;/div&gt;</us-gaap:TradeAndOtherAccountsReceivablePolicy>
    <us-gaap:InventoryPolicyTextBlock contextRef="c-1" id="f-475">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Inventories &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company&#x2019;s inventories consist primarily of purchased retail goods, food and beverage items and spare parts. Inventories are stated at the lower of cost or net realizable value, determined using primarily an average weighted cost method. The Company records a reserve for estimated shrinkage and obsolete or unusable inventory.&lt;/span&gt;&lt;/div&gt;</us-gaap:InventoryPolicyTextBlock>
    <us-gaap:PropertyPlantAndEquipmentPolicyTextBlock contextRef="c-1" id="f-476">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Property, Plant and Equipment &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Property, plant and equipment is carried at cost net of accumulated depreciation. Costs of repairs and maintenance are expensed as incurred. Expenditures that improve the functionality of the related asset or extend the useful life are capitalized. When property, plant and equipment is retired or otherwise disposed of, the related gain or loss is included in income from operations. Leasehold improvements are amortized on the straight-line method over the shorter of the remaining lease term or estimated useful life of the asset. Depreciation is calculated on the straight-line method, including property, plant and equipment under finance leases, generally based on the following useful lives:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:76.465%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:21.335%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Estimated&#160;Life&lt;br/&gt;in Years&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Land improvements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10-35&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Buildings and building improvements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7-30&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Machinery and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2-30&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Furniture and fixtures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3-10&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Software&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vehicles&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3-10&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
    <mtn:ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock contextRef="c-1" id="f-477">Depreciation is calculated on the straight-line method, including property, plant and equipment under finance leases, generally based on the following useful lives:&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:76.465%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:21.335%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Estimated&#160;Life&lt;br/&gt;in Years&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Land improvements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10-35&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Buildings and building improvements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7-30&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Machinery and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2-30&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Furniture and fixtures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3-10&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Software&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vehicles&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3-10&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mtn:ScheduleOfEstimatedUsefulLifeOfPropertyPlantAndEquipmentTableTextBlock>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-59" id="f-478">P10Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-60" id="f-479">P35Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-61" id="f-480">P7Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-62" id="f-481">P30Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-63" id="f-482">P2Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-64" id="f-483">P30Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-65" id="f-484">P3Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-66" id="f-485">P10Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-67" id="f-486">P3Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-68" id="f-487">P3Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="c-69" id="f-488">P10Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
    <us-gaap:RealEstateHeldForDevelopmentAndSalePolicy contextRef="c-1" id="f-489">&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Real Estate Held for Sale or Investment &#x2014;&lt;/span&gt; The Company capitalizes as real estate held for sale or investment the original land acquisition cost, direct construction and development costs, property taxes, interest paid and other related costs related to real estate under development. Sales and marketing expenses are charged against income in the period incurred.</us-gaap:RealEstateHeldForDevelopmentAndSalePolicy>
    <us-gaap:DeferredChargesPolicyTextBlock contextRef="c-1" id="f-490">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Deferred Financing Costs &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Certain costs incurred with the issuance of debt and debt securities are capitalized and included as a reduction in the net carrying value of long-term debt, net of accumulated amortization, with the exception of costs incurred related to line-of-credit arrangements, which are included in deferred charges and other assets, net of accumulated amortization. Amortization of such deferred financing costs are recorded to interest expense, net on the Company&#x2019;s Consolidated Statements of Operations over the respective term of the applicable debt instruments. When debt is extinguished prior to its maturity date, the amortization of the remaining unamortized deferred financing costs, or pro-rata portion thereof, is charged to loss on extinguishment of debt.&lt;/span&gt;&lt;/div&gt;</us-gaap:DeferredChargesPolicyTextBlock>
    <us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock contextRef="c-1" id="f-491">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Goodwill and Intangible Assets &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company has classified as goodwill the cost in excess of estimated fair value of the net assets of businesses acquired in purchase transactions. The Company&#x2019;s major intangible asset classes are trademarks, water rights, customer lists, property management contracts and Forest Service permits. Goodwill and various indefinite-lived intangible assets, including certain trademarks, water rights and certain property management contracts, are not amortized but are subject to at least annual impairment testing. The Company tests these non-amortizing assets annually (or more often, if necessary) for impairment as of May&#160;1. Definite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;For the testing of goodwill and other indefinite-lived intangible assets for impairment, the Company may perform a qualitative analysis to determine whether it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset exceeds the carrying amount, which includes an evaluation as to whether there have been significant changes to macro-economic factors related to the reporting unit or intangible asset that could materially impact fair value. If it is determined, based on qualitative factors, that the fair value of the reporting unit or indefinite-lived intangible asset is more likely than not less than carrying amount, or if significant changes to macro-economic factors related to the reporting unit or intangible asset have occurred that could materially impact estimated fair values since the previous quantitative analysis was performed, a quantitative impairment test would be required, in which the Company would determine the estimated fair value of its reporting units using discounted cash flow analyses and determine the estimated fair value of its indefinite-lived intangible assets using an income approach. The quantitative test for impairment consists of a comparison of the estimated fair value of the assets with their respective net carrying values. If the net carrying amount of the assets exceed their respective estimated fair values, an impairment loss would be recognized for indefinite-lived intangibles, including goodwill, in an amount equal to that excess. If the net carrying amount of the assets does not exceed their respective estimated fair values, no impairment loss is recognized. The Company determined that there were no impairments of goodwill or definite and indefinite-lived assets for the years ended July&#160;31, 2024, 2023 and 2022.&lt;/span&gt;&lt;/div&gt;</us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock>
    <us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock contextRef="c-1" id="f-492">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Long-Lived Assets &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company evaluates potential impairment of long-lived assets and long-lived assets to be disposed of whenever events or changes in circumstances indicate that the net carrying amount of an asset group may not be fully recoverable. If the sum of the expected cash flows, on an undiscounted basis, is less than the net carrying amount of the asset group, an impairment loss is recognized in the amount by which the net carrying amount of the asset group exceeds its estimated fair value. The Company determined that there were no impairments of long-lived assets for the years ended July&#160;31, 2024, 2023 and 2022.&lt;/span&gt;&lt;/div&gt;</us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock>
    <us-gaap:RealEstatePolicyTextBlock contextRef="c-1" id="f-493">&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Real Estate Cost of Sales &#x2014;&lt;/span&gt; Costs of real estate transactions include direct project costs, common cost allocations (primarily determined on relative sales value) and sales commission expense. The Company utilizes the relative sales value method to determine cost of sales for condominium units sold within a project when specific identification of costs cannot be reasonably determined.</us-gaap:RealEstatePolicyTextBlock>
    <us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock contextRef="c-1" id="f-494">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Foreign Currency Translation &#x2014; &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The functional currency of the Company&#x2019;s entities operating outside of the United States is the principal currency of the economic environment in which the entity primarily generates and expends cash, which is generally the local currency. The assets and liabilities of these foreign operations are translated at the exchange rate in effect as of the balance sheet dates. Income and expense items are translated using the average exchange rate for the period. Translation adjustments from currency exchange, including intercompany transactions of a long-term nature, are recorded in accumulated other comprehensive (loss) income as a separate component of stockholders&#x2019; equity. Intercompany transactions that are not of a long-term nature are reported as gains and losses within &#x201c;segment operating expense&#x201d; and for intercompany loans within &#x201c;foreign currency loss on intercompany loans&#x201d; on the Company&#x2019;s Consolidated Statements of Operations.&lt;/span&gt;&lt;/div&gt;</us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock>
    <us-gaap:LiabilityReserveEstimatePolicy contextRef="c-1" id="f-495">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Reserve Estimates &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company uses estimates to record reserves for certain liabilities, including medical claims, workers&#x2019; compensation claims, third-party loss contingencies and property taxes, among other items. The Company estimates the probable costs related to these liabilities that will be incurred and records that amount as a liability in its Consolidated Financial Statements. Additionally, the Company records, as applicable, receivables related to insurance recoveries for loss contingencies if deemed probable of recovery. These estimates are reviewed and adjusted as the facts and circumstances change. The Company records legal costs related to defending claims as they are incurred.&lt;/span&gt;&lt;/div&gt;</us-gaap:LiabilityReserveEstimatePolicy>
    <us-gaap:AdvertisingCostsPolicyTextBlock contextRef="c-1" id="f-496">&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Advertising Costs &#x2014;&lt;/span&gt; Advertising costs are expensed at the time such advertising commences. Advertising expense for the years ended July&#160;31, 2024, 2023 and 2022 was $49.8 million, $47.2 million and $47.7 million, respectively, and was recorded within Mountain and Lodging operating expense on the Company&#x2019;s Consolidated Statement of Operations.</us-gaap:AdvertisingCostsPolicyTextBlock>
    <us-gaap:AdvertisingExpense contextRef="c-1" decimals="-5" id="f-497" unitRef="usd">49800000</us-gaap:AdvertisingExpense>
    <us-gaap:AdvertisingExpense contextRef="c-6" decimals="-5" id="f-498" unitRef="usd">47200000</us-gaap:AdvertisingExpense>
    <us-gaap:AdvertisingExpense contextRef="c-7" decimals="-5" id="f-499" unitRef="usd">47700000</us-gaap:AdvertisingExpense>
    <us-gaap:IncomeTaxPolicyTextBlock contextRef="c-1" id="f-500">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Income Taxes &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Income tax expense includes U.S. (federal and state) and foreign income taxes. The Company&#x2019;s provision for income taxes is based on pre-tax income, changes in deferred tax assets and liabilities and changes in estimates with regard to uncertain tax positions. Deferred tax assets and liabilities are recorded for the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported in the accompanying Consolidated Balance Sheets and for operating loss and tax credit carrybacks or carryforwards. The change in deferred tax assets and liabilities for the period measures the deferred tax provision or benefit for the period. Effects of changes in enacted tax laws on deferred tax assets and liabilities are reflected as adjustments to the tax provision or benefit in the period of enactment. The Company&#x2019;s deferred tax assets have been reduced by a valuation allowance to the extent it is deemed to be more likely than not that some or &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;all of the deferred tax assets will not be realized. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is &#x201c;more-likely-than-not&#x201d; to be sustained, on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the largest tax benefit that is cumulatively greater than 50% likely of being realized upon ultimate settlement. Interest and penalties accrued in connection with uncertain tax positions are recognized as a component of income tax expense. See Note 10, Income Taxes, for more information.&lt;/span&gt;&lt;/div&gt;</us-gaap:IncomeTaxPolicyTextBlock>
    <us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef="c-1" id="f-501">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Fair Value of Financial Instruments &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2014; The estimated fair values of the 6.50% Notes and the 0.0% Convertible Notes (each as defined in Note 6, Long-Term Debt) are based on quoted market prices (a Level 2 input). The estimated fair value of the EPR Secured Notes and the NRP Loan (both as defined in Note 6, Long-Term Debt) have been estimated using analyses based on current borrowing rates for comparable debt instruments with similar maturity dates (a Level 2 input). The carrying values, including any unamortized premium or discount, and estimated fair values of the 6.50% Notes, 0.0% Convertible Notes, EPR Secured Notes and NRP Loan as of July&#160;31, 2024 are presented below (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:59.724%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:18.487%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:18.489%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Carrying Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Estimated Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.50% Notes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;600,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;614,982&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.0% Convertible Notes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;575,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;530,311&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;EPR Secured Notes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;130,899&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;182,926&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;NRP Loan&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,305&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,809&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The carrying values for all other material financial instruments not included in the above table approximate their respective fair value due to their short-term nature or the variable nature of their associated interest rates.&lt;/span&gt;&lt;/div&gt;</us-gaap:FairValueOfFinancialInstrumentsPolicy>
    <us-gaap:ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock contextRef="c-1" id="f-502">The carrying values, including any unamortized premium or discount, and estimated fair values of the 6.50% Notes, 0.0% Convertible Notes, EPR Secured Notes and NRP Loan as of July&#160;31, 2024 are presented below (in thousands):&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:59.724%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:18.487%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:18.489%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Carrying Value&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Estimated Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.50% Notes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;600,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;614,982&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.0% Convertible Notes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;575,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;530,311&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;EPR Secured Notes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;130,899&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;182,926&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;NRP Loan&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,305&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,809&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock>
    <us-gaap:NotesAndLoansPayable contextRef="c-70" decimals="-3" id="f-503" unitRef="usd">600000000</us-gaap:NotesAndLoansPayable>
    <us-gaap:DebtInstrumentFairValue contextRef="c-70" decimals="-3" id="f-504" unitRef="usd">614982000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:NotesAndLoansPayable contextRef="c-71" decimals="-3" id="f-505" unitRef="usd">575000000</us-gaap:NotesAndLoansPayable>
    <us-gaap:DebtInstrumentFairValue contextRef="c-71" decimals="-3" id="f-506" unitRef="usd">530311000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:NotesAndLoansPayable contextRef="c-72" decimals="-3" id="f-507" unitRef="usd">130899000</us-gaap:NotesAndLoansPayable>
    <us-gaap:DebtInstrumentFairValue contextRef="c-72" decimals="-3" id="f-508" unitRef="usd">182926000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:NotesAndLoansPayable contextRef="c-73" decimals="-3" id="f-509" unitRef="usd">37305000</us-gaap:NotesAndLoansPayable>
    <us-gaap:DebtInstrumentFairValue contextRef="c-73" decimals="-3" id="f-510" unitRef="usd">31809000</us-gaap:DebtInstrumentFairValue>
    <us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy contextRef="c-1" id="f-511">&lt;div style="margin-top:9pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Stock-Based Compensation &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Stock-based compensation expense is measured at the grant date based upon the estimated fair value of the award and is recognized as expense over the applicable vesting period of the award generally using the straight-line method (see Note 14, Stock Compensation Plan, for more information). Forfeitures are recorded as they occur. The following table shows total net stock-based compensation expense for the years ended July&#160;31, 2024, 2023 and 2022 included on the accompanying Consolidated Statements of Operations (in thousands):&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,234&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,242&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,892&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,349&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,972&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,737&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real Estate stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;220&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;195&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;256&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Pre-tax stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;26,803&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,409&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: benefit from income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,157&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,189&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,646&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,696&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy>
    <us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock contextRef="c-1" id="f-512">The following table shows total net stock-based compensation expense for the years ended July&#160;31, 2024, 2023 and 2022 included on the accompanying Consolidated Statements of Operations (in thousands):&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"&gt;&#160;&lt;/span&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,234&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,242&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,892&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,349&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,972&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,737&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real Estate stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;220&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;195&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;256&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Pre-tax stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;26,803&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,409&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: benefit from income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,157&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,189&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net stock-based compensation expense&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,646&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,458&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,696&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-74" decimals="-3" id="f-513" unitRef="usd">23234000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-75" decimals="-3" id="f-514" unitRef="usd">21242000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-76" decimals="-3" id="f-515" unitRef="usd">20892000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-77" decimals="-3" id="f-516" unitRef="usd">3349000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-78" decimals="-3" id="f-517" unitRef="usd">3972000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-79" decimals="-3" id="f-518" unitRef="usd">3737000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-80" decimals="-3" id="f-519" unitRef="usd">220000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-81" decimals="-3" id="f-520" unitRef="usd">195000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-82" decimals="-3" id="f-521" unitRef="usd">256000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-1" decimals="-3" id="f-522" unitRef="usd">26803000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-6" decimals="-3" id="f-523" unitRef="usd">25409000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="c-7" decimals="-3" id="f-524" unitRef="usd">24885000</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense contextRef="c-1" decimals="-3" id="f-525" unitRef="usd">6157000</us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense>
    <us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense contextRef="c-6" decimals="-3" id="f-526" unitRef="usd">5951000</us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense>
    <us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense contextRef="c-7" decimals="-3" id="f-527" unitRef="usd">6189000</us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax contextRef="c-1" decimals="-3" id="f-528" unitRef="usd">20646000</us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax>
    <us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax contextRef="c-6" decimals="-3" id="f-529" unitRef="usd">19458000</us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax>
    <us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax contextRef="c-7" decimals="-3" id="f-530" unitRef="usd">18696000</us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax>
    <mtn:ConcentrationOfCreditRiskPolicyTextBlock contextRef="c-1" id="f-531">&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Concentration of Credit Risk &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company&#x2019;s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and restricted cash. The Company places its cash and cash investments in accounts with high-quality credit institutions. The Company does not enter into financial instruments for trading or speculative purposes. Concentration of credit risk with respect to accounts and notes receivables is limited due to the wide variety of customers and markets in which the Company conducts business, as well as their dispersion across many geographical areas. The Company performs ongoing credit evaluations of its customers and generally does not require collateral, but does require advance deposits on certain transactions.&lt;/span&gt;&lt;/div&gt;</mtn:ConcentrationOfCreditRiskPolicyTextBlock>
    <us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock contextRef="c-1" id="f-532">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Accounting for Hedging Instruments &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; From time to time, the Company enters into interest rate swaps to hedge the variability in cash flows associated with variable-rate borrowings by converting the floating interest rate to a fixed interest rate (the &#x201c;Interest Rate Swaps&#x201d;). As of July&#160;31, 2024, the Company hedged the future cash flows associated with $400.0 million of the principal amount outstanding of its Vail Holdings Credit Agreement (as defined in Note 6, Long-Term Debt), which were designated as cash flow hedges. These interest rate swaps expired on September 23, 2024.The accounting for changes in fair value of hedging instruments depends on the effectiveness of the hedge. In order to qualify for hedge accounting, the underlying hedged item must expose the Company to risks associated with market fluctuations and the financial instrument used must reduce the Company&#x2019;s exposure to market fluctuation throughout the hedge period. Changes in estimated fair value of the Interest Rate Swaps are recorded within change in estimated fair value of hedging instruments, net of tax, on the &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Company&#x2019;s Consolidated Statements of Comprehensive Income, and such change was recorded as a (loss) gain of $(11.1)&#160;million, $3.7&#160;million and $18.9&#160;million during the years ended July&#160;31, 2024, 2023 and 2022, respectively. Amounts are reclassified into interest expense, net from other comprehensive income during the period in which the hedged item affects earnings. During the years ended July&#160;31, 2024, 2023 and 2022, gains (losses) of $16.1&#160;million, $11.0&#160;million and $(4.3)&#160;million, respectively, were reclassified into interest expense, net from other comprehensive income. See Note 9, Fair Value Measurements, for more information.&lt;/span&gt;&lt;/div&gt;</us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock>
    <mtn:InterestRateSwapNotionalAmount contextRef="c-1" decimals="-6" id="f-533" unitRef="usd">400000000.0</mtn:InterestRateSwapNotionalAmount>
    <us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 contextRef="c-1" decimals="-5" id="f-534" unitRef="usd">-11100000</us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1>
    <us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 contextRef="c-6" decimals="-5" id="f-535" unitRef="usd">3700000</us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1>
    <us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 contextRef="c-7" decimals="-5" id="f-536" unitRef="usd">18900000</us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1>
    <us-gaap:InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet contextRef="c-1" decimals="-5" id="f-537" unitRef="usd">16100000</us-gaap:InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet>
    <us-gaap:InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet contextRef="c-6" decimals="-5" id="f-538" unitRef="usd">11000000</us-gaap:InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet>
    <us-gaap:InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet contextRef="c-7" decimals="-5" id="f-539" unitRef="usd">-4300000</us-gaap:InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet>
    <us-gaap:LesseeLeasesPolicyTextBlock contextRef="c-1" id="f-540">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Leases &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there is one or more assets identified and the right to control the use of any identified asset is conveyed to the Company for a period of time in exchange for consideration. Control over the use of an identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. Generally, the Company classifies a lease as a finance lease if the terms of the agreement effectively transfer control of the underlying asset; otherwise, it is classified as an operating lease.&#160;For contracts that contain lease and non-lease components, the Company accounts for these components separately. For leases with terms greater than twelve months, the associated lease right-of-use (&#x201c;ROU&#x201d;) assets and lease liabilities are recognized at the estimated present value of future lease payments over the lease term at commencement date. The Company&#x2019;s leases do not provide a readily determinable implicit rate; therefore, the Company uses an estimated incremental borrowing rate to discount the future minimum lease payments. For leases containing fixed rental escalation clauses, the escalators are factored into the determination of future minimum lease payments. The Company includes options to extend a lease when it is reasonably certain that such options will be exercised. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. See&#160;Note 4, Leases, for more information.&lt;/span&gt;&lt;/div&gt;</us-gaap:LesseeLeasesPolicyTextBlock>
    <us-gaap:UseOfEstimates contextRef="c-1" id="f-541">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Use of Estimates &#x2014;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#x201c;GAAP&#x201d;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.&lt;/span&gt;&lt;/div&gt;</us-gaap:UseOfEstimates>
    <us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock contextRef="c-1" id="f-542">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"&gt;Recently Issued Accounting Standards&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Standards Being Evaluated&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In November 2023, the Financial Accounting Standards Board (the &#x201c;FASB&#x201d;) issued Accounting Standards Update (&#x201c;ASU&#x201d;) 2023-07, &#x201c;Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,&#x201d; which is intended to improve reportable segment disclosures, primarily through incorporating enhanced segment disclosure requirements set forth by the Securities and Exchange Commission into U.S. GAAP. The enhanced disclosures will primarily require public entities to include specific disclosures regarding &#x201c;significant expenses&#x201d; that are regularly provided to or easily computed from information provided to the chief operating decision maker (&#x201c;CODM&#x201d;) and included within segment profit and loss. This ASU also requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 (the Company&#x2019;s fiscal year ending July 31, 2025), and interim periods within fiscal years beginning after December 15, 2024 (the Company&#x2019;s fiscal quarter ending October 31, 2025), with early adoption permitted. The Company will adopt the standard during the fourth quarter of its fiscal year ending July 31, 2025 and is in the process of evaluating the effect that the adoption of this standard will have on its Consolidated Financial Statements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In December 2023, the FASB issued ASU 2023-09, &#x201c;Income Taxes (Topic 740): Improvements to Income Tax Disclosures,&#x201d; which includes amendments that further enhance the transparency and decision usefulness of income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. This update is effective for annual periods beginning after December 15, 2024 (the Company&#x2019;s fiscal year ending July 31, 2026), though early adoption is permitted. The Company is in the process of evaluating the effect that the adoption of this standard will have on its Consolidated Financial Statements, including determining the timing of adoption.&lt;/span&gt;&lt;/div&gt;</us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock>
    <us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="c-1" id="f-543">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Standards Being Evaluated&lt;/span&gt;&lt;/div&gt;</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
    <us-gaap:RevenueFromContractWithCustomerTextBlock contextRef="c-1" id="f-544">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"&gt;3.&#160;&#160;&#160;&#160;Revenues&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Revenue Recognition&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following provides information about the Company&#x2019;s composition of revenue recognized from contracts with customers and other revenues, the performance obligations under those contracts, and the significant judgments made in accounting for those contracts:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt"&gt;Mountain revenue is derived from a wide variety of sources, including, among other things: lift revenue, which includes sales of lift tickets and pass products; ski school revenue, which includes the revenue derived from ski school operations; dining revenue, which includes both casual and fine dining on-mountain operations; retail sales and equipment rentals; and other on-mountain revenue, which includes private ski club revenue (which includes both club dues and amortization of initiation fees), marketing revenue, municipal services and lodging and transportation operations at the Company&#x2019;s Australian ski areas. The Company also includes other sources of revenue, primarily related to commercial leasing and employee housing leasing arrangements, within other mountain revenue. Revenue is recognized over time as performance obligations are satisfied as control of the good or service (e.g. access to ski areas, provision of ski school services, etc.) is transferred to the customer, except for the Company&#x2019;s retail sales and dining operations revenues which are recognized at a point in time when performance obligations are satisfied by transferring control of the underlying goods to the customer. The Company records deferred revenue primarily related to the sale of pass products. Deferred revenue is generally recognized throughout the ski season as the Company&#x2019;s performance obligations are satisfied as control of the service (e.g. access to ski areas throughout the ski season) is transferred to the customer. 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, which is based on the number of skiable days in the ski season relative to the estimated total skiable days in the ski season, and 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 relative to the remaining services promised under the contract. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:36pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Epic Coverage is included with the purchase of all pass products for no additional charge, and offers refunds if certain personal or resort closure events occur before or during the ski season. The estimated amount of refunds reduce the amount of pass product revenue recognized by the Company, and is remeasured at each reporting date.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:36pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Epic Mountain Rewards provides pass product holders a discount on ancillary purchases at the Company&#x2019;s North American owned and operated Resorts. Epic Mountain Rewards constitutes an option to purchase additional products and services at a discount, and as a result, the Company allocates a portion of the pass product transaction price to these other lines of business which is recorded as revenue as discounts occur.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt"&gt;Lodging revenue is derived from a wide variety of sources, including, among other things: revenue from owned hotel rooms and managed hotel rooms; revenue from hotel dining operations; transportation revenue which relates to the Company&#x2019;s Colorado resort ground transportation operations; and other lodging revenue which includes property management services, managed properties other costs reimbursements, private golf club revenue (which includes both club dues and amortization of initiation fees) and golf course fees. Lodging revenue also includes managed hotel property payroll cost reimbursements related to payroll costs at managed properties where the Company is the employer, which are reimbursed by the owner with no added margin. Therefore, these revenues and corresponding expenses have no net effect on the Company&#x2019;s operating income or net income. Other than revenue from dining operations, lodging revenue is mostly recognized over time as performance obligations are satisfied as control of the service (e.g. nightly hotel room access) is transferred to the customer.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt"&gt;Real estate revenue primarily relates to the sale of development land parcels. Real estate revenue is generally recognized at a point in time when performance obligations have been satisfied, which is usually upon closing of the sales transaction and in an amount that reflects the consideration to which the Company expects to be entitled.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;For certain contracts that have an original term length of one year or less, the Company uses the practical expedient applicable to such contracts and does not consider the time value of money. For contracts with an expected term in excess of one year, the Company has considered whether such contracts may contain a financing component. Taxes collected from customers and remitted to governmental authorities are generally excluded from revenue on the accompanying Consolidated Statements of Operations.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Disaggregation of Revenues&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents net revenues disaggregated by segment and major revenue type for the years ended July&#160;31, 2024, 2023 and 2022 (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:8pt;margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:57.490%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.534%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:11.969%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.534%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:11.969%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.534%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:11.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain net revenue:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lift&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,442,784&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,420,900&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,310,213&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Ski School&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;304,548&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;287,275&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;223,645&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Dining&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;227,572&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;224,642&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;163,705&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Retail/Rental&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;317,196&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;361,484&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;311,768&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;252,270&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;246,605&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;203,783&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Mountain net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,544,370&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,540,906&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,213,114&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging net revenue:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Owned hotel rooms&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;83,977&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;80,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;80,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Managed condominium rooms&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;86,199&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;96,785&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97,704&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Dining &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;63,255&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62,445&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;48,569&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Transportation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,309&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,242&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,021&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Golf&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,722&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,737&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,975&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;56,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;55,816&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;46,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;319,830&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;323,142&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;300,348&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Payroll cost reimbursements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,287&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,251&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,742&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Lodging net revenue &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;336,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;340,393&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;312,090&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Resort net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,880,487&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,881,299&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,525,204&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Real Estate net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,704&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,065&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;708&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,885,191&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,889,364&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,525,912&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Arrangements with Multiple Performance Obligations&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Several of the Company&#x2019;s contracts with customers include multiple performance obligations, primarily related to bundled services such as ski school packages, lodging packages and events (e.g. weddings and conferences). For such contracts, revenue is allocated to each distinct and separate performance obligation based on its relative standalone selling price. The standalone selling prices are generally based on observable prices charged to customers or estimated based on historical experience and information.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Contract Balances&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Contract liabilities are recorded primarily as deferred revenues when payments are received or due in advance of the Company&#x2019;s performance, including amounts which may be refundable. The deferred revenue balance is primarily related to accounts receivable or cash payments recorded in advance of satisfying the Company&#x2019;s performance obligations related to sales of pass products prior to the start of the ski season, private club initiation fees and other related advance purchase products, including advance purchase lift tickets, multiple-day lift tickets, ski school lessons, equipment rentals and lodging advance deposits. Due to the seasonality of the Company&#x2019;s operations, its largest deferred revenue balances occur during the North American pass product selling window, which generally begins in the third quarter of its fiscal year. Deferred revenue balances of a short-term nature were $575.8 million and $572.6 million as of July&#160;31, 2024 and 2023, respectively. For the year ended July&#160;31, 2024, the Company recognized approximately $547.0&#160;million of net revenue that was included in the deferred revenue balance as of July&#160;31, 2023. Deferred revenue balances of a long-term nature, comprised primarily of long-term private club initiation fee revenue, were $104.9&#160;million and $109.7 million as of July&#160;31, 2024 and 2023, respectively. As of July&#160;31, 2024, the weighted average remaining period over which revenue for unsatisfied performance obligations on long-term private club contracts will be recognized was approximately 15 years. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Contract assets are recorded as trade receivables when the right to consideration is unconditional. Payments from customers are based on billing terms established in the contracts with customers, which vary by the type of customer, the location and the products or services offered. The term between invoicing and when payment is due is not significant. For certain products or &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;services and customer types, contracts require payment before the products are delivered or services are provided to the customer. Impairment losses related to contract assets are recognized through the Company&#x2019;s allowance for doubtful accounts analysis. Contract asset write-offs are evaluated on an individual basis.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Costs to Obtain Contracts with Customers&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company expects that credit card fees and sales commissions paid in order to obtain season ski pass products contracts are recoverable. Accordingly, the Company records these amounts as assets when they are paid prior to the start of the ski season. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;As of July&#160;31, 2024, $5.2 million of costs to obtain contracts with customers were recorded within other current assets on the Company&#x2019;s Consolidated Balance Sheet. Deferred credit card fees and sales commissions are amortized commensurate with the recognition of pass product revenue. The Company recorded amortization of $28.6 million, $25.2 million and $22.1 million for these costs during the years ended July&#160;31, 2024, 2023 and 2022, respectively, which were recorded within Mountain and Lodging operating expense on the accompanying Consolidated Statement of Operations.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company has elected to expense credit card fees and sales commissions related to non-pass products and services as incurred, as the amortization period is generally one year or less for the time between customer purchase and utilization. These fees are recorded within Mountain and Lodging operating expense on the Company&#x2019;s Consolidated Statements of Operations.&lt;/span&gt;&lt;/div&gt;</us-gaap:RevenueFromContractWithCustomerTextBlock>
    <us-gaap:RevenueRecognitionPolicyTextBlock contextRef="c-1" id="f-545">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Revenue Recognition&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following provides information about the Company&#x2019;s composition of revenue recognized from contracts with customers and other revenues, the performance obligations under those contracts, and the significant judgments made in accounting for those contracts:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt"&gt;Mountain revenue is derived from a wide variety of sources, including, among other things: lift revenue, which includes sales of lift tickets and pass products; ski school revenue, which includes the revenue derived from ski school operations; dining revenue, which includes both casual and fine dining on-mountain operations; retail sales and equipment rentals; and other on-mountain revenue, which includes private ski club revenue (which includes both club dues and amortization of initiation fees), marketing revenue, municipal services and lodging and transportation operations at the Company&#x2019;s Australian ski areas. The Company also includes other sources of revenue, primarily related to commercial leasing and employee housing leasing arrangements, within other mountain revenue. Revenue is recognized over time as performance obligations are satisfied as control of the good or service (e.g. access to ski areas, provision of ski school services, etc.) is transferred to the customer, except for the Company&#x2019;s retail sales and dining operations revenues which are recognized at a point in time when performance obligations are satisfied by transferring control of the underlying goods to the customer. The Company records deferred revenue primarily related to the sale of pass products. Deferred revenue is generally recognized throughout the ski season as the Company&#x2019;s performance obligations are satisfied as control of the service (e.g. access to ski areas throughout the ski season) is transferred to the customer. 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, which is based on the number of skiable days in the ski season relative to the estimated total skiable days in the ski season, and 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 relative to the remaining services promised under the contract. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:36pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Epic Coverage is included with the purchase of all pass products for no additional charge, and offers refunds if certain personal or resort closure events occur before or during the ski season. The estimated amount of refunds reduce the amount of pass product revenue recognized by the Company, and is remeasured at each reporting date.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:36pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Epic Mountain Rewards provides pass product holders a discount on ancillary purchases at the Company&#x2019;s North American owned and operated Resorts. Epic Mountain Rewards constitutes an option to purchase additional products and services at a discount, and as a result, the Company allocates a portion of the pass product transaction price to these other lines of business which is recorded as revenue as discounts occur.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt"&gt;Lodging revenue is derived from a wide variety of sources, including, among other things: revenue from owned hotel rooms and managed hotel rooms; revenue from hotel dining operations; transportation revenue which relates to the Company&#x2019;s Colorado resort ground transportation operations; and other lodging revenue which includes property management services, managed properties other costs reimbursements, private golf club revenue (which includes both club dues and amortization of initiation fees) and golf course fees. Lodging revenue also includes managed hotel property payroll cost reimbursements related to payroll costs at managed properties where the Company is the employer, which are reimbursed by the owner with no added margin. Therefore, these revenues and corresponding expenses have no net effect on the Company&#x2019;s operating income or net income. Other than revenue from dining operations, lodging revenue is mostly recognized over time as performance obligations are satisfied as control of the service (e.g. nightly hotel room access) is transferred to the customer.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt"&gt;Real estate revenue primarily relates to the sale of development land parcels. Real estate revenue is generally recognized at a point in time when performance obligations have been satisfied, which is usually upon closing of the sales transaction and in an amount that reflects the consideration to which the Company expects to be entitled.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;For certain contracts that have an original term length of one year or less, the Company uses the practical expedient applicable to such contracts and does not consider the time value of money. For contracts with an expected term in excess of one year, the Company has considered whether such contracts may contain a financing component. Taxes collected from customers and remitted to governmental authorities are generally excluded from revenue on the accompanying Consolidated Statements of Operations.&lt;/span&gt;&lt;/div&gt;</us-gaap:RevenueRecognitionPolicyTextBlock>
    <us-gaap:DisaggregationOfRevenueTableTextBlock contextRef="c-1" id="f-546">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Disaggregation of Revenues&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents net revenues disaggregated by segment and major revenue type for the years ended July&#160;31, 2024, 2023 and 2022 (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:8pt;margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:57.490%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.534%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:11.969%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.534%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:11.969%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.534%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:11.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain net revenue:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lift&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,442,784&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,420,900&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,310,213&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Ski School&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;304,548&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;287,275&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;223,645&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Dining&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;227,572&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;224,642&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;163,705&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Retail/Rental&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;317,196&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;361,484&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;311,768&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;252,270&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;246,605&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;203,783&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Mountain net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,544,370&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,540,906&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,213,114&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging net revenue:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Owned hotel rooms&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;83,977&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;80,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;80,579&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Managed condominium rooms&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;86,199&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;96,785&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97,704&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Dining &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;63,255&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62,445&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;48,569&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Transportation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,309&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,242&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,021&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Golf&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,722&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,737&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,975&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;56,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;55,816&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;46,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;319,830&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;323,142&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;300,348&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Payroll cost reimbursements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,287&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,251&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,742&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Lodging net revenue &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;336,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;340,393&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;312,090&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Resort net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,880,487&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,881,299&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,525,204&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Real Estate net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,704&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,065&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;708&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,885,191&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,889,364&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,525,912&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DisaggregationOfRevenueTableTextBlock>
    <mtn:MountainRevenueNet contextRef="c-83" decimals="-3" id="f-547" unitRef="usd">1442784000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-84" decimals="-3" id="f-548" unitRef="usd">1420900000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-85" decimals="-3" id="f-549" unitRef="usd">1310213000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-86" decimals="-3" id="f-550" unitRef="usd">304548000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-87" decimals="-3" id="f-551" unitRef="usd">287275000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-88" decimals="-3" id="f-552" unitRef="usd">223645000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-89" decimals="-3" id="f-553" unitRef="usd">227572000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-90" decimals="-3" id="f-554" unitRef="usd">224642000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-91" decimals="-3" id="f-555" unitRef="usd">163705000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-92" decimals="-3" id="f-556" unitRef="usd">317196000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-93" decimals="-3" id="f-557" unitRef="usd">361484000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-94" decimals="-3" id="f-558" unitRef="usd">311768000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-95" decimals="-3" id="f-559" unitRef="usd">252270000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-96" decimals="-3" id="f-560" unitRef="usd">246605000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-97" decimals="-3" id="f-561" unitRef="usd">203783000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-1" decimals="-3" id="f-562" unitRef="usd">2544370000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-6" decimals="-3" id="f-563" unitRef="usd">2540906000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-7" decimals="-3" id="f-564" unitRef="usd">2213114000</mtn:MountainRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-98" decimals="-3" id="f-565" unitRef="usd">83977000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-99" decimals="-3" id="f-566" unitRef="usd">80117000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-100" decimals="-3" id="f-567" unitRef="usd">80579000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-101" decimals="-3" id="f-568" unitRef="usd">86199000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-102" decimals="-3" id="f-569" unitRef="usd">96785000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-103" decimals="-3" id="f-570" unitRef="usd">97704000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-104" decimals="-3" id="f-571" unitRef="usd">63255000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-105" decimals="-3" id="f-572" unitRef="usd">62445000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-106" decimals="-3" id="f-573" unitRef="usd">48569000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-107" decimals="-3" id="f-574" unitRef="usd">16309000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-108" decimals="-3" id="f-575" unitRef="usd">15242000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-109" decimals="-3" id="f-576" unitRef="usd">16021000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-110" decimals="-3" id="f-577" unitRef="usd">13722000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-111" decimals="-3" id="f-578" unitRef="usd">12737000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-112" decimals="-3" id="f-579" unitRef="usd">10975000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-113" decimals="-3" id="f-580" unitRef="usd">56368000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-114" decimals="-3" id="f-581" unitRef="usd">55816000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-115" decimals="-3" id="f-582" unitRef="usd">46500000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-116" decimals="-3" id="f-583" unitRef="usd">319830000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-117" decimals="-3" id="f-584" unitRef="usd">323142000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-118" decimals="-3" id="f-585" unitRef="usd">300348000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-119" decimals="-3" id="f-586" unitRef="usd">16287000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-120" decimals="-3" id="f-587" unitRef="usd">17251000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-121" decimals="-3" id="f-588" unitRef="usd">11742000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-1" decimals="-3" id="f-589" unitRef="usd">336117000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-6" decimals="-3" id="f-590" unitRef="usd">340393000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-7" decimals="-3" id="f-591" unitRef="usd">312090000</mtn:LodgingRevenueNet>
    <mtn:ResortRevenueNet contextRef="c-1" decimals="-3" id="f-592" unitRef="usd">2880487000</mtn:ResortRevenueNet>
    <mtn:ResortRevenueNet contextRef="c-6" decimals="-3" id="f-593" unitRef="usd">2881299000</mtn:ResortRevenueNet>
    <mtn:ResortRevenueNet contextRef="c-7" decimals="-3" id="f-594" unitRef="usd">2525204000</mtn:ResortRevenueNet>
    <mtn:RealEstateRevenue contextRef="c-1" decimals="-3" id="f-595" unitRef="usd">4704000</mtn:RealEstateRevenue>
    <mtn:RealEstateRevenue contextRef="c-6" decimals="-3" id="f-596" unitRef="usd">8065000</mtn:RealEstateRevenue>
    <mtn:RealEstateRevenue contextRef="c-7" decimals="-3" id="f-597" unitRef="usd">708000</mtn:RealEstateRevenue>
    <us-gaap:Revenues contextRef="c-1" decimals="-3" id="f-598" unitRef="usd">2885191000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-6" decimals="-3" id="f-599" unitRef="usd">2889364000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-7" decimals="-3" id="f-600" unitRef="usd">2525912000</us-gaap:Revenues>
    <us-gaap:ContractWithCustomerLiabilityCurrent contextRef="c-4" decimals="-5" id="f-601" unitRef="usd">575800000</us-gaap:ContractWithCustomerLiabilityCurrent>
    <us-gaap:ContractWithCustomerLiabilityCurrent contextRef="c-5" decimals="-5" id="f-602" unitRef="usd">572600000</us-gaap:ContractWithCustomerLiabilityCurrent>
    <us-gaap:ContractWithCustomerLiabilityRevenueRecognized contextRef="c-1" decimals="-5" id="f-603" unitRef="usd">547000000</us-gaap:ContractWithCustomerLiabilityRevenueRecognized>
    <us-gaap:ContractWithCustomerLiabilityNoncurrent contextRef="c-4" decimals="-5" id="f-604" unitRef="usd">104900000</us-gaap:ContractWithCustomerLiabilityNoncurrent>
    <us-gaap:ContractWithCustomerLiabilityNoncurrent contextRef="c-5" decimals="-5" id="f-605" unitRef="usd">109700000</us-gaap:ContractWithCustomerLiabilityNoncurrent>
    <mtn:PrivateClubRecognizedInitiationFeesAverageRemainingPeriod contextRef="c-1" decimals="INF" id="f-606" unitRef="number">15</mtn:PrivateClubRecognizedInitiationFeesAverageRemainingPeriod>
    <us-gaap:CapitalizedContractCostNet contextRef="c-4" decimals="-5" id="f-607" unitRef="usd">5200000</us-gaap:CapitalizedContractCostNet>
    <us-gaap:CapitalizedContractCostAmortization contextRef="c-1" decimals="-5" id="f-608" unitRef="usd">28600000</us-gaap:CapitalizedContractCostAmortization>
    <us-gaap:CapitalizedContractCostAmortization contextRef="c-6" decimals="-5" id="f-609" unitRef="usd">25200000</us-gaap:CapitalizedContractCostAmortization>
    <us-gaap:CapitalizedContractCostAmortization contextRef="c-7" decimals="-5" id="f-610" unitRef="usd">22100000</us-gaap:CapitalizedContractCostAmortization>
    <us-gaap:LesseeOperatingLeasesTextBlock contextRef="c-1" id="f-611">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"&gt;4.&#160;&#160;&#160;&#160;Leases&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company&#x2019;s operating leases consist primarily of resort land and land improvements, commercial and retail space, office space, employee residential units, vehicles and other equipment. The Company determines if an arrangement is or contains a lease at contract inception or modification. The Company&#x2019;s lease contracts generally range from&#160;1 year&#160;to&#160;approximately 70&#160;years, with some lease contracts containing one or more lease extension options, exercisable at the Company&#x2019;s discretion. The Company generally does not include these lease extension options in the initial lease term as it is not reasonably certain that it will exercise such options at contract inception. In addition, certain lease arrangements contain fixed and variable lease payments. The variable lease payments are primarily contingent rental payments based on: (i) a percentage of revenue related to the leased property; (ii) payments based on a percentage of sales over contractual levels; or (iii) lease payments adjusted for changes in an index or market value. These variable lease payments are typically recognized when the underlying event occurs and are included in operating expenses on the Company&#x2019;s Consolidated Statements of Operations in the same line item as the expense arising from the respective fixed lease payments. The Company&#x2019;s lease agreements may also include non-lease components, such as common area maintenance and insurance, which are accounted for separately. Future lease payments that are contingent or represent non-lease components are not included in the measurement of the operating lease liability. The Company&#x2019;s lease agreements do not contain any material residual value guarantees or restrictive covenants. Lease expense related to lease payments is recognized on a straight-line basis over the term of the lease.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company&#x2019;s leases do not provide a readily determinable implicit rate. As a result, the Company measures the lease liability using an estimated incremental borrowing rate which is intended to reflect the rate of interest the Company would pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. The Company applies the estimated incremental borrowing rates at a portfolio level based on the economic environment associated with the lease.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company uses the long-lived assets impairment guidance to determine recognition and measurement of an ROU asset impairment, if any. The Company monitors for events or changes in circumstances that require a reassessment.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The components of lease expense for the years ended July&#160;31, 2024, &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;2023 and 2022&lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; were as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:44.806%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.443%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.443%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.448%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Finance leases:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortization of the finance ROU assets&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,811&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,701&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,011&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest on lease liabilities &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41,258&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,098&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35,881&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Operating leases:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease expense&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;46,613&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,385&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,295&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Short-term lease expense &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22,434&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22,759&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,614&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Variable lease expense &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,694&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,204&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,309&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:3pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; Short-term lease expense is attributable to leases with terms of 12 months or less and no ROU assets or lease liabilities are included within the Company&#x2019;s Consolidated Balance Sheets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the supplemental cash flow information associated with the Company&#x2019;s leasing activities for the years ended &lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;July&#160;31, 2024, &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;2023 and 2022 (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:45.976%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.859%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.859%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.446%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Cash flow supplemental information:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating cash outflows for operating and short-term leases &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,724&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;65,216&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;59,818&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating cash outflows for lease- and non-lease components of finance leases&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;54,469&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;54,788&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,573&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Non-cash supplemental information:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating ROU assets obtained in exchange for operating lease obligations &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;106,501&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30,342&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,190&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Finance ROU assets obtained in exchange for finance lease obligations&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,093&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,114&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Weighted-average remaining lease terms and discount rates as of &lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;July&#160;31, 2024 and &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;2023 are as follows:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:63.081%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.443%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.446%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Weighted-average remaining lease term (in years)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating leases&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11.0&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9.2&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Finance leases &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;36.0&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37.6&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Weighted-average discount rate &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating leases&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Finance leases &lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9.9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9.9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Future fixed lease payments for operating and finance leases as of &lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;July&#160;31, 2024&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; reflected by fiscal year (August 1 through July 31) are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:63.081%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.443%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.446%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Operating Leases &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Finance Leases &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;50,284&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,253&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2026&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;46,337&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,447&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2027&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41,961&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,647&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;36,095&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,644&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2029&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30,038&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,900&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Thereafter&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;166,347&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,696,212&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total future minimum lease payments &lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;371,062&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,885,103&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less amount representing interest &lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(104,986)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,467,013)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total lease liabilities &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;266,076&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;418,090&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The current portion of operating lease liabilities of approximately $32.6&#160;million and $36.9&#160;million as of July&#160;31, 2024 and 2023, respectively, is recorded within accounts payables and accrued liabilities in the accompanying Consolidated Balance Sheets. Finance lease liabilities are recorded within long-term debt, net in the accompanying Consolidated Balance Sheets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Canyons finance lease obligation was $369.1&#160;million and $363.4 million as of July&#160;31, 2024 and 2023, respectively, which represents the estimated annual fixed lease payments for the remaining period of the initial 50 year term of the lease assuming annual increases at the floor of 2% and discounted using an interest rate of 10%. As of July&#160;31, 2024 and 2023, respectively, the Company has recorded $81.9 million and $90.2&#160;million of net finance lease ROU assets in connection with the Canyons lease, net of $101.7 million and $93.4 million of accumulated amortization, which is included within property, plant and equipment, net in the Company&#x2019;s Consolidated Balance Sheets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Whistler Blackcomb employee housing finance lease obligation was $27.9&#160;million and $29.5 million as of July&#160;31, 2024 and 2023, respectively, which represents the minimum lease payments for the remaining period of the initial 20 year term of the lease, net of amounts representing interest, discounted using an interest rate of 6.95%. As of July&#160;31, 2024 and 2023, respectively, the Company has recorded $25.7&#160;million and $27.5 million of net finance lease ROU assets in connection with these leases, net of $2.5&#160;million and $1.1 million of accumulated amortization, which is included within property, plant and equipment, net in the Company&#x2019;s Consolidated Balance Sheet.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During the year ended July 31, 2024, the Company reassessed its lease agreements for the operations of Northstar Resort (&#x201c;Northstar&#x201d;), for which the initial lease terms expire in January 2027 and the agreements provide for three 10-year optional lease extensions. Prior to the year ended July 31, 2024, the Company had not determined that it was reasonably certain to exercise any of the optional lease extensions for Northstar and, accordingly, only the initial lease terms were considered in the measurement of the ROU assets and lease liabilities. During the year ended July 31, 2024, due to near-term operating decisions which would be influenced by the decision to extend the lease, the Company reassessed the lease extensions and determined that it was reasonably certain that it will exercise the first of its 10-year optional lease extensions at Northstar, and as a result, the Company recorded incremental operating ROU assets and operating lease liabilities of $75.7&#160;million each. Additionally, the Company recorded finance lease ROU assets of $13.1&#160;million and finance lease obligations of $12.8&#160;million as of July&#160;31, 2024, which represent the minimum lease payments for the remaining 13 year reassessed term of the lease, net of amounts representing interest, related to assets for which the Company determined that the remaining reassessed lease term represented a major part of the remaining economic life of such assets. As of the remeasurement date for the Northstar leases, the ROU assets and liabilities were discounted using an interest rate of 6.6%.&lt;/span&gt;&lt;/div&gt;</us-gaap:LesseeOperatingLeasesTextBlock>
    <mtn:LesseeOperatingAndFinanceLeaseTerm contextRef="c-122" id="f-612">P1Y</mtn:LesseeOperatingAndFinanceLeaseTerm>
    <mtn:LesseeOperatingAndFinanceLeaseTerm contextRef="c-123" id="f-613">P70Y</mtn:LesseeOperatingAndFinanceLeaseTerm>
    <us-gaap:LeaseCostTableTextBlock contextRef="c-1" id="f-614">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The components of lease expense for the years ended July&#160;31, 2024, &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;2023 and 2022&lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; were as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:44.806%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.443%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.443%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.448%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Finance leases:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortization of the finance ROU assets&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,811&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,701&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,011&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest on lease liabilities &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41,258&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,098&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35,881&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Operating leases:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease expense&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;46,613&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,385&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,295&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Short-term lease expense &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22,434&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22,759&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,614&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Variable lease expense &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,694&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,204&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,309&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:LeaseCostTableTextBlock>
    <us-gaap:FinanceLeaseRightOfUseAssetAmortization contextRef="c-1" decimals="-3" id="f-615" unitRef="usd">11811000</us-gaap:FinanceLeaseRightOfUseAssetAmortization>
    <us-gaap:FinanceLeaseRightOfUseAssetAmortization contextRef="c-6" decimals="-3" id="f-616" unitRef="usd">11701000</us-gaap:FinanceLeaseRightOfUseAssetAmortization>
    <us-gaap:FinanceLeaseRightOfUseAssetAmortization contextRef="c-7" decimals="-3" id="f-617" unitRef="usd">9011000</us-gaap:FinanceLeaseRightOfUseAssetAmortization>
    <us-gaap:FinanceLeaseInterestExpense contextRef="c-1" decimals="-3" id="f-618" unitRef="usd">41258000</us-gaap:FinanceLeaseInterestExpense>
    <us-gaap:FinanceLeaseInterestExpense contextRef="c-6" decimals="-3" id="f-619" unitRef="usd">40098000</us-gaap:FinanceLeaseInterestExpense>
    <us-gaap:FinanceLeaseInterestExpense contextRef="c-7" decimals="-3" id="f-620" unitRef="usd">35881000</us-gaap:FinanceLeaseInterestExpense>
    <us-gaap:OperatingLeaseCost contextRef="c-1" decimals="-3" id="f-621" unitRef="usd">46613000</us-gaap:OperatingLeaseCost>
    <us-gaap:OperatingLeaseCost contextRef="c-6" decimals="-3" id="f-622" unitRef="usd">45385000</us-gaap:OperatingLeaseCost>
    <us-gaap:OperatingLeaseCost contextRef="c-7" decimals="-3" id="f-623" unitRef="usd">43295000</us-gaap:OperatingLeaseCost>
    <us-gaap:ShortTermLeaseCost contextRef="c-1" decimals="-3" id="f-624" unitRef="usd">22434000</us-gaap:ShortTermLeaseCost>
    <us-gaap:ShortTermLeaseCost contextRef="c-6" decimals="-3" id="f-625" unitRef="usd">22759000</us-gaap:ShortTermLeaseCost>
    <us-gaap:ShortTermLeaseCost contextRef="c-7" decimals="-3" id="f-626" unitRef="usd">15614000</us-gaap:ShortTermLeaseCost>
    <us-gaap:VariableLeaseCost contextRef="c-1" decimals="-3" id="f-627" unitRef="usd">2694000</us-gaap:VariableLeaseCost>
    <us-gaap:VariableLeaseCost contextRef="c-6" decimals="-3" id="f-628" unitRef="usd">3204000</us-gaap:VariableLeaseCost>
    <us-gaap:VariableLeaseCost contextRef="c-7" decimals="-3" id="f-629" unitRef="usd">2309000</us-gaap:VariableLeaseCost>
    <us-gaap:CashFlowSupplementalDisclosuresTextBlock contextRef="c-1" id="f-630">&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents the supplemental cash flow information associated with the Company&#x2019;s leasing activities for the years ended &lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;July&#160;31, 2024, &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;2023 and 2022 (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:45.976%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.859%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.859%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.446%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Cash flow supplemental information:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating cash outflows for operating and short-term leases &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,724&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;65,216&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;59,818&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating cash outflows for lease- and non-lease components of finance leases&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;54,469&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;54,788&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,573&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Non-cash supplemental information:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating ROU assets obtained in exchange for operating lease obligations &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;106,501&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30,342&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,190&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Finance ROU assets obtained in exchange for finance lease obligations&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,093&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,114&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:CashFlowSupplementalDisclosuresTextBlock>
    <us-gaap:OperatingLeasePayments contextRef="c-1" decimals="-3" id="f-631" unitRef="usd">64724000</us-gaap:OperatingLeasePayments>
    <us-gaap:OperatingLeasePayments contextRef="c-6" decimals="-3" id="f-632" unitRef="usd">65216000</us-gaap:OperatingLeasePayments>
    <us-gaap:OperatingLeasePayments contextRef="c-7" decimals="-3" id="f-633" unitRef="usd">59818000</us-gaap:OperatingLeasePayments>
    <mtn:OperatingCashOutflowsforFinanceLeases contextRef="c-1" decimals="-3" id="f-634" unitRef="usd">54469000</mtn:OperatingCashOutflowsforFinanceLeases>
    <mtn:OperatingCashOutflowsforFinanceLeases contextRef="c-6" decimals="-3" id="f-635" unitRef="usd">54788000</mtn:OperatingCashOutflowsforFinanceLeases>
    <mtn:OperatingCashOutflowsforFinanceLeases contextRef="c-7" decimals="-3" id="f-636" unitRef="usd">37573000</mtn:OperatingCashOutflowsforFinanceLeases>
    <us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability contextRef="c-1" decimals="-3" id="f-637" unitRef="usd">106501000</us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability>
    <us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability contextRef="c-6" decimals="-3" id="f-638" unitRef="usd">30342000</us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability>
    <us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability contextRef="c-7" decimals="-3" id="f-639" unitRef="usd">23190000</us-gaap:RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability>
    <us-gaap:RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability contextRef="c-1" decimals="-3" id="f-640" unitRef="usd">14093000</us-gaap:RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability>
    <us-gaap:RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability contextRef="c-6" decimals="-3" id="f-641" unitRef="usd">39114000</us-gaap:RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability>
    <us-gaap:RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability contextRef="c-7" decimals="-3" id="f-642" unitRef="usd">0</us-gaap:RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability>
    <mtn:WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock contextRef="c-1" id="f-643">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Weighted-average remaining lease terms and discount rates as of &lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;July&#160;31, 2024 and &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;2023 are as follows:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:63.081%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.443%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.446%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Weighted-average remaining lease term (in years)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating leases&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11.0&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9.2&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Finance leases &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;36.0&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37.6&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Weighted-average discount rate &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating leases&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Finance leases &lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9.9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9.9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mtn:WeightedAverageRemainingLeaseTermsandDiscountRatesTableTextBlock>
    <us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1 contextRef="c-4" id="f-644">P11Y</us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1>
    <us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1 contextRef="c-5" id="f-645">P9Y2M12D</us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1>
    <us-gaap:FinanceLeaseWeightedAverageRemainingLeaseTerm1 contextRef="c-4" id="f-646">P36Y</us-gaap:FinanceLeaseWeightedAverageRemainingLeaseTerm1>
    <us-gaap:FinanceLeaseWeightedAverageRemainingLeaseTerm1 contextRef="c-5" id="f-647">P37Y7M6D</us-gaap:FinanceLeaseWeightedAverageRemainingLeaseTerm1>
    <us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent contextRef="c-4" decimals="INF" id="f-648" unitRef="number">0.058</us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent>
    <us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent contextRef="c-5" decimals="INF" id="f-649" unitRef="number">0.049</us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent>
    <us-gaap:FinanceLeaseWeightedAverageDiscountRatePercent contextRef="c-4" decimals="INF" id="f-650" unitRef="number">0.099</us-gaap:FinanceLeaseWeightedAverageDiscountRatePercent>
    <us-gaap:FinanceLeaseWeightedAverageDiscountRatePercent contextRef="c-5" decimals="INF" id="f-651" unitRef="number">0.099</us-gaap:FinanceLeaseWeightedAverageDiscountRatePercent>
    <mtn:ScheduleofFutureMinimumLeasePaymentsTableTextBlock contextRef="c-1" id="f-652">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Future fixed lease payments for operating and finance leases as of &lt;/span&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;July&#160;31, 2024&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; reflected by fiscal year (August 1 through July 31) are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:63.081%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.443%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:0.530%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.446%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Operating Leases &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Finance Leases &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;50,284&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,253&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2026&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;46,337&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,447&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2027&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41,961&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,647&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;36,095&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,644&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2029&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30,038&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,900&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Thereafter&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;166,347&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,696,212&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total future minimum lease payments &lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;371,062&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,885,103&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less amount representing interest &lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(104,986)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,467,013)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total lease liabilities &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;266,076&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;418,090&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The current portion of operating lease liabilities of approximately $32.6&#160;million and $36.9&#160;million as of July&#160;31, 2024 and 2023, respectively, is recorded within accounts payables and accrued liabilities in the accompanying Consolidated Balance Sheets. Finance lease liabilities are recorded within long-term debt, net in the accompanying Consolidated Balance Sheets.&lt;/span&gt;&lt;/div&gt;</mtn:ScheduleofFutureMinimumLeasePaymentsTableTextBlock>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths contextRef="c-4" decimals="-3" id="f-653" unitRef="usd">50284000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths>
    <us-gaap:FinanceLeaseLiabilityPaymentsDueNextTwelveMonths contextRef="c-4" decimals="-3" id="f-654" unitRef="usd">37253000</us-gaap:FinanceLeaseLiabilityPaymentsDueNextTwelveMonths>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo contextRef="c-4" decimals="-3" id="f-655" unitRef="usd">46337000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo>
    <us-gaap:FinanceLeaseLiabilityPaymentsDueYearTwo contextRef="c-4" decimals="-3" id="f-656" unitRef="usd">37447000</us-gaap:FinanceLeaseLiabilityPaymentsDueYearTwo>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree contextRef="c-4" decimals="-3" id="f-657" unitRef="usd">41961000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree>
    <us-gaap:FinanceLeaseLiabilityPaymentsDueYearThree contextRef="c-4" decimals="-3" id="f-658" unitRef="usd">37647000</us-gaap:FinanceLeaseLiabilityPaymentsDueYearThree>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFour contextRef="c-4" decimals="-3" id="f-659" unitRef="usd">36095000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFour>
    <us-gaap:FinanceLeaseLiabilityPaymentsDueYearFour contextRef="c-4" decimals="-3" id="f-660" unitRef="usd">37644000</us-gaap:FinanceLeaseLiabilityPaymentsDueYearFour>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFive contextRef="c-4" decimals="-3" id="f-661" unitRef="usd">30038000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFive>
    <us-gaap:FinanceLeaseLiabilityPaymentsDueYearFive contextRef="c-4" decimals="-3" id="f-662" unitRef="usd">38900000</us-gaap:FinanceLeaseLiabilityPaymentsDueYearFive>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive contextRef="c-4" decimals="-3" id="f-663" unitRef="usd">166347000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive>
    <us-gaap:FinanceLeaseLiabilityPaymentsDueAfterYearFive contextRef="c-4" decimals="-3" id="f-664" unitRef="usd">1696212000</us-gaap:FinanceLeaseLiabilityPaymentsDueAfterYearFive>
    <us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue contextRef="c-4" decimals="-3" id="f-665" unitRef="usd">371062000</us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue>
    <us-gaap:FinanceLeaseLiabilityPaymentsDue contextRef="c-4" decimals="-3" id="f-666" unitRef="usd">1885103000</us-gaap:FinanceLeaseLiabilityPaymentsDue>
    <us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount contextRef="c-4" decimals="-3" id="f-667" unitRef="usd">104986000</us-gaap:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount>
    <us-gaap:FinanceLeaseLiabilityUndiscountedExcessAmount contextRef="c-4" decimals="-3" id="f-668" unitRef="usd">1467013000</us-gaap:FinanceLeaseLiabilityUndiscountedExcessAmount>
    <us-gaap:OperatingLeaseLiability contextRef="c-4" decimals="-3" id="f-669" unitRef="usd">266076000</us-gaap:OperatingLeaseLiability>
    <us-gaap:FinanceLeaseLiability contextRef="c-4" decimals="-3" id="f-670" unitRef="usd">418090000</us-gaap:FinanceLeaseLiability>
    <mtn:CurrentOperatingLeaseLiability contextRef="c-4" decimals="-5" id="f-671" unitRef="usd">32600000</mtn:CurrentOperatingLeaseLiability>
    <mtn:CurrentOperatingLeaseLiability contextRef="c-5" decimals="-5" id="f-672" unitRef="usd">36900000</mtn:CurrentOperatingLeaseLiability>
    <us-gaap:LongTermDebt contextRef="c-124" decimals="-5" id="f-673" unitRef="usd">369100000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-125" decimals="-5" id="f-674" unitRef="usd">363400000</us-gaap:LongTermDebt>
    <us-gaap:FinanceLeaseRightOfUseAsset contextRef="c-124" decimals="-5" id="f-675" unitRef="usd">81900000</us-gaap:FinanceLeaseRightOfUseAsset>
    <us-gaap:FinanceLeaseRightOfUseAsset contextRef="c-125" decimals="-5" id="f-676" unitRef="usd">90200000</us-gaap:FinanceLeaseRightOfUseAsset>
    <us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization contextRef="c-124" decimals="-5" id="f-677" unitRef="usd">101700000</us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization>
    <us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization contextRef="c-125" decimals="-5" id="f-678" unitRef="usd">93400000</us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization>
    <us-gaap:LongTermDebt contextRef="c-126" decimals="-5" id="f-679" unitRef="usd">27900000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-127" decimals="-5" id="f-680" unitRef="usd">29500000</us-gaap:LongTermDebt>
    <us-gaap:FinanceLeaseRightOfUseAsset contextRef="c-126" decimals="-5" id="f-681" unitRef="usd">25700000</us-gaap:FinanceLeaseRightOfUseAsset>
    <us-gaap:FinanceLeaseRightOfUseAsset contextRef="c-127" decimals="-5" id="f-682" unitRef="usd">27500000</us-gaap:FinanceLeaseRightOfUseAsset>
    <us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization contextRef="c-126" decimals="-5" id="f-683" unitRef="usd">2500000</us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization>
    <us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization contextRef="c-127" decimals="-5" id="f-684" unitRef="usd">1100000</us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization>
    <us-gaap:LongTermDebt contextRef="c-128" decimals="-5" id="f-685" unitRef="usd">75700000</us-gaap:LongTermDebt>
    <us-gaap:FinanceLeaseRightOfUseAsset contextRef="c-129" decimals="-5" id="f-686" unitRef="usd">13100000</us-gaap:FinanceLeaseRightOfUseAsset>
    <us-gaap:LongTermDebt contextRef="c-129" decimals="-5" id="f-687" unitRef="usd">12800000</us-gaap:LongTermDebt>
    <us-gaap:EarningsPerShareTextBlock contextRef="c-1" id="f-688">Net Income per Common Share&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Earnings per Share&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Basic earnings per share (&#x201c;EPS&#x201d;) excludes dilution and is computed by dividing net income attributable to Vail Resorts stockholders by the weighted-average shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, resulting in the issuance of shares of common stock that would then share in the earnings of Vail Resorts.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In connection with the Company&#x2019;s acquisition of Whistler Blackcomb in October 2016, the Company issued consideration in the form of shares of Vail Resorts common stock (the &#x201c;Vail Shares&#x201d;), redeemable preferred shares of the Company&#x2019;s wholly-&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;owned Canadian subsidiary Whistler Blackcomb Holdings Inc. (&#x201c;Exchangeco Shares&#x201d;) or cash (or a combination thereof). Effective September 26, 2022, all Exchangeco Shares had been exchanged for Vail Shares. Both Vail Shares and Exchangeco Shares have a par value of $0.01&#160;per share, and Exchangeco Shares, while they were outstanding, were substantially the economic equivalent of the Vail Shares. The Company&#x2019;s calculation of weighted-average shares outstanding as of July&#160;31, 2023 included the Exchangeco Shares for the period they were outstanding during the fiscal year, but there were no Exchangeco Shares that remained outstanding as of July&#160;31, 2023.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Presented below is basic and diluted EPS for the years ended July&#160;31, 2024, 2023 and 2022 (in thousands, except per share amounts):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:42.346%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.325%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.325%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.325%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.325%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.325%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.329%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="18" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Basic&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Diluted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Basic&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Diluted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Basic&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Diluted&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net income per share:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income attributable to Vail Resorts&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;230,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;230,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;268,148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;268,148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;347,923&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;347,923&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Weighted-average Vail Shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,868&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,868&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,654&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,654&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,433&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,433&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Weighted-average Exchangeco shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Weighted-average shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,868&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,868&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,654&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,654&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Effect of dilutive securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;89&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;106&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;222&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total shares&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,868&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,957&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,654&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,760&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,687&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income per share attributable to Vail Resorts, Inc.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.08&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.07&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.76&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.74&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8.60&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8.55&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;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 that were excluded from the calculation of diluted EPS because the effect of their inclusion would have been anti-dilutive totaled approximately 12,000, 22,000 and 6,000 for the years ended July&#160;31, 2024, 2023 and 2022, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In December 2020, the Company completed an offering of $575.0&#160;million in aggregate principal amount of 0.0% Convertible Notes (as defined in Note 6, Long-Term Debt). The Company is required to settle the principal amount of the 0.0% Convertible Notes in cash and has the option to settle the conversion spread in cash or shares. The Company uses the if-converted method to calculate the impact of convertible instruments on diluted EPS when the instruments may be settled in cash or shares. If the conversion value of the 0.0% Convertible Notes exceeds their conversion price, then the Company will calculate its diluted EPS as if all the notes were converted into common stock at the beginning of the period. However, if reflecting the 0.0% Convertible Notes in diluted EPS in this manner is anti-dilutive, or if the conversion value of the notes does not exceed their conversion price for a reporting period, then the shares underlying the notes will not be reflected in the Company&#x2019;s calculation of diluted EPS. For the years ended July&#160;31, 2024, 2023 and 2022, the price of Vail Shares did not exceed the conversion price and therefore there was no impact to diluted EPS during those periods.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Dividends&lt;/span&gt;&lt;/div&gt;During the years ended July&#160;31, 2024, 2023, and 2022 the Company paid cash dividends of $8.56 per share, $7.94 per share, and $5.58 per share, respectively ($323.7&#160;million, $314.4&#160;million, and $225.8 million respectively, including cash dividends paid to Exchangeco shareholders). On September 25, 2024, the Company&#x2019;s Board of Directors approved a cash dividend of $2.22 per share payable on October 24, 2024 to stockholders of record as of October 8, 2024.</us-gaap:EarningsPerShareTextBlock>
    <us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock contextRef="c-1" id="f-689">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Presented below is basic and diluted EPS for the years ended July&#160;31, 2024, 2023 and 2022 (in thousands, except per share amounts):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:42.346%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.325%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.325%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.325%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.325%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.325%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:8.329%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="18" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Basic&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Diluted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Basic&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Diluted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Basic&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Diluted&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"&gt;Net income per share:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income attributable to Vail Resorts&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;230,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;230,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;268,148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;268,148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;347,923&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;347,923&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Weighted-average Vail Shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,868&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,868&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,654&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,654&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,433&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,433&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Weighted-average Exchangeco shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Weighted-average shares outstanding&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,868&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,868&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,654&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,654&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Effect of dilutive securities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;89&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;106&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;222&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total shares&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,868&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,957&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,654&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;39,760&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,465&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,687&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income per share attributable to Vail Resorts, Inc.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.08&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.07&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.76&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.74&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8.60&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8.55&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock>
    <us-gaap:NetIncomeLoss contextRef="c-1" decimals="-3" id="f-690" unitRef="usd">230405000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-1" decimals="-3" id="f-691" unitRef="usd">230405000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-6" decimals="-3" id="f-692" unitRef="usd">268148000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-6" decimals="-3" id="f-693" unitRef="usd">268148000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-7" decimals="-3" id="f-694" unitRef="usd">347923000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-7" decimals="-3" id="f-695" unitRef="usd">347923000</us-gaap:NetIncomeLoss>
    <mtn:WeightedAverageNumberofSharesOutstandingCommon contextRef="c-1" decimals="-3" id="f-696" unitRef="shares">37868000</mtn:WeightedAverageNumberofSharesOutstandingCommon>
    <mtn:WeightedAverageNumberofSharesOutstandingCommon contextRef="c-1" decimals="-3" id="f-697" unitRef="shares">37868000</mtn:WeightedAverageNumberofSharesOutstandingCommon>
    <mtn:WeightedAverageNumberofSharesOutstandingCommon contextRef="c-6" decimals="-3" id="f-698" unitRef="shares">39654000</mtn:WeightedAverageNumberofSharesOutstandingCommon>
    <mtn:WeightedAverageNumberofSharesOutstandingCommon contextRef="c-6" decimals="-3" id="f-699" unitRef="shares">39654000</mtn:WeightedAverageNumberofSharesOutstandingCommon>
    <mtn:WeightedAverageNumberofSharesOutstandingCommon contextRef="c-7" decimals="-3" id="f-700" unitRef="shares">40433000</mtn:WeightedAverageNumberofSharesOutstandingCommon>
    <mtn:WeightedAverageNumberofSharesOutstandingCommon contextRef="c-7" decimals="-3" id="f-701" unitRef="shares">40433000</mtn:WeightedAverageNumberofSharesOutstandingCommon>
    <mtn:WeightedAverageNumberofSharesOutstandingExchangeable contextRef="c-1" decimals="-3" id="f-702" unitRef="shares">0</mtn:WeightedAverageNumberofSharesOutstandingExchangeable>
    <mtn:WeightedAverageNumberofSharesOutstandingExchangeable contextRef="c-1" decimals="-3" id="f-703" unitRef="shares">0</mtn:WeightedAverageNumberofSharesOutstandingExchangeable>
    <mtn:WeightedAverageNumberofSharesOutstandingExchangeable contextRef="c-6" decimals="-3" id="f-704" unitRef="shares">0</mtn:WeightedAverageNumberofSharesOutstandingExchangeable>
    <mtn:WeightedAverageNumberofSharesOutstandingExchangeable contextRef="c-6" decimals="-3" id="f-705" unitRef="shares">0</mtn:WeightedAverageNumberofSharesOutstandingExchangeable>
    <mtn:WeightedAverageNumberofSharesOutstandingExchangeable contextRef="c-7" decimals="-3" id="f-706" unitRef="shares">32000</mtn:WeightedAverageNumberofSharesOutstandingExchangeable>
    <mtn:WeightedAverageNumberofSharesOutstandingExchangeable contextRef="c-7" decimals="-3" id="f-707" unitRef="shares">32000</mtn:WeightedAverageNumberofSharesOutstandingExchangeable>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="c-1" decimals="-3" id="f-708" unitRef="shares">37868000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="c-1" decimals="-3" id="f-709" unitRef="shares">37868000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="c-6" decimals="-3" id="f-710" unitRef="shares">39654000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="c-6" decimals="-3" id="f-711" unitRef="shares">39654000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="c-7" decimals="-3" id="f-712" unitRef="shares">40465000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="c-7" decimals="-3" id="f-713" unitRef="shares">40465000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment contextRef="c-1" decimals="-3" id="f-714" unitRef="shares">89000</us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment>
    <us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment contextRef="c-6" decimals="-3" id="f-715" unitRef="shares">106000</us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment>
    <us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment contextRef="c-7" decimals="-3" id="f-716" unitRef="shares">222000</us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="c-1" decimals="-3" id="f-717" unitRef="shares">37868000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="c-1" decimals="-3" id="f-718" unitRef="shares">37957000</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="c-6" decimals="-3" id="f-719" unitRef="shares">39654000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="c-6" decimals="-3" id="f-720" unitRef="shares">39760000</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="c-7" decimals="-3" id="f-721" unitRef="shares">40465000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="c-7" decimals="-3" id="f-722" unitRef="shares">40687000</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:EarningsPerShareBasic
      contextRef="c-1"
      decimals="2"
      id="f-723"
      unitRef="usdPerShare">6.08</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareDiluted
      contextRef="c-1"
      decimals="2"
      id="f-724"
      unitRef="usdPerShare">6.07</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareBasic
      contextRef="c-6"
      decimals="2"
      id="f-725"
      unitRef="usdPerShare">6.76</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareDiluted
      contextRef="c-6"
      decimals="2"
      id="f-726"
      unitRef="usdPerShare">6.74</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareBasic
      contextRef="c-7"
      decimals="2"
      id="f-727"
      unitRef="usdPerShare">8.60</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareDiluted
      contextRef="c-7"
      decimals="2"
      id="f-728"
      unitRef="usdPerShare">8.55</us-gaap:EarningsPerShareDiluted>
    <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="c-1" decimals="0" id="f-729" unitRef="shares">12000</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
    <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="c-6" decimals="0" id="f-730" unitRef="shares">22000</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
    <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="c-7" decimals="0" id="f-731" unitRef="shares">6000</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
    <us-gaap:DebtInstrumentFaceAmount contextRef="c-130" decimals="-6" id="f-732" unitRef="usd">575000000</us-gaap:DebtInstrumentFaceAmount>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-130" decimals="4" id="f-733" unitRef="number">0.000</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-130" decimals="4" id="f-734" unitRef="number">0.000</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-130" decimals="4" id="f-735" unitRef="number">0.000</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-130" decimals="4" id="f-736" unitRef="number">0.000</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:CommonStockDividendsPerShareCashPaid
      contextRef="c-1"
      decimals="2"
      id="f-737"
      unitRef="usdPerShare">8.56</us-gaap:CommonStockDividendsPerShareCashPaid>
    <us-gaap:CommonStockDividendsPerShareCashPaid
      contextRef="c-6"
      decimals="2"
      id="f-738"
      unitRef="usdPerShare">7.94</us-gaap:CommonStockDividendsPerShareCashPaid>
    <us-gaap:CommonStockDividendsPerShareCashPaid
      contextRef="c-7"
      decimals="2"
      id="f-739"
      unitRef="usdPerShare">5.58</us-gaap:CommonStockDividendsPerShareCashPaid>
    <us-gaap:PaymentsOfDividends contextRef="c-1" decimals="-5" id="f-740" unitRef="usd">323700000</us-gaap:PaymentsOfDividends>
    <us-gaap:PaymentsOfDividends contextRef="c-6" decimals="-5" id="f-741" unitRef="usd">314400000</us-gaap:PaymentsOfDividends>
    <us-gaap:PaymentsOfDividends contextRef="c-7" decimals="-5" id="f-742" unitRef="usd">225800000</us-gaap:PaymentsOfDividends>
    <us-gaap:CommonStockDividendsPerShareDeclared
      contextRef="c-131"
      decimals="2"
      id="f-743"
      unitRef="usdPerShare">2.22</us-gaap:CommonStockDividendsPerShareDeclared>
    <us-gaap:DividendPayableDateToBePaidDayMonthAndYear contextRef="c-132" id="f-744">2024-10-24</us-gaap:DividendPayableDateToBePaidDayMonthAndYear>
    <us-gaap:DividendsPayableDateOfRecordDayMonthAndYear contextRef="c-133" id="f-745">2024-10-08</us-gaap:DividendsPayableDateOfRecordDayMonthAndYear>
    <us-gaap:ScheduleOfDebtInstrumentsTextBlock contextRef="c-1" id="f-747">Long-Term Debt&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Long-term debt as of July&#160;31, 2024 and 2023 is summarized as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Maturity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;br/&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;br/&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vail Holdings Credit Agreement revolver&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (a)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2029&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vail Holdings Credit Agreement term loan&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (a)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2029&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;959,766&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,015,625&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.50% Notes&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (b)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2032&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;600,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.25% Notes&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (b)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;600,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.0% Convertible Notes&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (c)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2026&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;575,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;575,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Whistler Credit Agreement revolver&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (d)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;EPR Secured Notes&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (e)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2034-2036&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,162&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,162&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Employee housing bonds&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (f)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2027-2039&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,575&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,575&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Canyons obligation&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (g)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2063&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;369,143&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;363,386&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;NRP Loan&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (h)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2036&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,088&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,399&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Whistler Blackcomb employee housing leases &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(i)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2042&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,887&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;29,491&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (j)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2024-2037&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,017&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35,011&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,787,638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,825,649&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: Unamortized premiums, discounts and debt issuance costs &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(k)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,888&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,814&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: Current maturities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(l)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;57,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;69,160&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Long-term debt, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,721,597&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,750,675&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(a)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt"&gt;On April 24, 2024, Vail Holdings, Inc. (&#x201c;VHI&#x201d;), which is a wholly-owned subsidiary of the Company, Bank of America, N.A., as administrative agent, and certain lenders entered into the Ninth Amended and Restated Credit Agreement (the &#x201c;Vail Holdings Credit Agreement&#x201d;). The Vail Holdings Credit Agreement matures on April 24, 2029 and consists of a $500.0 million revolving credit facility and a term loan facility, which had an outstanding balance of $959.8&#160;million as of July 31, 2024. The term loan facility is subject to quarterly amortization of principal of approximately $12.3 million and the final payment of all amounts outstanding, plus accrued and unpaid interest due in upon maturity in April 2029. VHI&#x2019;s obligations under the Vail Holdings Credit Agreement are guaranteed by the Company and certain of its subsidiaries and are collateralized by a pledge of all the capital stock of VHI and substantially all of its subsidiaries (with certain additional exceptions for the pledge of the capital stock of foreign subsidiaries). In addition, pursuant to the terms of the Vail Holdings Credit Agreement, VHI has the ability to increase availability (under the revolver or in the form of term loans) to an aggregate principal amount not to exceed the greater of (i) $2.75 billion and (ii) the product of 3.5 and the trailing twelve-month Adjusted EBITDA, as defined in the Vail Holdings Credit Agreement. The proceeds of the loans made under the Vail Holdings Credit Agreement may be used to fund the Company&#x2019;s working capital needs, capital expenditures, acquisitions, investments and other general corporate purposes, including the issuance of letters of credit. Borrowings under the Vail Holdings Credit Agreement, including the term loan facility, bear interest annually at the Secured Overnight Financing Rate (&#x201c;SOFR&#x201d;) plus a spread of 1.60% as of July&#160;31, 2024 (6.94% as of July&#160;31, 2024). Interest rate margins may fluctuate based upon the ratio of the Company&#x2019;s Net Funded Debt to Adjusted EBITDA on a trailing four-quarter basis. The Vail Holdings Credit Agreement provides for affirmative and negative covenants that restrict, among other things, the Company&#x2019;s ability to incur indebtedness, dispose of assets, make distributions and make investments. The Vail Holdings Credit Agreement also includes a quarterly unused commitment fee, which is equal to a percentage determined by the Net Funded Debt to Adjusted EBITDA ratio, as each such term is defined in the Vail Holdings Credit Agreement, multiplied by the daily amount by which the Vail Holdings Credit Agreement commitment exceeds the total of outstanding loans and outstanding letters of credit (0.30% as of July&#160;31, 2024). The Company was party to various interest rate swap agreements as of July 31, 2024 which hedged the cash flows associated with the SOFR-based variable interest rate component of $400.0&#160;million in principal amount of its Vail Holdings Credit Agreement at an effective rate of 1.38%. These interest rate swaps expired on September 23, 2024.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(b)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt"&gt;On May 8, 2024, the Company completed an offering of $600.0&#160;million aggregate principal amount of 6.50% senior notes due 2032 at par, and the net proceeds were used to fund the redemption of all $600.0&#160;million of the outstanding 6.25% Notes due 2025 at par.&#160;The 6.50% Notes are unsecured senior obligations of the Company and are guaranteed by certain of the Company&#x2019;s domestic subsidiaries.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company will pay interest on the 6.50% Notes on May 15 and November 15 of each year commencing on November 15, 2024, and the 6.50% Notes will mature on May 15, 2032. The 6.50% Notes are redeemable, in whole or in part, at any time on or after May 15, 2027 at the redemption prices specified in a 2024 Indenture dated as of May 8, 2024 (the &#x201c;2024 Indenture&#x201d;) plus accrued and unpaid interest. Prior to May 15, 2027, the Company may redeem some or all of the 6.50% Notes at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, plus a &#x201c;make-whole&#x201d; premium as specified in the 2024 Indenture. In addition, prior to May 15, 2027, the Company may redeem up to 40% of the aggregate principal amount of the 6.50% Notes with an amount not to exceed the net cash proceeds from certain equity offerings at the redemption price of 106.50% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The 6.50% Notes are senior unsecured obligations of the Company and rank equally in right of payment with existing and future senior indebtedness of the Company and the guarantors (as defined in the 2024 Indenture).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The 2024 Indenture requires that, upon the occurrence of a Change of Control Repurchase Event (as defined in the 2024 Indenture), the Company shall offer to purchase all of the outstanding Notes at a purchase price in cash equal to 101% of the outstanding principal amount of the 6.50% Notes, plus accrued and unpaid interest. If the Company or certain of its subsidiaries dispose of assets, under certain circumstances, the Company will be required to either invest the net cash proceeds from such assets sales in its business within a specified period of time, repay certain senior secured debt or debt of its non-guarantor subsidiaries, or make an offer to purchase a principal amount of the 6.50% Notes equal to the excess net cash proceeds at a purchase price of 100% of their principal amount, plus accrued and unpaid interest.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The 2024 Indenture contains covenants that, among other things, restrict the ability of the Company and the guarantors to incur liens on assets; merge or consolidate with another company or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the Company&#x2019;s assets or engage in Sale and Leaseback Transactions (as defined in the 2024 Indenture). The 2024 Indenture does not contain any financial maintenance covenants. Certain of the covenants will not apply to the 6.50% Notes so long as the 6.50% Notes have investment grade ratings from two specified rating agencies and no event of default has occurred and is continuing under the 2024 Indenture. The 2024 Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the 2024 Indenture, certain defaults on certain other indebtedness, certain events of bankruptcy, insolvency or reorganization, and invalidity of the guarantees of the 6.50% Notes issued pursuant to the 2024 Indenture.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(c)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt"&gt;On December 18, 2020, the Company completed an offering of $575.0&#160;million in aggregate principal amount of 0.0% Convertible Notes due 2026 in a private placement conducted pursuant to Rule 144A of the Securities Act of 1933, as amended (the &#x201c;0.0% Convertible Notes&#x201d;). The 0.0% Convertible Notes were issued under an indenture dated December 18, 2020 (the &#x201c;Convertible Indenture&#x201d;) between the Company and U.S. Bank National Association, as Trustee. The 0.0% Convertible Notes do not bear regular interest and the principal amount does not accrete. The 0.0% Convertible Notes mature on January 1, 2026, unless earlier repurchased, redeemed or converted.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The 0.0% Convertible Notes are general senior unsecured obligations of the Company. The 0.0% Convertible Notes rank senior in right of payment to any future debt that is expressly subordinated, equal in right of payment with the Company&#x2019;s existing and future liabilities that are not so subordinated, and are subordinated to all of the Company&#x2019;s existing and future secured debt to the extent of the value of the assets securing such debt. The 0.0% Convertible Notes will also be structurally subordinated to all of the existing and future liabilities and obligations of the Company&#x2019;s subsidiaries, including such subsidiaries&#x2019; guarantees of the 6.50% Notes.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The initial conversion rate was 2.4560 shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $407.17 per share, and is subject to adjustment upon the occurrence of certain specified events as described in the Convertible Indenture, including the payment of cash dividends. As of July&#160;31, 2024, the conversion rate of the 0.0% Convertible Notes, adjusted for cash dividends paid since the issuance date, was 2.7075 shares per $1,000 principal amount of notes (the &#x201c;Conversion Rate&#x201d;), which represents a conversion price of $369.35 per share (the &#x201c;Conversion Price&#x201d;). The principal amount of the 0.0% Convertible Notes is required to be settled in cash. The Company will settle the in the money component of conversions by paying cash, delivering shares of its common stock, or a combination of the two, at its option.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Holders may convert their notes, at their option, only under the following circumstances:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt"&gt;during any calendar quarter commencing after the calendar quarter ending on March 31, 2021 if the last reported sale price per share of our common stock exceeds 130% of the Conversion Price for each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt"&gt;during the five consecutive business days immediately after any 10 consecutive trading day period (such 10 consecutive trading day period, the &#x201c;Measurement Period&#x201d;) in which the trading price per $1,000 principal amount of notes for each trading day of the Measurement Period was less than 98% of the product of the last reported sale price per share of our common stock on such trading day and the Conversion Rate on such trading day;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt"&gt;upon the occurrence of certain corporate events or distributions on our common stock, as described in the Convertible Indenture;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt"&gt;if the Company calls the 0.0% Convertible Notes for redemption; or&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt"&gt;at any time from, and including, July 1, 2025 until the close of business on the scheduled trading day immediately before the maturity date.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The 0.0% Convertible Notes will be redeemable, in whole or in part, at the Company&#x2019;s option at any time, and from time to time, on or after January 1, 2024 and on or before the 25th scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the notes to be redeemed, plus accrued and unpaid special and additional interest, if any, to, but excluding, the redemption date, but only if the last reported sale price per share of the Company&#x2019;s common stock exceeds 130% of the Conversion Price for a specified period of time. If the Company elects to redeem less than all of the 0.0% Convertible Notes, at least $50.0&#160;million aggregate principal amount of notes must be outstanding and not subject to redemption as of the relevant redemption notice date. Calling any 0.0% Convertible Notes for redemption will constitute a make-whole fundamental change with respect to such notes, in which case the Conversion Rate applicable to the conversion of such notes will be increased in certain circumstances if such notes are converted after they are called for redemption.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In addition, upon the occurrence of a fundamental change (as defined in the Convertible Indenture), holders of the 0.0% Convertible Notes may require the Company to repurchase all or a portion of their notes at a cash repurchase price equal to the principal amount of the notes to be repurchased, plus any accrued and unpaid special and additional interest, if any, to, but excluding, the applicable repurchase date. If certain fundamental changes referred to as make-whole fundamental changes (as defined in the Convertible Indenture) occur, the Conversion Rate for the 0.0% Convertible Notes may be increased for a specified period of time.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Convertible Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the Convertible Indenture, certain defaults on certain other indebtedness, and certain events of bankruptcy, insolvency or reorganization. The Company may elect, at its option, that the sole remedy for an event of default relating to certain failures by the Company to comply with certain reporting covenants in the Convertible Indenture will consist exclusively of the right of the holders of the 0.0% Convertible Notes to receive additional interest on the notes for up to 360 days following such failure.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Prior to the adoption of ASU 2020-06 on August 1, 2022, the Company separately accounted for the liability and equity components of the 0.0% Convertible Notes. The liability component at issuance was recognized at estimated fair value based on the fair value of a similar debt instrument that does not have an embedded convertible feature, and was determined to be $465.3&#160;million and was recorded within long-term debt, net on the Company&#x2019;s Consolidated Balance Sheet.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"&gt; &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The excess of the principal amount of the 0.0% Convertible Notes over the initial fair value of the liability component represented a debt discount of $109.7&#160;million and was being amortized to interest expense, net over the term through July 31, 2022 (prior to the adoption of ASU 2020-06). The balance of the unamortized debt discount was $76.7&#160;million as of July 31, 2022. The carrying amount of the equity component representing the conversion option was approximately $109.7&#160;million and was determined by deducting the initial fair value of the liability component from the total proceeds of the 0.0% Convertible Notes of $575.0&#160;million. Additionally, the Company recorded deferred tax liabilities of approximately $27.5&#160;million related to the equity component of the 0.0% Convertible Notes on the date of issuance, which decreased the recorded value of the equity component. As of July 31, 2022, the equity component was recorded within additional paid-in-capital on the Company&#x2019;s Consolidated Balance Sheet. The Company adopted ASU 2020-06 on August 1, 2022 using the modified retrospective method, and as a result, the Company reclassified the equity component of its 0.0% Convertible Notes to long-term debt, net, and no longer records non-cash interest expense related to the amortization of the debt discount effective as of the adoption date. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(d)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt"&gt;Whistler Mountain Resort Limited Partnership (&#x201c;Whistler LP&#x201d;) and Blackcomb Skiing Enterprises Limited Partnership (&#x201c;Blackcomb LP&#x201d; and together with Whistler LP, the &#x201c;WB Partnerships&#x201d;) are party to a credit agreement consisting of a C$300.0&#160;million credit facility which was originally dated as of November 12, 2013, by and among Whistler LP, Blackcomb LP, certain subsidiaries of Whistler LP and Blackcomb LP party thereto as guarantors, the financial institutions party thereto as lenders and The Toronto-Dominion Bank (&#x201c;TD&#x201d;), as administrative agent. On April 14, 2023, the WB Partnerships along with other parties to the original agreement entered into the Second Amended and Restated Credit Agreement (as amended, the &#x201c;Whistler Credit Agreement&#x201d;). The amended Whistler Credit Agreement (i) extended the &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;maturity date of the revolving credit facility to April 14, 2028; (ii) contained customary LIBOR replacement language for the use of rates based on SOFR with regard to borrowings under the facility made in U.S. dollars; and (iii) contained customary forward-looking transition language for the Canadian Dollar Offered Rate (&#x201c;CDOR&#x201d;) with regard to borrowings under the facility made in Canadian dollars, including, but not limited to, the use of rates based on the Canadian Overnight Repo Rate Average (&#x201c;CORRA&#x201d;), which is a measure of the cost of overnight general collateral funding using Government of Canada treasury bills and bonds as collateral for repurchase transactions, and for which such transition occurred in June 2024. On June 27, 2024, TD issued a notice of benchmark replacement and the implementation of benchmark replacement confirming changes. This notice established the CDOR replacement as the Adjusted Term CORRA, which is the sum of (i) Term CORRA and (ii) 0.29547% for an available tenor of one-month&#x2019;s duration, and 0.32138% for an available tenor of three months&#x2019; duration, provided that, if the Adjusted Term CORRA as so determined shall ever be less than a floor of 0.00%, then the Adjusted Term CORRA shall be deemed to be 0.00%. No other significant terms of the agreement were amended. As of July&#160;31, 2024, there were no borrowings under the Whistler Credit Agreement. The Whistler Credit Agreement also includes a quarterly unused commitment fee based on the Consolidated Total Leverage Ratio, which as of July&#160;31, 2024 is equal to 0.39% per annum.&#160;The Whistler Credit Agreement provides for affirmative and negative covenants that restrict, among other things, the WB Partnerships&#x2019; ability to incur indebtedness and liens, dispose of assets, make capital expenditures, make distributions and make investments. In addition, the Whistler Credit Agreement includes the restrictive financial covenants (leverage ratios and interest coverage ratios) customary for facilities of this type.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(e)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt"&gt;In September 2019, in conjunction with the acquisition of Peak Resorts, Inc. (&#x201c;Peak Resorts&#x201d;), the Company assumed various secured borrowings (the &#x201c;EPR Secured Notes&#x201d;) under the master credit and security agreements and other related agreements, as amended, (collectively, the &#x201c;EPR Agreements&#x201d;) with EPT Ski Properties, Inc. and its affiliates (&#x201c;EPR&#x201d;). The EPR Secured Notes include the following:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-23.27pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;i.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt"&gt;The Alpine Valley Secured Note. &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The $4.6 million Alpine Valley Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.90%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-26.04pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;ii.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt"&gt;The Boston Mills/Brandywine Secured Note.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The $23.3 million Boston Mills/Brandywine Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.41%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-28.81pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;iii.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt"&gt;The Jack Frost/Big Boulder Secured Note. &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The $14.3 million Jack Frost/Big Boulder Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.41%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-28.27pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;iv.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt"&gt;The Mount Snow Secured Note.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The $51.1 million Mount Snow Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 12.50%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-25.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;v.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt"&gt;The Hunter Mountain Secured Note.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The $21.0 million Hunter Mountain Secured Note provides for interest payments through its maturity on January 5, 2036. As of July&#160;31, 2024, interest on this note accrued at a rate of 9.19%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The EPR Secured Notes are secured by all or substantially all of the assets of Peak Resorts and its subsidiaries, including mortgages on the Alpine Valley, Boston Mills, Brandywine, Jack Frost, Big Boulder, Mount Snow and Hunter Mountain ski resorts. The EPR Secured Notes bear interest at specified interest rates, as discussed above, which are subject to increase each year by the lesser of (i) three times the percentage increase in the Consumer Price Index (&#x201c;CPI&#x201d;) or (ii) a capped index (the &#x201c;Capped CPI Index&#x201d;), which is 1.75% for the Hunter Mountain Secured Note and 1.50% for all other notes. The EPR Agreements provide for affirmative and negative covenants that restrict, among other things, the ability of Peak Resorts and its subsidiaries to incur indebtedness, dispose of assets, make distributions and make investments. In addition, the EPR Agreements include restrictive covenants, including maximum leverage ratio and consolidated fixed charge ratio. An additional contingent interest payment would be due to EPR if, on a calendar year basis, the gross receipts from the properties securing any of the individual EPR Secured Notes (the &#x201c;Gross Receipts&#x201d;) are more than the result (the &#x201c;Interest Quotient&#x201d;) of dividing the total interest charges for the EPR Secured Notes by a specified percentage rate (the &#x201c;Additional Interest Rate&#x201d;). In such a case, the additional interest payment would equal the difference between the Gross Receipts and the Interest Quotient multiplied by the Additional Interest Rate. This calculation is made on an aggregated basis for the notes secured by the Jack Frost, Big Boulder, Boston Mills, Brandywine and Alpine Valley ski resorts, where the Additional Interest Rate is 10.0%; on a standalone basis for the note secured by the Company&#x2019;s Mount Snow ski resort, where the Additional Interest Rate is 12.0%; and on a standalone basis for the note secured by the Company&#x2019;s Hunter Mountain ski resort, where the Additional Interest Rate is 8.0%. Peak Resorts does not have the right to prepay the EPR Secured Notes. The EPR Secured Notes were recorded at their estimated fair value in conjunction with the acquisition of Peak Resorts on September 24, 2019. The EPR Agreements grant EPR certain other rights including the option to purchase &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;the Boston Mills, Brandywine, Jack Frost, Big Boulder or Alpine Valley resorts, which is exercisable no sooner than two years and no later than one year prior to the maturity dates of the applicable EPR Secured Note for such properties, with any closings to be held on the applicable maturity dates; and, if EPR exercises the purchase option, EPR will enter into an agreement with the Company for the lease of each acquired property for an initial term of 20 years, plus options to extend the lease for two additional periods of ten years each.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(f)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.01pt"&gt;The Company has recorded the outstanding debt of four Employee Housing Entities (each an &#x201c;Employee Housing Entity&#x201d; and collectively the &#x201c;Employee Housing Entities&#x201d;): Breckenridge Terrace, Tarnes, BC Housing and Tenderfoot. The proceeds of the Employee Housing Bonds were used to develop apartment complexes designated primarily for use by the Company&#x2019;s seasonal employees at its Colorado mountain resorts. The Employee Housing Bonds are variable rate, interest-only instruments with interest rates tied to SOFR plus 0% to 0.20% (5.53% to 5.73% as of July&#160;31, 2024).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Interest on the Employee Housing Bonds is paid monthly in arrears and the interest rate is adjusted weekly. No principal payments are due on the Employee Housing Bonds until maturity. Each Employee Housing Entity&#x2019;s bonds were issued in two series. The bonds for each Employee Housing Entity are backed by letters of credit issued under the Vail Holdings Credit Agreement. The table below presents the principal amounts outstanding for the Employee Housing Bonds as of July&#160;31, 2024 (in thousands):&#160;&#160;&#160;&#160;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;padding-left:18pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.491%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:34.051%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.112%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.112%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.112%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.113%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Maturity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Tranche&#160;A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Tranche&#160;B&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Breckenridge Terrace&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2039&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,980&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,980&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Tarnes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2039&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;BC Housing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2027&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,600&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Tenderfoot&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2035&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,700&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,585&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,780&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,795&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,575&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(g)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt"&gt;On May 24, 2013, VR CPC Holdings, Inc. (&#x201c;VR CPC&#x201d;), a wholly-owned subsidiary of the Company, entered into a transaction agreement with affiliate companies of Talisker Corporation (&#x201c;Talisker&#x201d;) pursuant to which the parties entered into a master lease agreement (the &#x201c;Park City Lease&#x201d;) and certain ancillary transaction documents on May 29, 2013 related to the former stand-alone Canyons Resort (&#x201c;Canyons&#x201d;), pursuant to which the Company assumed the resort operations of the Canyons. The Park City Lease between VR CPC and Talisker has an initial term of 50 years with six 50-year renewal options. The Park City Lease provides for $25 million in annual payments, which increase each year by an inflation-linked index of CPI less 1% per annum, with a floor of 2%. Vail Resorts has guaranteed the payments under the Park City Lease. The obligation at July&#160;31, 2024 represents future lease payments for the remaining initial lease term of 50 years (including annual increases at the floor of 2%) discounted using an interest rate of 10%, and includes accumulated accreted interest expense of approximately $63.8&#160;million.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(h)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt"&gt;On August 3, 2022 in conjunction with the acquisition of Andermatt-Sedrun (see Note 7, Acquisitions), the Company assumed the New Regional Policy loan between Andermatt-Sedrun and the Canton of Uri and Canton of Graub&#xfc;nden dated June 24, 2016 (the &#x201c;NRP Loan&#x201d;), with an initial principal balance of CHF 40.0 million. Amounts outstanding under the NRP Loan bear interest at 0.63% per annum until the maturity date, which is September 30, 2036, with semi-annual required payments of principal amortization and accrued interest. In addition, the NRP Loan agreement includes restrictive covenants requiring certain minimum financial results (as defined in the agreement).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(i)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt"&gt;During the year ended July 31, 2023, the Company entered into new finance lease agreements for employee housing units at Whistler Blackcomb. The leases have a term of 20 years with no renewal options. The obligation at July&#160;31, 2024 represents future lease payments for the remaining period of the initial 20 year term of the lease (including annual increases at the floor of 3%) discounted using an interest rate of 6.95%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(j)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt"&gt;During the year ended July 31, 2019, the Company completed two real estate sales transactions that were accounted for as financing arrangements as a result of the Company&#x2019;s continuing involvement with the underlying assets that were sold, including but not limited to, the obligation to repurchase finished commercial space from the development projects upon completion. The Company received approximately&#160;$12.8&#160;million&#160;of proceeds for these sales transactions through the year ended July&#160;31, 2024, which are reflected within long-term debt, net. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(k)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt"&gt;In connection with the various business combinations, the Company estimated the acquisition date fair values of certain debt instruments assumed, and recorded any difference between such estimated fair values and the par value of debt instruments as unamortized premiums and discounts, as appropriate, which are amortized and recorded to interest expense, net on the Company&#x2019;s Consolidated Statements of Operations over the respective term of the applicable debt instruments. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Additionally, certain costs incurred with regard to the issuance of debt instruments are capitalized and included as a reduction in the net carrying value of long-term debt, net of accumulated amortization, with the exception of costs incurred related to line-of-credit arrangements, which are included in deferred charges and other assets, net of accumulated amortization. Amortization of such deferred financing costs are recorded to interest expense, net on the Company&#x2019;s Consolidated Statements of Operations over the respective term of the applicable debt instruments.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(l)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt"&gt;Current maturities represent principal payments due in the next 12 months.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Aggregate maturities for debt outstanding, including finance lease obligations, as of July&#160;31, 2024 reflected by fiscal year are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:83.233%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,586&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2026&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;632,202&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2027&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;74,719&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;55,772&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2029&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;770,033&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Thereafter&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,190,326&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total debt&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,787,638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company recorded interest expense of $161.8 million, $153.0 million and $148.2 million for the years ended July&#160;31, 2024, 2023 and 2022, respectively, of which $6.3 million, $6.7 million and $5.9 million, respectively, was amortization of deferred financing costs. The Company was in compliance with all of its financial and operating covenants required to be maintained under its debt instruments for all periods presented.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In connection with the acquisition of Whistler Blackcomb, VHI funded a portion of the purchase price through an intercompany loan to Whistler Blackcomb, which was effective as of November 1, 2016 and&#160;requires foreign currency remeasurement to Canadian dollars, the functional currency for Whistler Blackcomb. As a result, foreign currency fluctuations associated with the loan are recorded within the Company&#x2019;s results of operations. The Company recognized approximately&#160;$4.1&#160;million, $2.9&#160;million and $2.7&#160;million of non-cash foreign currency loss on the intercompany loan to Whistler Blackcomb during the years ended July&#160;31, 2024, 2023 and 2022, respectively, on its Consolidated Statements of Operations. During the year ended July 31, 2024, Whistler Blackcomb repaid $65.0&#160;million of the outstanding principal on the intercompany loan and as of July&#160;31, 2024, the remaining balance of the intercompany loan was $32.1 million.&lt;/span&gt;&lt;/div&gt;</us-gaap:ScheduleOfDebtInstrumentsTextBlock>
    <us-gaap:DebtDisclosureTextBlock contextRef="c-1" id="f-746">Long-Term Debt&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Long-term debt as of July&#160;31, 2024 and 2023 is summarized as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Maturity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;br/&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;br/&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vail Holdings Credit Agreement revolver&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (a)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2029&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vail Holdings Credit Agreement term loan&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (a)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2029&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;959,766&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,015,625&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.50% Notes&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (b)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2032&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;600,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.25% Notes&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (b)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;600,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.0% Convertible Notes&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (c)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2026&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;575,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;575,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Whistler Credit Agreement revolver&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (d)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;EPR Secured Notes&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (e)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2034-2036&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,162&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,162&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Employee housing bonds&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (f)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2027-2039&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,575&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,575&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Canyons obligation&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (g)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2063&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;369,143&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;363,386&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;NRP Loan&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (h)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2036&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,088&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,399&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Whistler Blackcomb employee housing leases &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(i)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2042&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;27,887&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;29,491&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt; (j)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2024-2037&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,017&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;35,011&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,787,638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,825,649&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: Unamortized premiums, discounts and debt issuance costs &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(k)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,888&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,814&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Less: Current maturities &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(l)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;57,153&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;69,160&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Long-term debt, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,721,597&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,750,675&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(a)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt"&gt;On April 24, 2024, Vail Holdings, Inc. (&#x201c;VHI&#x201d;), which is a wholly-owned subsidiary of the Company, Bank of America, N.A., as administrative agent, and certain lenders entered into the Ninth Amended and Restated Credit Agreement (the &#x201c;Vail Holdings Credit Agreement&#x201d;). The Vail Holdings Credit Agreement matures on April 24, 2029 and consists of a $500.0 million revolving credit facility and a term loan facility, which had an outstanding balance of $959.8&#160;million as of July 31, 2024. The term loan facility is subject to quarterly amortization of principal of approximately $12.3 million and the final payment of all amounts outstanding, plus accrued and unpaid interest due in upon maturity in April 2029. VHI&#x2019;s obligations under the Vail Holdings Credit Agreement are guaranteed by the Company and certain of its subsidiaries and are collateralized by a pledge of all the capital stock of VHI and substantially all of its subsidiaries (with certain additional exceptions for the pledge of the capital stock of foreign subsidiaries). In addition, pursuant to the terms of the Vail Holdings Credit Agreement, VHI has the ability to increase availability (under the revolver or in the form of term loans) to an aggregate principal amount not to exceed the greater of (i) $2.75 billion and (ii) the product of 3.5 and the trailing twelve-month Adjusted EBITDA, as defined in the Vail Holdings Credit Agreement. The proceeds of the loans made under the Vail Holdings Credit Agreement may be used to fund the Company&#x2019;s working capital needs, capital expenditures, acquisitions, investments and other general corporate purposes, including the issuance of letters of credit. Borrowings under the Vail Holdings Credit Agreement, including the term loan facility, bear interest annually at the Secured Overnight Financing Rate (&#x201c;SOFR&#x201d;) plus a spread of 1.60% as of July&#160;31, 2024 (6.94% as of July&#160;31, 2024). Interest rate margins may fluctuate based upon the ratio of the Company&#x2019;s Net Funded Debt to Adjusted EBITDA on a trailing four-quarter basis. The Vail Holdings Credit Agreement provides for affirmative and negative covenants that restrict, among other things, the Company&#x2019;s ability to incur indebtedness, dispose of assets, make distributions and make investments. The Vail Holdings Credit Agreement also includes a quarterly unused commitment fee, which is equal to a percentage determined by the Net Funded Debt to Adjusted EBITDA ratio, as each such term is defined in the Vail Holdings Credit Agreement, multiplied by the daily amount by which the Vail Holdings Credit Agreement commitment exceeds the total of outstanding loans and outstanding letters of credit (0.30% as of July&#160;31, 2024). The Company was party to various interest rate swap agreements as of July 31, 2024 which hedged the cash flows associated with the SOFR-based variable interest rate component of $400.0&#160;million in principal amount of its Vail Holdings Credit Agreement at an effective rate of 1.38%. These interest rate swaps expired on September 23, 2024.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(b)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt"&gt;On May 8, 2024, the Company completed an offering of $600.0&#160;million aggregate principal amount of 6.50% senior notes due 2032 at par, and the net proceeds were used to fund the redemption of all $600.0&#160;million of the outstanding 6.25% Notes due 2025 at par.&#160;The 6.50% Notes are unsecured senior obligations of the Company and are guaranteed by certain of the Company&#x2019;s domestic subsidiaries.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company will pay interest on the 6.50% Notes on May 15 and November 15 of each year commencing on November 15, 2024, and the 6.50% Notes will mature on May 15, 2032. The 6.50% Notes are redeemable, in whole or in part, at any time on or after May 15, 2027 at the redemption prices specified in a 2024 Indenture dated as of May 8, 2024 (the &#x201c;2024 Indenture&#x201d;) plus accrued and unpaid interest. Prior to May 15, 2027, the Company may redeem some or all of the 6.50% Notes at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, plus a &#x201c;make-whole&#x201d; premium as specified in the 2024 Indenture. In addition, prior to May 15, 2027, the Company may redeem up to 40% of the aggregate principal amount of the 6.50% Notes with an amount not to exceed the net cash proceeds from certain equity offerings at the redemption price of 106.50% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The 6.50% Notes are senior unsecured obligations of the Company and rank equally in right of payment with existing and future senior indebtedness of the Company and the guarantors (as defined in the 2024 Indenture).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The 2024 Indenture requires that, upon the occurrence of a Change of Control Repurchase Event (as defined in the 2024 Indenture), the Company shall offer to purchase all of the outstanding Notes at a purchase price in cash equal to 101% of the outstanding principal amount of the 6.50% Notes, plus accrued and unpaid interest. If the Company or certain of its subsidiaries dispose of assets, under certain circumstances, the Company will be required to either invest the net cash proceeds from such assets sales in its business within a specified period of time, repay certain senior secured debt or debt of its non-guarantor subsidiaries, or make an offer to purchase a principal amount of the 6.50% Notes equal to the excess net cash proceeds at a purchase price of 100% of their principal amount, plus accrued and unpaid interest.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The 2024 Indenture contains covenants that, among other things, restrict the ability of the Company and the guarantors to incur liens on assets; merge or consolidate with another company or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the Company&#x2019;s assets or engage in Sale and Leaseback Transactions (as defined in the 2024 Indenture). The 2024 Indenture does not contain any financial maintenance covenants. Certain of the covenants will not apply to the 6.50% Notes so long as the 6.50% Notes have investment grade ratings from two specified rating agencies and no event of default has occurred and is continuing under the 2024 Indenture. The 2024 Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the 2024 Indenture, certain defaults on certain other indebtedness, certain events of bankruptcy, insolvency or reorganization, and invalidity of the guarantees of the 6.50% Notes issued pursuant to the 2024 Indenture.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(c)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt"&gt;On December 18, 2020, the Company completed an offering of $575.0&#160;million in aggregate principal amount of 0.0% Convertible Notes due 2026 in a private placement conducted pursuant to Rule 144A of the Securities Act of 1933, as amended (the &#x201c;0.0% Convertible Notes&#x201d;). The 0.0% Convertible Notes were issued under an indenture dated December 18, 2020 (the &#x201c;Convertible Indenture&#x201d;) between the Company and U.S. Bank National Association, as Trustee. The 0.0% Convertible Notes do not bear regular interest and the principal amount does not accrete. The 0.0% Convertible Notes mature on January 1, 2026, unless earlier repurchased, redeemed or converted.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The 0.0% Convertible Notes are general senior unsecured obligations of the Company. The 0.0% Convertible Notes rank senior in right of payment to any future debt that is expressly subordinated, equal in right of payment with the Company&#x2019;s existing and future liabilities that are not so subordinated, and are subordinated to all of the Company&#x2019;s existing and future secured debt to the extent of the value of the assets securing such debt. The 0.0% Convertible Notes will also be structurally subordinated to all of the existing and future liabilities and obligations of the Company&#x2019;s subsidiaries, including such subsidiaries&#x2019; guarantees of the 6.50% Notes.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The initial conversion rate was 2.4560 shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $407.17 per share, and is subject to adjustment upon the occurrence of certain specified events as described in the Convertible Indenture, including the payment of cash dividends. As of July&#160;31, 2024, the conversion rate of the 0.0% Convertible Notes, adjusted for cash dividends paid since the issuance date, was 2.7075 shares per $1,000 principal amount of notes (the &#x201c;Conversion Rate&#x201d;), which represents a conversion price of $369.35 per share (the &#x201c;Conversion Price&#x201d;). The principal amount of the 0.0% Convertible Notes is required to be settled in cash. The Company will settle the in the money component of conversions by paying cash, delivering shares of its common stock, or a combination of the two, at its option.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Holders may convert their notes, at their option, only under the following circumstances:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt"&gt;during any calendar quarter commencing after the calendar quarter ending on March 31, 2021 if the last reported sale price per share of our common stock exceeds 130% of the Conversion Price for each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt"&gt;during the five consecutive business days immediately after any 10 consecutive trading day period (such 10 consecutive trading day period, the &#x201c;Measurement Period&#x201d;) in which the trading price per $1,000 principal amount of notes for each trading day of the Measurement Period was less than 98% of the product of the last reported sale price per share of our common stock on such trading day and the Conversion Rate on such trading day;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt"&gt;upon the occurrence of certain corporate events or distributions on our common stock, as described in the Convertible Indenture;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt"&gt;if the Company calls the 0.0% Convertible Notes for redemption; or&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-13.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;&#x2022;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt"&gt;at any time from, and including, July 1, 2025 until the close of business on the scheduled trading day immediately before the maturity date.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The 0.0% Convertible Notes will be redeemable, in whole or in part, at the Company&#x2019;s option at any time, and from time to time, on or after January 1, 2024 and on or before the 25th scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the notes to be redeemed, plus accrued and unpaid special and additional interest, if any, to, but excluding, the redemption date, but only if the last reported sale price per share of the Company&#x2019;s common stock exceeds 130% of the Conversion Price for a specified period of time. If the Company elects to redeem less than all of the 0.0% Convertible Notes, at least $50.0&#160;million aggregate principal amount of notes must be outstanding and not subject to redemption as of the relevant redemption notice date. Calling any 0.0% Convertible Notes for redemption will constitute a make-whole fundamental change with respect to such notes, in which case the Conversion Rate applicable to the conversion of such notes will be increased in certain circumstances if such notes are converted after they are called for redemption.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In addition, upon the occurrence of a fundamental change (as defined in the Convertible Indenture), holders of the 0.0% Convertible Notes may require the Company to repurchase all or a portion of their notes at a cash repurchase price equal to the principal amount of the notes to be repurchased, plus any accrued and unpaid special and additional interest, if any, to, but excluding, the applicable repurchase date. If certain fundamental changes referred to as make-whole fundamental changes (as defined in the Convertible Indenture) occur, the Conversion Rate for the 0.0% Convertible Notes may be increased for a specified period of time.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Convertible Indenture includes customary events of default, including failure to make payment, failure to comply with the obligations set forth in the Convertible Indenture, certain defaults on certain other indebtedness, and certain events of bankruptcy, insolvency or reorganization. The Company may elect, at its option, that the sole remedy for an event of default relating to certain failures by the Company to comply with certain reporting covenants in the Convertible Indenture will consist exclusively of the right of the holders of the 0.0% Convertible Notes to receive additional interest on the notes for up to 360 days following such failure.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Prior to the adoption of ASU 2020-06 on August 1, 2022, the Company separately accounted for the liability and equity components of the 0.0% Convertible Notes. The liability component at issuance was recognized at estimated fair value based on the fair value of a similar debt instrument that does not have an embedded convertible feature, and was determined to be $465.3&#160;million and was recorded within long-term debt, net on the Company&#x2019;s Consolidated Balance Sheet.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"&gt; &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The excess of the principal amount of the 0.0% Convertible Notes over the initial fair value of the liability component represented a debt discount of $109.7&#160;million and was being amortized to interest expense, net over the term through July 31, 2022 (prior to the adoption of ASU 2020-06). The balance of the unamortized debt discount was $76.7&#160;million as of July 31, 2022. The carrying amount of the equity component representing the conversion option was approximately $109.7&#160;million and was determined by deducting the initial fair value of the liability component from the total proceeds of the 0.0% Convertible Notes of $575.0&#160;million. Additionally, the Company recorded deferred tax liabilities of approximately $27.5&#160;million related to the equity component of the 0.0% Convertible Notes on the date of issuance, which decreased the recorded value of the equity component. As of July 31, 2022, the equity component was recorded within additional paid-in-capital on the Company&#x2019;s Consolidated Balance Sheet. The Company adopted ASU 2020-06 on August 1, 2022 using the modified retrospective method, and as a result, the Company reclassified the equity component of its 0.0% Convertible Notes to long-term debt, net, and no longer records non-cash interest expense related to the amortization of the debt discount effective as of the adoption date. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(d)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt"&gt;Whistler Mountain Resort Limited Partnership (&#x201c;Whistler LP&#x201d;) and Blackcomb Skiing Enterprises Limited Partnership (&#x201c;Blackcomb LP&#x201d; and together with Whistler LP, the &#x201c;WB Partnerships&#x201d;) are party to a credit agreement consisting of a C$300.0&#160;million credit facility which was originally dated as of November 12, 2013, by and among Whistler LP, Blackcomb LP, certain subsidiaries of Whistler LP and Blackcomb LP party thereto as guarantors, the financial institutions party thereto as lenders and The Toronto-Dominion Bank (&#x201c;TD&#x201d;), as administrative agent. On April 14, 2023, the WB Partnerships along with other parties to the original agreement entered into the Second Amended and Restated Credit Agreement (as amended, the &#x201c;Whistler Credit Agreement&#x201d;). The amended Whistler Credit Agreement (i) extended the &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;maturity date of the revolving credit facility to April 14, 2028; (ii) contained customary LIBOR replacement language for the use of rates based on SOFR with regard to borrowings under the facility made in U.S. dollars; and (iii) contained customary forward-looking transition language for the Canadian Dollar Offered Rate (&#x201c;CDOR&#x201d;) with regard to borrowings under the facility made in Canadian dollars, including, but not limited to, the use of rates based on the Canadian Overnight Repo Rate Average (&#x201c;CORRA&#x201d;), which is a measure of the cost of overnight general collateral funding using Government of Canada treasury bills and bonds as collateral for repurchase transactions, and for which such transition occurred in June 2024. On June 27, 2024, TD issued a notice of benchmark replacement and the implementation of benchmark replacement confirming changes. This notice established the CDOR replacement as the Adjusted Term CORRA, which is the sum of (i) Term CORRA and (ii) 0.29547% for an available tenor of one-month&#x2019;s duration, and 0.32138% for an available tenor of three months&#x2019; duration, provided that, if the Adjusted Term CORRA as so determined shall ever be less than a floor of 0.00%, then the Adjusted Term CORRA shall be deemed to be 0.00%. No other significant terms of the agreement were amended. As of July&#160;31, 2024, there were no borrowings under the Whistler Credit Agreement. The Whistler Credit Agreement also includes a quarterly unused commitment fee based on the Consolidated Total Leverage Ratio, which as of July&#160;31, 2024 is equal to 0.39% per annum.&#160;The Whistler Credit Agreement provides for affirmative and negative covenants that restrict, among other things, the WB Partnerships&#x2019; ability to incur indebtedness and liens, dispose of assets, make capital expenditures, make distributions and make investments. In addition, the Whistler Credit Agreement includes the restrictive financial covenants (leverage ratios and interest coverage ratios) customary for facilities of this type.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(e)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.91pt"&gt;In September 2019, in conjunction with the acquisition of Peak Resorts, Inc. (&#x201c;Peak Resorts&#x201d;), the Company assumed various secured borrowings (the &#x201c;EPR Secured Notes&#x201d;) under the master credit and security agreements and other related agreements, as amended, (collectively, the &#x201c;EPR Agreements&#x201d;) with EPT Ski Properties, Inc. and its affiliates (&#x201c;EPR&#x201d;). The EPR Secured Notes include the following:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-23.27pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;i.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt"&gt;The Alpine Valley Secured Note. &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The $4.6 million Alpine Valley Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.90%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-26.04pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;ii.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt"&gt;The Boston Mills/Brandywine Secured Note.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The $23.3 million Boston Mills/Brandywine Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.41%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-28.81pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;iii.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt"&gt;The Jack Frost/Big Boulder Secured Note. &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The $14.3 million Jack Frost/Big Boulder Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 11.41%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-28.27pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;iv.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt"&gt;The Mount Snow Secured Note.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The $51.1 million Mount Snow Secured Note provides for interest payments through its maturity on December 1, 2034. As of July&#160;31, 2024, interest on this note accrued at a rate of 12.50%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:67.5pt;text-align:justify;text-indent:-25.5pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;v.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:18pt"&gt;The Hunter Mountain Secured Note.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The $21.0 million Hunter Mountain Secured Note provides for interest payments through its maturity on January 5, 2036. As of July&#160;31, 2024, interest on this note accrued at a rate of 9.19%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The EPR Secured Notes are secured by all or substantially all of the assets of Peak Resorts and its subsidiaries, including mortgages on the Alpine Valley, Boston Mills, Brandywine, Jack Frost, Big Boulder, Mount Snow and Hunter Mountain ski resorts. The EPR Secured Notes bear interest at specified interest rates, as discussed above, which are subject to increase each year by the lesser of (i) three times the percentage increase in the Consumer Price Index (&#x201c;CPI&#x201d;) or (ii) a capped index (the &#x201c;Capped CPI Index&#x201d;), which is 1.75% for the Hunter Mountain Secured Note and 1.50% for all other notes. The EPR Agreements provide for affirmative and negative covenants that restrict, among other things, the ability of Peak Resorts and its subsidiaries to incur indebtedness, dispose of assets, make distributions and make investments. In addition, the EPR Agreements include restrictive covenants, including maximum leverage ratio and consolidated fixed charge ratio. An additional contingent interest payment would be due to EPR if, on a calendar year basis, the gross receipts from the properties securing any of the individual EPR Secured Notes (the &#x201c;Gross Receipts&#x201d;) are more than the result (the &#x201c;Interest Quotient&#x201d;) of dividing the total interest charges for the EPR Secured Notes by a specified percentage rate (the &#x201c;Additional Interest Rate&#x201d;). In such a case, the additional interest payment would equal the difference between the Gross Receipts and the Interest Quotient multiplied by the Additional Interest Rate. This calculation is made on an aggregated basis for the notes secured by the Jack Frost, Big Boulder, Boston Mills, Brandywine and Alpine Valley ski resorts, where the Additional Interest Rate is 10.0%; on a standalone basis for the note secured by the Company&#x2019;s Mount Snow ski resort, where the Additional Interest Rate is 12.0%; and on a standalone basis for the note secured by the Company&#x2019;s Hunter Mountain ski resort, where the Additional Interest Rate is 8.0%. Peak Resorts does not have the right to prepay the EPR Secured Notes. The EPR Secured Notes were recorded at their estimated fair value in conjunction with the acquisition of Peak Resorts on September 24, 2019. The EPR Agreements grant EPR certain other rights including the option to purchase &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;the Boston Mills, Brandywine, Jack Frost, Big Boulder or Alpine Valley resorts, which is exercisable no sooner than two years and no later than one year prior to the maturity dates of the applicable EPR Secured Note for such properties, with any closings to be held on the applicable maturity dates; and, if EPR exercises the purchase option, EPR will enter into an agreement with the Company for the lease of each acquired property for an initial term of 20 years, plus options to extend the lease for two additional periods of ten years each.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(f)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.01pt"&gt;The Company has recorded the outstanding debt of four Employee Housing Entities (each an &#x201c;Employee Housing Entity&#x201d; and collectively the &#x201c;Employee Housing Entities&#x201d;): Breckenridge Terrace, Tarnes, BC Housing and Tenderfoot. The proceeds of the Employee Housing Bonds were used to develop apartment complexes designated primarily for use by the Company&#x2019;s seasonal employees at its Colorado mountain resorts. The Employee Housing Bonds are variable rate, interest-only instruments with interest rates tied to SOFR plus 0% to 0.20% (5.53% to 5.73% as of July&#160;31, 2024).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Interest on the Employee Housing Bonds is paid monthly in arrears and the interest rate is adjusted weekly. No principal payments are due on the Employee Housing Bonds until maturity. Each Employee Housing Entity&#x2019;s bonds were issued in two series. The bonds for each Employee Housing Entity are backed by letters of credit issued under the Vail Holdings Credit Agreement. The table below presents the principal amounts outstanding for the Employee Housing Bonds as of July&#160;31, 2024 (in thousands):&#160;&#160;&#160;&#160;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;padding-left:18pt;text-align:justify"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.491%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:34.051%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.112%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.112%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.112%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:15.113%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Maturity&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Tranche&#160;A&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Tranche&#160;B&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Breckenridge Terrace&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2039&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,980&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19,980&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Tarnes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2039&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,000&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,410&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;BC Housing&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2027&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,100&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,600&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Tenderfoot&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2035&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,700&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,885&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,585&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,780&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,795&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;52,575&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(g)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt"&gt;On May 24, 2013, VR CPC Holdings, Inc. (&#x201c;VR CPC&#x201d;), a wholly-owned subsidiary of the Company, entered into a transaction agreement with affiliate companies of Talisker Corporation (&#x201c;Talisker&#x201d;) pursuant to which the parties entered into a master lease agreement (the &#x201c;Park City Lease&#x201d;) and certain ancillary transaction documents on May 29, 2013 related to the former stand-alone Canyons Resort (&#x201c;Canyons&#x201d;), pursuant to which the Company assumed the resort operations of the Canyons. The Park City Lease between VR CPC and Talisker has an initial term of 50 years with six 50-year renewal options. The Park City Lease provides for $25 million in annual payments, which increase each year by an inflation-linked index of CPI less 1% per annum, with a floor of 2%. Vail Resorts has guaranteed the payments under the Park City Lease. The obligation at July&#160;31, 2024 represents future lease payments for the remaining initial lease term of 50 years (including annual increases at the floor of 2%) discounted using an interest rate of 10%, and includes accumulated accreted interest expense of approximately $63.8&#160;million.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(h)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt"&gt;On August 3, 2022 in conjunction with the acquisition of Andermatt-Sedrun (see Note 7, Acquisitions), the Company assumed the New Regional Policy loan between Andermatt-Sedrun and the Canton of Uri and Canton of Graub&#xfc;nden dated June 24, 2016 (the &#x201c;NRP Loan&#x201d;), with an initial principal balance of CHF 40.0 million. Amounts outstanding under the NRP Loan bear interest at 0.63% per annum until the maturity date, which is September 30, 2036, with semi-annual required payments of principal amortization and accrued interest. In addition, the NRP Loan agreement includes restrictive covenants requiring certain minimum financial results (as defined in the agreement).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(i)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt"&gt;During the year ended July 31, 2023, the Company entered into new finance lease agreements for employee housing units at Whistler Blackcomb. The leases have a term of 20 years with no renewal options. The obligation at July&#160;31, 2024 represents future lease payments for the remaining period of the initial 20 year term of the lease (including annual increases at the floor of 3%) discounted using an interest rate of 6.95%.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(j)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt"&gt;During the year ended July 31, 2019, the Company completed two real estate sales transactions that were accounted for as financing arrangements as a result of the Company&#x2019;s continuing involvement with the underlying assets that were sold, including but not limited to, the obligation to repurchase finished commercial space from the development projects upon completion. The Company received approximately&#160;$12.8&#160;million&#160;of proceeds for these sales transactions through the year ended July&#160;31, 2024, which are reflected within long-term debt, net. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(k)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.34pt"&gt;In connection with the various business combinations, the Company estimated the acquisition date fair values of certain debt instruments assumed, and recorded any difference between such estimated fair values and the par value of debt instruments as unamortized premiums and discounts, as appropriate, which are amortized and recorded to interest expense, net on the Company&#x2019;s Consolidated Statements of Operations over the respective term of the applicable debt instruments. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Additionally, certain costs incurred with regard to the issuance of debt instruments are capitalized and included as a reduction in the net carrying value of long-term debt, net of accumulated amortization, with the exception of costs incurred related to line-of-credit arrangements, which are included in deferred charges and other assets, net of accumulated amortization. Amortization of such deferred financing costs are recorded to interest expense, net on the Company&#x2019;s Consolidated Statements of Operations over the respective term of the applicable debt instruments.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;(l)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt"&gt;Current maturities represent principal payments due in the next 12 months.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Aggregate maturities for debt outstanding, including finance lease obligations, as of July&#160;31, 2024 reflected by fiscal year are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:83.233%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,586&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2026&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;632,202&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2027&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;74,719&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;55,772&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2029&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;770,033&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Thereafter&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,190,326&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total debt&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,787,638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company recorded interest expense of $161.8 million, $153.0 million and $148.2 million for the years ended July&#160;31, 2024, 2023 and 2022, respectively, of which $6.3 million, $6.7 million and $5.9 million, respectively, was amortization of deferred financing costs. The Company was in compliance with all of its financial and operating covenants required to be maintained under its debt instruments for all periods presented.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In connection with the acquisition of Whistler Blackcomb, VHI funded a portion of the purchase price through an intercompany loan to Whistler Blackcomb, which was effective as of November 1, 2016 and&#160;requires foreign currency remeasurement to Canadian dollars, the functional currency for Whistler Blackcomb. As a result, foreign currency fluctuations associated with the loan are recorded within the Company&#x2019;s results of operations. The Company recognized approximately&#160;$4.1&#160;million, $2.9&#160;million and $2.7&#160;million of non-cash foreign currency loss on the intercompany loan to Whistler Blackcomb during the years ended July&#160;31, 2024, 2023 and 2022, respectively, on its Consolidated Statements of Operations. During the year ended July 31, 2024, Whistler Blackcomb repaid $65.0&#160;million of the outstanding principal on the intercompany loan and as of July&#160;31, 2024, the remaining balance of the intercompany loan was $32.1 million.&lt;/span&gt;&lt;/div&gt;</us-gaap:DebtDisclosureTextBlock>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-134" id="f-748">2029</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-135" decimals="-3" id="f-749" unitRef="usd">0</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-136" decimals="-3" id="f-750" unitRef="usd">0</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-137" id="f-751">2029</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-138" decimals="-3" id="f-752" unitRef="usd">959766000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-139" decimals="-3" id="f-753" unitRef="usd">1015625000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-140" id="f-754">2032</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-141" decimals="-3" id="f-755" unitRef="usd">600000000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-142" decimals="-3" id="f-756" unitRef="usd">0</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-143" id="f-757">2025</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-144" decimals="-3" id="f-758" unitRef="usd">0</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-145" decimals="-3" id="f-759" unitRef="usd">600000000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-146" id="f-760">2026</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-147" decimals="-3" id="f-761" unitRef="usd">575000000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-148" decimals="-3" id="f-762" unitRef="usd">575000000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-149" id="f-763">2028</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-150" decimals="-3" id="f-764" unitRef="usd">0</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-151" decimals="-3" id="f-765" unitRef="usd">0</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-152" id="f-766">2034</mtn:DebtInstrumentYearofMaturity>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-153" id="f-767">2036</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-72" decimals="-3" id="f-768" unitRef="usd">114162000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-154" decimals="-3" id="f-769" unitRef="usd">114162000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-155" id="f-770">2027</mtn:DebtInstrumentYearofMaturity>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-156" id="f-771">2039</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-157" decimals="-3" id="f-772" unitRef="usd">52575000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-158" decimals="-3" id="f-773" unitRef="usd">52575000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-159" id="f-774">2063</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-124" decimals="-3" id="f-775" unitRef="usd">369143000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-125" decimals="-3" id="f-776" unitRef="usd">363386000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-160" id="f-777">2036</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-161" decimals="-3" id="f-778" unitRef="usd">37088000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-162" decimals="-3" id="f-779" unitRef="usd">40399000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-163" id="f-780">2042</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-164" decimals="-3" id="f-781" unitRef="usd">27887000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-165" decimals="-3" id="f-782" unitRef="usd">29491000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-166" id="f-783">2024</mtn:DebtInstrumentYearofMaturity>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-167" id="f-784">2037</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-168" decimals="-3" id="f-785" unitRef="usd">52017000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-169" decimals="-3" id="f-786" unitRef="usd">35011000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-4" decimals="-3" id="f-787" unitRef="usd">2787638000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-5" decimals="-3" id="f-788" unitRef="usd">2825649000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet contextRef="c-4" decimals="-3" id="f-789" unitRef="usd">8888000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet contextRef="c-5" decimals="-3" id="f-790" unitRef="usd">5814000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet>
    <us-gaap:LongTermDebtCurrent contextRef="c-4" decimals="-3" id="f-791" unitRef="usd">57153000</us-gaap:LongTermDebtCurrent>
    <us-gaap:LongTermDebtCurrent contextRef="c-5" decimals="-3" id="f-792" unitRef="usd">69160000</us-gaap:LongTermDebtCurrent>
    <us-gaap:LongTermDebtNoncurrent contextRef="c-4" decimals="-3" id="f-793" unitRef="usd">2721597000</us-gaap:LongTermDebtNoncurrent>
    <us-gaap:LongTermDebtNoncurrent contextRef="c-5" decimals="-3" id="f-794" unitRef="usd">2750675000</us-gaap:LongTermDebtNoncurrent>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="c-135" decimals="-5" id="f-795" unitRef="usd">500000000.0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:LineOfCredit contextRef="c-4" decimals="-5" id="f-796" unitRef="usd">959800000</us-gaap:LineOfCredit>
    <us-gaap:DebtInstrumentPeriodicPayment contextRef="c-137" decimals="-5" id="f-797" unitRef="usd">12300000</us-gaap:DebtInstrumentPeriodicPayment>
    <us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
      contextRef="c-134"
      decimals="INF"
      id="f-798"
      unitRef="number">0.0160</us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-138" decimals="4" id="f-799" unitRef="number">0.0694</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:DebtInstrumentUnusedBorrowingCapacityFee contextRef="c-1" decimals="4" id="f-800" unitRef="usd">0.0030</us-gaap:DebtInstrumentUnusedBorrowingCapacityFee>
    <mtn:MtnInterestRateSwapNotionalAmount contextRef="c-4" decimals="-6" id="f-801" unitRef="usd">400000000</mtn:MtnInterestRateSwapNotionalAmount>
    <us-gaap:DerivativeFixedInterestRate contextRef="c-4" decimals="4" id="f-802" unitRef="number">0.0138</us-gaap:DerivativeFixedInterestRate>
    <us-gaap:ProceedsFromUnsecuredNotesPayable contextRef="c-1" decimals="-6" id="f-803" unitRef="usd">600000000</us-gaap:ProceedsFromUnsecuredNotesPayable>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="c-170" decimals="-5" id="f-804" unitRef="usd">600000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-141" decimals="3" id="f-805" unitRef="number">0.0650</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="c-170" decimals="-5" id="f-806" unitRef="usd">600000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:DebtInstrumentConvertibleConversionPrice1
      contextRef="c-171"
      decimals="2"
      id="f-807"
      unitRef="usdPerShare">407.17</us-gaap:DebtInstrumentConvertibleConversionPrice1>
    <us-gaap:DebtInstrumentConvertibleConversionPrice1
      contextRef="c-147"
      decimals="2"
      id="f-808"
      unitRef="usdPerShare">369.35</us-gaap:DebtInstrumentConvertibleConversionPrice1>
    <us-gaap:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger contextRef="c-172" decimals="1" id="f-809" unitRef="number">1.30</us-gaap:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger>
    <us-gaap:DebtInstrumentConvertibleThresholdTradingDays contextRef="c-172" decimals="0" id="f-810" unitRef="d">20</us-gaap:DebtInstrumentConvertibleThresholdTradingDays>
    <us-gaap:DebtInstrumentConvertibleThresholdConsecutiveTradingDays1 contextRef="c-172" decimals="0" id="f-811" unitRef="d">30</us-gaap:DebtInstrumentConvertibleThresholdConsecutiveTradingDays1>
    <mtn:DebtInstrumentConvertibleMeasurementPeriod contextRef="c-172" decimals="0" id="f-812" unitRef="d">10</mtn:DebtInstrumentConvertibleMeasurementPeriod>
    <mtn:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1 contextRef="c-172" decimals="0" id="f-813" unitRef="number">98</mtn:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger1>
    <us-gaap:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger contextRef="c-172" decimals="1" id="f-814" unitRef="number">1.30</us-gaap:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger>
    <mtn:ConvertibleDebtPartialRedemptionMinimumRemainingBalance contextRef="c-4" decimals="-5" id="f-815" unitRef="usd">50000000</mtn:ConvertibleDebtPartialRedemptionMinimumRemainingBalance>
    <us-gaap:LongTermDebtFairValue contextRef="c-147" decimals="-3" id="f-816" unitRef="usd">465300000</us-gaap:LongTermDebtFairValue>
    <us-gaap:DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent contextRef="c-147" decimals="-3" id="f-817" unitRef="usd">109700000</us-gaap:DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent>
    <us-gaap:DebtInstrumentUnamortizedDiscountPremiumNet contextRef="c-147" decimals="-5" id="f-818" unitRef="usd">76700000</us-gaap:DebtInstrumentUnamortizedDiscountPremiumNet>
    <us-gaap:DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent contextRef="c-147" decimals="-3" id="f-819" unitRef="usd">109700000</us-gaap:DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent>
    <us-gaap:DebtInstrumentFaceAmount contextRef="c-147" decimals="-3" id="f-820" unitRef="usd">575000000</us-gaap:DebtInstrumentFaceAmount>
    <us-gaap:AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature contextRef="c-1" decimals="-3" id="f-821" unitRef="usd">27500000</us-gaap:AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature>
    <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="c-150" decimals="-6" id="f-822" unitRef="usd">300000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
    <us-gaap:LineOfCreditFacilityInitiationDate1 contextRef="c-149" id="f-823">2013-11-12</us-gaap:LineOfCreditFacilityInitiationDate1>
    <us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage contextRef="c-149" decimals="6" id="f-824" unitRef="number">0.0039</us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage>
    <us-gaap:LongTermDebt contextRef="c-173" decimals="-5" id="f-825" unitRef="usd">4600000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-173" decimals="4" id="f-826" unitRef="number">0.1190</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:LongTermDebt contextRef="c-174" decimals="-5" id="f-827" unitRef="usd">23300000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-174" decimals="4" id="f-828" unitRef="number">0.1141</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:LongTermDebt contextRef="c-175" decimals="-5" id="f-829" unitRef="usd">14300000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-175" decimals="4" id="f-830" unitRef="number">0.1141</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:LongTermDebt contextRef="c-176" decimals="-5" id="f-831" unitRef="usd">51100000</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-176" decimals="4" id="f-832" unitRef="number">0.1250</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <us-gaap:LongTermDebt contextRef="c-177" decimals="-5" id="f-833" unitRef="usd">21000000.0</us-gaap:LongTermDebt>
    <us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="c-177" decimals="4" id="f-834" unitRef="number">0.0919</us-gaap:DebtInstrumentInterestRateStatedPercentage>
    <mtn:AnnualInterestRateIncreaseCap
      contextRef="c-178"
      decimals="INF"
      id="f-835"
      unitRef="number">0.0175</mtn:AnnualInterestRateIncreaseCap>
    <mtn:AnnualInterestRateIncreaseCap
      contextRef="c-179"
      decimals="INF"
      id="f-836"
      unitRef="number">0.0150</mtn:AnnualInterestRateIncreaseCap>
    <mtn:EPRAdditionalInterestRate contextRef="c-180" decimals="2" id="f-837" unitRef="number">0.100</mtn:EPRAdditionalInterestRate>
    <mtn:EPRAdditionalInterestRate contextRef="c-181" decimals="2" id="f-838" unitRef="number">0.120</mtn:EPRAdditionalInterestRate>
    <mtn:EPRAdditionalInterestRate contextRef="c-182" decimals="2" id="f-839" unitRef="number">0.080</mtn:EPRAdditionalInterestRate>
    <us-gaap:DebtInstrumentDescriptionOfVariableRateBasis contextRef="c-183" id="f-840">SOFR plus 0% to 0.20%</us-gaap:DebtInstrumentDescriptionOfVariableRateBasis>
    <us-gaap:DebtInstrumentInterestRateDuringPeriod
      contextRef="c-155"
      decimals="INF"
      id="f-841"
      unitRef="number">0.0553</us-gaap:DebtInstrumentInterestRateDuringPeriod>
    <us-gaap:DebtInstrumentInterestRateDuringPeriod
      contextRef="c-156"
      decimals="INF"
      id="f-842"
      unitRef="number">0.0573</us-gaap:DebtInstrumentInterestRateDuringPeriod>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-184" id="f-843">2039</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-185" decimals="-3" id="f-844" unitRef="usd">14980000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-186" decimals="-3" id="f-845" unitRef="usd">5000000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-187" decimals="-3" id="f-846" unitRef="usd">19980000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-188" id="f-847">2039</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-189" decimals="-3" id="f-848" unitRef="usd">8000000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-190" decimals="-3" id="f-849" unitRef="usd">2410000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-191" decimals="-3" id="f-850" unitRef="usd">10410000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-192" id="f-851">2027</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-193" decimals="-3" id="f-852" unitRef="usd">9100000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-194" decimals="-3" id="f-853" unitRef="usd">1500000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-195" decimals="-3" id="f-854" unitRef="usd">10600000</us-gaap:LongTermDebt>
    <mtn:DebtInstrumentYearofMaturity contextRef="c-196" id="f-855">2035</mtn:DebtInstrumentYearofMaturity>
    <us-gaap:LongTermDebt contextRef="c-197" decimals="-3" id="f-856" unitRef="usd">5700000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-198" decimals="-3" id="f-857" unitRef="usd">5885000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-199" decimals="-3" id="f-858" unitRef="usd">11585000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-200" decimals="-3" id="f-859" unitRef="usd">37780000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-201" decimals="-3" id="f-860" unitRef="usd">14795000</us-gaap:LongTermDebt>
    <us-gaap:LongTermDebt contextRef="c-157" decimals="-3" id="f-861" unitRef="usd">52575000</us-gaap:LongTermDebt>
    <us-gaap:BusinessAcquisitionEffectiveDateOfAcquisition1 contextRef="c-202" id="f-862">2013-05-24</us-gaap:BusinessAcquisitionEffectiveDateOfAcquisition1>
    <mtn:InitialCapitalLeaseTerm contextRef="c-203" id="f-863">May 29, 2013</mtn:InitialCapitalLeaseTerm>
    <mtn:InitialCapitalLeaseTerm contextRef="c-202" id="f-864">50 years</mtn:InitialCapitalLeaseTerm>
    <mtn:OptionalLeaseRenewalTerm contextRef="c-202" id="f-865">six 50-year renewal options</mtn:OptionalLeaseRenewalTerm>
    <mtn:MinimumCapitalLeasePaymentAnnual contextRef="c-202" decimals="-6" id="f-866" unitRef="usd">25000000</mtn:MinimumCapitalLeasePaymentAnnual>
    <mtn:AdjustmentsToCapitalLeaseAnnualPayments contextRef="c-202" id="f-867">inflation-linked index of CPI less 1% per annum, with a floor of 2%</mtn:AdjustmentsToCapitalLeaseAnnualPayments>
    <mtn:InitialCapitalLeaseTerm contextRef="c-202" id="f-868">50 years</mtn:InitialCapitalLeaseTerm>
    <us-gaap:DebtInstrumentInterestRateEffectivePercentage
      contextRef="c-204"
      decimals="INF"
      id="f-869"
      unitRef="number">0.10</us-gaap:DebtInstrumentInterestRateEffectivePercentage>
    <us-gaap:AccretionExpense contextRef="c-205" decimals="5" id="f-870" unitRef="usd">63800000</us-gaap:AccretionExpense>
    <mtn:InitialCapitalLeaseTerm contextRef="c-206" id="f-871">20 years</mtn:InitialCapitalLeaseTerm>
    <mtn:InitialCapitalLeaseTerm contextRef="c-207" id="f-872">20 year term</mtn:InitialCapitalLeaseTerm>
    <us-gaap:DebtInstrumentInterestRateEffectivePercentage
      contextRef="c-208"
      decimals="INF"
      id="f-873"
      unitRef="number">6.95</us-gaap:DebtInstrumentInterestRateEffectivePercentage>
    <us-gaap:SaleLeasebackTransactionHistoricalCost contextRef="c-4" decimals="-5" id="f-874" unitRef="usd">12800000</us-gaap:SaleLeasebackTransactionHistoricalCost>
    <us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock contextRef="c-1" id="f-875">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Aggregate maturities for debt outstanding, including finance lease obligations, as of July&#160;31, 2024 reflected by fiscal year are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:83.233%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2025&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,586&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2026&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;632,202&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2027&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;74,719&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2028&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;55,772&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2029&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;770,033&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Thereafter&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,190,326&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total debt&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,787,638&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock>
    <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths contextRef="c-4" decimals="-3" id="f-876" unitRef="usd">64586000</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths>
    <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo contextRef="c-4" decimals="-3" id="f-877" unitRef="usd">632202000</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo>
    <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree contextRef="c-4" decimals="-3" id="f-878" unitRef="usd">74719000</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree>
    <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour contextRef="c-4" decimals="-3" id="f-879" unitRef="usd">55772000</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour>
    <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive contextRef="c-4" decimals="-3" id="f-880" unitRef="usd">770033000</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive>
    <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive contextRef="c-4" decimals="-3" id="f-881" unitRef="usd">1190326000</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive>
    <us-gaap:LongTermDebt contextRef="c-4" decimals="-3" id="f-882" unitRef="usd">2787638000</us-gaap:LongTermDebt>
    <us-gaap:InterestExpenseDebt contextRef="c-1" decimals="-5" id="f-883" unitRef="usd">161800000</us-gaap:InterestExpenseDebt>
    <us-gaap:InterestExpenseDebt contextRef="c-6" decimals="-5" id="f-884" unitRef="usd">153000000.0</us-gaap:InterestExpenseDebt>
    <us-gaap:InterestExpenseDebt contextRef="c-7" decimals="-5" id="f-885" unitRef="usd">148200000</us-gaap:InterestExpenseDebt>
    <us-gaap:AmortizationOfFinancingCosts contextRef="c-1" decimals="-5" id="f-886" unitRef="usd">6300000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts contextRef="c-6" decimals="-5" id="f-887" unitRef="usd">6700000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:AmortizationOfFinancingCosts contextRef="c-7" decimals="-5" id="f-888" unitRef="usd">5900000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="c-1" decimals="-5" id="f-889" unitRef="usd">-4100000</us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
    <us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="c-6" decimals="-5" id="f-890" unitRef="usd">-2900000</us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
    <us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="c-7" decimals="-5" id="f-891" unitRef="usd">-2700000</us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
    <us-gaap:RepaymentsOfNotesPayable contextRef="c-1" decimals="-5" id="f-892" unitRef="usd">65000000</us-gaap:RepaymentsOfNotesPayable>
    <us-gaap:IntercompanyForeignCurrencyBalanceAmount contextRef="c-4" decimals="-5" id="f-893" unitRef="usd">32100000</us-gaap:IntercompanyForeignCurrencyBalanceAmount>
    <us-gaap:BusinessCombinationDisclosureTextBlock contextRef="c-1" id="f-894">Acquisitions&lt;div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Crans-Montana Mountain Resort&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;On May 2, 2024, the Company acquired Crans-Montana in Switzerland from CPI Property Group (&#x201c;CPIPG&#x201d;). The Company acquired (i) an approximate 84% ownership stake in Romont&#xe9;es M&#xe9;caniques Crans Montana Aminona SA (&#x201c;CMA&#x201d;), which controls and operates all of the lifts and supporting mountain operations, including four retail and rental locations; (ii) 100% ownership of SportLife AG, which operates one of the ski schools located at the resort; and (iii) 100% ownership of 11 restaurants located on and around the mountain. The acquisition was funded with cash on hand. As of May 2, 2024 the total fair value of the consideration paid was $106.8 million (CHF&#160;97.2&#160;million).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Portions of the Crans-Montana resort operations are conducted on land owned by third parties via numerous registered easements, building rights (which may be subject to federal concessions), or other agreements. The municipality of Crans-Montana, the municipality of Lens and CPIPG collectively retained in total an approximate 16% ownership stake in CMA. The Company entered into a shareholders&#x2019; agreement with the municipalities of Crans-Montana and Lens (the &#x201c;Crans Agreement&#x201d;) for an initial fixed term until December 31, 2035. Thereafter, the Crans Agreement shall continue to be in effect for successive renewal periods of ten years unless terminated by either the Company or the municipalities acting jointly. The Crans Agreement provides for various terms and conditions in relation to the election and governance of the board of directors, company policies, dividends, financial aspects and related matters. The noncontrolling shares may be traded without restriction.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:84.280%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:13.520%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Acquisition Date Estimated Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total cash consideration paid by Vail Resorts, Inc.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;106,809&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Estimated fair value of noncontrolling interests&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,084&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total estimated purchase consideration&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;120,893&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%"&gt;Allocation of total estimated purchase consideration:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Current assets&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,207&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Property, plant and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,232&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,796&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Identifiable intangible assets and other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,262&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(25,604)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net assets acquired&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;120,893&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Identifiable intangible assets acquired in the transaction were primarily related to a trade name. The process of estimating the fair value of the property, plant, and equipment includes the use of certain estimates and assumptions related to replacement cost and physical condition at the time of acquisition. The excess of the purchase price over the aggregate estimated fair values of the assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected synergies, the assembled workforce of the resort and other factors, and is not expected to be deductible for income tax purposes. The operating results of Crans-Montana are reported within the Mountain segment prospectively from the date of acquisition. The Company recognized $6.9&#160;million of acquisition related expenses associated with the transaction within Mountain operating expense on its Consolidated Statement of Operations for the year ended July 31, 2024. The operating results of the acquired resort is reported within the Mountain segment prospectively from the date of acquisition.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;text-align:justify"&gt;&lt;span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The estimated fair values of assets acquired and liabilities assumed in the acquisition of Crans-Montana are preliminary and are based on the information that was available as of the acquisition date. The Company believes that this information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed; however, the Company may obtain additional information necessary to finalize those estimated fair values. Therefore, the preliminary measurements of estimated fair values reflected are subject to change. The Company expects to finalize the valuation and complete the purchase consideration allocation no later than one year from the acquisition date.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Andermatt-Sedrun&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;On August 3, 2022, through a wholly-owned subsidiary, the Company acquired a 55% controlling interest in Andermatt-Sedrun from Andermatt Swiss Alps AG (&#x201c;ASA&#x201d;). The consideration paid consisted of an investment of $114.4&#160;million (CHF&#160;110.0&#160;million) into Andermatt-Sedrun for use in capital investments to enhance the guest experience on mountain (which was prepaid to fund the acquisition and was recorded in other current assets on the Company&#x2019;s Consolidated Balance Sheet as of July 31, 2022) and $41.3&#160;million (CHF&#160;39.3&#160;million) paid to ASA (which was paid on August 3, 2022, commensurate with closing). As of August 3, 2022 the total fair value of the consideration paid was $155.4&#160;million (CHF&#160;149.3&#160;million).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Andermatt-Sedrun operates mountain and ski-related assets, including lifts, most of the restaurants and a ski school operation at the ski area. Ski operations are conducted on land owned by ASA as freehold or leasehold properties, land owned by Usern Corporation, land owned by the municipality of Tujetsch and land owned by private property owners. ASA retained a 40% ownership stake, with a group of existing shareholders comprising the remaining 5% ownership stake. ASA and the other noncontrolling economic interests contain certain protective rights pursuant to a shareholder agreement (the &#x201c;Andermatt Agreement&#x201d;) and no ability to participate in the day-to-day operations of Andermatt-Sedrun. The Andermatt Agreement provides that no dividend distributions be made by Andermatt-Sedrun until the end of the fiscal year ending July 31, 2026, after which time there shall be annual distributions of 50% of the available cash (as defined in the Andermatt Agreement) for the most recently completed fiscal year.&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt; &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In addition, the distribution rights are non-transferable and transfer of the noncontrolling interests are limited.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:84.280%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:13.520%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Acquisition Date Estimated Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total cash consideration paid by Vail Resorts, Inc.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;155,365&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Estimated fair value of noncontrolling interests&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;91,524&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total estimated purchase consideration&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;246,889&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%"&gt;Allocation of total estimated purchase consideration:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Current assets&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;119,867&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Property, plant and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176,805&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Identifiable intangible assets and other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,476&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Assumed long-term debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(44,130)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(16,497)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net assets acquired&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;246,889&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Identifiable intangible assets acquired in the transaction were primarily related to a trade name. The process of estimating the fair value of the property, plant, and equipment includes the use of certain estimates and assumptions related to replacement cost and physical condition at the time of acquisition. The excess of the purchase price over the aggregate estimated fair values of the assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected synergies, the assembled workforce of the resort and other factors, and is not expected to be deductible for income tax purposes. The operating results of Andermatt-Sedrun are reported within the Mountain segment prospectively from the date of acquisition.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"&gt;Seven Springs Mountain Resort, Hidden Valley Resort &amp;amp; Laurel Mountain Ski Area&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;On December 31, 2021, the Company, through a wholly-owned subsidiary, acquired Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area in Pennsylvania (collectively, the &#x201c;Seven Springs Resorts&#x201d;) from Seven Springs Mountain Resort, Inc. and its affiliates for a cash purchase price of approximately $116.5&#160;million, after adjustments for certain agreed-upon terms, which the Company funded with cash on hand. The acquisition included the mountain operations of the resorts, including base area skier services (food and beverage, retail and rental, lift ticket offices and ski and snowboard school facilities), as well as a hotel, conference center and other related operations.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:84.280%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:13.520%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Acquisition Date Estimated Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Current assets&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,932&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Property, plant and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;118,415&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,041&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Identifiable intangible assets and other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,335&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(15,222)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net assets acquired&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;116,501&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Identifiable intangible assets acquired in the transaction were primarily related to advanced lodging bookings and trade names. The process of estimating the fair value of the property, plant, and equipment includes the use of certain estimates and assumptions related to replacement cost and physical condition at the time of acquisition. The excess of the purchase price over the aggregate estimated fair values of the assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected synergies, the assembled workforce of the resorts and other factors, and is not expected to be deductible for income tax purposes. The Company recognized $2.8&#160;million of acquisition related expenses associated with the transaction within Mountain and Lodging operating expense on its Consolidated Statement of Operations for the year ended July 31, 2022. The operating results of the acquired resorts are reported within the Mountain and Lodging segments prospectively from the date of acquisition.&lt;/span&gt;&lt;/div&gt;</us-gaap:BusinessCombinationDisclosureTextBlock>
    <us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired contextRef="c-209" decimals="2" id="f-895" unitRef="number">0.84</us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired>
    <us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="c-210" decimals="-5" id="f-896" unitRef="usd">106800000</us-gaap:BusinessCombinationConsiderationTransferred1>
    <us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="c-210" decimals="-3" id="f-897" unitRef="chf">97200000</us-gaap:BusinessCombinationConsiderationTransferred1>
    <us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock contextRef="c-210" id="f-898">&lt;div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following summarizes the purchase consideration and the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:84.280%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:13.520%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Acquisition Date Estimated Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total cash consideration paid by Vail Resorts, Inc.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;106,809&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Estimated fair value of noncontrolling interests&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,084&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total estimated purchase consideration&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;120,893&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%"&gt;Allocation of total estimated purchase consideration:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Current assets&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,207&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Property, plant and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;114,232&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,796&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Identifiable intangible assets and other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,262&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(25,604)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net assets acquired&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;120,893&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock>
    <us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="c-210" decimals="-3" id="f-899" unitRef="usd">106809000</us-gaap:BusinessCombinationConsiderationTransferred1>
    <us-gaap:BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue contextRef="c-211" decimals="-3" id="f-900" unitRef="usd">14084000</us-gaap:BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue>
    <us-gaap:BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1 contextRef="c-212" decimals="-3" id="f-901" unitRef="usd">120893000</us-gaap:BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets contextRef="c-211" decimals="-3" id="f-902" unitRef="usd">21207000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment contextRef="c-211" decimals="-3" id="f-903" unitRef="usd">114232000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment>
    <us-gaap:GoodwillAcquiredDuringPeriod contextRef="c-212" decimals="-3" id="f-904" unitRef="usd">2796000</us-gaap:GoodwillAcquiredDuringPeriod>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill contextRef="c-211" decimals="-3" id="f-905" unitRef="usd">8262000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill>
    <us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized contextRef="c-211" decimals="-3" id="f-906" unitRef="usd">25604000</us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities contextRef="c-211" decimals="-3" id="f-907" unitRef="usd">120893000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities>
    <us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed contextRef="c-213" decimals="-5" id="f-908" unitRef="usd">6900000</us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed>
    <us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired contextRef="c-214" decimals="2" id="f-909" unitRef="number">0.55</us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired>
    <mtn:BusinessCombinationDeposits contextRef="c-215" decimals="-5" id="f-910" unitRef="usd">114400000</mtn:BusinessCombinationDeposits>
    <mtn:BusinessCombinationDeposits contextRef="c-215" decimals="-6" id="f-911" unitRef="chf">110000000</mtn:BusinessCombinationDeposits>
    <mtn:MtnBusinessCombinationRemainderPayment contextRef="c-214" decimals="-5" id="f-912" unitRef="usd">41300000</mtn:MtnBusinessCombinationRemainderPayment>
    <mtn:MtnBusinessCombinationRemainderPayment contextRef="c-214" decimals="-5" id="f-913" unitRef="chf">39300000</mtn:MtnBusinessCombinationRemainderPayment>
    <us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="c-216" decimals="-5" id="f-914" unitRef="usd">155400000</us-gaap:BusinessCombinationConsiderationTransferred1>
    <us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="c-216" decimals="-5" id="f-915" unitRef="chf">149300000</us-gaap:BusinessCombinationConsiderationTransferred1>
    <us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock contextRef="c-216" id="f-916">&lt;div style="margin-bottom:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:84.280%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:13.520%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Acquisition Date Estimated Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total cash consideration paid by Vail Resorts, Inc.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;155,365&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Estimated fair value of noncontrolling interests&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;91,524&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total estimated purchase consideration&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;246,889&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%"&gt;Allocation of total estimated purchase consideration:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Current assets&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;119,867&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Property, plant and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176,805&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Identifiable intangible assets and other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;7,476&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Assumed long-term debt&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(44,130)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(16,497)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net assets acquired&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;246,889&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock>
    <us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="c-216" decimals="-3" id="f-917" unitRef="usd">155365000</us-gaap:BusinessCombinationConsiderationTransferred1>
    <us-gaap:BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue contextRef="c-217" decimals="-3" id="f-918" unitRef="usd">91524000</us-gaap:BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue>
    <us-gaap:BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1 contextRef="c-218" decimals="-3" id="f-919" unitRef="usd">246889000</us-gaap:BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets contextRef="c-217" decimals="-3" id="f-920" unitRef="usd">119867000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment contextRef="c-217" decimals="-3" id="f-921" unitRef="usd">176805000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment>
    <us-gaap:GoodwillAcquiredDuringPeriod contextRef="c-218" decimals="-3" id="f-922" unitRef="usd">3368000</us-gaap:GoodwillAcquiredDuringPeriod>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill contextRef="c-217" decimals="-3" id="f-923" unitRef="usd">7476000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt contextRef="c-217" decimals="-3" id="f-924" unitRef="usd">44130000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities contextRef="c-217" decimals="-3" id="f-925" unitRef="usd">16497000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet contextRef="c-217" decimals="-3" id="f-926" unitRef="usd">246889000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet>
    <us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="c-219" decimals="-5" id="f-927" unitRef="usd">116500000</us-gaap:BusinessCombinationConsiderationTransferred1>
    <us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock contextRef="c-219" id="f-928">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following summarizes the purchase consideration and the purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the date the transaction was effective (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:84.280%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:13.520%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Acquisition Date Estimated Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Current assets&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,932&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Property, plant and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;118,415&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,041&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Identifiable intangible assets and other assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,335&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(15,222)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net assets acquired&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;116,501&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables contextRef="c-220" decimals="-3" id="f-929" unitRef="usd">2932000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment contextRef="c-220" decimals="-3" id="f-930" unitRef="usd">118415000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment>
    <us-gaap:GoodwillAcquiredDuringPeriod contextRef="c-213" decimals="-3" id="f-931" unitRef="usd">5041000</us-gaap:GoodwillAcquiredDuringPeriod>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill contextRef="c-220" decimals="-3" id="f-932" unitRef="usd">5335000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities contextRef="c-220" decimals="-3" id="f-933" unitRef="usd">15222000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities>
    <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet contextRef="c-220" decimals="-3" id="f-934" unitRef="usd">116501000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet>
    <us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed contextRef="c-221" decimals="-5" id="f-935" unitRef="usd">2800000</us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed>
    <us-gaap:SupplementalBalanceSheetDisclosuresTextBlock contextRef="c-1" id="f-936">Supplementary Balance Sheet Information&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The composition of other current assets follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Prepaid expenses&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;51,519&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,218&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,039&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;78,185&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other current assets&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;79,558&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;121,403&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The composition of property, plant and equipment, including finance lease assets, follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Land and land improvements&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;804,287&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;796,730&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Buildings and building improvements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,682,734&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,643,517&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Machinery and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,984,549&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,792,378&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Furniture and fixtures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;316,510&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;298,725&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Software&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;161,502&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;152,033&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vehicles&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;91,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;87,298&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Construction in progress&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;116,872&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;134,113&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross property, plant and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,158,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,904,794&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated depreciation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,735,770)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,533,237)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Property, plant and equipment, net&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,422,635&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,371,557&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Depreciation expense, which included depreciation of assets recorded under finance leases, for the years ended July&#160;31, 2024, 2023 and 2022 totaled $271.8 million, $263.4 million and $247.2 million, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table summarizes the composition of property, plant and equipment recorded under finance leases as of July&#160;31, 2024 and 2023 (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Land&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,818&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,818&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Land improvements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;49,228&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;49,228&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Buildings and building improvements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;70,310&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;70,917&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Machinery and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;85,416&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;71,527&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross property, plant and equipment&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;236,772&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;223,490&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated depreciation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(107,740)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(96,257)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Property, plant and equipment, net&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;129,032&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;127,233&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The composition of goodwill and intangible assets follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%"&gt;Goodwill&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,721,017&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,763,386&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated impairments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(25,688)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(25,688)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,354)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,354)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill, net&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,677,975&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,720,344&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%"&gt;Indefinite-lived intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trademarks&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;235,858&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;237,921&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41,081&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41,224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total gross indefinite-lived intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;276,939&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;279,145&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(24,751)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(24,713)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Indefinite-lived intangible assets, net&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;252,188&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;254,432&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%"&gt;Amortizable intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trademarks&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,008&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,008&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;71,198&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;71,570&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total gross amortizable intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;109,206&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;109,578&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(58,859)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(54,665)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortizable intangible assets, net&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;50,347&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;54,913&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total gross intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;386,145&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;388,723&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total accumulated amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(83,610)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(79,378)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total intangible assets, net&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;302,535&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;309,345&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Amortization expense for intangible assets subject to amortization for the years ended July&#160;31, 2024, 2023 and 2022 totaled $4.7 million, $5.1 million and $5.2 million, respectively, and is estimated to be approximately&#160;$2.6 million annually, on average, for the next five fiscal years.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The changes in the net carrying amount of goodwill allocated between the Company&#x2019;s segments for the years ended July&#160;31, 2024 and 2023 are as follows (in thousands): &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Mountain &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Lodging &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Goodwill,&#160;net &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance at July 31, 2022&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,709,922&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,006&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,754,928&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Acquisition (including measurement period adjustments)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Disposal of retail and rental stores &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,975)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,975)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Effects of changes in foreign currency exchange rates&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(31,977)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(31,977)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance at July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,675,338&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,006&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,720,344&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Acquisition&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,796&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,796&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Effects of changes in foreign currency exchange rates&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(45,165)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(45,165)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,632,969&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,006&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,677,975&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; During the year ended July 31, 2023, the Company completed a sale of five retail and rental stores in Telluride, Colorado to an unrelated party for cash, which the Company determined constituted the sale of a business.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The composition of accounts payable and accrued liabilities follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trade payables&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,246&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;148,521&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;575,766&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;572,602&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued salaries, wages and deferred compensation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,269&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,908&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued benefits&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;60,940&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;60,466&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deposits&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,798&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,611&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;36,904&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other accruals&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;102,467&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;82,822&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total accounts payable and accrued liabilities&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,000,798&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;978,021&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:SupplementalBalanceSheetDisclosuresTextBlock>
    <us-gaap:OtherCurrentAssetsTextBlock contextRef="c-1" id="f-937">&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The composition of other current assets follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Prepaid expenses&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;51,519&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,218&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,039&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;78,185&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other current assets&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;79,558&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;121,403&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OtherCurrentAssetsTextBlock>
    <us-gaap:PrepaidExpenseCurrent contextRef="c-4" decimals="-3" id="f-938" unitRef="usd">51519000</us-gaap:PrepaidExpenseCurrent>
    <us-gaap:PrepaidExpenseCurrent contextRef="c-5" decimals="-3" id="f-939" unitRef="usd">43218000</us-gaap:PrepaidExpenseCurrent>
    <us-gaap:OtherAssetsMiscellaneousCurrent contextRef="c-4" decimals="-3" id="f-940" unitRef="usd">28039000</us-gaap:OtherAssetsMiscellaneousCurrent>
    <us-gaap:OtherAssetsMiscellaneousCurrent contextRef="c-5" decimals="-3" id="f-941" unitRef="usd">78185000</us-gaap:OtherAssetsMiscellaneousCurrent>
    <us-gaap:OtherAssetsCurrent contextRef="c-4" decimals="-3" id="f-942" unitRef="usd">79558000</us-gaap:OtherAssetsCurrent>
    <us-gaap:OtherAssetsCurrent contextRef="c-5" decimals="-3" id="f-943" unitRef="usd">121403000</us-gaap:OtherAssetsCurrent>
    <us-gaap:PropertyPlantAndEquipmentTextBlock contextRef="c-1" id="f-944">&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The composition of property, plant and equipment, including finance lease assets, follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Land and land improvements&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;804,287&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;796,730&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Buildings and building improvements&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,682,734&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,643,517&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Machinery and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,984,549&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,792,378&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Furniture and fixtures&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;316,510&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;298,725&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Software&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;161,502&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;152,033&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vehicles&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;91,951&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;87,298&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Construction in progress&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;116,872&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;134,113&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gross property, plant and equipment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,158,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,904,794&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated depreciation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,735,770)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(2,533,237)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Property, plant and equipment, net&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,422,635&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,371,557&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentTextBlock>
    <mtn:LandAndLandImprovementsGross contextRef="c-4" decimals="-3" id="f-945" unitRef="usd">804287000</mtn:LandAndLandImprovementsGross>
    <mtn:LandAndLandImprovementsGross contextRef="c-5" decimals="-3" id="f-946" unitRef="usd">796730000</mtn:LandAndLandImprovementsGross>
    <us-gaap:BuildingsAndImprovementsGross contextRef="c-4" decimals="-3" id="f-947" unitRef="usd">1682734000</us-gaap:BuildingsAndImprovementsGross>
    <us-gaap:BuildingsAndImprovementsGross contextRef="c-5" decimals="-3" id="f-948" unitRef="usd">1643517000</us-gaap:BuildingsAndImprovementsGross>
    <us-gaap:MachineryAndEquipmentGross contextRef="c-4" decimals="-3" id="f-949" unitRef="usd">1984549000</us-gaap:MachineryAndEquipmentGross>
    <us-gaap:MachineryAndEquipmentGross contextRef="c-5" decimals="-3" id="f-950" unitRef="usd">1792378000</us-gaap:MachineryAndEquipmentGross>
    <us-gaap:FurnitureAndFixturesGross contextRef="c-4" decimals="-3" id="f-951" unitRef="usd">316510000</us-gaap:FurnitureAndFixturesGross>
    <us-gaap:FurnitureAndFixturesGross contextRef="c-5" decimals="-3" id="f-952" unitRef="usd">298725000</us-gaap:FurnitureAndFixturesGross>
    <us-gaap:CapitalizedComputerSoftwareGross contextRef="c-4" decimals="-3" id="f-953" unitRef="usd">161502000</us-gaap:CapitalizedComputerSoftwareGross>
    <us-gaap:CapitalizedComputerSoftwareGross contextRef="c-5" decimals="-3" id="f-954" unitRef="usd">152033000</us-gaap:CapitalizedComputerSoftwareGross>
    <mtn:VehiclesGross contextRef="c-4" decimals="-3" id="f-955" unitRef="usd">91951000</mtn:VehiclesGross>
    <mtn:VehiclesGross contextRef="c-5" decimals="-3" id="f-956" unitRef="usd">87298000</mtn:VehiclesGross>
    <us-gaap:ConstructionInProgressGross contextRef="c-4" decimals="-3" id="f-957" unitRef="usd">116872000</us-gaap:ConstructionInProgressGross>
    <us-gaap:ConstructionInProgressGross contextRef="c-5" decimals="-3" id="f-958" unitRef="usd">134113000</us-gaap:ConstructionInProgressGross>
    <us-gaap:PropertyPlantAndEquipmentGross contextRef="c-4" decimals="-3" id="f-959" unitRef="usd">5158405000</us-gaap:PropertyPlantAndEquipmentGross>
    <us-gaap:PropertyPlantAndEquipmentGross contextRef="c-5" decimals="-3" id="f-960" unitRef="usd">4904794000</us-gaap:PropertyPlantAndEquipmentGross>
    <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="c-4" decimals="-3" id="f-961" unitRef="usd">2735770000</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
    <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="c-5" decimals="-3" id="f-962" unitRef="usd">2533237000</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
    <us-gaap:PropertyPlantAndEquipmentNet contextRef="c-4" decimals="-3" id="f-963" unitRef="usd">2422635000</us-gaap:PropertyPlantAndEquipmentNet>
    <us-gaap:PropertyPlantAndEquipmentNet contextRef="c-5" decimals="-3" id="f-964" unitRef="usd">2371557000</us-gaap:PropertyPlantAndEquipmentNet>
    <us-gaap:Depreciation contextRef="c-1" decimals="-5" id="f-965" unitRef="usd">271800000</us-gaap:Depreciation>
    <us-gaap:Depreciation contextRef="c-6" decimals="-5" id="f-966" unitRef="usd">263400000</us-gaap:Depreciation>
    <us-gaap:Depreciation contextRef="c-7" decimals="-5" id="f-967" unitRef="usd">247200000</us-gaap:Depreciation>
    <mtn:FinanceLeasedAssetsLand contextRef="c-204" decimals="-3" id="f-968" unitRef="usd">31818000</mtn:FinanceLeasedAssetsLand>
    <mtn:FinanceLeasedAssetsLand contextRef="c-222" decimals="-3" id="f-969" unitRef="usd">31818000</mtn:FinanceLeasedAssetsLand>
    <mtn:FinanceLeasedAssetsLandImprovements contextRef="c-204" decimals="-3" id="f-970" unitRef="usd">49228000</mtn:FinanceLeasedAssetsLandImprovements>
    <mtn:FinanceLeasedAssetsLandImprovements contextRef="c-222" decimals="-3" id="f-971" unitRef="usd">49228000</mtn:FinanceLeasedAssetsLandImprovements>
    <mtn:FinanceLeasedAssetsBuildingsAndBuildingImprovements contextRef="c-204" decimals="-3" id="f-972" unitRef="usd">70310000</mtn:FinanceLeasedAssetsBuildingsAndBuildingImprovements>
    <mtn:FinanceLeasedAssetsBuildingsAndBuildingImprovements contextRef="c-222" decimals="-3" id="f-973" unitRef="usd">70917000</mtn:FinanceLeasedAssetsBuildingsAndBuildingImprovements>
    <mtn:CapitalLeasedAssetsMachineryandEquipment contextRef="c-204" decimals="-3" id="f-974" unitRef="usd">85416000</mtn:CapitalLeasedAssetsMachineryandEquipment>
    <mtn:CapitalLeasedAssetsMachineryandEquipment contextRef="c-222" decimals="-3" id="f-975" unitRef="usd">71527000</mtn:CapitalLeasedAssetsMachineryandEquipment>
    <us-gaap:FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization contextRef="c-204" decimals="-3" id="f-976" unitRef="usd">236772000</us-gaap:FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization>
    <us-gaap:FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization contextRef="c-222" decimals="-3" id="f-977" unitRef="usd">223490000</us-gaap:FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization>
    <mtn:FinanceLeasedAssetsAccumulatedDepreciation contextRef="c-204" decimals="-3" id="f-978" unitRef="usd">107740000</mtn:FinanceLeasedAssetsAccumulatedDepreciation>
    <mtn:FinanceLeasedAssetsAccumulatedDepreciation contextRef="c-222" decimals="-3" id="f-979" unitRef="usd">96257000</mtn:FinanceLeasedAssetsAccumulatedDepreciation>
    <mtn:FinanceLeasedAssetsNet contextRef="c-204" decimals="-3" id="f-980" unitRef="usd">129032000</mtn:FinanceLeasedAssetsNet>
    <mtn:FinanceLeasedAssetsNet contextRef="c-222" decimals="-3" id="f-981" unitRef="usd">127233000</mtn:FinanceLeasedAssetsNet>
    <us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock contextRef="c-1" id="f-982">&lt;div style="margin-top:12pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The composition of goodwill and intangible assets follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%"&gt;Goodwill&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,721,017&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,763,386&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated impairments&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(25,688)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(25,688)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,354)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,354)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Goodwill, net&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,677,975&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,720,344&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%"&gt;Indefinite-lived intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trademarks&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;235,858&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;237,921&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41,081&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;41,224&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total gross indefinite-lived intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;276,939&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;279,145&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(24,751)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(24,713)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Indefinite-lived intangible assets, net&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;252,188&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;254,432&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%"&gt;Amortizable intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trademarks&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,008&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,008&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;71,198&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;71,570&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total gross amortizable intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;109,206&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;109,578&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accumulated amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(58,859)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(54,665)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Amortizable intangible assets, net&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;50,347&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;54,913&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total gross intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;386,145&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;388,723&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total accumulated amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(83,610)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(79,378)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total intangible assets, net&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;302,535&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;309,345&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock>
    <us-gaap:GoodwillGross contextRef="c-4" decimals="-3" id="f-983" unitRef="usd">1721017000</us-gaap:GoodwillGross>
    <us-gaap:GoodwillGross contextRef="c-5" decimals="-3" id="f-984" unitRef="usd">1763386000</us-gaap:GoodwillGross>
    <us-gaap:GoodwillImpairedAccumulatedImpairmentLoss contextRef="c-4" decimals="-3" id="f-985" unitRef="usd">25688000</us-gaap:GoodwillImpairedAccumulatedImpairmentLoss>
    <us-gaap:GoodwillImpairedAccumulatedImpairmentLoss contextRef="c-5" decimals="-3" id="f-986" unitRef="usd">25688000</us-gaap:GoodwillImpairedAccumulatedImpairmentLoss>
    <mtn:GoodwillAccumulatedAmortization contextRef="c-4" decimals="-3" id="f-987" unitRef="usd">17354000</mtn:GoodwillAccumulatedAmortization>
    <mtn:GoodwillAccumulatedAmortization contextRef="c-5" decimals="-3" id="f-988" unitRef="usd">17354000</mtn:GoodwillAccumulatedAmortization>
    <us-gaap:Goodwill contextRef="c-4" decimals="-3" id="f-989" unitRef="usd">1677975000</us-gaap:Goodwill>
    <us-gaap:Goodwill contextRef="c-5" decimals="-3" id="f-990" unitRef="usd">1720344000</us-gaap:Goodwill>
    <us-gaap:IndefiniteLivedTrademarks contextRef="c-4" decimals="-3" id="f-991" unitRef="usd">235858000</us-gaap:IndefiniteLivedTrademarks>
    <us-gaap:IndefiniteLivedTrademarks contextRef="c-5" decimals="-3" id="f-992" unitRef="usd">237921000</us-gaap:IndefiniteLivedTrademarks>
    <us-gaap:OtherIndefiniteLivedIntangibleAssets contextRef="c-4" decimals="-3" id="f-993" unitRef="usd">41081000</us-gaap:OtherIndefiniteLivedIntangibleAssets>
    <us-gaap:OtherIndefiniteLivedIntangibleAssets contextRef="c-5" decimals="-3" id="f-994" unitRef="usd">41224000</us-gaap:OtherIndefiniteLivedIntangibleAssets>
    <us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill contextRef="c-4" decimals="-3" id="f-995" unitRef="usd">276939000</us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill>
    <us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill contextRef="c-5" decimals="-3" id="f-996" unitRef="usd">279145000</us-gaap:IndefiniteLivedIntangibleAssetsExcludingGoodwill>
    <mtn:IndefiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="c-4" decimals="-3" id="f-997" unitRef="usd">24751000</mtn:IndefiniteLivedIntangibleAssetsAccumulatedAmortization>
    <mtn:IndefiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="c-5" decimals="-3" id="f-998" unitRef="usd">24713000</mtn:IndefiniteLivedIntangibleAssetsAccumulatedAmortization>
    <mtn:IndefiniteLivedIntangibleAssetsExcludingGoodwillNet contextRef="c-4" decimals="-3" id="f-999" unitRef="usd">252188000</mtn:IndefiniteLivedIntangibleAssetsExcludingGoodwillNet>
    <mtn:IndefiniteLivedIntangibleAssetsExcludingGoodwillNet contextRef="c-5" decimals="-3" id="f-1000" unitRef="usd">254432000</mtn:IndefiniteLivedIntangibleAssetsExcludingGoodwillNet>
    <us-gaap:FiniteLivedTradeNamesGross contextRef="c-4" decimals="-3" id="f-1001" unitRef="usd">38008000</us-gaap:FiniteLivedTradeNamesGross>
    <us-gaap:FiniteLivedTradeNamesGross contextRef="c-5" decimals="-3" id="f-1002" unitRef="usd">38008000</us-gaap:FiniteLivedTradeNamesGross>
    <us-gaap:OtherFiniteLivedIntangibleAssetsGross contextRef="c-4" decimals="-3" id="f-1003" unitRef="usd">71198000</us-gaap:OtherFiniteLivedIntangibleAssetsGross>
    <us-gaap:OtherFiniteLivedIntangibleAssetsGross contextRef="c-5" decimals="-3" id="f-1004" unitRef="usd">71570000</us-gaap:OtherFiniteLivedIntangibleAssetsGross>
    <us-gaap:FiniteLivedIntangibleAssetsGross contextRef="c-4" decimals="-3" id="f-1005" unitRef="usd">109206000</us-gaap:FiniteLivedIntangibleAssetsGross>
    <us-gaap:FiniteLivedIntangibleAssetsGross contextRef="c-5" decimals="-3" id="f-1006" unitRef="usd">109578000</us-gaap:FiniteLivedIntangibleAssetsGross>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="c-4" decimals="-3" id="f-1007" unitRef="usd">58859000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="c-5" decimals="-3" id="f-1008" unitRef="usd">54665000</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
    <us-gaap:FiniteLivedIntangibleAssetsNet contextRef="c-4" decimals="-3" id="f-1009" unitRef="usd">50347000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <us-gaap:FiniteLivedIntangibleAssetsNet contextRef="c-5" decimals="-3" id="f-1010" unitRef="usd">54913000</us-gaap:FiniteLivedIntangibleAssetsNet>
    <mtn:GrossIntangibleAssetsExcludingGoodwill contextRef="c-4" decimals="-3" id="f-1011" unitRef="usd">386145000</mtn:GrossIntangibleAssetsExcludingGoodwill>
    <mtn:GrossIntangibleAssetsExcludingGoodwill contextRef="c-5" decimals="-3" id="f-1012" unitRef="usd">388723000</mtn:GrossIntangibleAssetsExcludingGoodwill>
    <mtn:AccumulatedAmortizationExcludingGoodwill contextRef="c-4" decimals="-3" id="f-1013" unitRef="usd">83610000</mtn:AccumulatedAmortizationExcludingGoodwill>
    <mtn:AccumulatedAmortizationExcludingGoodwill contextRef="c-5" decimals="-3" id="f-1014" unitRef="usd">79378000</mtn:AccumulatedAmortizationExcludingGoodwill>
    <us-gaap:IntangibleAssetsNetExcludingGoodwill contextRef="c-4" decimals="-3" id="f-1015" unitRef="usd">302535000</us-gaap:IntangibleAssetsNetExcludingGoodwill>
    <us-gaap:IntangibleAssetsNetExcludingGoodwill contextRef="c-5" decimals="-3" id="f-1016" unitRef="usd">309345000</us-gaap:IntangibleAssetsNetExcludingGoodwill>
    <us-gaap:AmortizationOfIntangibleAssets contextRef="c-1" decimals="-5" id="f-1017" unitRef="usd">4700000</us-gaap:AmortizationOfIntangibleAssets>
    <us-gaap:AmortizationOfIntangibleAssets contextRef="c-6" decimals="-5" id="f-1018" unitRef="usd">5100000</us-gaap:AmortizationOfIntangibleAssets>
    <us-gaap:AmortizationOfIntangibleAssets contextRef="c-7" decimals="-5" id="f-1019" unitRef="usd">5200000</us-gaap:AmortizationOfIntangibleAssets>
    <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive contextRef="c-4" decimals="-3" id="f-1020" unitRef="usd">2600000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive>
    <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour contextRef="c-4" decimals="-3" id="f-1021" unitRef="usd">2600000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour>
    <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths contextRef="c-4" decimals="-3" id="f-1022" unitRef="usd">2600000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths>
    <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo contextRef="c-4" decimals="-3" id="f-1023" unitRef="usd">2600000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo>
    <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree contextRef="c-4" decimals="-3" id="f-1024" unitRef="usd">2600000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree>
    <us-gaap:ScheduleOfGoodwillTextBlock contextRef="c-1" id="f-1025">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The changes in the net carrying amount of goodwill allocated between the Company&#x2019;s segments for the years ended July&#160;31, 2024 and 2023 are as follows (in thousands): &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Mountain &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Lodging &lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Goodwill,&#160;net &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance at July 31, 2022&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,709,922&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,006&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,754,928&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Acquisition (including measurement period adjustments)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,368&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Disposal of retail and rental stores &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,975)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(5,975)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Effects of changes in foreign currency exchange rates&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(31,977)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(31,977)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance at July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,675,338&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,006&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,720,344&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Acquisition&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,796&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,796&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="margin-bottom:5pt;margin-top:5pt;padding-left:6.75pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Effects of changes in foreign currency exchange rates&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(45,165)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(45,165)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,632,969&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,006&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,677,975&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfGoodwillTextBlock>
    <us-gaap:Goodwill contextRef="c-223" decimals="-3" id="f-1026" unitRef="usd">1709922000</us-gaap:Goodwill>
    <us-gaap:Goodwill contextRef="c-224" decimals="-3" id="f-1027" unitRef="usd">45006000</us-gaap:Goodwill>
    <us-gaap:Goodwill contextRef="c-30" decimals="-3" id="f-1028" unitRef="usd">1754928000</us-gaap:Goodwill>
    <us-gaap:GoodwillAcquiredDuringPeriod contextRef="c-225" decimals="-3" id="f-1029" unitRef="usd">3368000</us-gaap:GoodwillAcquiredDuringPeriod>
    <us-gaap:GoodwillAcquiredDuringPeriod contextRef="c-226" decimals="-3" id="f-1030" unitRef="usd">0</us-gaap:GoodwillAcquiredDuringPeriod>
    <us-gaap:GoodwillAcquiredDuringPeriod contextRef="c-6" decimals="-3" id="f-1031" unitRef="usd">3368000</us-gaap:GoodwillAcquiredDuringPeriod>
    <us-gaap:GoodwillWrittenOffRelatedToSaleOfBusinessUnit contextRef="c-225" decimals="-3" id="f-1032" unitRef="usd">5975000</us-gaap:GoodwillWrittenOffRelatedToSaleOfBusinessUnit>
    <us-gaap:GoodwillWrittenOffRelatedToSaleOfBusinessUnit contextRef="c-226" decimals="-3" id="f-1033" unitRef="usd">0</us-gaap:GoodwillWrittenOffRelatedToSaleOfBusinessUnit>
    <us-gaap:GoodwillWrittenOffRelatedToSaleOfBusinessUnit contextRef="c-6" decimals="-3" id="f-1034" unitRef="usd">5975000</us-gaap:GoodwillWrittenOffRelatedToSaleOfBusinessUnit>
    <us-gaap:GoodwillForeignCurrencyTranslationGainLoss contextRef="c-225" decimals="-3" id="f-1035" unitRef="usd">-31977000</us-gaap:GoodwillForeignCurrencyTranslationGainLoss>
    <us-gaap:GoodwillForeignCurrencyTranslationGainLoss contextRef="c-226" decimals="-3" id="f-1036" unitRef="usd">0</us-gaap:GoodwillForeignCurrencyTranslationGainLoss>
    <us-gaap:GoodwillForeignCurrencyTranslationGainLoss contextRef="c-6" decimals="-3" id="f-1037" unitRef="usd">-31977000</us-gaap:GoodwillForeignCurrencyTranslationGainLoss>
    <us-gaap:Goodwill contextRef="c-227" decimals="-3" id="f-1038" unitRef="usd">1675338000</us-gaap:Goodwill>
    <us-gaap:Goodwill contextRef="c-228" decimals="-3" id="f-1039" unitRef="usd">45006000</us-gaap:Goodwill>
    <us-gaap:Goodwill contextRef="c-5" decimals="-3" id="f-1040" unitRef="usd">1720344000</us-gaap:Goodwill>
    <us-gaap:GoodwillAcquiredDuringPeriod contextRef="c-229" decimals="-3" id="f-1041" unitRef="usd">2796000</us-gaap:GoodwillAcquiredDuringPeriod>
    <us-gaap:GoodwillAcquiredDuringPeriod contextRef="c-230" decimals="-3" id="f-1042" unitRef="usd">0</us-gaap:GoodwillAcquiredDuringPeriod>
    <us-gaap:GoodwillAcquiredDuringPeriod contextRef="c-1" decimals="-3" id="f-1043" unitRef="usd">2796000</us-gaap:GoodwillAcquiredDuringPeriod>
    <us-gaap:GoodwillForeignCurrencyTranslationGainLoss contextRef="c-229" decimals="-3" id="f-1044" unitRef="usd">-45165000</us-gaap:GoodwillForeignCurrencyTranslationGainLoss>
    <us-gaap:GoodwillForeignCurrencyTranslationGainLoss contextRef="c-230" decimals="-3" id="f-1045" unitRef="usd">0</us-gaap:GoodwillForeignCurrencyTranslationGainLoss>
    <us-gaap:GoodwillForeignCurrencyTranslationGainLoss contextRef="c-1" decimals="-3" id="f-1046" unitRef="usd">-45165000</us-gaap:GoodwillForeignCurrencyTranslationGainLoss>
    <us-gaap:Goodwill contextRef="c-231" decimals="-3" id="f-1047" unitRef="usd">1632969000</us-gaap:Goodwill>
    <us-gaap:Goodwill contextRef="c-232" decimals="-3" id="f-1048" unitRef="usd">45006000</us-gaap:Goodwill>
    <us-gaap:Goodwill contextRef="c-4" decimals="-3" id="f-1049" unitRef="usd">1677975000</us-gaap:Goodwill>
    <us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock contextRef="c-1" id="f-1050">&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The composition of accounts payable and accrued liabilities follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Trade payables&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;141,246&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;148,521&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;575,766&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;572,602&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued salaries, wages and deferred compensation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;43,269&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;38,908&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Accrued benefits&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;60,940&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;60,466&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deposits&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,500&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;37,798&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;32,611&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;36,904&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other accruals&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;102,467&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;82,822&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total accounts payable and accrued liabilities&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,000,798&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;978,021&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock>
    <us-gaap:AccountsPayableTradeCurrent contextRef="c-4" decimals="-3" id="f-1051" unitRef="usd">141246000</us-gaap:AccountsPayableTradeCurrent>
    <us-gaap:AccountsPayableTradeCurrent contextRef="c-5" decimals="-3" id="f-1052" unitRef="usd">148521000</us-gaap:AccountsPayableTradeCurrent>
    <us-gaap:DeferredRevenueCurrent contextRef="c-4" decimals="-3" id="f-1053" unitRef="usd">575766000</us-gaap:DeferredRevenueCurrent>
    <us-gaap:DeferredRevenueCurrent contextRef="c-5" decimals="-3" id="f-1054" unitRef="usd">572602000</us-gaap:DeferredRevenueCurrent>
    <us-gaap:AccruedSalariesCurrent contextRef="c-4" decimals="-3" id="f-1055" unitRef="usd">43269000</us-gaap:AccruedSalariesCurrent>
    <us-gaap:AccruedSalariesCurrent contextRef="c-5" decimals="-3" id="f-1056" unitRef="usd">38908000</us-gaap:AccruedSalariesCurrent>
    <us-gaap:AccruedEmployeeBenefitsCurrent contextRef="c-4" decimals="-3" id="f-1057" unitRef="usd">60940000</us-gaap:AccruedEmployeeBenefitsCurrent>
    <us-gaap:AccruedEmployeeBenefitsCurrent contextRef="c-5" decimals="-3" id="f-1058" unitRef="usd">60466000</us-gaap:AccruedEmployeeBenefitsCurrent>
    <us-gaap:Deposits contextRef="c-4" decimals="-3" id="f-1059" unitRef="usd">44500000</us-gaap:Deposits>
    <us-gaap:Deposits contextRef="c-5" decimals="-3" id="f-1060" unitRef="usd">37798000</us-gaap:Deposits>
    <mtn:CurrentOperatingLeaseLiability contextRef="c-4" decimals="-3" id="f-1061" unitRef="usd">32611000</mtn:CurrentOperatingLeaseLiability>
    <mtn:CurrentOperatingLeaseLiability contextRef="c-5" decimals="-3" id="f-1062" unitRef="usd">36904000</mtn:CurrentOperatingLeaseLiability>
    <us-gaap:OtherAccruedLiabilitiesCurrent contextRef="c-4" decimals="-3" id="f-1063" unitRef="usd">102467000</us-gaap:OtherAccruedLiabilitiesCurrent>
    <us-gaap:OtherAccruedLiabilitiesCurrent contextRef="c-5" decimals="-3" id="f-1064" unitRef="usd">82822000</us-gaap:OtherAccruedLiabilitiesCurrent>
    <mtn:AccountsPayableAccruedLiabilities contextRef="c-4" decimals="-3" id="f-1065" unitRef="usd">1000798000</mtn:AccountsPayableAccruedLiabilities>
    <mtn:AccountsPayableAccruedLiabilities contextRef="c-5" decimals="-3" id="f-1066" unitRef="usd">978021000</mtn:AccountsPayableAccruedLiabilities>
    <us-gaap:FairValueDisclosuresTextBlock contextRef="c-1" id="f-1067">Fair Value Measurements&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company utilizes FASB-issued fair value guidance that establishes how reporting entities should measure fair value for measurement and disclosure purposes.&#160;The guidance establishes a common definition of fair value applicable to all assets and liabilities measured at fair value and prioritizes the inputs into valuation techniques used to measure fair value.&#160;Accordingly, the Company uses valuation techniques which maximize the use of observable inputs and minimize the use of unobservable inputs when determining fair value.&#160;The three levels of the hierarchy are as follows:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Level 1: Inputs that reflect unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities;&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Level 2: Inputs include quoted prices for similar assets and liabilities in active and inactive markets or that are observable for the asset or liability either directly or indirectly; and&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Level 3: Unobservable inputs which are supported by little or no market activity.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The table below summarizes the Company&#x2019;s cash equivalents, other current assets, Interest Rate Swaps and Contingent Consideration (defined below) measured at estimated fair value (all other assets and liabilities measured at fair value are immaterial) (in thousands).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:36.326%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.545%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Estimated Fair Value Measurement as of July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%"&gt;Description&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level&#160;1&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level&#160;2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level&#160;3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Assets:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Money Market&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;896&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;896&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Commercial Paper&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,401&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,401&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Certificates of Deposit&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;101,989&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;101,989&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest Rate Swaps&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,343&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,343&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Liabilities:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Contingent Consideration&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;104,200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;104,200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Estimated Fair Value Measurement as of July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%"&gt;Description&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level 1&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level 2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level 3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Assets:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Money Market&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;170,872&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;170,872&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Commercial Paper&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,401&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,401&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Certificates of Deposit&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;144,365&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;144,365&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest Rate Swaps&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,229&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,229&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Liabilities:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Contingent Consideration &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;73,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;73,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company&#x2019;s cash equivalents, other current assets and Interest Rate Swaps are measured utilizing quoted market prices or pricing models whereby all significant inputs are either observable or corroborated by observable market data. The Company is party to various interest rate swap agreements which hedge the cash flows associated with the SOFR-based variable interest rate component of $400.0&#160;million in principal amount of its Vail Holdings Credit Agreement. Changes in the estimated fair value are recognized in change in estimated fair value of hedging instruments on the Company&#x2019;s Consolidated Statements of Comprehensive Income. The estimated fair value of the Interest Rate Swaps was included as an asset within other current assets and deferred charges and other assets as of July&#160;31, 2024 and 2023, respectively, in the Company&#x2019;s Consolidated Balance Sheets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The changes in Contingent Consideration during the years ended July&#160;31, 2024 and 2023 were as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:83.233%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Contingent Consideration&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance as of July 31, 2022&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;42,400&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Payment&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(18,936)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Change in estimated fair value&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;49,836&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance as of July 31,2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;73,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Payment&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,057)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Change in estimated fair value&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;47,957&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance as of July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;104,200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Park City Lease provides for participating contingent payments (the &#x201c;Contingent Consideration&#x201d;) to the landlord of 42% of the amount by which EBITDA for the Park City resort operations, as calculated under the Park City Lease, exceeds approximately $35 million, as established upon the Company&#x2019;s acquisition of the resort, with such threshold amount subsequently increased annually by an inflation linked index and a 10% adjustment for any capital improvements or investments made under the Park City Lease by the Company. Contingent Consideration is classified as a liability, which is remeasured to fair value at each reporting date until the contingency is resolved. The Company estimated the fair value of the Contingent Consideration payments using an option pricing valuation model. The estimated fair value of Contingent Consideration includes future period resort operations of Park City in the calculation of EBITDA on which participating contingent payments are made, which is determined on the basis of estimated subsequent year performance, escalated by an assumed annual growth factor and discounted to net present value. Other significant assumptions included a discount rate of 11.1%, and volatility of 14.5%, which together with future period Park City EBITDA, are all unobservable inputs and thus are considered Level 3 inputs. During the year ended July&#160;31, 2024, the Company made a payment to the landlord for Contingent Consideration of approximately $17.1&#160;million.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;During the year ended July&#160;31, 2024, the Company observed a continued trend of improved performance at the resort relative to expectations, which were based on an average of historical results that the Company calculated in the prior year. Accordingly, the Company performed a reassessment of its long-term EBITDA assumptions used to estimate the fair value of the liability by updating the average of historical results used to estimate future year EBITDA performance. As a result, the Company recorded an increase in the liability of approximately $48.0&#160;million which was primarily related to an increase in expected long-term EBITDA performance for Park City as well as the expected payment to be made in October 2024 for the resort&#x2019;s performance for the year ending July 31, 2024. Future period EBITDA performance for Park City may differ significantly from these estimates, which could have a material impact on the estimated fair value of the Contingent Consideration liability.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The estimated fair value of the Contingent Consideration is approximately $104.2&#160;million, which is reflected in accounts payable and other long-term liabilities in the Company&#x2019;s Consolidated Balance Sheet as of July&#160;31, 2024. The Company prepared a sensitivity analysis to evaluate the effect that changes on certain key assumptions would have on the estimated fair value of the Contingent Consideration. A change in the discount rate of 100 basis points or a 5% change in estimated subsequent year performance of the resort would result in a change in the estimated fair value within the range of approximately $14.6 million to $20.1 million.&lt;/span&gt;&lt;/div&gt;</us-gaap:FairValueDisclosuresTextBlock>
    <us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock contextRef="c-1" id="f-1068">&lt;div style="margin-top:8pt"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:36.326%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.545%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Estimated Fair Value Measurement as of July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%"&gt;Description&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level&#160;1&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level&#160;2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level&#160;3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Assets:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Money Market&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;896&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;896&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Commercial Paper&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,401&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,401&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Certificates of Deposit&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;101,989&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;101,989&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest Rate Swaps&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,343&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,343&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Liabilities:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Contingent Consideration&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;104,200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;104,200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Estimated Fair Value Measurement as of July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%"&gt;Description&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level 1&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level 2&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Level 3&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Assets:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Money Market&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;170,872&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;170,872&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Commercial Paper&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,401&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,401&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Certificates of Deposit&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;144,365&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;144,365&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest Rate Swaps&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,229&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,229&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Liabilities:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Contingent Consideration &lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;73,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;73,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-233" decimals="-3" id="f-1069" unitRef="usd">896000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-234" decimals="-3" id="f-1070" unitRef="usd">896000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-235" decimals="-3" id="f-1071" unitRef="usd">2401000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-236" decimals="-3" id="f-1072" unitRef="usd">2401000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-237" decimals="-3" id="f-1073" unitRef="usd">101989000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-238" decimals="-3" id="f-1074" unitRef="usd">101989000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:InterestRateCashFlowHedgeAssetAtFairValue contextRef="c-4" decimals="-3" id="f-1075" unitRef="usd">2343000</us-gaap:InterestRateCashFlowHedgeAssetAtFairValue>
    <us-gaap:InterestRateCashFlowHedgeAssetAtFairValue contextRef="c-239" decimals="-3" id="f-1076" unitRef="usd">2343000</us-gaap:InterestRateCashFlowHedgeAssetAtFairValue>
    <mtn:ContingentConsiderationFairValueDisclosure contextRef="c-4" decimals="-3" id="f-1077" unitRef="usd">104200000</mtn:ContingentConsiderationFairValueDisclosure>
    <mtn:ContingentConsiderationFairValueDisclosure contextRef="c-240" decimals="-3" id="f-1078" unitRef="usd">104200000</mtn:ContingentConsiderationFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-241" decimals="-3" id="f-1079" unitRef="usd">170872000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-242" decimals="-3" id="f-1080" unitRef="usd">170872000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-243" decimals="-3" id="f-1081" unitRef="usd">2401000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-244" decimals="-3" id="f-1082" unitRef="usd">2401000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-245" decimals="-3" id="f-1083" unitRef="usd">144365000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:CashAndCashEquivalentsFairValueDisclosure contextRef="c-246" decimals="-3" id="f-1084" unitRef="usd">144365000</us-gaap:CashAndCashEquivalentsFairValueDisclosure>
    <us-gaap:InterestRateCashFlowHedgeAssetAtFairValue contextRef="c-5" decimals="-3" id="f-1085" unitRef="usd">17229000</us-gaap:InterestRateCashFlowHedgeAssetAtFairValue>
    <us-gaap:InterestRateCashFlowHedgeAssetAtFairValue contextRef="c-247" decimals="-3" id="f-1086" unitRef="usd">17229000</us-gaap:InterestRateCashFlowHedgeAssetAtFairValue>
    <mtn:ContingentConsiderationFairValueDisclosure contextRef="c-5" decimals="-3" id="f-1087" unitRef="usd">73300000</mtn:ContingentConsiderationFairValueDisclosure>
    <mtn:ContingentConsiderationFairValueDisclosure contextRef="c-248" decimals="-3" id="f-1088" unitRef="usd">73300000</mtn:ContingentConsiderationFairValueDisclosure>
    <mtn:InterestRateSwapNotionalAmount contextRef="c-1" decimals="-5" id="f-1089" unitRef="usd">400000000</mtn:InterestRateSwapNotionalAmount>
    <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock contextRef="c-1" id="f-1090">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The changes in Contingent Consideration during the years ended July&#160;31, 2024 and 2023 were as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:83.233%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Contingent Consideration&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance as of July 31, 2022&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;42,400&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Payment&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(18,936)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Change in estimated fair value&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;49,836&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance as of July 31,2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;73,300&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Payment&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(17,057)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Change in estimated fair value&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;47,957&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance as of July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;104,200&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock>
    <mtn:ContingentConsiderationFairValueDisclosure contextRef="c-30" decimals="-3" id="f-1091" unitRef="usd">42400000</mtn:ContingentConsiderationFairValueDisclosure>
    <us-gaap:PaymentsForRent contextRef="c-6" decimals="-3" id="f-1092" unitRef="usd">18936000</us-gaap:PaymentsForRent>
    <us-gaap:BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 contextRef="c-6" decimals="-3" id="f-1093" unitRef="usd">49836000</us-gaap:BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1>
    <mtn:ContingentConsiderationFairValueDisclosure contextRef="c-5" decimals="-3" id="f-1094" unitRef="usd">73300000</mtn:ContingentConsiderationFairValueDisclosure>
    <us-gaap:PaymentsForRent contextRef="c-1" decimals="-3" id="f-1095" unitRef="usd">17057000</us-gaap:PaymentsForRent>
    <us-gaap:BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 contextRef="c-1" decimals="-3" id="f-1096" unitRef="usd">47957000</us-gaap:BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1>
    <mtn:ContingentConsiderationFairValueDisclosure contextRef="c-240" decimals="-3" id="f-1097" unitRef="usd">104200000</mtn:ContingentConsiderationFairValueDisclosure>
    <us-gaap:BusinessCombinationContingentConsiderationArrangementsDescription contextRef="c-205" id="f-1098">42% of the amount by which EBITDA for the Park City resort operations, as calculated under the Park City Lease, exceeds approximately $35 million, as established upon the Company&#x2019;s acquisition of the resort, with such threshold amount subsequently increased annually by an inflation linked index and a 10% adjustment for any capital improvements or investments made under the Park City Lease by the Company.</us-gaap:BusinessCombinationContingentConsiderationArrangementsDescription>
    <mtn:ContingentConsiderationKeyAssumptionsforValuation contextRef="c-1" id="f-1099">The estimated fair value of Contingent Consideration includes future period resort operations of Park City in the calculation of EBITDA on which participating contingent payments are made, which is determined on the basis of estimated subsequent year performance, escalated by an assumed annual growth factor and discounted to net present value. Other significant assumptions included a discount rate of 11.1%, and volatility of 14.5%, which together with future period Park City EBITDA, are all unobservable inputs and thus are considered Level 3 inputs.</mtn:ContingentConsiderationKeyAssumptionsforValuation>
    <us-gaap:PaymentsForRent contextRef="c-1" decimals="-5" id="f-1100" unitRef="usd">17100000</us-gaap:PaymentsForRent>
    <us-gaap:BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 contextRef="c-1" decimals="-5" id="f-1101" unitRef="usd">48000000</us-gaap:BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1>
    <mtn:ContingentConsiderationFairValueDisclosure contextRef="c-240" decimals="-3" id="f-1102" unitRef="usd">104200000</mtn:ContingentConsiderationFairValueDisclosure>
    <us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription contextRef="c-1" id="f-1103">The Company prepared a sensitivity analysis to evaluate the effect that changes on certain key assumptions would have on the estimated fair value of the Contingent Consideration. A change in the discount rate of 100 basis points or a 5% change in estimated subsequent year performance of the resort would result in a change in the estimated fair value within the range of approximately $14.6 million to $20.1 million.</us-gaap:SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOfAdverseChangeInOtherAssumptionDescription>
    <us-gaap:IncomeTaxDisclosureTextBlock contextRef="c-1" id="f-1104">Income Taxes&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company is subject to taxation in U.S. federal, state and local jurisdictions and various non-U.S. jurisdictions, including Australia, Canada, the Netherlands and Switzerland. The Company&#x2019;s effective tax rate is impacted by the tax laws, regulations, practices and interpretations in the jurisdictions in which it operates and may fluctuate significantly from period to period depending on, among other things, the geographic mix of the Company&#x2019;s profits and losses, changes in tax laws and regulations or their application and interpretation, the outcome of tax audits and changes in valuation allowances associated with the Company&#x2019;s deferred tax assets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;U.S. and foreign components of income before provision for income taxes are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;U.S.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;225,408&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;217,971&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;387,729&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;119,687&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;155,546&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;69,432&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Income before income taxes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;345,095&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;373,517&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;457,161&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes. Significant components of the Company&#x2019;s deferred tax liabilities and assets are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred income tax liabilities:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fixed assets&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200,197&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;211,995&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;160,002&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;143,402&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease right of use assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;61,730&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,913&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,774&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22,115&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;440,703&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;423,425&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred income tax assets:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Canyons obligation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,813&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,631&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Stock-based compensation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,370&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment in Partnerships&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,097&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,430&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred compensation and other accrued benefits&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,339&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,099&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Contingent Consideration&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,251&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,423&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net operating loss carryforwards and other tax credits&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,082&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,864&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,550&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;48,953&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,892&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,988&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;180,134&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;160,758&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Valuation allowance for deferred income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(15,553)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,603)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred income tax assets, net of valuation allowance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;164,581&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;151,155&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net deferred income tax liability&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;276,122&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;272,270&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The components of deferred income taxes recognized in the accompanying Consolidated Balance Sheets are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:59.897%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:18.401%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:18.402%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred income tax asset&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,693&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,867&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred income tax liability&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;279,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;276,137&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net deferred income tax liability&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;276,122&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;272,270&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Significant components of the provision for income taxes are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Current:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Federal&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,759&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,473&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62,974&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;State&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,550&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,759&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,938&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,412&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,302&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total current&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;86,721&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,349&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;98,214&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Federal&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,764&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,813&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6,910)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;State&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(461)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,372&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,966&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,792&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,120)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,446)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total deferred&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,095&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24,065&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,390)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Provision for income taxes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;98,816&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,414&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,824&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A reconciliation of the income tax provision for continuing operations and the amount computed by applying the United States federal statutory income tax rate to income before income taxes is as follows:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;At U.S. federal income tax rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21.0&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21.0&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21.0&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;State income tax, net of federal benefit&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Change in uncertain tax positions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1.5)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1.2)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Stock-based compensation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3.6)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign partnership basis adjustment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1.4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Noncontrolling interests&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1.0)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1.0)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1.2)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(0.9)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.5&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Effective tax rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28.6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23.7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19.4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A reconciliation of the beginning and ending amount of unrecognized tax benefits associated with uncertain tax positions, excluding associated deferred tax benefits and accrued interest and penalties, if applicable, is as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance, beginning of year&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;51,680&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62,909&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;67,857&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Additions for tax positions of prior years&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,866&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,025&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,179&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lapse of statute of limitations&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,558)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(22,254)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(16,127)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance, end of year&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;50,988&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;51,680&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62,909&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;As of July&#160;31, 2024, the Company&#x2019;s unrecognized tax benefits associated with uncertain tax positions relate to the treatment of the Talisker lease payments as payments of debt obligations and that the tax basis in Canyons goodwill is deductible, and are included within other long-term liabilities in the accompanying Consolidated Balance Sheets.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;As of July&#160;31, 2024, the Company had recorded $51.0&#160;million of uncertain tax positions as well as $6.1&#160;million of accrued interest and penalties. During the year ended July&#160;31, 2024, the Company experienced a reduction in the uncertain tax positions due to the lapse of the statute of limitations of $11.6&#160;million, which was partially offset with an increase to the uncertain tax position of $10.9&#160;million. The Company also recognized a tax benefit of $1.0&#160;million from a reduction in accrued interest and penalties during the year ended July&#160;31, 2024. The Company is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. Additionally, the Company expects a reduction to its uncertain tax positions for the fiscal year ending July&#160;31, 2025, due to the lapse of the statute of limitations.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company&#x2019;s major tax jurisdictions in which it files income tax returns are the U.S. federal jurisdiction, various state jurisdictions, Australia, Canada and Switzerland. The Company&#x2019;s U.S. federal and state income tax returns are generally subject to tax examinations for the tax years 2020 through the current period. The Company&#x2019;s Australian and Canadian income tax returns are generally subject to examination for the tax years 2019 through the current period, and Swiss income tax returns are generally subject to examination for the tax years 2018 through the current period. Additionally, to the extent the Company has NOLs that have been carried back or are available for carryforward, the tax years to which the NOL was carried back or in which the NOL was generated may still be adjusted by the taxing authorities to the extent the NOLs are utilized.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company has NOL carryforwards totaling $92.6&#160;million, primarily comprised of $5.9&#160;million of federal and state NOLs as a result of the acquisition of Peak Resorts in September 2019 that will expire beginning July 31, 2034 and non-U.S. NOLs of $86.7&#160;million (for which a portion will begin expiring July 31, 2025, and a portion will carry forward indefinitely). In connection with Peak Resorts&#x2019; initial public offering in November 2014, as well as the Company&#x2019;s acquisition of Peak Resorts in September 2019, Peak Resorts had two ownership changes pursuant to the provisions of the Tax Reform Act of 1986. As a result, the Company&#x2019;s usage of its eligible Federal NOL carryforwards will be limited each year by these ownership changes; however, management believes the full benefit of those carryforwards will be realized prior to their respective expiration dates. As of July 31, 2024, the Company has recorded a valuation allowance of $10.4 million on non-U.S. NOL carryforwards, as the Company has determined that it is more likely than not that the associated NOL carryforwards will not be realized. The Company has also recorded a valuation allowance of $4.2 million on foreign tax credit carryforwards, as the Company has determined that it is more likely than not that these foreign tax credit carryforwards will not be realized. Additionally, the Company has $1.0 million of foreign deferred tax assets, for which a valuation allowance of $1.0 million has been recorded.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company may be required to record additional valuation allowances if, among other things, adverse economic conditions negatively impact the Company&#x2019;s ability to realize its deferred tax assets. Evaluating and estimating the Company&#x2019;s tax provision, current and deferred tax assets and liabilities and other tax accruals requires significant management judgment. The Company intends to indefinitely reinvest undistributed earnings, if any, in its foreign subsidiaries. It is not practical at this time to determine the income tax liability related to any remaining undistributed earnings.&lt;/span&gt;&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
    <us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock contextRef="c-1" id="f-1105">&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;U.S. and foreign components of income before provision for income taxes are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;U.S.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;225,408&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;217,971&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;387,729&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;119,687&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;155,546&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;69,432&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Income before income taxes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;345,095&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;373,517&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;457,161&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="c-1" decimals="0" id="f-1106" unitRef="usd">225408000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="c-6" decimals="0" id="f-1107" unitRef="usd">217971000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="c-7" decimals="0" id="f-1108" unitRef="usd">387729000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign contextRef="c-1" decimals="0" id="f-1109" unitRef="usd">119687000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign contextRef="c-6" decimals="0" id="f-1110" unitRef="usd">155546000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign contextRef="c-7" decimals="0" id="f-1111" unitRef="usd">69432000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="c-1" decimals="0" id="f-1112" unitRef="usd">345095000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="c-6" decimals="0" id="f-1113" unitRef="usd">373517000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="c-7" decimals="0" id="f-1114" unitRef="usd">457161000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
    <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="c-1" id="f-1115">Significant components of the Company&#x2019;s deferred tax liabilities and assets are as follows (in thousands):&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:67.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.566%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.567%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred income tax liabilities:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Fixed assets&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;200,197&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;211,995&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Intangible assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;160,002&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;143,402&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease right of use assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;61,730&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;45,913&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,774&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;22,115&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;440,703&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;423,425&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred income tax assets:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Canyons obligation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,813&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,631&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Stock-based compensation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,110&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,370&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment in Partnerships&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,097&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,430&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred compensation and other accrued benefits&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,339&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,099&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Contingent Consideration&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,251&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;18,423&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net operating loss carryforwards and other tax credits&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,082&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;14,864&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Operating lease liabilities&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,550&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;48,953&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,892&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28,988&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;180,134&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;160,758&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Valuation allowance for deferred income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(15,553)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,603)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred income tax assets, net of valuation allowance&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;164,581&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;151,155&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net deferred income tax liability&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;276,122&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;272,270&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
    <us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment contextRef="c-4" decimals="-3" id="f-1116" unitRef="usd">200197000</us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment>
    <us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment contextRef="c-5" decimals="-3" id="f-1117" unitRef="usd">211995000</us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment>
    <us-gaap:DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets contextRef="c-4" decimals="-3" id="f-1118" unitRef="usd">160002000</us-gaap:DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets>
    <us-gaap:DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets contextRef="c-5" decimals="-3" id="f-1119" unitRef="usd">143402000</us-gaap:DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets>
    <us-gaap:DeferredTaxLiabilitiesLeasingArrangements contextRef="c-4" decimals="-3" id="f-1120" unitRef="usd">61730000</us-gaap:DeferredTaxLiabilitiesLeasingArrangements>
    <us-gaap:DeferredTaxLiabilitiesLeasingArrangements contextRef="c-5" decimals="-3" id="f-1121" unitRef="usd">45913000</us-gaap:DeferredTaxLiabilitiesLeasingArrangements>
    <us-gaap:DeferredTaxLiabilitiesOther contextRef="c-4" decimals="-3" id="f-1122" unitRef="usd">18774000</us-gaap:DeferredTaxLiabilitiesOther>
    <us-gaap:DeferredTaxLiabilitiesOther contextRef="c-5" decimals="-3" id="f-1123" unitRef="usd">22115000</us-gaap:DeferredTaxLiabilitiesOther>
    <us-gaap:DeferredIncomeTaxLiabilities contextRef="c-4" decimals="-3" id="f-1124" unitRef="usd">440703000</us-gaap:DeferredIncomeTaxLiabilities>
    <us-gaap:DeferredIncomeTaxLiabilities contextRef="c-5" decimals="-3" id="f-1125" unitRef="usd">423425000</us-gaap:DeferredIncomeTaxLiabilities>
    <mtn:DeferredTaxAssetCanyonsObligation contextRef="c-4" decimals="-3" id="f-1126" unitRef="usd">18813000</mtn:DeferredTaxAssetCanyonsObligation>
    <mtn:DeferredTaxAssetCanyonsObligation contextRef="c-5" decimals="-3" id="f-1127" unitRef="usd">18631000</mtn:DeferredTaxAssetCanyonsObligation>
    <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost contextRef="c-4" decimals="-3" id="f-1128" unitRef="usd">9110000</us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost>
    <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost contextRef="c-5" decimals="-3" id="f-1129" unitRef="usd">9370000</us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost>
    <us-gaap:DeferredTaxAssetsInvestments contextRef="c-4" decimals="-3" id="f-1130" unitRef="usd">5097000</us-gaap:DeferredTaxAssetsInvestments>
    <us-gaap:DeferredTaxAssetsInvestments contextRef="c-5" decimals="-3" id="f-1131" unitRef="usd">10430000</us-gaap:DeferredTaxAssetsInvestments>
    <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits contextRef="c-4" decimals="-3" id="f-1132" unitRef="usd">11339000</us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits>
    <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits contextRef="c-5" decimals="-3" id="f-1133" unitRef="usd">11099000</us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits>
    <us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies contextRef="c-4" decimals="-3" id="f-1134" unitRef="usd">25251000</us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies>
    <us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies contextRef="c-5" decimals="-3" id="f-1135" unitRef="usd">18423000</us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies>
    <us-gaap:DeferredTaxAssetsOperatingLossCarryforwards contextRef="c-4" decimals="-3" id="f-1136" unitRef="usd">20082000</us-gaap:DeferredTaxAssetsOperatingLossCarryforwards>
    <us-gaap:DeferredTaxAssetsOperatingLossCarryforwards contextRef="c-5" decimals="-3" id="f-1137" unitRef="usd">14864000</us-gaap:DeferredTaxAssetsOperatingLossCarryforwards>
    <mtn:DeferredTaxAssetsOperatingLeaseLiabilities contextRef="c-4" decimals="-3" id="f-1138" unitRef="usd">64550000</mtn:DeferredTaxAssetsOperatingLeaseLiabilities>
    <mtn:DeferredTaxAssetsOperatingLeaseLiabilities contextRef="c-5" decimals="-3" id="f-1139" unitRef="usd">48953000</mtn:DeferredTaxAssetsOperatingLeaseLiabilities>
    <us-gaap:DeferredTaxAssetsOther contextRef="c-4" decimals="-3" id="f-1140" unitRef="usd">25892000</us-gaap:DeferredTaxAssetsOther>
    <us-gaap:DeferredTaxAssetsOther contextRef="c-5" decimals="-3" id="f-1141" unitRef="usd">28988000</us-gaap:DeferredTaxAssetsOther>
    <us-gaap:DeferredTaxAssetsGross contextRef="c-4" decimals="-3" id="f-1142" unitRef="usd">180134000</us-gaap:DeferredTaxAssetsGross>
    <us-gaap:DeferredTaxAssetsGross contextRef="c-5" decimals="-3" id="f-1143" unitRef="usd">160758000</us-gaap:DeferredTaxAssetsGross>
    <us-gaap:DeferredTaxAssetsValuationAllowance contextRef="c-4" decimals="-3" id="f-1144" unitRef="usd">15553000</us-gaap:DeferredTaxAssetsValuationAllowance>
    <us-gaap:DeferredTaxAssetsValuationAllowance contextRef="c-5" decimals="-3" id="f-1145" unitRef="usd">9603000</us-gaap:DeferredTaxAssetsValuationAllowance>
    <us-gaap:DeferredTaxAssetsNet contextRef="c-4" decimals="-3" id="f-1146" unitRef="usd">164581000</us-gaap:DeferredTaxAssetsNet>
    <us-gaap:DeferredTaxAssetsNet contextRef="c-5" decimals="-3" id="f-1147" unitRef="usd">151155000</us-gaap:DeferredTaxAssetsNet>
    <us-gaap:DeferredTaxLiabilities contextRef="c-4" decimals="-3" id="f-1148" unitRef="usd">276122000</us-gaap:DeferredTaxLiabilities>
    <us-gaap:DeferredTaxLiabilities contextRef="c-5" decimals="-3" id="f-1149" unitRef="usd">272270000</us-gaap:DeferredTaxLiabilities>
    <mtn:BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock contextRef="c-1" id="f-1150">&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The components of deferred income taxes recognized in the accompanying Consolidated Balance Sheets are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:59.897%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:18.401%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:18.402%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred income tax asset&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,693&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3,867&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred income tax liability&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;279,815&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;276,137&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net deferred income tax liability&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;276,122&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;272,270&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mtn:BalanceSheetSummaryofDeferredTaxAssetsandLiabilitiesTableTextBlock>
    <us-gaap:DeferredIncomeTaxAssetsNet contextRef="c-4" decimals="-3" id="f-1151" unitRef="usd">3693000</us-gaap:DeferredIncomeTaxAssetsNet>
    <us-gaap:DeferredIncomeTaxAssetsNet contextRef="c-5" decimals="-3" id="f-1152" unitRef="usd">3867000</us-gaap:DeferredIncomeTaxAssetsNet>
    <us-gaap:DeferredIncomeTaxLiabilitiesNet contextRef="c-4" decimals="-3" id="f-1153" unitRef="usd">279815000</us-gaap:DeferredIncomeTaxLiabilitiesNet>
    <us-gaap:DeferredIncomeTaxLiabilitiesNet contextRef="c-5" decimals="-3" id="f-1154" unitRef="usd">276137000</us-gaap:DeferredIncomeTaxLiabilitiesNet>
    <us-gaap:DeferredTaxLiabilities contextRef="c-4" decimals="-3" id="f-1155" unitRef="usd">276122000</us-gaap:DeferredTaxLiabilities>
    <us-gaap:DeferredTaxLiabilities contextRef="c-5" decimals="-3" id="f-1156" unitRef="usd">272270000</us-gaap:DeferredTaxLiabilities>
    <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="c-1" id="f-1157">&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Significant components of the provision for income taxes are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Current:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Federal&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;44,759&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;17,473&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62,974&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;State&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,550&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,759&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;13,938&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31,412&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;40,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21,302&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total current&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;86,721&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;64,349&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;98,214&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Deferred:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Federal&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,764&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,813&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(6,910)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;State&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(461)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,372&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,966&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,792&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,120)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(4,446)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total deferred&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,095&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;24,065&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(9,390)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Provision for income taxes&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;98,816&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,414&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,824&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
    <us-gaap:CurrentFederalTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-1158" unitRef="usd">44759000</us-gaap:CurrentFederalTaxExpenseBenefit>
    <us-gaap:CurrentFederalTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-1159" unitRef="usd">17473000</us-gaap:CurrentFederalTaxExpenseBenefit>
    <us-gaap:CurrentFederalTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-1160" unitRef="usd">62974000</us-gaap:CurrentFederalTaxExpenseBenefit>
    <us-gaap:CurrentStateAndLocalTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-1161" unitRef="usd">10550000</us-gaap:CurrentStateAndLocalTaxExpenseBenefit>
    <us-gaap:CurrentStateAndLocalTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-1162" unitRef="usd">6759000</us-gaap:CurrentStateAndLocalTaxExpenseBenefit>
    <us-gaap:CurrentStateAndLocalTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-1163" unitRef="usd">13938000</us-gaap:CurrentStateAndLocalTaxExpenseBenefit>
    <us-gaap:CurrentForeignTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-1164" unitRef="usd">31412000</us-gaap:CurrentForeignTaxExpenseBenefit>
    <us-gaap:CurrentForeignTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-1165" unitRef="usd">40117000</us-gaap:CurrentForeignTaxExpenseBenefit>
    <us-gaap:CurrentForeignTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-1166" unitRef="usd">21302000</us-gaap:CurrentForeignTaxExpenseBenefit>
    <us-gaap:CurrentIncomeTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-1167" unitRef="usd">86721000</us-gaap:CurrentIncomeTaxExpenseBenefit>
    <us-gaap:CurrentIncomeTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-1168" unitRef="usd">64349000</us-gaap:CurrentIncomeTaxExpenseBenefit>
    <us-gaap:CurrentIncomeTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-1169" unitRef="usd">98214000</us-gaap:CurrentIncomeTaxExpenseBenefit>
    <us-gaap:DeferredFederalIncomeTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-1170" unitRef="usd">6764000</us-gaap:DeferredFederalIncomeTaxExpenseBenefit>
    <us-gaap:DeferredFederalIncomeTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-1171" unitRef="usd">23813000</us-gaap:DeferredFederalIncomeTaxExpenseBenefit>
    <us-gaap:DeferredFederalIncomeTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-1172" unitRef="usd">-6910000</us-gaap:DeferredFederalIncomeTaxExpenseBenefit>
    <us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-1173" unitRef="usd">-461000</us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit>
    <us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-1174" unitRef="usd">1372000</us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit>
    <us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-1175" unitRef="usd">1966000</us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit>
    <us-gaap:DeferredForeignIncomeTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-1176" unitRef="usd">5792000</us-gaap:DeferredForeignIncomeTaxExpenseBenefit>
    <us-gaap:DeferredForeignIncomeTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-1177" unitRef="usd">-1120000</us-gaap:DeferredForeignIncomeTaxExpenseBenefit>
    <us-gaap:DeferredForeignIncomeTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-1178" unitRef="usd">-4446000</us-gaap:DeferredForeignIncomeTaxExpenseBenefit>
    <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-1179" unitRef="usd">12095000</us-gaap:DeferredIncomeTaxExpenseBenefit>
    <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-1180" unitRef="usd">24065000</us-gaap:DeferredIncomeTaxExpenseBenefit>
    <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-1181" unitRef="usd">-9390000</us-gaap:DeferredIncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-1182" unitRef="usd">98816000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-1183" unitRef="usd">88414000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-1184" unitRef="usd">88824000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock contextRef="c-1" id="f-1185">&lt;div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A reconciliation of the income tax provision for continuing operations and the amount computed by applying the United States federal statutory income tax rate to income before income taxes is as follows:&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;At U.S. federal income tax rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21.0&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21.0&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;21.0&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;State income tax, net of federal benefit&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.9&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.8&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Change in uncertain tax positions&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1.5)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1.2)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Stock-based compensation&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3.6)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign partnership basis adjustment&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1.4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#x2014;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Noncontrolling interests&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1.0)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1.0)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1.2)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.2&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.1&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Other&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.3&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(0.9)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.5&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Effective tax rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;28.6&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23.7&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;19.4&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
    <us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate contextRef="c-1" decimals="3" id="f-1186" unitRef="number">0.210</us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate>
    <us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate contextRef="c-6" decimals="3" id="f-1187" unitRef="number">0.210</us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate>
    <us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate contextRef="c-7" decimals="3" id="f-1188" unitRef="number">0.210</us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate>
    <us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes contextRef="c-1" decimals="3" id="f-1189" unitRef="number">0.029</us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
    <us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes contextRef="c-6" decimals="3" id="f-1190" unitRef="number">0.022</us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
    <us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes contextRef="c-7" decimals="3" id="f-1191" unitRef="number">0.038</us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
    <mtn:EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions contextRef="c-1" decimals="3" id="f-1192" unitRef="number">0.001</mtn:EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions>
    <mtn:EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions contextRef="c-6" decimals="3" id="f-1193" unitRef="number">0.015</mtn:EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions>
    <mtn:EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions contextRef="c-7" decimals="3" id="f-1194" unitRef="number">0.012</mtn:EffectiveIncomeTaxRateReconciliationUncertainTaxProvisions>
    <us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent contextRef="c-1" decimals="3" id="f-1195" unitRef="number">0.003</us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent>
    <us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent contextRef="c-6" decimals="3" id="f-1196" unitRef="number">0.007</us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent>
    <us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent contextRef="c-7" decimals="3" id="f-1197" unitRef="number">-0.036</us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent>
    <mtn:EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment contextRef="c-1" decimals="3" id="f-1198" unitRef="number">0.014</mtn:EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment>
    <mtn:EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment contextRef="c-6" decimals="3" id="f-1199" unitRef="number">0</mtn:EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment>
    <mtn:EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment contextRef="c-7" decimals="3" id="f-1200" unitRef="number">0</mtn:EffectiveIncomeTaxRateReconciliationForeignPartnershipBasisAdjustment>
    <us-gaap:EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense contextRef="c-1" decimals="3" id="f-1201" unitRef="number">0.010</us-gaap:EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense>
    <us-gaap:EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense contextRef="c-6" decimals="3" id="f-1202" unitRef="number">0.010</us-gaap:EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense>
    <us-gaap:EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense contextRef="c-7" decimals="3" id="f-1203" unitRef="number">0.012</us-gaap:EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense>
    <us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential contextRef="c-1" decimals="3" id="f-1204" unitRef="number">0.036</us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential>
    <us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential contextRef="c-6" decimals="3" id="f-1205" unitRef="number">0.032</us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential>
    <us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential contextRef="c-7" decimals="3" id="f-1206" unitRef="number">0.001</us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential>
    <us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments contextRef="c-1" decimals="3" id="f-1207" unitRef="number">0.003</us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments>
    <us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments contextRef="c-6" decimals="3" id="f-1208" unitRef="number">-0.009</us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments>
    <us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments contextRef="c-7" decimals="3" id="f-1209" unitRef="number">0.005</us-gaap:EffectiveIncomeTaxRateReconciliationOtherAdjustments>
    <us-gaap:EffectiveIncomeTaxRateContinuingOperations contextRef="c-1" decimals="3" id="f-1210" unitRef="number">0.286</us-gaap:EffectiveIncomeTaxRateContinuingOperations>
    <us-gaap:EffectiveIncomeTaxRateContinuingOperations contextRef="c-6" decimals="3" id="f-1211" unitRef="number">0.237</us-gaap:EffectiveIncomeTaxRateContinuingOperations>
    <us-gaap:EffectiveIncomeTaxRateContinuingOperations contextRef="c-7" decimals="3" id="f-1212" unitRef="number">0.194</us-gaap:EffectiveIncomeTaxRateContinuingOperations>
    <us-gaap:SummaryOfIncomeTaxContingenciesTextBlock contextRef="c-1" id="f-1213">&lt;div style="margin-bottom:6pt;margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A reconciliation of the beginning and ending amount of unrecognized tax benefits associated with uncertain tax positions, excluding associated deferred tax benefits and accrued interest and penalties, if applicable, is as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year Ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance, beginning of year&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;51,680&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62,909&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;67,857&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Additions for tax positions of prior years&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,866&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,025&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;11,179&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;div style="padding-left:9pt"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lapse of statute of limitations&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(11,558)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(22,254)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(16,127)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Balance, end of year&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;50,988&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;51,680&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62,909&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:SummaryOfIncomeTaxContingenciesTextBlock>
    <us-gaap:UnrecognizedTaxBenefits contextRef="c-5" decimals="-3" id="f-1214" unitRef="usd">51680000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefits contextRef="c-30" decimals="-3" id="f-1215" unitRef="usd">62909000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefits contextRef="c-15" decimals="-3" id="f-1216" unitRef="usd">67857000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions contextRef="c-1" decimals="-3" id="f-1217" unitRef="usd">10866000</us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions>
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions contextRef="c-6" decimals="-3" id="f-1218" unitRef="usd">11025000</us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions>
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions contextRef="c-7" decimals="-3" id="f-1219" unitRef="usd">11179000</us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions>
    <us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations contextRef="c-1" decimals="-3" id="f-1220" unitRef="usd">11558000</us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations>
    <us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations contextRef="c-6" decimals="-3" id="f-1221" unitRef="usd">22254000</us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations>
    <us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations contextRef="c-7" decimals="-3" id="f-1222" unitRef="usd">16127000</us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations>
    <us-gaap:UnrecognizedTaxBenefits contextRef="c-4" decimals="-3" id="f-1223" unitRef="usd">50988000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefits contextRef="c-5" decimals="-3" id="f-1224" unitRef="usd">51680000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefits contextRef="c-30" decimals="-3" id="f-1225" unitRef="usd">62909000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefits contextRef="c-4" decimals="-5" id="f-1226" unitRef="usd">51000000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued contextRef="c-4" decimals="-5" id="f-1227" unitRef="usd">6100000</us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued>
    <us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations contextRef="c-1" decimals="-5" id="f-1228" unitRef="usd">11600000</us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations>
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions contextRef="c-1" decimals="-5" id="f-1229" unitRef="usd">10900000</us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions>
    <us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense contextRef="c-1" decimals="-5" id="f-1230" unitRef="usd">1000000</us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense>
    <us-gaap:OperatingLossCarryforwards contextRef="c-4" decimals="-5" id="f-1231" unitRef="usd">92600000</us-gaap:OperatingLossCarryforwards>
    <us-gaap:OperatingLossCarryforwards contextRef="c-249" decimals="-5" id="f-1232" unitRef="usd">5900000</us-gaap:OperatingLossCarryforwards>
    <us-gaap:OperatingLossCarryforwards contextRef="c-250" decimals="-5" id="f-1233" unitRef="usd">86700000</us-gaap:OperatingLossCarryforwards>
    <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="c-1" id="f-1234">Commitments and Contingencies&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"&gt;Guarantees/Indemnifications&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;As of July&#160;31, 2024, the Company had various letters of credit outstanding totaling $96.0&#160;million, consisting of $53.4&#160;million to support the Employee Housing Bonds; $6.4&#160;million to support bonds issued by Holland Creek Metropolitan District; and $36.2&#160;million primarily for workers&#x2019; compensation, a wind energy purchase agreement and insurance-related deductibles, as well as other standby letters of credit. The Company also had surety bonds of $9.5&#160;million as of July&#160;31, 2024, primarily to provide collateral for its U.S. workers compensation self-insurance programs.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;In addition to the guarantees noted above, the Company has entered into contracts in the normal course of business that include certain indemnifications under which it could be required to make payments to third parties upon the occurrence or non-occurrence of certain future events. These indemnities include indemnities related to licensees in connection with third-parties&#x2019; use of the Company&#x2019;s trademarks and logos, liabilities associated with the infringement of other parties&#x2019; technology and software products, liabilities associated with the use of easements, liabilities associated with employment of contract workers and the Company&#x2019;s use of trustees, and liabilities associated with the Company&#x2019;s use of public lands and environmental matters. The duration of these indemnities generally is indefinite and generally do not limit the future payments the Company could be obligated to make.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;As permitted under applicable law, the Company and certain of its subsidiaries have agreed to indemnify their directors and officers over their lifetimes for certain events or occurrences while the officer or director is, or was, serving the Company or its subsidiaries in such a capacity. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has a director and officer insurance policy that should enable the Company to recover a portion of any amounts paid.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Unless otherwise noted, the Company has not recorded any significant liabilities for the letters of credit, indemnities and other guarantees noted above in the accompanying Consolidated Financial Statements, either because the Company has recorded on its Consolidated Balance Sheets the underlying liability associated with the guarantee, the guarantee is with respect to the Company&#x2019;s own performance and is therefore not subject to the measurement requirements as prescribed by GAAP, or because the Company has calculated the estimated fair value of the indemnification or guarantee to be immaterial based on the current facts and circumstances that would trigger a payment under the indemnification clause. In addition, with respect to certain indemnifications it is not possible to determine the maximum potential amount of liability under these potential obligations due &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;to the unique set of facts and circumstances likely to be involved in each particular claim and indemnification provision. Historically, payments made by the Company under these obligations have not been material.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;As noted above, the Company makes certain indemnifications to licensees for their use of the Company&#x2019;s trademarks and logos. The Company does not record any liabilities with respect to these indemnifications.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"&gt;Commitments&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The operations of Northstar are conducted on land and with operating assets owned by affiliates of EPR Properties, a real-estate investment trust, primarily under operating leases which were assumed in the acquisition of Northstar by the Company. In addition, the leases provide for the payment of percentage rent of certain gross revenues generated at the property over a revenue threshold which is incrementally adjusted annually. The initial term of the leases expires in fiscal 2027 and allows for three 10-year extensions at the Company&#x2019;s option. The operations of Perisher are conducted on land under a license and lease granted by the Office of Environment and Heritage, an agency of the New South Wales government, which initially commenced in 2008, and which the Company assumed in its acquisition of Perisher. The lease and license has a term that expires in fiscal 2048 and allows for an option to renew for an additional 20 years. The lease and license provide for the payment of an initial minimum annual base rent, with annual CPI increases, and percentage rent of certain gross revenue generated at the property. The operations of Falls Creek and Hotham are conducted on land under leases granted by the Governor of the State of Victoria, Australia and its dependencies, which initially commenced in 1991 and 1992, respectively, which the Company assumed in its acquisition of Falls Creek and Hotham in April 2019. The leases have terms that expire in fiscal 2041 for Falls Creek and fiscal 2058 for Hotham, and provide for the payment of rent with both a fixed and variable component. The operations of Mad River Mountain are conducted on land under a lease granted by EPT Mad River, Inc., which initially commenced in 2005, which the Company assumed in its acquisition of Peak Resorts in September 2019. The lease has a term that expires in the year ending July&#160;31, 2035, and provides for the payment of an initial minimum annual base rent, with annual CPI increases, and percentage rent of certain gross revenue generated at the property. The operations of Laurel Mountain are conducted on land under a concessioner lease agreement with the Commonwealth of Pennsylvania, acting through the Department of Conservation and Natural Resources (&#x201c;Department&#x201d;), which initially commenced in 2018, which the Company assumed in its acquisition of the Seven Springs Resorts in December 2021. The agreement has a term that expires in the year ending July 31, 2052, and provides for the payment of an initial minimum annual base rent, with bi-annual CPI increases, and additional rent based on skier visits. The operations of Andermatt-Sedrun are conducted on (i) land owned by ASA as freehold or leasehold properties, including land owned by Usern Corporation, for which operations are conducted under a main framework concession agreement that expires in the year ending July 31, 2033 and provides for annual concession and administrative fee payments, and land owned by the Swiss Confederation, for which operations are conducted under leasehold agreements which expire in the years ending July 31, 2067 and 2068; (ii) land owned by the municipality of Tujetsch, for which operations are conducted under various building rights and rights of way which expire in the year ending July 31, 2033 and provide for annual concession fee payments; and (iii) land owned by private property owners. Portions of our operations at Crans-Montana are located on land owned by regional Bourgeoisies, the municipality of Crans-Montana and private property owners, whereby the owners have granted building rights and/or easements for the operations. Such leasehold property rights expire between 2027 and 2094, and we will then be able to negotiate for an extension. These leasehold properties primarily relate to forest and agricultural zones for which usage is needed for the operation of the ski lifts (e.g. passing through of ski lifts or in connection with the arrival or departure stations of the ski lifts) and are spread over the entire ski resort. The transportation and ski infrastructure operations of Andermatt-Sedrun and Crans-Montana also operate under various concessions from the Federal Office of Transport, which have terms expiring in the years ending July 31, 2032 through 2047. Additionally, the Company has entered into strategic long-term season pass alliance agreements with third-party mountain resorts in which the Company has committed to pay minimum revenue guarantees over the remaining terms of these agreements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company has executed or assumed as lessee other operating leases for the rental of office and commercial space, employee residential units and land primarily through fiscal 2095. Certain of these leases have renewal terms at the Company&#x2019;s option, escalation clauses, rent holidays and leasehold improvement incentives. Rent holidays and rent escalation clauses are recognized on a straight-line basis over the lease term. Leasehold improvement incentives are recorded as leasehold improvements and amortized over the shorter of their economic lives or the term of the lease. For the years ended July&#160;31, 2024, 2023 and 2022, the Company recorded lease expense (including for the lease obligations discussed above), excluding executory costs, related to these agreements of $71.7 million, $71.3 million and $61.2 million, respectively, which is included on the accompanying Consolidated Statements of Operations. See Note 4, Leases, for additional information regarding the Company&#x2019;s leasing arrangements.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"&gt;Self-Insurance&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company is self-insured for claims under its U.S. health benefit plans and for the majority of workers&#x2019; compensation claims in the U.S. Workers compensation claims in the U.S. are subject to stop loss policies. The self-insurance liability related to workers&#x2019; compensation is determined actuarially based on claims filed. The self-insurance liability related to claims under the Company&#x2019;s U.S. health benefit plans is determined based on analysis of actual claims. The amounts related to these claims are included as a component of accrued benefits in accounts payable and accrued liabilities (see Note 8, Supplementary Balance Sheet Information).&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"&gt;Legal&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company is a party to various lawsuits arising in the ordinary course of business. The Company will assess the probability of an unfavorable outcome of any material litigation, claims or assessments to determine whether a liability had been incurred and whether it is probable that one or more future events will occur confirming the fact of the loss. In the event that an unfavorable outcome is determined to be probable and the amount of the loss can be reasonably estimated, the Company will establish an accrual for the litigation, claim or assessment. In addition, in the event an unfavorable outcome is determined to be less than probable, but reasonably possible, the Company will disclose an estimate of the possible loss or range of such loss; however, when a reasonable estimate cannot be made, the Company will provide disclosure to that effect. Litigation is inherently uncertain and may result in adverse rulings or decisions. Additionally, the Company may enter into settlements or be subject to judgments that may, individually or in the aggregate, have a material adverse effect on its results of operations. Accordingly, actual results could differ materially. Management believes the Company has adequate insurance coverage and/or has accrued for all loss contingencies for asserted and unasserted matters deemed to be probable and reasonably estimable losses. As of July&#160;31, 2024 and 2023, the accruals for such loss contingencies were not material individually or in the aggregate.&lt;/span&gt;&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
    <us-gaap:LettersOfCreditOutstandingAmount contextRef="c-4" decimals="-5" id="f-1235" unitRef="usd">96000000</us-gaap:LettersOfCreditOutstandingAmount>
    <us-gaap:LettersOfCreditOutstandingAmount contextRef="c-251" decimals="-5" id="f-1236" unitRef="usd">53400000</us-gaap:LettersOfCreditOutstandingAmount>
    <us-gaap:LettersOfCreditOutstandingAmount contextRef="c-252" decimals="-5" id="f-1237" unitRef="usd">6400000</us-gaap:LettersOfCreditOutstandingAmount>
    <us-gaap:LettersOfCreditOutstandingAmount contextRef="c-253" decimals="-5" id="f-1238" unitRef="usd">36200000</us-gaap:LettersOfCreditOutstandingAmount>
    <mtn:SuretyBondsOutstanding contextRef="c-4" decimals="-5" id="f-1239" unitRef="usd">9500000</mtn:SuretyBondsOutstanding>
    <mtn:LeaseExpirationYear contextRef="c-254" id="f-1240">2027</mtn:LeaseExpirationYear>
    <mtn:NumberOfOptionalLeaseRenewalTerms
      contextRef="c-1"
      decimals="INF"
      id="f-1241"
      unitRef="number">3</mtn:NumberOfOptionalLeaseRenewalTerms>
    <mtn:OptionalLeaseRenewalTerm contextRef="c-254" id="f-1242">10</mtn:OptionalLeaseRenewalTerm>
    <mtn:LeaseExpirationYear contextRef="c-255" id="f-1243">2048</mtn:LeaseExpirationYear>
    <mtn:OptionalLeaseRenewalTerm contextRef="c-255" id="f-1244">20 years</mtn:OptionalLeaseRenewalTerm>
    <mtn:DescriptionofPercentageRent contextRef="c-255" id="f-1245">of certain gross revenue</mtn:DescriptionofPercentageRent>
    <mtn:LeaseExpirationYear contextRef="c-256" id="f-1246">2041</mtn:LeaseExpirationYear>
    <mtn:LeaseExpirationYear contextRef="c-257" id="f-1247">2058</mtn:LeaseExpirationYear>
    <us-gaap:LeaseExpirationDate1 contextRef="c-258" id="f-1248">2035-07-31</us-gaap:LeaseExpirationDate1>
    <mtn:LeaseExpirationYear contextRef="c-213" id="f-1249">2052</mtn:LeaseExpirationYear>
    <mtn:LeaseExpirationYear contextRef="c-259" id="f-1250">2033</mtn:LeaseExpirationYear>
    <mtn:LeaseExpirationYear contextRef="c-260" id="f-1251">2067</mtn:LeaseExpirationYear>
    <mtn:LeaseExpirationYear contextRef="c-261" id="f-1252">2068</mtn:LeaseExpirationYear>
    <mtn:LeaseExpirationYear contextRef="c-262" id="f-1253">2033</mtn:LeaseExpirationYear>
    <mtn:LeaseExpirationYear contextRef="c-263" id="f-1254">2027</mtn:LeaseExpirationYear>
    <mtn:LeaseExpirationYear contextRef="c-264" id="f-1255">2094</mtn:LeaseExpirationYear>
    <mtn:LeaseExpirationYear contextRef="c-265" id="f-1256">2032</mtn:LeaseExpirationYear>
    <mtn:LeaseExpirationYear contextRef="c-266" id="f-1257">2047</mtn:LeaseExpirationYear>
    <mtn:LeaseExpirationYear contextRef="c-205" id="f-1258">2095</mtn:LeaseExpirationYear>
    <us-gaap:OperatingLeaseExpense contextRef="c-1" decimals="-5" id="f-1259" unitRef="usd">71700000</us-gaap:OperatingLeaseExpense>
    <us-gaap:OperatingLeaseExpense contextRef="c-6" decimals="-5" id="f-1260" unitRef="usd">71300000</us-gaap:OperatingLeaseExpense>
    <us-gaap:OperatingLeaseExpense contextRef="c-7" decimals="-5" id="f-1261" unitRef="usd">61200000</us-gaap:OperatingLeaseExpense>
    <us-gaap:SegmentReportingDisclosureTextBlock contextRef="c-1" id="f-1262">Segment and Geographic Area Information&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"&gt;Segment Information&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company has three reportable segments: Mountain, Lodging and Real Estate. The Company refers to &#x201c;Resort&#x201d; as the combination of the Mountain and Lodging segments. The Mountain segment includes the operations of the Company&#x2019;s mountain resorts/ski areas and related ancillary activities. The Lodging segment includes the operations of the Company&#x2019;s owned hotels, RockResorts, NPS concessioner properties, condominium management, Colorado resort ground transportation operations and mountain resort golf operations. The Real Estate segment owns, develops and sells real estate in and around the Company&#x2019;s resort communities. The Company&#x2019;s reportable segments, although integral to the success of the others, offer distinctly different products and services and require different types of management focus. As such, these segments are managed separately.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company reports its segment results using Reported EBITDA (defined as segment net revenue less segment operating expenses, plus segment equity investment income or loss, and for the Real Estate segment, plus gain or loss on sale of real property). The Company reports segment results in a manner consistent with management&#x2019;s internal reporting of operating results to the chief operating decision maker (Chief Executive Officer) for purposes of evaluating segment performance.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Items excluded from Reported EBITDA are significant components in understanding and assessing financial performance. Reported EBITDA should not be considered in isolation or as an alternative to, or substitute for, net income, net change in cash and cash equivalents or other financial statement data presented in the accompanying Consolidated Financial Statements as indicators of financial performance or liquidity.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company utilizes Reported EBITDA in evaluating the performance of the Company and in allocating resources to its segments. Mountain Reported EBITDA consists of Mountain net revenue less Mountain operating expense plus Mountain equity investment income or loss. Lodging Reported EBITDA consists of Lodging net revenue less Lodging operating expense. Real Estate Reported EBITDA consists of Real Estate net revenue less Real Estate operating expense plus gain or loss on sale of real property. All segment expenses include an allocation of corporate administrative expense. Assets are not used to evaluate performance, except as shown in the table below. The accounting policies specific to each segment are the same as those described in Note 2, Summary of Significant Accounting Policies.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The following table presents key financial information by reportable segment, which is used by management in evaluating performance and allocating resources (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net revenue:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,544,370&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,540,906&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,213,114&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;336,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;340,393&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;312,090&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Resort net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,880,487&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,881,299&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,525,204&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real Estate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,704&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,065&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;708&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total net revenue&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,885,191&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,889,364&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,525,912&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Segment operating expense:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,743,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,718,941&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,404,527&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;313,099&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;328,126&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;286,343&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Resort operating expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,056,450&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,047,067&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,690,870&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real Estate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,514&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,635&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,911&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total segment operating expense&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,065,964&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,057,702&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,696,781&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gain on sale of real property&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,285&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;842&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain equity investment income, net&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,053&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;605&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,580&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Reported EBITDA:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;802,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;822,570&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;811,167&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,267&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,747&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Resort&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;825,090&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;834,837&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;836,914&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real Estate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,475&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,728)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,927)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Reported EBITDA&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;826,565&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;833,109&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;832,987&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate held for sale or investment&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;86,548&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;90,207&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;95,983&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Reconciliation of net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income attributable to Vail Resorts, Inc.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;230,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;268,148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;347,923&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income attributable to noncontrolling interests&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,874&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,955&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,414&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;246,279&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;285,103&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;368,337&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Provision for income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;98,816&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,414&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,824&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Income before provision for income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;345,095&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;373,517&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;457,161&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Depreciation and amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;276,493&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;268,501&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;252,391&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loss (gain) on disposal of fixed assets and other, net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,633&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,070&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(43,992)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Change in estimated fair value of contingent consideration&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;47,957&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;49,836&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,280&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment income and other, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(18,592)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,744)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,718)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign currency loss on intercompany loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,140&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,907&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,682&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest expense, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;161,839&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;153,022&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;148,183&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Reported EBITDA&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;826,565&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;833,109&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;832,987&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;padding-left:13.5pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; During the year ended July 31, 2022, the Company recognized a gain of $32.2&#160;million from the sale of a hotel property in Breckenridge.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"&gt;Geographic Information&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Net revenue and long-lived assets, excluding financial instruments and deferred tax assets, by geographic region are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.694%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.635%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.635%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.636%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;U.S.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,386,749&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,366,342&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,228,708&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;International &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;498,442&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;523,022&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;297,204&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total net revenue&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,885,191&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,889,364&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,525,912&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Long-lived assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;U.S.&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,858,275&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,853,758&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;International &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,925,108&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,882,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total long-lived assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,783,383&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,735,776&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1) &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The only individual international country (i.e. except the U.S.) to account for more than 10% of the Company&#x2019;s net revenue was Canada. Canada accounted for $326.2&#160;million and $321.7&#160;million of net revenue for the year ended July&#160;31, 2024 and 2023, respectively. For the year ended July 31, 2022, no individual international country accounted for more than 10% of the Company&#x2019;s net revenue.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The only individual international country to account for more than 10% of the Company&#x2019;s long-lived assets was Canada. Canada accounted for $1,373.8 million and $1,446.0 million of long-lived assets as of July&#160;31, 2024 and 2023, respectively.&lt;/span&gt;&lt;/div&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
    <us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock contextRef="c-1" id="f-1263">&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net revenue:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,544,370&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,540,906&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,213,114&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;336,117&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;340,393&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;312,090&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Resort net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,880,487&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,881,299&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,525,204&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real Estate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,704&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;8,065&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;708&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total net revenue&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,885,191&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,889,364&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,525,912&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Segment operating expense:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,743,351&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,718,941&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,404,527&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;313,099&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;328,126&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;286,343&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Resort operating expense&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,056,450&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,047,067&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,690,870&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real Estate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,514&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;10,635&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,911&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total segment operating expense&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,065,964&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,057,702&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,696,781&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Gain on sale of real property&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6,285&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;842&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,276&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain equity investment income, net&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,053&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;605&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,580&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Reported EBITDA:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Mountain&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;802,072&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;822,570&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;811,167&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Lodging&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;23,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;12,267&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;25,747&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Resort&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;825,090&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;834,837&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;836,914&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real Estate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,475&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(1,728)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,927)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Reported EBITDA&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;826,565&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;833,109&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;832,987&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Real estate held for sale or investment&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;86,548&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;90,207&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;95,983&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Reconciliation of net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income attributable to Vail Resorts, Inc.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;230,405&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;268,148&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;347,923&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income attributable to noncontrolling interests&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;15,874&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;16,955&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,414&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Net income&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;246,279&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;285,103&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;368,337&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Provision for income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;98,816&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,414&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;88,824&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Income before provision for income taxes&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;345,095&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;373,517&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;457,161&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Depreciation and amortization&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;276,493&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;268,501&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;252,391&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;td colspan="3" style="display:none"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Loss (gain) on disposal of fixed assets and other, net &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,633&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;9,070&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(43,992)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Change in estimated fair value of contingent consideration&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;47,957&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;49,836&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;20,280&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Investment income and other, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(18,592)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(23,744)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(3,718)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Foreign currency loss on intercompany loans&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,140&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,907&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,682&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Interest expense, net&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;161,839&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;153,022&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;148,183&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total Reported EBITDA&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;826,565&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;833,109&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;832,987&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock>
    <mtn:MountainRevenueNet contextRef="c-1" decimals="-3" id="f-1264" unitRef="usd">2544370000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-1" decimals="-3" id="f-1265" unitRef="usd">2544370000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-6" decimals="-3" id="f-1266" unitRef="usd">2540906000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-6" decimals="-3" id="f-1267" unitRef="usd">2540906000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-7" decimals="-3" id="f-1268" unitRef="usd">2213114000</mtn:MountainRevenueNet>
    <mtn:MountainRevenueNet contextRef="c-7" decimals="-3" id="f-1269" unitRef="usd">2213114000</mtn:MountainRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-1" decimals="-3" id="f-1270" unitRef="usd">336117000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-6" decimals="-3" id="f-1271" unitRef="usd">340393000</mtn:LodgingRevenueNet>
    <mtn:LodgingRevenueNet contextRef="c-7" decimals="-3" id="f-1272" unitRef="usd">312090000</mtn:LodgingRevenueNet>
    <mtn:ResortRevenueNet contextRef="c-1" decimals="-3" id="f-1273" unitRef="usd">2880487000</mtn:ResortRevenueNet>
    <mtn:ResortRevenueNet contextRef="c-6" decimals="-3" id="f-1274" unitRef="usd">2881299000</mtn:ResortRevenueNet>
    <mtn:ResortRevenueNet contextRef="c-7" decimals="-3" id="f-1275" unitRef="usd">2525204000</mtn:ResortRevenueNet>
    <mtn:RealEstateRevenue contextRef="c-1" decimals="-3" id="f-1276" unitRef="usd">4704000</mtn:RealEstateRevenue>
    <mtn:RealEstateRevenue contextRef="c-6" decimals="-3" id="f-1277" unitRef="usd">8065000</mtn:RealEstateRevenue>
    <mtn:RealEstateRevenue contextRef="c-7" decimals="-3" id="f-1278" unitRef="usd">708000</mtn:RealEstateRevenue>
    <us-gaap:Revenues contextRef="c-1" decimals="-3" id="f-1279" unitRef="usd">2885191000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-6" decimals="-3" id="f-1280" unitRef="usd">2889364000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-7" decimals="-3" id="f-1281" unitRef="usd">2525912000</us-gaap:Revenues>
    <mtn:MountainExpensesNet contextRef="c-1" decimals="-3" id="f-1282" unitRef="usd">1743351000</mtn:MountainExpensesNet>
    <mtn:MountainExpensesNet contextRef="c-6" decimals="-3" id="f-1283" unitRef="usd">1718941000</mtn:MountainExpensesNet>
    <mtn:MountainExpensesNet contextRef="c-7" decimals="-3" id="f-1284" unitRef="usd">1404527000</mtn:MountainExpensesNet>
    <mtn:LodgingExpensesNet contextRef="c-1" decimals="-3" id="f-1285" unitRef="usd">313099000</mtn:LodgingExpensesNet>
    <mtn:LodgingExpensesNet contextRef="c-6" decimals="-3" id="f-1286" unitRef="usd">328126000</mtn:LodgingExpensesNet>
    <mtn:LodgingExpensesNet contextRef="c-7" decimals="-3" id="f-1287" unitRef="usd">286343000</mtn:LodgingExpensesNet>
    <mtn:ResortExpensesNet contextRef="c-1" decimals="-3" id="f-1288" unitRef="usd">2056450000</mtn:ResortExpensesNet>
    <mtn:ResortExpensesNet contextRef="c-6" decimals="-3" id="f-1289" unitRef="usd">2047067000</mtn:ResortExpensesNet>
    <mtn:ResortExpensesNet contextRef="c-7" decimals="-3" id="f-1290" unitRef="usd">1690870000</mtn:ResortExpensesNet>
    <mtn:RealEstateExpense contextRef="c-1" decimals="-3" id="f-1291" unitRef="usd">9514000</mtn:RealEstateExpense>
    <mtn:RealEstateExpense contextRef="c-6" decimals="-3" id="f-1292" unitRef="usd">10635000</mtn:RealEstateExpense>
    <mtn:RealEstateExpense contextRef="c-7" decimals="-3" id="f-1293" unitRef="usd">5911000</mtn:RealEstateExpense>
    <mtn:OperatingCostsExpensesAndCostOfSales contextRef="c-1" decimals="-3" id="f-1294" unitRef="usd">2065964000</mtn:OperatingCostsExpensesAndCostOfSales>
    <mtn:OperatingCostsExpensesAndCostOfSales contextRef="c-6" decimals="-3" id="f-1295" unitRef="usd">2057702000</mtn:OperatingCostsExpensesAndCostOfSales>
    <mtn:OperatingCostsExpensesAndCostOfSales contextRef="c-7" decimals="-3" id="f-1296" unitRef="usd">1696781000</mtn:OperatingCostsExpensesAndCostOfSales>
    <mtn:GainOnSaleOfRealProperty contextRef="c-1" decimals="-3" id="f-1297" unitRef="usd">6285000</mtn:GainOnSaleOfRealProperty>
    <mtn:GainOnSaleOfRealProperty contextRef="c-6" decimals="-3" id="f-1298" unitRef="usd">842000</mtn:GainOnSaleOfRealProperty>
    <mtn:GainOnSaleOfRealProperty contextRef="c-7" decimals="-3" id="f-1299" unitRef="usd">1276000</mtn:GainOnSaleOfRealProperty>
    <mtn:MountainEquityInvestmentIncomeLossNet contextRef="c-1" decimals="-3" id="f-1300" unitRef="usd">1053000</mtn:MountainEquityInvestmentIncomeLossNet>
    <mtn:MountainEquityInvestmentIncomeLossNet contextRef="c-6" decimals="-3" id="f-1301" unitRef="usd">605000</mtn:MountainEquityInvestmentIncomeLossNet>
    <mtn:MountainEquityInvestmentIncomeLossNet contextRef="c-7" decimals="-3" id="f-1302" unitRef="usd">2580000</mtn:MountainEquityInvestmentIncomeLossNet>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-229" decimals="-3" id="f-1303" unitRef="usd">802072000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-225" decimals="-3" id="f-1304" unitRef="usd">822570000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-267" decimals="-3" id="f-1305" unitRef="usd">811167000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-230" decimals="-3" id="f-1306" unitRef="usd">23018000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-226" decimals="-3" id="f-1307" unitRef="usd">12267000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-268" decimals="-3" id="f-1308" unitRef="usd">25747000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-269" decimals="-3" id="f-1309" unitRef="usd">825090000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-270" decimals="-3" id="f-1310" unitRef="usd">834837000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-271" decimals="-3" id="f-1311" unitRef="usd">836914000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-272" decimals="-3" id="f-1312" unitRef="usd">1475000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-273" decimals="-3" id="f-1313" unitRef="usd">-1728000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-274" decimals="-3" id="f-1314" unitRef="usd">-3927000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-1" decimals="-3" id="f-1315" unitRef="usd">826565000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-6" decimals="-3" id="f-1316" unitRef="usd">833109000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-7" decimals="-3" id="f-1317" unitRef="usd">832987000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <us-gaap:InventoryRealEstate contextRef="c-4" decimals="-3" id="f-1318" unitRef="usd">86548000</us-gaap:InventoryRealEstate>
    <us-gaap:InventoryRealEstate contextRef="c-5" decimals="-3" id="f-1319" unitRef="usd">90207000</us-gaap:InventoryRealEstate>
    <us-gaap:InventoryRealEstate contextRef="c-30" decimals="-3" id="f-1320" unitRef="usd">95983000</us-gaap:InventoryRealEstate>
    <us-gaap:NetIncomeLoss contextRef="c-1" decimals="-3" id="f-1321" unitRef="usd">230405000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-6" decimals="-3" id="f-1322" unitRef="usd">268148000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="c-7" decimals="-3" id="f-1323" unitRef="usd">347923000</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="c-1" decimals="-3" id="f-1324" unitRef="usd">15874000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
    <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="c-6" decimals="-3" id="f-1325" unitRef="usd">16955000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
    <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="c-7" decimals="-3" id="f-1326" unitRef="usd">20414000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
    <us-gaap:ProfitLoss contextRef="c-1" decimals="-3" id="f-1327" unitRef="usd">246279000</us-gaap:ProfitLoss>
    <us-gaap:ProfitLoss contextRef="c-6" decimals="-3" id="f-1328" unitRef="usd">285103000</us-gaap:ProfitLoss>
    <us-gaap:ProfitLoss contextRef="c-7" decimals="-3" id="f-1329" unitRef="usd">368337000</us-gaap:ProfitLoss>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="c-1" decimals="-3" id="f-1330" unitRef="usd">98816000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="c-6" decimals="-3" id="f-1331" unitRef="usd">88414000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="c-7" decimals="-3" id="f-1332" unitRef="usd">88824000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="c-1" decimals="-3" id="f-1333" unitRef="usd">345095000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="c-6" decimals="-3" id="f-1334" unitRef="usd">373517000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="c-7" decimals="-3" id="f-1335" unitRef="usd">457161000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
    <us-gaap:DepreciationAndAmortization contextRef="c-1" decimals="-3" id="f-1336" unitRef="usd">276493000</us-gaap:DepreciationAndAmortization>
    <us-gaap:DepreciationAndAmortization contextRef="c-6" decimals="-3" id="f-1337" unitRef="usd">268501000</us-gaap:DepreciationAndAmortization>
    <us-gaap:DepreciationAndAmortization contextRef="c-7" decimals="-3" id="f-1338" unitRef="usd">252391000</us-gaap:DepreciationAndAmortization>
    <us-gaap:GainLossOnDispositionOfAssets contextRef="c-1" decimals="-3" id="f-1339" unitRef="usd">-9633000</us-gaap:GainLossOnDispositionOfAssets>
    <us-gaap:GainLossOnDispositionOfAssets contextRef="c-6" decimals="-3" id="f-1340" unitRef="usd">-9070000</us-gaap:GainLossOnDispositionOfAssets>
    <us-gaap:GainLossOnDispositionOfAssets contextRef="c-7" decimals="-3" id="f-1341" unitRef="usd">43992000</us-gaap:GainLossOnDispositionOfAssets>
    <mtn:ChangeinFairValueofContingentConsideration contextRef="c-1" decimals="-3" id="f-1342" unitRef="usd">47957000</mtn:ChangeinFairValueofContingentConsideration>
    <mtn:ChangeinFairValueofContingentConsideration contextRef="c-6" decimals="-3" id="f-1343" unitRef="usd">49836000</mtn:ChangeinFairValueofContingentConsideration>
    <mtn:ChangeinFairValueofContingentConsideration contextRef="c-7" decimals="-3" id="f-1344" unitRef="usd">20280000</mtn:ChangeinFairValueofContingentConsideration>
    <us-gaap:InvestmentIncomeInterest contextRef="c-1" decimals="-3" id="f-1345" unitRef="usd">18592000</us-gaap:InvestmentIncomeInterest>
    <us-gaap:InvestmentIncomeInterest contextRef="c-6" decimals="-3" id="f-1346" unitRef="usd">23744000</us-gaap:InvestmentIncomeInterest>
    <us-gaap:InvestmentIncomeInterest contextRef="c-7" decimals="-3" id="f-1347" unitRef="usd">3718000</us-gaap:InvestmentIncomeInterest>
    <us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="c-1" decimals="-3" id="f-1348" unitRef="usd">-4140000</us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
    <us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="c-6" decimals="-3" id="f-1349" unitRef="usd">-2907000</us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
    <us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="c-7" decimals="-3" id="f-1350" unitRef="usd">-2682000</us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
    <us-gaap:InterestExpense contextRef="c-1" decimals="-3" id="f-1351" unitRef="usd">161839000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense contextRef="c-6" decimals="-3" id="f-1352" unitRef="usd">153022000</us-gaap:InterestExpense>
    <us-gaap:InterestExpense contextRef="c-7" decimals="-3" id="f-1353" unitRef="usd">148183000</us-gaap:InterestExpense>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-1" decimals="-3" id="f-1354" unitRef="usd">826565000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-6" decimals="-3" id="f-1355" unitRef="usd">833109000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <mtn:EarningBeforeInterestTaxesDepreciationAndAmortization contextRef="c-7" decimals="-3" id="f-1356" unitRef="usd">832987000</mtn:EarningBeforeInterestTaxesDepreciationAndAmortization>
    <us-gaap:GainLossOnSaleOfPropertyPlantEquipment contextRef="c-275" decimals="-5" id="f-1357" unitRef="usd">32200000</us-gaap:GainLossOnSaleOfPropertyPlantEquipment>
    <us-gaap:RevenueFromExternalCustomersByGeographicAreasTableTextBlock contextRef="c-1" id="f-1358">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"&gt;Geographic Information&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:6pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Net revenue and long-lived assets, excluding financial instruments and deferred tax assets, by geographic region are as follows (in thousands):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.694%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.635%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.635%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.636%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Net revenue&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;U.S.&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,386,749&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,366,342&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,228,708&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;International &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;498,442&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;523,022&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;297,204&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total net revenue&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,885,191&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,889,364&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,525,912&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:15pt"&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"&gt;Long-lived assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;U.S.&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,858,275&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2,853,758&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;International &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,925,108&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;1,882,018&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Total long-lived assets&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,783,383&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4,735,776&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(1) &lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The only individual international country (i.e. except the U.S.) to account for more than 10% of the Company&#x2019;s net revenue was Canada. Canada accounted for $326.2&#160;million and $321.7&#160;million of net revenue for the year ended July&#160;31, 2024 and 2023, respectively. For the year ended July 31, 2022, no individual international country accounted for more than 10% of the Company&#x2019;s net revenue.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;padding-left:18pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline"&gt;(2)&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt; The only individual international country to account for more than 10% of the Company&#x2019;s long-lived assets was Canada. Canada accounted for $1,373.8 million and $1,446.0 million of long-lived assets as of July&#160;31, 2024 and 2023, respectively.&lt;/span&gt;&lt;/div&gt;</us-gaap:RevenueFromExternalCustomersByGeographicAreasTableTextBlock>
    <us-gaap:Revenues contextRef="c-276" decimals="-3" id="f-1359" unitRef="usd">2386749000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-277" decimals="-3" id="f-1360" unitRef="usd">2366342000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-278" decimals="-3" id="f-1361" unitRef="usd">2228708000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-279" decimals="-3" id="f-1362" unitRef="usd">498442000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-280" decimals="-3" id="f-1363" unitRef="usd">523022000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-281" decimals="-3" id="f-1364" unitRef="usd">297204000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-1" decimals="-3" id="f-1365" unitRef="usd">2885191000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-6" decimals="-3" id="f-1366" unitRef="usd">2889364000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-7" decimals="-3" id="f-1367" unitRef="usd">2525912000</us-gaap:Revenues>
    <us-gaap:NoncurrentAssets contextRef="c-282" decimals="-3" id="f-1368" unitRef="usd">2858275000</us-gaap:NoncurrentAssets>
    <us-gaap:NoncurrentAssets contextRef="c-283" decimals="-3" id="f-1369" unitRef="usd">2853758000</us-gaap:NoncurrentAssets>
    <us-gaap:NoncurrentAssets contextRef="c-284" decimals="-3" id="f-1370" unitRef="usd">1925108000</us-gaap:NoncurrentAssets>
    <us-gaap:NoncurrentAssets contextRef="c-285" decimals="-3" id="f-1371" unitRef="usd">1882018000</us-gaap:NoncurrentAssets>
    <us-gaap:NoncurrentAssets contextRef="c-4" decimals="-3" id="f-1372" unitRef="usd">4783383000</us-gaap:NoncurrentAssets>
    <us-gaap:NoncurrentAssets contextRef="c-5" decimals="-3" id="f-1373" unitRef="usd">4735776000</us-gaap:NoncurrentAssets>
    <us-gaap:Revenues contextRef="c-286" decimals="-5" id="f-1374" unitRef="usd">326200000</us-gaap:Revenues>
    <us-gaap:Revenues contextRef="c-287" decimals="-5" id="f-1375" unitRef="usd">321700000</us-gaap:Revenues>
    <us-gaap:NoncurrentAssets contextRef="c-288" decimals="-3" id="f-1376" unitRef="usd">1373800000</us-gaap:NoncurrentAssets>
    <us-gaap:NoncurrentAssets contextRef="c-289" decimals="-3" id="f-1377" unitRef="usd">1446000000</us-gaap:NoncurrentAssets>
    <us-gaap:ScheduleOfTreasuryStockByClassTextBlock contextRef="c-1" id="f-1378">Share Repurchase Program&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;On March&#160;9, 2006, the Company&#x2019;s Board of Directors approved a share repurchase program, authorizing the Company to repurchase up to 3,000,000 Vail Shares. On July 16, 2008, December 4, 2015 and March 7, 2023, the Company&#x2019;s Board of Directors increased the authorization by an additional 3,000,000, 1,500,000 and 2,500,000 Vail Shares, respectively, for a total authorization to repurchase up to 10,000,000 Vail Shares. During the years ended July&#160;31, 2024, 2023 and 2022, the Company repurchased 721,378, 2,182,594 and 304,567 Vail Shares, respectively (at a total cost of $150.0&#160;million, $500.0 million and $75.0 million, respectively, excluding accrued excise tax, as discussed further below). Since inception of this stock repurchase program through July&#160;31, 2024, the Company has repurchased 9,369,680 shares at a cost of approximately $1,129.4 million. As of July&#160;31, 2024, 630,320 Vail Shares remained available to repurchase under the existing share repurchase program. On September 25, 2024, the Company&#x2019;s Board of Directors approved an increase in the number of shares authorized to be repurchased under the share repurchase program by an additional 1,100,000 Vail Shares. As a result, 1,730,320 Vail Shares are available to repurchase under the share repurchase program, which has no expiration date. Vail Shares purchased pursuant to the repurchase program will be held as treasury shares and may be used for issuance under the Company&#x2019;s employee share award plan.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;On August 16, 2022 the U.S. government enacted the Inflation Reduction Act of 2022, which imposed a 1.0% excise tax on share repurchases (net of estimated share issuances) made after December 31, 2022. As a result, the Company accrued approximately $1.4 million and $4.9 million of excise tax in connection with the share repurchases it completed during the years ended July&#160;31, 2024 and 2023, which was recorded as an adjustment to the cost basis of repurchased shares in treasury stock and accounts payable and accrued liabilities on the Company&#x2019;s Consolidated Balance Sheets as of July&#160;31, 2024 and 2023.&lt;/span&gt;&lt;/div&gt;</us-gaap:ScheduleOfTreasuryStockByClassTextBlock>
    <us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
      contextRef="c-290"
      decimals="0"
      id="f-1379"
      unitRef="shares">3000000</us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased>
    <mtn:StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased
      contextRef="c-291"
      decimals="0"
      id="f-1380"
      unitRef="shares">3000000</mtn:StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased>
    <mtn:StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased
      contextRef="c-292"
      decimals="0"
      id="f-1381"
      unitRef="shares">1500000</mtn:StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased>
    <mtn:StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased
      contextRef="c-293"
      decimals="0"
      id="f-1382"
      unitRef="shares">2500000</mtn:StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased>
    <us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased contextRef="c-4" decimals="0" id="f-1383" unitRef="shares">10000000</us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased>
    <us-gaap:TreasuryStockSharesAcquired contextRef="c-1" decimals="0" id="f-1384" unitRef="shares">721378</us-gaap:TreasuryStockSharesAcquired>
    <us-gaap:TreasuryStockSharesAcquired contextRef="c-6" decimals="0" id="f-1385" unitRef="shares">2182594</us-gaap:TreasuryStockSharesAcquired>
    <us-gaap:TreasuryStockSharesAcquired contextRef="c-7" decimals="0" id="f-1386" unitRef="shares">304567</us-gaap:TreasuryStockSharesAcquired>
    <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="c-1" decimals="-5" id="f-1387" unitRef="usd">150000000</us-gaap:PaymentsForRepurchaseOfCommonStock>
    <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="c-6" decimals="-5" id="f-1388" unitRef="usd">500000000.0</us-gaap:PaymentsForRepurchaseOfCommonStock>
    <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="c-7" decimals="-5" id="f-1389" unitRef="usd">75000000.0</us-gaap:PaymentsForRepurchaseOfCommonStock>
    <us-gaap:TreasuryStockCommonShares contextRef="c-4" decimals="0" id="f-1390" unitRef="shares">9369680</us-gaap:TreasuryStockCommonShares>
    <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="c-294" decimals="-5" id="f-1391" unitRef="usd">1129400000</us-gaap:PaymentsForRepurchaseOfCommonStock>
    <us-gaap:StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased contextRef="c-4" decimals="0" id="f-1392" unitRef="shares">630320</us-gaap:StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased>
    <us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
      contextRef="c-295"
      decimals="0"
      id="f-1393"
      unitRef="shares">1100000</us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased>
    <us-gaap:TreasuryStockCommonShares
      contextRef="c-295"
      decimals="0"
      id="f-1394"
      unitRef="shares">1730320</us-gaap:TreasuryStockCommonShares>
    <us-gaap:SalesAndExciseTaxPayableCurrentAndNoncurrent contextRef="c-4" decimals="-5" id="f-1395" unitRef="usd">1400000</us-gaap:SalesAndExciseTaxPayableCurrentAndNoncurrent>
    <us-gaap:SalesAndExciseTaxPayableCurrentAndNoncurrent contextRef="c-5" decimals="-5" id="f-1396" unitRef="usd">4900000</us-gaap:SalesAndExciseTaxPayableCurrentAndNoncurrent>
    <us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock contextRef="c-1" id="f-1397">Stock Compensation Plan&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company has a share award plan (the &#x201c;Plan&#x201d;) which has been approved by the Company&#x2019;s stockholders. Under the Plan, up to 4.4 million shares of common stock could be issued in the form of options, stock appreciation rights, restricted shares, restricted share units, performance shares, performance share units, dividend equivalents or other share-based awards to employees, directors or consultants of the Company or its subsidiaries or affiliates. The terms of awards granted under the Plan, including exercise price, vesting period and life, are set by the Compensation Committee of the Board of Directors. All share-&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;based awards (except for restricted shares and restricted share units) granted under the Plan have a life of ten years. Most awards vest ratably over three years; however, some have been granted with different vesting schedules. Of the awards outstanding, none have been granted to non-employees (except those granted to non-employee members of the Board of Directors of the Company) under the Plan. At July&#160;31, 2024, approximately 1.8 million share-based awards were available to be granted under the Plan.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The fair value of stock-settled stock appreciation rights (&#x201c;SARs&#x201d;) granted in the years ended July&#160;31, 2024, 2023 and 2022 were estimated on the date of grant using a lattice-based option valuation model that applies the assumptions noted in the table below. A lattice-based model considers factors such as exercise behavior, and assumes employees will exercise equity awards at different times over the contractual life of the equity awards. As a lattice-based model considers these factors, and is more flexible, the Company considers it to be a better method of valuing equity awards than a closed-form Black-Scholes model. Because lattice-based option valuation models incorporate ranges of assumptions for inputs, those ranges are disclosed. Expected volatility is based on historical volatility of the Company&#x2019;s stock. The Company uses historical data to estimate equity award exercises and employee terminations within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The expected term of equity awards granted is derived from the output of the option valuation model and represents the period of time that equity awards granted are expected to be outstanding; the range given below results from certain groups of employees exhibiting different behavior. The risk-free rate for periods within the contractual life of the equity award is based on the United States Treasury yield curve in effect at the time of grant.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Expected volatility&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30.0%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30.0%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31.0%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Expected dividend yield&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.4%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.2%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.1%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Expected term (average in years)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.4-6.7&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.5-6.8&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.4-6.8&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk-free rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.0-5.4%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.7-3.0%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.1-1.2%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company records actual forfeitures related to unvested awards upon employee terminations. &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A summary of aggregate SARs award activity under the Plan as of July&#160;31, 2024, 2023 and 2022, and changes during the years then ended is presented below (in thousands, except exercise price and contractual term):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:35.649%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.712%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.712%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.712%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.715%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Awards&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Weighted-Average&lt;br/&gt;Exercise Price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Weighted-Average&lt;br/&gt;Remaining&lt;br/&gt;Contractual Term&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Aggregate&lt;br/&gt;Intrinsic&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Outstanding at July 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;873&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;181.17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Granted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;360.69&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Exercised&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(278)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;93.32&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Forfeited or expired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;271.04&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Outstanding at July 31, 2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;679&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;241.13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Granted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;220.73&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Exercised&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(92)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;222.14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Forfeited or expired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(53)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;280.09&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Outstanding at July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;710&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;235.69&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Granted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;181&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;226.71&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Exercised&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(15)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;197.88&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Forfeited or expired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(125)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;244.56&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Outstanding at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;751&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;232.81&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.0 years&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,049&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vested and expected to vest at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;741&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;232.88&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.9 years&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,049&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Exercisable at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;497&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;230.76&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.6 years&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,049&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The weighted-average grant-date estimated fair value of SARs granted during the years ended July&#160;31, 2024, 2023 and 2022 was $60.03, $55.37 and $96.20, respectively. The total intrinsic value of SARs exercised during the years ended July&#160;31, 2024, 2023 and 2022 was $0.5 million, $3.0 million and $69.1 million, respectively. The Company had 119,000, 120,000 and 160,000 SARs that vested during the years ended July&#160;31, 2024, 2023 and 2022, respectively.&#160;These awards had total estimated fair &lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;values of $0.9 million, $0.0 million (due to the exercise prices exceeding the market prices at the date of vesting) and $16.2&#160;million at the date of vesting for the years ended July&#160;31, 2024, 2023 and 2022, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A summary of the status of the Company&#x2019;s nonvested SARs as of July&#160;31, 2024 and changes during the year then ended is presented below (in thousands, except fair value amounts):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:63.812%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.443%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.445%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Awards&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Weighted-Average&lt;br/&gt;Grant-Date&lt;br/&gt;Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Nonvested at July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;251&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62.96&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Granted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;181&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;60.03&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vested&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(119)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62.88&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Forfeited&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(60)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;63.21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Nonvested at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;253&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;60.73&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A summary of the status of the Company&#x2019;s nonvested restricted share units as of July&#160;31, 2024 and changes during the year then ended is presented below (in thousands, except fair value amounts):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:63.760%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.469%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.471%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Awards&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Weighted-Average&lt;br/&gt;Grant-Date&lt;br/&gt;Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Nonvested at July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;169&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;227.87&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Granted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;132&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;204.68&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vested&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(80)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;232.56&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Forfeited&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(27)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;213.55&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Nonvested at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;194&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;212.14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company granted 132,000 restricted share units during the year ended July&#160;31, 2024 with a weighted-average grant-date estimated fair value of $204.68. The Company granted 127,000 restricted share units during the year ended July&#160;31, 2023 with a weighted-average grant-date estimated fair value of $199.14. The Company granted 68,000 restricted share units during the year ended July&#160;31, 2022 with a weighted-average grant-date estimated fair value of $336.57. The Company had 80,000, 63,000 and 68,000 restricted share units that vested during the years ended July&#160;31, 2024, 2023 and 2022, respectively. These units had a total estimated fair value of $18.4 million, $13.3 million and $23.7 million at the date of vesting for the years ended July&#160;31, 2024, 2023 and 2022, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;As of July&#160;31, 2024, there was $33.9 million of total unrecognized compensation expense related to nonvested share-based compensation arrangements granted under the Plan, of which $20.3 million, $11.8 million and $1.8 million of expense is expected to be recognized in the years ending July&#160;31, 2025, 2026 and 2027, respectively, assuming no share-based awards are granted in the future or forfeited. The tax benefit realized or expected to be realized from SARs exercised and restricted stock units vested was $0.8 million, $2.5 million and $23.0 million for the years ended July&#160;31, 2024, 2023 and 2022, respectively.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company has a policy of using either authorized and unissued shares, including shares acquired by purchase in the open market, to satisfy equity award exercises.&lt;/span&gt;&lt;/div&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized contextRef="c-4" decimals="-5" id="f-1398" unitRef="shares">4400000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod contextRef="c-1" id="f-1399">P10Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 contextRef="c-1" id="f-1400">P3Y</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant contextRef="c-4" decimals="-5" id="f-1401" unitRef="shares">1800000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant>
    <us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock contextRef="c-1" id="f-1402">The risk-free rate for periods within the contractual life of the equity award is based on the United States Treasury yield curve in effect at the time of grant.&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:51.970%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.543%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.544%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Year ended July 31,&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;2022&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Expected volatility&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30.0%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;30.0%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;31.0%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Expected dividend yield&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.4%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;3.2%&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.1%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Expected term (average in years)&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.4-6.7&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.5-6.8&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.4-6.8&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Risk-free rate&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.0-5.4%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;2.7-3.0%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;div style="text-align:center"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;0.1-1.2%&lt;/span&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
      contextRef="c-1"
      decimals="INF"
      id="f-1403"
      unitRef="number">0.300</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
      contextRef="c-6"
      decimals="INF"
      id="f-1404"
      unitRef="number">0.300</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
      contextRef="c-7"
      decimals="INF"
      id="f-1405"
      unitRef="number">0.310</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
      contextRef="c-1"
      decimals="INF"
      id="f-1406"
      unitRef="number">0.034</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
      contextRef="c-6"
      decimals="INF"
      id="f-1407"
      unitRef="number">0.032</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
      contextRef="c-7"
      decimals="INF"
      id="f-1408"
      unitRef="number">0.021</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="c-122" id="f-1409">P6Y4M24D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="c-123" id="f-1410">P6Y8M12D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="c-296" id="f-1411">P6Y6M</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="c-297" id="f-1412">P6Y9M18D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="c-298" id="f-1413">P6Y4M24D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="c-299" id="f-1414">P6Y9M18D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
      contextRef="c-6"
      decimals="INF"
      id="f-1415"
      unitRef="number">0.040</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
      contextRef="c-1"
      decimals="INF"
      id="f-1416"
      unitRef="number">0.054</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
      contextRef="c-1"
      decimals="INF"
      id="f-1417"
      unitRef="number">0.027</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
      contextRef="c-6"
      decimals="INF"
      id="f-1418"
      unitRef="number">0.030</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
      contextRef="c-7"
      decimals="INF"
      id="f-1419"
      unitRef="number">0.001</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
      contextRef="c-7"
      decimals="INF"
      id="f-1420"
      unitRef="number">0.012</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum>
    <us-gaap:ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock contextRef="c-1" id="f-1421">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A summary of aggregate SARs award activity under the Plan as of July&#160;31, 2024, 2023 and 2022, and changes during the years then ended is presented below (in thousands, except exercise price and contractual term):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:35.649%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.712%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.712%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.712%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:14.715%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Awards&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Weighted-Average&lt;br/&gt;Exercise Price&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Weighted-Average&lt;br/&gt;Remaining&lt;br/&gt;Contractual Term&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Aggregate&lt;br/&gt;Intrinsic&lt;br/&gt;Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Outstanding at July 31, 2021&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;873&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;181.17&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Granted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;97&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;360.69&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Exercised&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(278)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;93.32&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Forfeited or expired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(13)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;271.04&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Outstanding at July 31, 2022&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;679&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;241.13&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Granted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;176&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;220.73&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Exercised&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(92)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;222.14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Forfeited or expired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(53)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;280.09&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Outstanding at July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;710&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;235.69&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Granted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;181&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;226.71&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Exercised&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(15)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;197.88&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:0 1pt"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Forfeited or expired&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(125)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;244.56&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;&#160;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Outstanding at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;751&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;232.81&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;6.0 years&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,049&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vested and expected to vest at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;741&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;232.88&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5.9 years&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,049&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Exercisable at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;497&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;230.76&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;4.6 years&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;5,049&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
      contextRef="c-15"
      decimals="-3"
      id="f-1422"
      unitRef="shares">873000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice
      contextRef="c-15"
      decimals="2"
      id="f-1423"
      unitRef="usdPerShare">181.17</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementSarsGrantedInPeriod contextRef="c-7" decimals="-3" id="f-1424" unitRef="shares">97000</mtn:ShareBasedCompensationArrangementSarsGrantedInPeriod>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice
      contextRef="c-7"
      decimals="2"
      id="f-1425"
      unitRef="usdPerShare">360.69</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice>
    <mtn:StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised contextRef="c-7" decimals="-3" id="f-1426" unitRef="shares">278000</mtn:StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice
      contextRef="c-7"
      decimals="2"
      id="f-1427"
      unitRef="usdPerShare">93.32</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod contextRef="c-7" decimals="-3" id="f-1428" unitRef="shares">13000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
      contextRef="c-7"
      decimals="2"
      id="f-1429"
      unitRef="usdPerShare">271.04</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
      contextRef="c-30"
      decimals="-3"
      id="f-1430"
      unitRef="shares">679000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice
      contextRef="c-30"
      decimals="2"
      id="f-1431"
      unitRef="usdPerShare">241.13</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementSarsGrantedInPeriod contextRef="c-6" decimals="-3" id="f-1432" unitRef="shares">176000</mtn:ShareBasedCompensationArrangementSarsGrantedInPeriod>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice
      contextRef="c-6"
      decimals="2"
      id="f-1433"
      unitRef="usdPerShare">220.73</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice>
    <mtn:StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised contextRef="c-6" decimals="-3" id="f-1434" unitRef="shares">92000</mtn:StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice
      contextRef="c-6"
      decimals="2"
      id="f-1435"
      unitRef="usdPerShare">222.14</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod contextRef="c-6" decimals="-3" id="f-1436" unitRef="shares">53000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
      contextRef="c-6"
      decimals="2"
      id="f-1437"
      unitRef="usdPerShare">280.09</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber contextRef="c-5" decimals="-3" id="f-1438" unitRef="shares">710000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice
      contextRef="c-5"
      decimals="2"
      id="f-1439"
      unitRef="usdPerShare">235.69</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementSarsGrantedInPeriod contextRef="c-1" decimals="-3" id="f-1440" unitRef="shares">181000</mtn:ShareBasedCompensationArrangementSarsGrantedInPeriod>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice
      contextRef="c-1"
      decimals="2"
      id="f-1441"
      unitRef="usdPerShare">226.71</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice>
    <mtn:StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised contextRef="c-1" decimals="-3" id="f-1442" unitRef="shares">15000</mtn:StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice
      contextRef="c-1"
      decimals="2"
      id="f-1443"
      unitRef="usdPerShare">197.88</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod contextRef="c-1" decimals="-3" id="f-1444" unitRef="shares">125000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
      contextRef="c-1"
      decimals="2"
      id="f-1445"
      unitRef="usdPerShare">244.56</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber contextRef="c-4" decimals="-3" id="f-1446" unitRef="shares">751000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice
      contextRef="c-4"
      decimals="2"
      id="f-1447"
      unitRef="usdPerShare">232.81</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm contextRef="c-1" id="f-1448">P6Y</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue contextRef="c-4" decimals="-3" id="f-1449" unitRef="usd">5049000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber contextRef="c-4" decimals="-3" id="f-1450" unitRef="shares">741000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
      contextRef="c-4"
      decimals="2"
      id="f-1451"
      unitRef="usdPerShare">232.88</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1 contextRef="c-1" id="f-1452">P5Y10M24D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue contextRef="c-4" decimals="-3" id="f-1453" unitRef="usd">5049000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber contextRef="c-4" decimals="-3" id="f-1454" unitRef="shares">497000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice
      contextRef="c-4"
      decimals="2"
      id="f-1455"
      unitRef="usdPerShare">230.76</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm contextRef="c-1" id="f-1456">P4Y7M6D</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue contextRef="c-4" decimals="-3" id="f-1457" unitRef="usd">5049000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-300"
      decimals="2"
      id="f-1458"
      unitRef="usdPerShare">60.03</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-301"
      decimals="2"
      id="f-1459"
      unitRef="usdPerShare">55.37</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-302"
      decimals="2"
      id="f-1460"
      unitRef="usdPerShare">96.20</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="c-300" decimals="-5" id="f-1461" unitRef="usd">500000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="c-301" decimals="-5" id="f-1462" unitRef="usd">3000000.0</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="c-302" decimals="-5" id="f-1463" unitRef="usd">69100000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
      contextRef="c-300"
      decimals="0"
      id="f-1464"
      unitRef="shares">119000</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
      contextRef="c-301"
      decimals="0"
      id="f-1465"
      unitRef="shares">120000</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
      contextRef="c-302"
      decimals="0"
      id="f-1466"
      unitRef="shares">160000</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 contextRef="c-300" decimals="-5" id="f-1467" unitRef="usd">900000</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 contextRef="c-301" decimals="-5" id="f-1468" unitRef="usd">0.0</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 contextRef="c-302" decimals="-5" id="f-1469" unitRef="usd">16200000</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1>
    <us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="c-1" id="f-1470">&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A summary of the status of the Company&#x2019;s nonvested SARs as of July&#160;31, 2024 and changes during the year then ended is presented below (in thousands, except fair value amounts):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:63.812%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.443%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.445%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Awards&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Weighted-Average&lt;br/&gt;Grant-Date&lt;br/&gt;Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Nonvested at July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;251&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62.96&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Granted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;181&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;60.03&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vested&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(119)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;62.88&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Forfeited&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(60)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;63.21&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Nonvested at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;253&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;60.73&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
      contextRef="c-303"
      decimals="-3"
      id="f-1471"
      unitRef="shares">251000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber>
    <mtn:ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue
      contextRef="c-303"
      decimals="2"
      id="f-1472"
      unitRef="usdPerShare">62.96</mtn:ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue>
    <mtn:ShareBasedCompensationArrangementSarsGrantsInPeriod
      contextRef="c-300"
      decimals="-3"
      id="f-1473"
      unitRef="shares">181000</mtn:ShareBasedCompensationArrangementSarsGrantsInPeriod>
    <mtn:ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-300"
      decimals="2"
      id="f-1474"
      unitRef="usdPerShare">60.03</mtn:ShareBasedCompensationArrangementSarsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <mtn:ShareBasedCompensationArrangementSarsVestedInPeriod
      contextRef="c-300"
      decimals="-3"
      id="f-1475"
      unitRef="shares">119000</mtn:ShareBasedCompensationArrangementSarsVestedInPeriod>
    <mtn:ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-300"
      decimals="2"
      id="f-1476"
      unitRef="usdPerShare">62.88</mtn:ShareBasedCompensationArrangementSarsVestedInPeriodWeightedAverageGrantDateFairValue>
    <mtn:ShareBasedCompensationArrangementSarsForfeitedInPeriod
      contextRef="c-300"
      decimals="-3"
      id="f-1477"
      unitRef="shares">60000</mtn:ShareBasedCompensationArrangementSarsForfeitedInPeriod>
    <mtn:ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-300"
      decimals="2"
      id="f-1478"
      unitRef="usdPerShare">63.21</mtn:ShareBasedCompensationArrangementSarsForfeitedInPeriodWeightedAverageGrantDateFairValue>
    <mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
      contextRef="c-304"
      decimals="-3"
      id="f-1479"
      unitRef="shares">253000</mtn:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber>
    <mtn:ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue
      contextRef="c-304"
      decimals="2"
      id="f-1480"
      unitRef="usdPerShare">60.73</mtn:ShareBasedCompensationArrangementSarsNonvestedWeightedAverageGrantDateFairValue>
    <us-gaap:ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock contextRef="c-1" id="f-1481">&lt;div style="margin-top:8pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;A summary of the status of the Company&#x2019;s nonvested restricted share units as of July&#160;31, 2024 and changes during the year then ended is presented below (in thousands, except fair value amounts):&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:8pt;text-align:center"&gt;&lt;table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"&gt;&lt;tr&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:63.760%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.469%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;td style="width:1.0%"&gt;&lt;/td&gt;&lt;td style="width:16.471%"&gt;&lt;/td&gt;&lt;td style="width:0.1%"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:0 1pt"&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Awards&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%"&gt;Weighted-Average&lt;br/&gt;Grant-Date&lt;br/&gt;Fair Value&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Nonvested at July 31, 2023&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;169&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;227.87&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Granted&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;132&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;204.68&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Vested&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(80)&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;232.56&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Forfeited&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;(27)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;213.55&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;Nonvested at July 31, 2024&lt;/span&gt;&lt;/td&gt;&lt;td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;194&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;$&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"&gt;212.14&#160;&lt;/span&gt;&lt;/td&gt;&lt;td style="background-color:#cceeff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock>
    <mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber
      contextRef="c-305"
      decimals="-3"
      id="f-1482"
      unitRef="shares">169000</mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber>
    <mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue
      contextRef="c-305"
      decimals="2"
      id="f-1483"
      unitRef="usdPerShare">227.87</mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue>
    <mtn:ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod
      contextRef="c-306"
      decimals="-3"
      id="f-1484"
      unitRef="shares">132000</mtn:ShareBasedCompensationArrangementRestrictedStockUnitsGrantedInPeriod>
    <mtn:ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-306"
      decimals="2"
      id="f-1485"
      unitRef="usdPerShare">204.68</mtn:ShareBasedCompensationArrangementRestriictedStockUnitsGrantedInPeriodWeightedAverageGrantDateFairValue>
    <mtn:NumberOfRestrictedStockUnitsVestedDuringPeriod
      contextRef="c-306"
      decimals="-3"
      id="f-1486"
      unitRef="shares">80000</mtn:NumberOfRestrictedStockUnitsVestedDuringPeriod>
    <mtn:ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-306"
      decimals="2"
      id="f-1487"
      unitRef="usdPerShare">232.56</mtn:ShareBasedCompensationArrangementRestrictedStockUnitsVestedInPeriodWeightedAverageGrantDateFairValue>
    <mtn:ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod
      contextRef="c-306"
      decimals="-3"
      id="f-1488"
      unitRef="shares">27000</mtn:ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriod>
    <mtn:ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-306"
      decimals="2"
      id="f-1489"
      unitRef="usdPerShare">213.55</mtn:ShareBasedCompensationArrangementRestrictedStockUnitsForfeitedInPeriodWeightedAverageGrantDateFairValue>
    <mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber
      contextRef="c-307"
      decimals="-3"
      id="f-1490"
      unitRef="shares">194000</mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedNumber>
    <mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue
      contextRef="c-307"
      decimals="2"
      id="f-1491"
      unitRef="usdPerShare">212.14</mtn:ShareBasedCompensationArrangementRestrictedStockUnitsNonvestedWeightedAverageGrantDateFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
      contextRef="c-306"
      decimals="INF"
      id="f-1492"
      unitRef="shares">132000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-306"
      decimals="2"
      id="f-1493"
      unitRef="usdPerShare">204.68</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
      contextRef="c-308"
      decimals="INF"
      id="f-1494"
      unitRef="shares">127000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-308"
      decimals="2"
      id="f-1495"
      unitRef="usdPerShare">199.14</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
      contextRef="c-309"
      decimals="INF"
      id="f-1496"
      unitRef="shares">68000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
      contextRef="c-309"
      decimals="2"
      id="f-1497"
      unitRef="usdPerShare">336.57</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
      contextRef="c-306"
      decimals="INF"
      id="f-1498"
      unitRef="shares">80000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
      contextRef="c-308"
      decimals="INF"
      id="f-1499"
      unitRef="shares">63000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
      contextRef="c-309"
      decimals="INF"
      id="f-1500"
      unitRef="shares">68000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue contextRef="c-306" decimals="-5" id="f-1501" unitRef="usd">18400000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue contextRef="c-308" decimals="-5" id="f-1502" unitRef="usd">13300000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue contextRef="c-309" decimals="-5" id="f-1503" unitRef="usd">23700000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized contextRef="c-4" decimals="-5" id="f-1504" unitRef="usd">33900000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized contextRef="c-310" decimals="-5" id="f-1505" unitRef="usd">20300000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized contextRef="c-311" decimals="-5" id="f-1506" unitRef="usd">11800000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized contextRef="c-312" decimals="-5" id="f-1507" unitRef="usd">1800000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
    <us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions contextRef="c-1" decimals="-5" id="f-1508" unitRef="usd">800000</us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions>
    <us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions contextRef="c-6" decimals="-5" id="f-1509" unitRef="usd">2500000</us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions>
    <us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions contextRef="c-7" decimals="-5" id="f-1510" unitRef="usd">23000000.0</us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions>
    <mtn:RetirementAndProfitSharingTextBlock contextRef="c-1" id="f-1511">Retirement and Profit Sharing Plans&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;The Company maintains a defined contribution retirement plan (the &#x201c;Retirement Plan&#x201d;), qualified under Section&#160;401(k) of the Internal Revenue Code, for its U.S. employees. Under this Retirement Plan, U.S. employees are eligible to make before-tax contributions on the first day of the calendar month following the later of: (i)&#160;their employment commencement date or (ii)&#160;the date they turn 21. Participants may contribute&#160;up to 100%&#160;of their qualifying annual compensation up to the annual maximum specified by the Internal Revenue Code. When the Company participates in 401(k) contribution matching, it matches an amount equal to 50% of each participant&#x2019;s contribution up to 6% of a participant&#x2019;s bi-weekly&#160;qualifying compensation starting the pay period containing the first day of the month after obtaining the later of: (i)&#160;12 months of employment with at least 1,000 service hours from the commencement date or (ii) if 1,000 hours within the first 12 months was not completed, then after the employee completed a cumulative&#160;1,500 service hours. The Company&#x2019;s matching contribution is entirely discretionary and may be reduced or eliminated at any time.&lt;/span&gt;&lt;/div&gt;&lt;div style="margin-top:12pt;text-align:justify"&gt;&lt;span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"&gt;Total Retirement Plan expense recognized by the Company for the years ended July&#160;31, 2024, 2023 and 2022 was $10.8&#160;million, $9.8 million and $8.5 million, respectively.&lt;/span&gt;&lt;/div&gt;</mtn:RetirementAndProfitSharingTextBlock>
    <mtn:DefinedContributionPlanEmployeeContributionPercentage contextRef="c-1" decimals="2" id="f-1512" unitRef="number">1</mtn:DefinedContributionPlanEmployeeContributionPercentage>
    <us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent contextRef="c-1" decimals="2" id="f-1513" unitRef="number">0.50</us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent>
    <mtn:DefinedContributionPlanEmployerContributionPercentage contextRef="c-1" decimals="2" id="f-1514" unitRef="number">0.06</mtn:DefinedContributionPlanEmployerContributionPercentage>
    <mtn:DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths contextRef="c-1" id="f-1515">P12M</mtn:DefinedContributionPlanIndividualRequisiteEmploymentPeriodInMonths>
    <mtn:DefinedContributionPlanIndividualRequisiteServicePeriodInHours contextRef="c-1" decimals="INF" id="f-1516" unitRef="hour">1000</mtn:DefinedContributionPlanIndividualRequisiteServicePeriodInHours>
    <mtn:DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours contextRef="c-1" decimals="INF" id="f-1517" unitRef="hour">1500</mtn:DefinedContributionplanIndividualRequisiteTotalServicePeriodInHours>
    <us-gaap:DefinedContributionPlanCostRecognized contextRef="c-1" decimals="-5" id="f-1518" unitRef="usd">10800000</us-gaap:DefinedContributionPlanCostRecognized>
    <us-gaap:DefinedContributionPlanCostRecognized contextRef="c-6" decimals="-5" id="f-1519" unitRef="usd">9800000</us-gaap:DefinedContributionPlanCostRecognized>
    <us-gaap:DefinedContributionPlanCostRecognized contextRef="c-7" decimals="-5" id="f-1520" unitRef="usd">8500000</us-gaap:DefinedContributionPlanCostRecognized>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
